RE:RE:RE:RE:MarginNewinvestor4562 wrote: Hi Red_Deer, could you please clarify this for me? If I am paying 5.119% using margin with Interactive Brokers, would this mean that after tax I would only be paying about 2.119% in interest? I am new to this, thanks
Hey NewInvestor__
IF You are in BC__AND You are in the TOP TAX BRACKET
THEN Your AFTER TAX Interest Rate Would be 2.38%
IF You are in OTHER Province And/Or are NOT in the Top Tax Bracket__THEN
Your Interest Rate WOULD Be MORE Than 2.38%