Investment TAXES for Canadians Explained Pt1: | RRSP vs.TFSA | Canadian Dividends vs. U.S. Dividends

[@mikethoang1934]

Just saw this 3yrs after this video’s release. It answered ALL my questions around taxes and TFSA vs RRSP for US stock investments. HUGE thank you!

[@lindsaywang4413]

The etfs I found through your channel already gave me 15% yield year to date, and I maximized my dividend from your channel, amazing content

[@PassiveIncomeInvesting]

Happy for you !! Enjoy the easy $$ and keep building up that income !

[@nasreddinemegrez6563]

Hi Lindsay Could you please share your selection of etfs that are giving you 15 % yield?

[@lindsaywang4413]

@@nasreddinemegrez6563 I hold about 1/3 the slip corp class A which Adrian recommended, my other ones average 6% yield, my porfolio is considered medium to high risk,

[@PassiveIncomeInvesting]

That’s great , always be sure to balance the risk !

[@adamdye3472]

By far the best video on youtube explaining this topic!! Thank you!! I'm going through your entire channel now. Cheers

[@volie9514]

Adrian, I love your videos!!! I will watch all of them and recommend them to my friends! Thank you for your hard work!

[@PassiveIncomeInvesting]

You’re welcome and thanks so much for the support! Spread the good news , there’s more than enough passive income for everyone !

[@scottparent5081]

Thank you so much for all of your videos. I’m still quite new to investing (I started in July). I can only start small, but with your advise, I’m quite confident that I’ll be able to be financially free much sooner

[@PassiveIncomeInvesting]

You will !

[@stoneycreekstorm7287]

👍💰👍. Looking forward to part 2!

[@samsunpen15]

Thank you been waiting for this !

[@PassiveIncomeInvesting]

I know ! I did it for you 😀

[@Got2Learn]

Awesome ivode, thanks for replying and leading me here, just what I needed!

[@divyaNau]

Thank you so much for sharing this. I have seen so many videos but no one clarifies about capital gains. You are doing a great job. Soar high and all the very best.

[@RP-si8zb]

Clear and precise explanations...Thank you... Smashed the like button!!

[@PassiveIncomeInvesting]

Appreciate that, thanks !

[@paulinebantiyao8319]

Really really helpful I learned a lot since I have been hesitating to buy US stocks because of taxes!

[@MegsCarpentry-lovedogs]

Geish! Super visual chart at the 12min 10 sec mark! Honestly, you make things so clear with the visual presentations. Yes, you worked hard on this presentation. Thank you so much. A new subscriber and really enjoying your work. 💯👍

[@darrend7764]

Thank you, this video is very informative. I understand TFSA now.

[@theodorereid6129]

This answers all my questions. Amazing video. Very informative.

[@PassiveIncomeInvesting]

Glad it was helpful!

[@ArifKhan-ok1wj]

Great Video! Once Again. Thank You!

[@PassiveIncomeInvesting]

You’re welcome !

[@nathaelgonzalez7669]

Thank u for explaining unfortunately I never pay attention to this investments

[@danielbeaufort6455]

Thanks Adrian, all my questions about taxes are answer now

Very interesting video man I didn’t know this! Good work!

[@PassiveIncomeInvesting]

Glad you learned something new ! More to come !

[@MM-hw6fz]

Hey Adrian...you are such a blessing. Amazing content as always. Get to learn so much from you. Awesome work. Thank you so much!

[@ingjrmora]

Thank you very much. It wasn't that clear to me before seeing your video

[@defgrammatiks]

Thanks for putting this video out, that's a huge help.

[@XTOSNETWORK]

I love all your videos... Awesome job man. I was wondering if you will make any videos for the Registered Disability Savings Plan (RDSP)?

[@PassiveIncomeInvesting]

Thanks man I did not know what an RDSP was until i read your comment. This is really niche and since i have no experience with that account, i probably won't be talking about it.

