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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 19, 2016 10:07am
97 Views
Post# 25158128

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

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Same kind fear two months ago
QUANTUMJUMP wrote: Sorry for opening that can of worms 

my response "talk to a tax expert" has been proven by some of these posts 

in terms of trades , they will have every single trade . 


Yes, they have every single trade - but just the sell transaction it seems. -Why? They don't need the buy side & probably don't want it. It's not the job of the CRA to do your accounting or minimize your taxes. In the absence of evidence to the contrary the CRA can simply assume a 0 cost and maximize the taxes payable on a security sale. It is the citizen's obligation/duty to do the accounting and tax planning necessary to minimize their taxes. -GLTA
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