[ChrisG]

Next year I would really like to see a field for box 42 on the T3. It would make it easy to track the amounts for preparers like me who don't keep copies of clients' slips. What I have started to do this year is to record the amount as a memo where there is a ROC amount on the T3. I think this is a simple request that should be accommodated.

[Joe]

Presumably would only help (marginally) if the client had a single investment which in turn only held a single fund...

The slips remain pretty useless for investment tracking, except as a "flag" that the investment tracking calculations need to be checked..

.

[James1]

Joe, on Apr 24 2007, 12:23 PM, said:

Presumably would only help (marginally) if the client had a single investment which in turn only held a single fund...

The slips remain pretty useless for investment tracking, except as a "flag" that the investment tracking calculations need to be checked..

.

I would agree, the slips (box 42) do not help if there is more than one investment on the slip

James

[ChrisG]

Joe, on Apr 24 2007, 12:23 PM, said:

Presumably would only help (marginally) if the client had a single investment which in turn only held a single fund...

The slips remain pretty useless for investment tracking, except as a "flag" that the investment tracking calculations need to be checked..

.

Of course it depends on what is reported on the T3s. Some reflect only one fund while others are combined. I know its not the complete catch-all but would certainly help in certain situations. My point is that it would not hurt to create a field for this position since it would not affect the return.

[JohnV]

T3 slips generally break down the income if there is more than one investment being reported. Check on the copies or the back of the slip. Otherwise there's a schedule attached.

Bottom line, for all investments, you want to track the acb and bill for it! My "best return" has lots of pages where investment costs, dispositions and income is tracked summarized etc...

Brokers make big dollars, the client is making money, why shouldn't you? You ARE providing a valuable service...make them pay for it.

[unknown]

Hear hear!

[ChrisG]

JohnV, on Apr 24 2007, 01:11 PM, said:

T3 slips generally break down the income if there is more than one investment being reported. Check on the copies or the back of the slip. Otherwise there's a schedule attached.

Bottom line, for all investments, you want to track the acb and bill for it! My "best return" has lots of pages where investment costs, dispositions and income is tracked summarized etc...

Brokers make big dollars, the client is making money, why shouldn't you? You ARE providing a valuable service...make them pay for it.

So John, next year when we have a major correction in the markets you will be discounting returns?

[unknown]

Chris, brokers charge commissions whether you gain or lose....

Why should we not charge if they lose?

[JohnV]

I'm thinking Chris is ribbing me a bit Bert....

and just in case... of course we should be making money whether the market goes up, down or sideways, or whether or not our clients make money in their businesses.....our money is made providing our services, not influenceing the markets, making investment decisions etc.....but IMO we can help our business clients make money...in which case we can bill for results :)