Q: If I sold a stock for a capital loss and if is dual listed(ie. ccl.a &ccl.b) could I buy the other listed stock within the 30 day time frame and still keep my capital loss??
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Investment Q&A
Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.
Q: According to the T3 published on the CDS listing for 2023, the Return of Capital for 2023 for HBND was 70.7% and for HPYT it was 48%. I'm holding them in non taxable accounts so the source of the dividends doesn't matter, but isn't that level of ROC completely unsustainable and will just mean an erosion in the NAV?
thanks
thanks
Q: Have you any info on CRAs new requirement that any joint holdings and bank accounts between parents and children will now have to declare them as a BARE TRUST 507 and have til Mar 31st to register them and submit to them? Thanks
Q: Hello team,
I am considering doing a transfer of a stock from my margin account to my TFSA account but am not sure how this works.
Can you advise me how this is done and also, does it trigger a capital gain in my margin account if the stock has increased since it was purchased?
Thank you for your insights on this.
Paula
I am considering doing a transfer of a stock from my margin account to my TFSA account but am not sure how this works.
Can you advise me how this is done and also, does it trigger a capital gain in my margin account if the stock has increased since it was purchased?
Thank you for your insights on this.
Paula
Q: In a recent question concerning VFV held in a RRSP, you replied VFV is subject to Level 1 holding tax because it owns units in a US ETF. With regards to ZSP in a RRSP there is no Level 1 tax because ZSP holds individual US stocks & no US ETFs. Is this correct. Thanks … Cal
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Global X S&P 500 Index Corporate Class ETF (HXS)
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Vanguard S&P 500 Index ETF (VFV)
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Vanguard S&P 500 ETF (VOO)
Q: please confirm that Owning VFV in an RRSP there withholding tax is not applied? If it is do you have a suggestion on an S&P eft that would be exempt this hold back
Q: In deciding whether to carry forward a capital loss, is inflation a factor to consider? Thanks.
Q: I guess this is really a basic tax loss question. I wish to sell BNS in my non registered account which is mainly full of large dividend paying companies. Does it make sense to sell GSY ( at a profit ) , sell BNS ( at a loss ) and then rebuy GSY , thus taking advantage of tax loss provisions. It will also give me the advantage of a higher cost price for GSY for the inevitable sale. Should I do this procedure with the stock that has the most comparable gain to my BNS loss ?
Thanks. Derek.
Thanks. Derek.
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Brookfield Renewable Partners L.P. (BEP.UN)
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Brookfield Renewable Corporation Class A Exchangeable Subordinate Voting Shares (BEPC)
Q: I just bought BEP.UN in a non-registered account,shall the dividends be " fully taxed" ( equivalent to interest), if not how precisely will they be taxed ? Should I then switch for BEPC ? Thanks..
Q: I have over 8000 shares of VFV in my NR, up about 50%. I am looking to hold for 20 years and not touch them. Unbeknownst to me when I bought them, I now realize there is a tax disadvantage compared to HXS. How much performance drag will occur from the tax disadvantage, and would it be worth the capital gains tax to sell and switch?
I could sell and incur huge capital gains on these shares, but I am not sure if it would be worth paying the capital gains to sell them and buy HXS.
My alternate plan going forward was to buy HXS with my dividends, instead of VFV.
I could sell and incur huge capital gains on these shares, but I am not sure if it would be worth paying the capital gains to sell them and buy HXS.
My alternate plan going forward was to buy HXS with my dividends, instead of VFV.
Q: Back on 1/20/2024, you thought that these companies (partnerships) would not have withholding tax in the states. I've since received communication from my broker that I have to arrange for a U.S. Taxpayer Identification Number (TIN). They didn't indicate which holdings, but I do own these two companies. Has the company updated their advice? Thanks.
Q: Peter; In regards to Eric’s question on when to sell , with the heirs involved. I was executor for a client of mine - 14 heirs! - anytime I was going to do something - selling securities included- I sent each one a letter with a place to sign and return - agreeing or not , so I had a written document, in case of a problem.
