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Hard to say

Hard to say, without knowing your full portfolio, long/short term plans, adversity to risk, etc, etc. I'm not familiar with the history of that income trust.

Personally, I've maxed out my TFSA with a high interest savings account, that I keep as an emergency fund. In future years, I plan to make changes as there's only so much emergency fund you need. They say 3 months salary is enough.
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