Saturday, January 22, 2011

Jan 4 2011 RRSP and TSFA contribution day

Now that the year is over, it is time to make a new contribution to the Dividend Lover RRSP and TSFA portfolios.

January 4th the first trading day of 2011 is a great day to make TSFA and RRSP contributions. It is a great day for contributions because you get the most the most tax advantaged growth time since it is the earliest day you can a contribution.

People who make their 2010 RRSP contributions on March 31 2011 have missed on 15 months of tax deferred earnings. since they could have done their 2010 RRSP contributions on Jan 4, 2010

I hold Canadian REIT's in my RRSP because enjoy the tax efficiency. i had already picked out  HR.UN as the new investment in both accounts since it is offering the best discount to NAV among the large cap REITS

I always preach, make your contributions asap to maximize the tax advantaged growth time, especially when it comes to your TSFA. If you do not have enough money to contribute to both early contribute to your TSFA first


  1. “Delaying is really costly. If you don't have time on your side, you don't have compounding.” - Richard Applegate

  2. yes compounding is the most powerful force in the universe :)

  3. Just curious as to where you get your NAV info for Canadian REITs? Do you calculate it yourself? I've managed to find some fairly recent updates from CIBC through InvestorVillage, but missing a few key pieces. I'm trying to put together a Google spreadsheet to track how REITs are trading relative to NAV.

  4. I get them from the CIBC analyst reports, CIBC publishes a monthly report with all the navs, makes it easy to compare all the reits at the same time.

    I'll post something on this blog next time the report comes out.