Bombardier Inc. T.BBD.A

Tax implications

[Luckyeleven]

First of all if you have capital gains in a non registered account you have to pay tax once the stock is sold. You can actively trade in your RRSP all you want and the TFSA is fine to trade in as long as it's down to a few times a week if that's what you want to do. Percentage of taxes don't change just becasue you trade. For sure there is the chance to get  looked at if you are making 150 trades a quarter in your TFSA but most of us know what and when to actively trade and in what account if we have been trading for years. Not sure what all this has to do with BBD and it's poor performance except using any excuse as a deflection. Sounds like sour grapes to me complaining about some making some money while one holds and making nothing but losing 40% from it's high. I would like to thank those so concerned about enlightening folks about the tax implications but don't think they should be giving financial advice here especially ones that have been holding this stock for years.

[MyNameIsNobody]

LE - Sending it back to you: I'm not sure how having held Bombardier's stock for years disqualifies anyone on commenting about tax issues. See... your arguments aren't really that effective. You should have stopped writting just before mentionnign Bombardier's poor performance.

[NoNameAtAll]

That is not how tax works.  You may think that you only have a capital gain and pay taxes on a capital gain, but the reality is the Income Tax Act puts an onus on you to figure out if you truely are entitled to treat it as a capital gain or if you are in the business of buying and selling shares.  CRA can look whenever it wants and decide if you were right or not.  And when they do,