Comments on: What to Expect in the Budget? http://www.canadiancapitalist.com/what-to-expect-in-the-budget-2/ Helping you invest and prosper Sun, 12 Feb 2012 00:54:40 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Canadian Capitalist http://www.canadiancapitalist.com/what-to-expect-in-the-budget-2/#comment-117056 Canadian Capitalist Tue, 26 Feb 2008 22:21:42 +0000 http://www.canadiancapitalist.com/2008/02/25/what-to-expect-in-the-budget-2#comment-117056 I just got lucky. I always thought the Tax Free Account was a really good idea and wondered why the conservatives didn't reprise the idea for their last election platform. I'm glad they brought it back instead of some half-baked idea on capital gains exemption. I just got lucky. I always thought the Tax Free Account was a really good idea and wondered why the conservatives didn’t reprise the idea for their last election platform. I’m glad they brought it back instead of some half-baked idea on capital gains exemption.

]]> By: Rob http://www.canadiancapitalist.com/what-to-expect-in-the-budget-2/#comment-117053 Rob Tue, 26 Feb 2008 21:19:18 +0000 http://www.canadiancapitalist.com/2008/02/25/what-to-expect-in-the-budget-2#comment-117053 nice call CC...and at Feb 26, 2008 at 10:51 am no less - impressive nice call CC…and at Feb 26, 2008 at 10:51 am no less – impressive

]]> By: 0xCC http://www.canadiancapitalist.com/what-to-expect-in-the-budget-2/#comment-117052 0xCC Tue, 26 Feb 2008 21:12:10 +0000 http://www.canadiancapitalist.com/2008/02/25/what-to-expect-in-the-budget-2#comment-117052 Well CC, you nailed it... http://www.cbc.ca/news/background/budget2008/#s1 Tax free account that can be contributed up to $5,000 per year. Well CC, you nailed it… http://www.cbc.ca/news/background/budget2008/#s1

Tax free account that can be contributed up to $5,000 per year.

]]> By: Canadian Capitalist http://www.canadiancapitalist.com/what-to-expect-in-the-budget-2/#comment-117003 Canadian Capitalist Tue, 26 Feb 2008 16:07:59 +0000 http://www.canadiancapitalist.com/2008/02/25/what-to-expect-in-the-budget-2#comment-117003 nobleea: You're right. Here's the relevant section from E*Trade's FAQ: <a href="https://www.canada.etrade.com/pages/retire/rrspFAQ.shtml#CanITrade" rel="nofollow">Link</a> Sorry for the error. I've personally never traded options. nobleea: You’re right. Here’s the relevant section from E*Trade’s FAQ:

Link

Sorry for the error. I’ve personally never traded options.

]]> By: nobleea http://www.canadiancapitalist.com/what-to-expect-in-the-budget-2/#comment-117001 nobleea Tue, 26 Feb 2008 16:03:13 +0000 http://www.canadiancapitalist.com/2008/02/25/what-to-expect-in-the-budget-2#comment-117001 I have traded calls and puts in my RRSP account that were not covered. I have traded calls and puts in my RRSP account that were not covered.

]]> By: Canadian Capitalist http://www.canadiancapitalist.com/what-to-expect-in-the-budget-2/#comment-116999 Canadian Capitalist Tue, 26 Feb 2008 15:55:00 +0000 http://www.canadiancapitalist.com/2008/02/25/what-to-expect-in-the-budget-2#comment-116999 FT: I doubt it. They may have a list of qualified investments just like RRSPs. IIRC, you are only allowed to write covered calls in a RRSP. What are you doing trading in your savings account anyways? :) FT: I doubt it. They may have a list of qualified investments just like RRSPs. IIRC, you are only allowed to write covered calls in a RRSP. What are you doing trading in your savings account anyways? :)

]]> By: MillionDollarJourney http://www.canadiancapitalist.com/what-to-expect-in-the-budget-2/#comment-116995 MillionDollarJourney Tue, 26 Feb 2008 15:00:39 +0000 http://www.canadiancapitalist.com/2008/02/25/what-to-expect-in-the-budget-2#comment-116995 CC, that would be an interesting account as one could trade options, or day trade within the account without any taxation. CC, that would be an interesting account as one could trade options, or day trade within the account without any taxation.

]]> By: Canadian Capitalist http://www.canadiancapitalist.com/what-to-expect-in-the-budget-2/#comment-116994 Canadian Capitalist Tue, 26 Feb 2008 14:51:08 +0000 http://www.canadiancapitalist.com/2008/02/25/what-to-expect-in-the-budget-2#comment-116994 My bet is on the Tax Prepaid Registered Savings account. No tax break on money that is put in but no tax on withdrawals either. The nice thing about the plan is that there is no revenue hit right now. They'll put a maximum, say $5,000 that can put in the account every year. Politically, it will be an easier sell than something specific for capital gains, which critics will call a tax break for the rich (with some justification because only a small percentage of households have any significant capital gains to declare). My bet is on the Tax Prepaid Registered Savings account. No tax break on money that is put in but no tax on withdrawals either. The nice thing about the plan is that there is no revenue hit right now. They’ll put a maximum, say $5,000 that can put in the account every year. Politically, it will be an easier sell than something specific for capital gains, which critics will call a tax break for the rich (with some justification because only a small percentage of households have any significant capital gains to declare).

]]> By: 0xCC http://www.canadiancapitalist.com/what-to-expect-in-the-budget-2/#comment-116991 0xCC Tue, 26 Feb 2008 14:01:27 +0000 http://www.canadiancapitalist.com/2008/02/25/what-to-expect-in-the-budget-2#comment-116991 I think they have put themselves in a very tight spot here. The $12 billion that they have spent in GST cuts have squeezed them to the point where it will be difficult to do anything for investors. Plus those GST cuts aren't really showing up in a lot of everyday purchases. Anyone see that Marketplace episode a couple of weeks ago about that? There are a lot of companies out there that have 'adjusted' their prices so the pre and post GST cut price to consumers is the same, they just get to increase their after-tax revenue by 1% or 2%. It doesn't work out to a whole lot for a bunch of items (like a $2.00 newspaper or even a $9.50 movie ticket), it is just that consumers are still paying the same amount, the government just isn't collecting it anymore. And maybe today they will cry poor and not come up with anything for investors (which I think would be a very dangerous move for them). I think they have put themselves in a very tight spot here. The $12 billion that they have spent in GST cuts have squeezed them to the point where it will be difficult to do anything for investors. Plus those GST cuts aren’t really showing up in a lot of everyday purchases. Anyone see that Marketplace episode a couple of weeks ago about that? There are a lot of companies out there that have ‘adjusted’ their prices so the pre and post GST cut price to consumers is the same, they just get to increase their after-tax revenue by 1% or 2%. It doesn’t work out to a whole lot for a bunch of items (like a $2.00 newspaper or even a $9.50 movie ticket), it is just that consumers are still paying the same amount, the government just isn’t collecting it anymore. And maybe today they will cry poor and not come up with anything for investors (which I think would be a very dangerous move for them).

]]> By: Eric http://www.canadiancapitalist.com/what-to-expect-in-the-budget-2/#comment-116986 Eric Tue, 26 Feb 2008 13:22:55 +0000 http://www.canadiancapitalist.com/2008/02/25/what-to-expect-in-the-budget-2#comment-116986 I wonder if 'family heirlooms' mean billion dollar family fortunes. I wonder if ‘family heirlooms’ mean billion dollar family fortunes.

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