Red_Deer wrote: Humanist wrote: hello red deer,
i've recently been paying attention to bip and was waitinf for it to drop again to buy, but when i saw the split thing, bc i heavn't been following it, i am not sure what to do.
I would appreciate your opinion on the what is better at this point in your opinion thx
i don't post much and this is my first on this board.
thx & gl to all
Both BIP.UN and the newly released BIPC will likely trade up and down quite closely
with regard to share price__thus I would ONLY get BIPC when buying into a non-registered
account__and ONLY get BIP.UN in a registered account where you of course could also
get some BIPC.
The reason for NOT having any BIP.UN in a non-registered account is that I found the
Annual Tax Reporting is VERY convoluted as BIP.UN is a Limited Partnership with its
own Tax Form__and also much of the income is non dividend income thus taxed 100%
Whereas the new BIPC will pay out dividend income which is not only VERY EASY to
report each year on your Tax Return__but also has the HUGE benefit of the Dividend
Tax Credit which basically reduces your taxes payable by over half compared to the
100% you end up paying on BIP.UN income.