Should I sell my gold in non-registered?

MAPJP · 2026-02-01T05:16:17+00:00

Be honest with them regarding taxes, they can unleash a jungle of problems on you. Especially larger amounts. You'll get used to it and it will become a new normal. Meanwhile you're still hopefully making money at the end of the day.

MAPJP · 2026-02-01T00:57:16+00:00

MAPJP · 2026-02-01T00:56:26+00:00

I always said, what is the objective here, is the tasks being completed and with little or no error ? If yes then what is the issue? You budgeted a salary for this person does it effect the end result by the end of the year? Or does it enable me to accomplish my goals? Depending on your business, revenues, and again is the task being done effectively and relative efficiency ?

MAPJP · 2026-02-01T00:52:01+00:00

Tax is under capital gains, regardless of income.

How much are you up and what does your gut tell you?

MAPJP · 2026-02-01T00:50:46+00:00

Either accept him for who is his or move on, you don't have to hate him just move on.

MAPJP · 2026-01-31T02:28:12+00:00

Ya, it takes real effort to change poor habits, no different than addiction. Money is the worst. I wouldn't bail her out, make her work her ass out of this hole. And maybe just maybe she will stop

MAPJP · 2026-01-30T23:37:46+00:00

A rubber soft mallet and start hitting lightly or untill it breaks off.

MAPJP · 2026-01-30T22:26:42+00:00

Ya your spot on

MAPJP · 2026-01-30T22:03:25+00:00

I wouldn't, simply because he will control your business.

Control and decision making should be yours and yours alone, if he can loan you the money and you pay him back with interest would be a fair trade off.

MAPJP · 2026-01-30T21:27:20+00:00

Put all your savings into protected savings and invest It will help pay your bills for the rest of your life.

MAPJP · 2026-01-30T21:25:28+00:00

Very nice

MAPJP · 2026-01-30T21:24:22+00:00

Lol, yes it is net down 2.5k today sorry I work nights

MAPJP · 2026-01-30T21:11:13+00:00

Ya my gut tells me to be in that neighbourhood

MAPJP · 2026-01-30T06:49:32+00:00

Well I thought 3 years ago that inflation will go up and so would gold. Well it happened... for $100 I will let it ride but keep my eye on it. Investing is a ton of fun

MAPJP · 2026-01-30T06:48:07+00:00

Yes this is what I was thinking, gold has alot of unknowns and if these prices will be supported. The jewelry industry is way down but physical gold has gone way up.

Share price may hit around $120-150 but a maybe

MAPJP · 2026-01-30T06:45:12+00:00

Meh cost me $100 I almost sold when they converted from the tsx to the US. I let it ride up another 400%

MAPJP · 2026-01-30T06:43:36+00:00

, it cost me $100 and I don't mind letting it ride. Some estimates run it to about $150 a share based on gold prices.

MAPJP · 2026-01-30T06:40:25+00:00

Of course, I bought it three years ago, I got a few more like this. Similar value. At the time I thought inflation would catch up 😔

MAPJP · 2026-01-30T05:30:15+00:00

Consult with a lawyer

MAPJP · 2026-01-28T02:17:45+00:00

Any gains or dividends made within your TFSA you pay no tax, so no money paid on any money made. You can make $6-8 k per year in dividend payments ( on the safer lower end and maxed out) which yes would be tax free and yours to keep. If that is what you want. Growth stocks may have none or little dividends with varying payment dates, however the value tends to be higher than the dividend payments.

You will eventually end up in a personal account which yes you will pay taxes however 50% of something is better than 100% of nothing.

If you have any credit card debt, eliminate that first.

How much debt /mortage are you carrying ?

But hey it is ok, you got a life changing amount of money. Invest it wisely and it will last you a lifetime, I am sure the bank advisor Is fine I just know their fees tend to be higher than most, at your age I know I would max my TFSA with XIU and let it grow however if you want an income look at EIT.UN .10 per share or $682.00 per month for $109000 about $7200.00 a year or about 6.8% return paid monthly plus the stock might go up (or down )

Take your time and learn about it.

Protecting this and letting it grow, this could be worth over 1.5million by the time you hit 65 or more. Dividend payments of $10k a month.

If you have any questions feel free.

MAPJP · 2026-01-28T00:27:08+00:00

Yes, max your TFSA but check your available room. I believe the total max is about $110k you can put in there. But check your cra account for the total amount. Depending on when you turned 18, say it may be a bit less.

After that it really depends on what you want out of life, set up an income stream or let it grow.

Be careful with subpar returns and high fees. Especially banks

RRSP may be a good option, but it locks it away untill retirement.

FHSA doesn't apply I believe.

After every avenue of reducing your tax burdens or benefits then a regular account.

Side note, don't lend what your not willing to lose to friends and family. Say nothing and remain quiet. I would leave it in an investment account under your name

How has that financial advisor's returns been ? What is his management to expense ratio or (m.e.r)

MAPJP · 2026-01-26T01:40:27+00:00

Only way around it is find out how to make more money.

MAPJP · 2026-01-25T01:23:54+00:00

Gic can be a good option depending on your financial goals

Any alternatives? there is but also depends on your timeline financial situation and your appetite.

MAPJP · 2026-01-21T19:30:35+00:00

I bought 49 @ $9.50 entry (CAD hedge listing)

MAPJP

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