Comments on: My Smith Manoeuvre – February Update http://www.thefinancialblogger.com/my-smith-manoeuvre-february-update/ This is where your finance takes place Tue, 07 Oct 2008 09:32:16 +0000 http://wordpress.org/?v=abc By: The Financial Blogger | The Real Benefit From Mutual Funds http://www.thefinancialblogger.com/my-smith-manoeuvre-february-update/#comment-2316 The Financial Blogger | The Real Benefit From Mutual Funds Mon, 21 Apr 2008 10:01:08 +0000 http://www.thefinancialblogger.com/my-smith-manoeuvre-february-update/#comment-2316 [...] to beat the market with mutual funds. It is just tough to find those very rare fund managers (like Sprott for example [...] [...] to beat the market with mutual funds. It is just tough to find those very rare fund managers (like Sprott for example [...]

]]> By: The Financial Blogger | My Smith Manoeuvre – March Update http://www.thefinancialblogger.com/my-smith-manoeuvre-february-update/#comment-2192 The Financial Blogger | My Smith Manoeuvre – March Update Fri, 04 Apr 2008 15:14:19 +0000 http://www.thefinancialblogger.com/my-smith-manoeuvre-february-update/#comment-2192 [...] in order to prepare my taxes. This is where I realize that having a separate account for my Smith Manoeuvre was a real charm. It took me 2 minutes to pull out the statement and calculate the amount of [...] [...] in order to prepare my taxes. This is where I realize that having a separate account for my Smith Manoeuvre was a real charm. It took me 2 minutes to pull out the statement and calculate the amount of [...]

]]> By: Veteran Military Wife at Life Lessons of a Military Wife http://www.thefinancialblogger.com/my-smith-manoeuvre-february-update/#comment-2089 Veteran Military Wife at Life Lessons of a Military Wife Wed, 19 Mar 2008 12:33:58 +0000 http://www.thefinancialblogger.com/my-smith-manoeuvre-february-update/#comment-2089 This blog post has been included in the "Carnival of Money Stories #51" at Life Lessons of a Military Wife. Hope you will drop by and read some of the many other wonderful entries received this week! This blog post has been included in the “Carnival of Money Stories #51″ at Life Lessons of a Military Wife. Hope you will drop by and read some of the many other wonderful entries received this week!

]]> By: The Financial Blogger http://www.thefinancialblogger.com/my-smith-manoeuvre-february-update/#comment-2013 The Financial Blogger Tue, 11 Mar 2008 00:36:21 +0000 http://www.thefinancialblogger.com/my-smith-manoeuvre-february-update/#comment-2013 Hey FT; here is what I found on the Sprott Small Cap distribution policy: In each calendar year, the Fund will distribute to its investors a sufficient amount of the Fund’s net investment income and net realized capital gains so that the Fund will not pay any income tax. The net investment income and the net realized capital gains of the Fund will be distributed annually in December to the Fund’s investors. All distributions paid to an investor of the Fund will be reinvested automatically in additional units of the Fund at the net asset value without any fee. Will; In order to avoid this issue, you are better off with mutual funds. Most of them will distribute a part as interest (look at the explanation on the Sprott Small Cap above). It is true that Qc gov is limiting us for the interest deductibility :-( This is the price to pay to live in the Province of Snow ;-D Cheers :-) FB Hey FT;
here is what I found on the Sprott Small Cap distribution policy:

In each calendar year, the Fund will distribute to its investors a sufficient amount of the Fund’s net investment
income and net realized capital gains so that the Fund will not pay any income tax. The net investment income and
the net realized capital gains of the Fund will be distributed annually in December to the Fund’s investors. All
distributions paid to an investor of the Fund will be reinvested automatically in additional units of the Fund at the
net asset value without any fee.

Will;
In order to avoid this issue, you are better off with mutual funds. Most of them will distribute a part as interest (look at the explanation on the Sprott Small Cap above).

It is true that Qc gov is limiting us for the interest deductibility :-( This is the price to pay to live in the Province of Snow ;-D

Cheers :-)
FB

]]> By: Will http://www.thefinancialblogger.com/my-smith-manoeuvre-february-update/#comment-2011 Will Mon, 10 Mar 2008 20:28:25 +0000 http://www.thefinancialblogger.com/my-smith-manoeuvre-february-update/#comment-2011 I came across your blog a couple of months ago while reading about the SM, and have been enjoying your posts. Being that I'm also a Quebecer, I was reading about how Revenue Quebec limits the amount of interest you can deduct to a maximum of your investment income for the year. Correct me if I'm wrong, but wouldn't that mean that if you owned shares for the purpose of capital gains, you would either have to sell them each year to be able to claim as much of a refund as you can, or simply carryforward the loss to a year when you have more investment income (which means you have to delay any refunds)? I came across your blog a couple of months ago while reading about the SM, and have been enjoying your posts.
Being that I’m also a Quebecer, I was reading about how Revenue Quebec limits the amount of interest you can deduct to a maximum of your investment income for the year. Correct me if I’m wrong, but wouldn’t that mean that if you owned shares for the purpose of capital gains, you would either have to sell them each year to be able to claim as much of a refund as you can, or simply carryforward the loss to a year when you have more investment income (which means you have to delay any refunds)?

]]> By: MillionDollarJourney http://www.thefinancialblogger.com/my-smith-manoeuvre-february-update/#comment-2008 MillionDollarJourney Mon, 10 Mar 2008 13:01:23 +0000 http://www.thefinancialblogger.com/my-smith-manoeuvre-february-update/#comment-2008 I'm also a big fan of the sprott small caps fund. Do you know if this fund has any distributions? I'm particularly interested if it contains any Return of Capital. FT I’m also a big fan of the sprott small caps fund. Do you know if this fund has any distributions? I’m particularly interested if it contains any Return of Capital.

FT

]]>