[@charmainemacintosh7818]

Hi Adrian, good contents as always! I am hoping that in part 2 dealing with non-registered accounts that you will discuss ACBs and the best way to track these.

[@PassiveIncomeInvesting]

Do you mean in general ? Or if you’re making “return of capital” income ?

[@charmainemacintosh7818]

@@PassiveIncomeInvesting I mean in general acb tracking for buying, selling and of course that pesky ROC. I am currently using an Excel spreadsheet but am curious if others such as yourself have a better way or spreadsheet.

[@PassiveIncomeInvesting]

Not at the moment , there are tools online to help you track acb but it’s not really a concern if you’re a buy and hold investor . As far as I know you need to keep track of it yourself with the t3 slips you get once a year , I’ll look into it further ...

[@charmainemacintosh7818]

@@PassiveIncomeInvesting true for any buy and hold investor however in the case of ROC, it needs to be tracked (for non-registered accounts) as it essentially is deducted from your invested capital. If for whatever reason you need to sell the stock, you need to be able to calculate the correct capital gain/loss to avoid errors when filing your taxes. By this I mean receiving the T3 each year then claiming the incorrect gain/loss in the year you sell. It also does not hurt to track those stocks that give you dividends only. ACBs are important in terms of tracking your cost basis.

[@PassiveIncomeInvesting]

Correct , accounting is not my expertise but like you said this is a must for non registered accounts especially if your pall information on selling them one day , which I’m not ! 😀

[@MrWafonsec]

Hi Adrian, I really like your videos and specially like that you take time to answer the questions here. Really appreciate 🙏. Investor question, considering you have a portfolio that is growing and because of that you will not be on a smaller bracket when you get to your retirement, is it still worth it to max out the RRSP account every year? I mean, when this become RRIF and you are obliged to minimum withdrawal, that will become a large amount and you will pay a big tax there. Am I missing something or thinking right? Tks man

[@PassiveIncomeInvesting]

It’s still worth it in my opinion because of the compounding . To be clear I am not maxing out my rrsp every year , only the tfsa . I invest in my rrsp now to offset my employment income as you get a big tax refund . Once I am no longer employed I will probably not be contributing there anymore or maybe very little. Thanks for your kind words !

[@qil1316]

So many valuable tips, thanks so much!

[@paulabeattie8565]

Wish I could give this one a double thumbs up! Where is part 2 of this video? I watched the next one but it is about ZWC and not the 4 different types of investment income.

[@PassiveIncomeInvesting]

there is part 2 where i talk about taxes in a cash account and use ZWC as an example. the truth is the taxes are not black and white it really depends on your province and marginal tax rate

[@paulabeattie8565]

@@PassiveIncomeInvesting I found the video, I am watching it now. It was posted Apr 24th, 2021 "Investment Taxes for Canadians Pt2: Interest, Eligible Dividends, Capital Gains & Return Of Capital"

[@shaolongchen]

If I were to own a us stock that pays dividend at my rrsp do I need to pay the capital gain taxes for the stock ?. I understand that I’m tax free on the capital gains. But not sure on the capital gains ! Please answer I m a new sub😮

[@sarahing306]

What happens with distributions/income earned within an RRSP. Are you able to use those, or would accessing those require "withdrawing" from your RRSP. Most my investments are in RRSP at the moment, but I would like to access some of the generated income possibly while I'm in school, and the drip the rest.

[@PassiveIncomeInvesting]

Require withdrawing

[@SoulLead87]

Thank you Adrian for sharing this very important videos. Like all your content. Stay safe.

[@mrathos]

Great simple explanation. Thank you

[@xoxUnD3R0aThxox]

hi, so are u saying Canadian listed etfs that hold us assets, when they advertise their dividends the 15% is already taken into consideration, and i will get what is advertised by the etf without deductions?

[@philipdayrit5809]

For FHSA, how would the taxes be applied? I assume it is similar to a TFSA since it is not considered a retirement plan like RRSP (although we can move an FHSA to RRSP if not been used or has been over 15 years). Correct me if I'm wrong with this assumption. Thanks!

