Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum Converge Technology Solutions Corp T.CTS

Alternate Symbol(s):  CTSDF

Converge Technology Solutions Corp. is a services-led, software-enabled, information technology (IT) and cloud solutions provider. Its global approach delivers advanced analytics, artificial intelligence (AI), application modernization, cloud platforms, cybersecurity, digital infrastructure, and digital workplace offerings to clients across various industries. It supports these solutions with... see more

TSX:CTS - Post Discussion

View:
Post by retiredcf on Jun 24, 2024 9:10am

Scotiabank

The strategy team at Scotiabank uncovered a change in investor tax harvesting,

“The June 25 deadline for the implementation of the new capital gains tax in Canada is approaching quickly. As a reminder, capital gains in excess of C$250,000 will use an inclusion rate of 67% instead of 50% when applying the marginal tax rate. High-net-worth Canadians could thus potentially generate tax savings by engaging in an early tax loss harvesting strategy ahead of the deadline ... However, Canadian YTD stock winners (YTD to May) have generated unusual losses in June. Meanwhile, YTD losers are also suffering more than the benchmark. In our view, selling pressure on both winners (capital gains) and losers (capital losses) could be interpreted as tax loss harvesting to lock in, and limit, any net taxable gains at the 50% inclusion level while resetting the cost basis of the investment ... Proceeds from tax loss harvesting need to be reinvested, often in correlated names/ETFs … Our previous work on the subject highlighted that names which see tax loss harvesting in December typically enjoy a recovery in the next two months”

The team listed Veren Inc., Nexgen Energy Ltd., Cenovus Energy Inc., Tourmaline Oil, Advantage Oil and Gas Ltd., Peyto Exploration and Development Corp., Methanex Corp., Magna International, Ivanhoe Mines Ltd., Teck Resources Ltd., Linamar Corp., Brookfield Corp., Intact Financial Corp. and Converge Technologies Solutions as potential bounceback candidates.

Comment by Pears3250 on Jun 26, 2024 2:52pm
Its June 26th and still dumping
Comment by ideaguy on Jun 27, 2024 10:27am
Patience my friend I've been loading up on this great price!  Their will be pockets of the market that will succeed... I feel like cts is one of them. I know the company is doing well, based on their earnings reports / files... Share price right now doesn't reflect the true earnings power.
Comment by Pears3250 on Jul 12, 2024 10:18pm
Its been only going down since Q1 earnings were released. Hoping q2 can save us
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities