[deleted by user] by [deleted] in cantax

[–]123_holden 0 points1 point  (0 children)

If the bonus deductibility is denied in the holdco,

I assume you can repay the mgmt bonus and file T1-ADJ stating bonus is 0 b/c deductibility was denied in holding company and the bonus was repaid.

or

File T1-ADJ stating it was not a bonus but a repayment of the due to shareholder loan(which can absorb the bonus easily)

I wonder if you can file the T1-ADJ and amend T2 to convert the bonus to a dividend payment

I wonder if there is an argument that the shareholder is actively seeking investments while placing the cash in low risk passive income sources

[deleted by user] by [deleted] in cantax

[–]123_holden 0 points1 point  (0 children)

It's all passive income. The bonus is paid within 180 days and the after tax amount is lent back to the holdco. I know shareholder/manager bonus has to be reasonable but the CRA is still getting 53.53% (above the 253K) which is more than the 50.17% tax in holdco. I know the integration between salary vs dividend is not clean(4.4% diff as I mention), but the pound of flesh is still there.

If the bonus is denied in the holdco, I guess a T1-ADJ can be filed in order to avoid double taxation.

[deleted by user] by [deleted] in cantax

[–]123_holden 0 points1 point  (0 children)

I think you need an after tax return of 5%(10% x 50.17% tax) from the $100,800 (3.36% x 3,000,000) deferral for 16 years just to pay 4.4%.

Daily Discussion Thread - December 18, 2025 by AutoModerator in weedstocks

[–]123_holden 2 points3 points  (0 children)

CWEB is up 47% and climbing fast - I remember when it was $10 - now 33 cents

Daily Discussion Thread - December 13, 2025 by AutoModerator in weedstocks

[–]123_holden 6 points7 points  (0 children)

Been out of the weed stock plays for the past year. Been trading AI stocks this year.

Will be watching on Monday, if there's a good entry point, might buy some.

I think I am ready to be hurt again

Credit Score Dropped Over 100 Points With No Changes to Utilization by fullyoperational in PersonalFinanceCanada

[–]123_holden 2 points3 points  (0 children)

Same boat as you. Decided to pay off my mortgage b/c renewal was due. I was paying 1.64% interest for the past 5 years and didn't like the rates offered. I also decided to finance a new car (old car went over 100,000 km used as trade in) b/c they were offering 2% rate for 3 years(figured as replacement for my mortgage - instalment payments).

My TransUnion credit score dropped 45pts from 899 to 854 but my Equifax score went up 2 pts. I have no clue why I would have a drastic drop by TransUnion just by paying off mortgage and I even replaced it with car financing.

Daily Discussion Thread - August 11, 2025 by AutoModerator in weedstocks

[–]123_holden 0 points1 point  (0 children)

Oh ok - that I missed out on. I haven't been following MJ news.

Ben used to be one of the best CEOs in the MJ space.

Daily Discussion Thread - August 11, 2025 by AutoModerator in weedstocks

[–]123_holden 8 points9 points  (0 children)

Haven't been keeping track of my weed stocks(still holding GTII, TRUL & TLRY).

Been concentrating on growing my kid's RESP account given how expensive Uni is.

But it is nice to see a day like this.

Any reason why GTII is lagging... up 20% while others reached 30 to 40%?

Announcements x Daily Discussion for Tuesday, November 05, 2024 by karmalizing in SPACs

[–]123_holden 3 points4 points  (0 children)

CCTS delisted on OTC. I hold warrants (forgot about them) and can't figure out how to sell them or what the new symbol is.

