Initial investment is after tax but you get a tax refund so in effect you lent out money to the government interest free. The government thanks you for that.
Canadian banks are safe from tariffs but not to the recession that may happen if they stay in place for an extended time frame.
In Canada, I assume you can adjust withholding if an employee or estimated taxes so you don't get a refund. I always pay but am careful to avoid any penalties instead of giving the government an interest-free loan.
Everyones afraid of big bad Trump boogeyman. He's doimg whats best for the USA long term. They dont stop to realize that our country got WAY too reliant on other countries, therefore we dont have any leverage and must now take dildo up arse.
Nope.
The answer is straight forward
tax free is not the same as tax deferred. One is no tax and the other is tax later. Huge difference.
Carney is not pro Canadian energy. His action at Bank of England and his own words tell the tale. His book Values would shock most Canadians. He is a wolf in sheep's clothing, and his agenda is very much as a climate activist. The difference with Trudeau and Carney is that Carney is academically smart, he is more astute, while Trudeau was a better politician and easily manipulated and controlled his cabinet. The reason for the short campaign is to minimize the time that Canadians get to understand Carney, while riding a wave of Liberal support.
Brk.b has been up ~16% since Trump took office, the volatility of the stock looks less than that of the S&P 500. Buffet croaking is a big risk though.
While Canadian banks remain secure, the broader economy is on uncertain ground. With Trump the psychopath at the helm, the global financial landscape could take a turbulent turn. This volatility may create opportunities amid the chaos, but it also carries the risk of a worldwide recession. In such uncertain times, maintaining 60% cash can serve as a prudent hedge against economic instability. Just before the April 2 tariffs, it is best wait for more stable times.
When Biden took office, he halted the XL pipeline project. In contrast, Trump supports the oil industry and plans to expand drilling, which would increase the demand for pipeline transportation. Additionally, Canada is moving forward with new pipeline projects to facilitate the export of its oil to European and Asian markets. As a result, the outlook for pipelines and pipeline support companies appears strong.
I don't think thats it. People are moving money into stocks that will not likely be affected by tariffs, and pipeline transport is one of those.
IMHO, holding 60% cash in a portfolio is way too much!! At least with dividend etfs like XDV, XDIV, etc etc you get a monthly distribution. 'You're getting paid to wait,"
