Zero Commissions for Stocks, ETF's & Options? | Page 2 | General financial discussion | Discussion forum

I would expect TD to re-deploy that capital in the US to increase its footprint in some way. Growth opportunities are too few and too small in Canada while the US has lots of room to run. TD has spent a lot of time/energy establishing that footprint and I don't see them wanting to diminish their presence.

Besides, buybacks at current stock price may not be accretive.

Yeah, I kind of disagree with @AltaRed here. The standard "safe" answer would be to expect TDCT to deploy $10 billion USD plus in U.S. retail and commercial banking, but their Banknorth, Commerce Bancorp, and South Financial acquisitions, as well as small tuck-in acquisitions, have solidified their presence on the U.S. eastern seaboard from Florida to Maine. Could they still do more tuck-in acquisitions? Sure, but nothing to the size of $10 billion USD. They could expand to the U.S. western seaboard, but the obvious Columbia Bank and Umpqua Bank targets have seen their valuations run up. Likewise, I would've thought KeyCorp would've been a natural acquisition target in 2008-09, when valuations were cheap, and they could've been a U.S. national player.

I think they might be plotting a counter-move to Schwab, possibly by making a superior bid for the rest of TD Ameritrade they don't already own or, alternatively, a bid for Schwab itself. An all-stock merger of equals between TD and Charles Schwab Corp. could be an interesting deal.

Alternatively, they might end up buying E-TRADE Financial Corp. because I can't see them wanting to give up all that AUA in the TD U.S. Wealth segment. 🙁

Cheers,
Doug

Doug said

Exactly, Loonie. It's great, if you're the sort of person that deals with Wealthsimple for one or more wealth-based products (Trade, Invest, and/or Save). However, I'm leaning towards, beginning in 2021, moving to TurboTax Online for free.

I suspect TurboTax has lost many clients to SimpleTax, StudioTax, and the like, so they - and possibly even Ufile which has likely seen even greater customer defections - will just make their software free.

Personally, I wish we had the Norway model whereby the CRA presents us with our tax owing, and we pay whatever is owing (or they refund whatever is owed to us).

Cheers,
Doug  

Turbotax online free version won't optimize between family members or search for credits and deductions for you. People who don't want to pay might as well just use Studio Tax or Simple Tax which at least tries to do that for you. In your case since you aren't married, don't own rental real estate and aren't self employed it doesn't really matter what you use since it's so straight forward.

I do like studiotax.. Just not for the people who don't like clunky list type applications 😉

Wealthsimple trade is suppose to be a no-fee "zero comission"... They make their money somewhere lol..