Cash out stock options and move to TFSA?

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Investing

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I currently have about 20k in vested stock options sitting in a solium account. With more options vesting in the next 3 years. I am expecting the company share price to rise over these 3 years. My plan was to wait until all options were vested in 3 years, cash them out and put that amount on my mortgage (310k current) when I’m up for renewal around the same time since interest rates are likely going to be higher. My coworker is telling me I should cash my options out as soon as they vest and move the money into my TFSA to allow it to grow tax free. Does anyone have any history or thoughts on this? Thanks.

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Adorable_Mind1632

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Posted: 2 years ago
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