[@ericdagenais6066]

Well explained . Thanks for all your precious information. Merci beaucoup!

[@neilmac4730]

You cleared up a lots of questions.

[@kyakka7748]

can you highlight pros and cons of tsfa vs rrsp for dividend stocks

[@ShortTermOptions]

What about LIRA account I don’t think you pay 15% tax on dividends like TFSA ?

[@mozmagic]

Hey Adrian, love the videos!! I have a question - do Canadians pay a with holding tax on non dividend US stocks - eg Tesla

[@PassiveIncomeInvesting]

no, there can't be a tax on "nothing"

[@violetgypsie]

You still have to pay dividend taxes on your income tax return though. Not sure about capital gains. And RRSP is for retirement not for drawing dividends to live on before retirement age. And you will be taxed on your RRSP withdrawals at old age if your income level is above the poverty line. It’s best to have both and try to minimize your taxes as much as possible, but nothing is tax free. New sub and really enjoying your channel. Cheers!

[@PassiveIncomeInvesting]

Anything generated from the tfsa is tax free bud

[@violetgypsie]

@@PassiveIncomeInvesting okay. I’ll check that out. Thanks

[@phyllis2866]

super super helpful - thank you thank you!!

[@ZxRSKILLS]

I know this is a older video so idk if you will respond, but what If you own a Canadian REIT but it owns property’s outside of Canada? Does this effect anything in a TSFA? The. Company I’m taking about for reference is GRT.UN

[@PassiveIncomeInvesting]

Nope

[@ZxRSKILLS]

@@PassiveIncomeInvesting Thank you!

[@leifharmsen]

So, to avoid paying 15% withholding tax on us holdings in an RRSP I would have to purchase $US, so VOO instead of VFV, then to spend my gains in Canada I would have to convert back to $CDN. Is my assessment right and if so, is it worth it?

[@mathieubegin6152]

Sorry I am late but I would like to know how you give the W-8BEN ? To who do you give it to ? Thank you

[@PassiveIncomeInvesting]

Your broker

[@radio_nowhere]

Is this just for dividends or for s US stocks s well? 😮

[@vin4297]

Hey loving all the videos just wondering when the rrsp video will be up

[@PassiveIncomeInvesting]

I have one rrsp video up as well but it’s a bit old ... Ill make another one but I got so many videos to get to first ! Stay tuned !

[@nathaelgonzalez7669]

Thank you buddy this is great info

[@thamyrissalgueiro2934]

Is there some fee charge (or tax punishment) if do a in-kind transfer from my TFSA to non register, and then move back to the TFSA? I have some US growth stocks that I transferred from my TFSA to my non-registered, but now I’m seen I should had kept it in my TFSA. Thank you :)

[@investorsingh6734]

wow what an amazing vid again.

[@PassiveIncomeInvesting]

Glad you think so!

[@saradypea8404]

Hello Adrian, would you know if HYLD dividend distribution is subject to the 15% withholding tax? I saw the holding in this fund and it invest in quite a few of US ETF like JEPI, JEPQ etc

[@PassiveIncomeInvesting]

HYLD will be subject to the 15% tax on the dividends from U.S. Listed funds. but HYLD is Canadian listed so you wont see it. i suggest watching my past HYLD videos and Q&As w/Hamilton, we discuss all about this

[@saradypea8404]

@@PassiveIncomeInvesting this fund is pretty amazing. So the avg. $0.12 monthly distribution already incorporates any withholding tax impose on dividend?

[@valaypatel8456]

I am new here and trying to understand investment strategy. So Canadian listed stocks are always ends with .to (Toronto stock exchange) , correct. How to figure it out? is it on fund website? would you recommend any video to watch ?

[@PassiveIncomeInvesting]

i do not have many "beginner" videos. you will learn.... keep looking

[@typerice604]

Great video.and very informative. Just wondering if Canadian and US REITs are taxed the same as Canadian and US stocks as described in your videos?

