RE:RE:RE:RE:RE:RE:2022 Third Quarter Results on November 4The tax treatment makes a big difference.
If it is a TFSA I doubt the total is very consequential either way given the limited contribution threshold.
If it is an RRSP then you pay full rate when it all comes out anyway.
Any losses incurred in an RRSP (like a TFSA) are yours and yours alone and I personally would not hold equities there but whatever works for you.
In a non-registered account the taxes on dividends can be up to 1/3 less.
In a non-registered account taxes on capital gains are 50% less.
For those making large incomes in htigh tax brackets the savings can be substantial.
For those in the lowest tax bracket it will save at least 7.5% tax and ultimately increase their ROI over a GIC.
It is whatever works....not just for me.
ENB is a better investment than a GIC anyway you slice it.
Trading is a job. It is not my job.
ENB pays me enough as it is and that is more than a GIC. Way more.
Go Enbridge! ;-)
silkos wrote: Interesting you put it that way. While you are right, you are also wrong. Selling high and getting back in at a discount is not a bad thing, regardless of the tax consequences. But then again, whatever works for you is best.
Quintessential1 wrote: It didn't cost me a cent. No capital gain and no capital loss until you sell son, boy, DF. LOL
The return is $3.44 per share per year with an eligable government tax credit.
That beats a 4% GIC taxed at the full income rate all year no matter what part of the year you calculate the yield from.
ENB is just a great investment. I know it . You know it (you're here and invested right....right!)
All those suckers gathering around outside looking in hoping to get in know it.
Oh yeah, Go Enbridge! ;-)
FiddyFiddy wrote: How much in share price did that 86 cent dividend cost you ?
Your capital woulda been preserved, and you woulda made 1 % this quarter in a 4 % GIC.
GIC for the win.
Yeah, i rest my case.....
Blow Enbridge......
Lil Quinny wrote:"Oh I don't know why not son.
After all we can hardly blame ENB when the entire market drops now can we?
At least they are paying that $.86 per share per quarter or $3.44 per share per year.
Thats approaching 7%. Beats your lousy 4% GIC all day son!
Go Enbridge! ;-)"