Save money by being clever about your investments.
Since the recent federal budget didn’t really do anything for them, smart investors are once again thinking about how they can get more tax relief on their income and investment dollars.
The trick is to become more tax efficient. Tax efficiency doesn’t mean avoiding tax altogether. Nor is it about joining the underground economy.
Tax efficiency simply means pushing off tax where you can and generating more of your investment returns from asset classes that attract lower rates of tax.
Given a choice of investing in taxable and registered accounts, for instance, you have to consider the best place for each investment for tax purposes.
Click through to see what you need to consider.
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How long does it take you to completely unpack after moving in?
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- 3 days – I'm an unpacking MACHINE!
- I need a full month just to figure out where to put everything!
- 3 months – I use the boxes as end tables!
- NEVER! I still haven't unpacked everything from the last move.
July 28 (Bloomberg) -- Leigh Steinberg, a professional sports agent and author of "The Agent," comments on the latest developments in the legal fight o... More July 28 (Bloomberg) -- Leigh Steinberg, a professional sports agent and author of "The Agent," comments on the latest developments in the legal fight over ownership of the Los Angeles Clippers. He speaks with Cory Johnson on "Bloomberg West." (Source: Bloomberg)
Date 3 hrs ago, Duration 4:29, Views 81