[@PassiveIncomeInvesting]

No they are all taxed differently , you need to actually fund the breakdown for each one . Either by going on the funds website or waiting for your annual tax slip for each stock

[@nanasakura7997]

Thank you very much for your hard work, it was really helpful...

[@deeparamvakkalanka]

Fantastic!!

[@ivanvalverde3329]

Great channel!. Would you recommend to become a sole proprietorship when investing?

[@PassiveIncomeInvesting]

Sorry not sure what you mean

[@DEleonora]

Hi Adrian! Is there a second part of that video about how investments are taxed in a cash account? Thank you!

[@PassiveIncomeInvesting]

Not yet , it’s on my very long to do list lol

[@deanoudhini7292]

Great video! Question the dividends whether Canadian or American you earn from your your RRSP account when you choose to live off of it. Do they get a preferential tax like in the cash account or are they just added to your overall income and taxed at marginal income tax?

[@PassiveIncomeInvesting]

Like I mentioned at 10:30, marginal tax rate

[@deanoudhini7292]

@@PassiveIncomeInvesting ok thx I just wanted to be sure that dividends and Capital gains were treated the same in an RRSP. Thx

[@PassiveIncomeInvesting]

Keep in mind that capital gains and dividends are tax free Within the account ...but only taxed when you withdraw the money when you turn the account into a RRIF later on

[@galaxytrio]

This is really helpful. Thanks!

[@yannik9341]

What about mutual funds for example RBC Select Aggressive Growth in TFSA. It is 39% US. Are there withholding taxes in the TFSA?

[@PassiveIncomeInvesting]

Canadian listed fund = no tax. Its included WITHIN the fund

[@yannik9341]

@@PassiveIncomeInvesting hi Adri, John Konstas here. It doesn't matter if I or the fund pays. There is still withholding. Now that I think of it, the RBC Select Balanced fund (25% US Equity ) which is the largest fund in Canada @ $38B is held in so many RRSP & TFSA accounts! I assume there is a withholding tax. Some people say there isn't. 99% of people don't know. I wasn't told when RBC recommended the funds over 20 years ago. And if I call RBC on Monday, I bet you $1K they won't know and will have to get back to me. And they might even tell me to consult an accountant.

[@fredwhitehouse6476]

Hi enjoyed your explanation of dividend taxes. So if I have US dividend stocks in a non-registered (cash) account I pay the 15% and then add the 85% as income to my tax return. Are there any circumstances where I can deduct the 15%? I guess then I would have to add the 100% as income. Thanks

[@PassiveIncomeInvesting]

You get all your info in the t3 statement . You get a foreign tax credit to help with that 15%

[@fredwhitehouse6476]

@@PassiveIncomeInvesting Thanks yes I did figure it out as the software auto filled the tax credit. It was actually a T5

[@sgill4833]

I'm wondering if I move to Ireland and become non domiciled in Ireland if I would have to pay withholding tax on Canadian dividends as a non resident.

[@PassiveIncomeInvesting]

Of course you would

[@TheJoeMoneyShow]

Yes my place a sprinkler popped off and was empty and flooded 30 units starting from my condo 😢

[@PassiveIncomeInvesting]

Did you set up your home owners insurance policy? Seems like you can argue that you weren't even living in the unit long enough to cause this problem, there should be some sort of guarantee with the contractor of the building

[@TheJoeMoneyShow]

@@PassiveIncomeInvesting they said only drywall and baseboard is covered painting and flooring is on myself dam 30 units got destroyed and started from my unit. Took hours before someone noticed and we just got it 3 weeks ago

[@PassiveIncomeInvesting]

That’s crazy , this is why I sold my condo and rent . A huge load off your shoulders . I wish you good luck and hope it all works out for you !

[@brightvisionary]

Great video Adrian. God bless! Question - after paying the 15% withholding tax on US dividends, would you still be required to pay tax to CRA for the balance of the US dividends?

