gary17 Posted October 12, 2021 Share Posted October 12, 2021 hi- i am wondering if there are any canadian IB users here - i recently got an email from them offering me a 'debit card' with mastercards... it seems like it's basically a debit card against my margin in my investment account. is this like a way for me to spend money but without having to sell stocks (ie its margin borrowing). so i'll be paying interest, but not capital gain taxes? has any canadian investors studied this and that it makes sense? TIA! Link to comment Share on other sites More sharing options...
bizaro86 Posted October 12, 2021 Share Posted October 12, 2021 My understanding is the same as yours. Personally, I'd rather use a points or cash back Mastercard or visa and then transfer money out or IBKR once a month to pay it when due. Link to comment Share on other sites More sharing options...
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