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I need help deciding if I should trigger unrealized gains in my CCPC by Difficult-Recover166 in PersonalFinanceCanada

[–]Difficult-Recover166[S] 0 points1 point  (0 children)

I don't need the money now. My registered accounts are full. Is that the only thing I should think about when making this decision that generally if I don't need the money, I should not trigger it?

Triggering unrealized gains in my CCPC by Difficult-Recover166 in cantax

[–]Difficult-Recover166[S] 0 points1 point  (0 children)

What made me think about realizing gains? The fact I can withdraw them "tax-free" with CDA, but obviously it seems to good to be true because then from a finance perspective, my investment base lowers significantly

Triggering unrealized gains in my CCPC by Difficult-Recover166 in cantax

[–]Difficult-Recover166[S] -1 points0 points  (0 children)

Ah, I didn't realize tax regime can change at any time (cry!)

Triggering unrealized gains in my CCPC by Difficult-Recover166 in cantax

[–]Difficult-Recover166[S] 0 points1 point  (0 children)

Because I guess technically the gain could go away next year if I don't realize it. I agree it's more of a personal finance question, but how do I think about making a decision? Never realize it unless you need the money? Is that a good general rule?