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Buying Canadian bank stock

7564 Views 5 Replies 6 Participants Last post by  Rickson9, 
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Our financial advisor was reluctant to have us purchase bank stock for the dividend income this spring. In your opinion is that still a valid scenario? Some news today about Bmo being in trouble.
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Not alot of details given here.

But if your intentions were to hold the bank stock inside of a RRSP perhaps your advisor was hesitant to do so b/c of tax implications vs in a non-registered account.
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