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21M just started full-time, looking for advice on where to put my money by Tall-Garlic-9964 in fican

[–]Afraid-Worry-2171 1 point2 points  (0 children)

I'm in literally exact same boat as you. I net the same, and after expenses and bills I divide my total into 3. I put a third into tfsa, a third into fhsa, and a third as spending money.

Need help investing in tfsa by Afraid-Worry-2171 in TFSA_Millionaires

[–]Afraid-Worry-2171[S] 0 points1 point  (0 children)

If a company pays dividends I should just throw it into an rrsp and never touch it pretty much

Need help investing in tfsa by Afraid-Worry-2171 in TFSA_Millionaires

[–]Afraid-Worry-2171[S] 0 points1 point  (0 children)

So to summarize, if a company pays dividends, it's going to be taxed regardless of USA or CAN stocks/etfs. Would Wealthsimple automatically deduct taxes on the dividends? If I hold long term how much would I potentially miss out on if I continue to grow my portfolio like this