[@PassiveIncomeInvesting]

Yes of course , that’s for the is government , we still gotta pay the Canadian government 😎 it’s a legal mafia what can you do ?

[@brightvisionary]

@@PassiveIncomeInvesting thank you. Keep up the good work. You are an inspiration. God bless!

[@abhinavmehta1010]

Hi Adrian, Do we need to pay tax on dividend that came from a canadian share holding inside RRSP ?

[@PassiveIncomeInvesting]

No. Only withdrawals are taxed .

[@FrancisFournier-l3o]

Thanks 🤘🏼

[@BrockoM]

To buy US stocks and dividend stocks in a TFSA, do you still have to fill out the 8BEN form or is there automatically no withholding tax taken off?

[@PassiveIncomeInvesting]

you probably already signed it as its part of the initial forms when you open your account. check with your broker to make sure !

[@molsharma4943]

really informative video, thanks a lot.

[@jodidressage]

Have you posted the #2 video on personal account taxes? I have not found it - if you have. Please let me know. From one of your thankful subscribers

[@PassiveIncomeInvesting]

Hi there , not yet ... maybe in the future 😎

[@darraldfurber876]

Great video. Lots of info for a newbie like me. One question....If I pay the 15% on a US listed dividend. Do I claim that on my tax return?

[@PassiveIncomeInvesting]

Nope 👎 it’s nothing you can claim as it goes to the irs , not our government.

[@juniortj9428]

Hey Adrian, off topic here. Did HPF just slushed their dividend from 0.03 to 0.01?

[@PassiveIncomeInvesting]

Yes, they announced it on Oct. 30th harvestportfolios.com/harvest-announces-monthly-distribution-change-for-harvest-energy-leaders-plus-income-etf/ I knew a cut was coming, you can't really sustain a 19% + dividend but i was surprised that it was a 66% cut. I thought it would be 33% or 50% at the most. So, although the dividend is much lower but still decent.... the ETF stock price is bound to increase over time next year as they are simply paying out less in dividends. Also, don't rule out an increase later on! If ever you want to swap it out for another Energy ETF, my top choice would be NXF

[@isabelgonzales9738]

Thanks for the presentation! Shall I assume that it is necessary to consolidate RRSP before it converts to RRIF as a specific percentage needs to be automatically withdrawn?

[@PassiveIncomeInvesting]

Consolidate??

[@isabelgonzales9738]

@@PassiveIncomeInvesting Just to clarify, I meant consolidating various RRSP accounts before being converted RRIF.

[@PassiveIncomeInvesting]

I don’t think it’s required , you can partially convert it as well . But I’m not an explorer in this … yet 😎

[@villaconception]

Is this up to date? Any taxing changes recently?

[@PassiveIncomeInvesting]

It’s up to date yeah .

[@alwaysforward8545]

Thanks for the informative video! For Cad-listed ETFs with US holdings, you mentioned that it’s already paid by the fund manager, does this mean it’s already included in the MER % for that ETF?

[@PassiveIncomeInvesting]

Yup ! The distributions are NET of all these fees and taxes

[@alwaysforward8545]

@@PassiveIncomeInvesting thanks for the quick reply! Does this also apply to CA-listed ETFs holding US-listed ETFs holding US stocks?

[@PassiveIncomeInvesting]

It applies to all funds

[@monksblend]

So helpful!

[@jordyntaniwa5985]

Would your dividends be considered capital gains? Are all your dividends taxfree in a tfsa aswell?

[@PassiveIncomeInvesting]

Please watch part 2 for the first question and for the second question I answer it in the video

[@johnschenck5350]

Hey Adrian, are there any tax issues or concerns with making RRSP withdrawals without converting to a RIF?

