Bombardier Inc. T.BBD.A

Who are the real winners?

[clubhouse19]

When I look at the difference during the last 12 months between my trading shares and those held long, it is no contest really as percent wise those long shares are clearly the winner. 
  Trading is a way, as I see it, gives you the chance to mitigate against the horse play as we have seen recently with the temporary drop to below 1.50 and bring in some ready profits.
  I am sure others see it the same way and surely beats just watching the ticker and charts.

[BePatient4now]

Cluby, that was beautiful!! Thanks for sharing lol!!!

[bicente]

I dabbled in day trading with pot stocks and others and it's just not as profitable as staying long in a bear market ... when the chit hits the fan you need to react quick and sometimes you're left holding the bag with no chance to recoup ... the strong stocks always make the dips right back up ... today's trading is full of newbies and solo flyers which makes the day-trading gig

[bicente]

We all know I meant bull market right ? ... sorry ... go bomber ... glta quote=bicente]I dabbled in day trading with pot stocks and others and it's just not as profitable as staying long in a bear market ... when the chit hits the fan you need to react quick and sometimes you're left holding the bag with no chance to recoup ... the strong stocks always make the dips right back up

[lb1temporary]

Just a little advice. This year, I red and took advice about the taxation rules for ''frequent trading''.  2021 was an exceptionnal year with a strong recovery for the markets (like 2009); a very good year for the tax controllers too. As some Bombardier players will have big returns.  Contrary to some thoughts it's not only by the day trading that's qualify

[Shamhorish]

Ib1, , thank you for sharing,  YOU SAID "TFSA, it is full gain for them." \ Do they tax gain in TFSA too, i thought AS the name say TAX FREE , SO GAIN IS FREE

[MyNameIsNobody]

Sham - Unless the gvt as found some loophole or weird reason to tax the TFSA it's 'full gain'... for us... probably what lb1 meant. However they do not like people using it for active trading (business style).  I believe they wanted it to be some sort of RRSP available to everyone (Not dependent on money earned % wise)

[Shamhorish]

Mynameisnobody, , thanks, my understanding is that money earned or gained in TAX FREE SAVING account = free of taxation,,,, now those Bast*rd may say yes it is tax free saving  but no trading  so if you earn money in this account as interest , so the interest is free,  if you earn money in this account from trading then it is not saving account so you will ne taxed!!!!!! 

[Shamhorish]

Mynameisnobody,, by the way, it was a good movie :-)

[MyNameIsNobody]

lol... yeah... one of those movies, still good but not as good as it was for me when I was a kid.  Still like the bantering between Jack and Nobody though  :)

[lb1temporary]

It's tax free but not if you use it for an ''enterprise operation''; these programs ( TFSA, RRSP, RESP) are for investment not betting actively.  If you are been catched out of the rules, you lost the tax advantages. But like I wrote, they need to prove that you act with a clear pattern of ''frequent trading'' 

[bicente]

the govt left it vague in order to catch the traders and will do so ... don't daytrade in a TFSA or RRSP/ RESP  , and short term trades will be considered as taxable income  , believe it or not ...I use an accountant who is scared of his own shadow so I'm safe ... I've been audited 3 times and they could do was tax me on the food I consumed ( that I bought at work)  at

[clubhouse19]

I don't know about your accountant, in a rrsp, the money does get taxed eventually anyways when it has to be converted. Not any different than if your money in the RRSP was put into some kind of fund whether it be equity or not.  I found this before I answered the above The bottom line Yes, you can day trade in your RRSP. But doing so could cause a tidal wave of problems that haunt

[bicente]

"Instead, choose your TFSA or an unregistered account for your foray into day  trading "  ... that will definately get you into tax trouble ... we've had this discussion before and my accountant  has looked into it , many different reasons can be used to tax your TFSA . If you use it as a way to earn a living , if you daytrade , if you are in the financial field , and

[flamingogold]

Don't do it, day trading in your TFSA will eventually raise a flag with auditors. Generally I wait 30 days between buying back the same security and even then I am cautious. The rule is slightly vague because they want it that way. Post covid is leaving us with a historic amount of debt and the Fed Libs are going to go after the easy targets that no one will have sympathy for like the wealthy

[balmusette]

It would surprise me if they would go after the real wealthy; they don't have a good score for bringning to court those who hide  money in the fiscal paradises. If my memory is right, we have the worst score among the countries whose rich citizens use the fiscal loopholes. It is simply too much work; it is exausting... . As for going after the pseudo wealthy , namely the middle class

[Micmar]

REER as been decided few years ago that you can trade with it since you pay taxes anyway when you take money out and that you could have claimed losts.  But CELI since they can’t have taxes if you trade a lot with it they will get you.   (it’s been many years so don’t take my word for it).  In february 2021 I purshased 79k shares in my CELI and never touched so hope that I am right.

[momocau]

D'apres moi tu avais droit a 75,000.00$ en 2021 mais tu aurais droit a 81,500.00$ en 2022. Regarde le tableau . bonne journe https://www.qtrade.ca/fr/investor/education/investing-articles/tfsa-trading/how-to-determine-your-tfsa-contribution-limit.html