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Canadian Western Bank T.CWB

Alternate Symbol(s):  T.CWB.PR.B | CBWBF | T.CWB.PR.D | CWESF

Canadian Western Bank is a diversified financial services company. It provides full-service business and personal banking, specialized financing, comprehensive wealth management offerings, and trust services. It offers specialty business banking services for small-and medium-sized companies with a focus on general commercial, equipment financing, construction financing, commercial real estate financing, real estate construction and project financing and equipment financing and leasing. It also provides full-service personal banking options, including chequing and savings accounts, loans, mortgages and investment products. Its banking services include online banking, ATM banking, creditor insurance, resources for seniors and order cheques online. Its CWB Business Advantage Account and CWB Business Unlimited Account offer solutions for day-to-day banking and 24/7 online access. It has its operations in British Columbia, Alberta, Ontario, Saskatchewan, Quebec, Manitoba and others.


TSX:CWB - Post by User

Comment by Mountainpose1on Jun 12, 2024 12:36pm
113 Views
Post# 36085065

RE:RE:Buy more?

RE:RE:Buy more?The main problem in my opinion is that the capital gain is a "Ballon Payment" meaining all the tax hits in the year of the sale. The gains may have taken 15 years to accrue. I believe you should be allowed to spread the gains over a number of years but not less than 5 years if the holding was 5 years or more. Why the tax all in the same year?
The increased tax rate will also force corporations the adjust their pricing for IPO's to a lower price/multiple to compensate for the increased taxes. 
There is also the behavioral problem of being unwilling to sell an overpriced security to avoid the taxes.
Lots of other problems as well...
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