Investment Q&A

Q: This is a comment in relation to Grant's question regarding "phantom" distributions by Canoe, which are technically tax-neutral if held in taxable account. However, this is a bit of administrative headache for investors, as you have to do ACB adjustments annually, and when you sell, your reported ACB will likely not match your broker's T5008 form submitted to CRA.
I use this free software for ACB adjustment calculations: https://www.adjustedcostbase.ca/

Q: I understand that the VOO is likely to be extremely tax efficient.
If I only had a USD NonReg account would you expect VFV and VSP to be just as tax efficient as VOO?

Q: I understand that when you buy stocks, etfs of mutual funds whose distribution includes all or some ROC, this reduces your ACB and increases your future capital gains when you sell the asset. Does this become an onerous task, tracking each and every ROC payment across your portfolio and deducting it from your each ACB each time. Is there an easy way to do this? I assume the CRA must track this to ensure you are not avoiding taxes?

Q: Can I gift ETF shares to my spouse without incurring capital gains or a sale? If possible, how would I do this?

Q: Would selling LMN at a loss and buying CSU right away be ok to avoid triggering superficial loss?

Q: Do CDRs of US SOCKS held in a TFSA have any tax or other implications other than dividend withholding.

Q: I have held Arx at a cost of about $13 since it was an income trust.I plan to take the deal withe Shell.
Am i correct in assuming the only the only immediate gains tax will be on the $8.20 cash per share.

Q: Sorry to come back on the same question but I forgot a couple details.

We bought NBIS in Oct/2025 ain our cash account and sold in Dec/2025 for a big loss, and claimed capital loss on 2025 tax.
We rebought in our TFSA in Feb/2026. We had harvested profits from CLS and SHOP in June/2025, both of which were held in the TFSA for over a year. We are considering harvesting some NBIS profits but are cautious about CRA interpretation, since we've only held NBIS in the TFSA for 2+ months.
In light of the capital loss claimed in the the cash account, and now a sale after a 2 month hold in a TFSA, I wonder if the sale of NBIS now and possible repurchase if it drops, would trigger something with CRA.
I realize you are not in the tax business and are not lawyers so any views or experience would be taken in that light.
Thanks for all your guidance

Q: We bought it in Oct/2025 and sold in Dec/2025 for a big loss, and claimed capital loss on 2025 tax.
We rebought in Feb/2026. I was considering harvesting some profits but am cautious about CRA interpretation.
I wonder if CRA consider this a speculative stock and this, as well as the recent activity, might trigger something?
I realize you are not in the tax business and are not lawyers so any views or experience would be taken in that light.
Thanks for all your guidance

Q: Would selling CNR for a capital loss and replacing it with CP be acceptable by CRA?

Q: I looked up prior inquiries on Kimbell Royalty Partners (KRP) and in your answeres you immediately pointed out that it is a limited partnerrship and therefore has onerous taxation for Canadian investors. I have done some reading on KRP and it appears that KRP has elected to pay corporate taxes and therefore it is NOT considered a MLP, but it is a LP. I know that you 5i guys are not tax experts but could you do a second search on your bloomberg terminal, or other resources that you have, to confirm how a Canadian investor would be taxed if they owned KRP. Other than the tax question what do you think of KRP? The dividend yield is close to 11 per cent, leverage is not that high, and with the increase in oil and gas prices the variable dividend could get a boost (at least while the commodity prices are elevated) and therefore it is of interest to me.

Q: I'm confused about when it makes sense to do tax loss selling. I am down almost 30% in CSU and LMN. Does it make sense for me to sell and register the loss and possibly rebuy after the 30 day wait? I am an older senior and don't have a lot of time to patiently wait for recovery, and despite the speed with which it dropped, I suspect recovery will be much longer. My main confusion, I think, is not really understanding how tax loss selling actually works.

Q: Re: Question from Ross on March 23, 2026 re if 5i Subscription is tax deductible.

I believe the Federal Digital News Subscription tax credit is no longer available as of 2025

https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/deductions-credits-expenses/digital-news-subscription.html

Q: Hi.
Just doing my taxes and note a discrepancy between the broker generated proceeds of disposition and the T5008. The difference is that the T5008 includes as proceeds the rollover amount from RPI.UN to RIC. I thought this was a tax deferred rollover. Was there anything that I as a shareholder had to do to secure this or is this an error on the T5008?

Q: Is your membership fee a tax deduction?

Thank you.

Q: Hello, can you please confirm that REITs should be held in registered accounts (RSP, LIRA, TFSA) whenever possible considering their tax treatment (distribution treated the same as interest income in my understanding). Thank you.

Q: I have GLXY in TFSA when it drops TSX listing will there be witholding tax

Q: I am wondering about the tax deductions on the US side when a closed end fund is held in a a LIF account.
Does the US withhold t’as at source?
Thanks.

Q: Is VFV more suitable than ZSP for US exposure in TFSA?

Q: Could you explain the difference between these two stocks. What are the dividends for each and are they paid out in US $ or CDN. Which has the better tax treatment, as I understand there is different tax treatments for partnerships. but not sure what the difference is?