You wouldn’t put regular gas in a BMW 7 series, so why are you filling your TFSA with inferior fuel? Certain accounts seem tailor-made for particular assets. Get the combination right, and you can have your account running at peak tax-efficiency.
In most cases, your granny’s tender words of encouragement still ring true: “It’s what’s inside that counts.” But, so do the words she omitted: “There are exceptions to every rule.” Tax-efficiency can be a consideration when selecting suitable investments for each account, but it should never be at the risk of an unbalanced portfolio. For more information, please contact us today.