How to Optimize Your Canadian Investments for the Year Ahead
How to Optimize Your Canadian Investments for the Year Ahead
With this in mind, it makes sense to prioritize holding non-tax-efficient assets in these accounts. Real estate investment trusts (REITs), like Optimization is great—until it's not. Over-tinkering with your portfolio can lead to analysis paralysis and unnecessary drag on your returns, thanks to bid-ask spreads and trading commissions. Sometimes, the best move you can make is to simply do less.
優化很棒，但事實並非如此。由於買賣差價差和交易佣金，過度修改投資組合可能會導致分析癱瘓和不必要的回報拖累。有時候，你能做的最好的舉動就是少做點什麼。
That said, I've noticed some common mistakes that Canadian investors keep making, especially when it comes to taxes. These errors can quietly chip away at your efficiency and your returns. Here's a look at two key examples to fix in 2025 so you can optimize your portfolio for the year ahead.
話雖如此，我注意到加拿大投資者不斷犯的一些常見錯誤，尤其是在稅收方面。這些錯誤會悄悄削弱你的效率和回報。以下是2025年需要修復的兩個關鍵示例，這樣您就可以優化來年的投資組合。
Keep REITs and bonds in a registered account
將REITS和債券保存在註冊賬戶中
Canada's three main registered accounts—the Registered Retirement Savings Plan (RRSP), the First Home Savings Account (FHSA), and the Tax-Free Savings Account (TFSA)—all share a critical feature: any investment gains earned in these accounts, whether from capital gains, dividends, or income, are sheltered from taxes. You don't need to file a T5 or pay any taxes on your returns.
加拿大的三個主要註冊賬戶——註冊退休儲蓄計劃（RRSP）、首次住房儲蓄賬戶（FHSA）和免稅儲蓄賬戶（TFSA）——都有一個關鍵特徵：這些賬戶中獲得的任何投資收益，無論是資本收益、分紅還是收入，都免稅。您無需申報T5或爲申報表繳納任何稅款。
With this in mind, it makes sense to prioritize holding non-tax-efficient assets in these accounts. Real estate investment trusts (REITs), like Canadian Apartment Properties Real Estate Investment Trust, or bond funds, such as BMO Aggregate Bond Index ETF, are best kept here.
考慮到這一點，優先在這些賬戶中持有不節稅的資產是有意義的。REITS（REIT），例如加拿大公寓地產REITS，或債券基金，例如BMO綜合債券指數ETF，最好保留在這裏。
Why? In a non-registered account, distributions from these assets are often categorized as interest income. Unlike dividends or capital gains, interest income is taxed at your full marginal rate. Keeping REITs and bond funds in a registered account allows you to avoid this tax hit, leaving more money in your pocket.
爲什麼？在非註冊賬戶中，這些資產的分配通常被歸類爲利息收入。與股息或資本收益不同，利息收入按全額邊際稅率徵稅。將REITS和債券資金存入註冊賬戶可以避免這種稅收衝擊，從而在口袋裏留下更多的錢。
Buy U.S. stocks and ETFs in a RRSP
以註冊退休儲蓄計劃購買美國股票和交易所買賣基金
Here's a little-known fact: if you own U.S. stocks—whether directly or through an exchange-traded fund (ETF)—in a TFSA, you'll lose 15% of the dividends before they even hit your account.
這是一個鮮爲人知的事實：如果你在免稅儲蓄賬戶中擁有美國股票，無論是直接持有還是通過交易所交易基金（ETF），你都將在股息存入賬戶之前損失15％。
That's because Uncle Sam and the IRS apply a withholding tax on U.S. dividends, and unfortunately, they don't recognize the TFSA as a tax-sheltered account. Unfair, right?
那是因爲山姆大叔和國稅局對美國股息徵收預扣稅，不幸的是，他們不承認免稅儲蓄賬戶爲避稅賬戶。不公平，對吧？
The good news is that this doesn't apply to the RRSP. The IRS recognizes RRSPs as tax-deferred retirement accounts, which means U.S. dividends flow into them tax-free.
好消息是，這不適用於註冊退休儲蓄計劃。美國國稅局將註冊退休儲蓄計劃視爲延稅退休賬戶，這意味着美國股息免稅流入其中。
So, if you want to avoid losing 15% of your dividends to Uncle Sam, consider converting your CAD to USD and buying something like Vanguard S&P 500 ETF within an RRSP. It's a simple switch that can save you money in the long run.
因此，如果你想避免將15％的股息損失給山姆大叔，可以考慮將加元兌換成美元，然後在註冊退休儲蓄計劃中購買Vanguard S&P 500指數ETF之類的股息。從長遠來看，這是一個簡單的開關，可以爲您省錢。
譯文內容由第三人軟體翻譯。
