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Tourmaline Oil Corp. (TOU)
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WELL Health Technologies Corp. (WELL)
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Nuvei Corporation Subordinate Voting Shares (NVEI)
Q: Happy New Year and thank you for the valuable service you have provided over the last 10 years.
I am considering doing a transfer in kind from my RRIF to my TFSA of both TOU-T and WELL-T. Both are showing a loss in my RRIF (poor timing on my part), but I think a recovery is likely and that they are good long term holds. May I have your comments on whether to do the transfer, continue to hold them in my RRIF, or sell them outright and then transfer cash and add to NVEI-T which is currently showing a loss in my TFSA?
Your feedback is greatly appreciated.
JaneN
I am considering doing a transfer in kind from my RRIF to my TFSA of both TOU-T and WELL-T. Both are showing a loss in my RRIF (poor timing on my part), but I think a recovery is likely and that they are good long term holds. May I have your comments on whether to do the transfer, continue to hold them in my RRIF, or sell them outright and then transfer cash and add to NVEI-T which is currently showing a loss in my TFSA?
Your feedback is greatly appreciated.
JaneN
5i Research Answer:
We can’t provide personal specifics, but we would consider each a growth company, and typically prefer growth within a totally tax free account such as a TFSA. We do think there is good recovery potential here, and would be comfortable with WELL and TOU in a TFSA.