RE:RE:RE:Interesting Well said Nedstar71.
Yup the trudeau govt will take a good chunk of your profits here in capital gains taxes. Also remember the same Trudeau govt increased the capital gains taxes this past June from 50 percent to 66 percent on any sell orders where you gained a minimum $250k profit on that 1 trade. You need to be extremely careful on your sell orders and decide when/if to sell or just let it ride instead.
TFSA holdings are exempt however only if you do NOT use that account as a regular trading account but instead as a usual buy and hold account or as a very "infrequent trading vehicle." The CRA will indeed check the history of your TFSA holdings and trading activity to see if you are using it for the intended use of a long term investment or to profit regularly from trading purposes.
I noticed the very unusual volumes in several engineering and construction companies today. Hmmmm? My guess is this has nothing to do with year end "tax" strategizing purposes (we still have over 30 plus days to sell for tax purposes) but instead this has something more pronounced happening in this sector in terms of buyouts or JV strategic alliances in advance of the very public awareness by now of the huge public spending infrastructure spree. Sure some of that money has already been earmarked and is already in progress with activity happening. However a good portion of it has not yet been public knowledge to us retail investors but the big institutional money probably got wind of it today and started jumping in now. If it was 1 company with significant increased volumes then it's easy to focus solely on that company and explore further. But this is a sector wide huge volume up day. There is more to this than meets the eye imo. We shall find out pretty quick what the mystery is. All good if your holding shares imo. Always let your winners ride wild horses!!
We are still about 3-5 years of solid E&C buildout ahead. That's what my employer is forecasting out too. It's still a very robust outlook ahead. We need staff and labourers to build it. That's the only shortfall ahead. They will figure out a way to find the workforce to do the work. Hold onto your shared imo. The best gains I am convinced are still to come.
Ron