anarchist

Two Must-Have Canadian Income Trusts for High Dividend Diversification

I have signed up to have access to the Toronto Exchange with Interactive Brokers LLC which is an online discount brokerage. I haven't traded on the TSE yet so not sure how well it will work but there are a variety of exchanges available. The fees at Interactive Brokers are the best I have seen (can't quote any as I did that once and the comment disappeared). I have three accounts with IB, two of which I have had for three or four years and have no complaints at all. If you need charts, graphs, star ratings and the likes you won't find much of that information at IB as it's pretty much a no frills operation but executions are fast and accurate in my experience.


On May 14 02:58 AM Cliff Wachtel wrote:

> Hmm. Very good point. First, I believe these should NOT be in an
> IRA since you lose the IRS tax credit for the 15% Canadian withholding
> tax for non-Canadians.
>
> Second, you offer an excellent future blog idea - how non-Canucks
> can best access the tsx directly. Suggestions, dear readers? I suspect
> there are easy solutions. Will make inquiries as time permits and
> publish my findings. The issue should be addressed. Ideally, I'd
> like to find an online broker that trades on all the major exchanges.
> They generally don't because each exchange has its own filing/registration/co...
> procedures, and the online brokers try to run a lean operation.<br/>
>
> Third, the commissions are a problem only if you're doing a lot of
> trading on small positions. If you're not doing lots of trading or
> taking positions over $5k (and thus getting about $450 if overall
> yield is 9%) then the fees shouldn't stop you. But you're right to
> seek a better deal.
>
> Will try to research as time permits. Cliff

Two Must-Have Canadian Income Trusts for High Dividend Diversification

ok, i see that question was answered.


On May 15 10:06 AM anarchist wrote:

> Cliff, what is the yield on the dividend paid by ATPWF.PK? When
> I look at Yahoo finance or MSN money there is not dividend or yield
> information just a "NA".
> Thanks

Two Must-Have Canadian Income Trusts for High Dividend Diversification

Yes, I agree. Lets say you buy 1000 shares of AAV @ 3.41/share and have a pre-Canadian tax yield of 11.7% or $400 (rounded off) so after the Canadian Government takes their 15% pound of flesh you are left with about 340 which is still 9.97%. Maybe I have forgotten something so would appreciate any corrections.


On May 14 03:16 AM arthurofchicago wrote:

> Cliff,
>
> I am buying CanRoy's for my SEP IRA. Even with the 15% up front
> hit the returns are decent. They still compare favorably with some
> stateside MLPs but it is neck and neck on as to the pipe line companies.
> I own a little of both to spread my risk.
>
> If held in a regular taxable account, I would get a rebate on the
> 15% but then I would owe Uncle on teh income so I see it as a wash.

Two Must-Have Canadian Income Trusts for High Dividend Diversification

Cliff, what is the yield on the dividend paid by ATPWF.PK? When I look at Yahoo finance or MSN money there is not dividend or yield information just a "NA".
Thanks