Ivanhoe Mines Ltd T.IVN

I hate

[UNKLAL]

to have to sell this legacy stock, but I have a large capital gain built up here!!! I will not let the Grits pick up another 16.67% capital gains tax from my non-registered trading accounts!!! In my opinion this stock is going to start paying dividends in the not to distant future, so I'll be back right after this joke of a gov't. extracts it's pound of flesh in capital gains tax; which by the way I'm sure is already spent. jmo UNKLAL

[Cobalt]

Oh so sad pay up 1%er , and thanks ;)

[NotSoBrave004]

The first $250k of capital gain is only 50% inclusion rate annually. Only the portion above $250k is subject to 2/3 inclusion rate. Just saying...

[crow27]

Unless you need the money I would just let it ride, governments change and so do policies. There will be backlash to this so wait and see as IVN just keeps climbing.

[kitchensink2]

I agree,  once you dispose of an investment,  there will be a tax.  Shorts are the once who will feel the most pain.  Here's hoping the conservative government will reverse this stupid policy.

[Moemoney42]

I haven't had a chance to read through the details, so what you're saying is we individuals have a $250K / year buffer that resets every year.. so in essence I could claim $249,999 in cap gains each year at 50% tax rates..???

[crow27]

that's the way i read it

[Cobalt]

Correct and anything over is taxed at 66.6%

[NotSoBrave004]

that's exactly what i am saying. Read up a bit. i also agree, you shouldn't sell, but i dont want to get into your business. IVN will run much higher. Just saying...

[NotSoBrave004]

to be clear, if your gain is $250,001 then only $1 is subject to 2/3 inclusion rate for income purposes. the $250k will be taxed as $125k income (50% of $250k). donno what the future will bring in terms of legislation, this is it though from June 25, 2024.

[guarantor1]

And don't forget that most here can "Income Split" with their wives So  effectively, you would have to have a capital gain of $500k before the higher rate kicks in

[BeingCensored]

And us "smart shareholders " whom have been here a number of years and hold a lot of shares should just hang on to them and use a line of credit against them to live off. Don't think they tax debt.   Let our kids deal with the debt and the capital gains after we're dead.   If you hold 50,000 plus shares and there's a dividend coming down the conveyor belt

[Whatwouldudo]

All my IVN growth are in TFSA and RRSP, bought at $0.66.

[UNKLAL]

Hey Cobalt you'll never become a 1%'er with that outlook when it comes gov't. taxing measures. My comments were based on non-registered shares held in a small business. The plans I have going forward with these capital gains were to fund another small business that would employ more Canadians!!! So in future keep your sneed remarks to yourself. UNKLAL

[Cobalt]

I was fishing for sensitivity Thanks for the laugh :)