RE:FOBI Arbitrage TradesA follow-up (IMPORTANT) comment.
In the example provided, if you're selling from a Non-Registered Account, and plan on taking your new FOBI LIFE share and depositing the new shares back into your Non-Registered account, you may have to forgo any benefit of a potential Tax Loss Benefit for 2024 if you sell existing shares and buy/deposit FOBI LIFE shares into the same, Non-Registered account in less than 30 days. The Tax Loss Benefit may not apply in the case of this Arbitrage. Do your own DUE DILIGENCE and/or check with your FIDUCIARY Financial Advisor.
Further to my previous disclosure in this thread, I am not CA/CPA or any kind of an Accountant or Tax Accountant specialist. Again, do your own DUE DILIGENCE and/or check with your FIDUCIARY FINANCIAL Advisor.
Cheers and stay informed, jdfm22