Q&A With Gordon Pape: The Key To Tax-Effective Investment
What are the most tax-effective investments?
Q – I’m 71 and I will be taking RRIF payments this year. My TFSA is maxed out. I’ve started investing outside my registered plans. What are the most tax-effective investments? – Maurice B.
A – There is a wide range of tax-effective securities from which to choose including REITs, limited partnerships, preferred shares, and Canadian dividend-paying common stocks. Some mutual fund companies also offer tax-effective funds, such as the Nexgen line from Natixis Global Asset Management. – G.P.