Canoe EIT Income 4.80 Cumulative Redeemable Pref shs Series 1 T.EIT.PR.A

Alternate Symbol(s): T.EIT.PR.B | ENDTF | T.EIT.UN

Financial Services Asset Management

Canoe EIT Income Fund (the Fund) is a Canada-based closed-end investment trust. The investment objectives of Fund are to maximize monthly distributions relative to risk and maximize net asset value, while maintaining and expanding a diversified investment portfolio, primarily through acquiring, investing, holding, transferring, disposing of or otherwise dealing with or in equity and debt securities of corporations, partnerships, or other issuers and such other investments as the manager may determine in its sole discretion from time to time. Canoe Financial LP is the manager and portfolio manager of the Fund.

TSX:EIT.PR.A - Post by User

Canoe EIT Income 4.80 Cumulative Redeemable Pref shs Series 1 > Registered accts and Tax free accts lose , benefit ???

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Comment by Karren411on Dec 27, 2021 5:52am

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Post# 34263282

RE:RE:Registered accts and Tax free accts lose , benefit ???

bcsc wrote: There is no Diviidend Tax credit on holdings in Registered accounts or TFSAs which affect far more securities and individuals than this. Also no foreign tax credit on US dividends subject to withholding tax in TFSA. Oh, and lets not forget that the 50% (current) Capital Gains exclusion does not apply to Registered accounts either, the full capital gain is taxable at the marginal tax rate when withdrawn.
The Canadian public has been oversold on the benefits of registered accounts.

Well said, thumbs up

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