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.

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