Headwater Exploration Inc CDDRF

Tax tail wagging the investment dog

[riski]

This price action is related to the capital gain tax changes that were voted into law yesterday. Somebody wants to save 6% net tax by locking in gains before June 23rd on a low volume day. There might be more of that over the next 10 days. It's a great opportunity to grab their shares.

Saving 6% will look foolish when HWX trades over $10.

[longtermholder6]

That's right..... The feds are suckering the fools to sell before the 25th to build up the coffers for a fall election!!!!!!

[longtermholder6]

Meant to post 25 fall election........  That is when 66 MP's quailify for that gold plated pension.

[malx1]

Canada has been irreparably harmed by its Liberal govt.     Garbage in, garbage out.    

[riski]

The funds don't get the 250k threshold that retail gets, so they face the full brunt of the new changes. Still, it's only 6% of total CG so maybe a 2% difference for return on capital. Not really something to get that excited about with something that can be as explosive as this - returning double that in a single trading day sometimes. But bankers love their clever ideas and they are all

[largeone]

Would be stupid to save a little on taxes by selling now.. The ex-dividend date is June 28th for .10c a share which at the current level is .10/6.88=1.45%.   So if they sell now to save 2% on their taxes  it makes little difference.  Better to to just shove it in your RRSP TFSA accounts, sure its an immediate capital gain doing that but you keep your shares and your upcoming

[longtermholder6]

That's right but those of those milquetoast sellers are too stupid to understand that.