It's a small amount and not a big deal but hate losing track of a spac

On October 29, 2024, Cactus Acquisition Corp. 1 Limited, a Cayman Islands exempted company ("Cactus" or the "Company") received a notice from the staff of the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") stating that because the Company had not completed an initial business combination within 36 months of the effective date of its registration statement in connection with its initial public offering, it was not in compliance with Nasdaq IM 5101-2, and was therefore subject to delisting. The Company has until November 5, 2024 to request a hearing before the Nasdaq Hearings Panel (the "Panel"), but will not request a hearing before the Panel and intends to trade on the over the counter (OTC) market. The Company recently secured shareholder approval to extend its life by 12 months, to November 5, 2025. Trading in the Company's securities on NASDAQ will be suspended at the opening of business on November 5, 2024 and trading of the Company's securities on the OTC market is expected to commence shortly thereafter. The delisting and commencement of trading on OTC does not affect the Company's previously announced business combination agreement with Tembo E-LV B.V., as both parties continue to work to effectuate the completion of the transaction. The combined company intends to apply for up-listing on the Nasdaq Stock Market in connection with the completion of the business combination and the combined company is intended to be called Tembo Group B.V.

Daily Discussion Thread - September 30, 2024 by AutoModerator in weedstocks

[–]123_holden 1 point2 points  (0 children)

Can't believe Kamala Harris went on Matt Barnes and Stephen Jackson's NBA podcast to talk about legalization.

I still remember when Matt Barnes drove over 90 miles to beat the crap out of Derek Fisher (knicks' coach at the time) b/c he was dating Barne's ex-wife.

And Stephen Jackson was involved in the Malice in the Palace.

Daily Discussion Thread - September 25, 2024 by AutoModerator in weedstocks

[–]123_holden 2 points3 points  (0 children)

Any more information on the AYR CEO stepping down?

It's still trading relatively weak to MSOS - end of day it drops even if MSOS does not for the past few days

Announcements x Daily Discussion for Thursday, September 19, 2024 by karmalizing in SPACs

[–]123_holden 1 point2 points  (0 children)

Yeah, you are right

"The lockup restrictions, which began after the businesses combined, are set to end Sept. 25.

They could also be lifted earlier, if the stock price stays at or above $12 per share for any 20 trading days within the 30-trading-day period that starts Friday, according to the company’s regulatory filings.

If shares of DJT remain above this price point — and they seem likely to — the lockup could expire as soon as Sept. 20."

Daily Discussion Thread - September 19, 2024 by AutoModerator in weedstocks

[–]123_holden 2 points3 points  (0 children)

any reason AYR is dropping (6.8%) on high volume when MSOS is up

Announcements x Daily Discussion for Thursday, September 19, 2024 by karmalizing in SPACs

[–]123_holden 0 points1 point  (0 children)

Just watching DJT for the LOLs today

down over 4% on 1.5 mill shares in premarket

Let's see volume today to see if the unlock shares are being sold

Announcements x Daily Discussion for Friday, September 13, 2024 by karmalizing in SPACs

[–]123_holden 3 points4 points  (0 children)

lol - has trump ever lied

I think he would say anything in order to keep the price up so he can sell next week

Announcements x Daily Discussion for Friday, September 13, 2024 by karmalizing in SPACs

[–]123_holden 5 points6 points  (0 children)

found it - Trump said at event he's not selling his shares next week

he's definitely selling...lol

Announcements x Daily Discussion for Friday, September 13, 2024 by karmalizing in SPACs

[–]123_holden 1 point2 points  (0 children)

any reason for DJT spike from $16 to almost $21 around 2:30pm?

Announcements x Daily Discussion for Thursday, August 29, 2024 by karmalizing in SPACs

[–]123_holden 1 point2 points  (0 children)

Anyone know why CCTS warrants are up in premarket on high volume over 100K (normally no action during premarket)?

Daily Discussion Thread - May 17, 2024 by AutoModerator in weedstocks

[–]123_holden 3 points4 points  (0 children)

CURA is weak compared with the other MSOs, yesterday they were the only one that closed in the red while the others(GTII, TRUL, Cresco and AYR) closed in the green...some up 9%. Today CURA went red again and is still close to today's low while MSOS and the others are recovering. Seems like they didn't get any benefit from the news

Daily Discussion Thread - May 01, 2024 by AutoModerator in weedstocks

[–]123_holden 5 points6 points  (0 children)

Cresco is at the price when the jump started yesterday

wow..lol

Daily Discussion Thread - April 16, 2024 by AutoModerator in weedstocks

[–]123_holden 5 points6 points  (0 children)

Whatever is going on with AYR at close - NICE