Q: Does TDB2915 money market fund need to be
included in the form 1135 reporting to the CRA
Thanks
included in the form 1135 reporting to the CRA
Thanks
Q: Hi again Peter
Re this money market fund, if i sell it all, can i purchase another one of a different series at the same institution before the 30 days are up? That is if i can find one without a trailing fee for a short ownership period.
Thank you again
Re this money market fund, if i sell it all, can i purchase another one of a different series at the same institution before the 30 days are up? That is if i can find one without a trailing fee for a short ownership period.
Thank you again
Q: Hi Peter - I've gotten some more info re my question yesterday on the subject of the 'phantom distribution',
TDAM confirmed that the Notional distribution will increase the book value and that the distribution is a capital gain.
To me this means that I must dispose of all the shares in order to realize the capital loss and can only apply it to the 2025 tax year. Is this correct? And since only 50% of capital gains/losses are taxed, then for a USD 10,000 Notional distribution the benefit is really only USD 5,000 that can be applied as a capital loss. Is this correct? And if I was to claim a capital loss, I'd have to wait 30 days before I could repurchase TDB2915. Is this correct?
I should be grateful for the unexpected distribution, but overall it looks more like a 'poor man's' dividend to me.
Many thanks again for your much appreciated views.
TDAM confirmed that the Notional distribution will increase the book value and that the distribution is a capital gain.
To me this means that I must dispose of all the shares in order to realize the capital loss and can only apply it to the 2025 tax year. Is this correct? And since only 50% of capital gains/losses are taxed, then for a USD 10,000 Notional distribution the benefit is really only USD 5,000 that can be applied as a capital loss. Is this correct? And if I was to claim a capital loss, I'd have to wait 30 days before I could repurchase TDB2915. Is this correct?
I should be grateful for the unexpected distribution, but overall it looks more like a 'poor man's' dividend to me.
Many thanks again for your much appreciated views.