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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

Comment by ChupacabraBuenoon Aug 18, 2016 9:47am
72 Views
Post# 25153590

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

RE:RE:RE:RE:RE:Same kind fear two months agoRock, re. "You can trade away in the TFSA" - IMO it should be as simple as that. But this FP article from Dec 1014 casts doubt as to whether trading too successfully or frequently is safe: ["Tax-free savings accounts, created just five years ago by the Harper government as a tool that would allow Canadians to grow retirement investments while sheltered from capital gains taxes, are increasingly being challenged by Canada Revenue Agency auditors targeting investors that show large gains in their account. The CRA is also hitting investors with audits if they trade too frequently for the agencys comfort. The CRA has argued that investors who use their TFSAs for frequent trading and earn large gains are effectively running a trading business, and should be taxed on income. The sudden growth in CRA scrutiny has triggered concern from the Investment Industry Association of Canada, which recently complained of insufficient guidelines for TFSA investors to determine whether theyve run afoul of tax rules, in a letter to the Finance Department and the director general of the Canada Revenue Agency (CRA)."] https://business.financialpost.com/personal-finance/tfsa/canadians-with-too-many-wins-in-their-tfsa-being-targetted-by-cra?__lsa=1028-8382
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