TSX:CHE.DB.E - Post by User
Comment by
Red_Deeron Jan 09, 2024 1:35pm
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Post# 35817762
RE:RE:Definition of a bagholder
RE:RE:Definition of a bagholderbttmfischer wrote: Well ol-griz you are lucky to drop only $4500/ I have 16k of this, most of them purchased when it had a 10% plus cash distribution. It is not even a stock, so you don't get any dividend tax credit.
I hope I'll live long enough to break even. Fortunately I have are others (stocks) with gain.
Hey BottemFischer__
Actually we DO GET Some Dividends and
Some Tax Credits. Looking at my 2022 Tax Return slips__I see we Got 60 Cents per share Total Income
and Out of THAT
we Got 0.21396 Cents as a NON-Qualified Dividend Being a NON-Qualified Dividend means that IT IS Marked Up ONLY
1.15 times for the
TAXABLE INCOME__Compared to
1.38 times for a QUALIFIED Dividend
ASLO the
DIVIDEND TAX CREDIT is LESS for Our NON-Qualified Dividend__ONLY
9.0301 % vs
15.0198 % for the QUALIFIED Dividends