Canoe EIT Income 4.80 Cumulative Redeemable Pref shs Series 1 ENDTF

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

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.

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Canoe EIT Income 4.80 Cumulative Redeemable Pref shs Series 1 > Special div

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Comment by bubba9on Jan 27, 2022 10:58am

329 Views

Post# 34366579

RE:RE:RE:RE:Special div

Gord...You are mostly correct however I found out the CRA doesn't like you making tons of money in your TFSA. If you make too many trades and basically too much money because of it, they can say that you operated the account as a business and tax you. A friend of mine made millions off one stock in her TFSA and will be a test case. I don't have to worry for obvious reasons..

Gord_Alberta wrote: I do not make the rules; the Government of Canada does.

TFSA = Irrelevant no matter where growth comes from. Withdrawals are 100% tax free
RRSP = Irrelevant no matter where growth comes from. Money is taxable when one makes withdraws
Investment account = Growth is taxed every year. Not taxed when used...

SuperDude2 wrote: If you dont cosider this SPECIAL DIVIDEND both discrimatory and one sided then you need to reevaluate and give your head a shake