Big Banc Split Corp T.BNK

Alternate Symbol(s): T.BNK.PR.A

The investment objectives for the Preferred Shares are to provide their holders with fixed cumulative preferential monthly cash distributions in the amount of $0.05 per Preferred Share ($0.60 per annum or 6.0% per annum on the issue price of $10.00 per Preferred Share) until November 30, 2023 (the Maturity Date) and to return the original issue price of $10.00 to holders on the Maturity Date. The Company will invest on an approximately equally-weighted basis in Portfolio Shares of the following publicly traded Canadian banks: Bank of Montreal; Canadian Imperial Bank of Commerce; National Bank of Canada; Royal Bank of Canada; The Bank of Nova Scotia; and The Toronto-Dominion Bank. The Portfolio will generally be rebalanced on a quarterly basis, starting on September 30, 2020, so that as soon as practicable after each calendar quarter the Portfolio Shares will be held on an approximately equal weight basis.

TSX:BNK - Post by User

Big Banc Split Corp > Same kind fear two months ago

<< Previous

Bullboard Posts

Next >>

Comment by RockLobster1on Aug 17, 2016 11:42pm

116 Views

Post# 25152849

RE:RE:RE:RE:Same kind fear two months ago

waitingstill wrote: Can you clarify "best to do your TFSA each year"? What do you mean by that (I know what a TFSA is). And why $380k? TIA

yes that was an odd confusing post... who has $380k in their TSFA??

There is nothing to file on a TSFA, no tax payable... no 3 or 10 year rules etc as for regular accounts.

You can trade away in the TSFA, the only rule that was abused was some were putting in big deposits and trading them and then removing or paying the penalty (1% a month). So those few people got in trouble with the CRA. Doesnt apply to 99.9999999% of us.

if you 'ask a tax accountant' about these things he will laugh and you and charge you....

<< Previous

Bullboard Posts

Next >>

How to navigate the ups and downs of investing in AI