Canoe EIT Income 4.80 Cumulative Redeemable Pref shs Series 1 ENDTF

Special div

[InvestingFool50]

Has anyone seen the adjustment from this??

[Gord_Alberta]

The "special" dividend is only relevant to accountants while filing our taxes. None of us will see anything... No cash, no additional shares, etc...

[SuperDude2]

This post has been removed in accordance with Community Policy

[bcsc]

Maybe it is time to stop your whining and take corrective action. As has been explained to you, unless you are a high income Canadian, you are penalized for all distributions other than interest income in a registered account, since you cannot claim the dividend tax credit nor capital gains reduction.  Because you haven't bothered to find out all the rules of the game are you going to

[Jtpatrol1]

Man this "Super-dud" is dumb...  you really should let the pros handle your $50.00 portfolio, you are obviously are not qualified  

[Larrymartin77]

[Gord_Alberta]

I do not make the rules; the Government of Canada does. TFSA = Irrelevant no matter where growth comes from. Withdrawals are 100% tax free RRSP = Irrelevant no matter where growth comes from. Money is taxable when one makes withdraws Investment account = Growth is taxed every year. Not taxed when used...

[bubba9]

Gord...You are mostly correct however I found out the CRA doesn't like you making tons of money in your TFSA. If you make too many trades and basically too much money because of it, they can say that you operated the account as a business and tax you. A friend of mine made millions off one stock in her TFSA and will be a test case.  I don't have to worry for obvious reasons..

[Gord_Alberta]

Agreed; one must know the rules. Last year, my wife purchased one stock in her TFSA. I purchased two stocks & sold one. I suspect EIT monthly dividends in a DRIP plan are not considered a trade; so are irrelevant...

[SuperDude2]

This post has been removed in accordance with Community Policy

[GassXX]

Gord makes an excellent point