Publish or not.
Rod
Publish or not.
Rod
Q: Hi 5i Team,
I understand that interest on loans used to purchase non-dividend paying investments, e.g. stocks, crypto, etc. is not tax deductible. But can I include the amount of interest so paid as a part of my cost base for the purpose of calculating capital gains on disposal of the underlying investments?
Cheers,
H
I understand that interest on loans used to purchase non-dividend paying investments, e.g. stocks, crypto, etc. is not tax deductible. But can I include the amount of interest so paid as a part of my cost base for the purpose of calculating capital gains on disposal of the underlying investments?
Cheers,
H
Q: I don't really understand what happened to the $5 special distribution. I know it was consolidated into the existing share count, but I do not see any benefit. Can you please explain. Thanks
Q: The ETF, HXS pays no dividend. So if HXS was held in a RESP account, can one avoid the US 15% withholding on dividends, because HXS pays no dividend, whereas ZSP held in a RESP account would be subject to the 15% withholding tax, because it does pay a dividend. Thanks … Cal
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BMO S&P 500 Index ETF (ZSP)
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Global X S&P 500 Index Corporate Class ETF (HXS)
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Vanguard S&P 500 Index ETF (VFV)
Q: Good morning,
I am looking for the best ETF to hold in my TFSA account that follows the S&P 500 index along with the reasons for your particular preference?
I understand that since HXS does have any distributions, there is no withholding tax to be concerned with which is an advantage. On the other hand, due to the distinct tax efficient structure of HXS, the MER on the HXS is higher than VFV and other similar ETFs that track the same index.
Given that both ETFs track the same index is there a clear winner for a TFSA account?
Thank you and I'll await your sage advice.
I am looking for the best ETF to hold in my TFSA account that follows the S&P 500 index along with the reasons for your particular preference?
I understand that since HXS does have any distributions, there is no withholding tax to be concerned with which is an advantage. On the other hand, due to the distinct tax efficient structure of HXS, the MER on the HXS is higher than VFV and other similar ETFs that track the same index.
Given that both ETFs track the same index is there a clear winner for a TFSA account?
Thank you and I'll await your sage advice.
Q: Hi 5i,
Does the wait 30 days rule to sell and buy back apply to stocks within a TFSA or RRIF?
with thanks'
Connie
Does the wait 30 days rule to sell and buy back apply to stocks within a TFSA or RRIF?
with thanks'
Connie
Q: Hi
I hold ZSP in my non-registered account and VIG in my RRSP.
My understanding is that it doesn't really make a difference from a withholding tax perspective where I hold ZSP but that the RRSP is where I should hold VIG.
Do you agree?
I hold ZSP in my non-registered account and VIG in my RRSP.
My understanding is that it doesn't really make a difference from a withholding tax perspective where I hold ZSP but that the RRSP is where I should hold VIG.
Do you agree?
Q: I have a no. of ETFs with OPTIONS on its 30% approx applied to generate extra income. Naturally it is higher risk/reward but I can not find how to access monthly (or annual) reports on Div income, Options gain/loss or dilution of Equity. Specially Equity dilution is a concern and I wonder if they can avoid informing shareholders such important information.
Q: Peter and His Wonder Team
I have to sell one of these stocks to meet my RIF withdrawal obligation for 2023. I have owned them all for years...CET is down; QST down more; QTRH up slightly. Of course since it is a RIF account there is no tax loss credit. So if you had to sell one...what do do think would be the best choice. Thanks for your opinion which is always objective and sobering which helps in my decision in which I take full responsibility.
I have to sell one of these stocks to meet my RIF withdrawal obligation for 2023. I have owned them all for years...CET is down; QST down more; QTRH up slightly. Of course since it is a RIF account there is no tax loss credit. So if you had to sell one...what do do think would be the best choice. Thanks for your opinion which is always objective and sobering which helps in my decision in which I take full responsibility.