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Tory tax idea may hit RRSPs

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CHIMO Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-16-06 10:59 PM
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Tory tax idea may hit RRSPs
The trusty old RRSP could be rendered obsolete for some investors under a campaign promise by the Conservatives to eliminate taxes on capital gains that are reinvested within six months.

“It's actually an amazingly tiny group of well-off Canadians who will capture the lion's share of the benefit,” said Jim Stanford, economist at the Canadian Auto Workers union.

http://www.theglobeandmail.com/servlet/story/RTGAM.20060116.wcapgains0116/BNStory/Business/
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daleo Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-17-06 12:04 AM
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1. It effectively makes capital gains tax free
As long as you keep rolling them over.
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