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be beneficial if you knew in advance so that you can decide for yourself the weight you want to assign to any particular information they present? As part of your due diligence in identifying paid promoters take a note also of those that like/support their positions regularly on social media – you just may see a pattern not only in the IDs but also the timing of the support.
Most important of all is that I am not suggesting any intentional wrongdoing by such individuals. This monthly article is titled “From the Retail Investors’ Perspective” and would a retail investor want to know if a paid promoter has a potential conflict of interest such as when commenting on a company that is a client about a material event such as a takeover offer? The point is, paid promoters are generally there for the benefit of themselves first and for their clients second.
The ACB – CMED – HIP scenario appears as a case study this month.
Now for taxes.
First of all, as a member of CPA Canada, I must plainly and clearly state that this is not to be taken as tax advice of any kind. Every person’s situation is different and what may be suitable to one person may be completely unsuitable to another. Consult a professional directly with respect to your own specific situation. All values, calculations, and scenarios that follow are illustrative only to convey the concept and principle only.