Q: Good morning,
BEP,UN is classified as energy in portfolio analytics, should it not be under utilities?
Thanks for the unique service you provide followed your suggestion on NVDA after 2 splits my cost base is 3.80$ only problem is the taxman with clawback at 91 000 already reached and at 107 000 combined rates plus clawback in quebec is 65 % ????
I put all the money, work, risks for one third of profit!!
I see no way around this do you have any suggestion or resources to address this.
I won't ventilate to much as my language would not be proper.
Thank you !
BEP,UN is classified as energy in portfolio analytics, should it not be under utilities?
Thanks for the unique service you provide followed your suggestion on NVDA after 2 splits my cost base is 3.80$ only problem is the taxman with clawback at 91 000 already reached and at 107 000 combined rates plus clawback in quebec is 65 % ????
I put all the money, work, risks for one third of profit!!
I see no way around this do you have any suggestion or resources to address this.
I won't ventilate to much as my language would not be proper.
Thank you !
5i Research Answer:
There are two main sector classifications. The TSX puts BEP.UN under 'energy' and portfolio analytics generally follows the TSX in most cases. It is a bit of a hybrid, though and certainly has some utilty characteristics. On NVDA there is really no way to avoid taxes but splitting sales over two calendar years could help (i.e selling some in December and some in January).
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in NVDA.