Q: I want to increase my energy holdings in the current market. Currently ENCC’s yield is around 14% due to selling covered calls. How do you anticipate that it will fare in the next few years?
Thank you for your excellent service.
Geoff
Thank you for your excellent service.
Geoff
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Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK)
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Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC)
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Hamilton Canadian Financials YIELD MAXIMIZER TM ETF (HMAX)
Q: Would Canadian funds such as ENCC, BANK, HMAX which hold Canadian stocks be taxed as dividend income or as capital gains income by the CRA ?
I believe that similar funds holding US stocks would be taxed as capital gains.
Thank you.
I believe that similar funds holding US stocks would be taxed as capital gains.
Thank you.
Q: With the downward trend of OIL -what effect will it have on the yield of ENCC ? etc?