TSX:LSG.DB - Post by User
Comment by
borne2runon Feb 02, 2016 12:19pm
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Post# 24516436
RE:RE:RE:$1.40 Ceiling
RE:RE:RE:$1.40 CeilingIt's a tough call here as I tend to buy on pullbacks.
Above par, I would only buy the debs for a registered account.
Why?
If the price of the shares do not climb above $1.40, the debs will be redeemed at par.
In a regular account, the interest received would be taxable as income and the loss ($8) would be treated as a capital loss.
No net gain, but you owe the taxman.