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Suncor Energy Inc T.SU

Alternate Symbol(s):  SU

Suncor Energy Inc. is a Canada-based integrated energy company. The Company's segments include Oil Sands, Exploration and Production (E&P), and Refining and Marketing. Its operations include oil sands development, production and upgrading; offshore oil production; petroleum refining in Canada and the United States; and the Company’s Petro-Canada retail and wholesale distribution networks (including Canada’s Electric Highway, a coast-to-coast network of fast-charging electric vehicle (EV) stations). The Company is developing petroleum resources while advancing the transition to a lower-emissions future through investments in lower-emissions intensity power, renewable feedstock fuels and projects targeting emissions intensity. The Company also conducts energy trading activities focused primarily on the marketing and trading of crude oil, natural gas, byproducts, refined products and power. It also wholly owns the Fort Hills Project, which is located in Alberta's Athabasca region.


TSX:SU - Post by User

Comment by Experiencedon May 12, 2023 11:17pm
143 Views
Post# 35446657

RE:RE:RE:RE:Daily swings and your TFSA - OT

RE:RE:RE:RE:Daily swings and your TFSA - OTHark...I think your last sentence is the important one.

CRA is not going to go after "Joe Blow" cause the cost of enforcement and the actual payoff in terms of additional tax revenue has to be worth their while.

In a TFSA, given how much money people can put into them even cumulative from the beginning, you would have to have significant outsized gains from active trading to capture attention from CRA.  A very small and select group of people would fit into this category.

The average taxpayer/investor in a TFSA would have to be very unlucky to be audited by CRA in this regard.  So I wouldn't lose any sleep over this.
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