[@PassiveIncomeInvesting]

Yea there’s penalties to pay , but since I never that ( and I don’t plan to) I’m not an expert on it . Check online I’m sure you’ll find the info 😎

[@3vecesminombre]

This has always been a huge confusing subject for me as a beginner. While your video is the best one I've found so far, after reading several documentations I am still hesitant as to if I got this right. So, if for instance I buy AMAZON, or COCA COLA U.S. Stocks in my TFSA or RRSP, since these are growth stocks, I won't get any withholding tax or get taxed (capital gain/loss) when I sell them, correct?

[@PassiveIncomeInvesting]

Correct ! There would only be a withholding tax on dividends if the stock is listed on the us market , like Coca Cola . But only in the tfsa … rrsp has no withholding tAx on dividends because it’s a retirement account . See my tax video part 1 . I explain all that there

[@3vecesminombre]

@@PassiveIncomeInvesting Amazing! Thank you so much!

[@nasreddinemegrez6563]

Hello, After taking retirement, will the dividends gained from US listed stocks in a RRSP account be taxed in USA, or will they be taxed only in Canada at the same rate and way as Canadian retirement income?

[@PassiveIncomeInvesting]

All dividends are tax free In the rrsp . The income you withdraw from your rrif will all be taxed at your marginal tax rate , it makes no difference if its us dividends or Canadian dividends , interest , capital gains etc. , it’s all taxed the same when you withdraw it

[@seanstours3913]

Fantastic video, when is part 2 being released! lol

[@PassiveIncomeInvesting]

Thanks , eventually! These types of videos aren’t very popular

[@seanstours3913]

@@PassiveIncomeInvesting ah but so important!

[@oanhpham8780]

Adrian please help me to make clear my thoughts … I have CLM in my TFSA so I need to pay 15% holding tax but the capital gain is still tax free in TFSA … is that right ? I’m so confused with all those informations 🤦‍♀️ …

[@PassiveIncomeInvesting]

Correct ! The 15% will be taken automatically off the top in a tfsa

[@oanhpham8780]

@@PassiveIncomeInvesting thanks a lot 🙏🙏❤️❤️

[@oanhpham8780]

@@PassiveIncomeInvesting thanks a lot 🙏🙏❤️❤️

[@markokoerblervideoproduction]

Hello Adrian. Im 40, with $0 savings, just got my company running good. I am ready to start with aggressive investing now. 8th year in Canada. Some said I should not be bother with RRSP in that age, what do you think? I think I will be buying your guide in a couple of days.

[@PassiveIncomeInvesting]

this is why i offer a 1 on1 coaching session :) the DIY package can definitely help you to get started and build a portfolio

[@K_H-Channel]

Hi Adrian, Thank you for the great content as always. Question: If I retire at 60 and start withdrawing money from RRSP, wouldn’t I be taxed heavily based on the income I would have from my income from investments in TFSA and Cash accounts? Let’s say I have over a million dollars in dividend paying stocks in both TFSA and cash account and getting paid. Wouldn’t I be paying high tax for withdrawing from RRSP? In this case, is it wise to invest in an RRSP account if I am to have a good portfolio with my TFsA and cash accounts? Thank you.

[@PassiveIncomeInvesting]

Tfsa income doesn’t count it’s tax free income !

[@K_H-Channel]

@@PassiveIncomeInvesting so i would be taxed on the income from cash account right?

[@PassiveIncomeInvesting]

Yup , and the rrsp money you take out is taxed as regular income , so the level of tax you pay on it depends heavily on your marginal tax rate .... which is why it was designed to take out when your not working anymore ( much lower tax rate )

[@K_H-Channel]

@@PassiveIncomeInvesting Doesn’t the income from non- registered accounts also fall under “regular Income” and put you into a higher tax bracket?

[@PassiveIncomeInvesting]

Did you not watch this video ?? I explain in detail how the income is classified

[@KOTNEmpire]

Do you pay the 15% withholding tax in a RRIF?

[@PassiveIncomeInvesting]

No , same as the rrsp . Retirement account = no 15% withholding tax

[@steelhead6368]

All this time I was told not to purchase anything U.S listed because I have to pay taxes in TFSA. So just to clarify, as long as it's not a U.S dividend paying stock, I won't have to pay taxes? No taxes on capital gains?

