RE:RE:RE:RE:The Old CPG Hoover Vacuumhighalpha1 wrote: @Bpultra: Are you sitting on an ACB lower than the current share price or are you trading in a registered account? Just wondering how you deal will capital loss, if and when there are any.
I am trading in a non-registered account. I have been tempted to sell some in the high $5s and try to buy back lower but haven't yet summoned the courage to as the global economy is just in the midst of reopening.
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I was trading in a margin account (cash) but never used Margin last few years.... when the crash of CPG .. (below $1) I took a chance and trasfered to an unused TFSA that had loads of buying power .. you take the hit on the margin account because the move is done at book value .. but at the same time I added more cash to the TFSA... so all gains from 88 cents to my last big sell at 5.68 have been inside TFSA... now will see next year if CRA has eough man power to say I am making a businees out of the TFSA ... but they didn't mention anything when I lost a whack in the TFSA a few years back... but betting when they see the value of my TFSA .. red flags will pop up everywhere .. and they will start digging.. and if I have to take a percentage hit due to trade vol.. then so be it ... even if that happens I am still better than huge captial gains tax.. I still have some off setting captial gain looses i can use up from years back due to some business clean-up .. I can battle with them about... but I also think with covid.. and how the free money they handed out... and GST and PST and cerb .. they are going to have thier hand full .. lol .. I hate the CRA as much as banksters ... I also fight with both all the time .. all I can tell you do not live in fear of the CRA... give them no respect ... because they are so crooked you have no idea ... I have beat them twice !!!