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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: hello 5i:
what are the tax consequences of holding US denominated bond fund etfs, in a TFSA? If holding a US denominated GIC, what are the tax consequences in a TFSA?
thanks
Paul L
Read Answer Asked by Paul on December 08, 2023
Q: last day for tax loss selling u.s. and canada
many thanks for great service in a tough 2023.
Read Answer Asked by howard on December 06, 2023
Q: There are a number of ETFs offered which has a policy of using Options of up to 30% of the investment. The management fees in general is higher as it attempts to provide higher yield as well as Capital gains. As I have a few of these funds in various accounts, where can I find how much are they making in Options, Dividends and Capital gains. Will appreciate the source of such information in general for these kinds of ETFs.
Read Answer Asked by Ritwik on December 04, 2023
Q: I can book a tax loss on BCE (never thought I would be saying that), just wondering if I intend to buy it back in 30 days would RCI be an ok placeholder (Telus already owned) or placeholder not needed and just wait the 30 days in cash? (brokerage fees not a consideration). Thanks,
Read Answer Asked by Stephen R. on December 01, 2023
Q: I hold both BEPC and BEP.UN. THE BEPC SHARES I HOLD AT A LOSS. I’M WONDERING IF YOU KNOW WHETHER OR NOT I CAN SELL THE SHARES IN BEPC AND BUY BEP.UN WITH The proceeds, and still claim the capital loss on the BEPC shares?
Read Answer Asked by Donald on December 01, 2023
Q: HI;
Would you be kind enough to explain the differences and similarities between these two? Is xhy the canadian version of hyg? Is it hedged?
Is there wh tax on xhy. Level 1 or 2? Can I avoid the wh tax by buying hyg? Is hyg a us or canadian listed etf? Is hyg hedged?
Thanks, BEN.
Read Answer Asked by BEN on November 29, 2023
Q: I'm trying to include tax planning in my investment decisions more than ever. Given that our Canadian governments have insatiable demand for new tax revenue and that politicians love to shower the electorate with new "free stuff" which of the following tax easing shelters do you feel will be attacked first? Will it be reducing the principal residence exemption, increasing capital gains rates, decreasing the dividend tax credit rate or something else?
Read Answer Asked by DAVE on November 29, 2023
Q: Greetings:
I recently opted for Broadcom to buy the few VMWARE shares which i held at BMO INVESTORLINE. When the cash arrived in my account they deducted 15% wh tax. This is not a limited partnership, but instead a capital sale. They will not be issuing a dividend slip so I don't know how I will be able to get the tax back. Your suggestions , please.
Thanks, BEN.
Read Answer Asked by BEN on November 29, 2023
Q: re: Indra's question about UK and Hong Kong withholding taxes:
S&P Dow Jones Indices maintains a list of withholding tax rates for every country.
(google S&P Global withholding tax rates.)
The UK and Hong Kong have 0 withholding tax.
Read Answer Asked by chris on November 28, 2023
Q: Last week on BNN market, call Jason Del vicario, was asked the question on kxs . He suggested that the caller look at MANH in the US instead.
Can you give an opinion on Manh vs kxs and if u could only buy one which would you buy?

He also mentioned that there is no withholding tax for Canadians on dividends from UK and Hong Kong domiciled stocks
Can you confirm this thank you
Read Answer Asked by Indra on November 27, 2023
Q: Tax loss season is an opportunity to shop for bargains. Can you name 2 or 3 that are excessively beaten down, therefore likely to bounce and rise further on fundamentals?
Read Answer Asked by John on November 24, 2023
Q: MoneySense recommended HXT as one of the best Canadian ETFs for years, but not in 2023. Is there any concerns that the government may crack down on Horizon's Total return funds that do not pay out any dividends?
Thanks!
Read Answer Asked by Grant on November 24, 2023
Q: My question yesterday did not seem to go through as it did not show up in "My Questions".
In reading your newsletter "What Investments to hold in your TFSA or RRIF" - I hold the above 4 ETF's in my TFSA and was wondering if they should be in this account?
I interpret your information as they should not be in an TFSA.
Thanks
Read Answer Asked by Terry on November 23, 2023
Q: Hello I wanted to confirm I am correct in assuming if I transfer in kind a stock from a non registered account to a registered account that the transfer from the non reg would be taxable event? Assuming there was a profit, or if at a loss I could use that loss against other cap gains?

Thanks
Read Answer Asked by Kolbi on November 23, 2023
Q: If I sell a US stock or an ADR that shows a loss in USD but a gain in (reportable) CAD, how does the 30-day rule apply? Must I wait 30 days to buy it back or can I do it right away?
The same question would apply to a Canadian stock that I hold on the US side. It shows a loss in USD but a gain in CAD.
In other words, if I am claiming a gain on my income tax return (which I am reporting in CAD) and not a loss, can I buy the stock back straight away?
Read Answer Asked by chris on November 22, 2023
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