RE:RE:Meg vs CPGAnother perspective might be that taxation is a consideration, but in itself should not rule your investment/harvesting decisions.
One example would be foregoing an investment that by odds has a materially better payback than the current one - it does not make sense to hold.
Another would be not selling an investment that is declining in value, simply because you will trigger taxation. In this case, the investor is sitting on huge gains, but what if the investment class goes sour and you are faced with a decision to sell everything at once? Or it's a trap, the investments level off and then go nowhere, and you continue to hold dead money.
Looking at the taxation tables, pay attention to where you are going to land. Rates are pretty stable between $156K and $221K, so really no difference where you land in here. Better if you can wiggle below $156.
Also consider your future year position. If you are sitting on 4X gains that equates to hundreds of thousands (or more, in the case of some of our heroes that bought in at the bottom) to realize in the next few years, then you are going to get pinched at some point.
Finally, if it's just damn time to party like it's 1999, buy the lambo, upgrade the house, or move to Thailand for 6 months to get the full body upgrades that you have been planning for, then just do it.
MigraineCall wrote: Both are good. Own both and hold them. Churning an account does not help much in my opinion.
Selling one for another creates a capital gain, and if this is going to be a big year for oil stocks as we are just getting started, you need to look forward and pace your gains in order to spread the tax hit out over as many years possible.
It has only been 8 days, and good/bad for me, 2022 is maxed out 4x already in gains for me tax wise. If I sell anything more this year, for every dollar, I'll be paying 48% tax on my other income, and paying 34% on eligible dividends which has now stopped me making any selling trades from now on for the next 50 weeks in 2022. I'm forced to hold long term now.
Another risk is that if MEG or another company gets bought out, all your gains on that stock get booked in that year, which could bite you back extremely bad come tax time.
This is the chart one should be worried about. Select your own province and look at total tax:
https://www.taxtips.ca/taxrates/ab.htm Cheers
ratsnake220 wrote: i am seeking opinions here.....i own a very oveweight postion 3 x my Meg position....should i move some from CPG to Meg....how do you compare the two? Seriouslly i am not a sophistitcated gas and oil investor...but i study it alot but CPG is doing well and highly regarded too