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Monday, November 29, 2010

My Sprott Canadian Equity Fund now from my non registered account

I guess that my post about transferring money from the TFSA to RRSP wasn’t clear enough. I will have to work on a more detail and maybe more clear post later on lol. As for now, my Sprott Canadian Equity Fund investment is already in my Canadian non registered account! Which mean that tomorrow morning, I will be calling again TD Waterhouse and proceed with the transfer of the Sprott Canadian Equity Fund into RRSP.

This is just the perfect transfer as my maximum contribution for 2010 RRSP is of just a bit more than 7 000$. Maybe I can just add to this that since the transfer from the TFSA into non registered Canadian account had been done so quickly by TD Waterhouse, I won’t have probably capital gain taxes to declare. In 2 days, the market won’t move too much.

Also, for my 2011 TFSA contribution, I will have a new 5 000$ to invest + the amount of the withdraw of the Sprott Canadian Equity Fund. Which make 12 000$. So basically, all new investment of 2011 could be made inside the TFSA.

I am getting ready for my tomorrow trade: 700$ or so that I want to invest into the iShares S&P/TSX Capped REIT Index (XRE). This will probably be my last trade of 2010.

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