Bank of Nova Scotia T.BNS

Alternate Symbol(s): BNS

Financial Services

The Bank of Nova Scotia (the Bank) is a Canadian chartered bank. The Bank's segments include Canadian Banking, International Banking, Global Wealth Management, Global Banking and Markets, and Other. The Canadian Banking segment provides a full suite of financial advice and banking solutions. The International Banking segment is a diverse franchise offering financial advice and solutions to retail, corporate and commercial clients. The Global Wealth Management segment is focused on delivering comprehensive wealth management advice and solutions to clients across the Bank's footprint. The Global Wealth Management segment serves investment fund and advisory clients across 13 countries. The Global Banking and Markets segment provides corporate clients with lending and transaction services, investment banking advice and access to capital markets. The Other segment includes Group Treasury, smaller operating segments and corporate items which are not allocated to a business line.

TSX:BNS - Post by User

Bank of Nova Scotia > Should I borrow to buy BNS?

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Comment by whodathunkiton Nov 30, 2021 7:16pm

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Post# 34182786

RE:RE:Should I borrow to buy BNS?

It doesn't have to be through a margin account to be tax deductable. It just has to be borrowed to earn taxable income. Where ever you can get your cheapest rates is where you should borrow. Keep in mind taxable income means through a non registered account. Borrowing to put into your RRSP or TFSA is not tax deductable.

Cheers.

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