[@PassiveIncomeInvesting]

You have to pay a 15% withholding tax on the dividends if the stock is us listed... it’s taken right off the top . But besides that , nothing else ( no capital gains taxes )

[@steelhead6368]

@@PassiveIncomeInvesting Thank you for the reply and your videos are awesome! Subscribed + Thumbs up!

[@markreynolds1415]

Is an RRIF the same as an RRSP for that Dividend Tax Exemption?

[@PassiveIncomeInvesting]

Yes

[@KOTNEmpire]

If I have US stock paying ROC dividends in a cash account do we get taxed in Canada?

[@PassiveIncomeInvesting]

I’ve asked myself that also , I don’t think so because I saw that it lowered my book cost

[@Apolloyvr]

How much taxes I pay if I withdraw dividend on regular cash account?

[@PassiveIncomeInvesting]

Withdraw or not , you get taxed

[@adamproper4032]

very helpful!!!

[@adamp7920]

What about a lira account?

[@PassiveIncomeInvesting]

Same as rrsp

[@Kelkian69]

So if you’re entire income is just dividends from a TFSA, they won’t tax you for it? I keep hearing different things like there is a loophole

[@PassiveIncomeInvesting]

What does the first 2 letters of tfsa stand for ??😎. There’s no tax my friend . The only think that’s taxed in there are dividends from u.s. listed securities . See my tax videos to learn more

[@davids2009]

are you bullish on boston pizza?

[@Tahoorayah]

I’m in the middle of the video is “ TFSA “ only for Canadians ?

[@PassiveIncomeInvesting]

yes TFSA is our version of ROTH

[@patrickl.2761]

If I want to withdraw money from US listed stocks in my rrsp am I able to take the money out in US funds or is it automatically converted to CDN upon withdrawl?

[@PassiveIncomeInvesting]

It depends what currency the account is . If it’s a us account , it will be us currency but you need to transfer it to a us currency bank account if you don’t want the exchange to happen

[@patrickl.2761]

@@PassiveIncomeInvesting Yes in my RSP I have CDN side and US side. So If I sell a US stock on the US side then go to withdraw from my rsp US currency if that is what I want ? That is the question. TO they pay out US currency in a cdn rsp account ?

[@PassiveIncomeInvesting]

No they pay out whatever the account currency is . You can simply cAll your broker to confirm . I can only say how td is

[@patrickl.2761]

@@PassiveIncomeInvesting Got it. Thank you very much and great job on your videos!!! Really enjoying them.

[@PassiveIncomeInvesting]

Thanks man !

[@hiroken66]

This is very useful video and it was very interesting that you demonstrate& explain using your real investment account. I really hope you do exactly the same video, but how tax works on global ETF in both RRSP and TFA!

[@PassiveIncomeInvesting]

Global etf ? It’s the same thing

[@madeleinewinterdown3256]

What about the tax efficiency of a TFDA. Tax free dividend account. Canadian dividends. Up to 50k. Tax free. Cash account. No outside income. This is hugely tax efficient if you are truly FIRE with no outside income.

[@PassiveIncomeInvesting]

Well aware ! Thanks 🙏

[@ton4976]

Can I day trade Options in TFSA account ?

[@sicsempertyrannis4351]

Wow, I'm a Canadian and just one comment from you about Trump was enough for me to distrust your judgement, discernment, intelligence, and therefore *ALL* of your advice. Way to go, NPC leftist.

[@PassiveIncomeInvesting]

Lol 😂 What are you taking about ? I like trump , I watched all season of the apprentice

[@sicsempertyrannis4351]

@@PassiveIncomeInvesting 1. Explain why you felt the need to mention him at all @2.25. 2. Telling me you not only liked Trump for his celebrity, as opposed to the things he accomplished in office, but that you *enjoyed* watching that trash T.V. program is not helping defend you from my accusations of lacking discernment, judgement, and intelligence.