Episode Summary A stock split might seem like pure accounting math, but it carries powerful psychological signals. This episode explains the corporate equivalent of slicing a pizza, why some share buybacks create massive value while others actively destroy it, and how the tax treatment of these moves can change depending on which Canadian account type you hold them in.

Key Concepts

• Stock Splits: Splitting a stock multiplies the total share count and divides the per-share price by the same factor, keeping the total economic value identical. Historically used to keep shares trading in accessible "board lots" of 100 shares (which priced out smaller retail investors), stock splits today serve primarily as a strong "signal" that management expects the price to keep rising.
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