RE:RE:RE:RE:RE:RE:Good summary indivinvestor1 wrote: Hi,
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- I am lucking to have an average cost between $19-$20, so I have sold 10-15% of my position to capture some gains but it would be nice to think longer term with the name even though it will come with a some red tape/headaches:
- Foreign Exchange Risk
- Possibly having to fill out the T1135 tax form for foreign property over $100,000
- Possible unfavorable tax treatment on the dividend
The currency risk is probably neutral or positive in favor of us given how Brexit has devalued the GPB but if thing really turn worse in terms of a 'hard brexit" the GPB could fall further.
If you own any US listed stocks or those not listed on a Canadian exchange you will have to fill out an 1135 it is no big deal and you can do it yourself if your bank gives you a proper statement with each stock broken down by currency.
The dividend would be foreign income and taxed as regular income which is worse than a Canadian Dividend as you know.