Sienna Senior Living Inc LWSCF

Primary Symbol: T.SIA

Healthcare

Sienna Senior Living Inc. is a Canada-based senior living provider. The Company offers a full range of senior living options, including independent living (IL), assisted living (AL) and memory care (MC) under its Aspira retirement brand, long-term care (LTC), and specialized programs and services. The Company owns and operates senior living residences in the Provinces of British Columbia, Saskatchewan and Ontario. The Company owns and operates a total of approximately 82 senior living residences: 40 retirement residences (RRs) (including the Company's 50% joint venture interest in 12 residences in Ontario and Saskatchewan); 34 LTC communities; and eight senior living residences providing both private-pay IL/AL and funded LTC (including the Company's joint ownership in two residences in British Columbia). The Company also provides management services to an additional 12 senior living residences in the Provinces of British Columbia, Ontario and Alberta.

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Sienna Senior Living Inc > Covid 19 and Sienna Preparedness

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Comment by flamingogoldon Sep 12, 2023 10:20am

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Post# 35631319

RE:RE:RE:RE:RE:RE:Covid 19 and Sienna Preparedness

Despite it's naming, the TFSA is not for savings. Stuffing a GIC inside a TFSA is wasted contribution room. Instead, I would suggest higher risk investments since every penny made is yours to keep. SIA not only pays you more today to hold than a GIC but the opportunity for capital gains growth is greather than the downside and the gains will far outweight even the distributions. A win-win.

itsalie wrote: GIC in a tfsa or rrsp is not taxable.. you can lock in at the term you choose.. 5-6% guarenteed return is not bad and certainly better than SIA has returned in the last year..

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