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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: First time PRIF account holder here ( 59 years old, retired 11 years ago, took control of my company pension, created a LIRA account, and with 5i's help have enjoyed a multi bagger). Cant say how valuable the knowledge I've learned being a member here has been, thank you folks very much! Of course being in a registered account my gains have been tax free, now setting up a monthly income stream I'm subject to the with holding tax. Dont mind paying my share of taxes, but curious if there are any strategies to lessen that burden?
Read Answer Asked by Charles on April 18, 2024
Q: Is the proposed increase in tax for capital gains over $250,000 an annual amount or a lifetime amount?
Read Answer Asked by Alan on April 18, 2024
Q: 2024 budget re capital gains tax increase, does this also apply to stock dividends.
Read Answer Asked by bill on April 17, 2024
Q: I have one stock whose ACB has reached zero as a result of repeated ROC charges. Is it possible for a stock to have a negative ACB as a result of further ROC charges? How is the ROC paid when the ACB is zero?
Read Answer Asked by richard on April 16, 2024
Q: Good Day 5I team: Is it allowed by CRA to transfer a security from a non registered trading account to your tax free savings account,to make up your contribution limit? Thanks Larry
Read Answer Asked by Larry on April 13, 2024
Q: Regarding both BMO { ZWB, ZWU,ZWT, etc. } and Hamilton { HMAX, UMAX, FMAX, etc. } covered call ETFs, do either use a return "of" capital as part of their distributed yield ? ..... If so how much and would it be a deterrent from buying them ? I have put the word "of" in quotation marks as I think it means I am getting my own money back ? ..... Thanks for your always sound advice .....
Read Answer Asked by Garth on April 12, 2024
Q: I am 88 years old, I recently purchased a GIC in my name and I also added my two adult children to the GIC. Can you tell me what a bear trust is and would my GIC be considered a Bear Trust?
Also I put their name on my brokerage account to save probate fees.
I would like to know if these are considered simple joint accounts, or are they considered Bear Trusts?
Thanks as always for your expert opinion.

Read Answer Asked by Shirley on April 08, 2024
Q: Peter and His Wonder Team
Here is a simple question for you but I do not want to make a mistake with CRA in regards to Capital Gains. If I have a stock in the green and sell ...do I have to pay on just 50% of that gain? On the other hand If I have a second stock in the red of an equal loss and sell...does that just negate the gain entirely? On the other hand are gains only at 50% and losses at 100%? In other words how does one calculate capital gains in general?Thanks...don't want to get into trouble with the "Tax-Man"! Ha!Ha!
Read Answer Asked by Ernest on April 08, 2024
Q: We bought a 2-year GIC through TD Bank but issued by EQ Bank. Interest is paid at maturity. When we received the T5 it included an amount for interest for the first year. It doesn't seem correct to be taxed on interest which is not yet received. Is this an industry practice? I've asked TD and am waiting their reply.

Thank you for your view.
Read Answer Asked by TOM on April 04, 2024
Q: After receiving a t3 from a high dividend paying etf I was a bit suprised to see a bit over 60% of the distribution was Return of Capitol - as I see it basically getting my own $ back on that 60% portion. Sitting with my accountant I walked away with more questions than answers, for instance would a pure play dividend stock paying half the yeild as this etf be a better investment, what happens if I hold this for years and my intitial investment is returned, do I still get the 10% distribution? Is the ROC a mute point if this etf is held, in a registered account? I realize these questions may not be in your area of expertise, also am thinking many people are buying these high paying ETF's not realizing a big portion of the advertised yield is ROC.
Read Answer Asked by Charles on April 04, 2024
Q: One of life's little mysteries. BMO Investor line shows me as having" interest income" from BIPC and BEPC but no dividends. These are not the limited partnership shares. BAM shows as paying dividends. I have a call into BMO but wonder if you can shed light on this. Many thanks Al
Read Answer Asked by alex on April 03, 2024
Q: I want to see something for a capital loss. Would receiving a dividend on March 28, disallow the loss?
thanks
Read Answer Asked by Mary on April 03, 2024
Q: I realize that you must wait 30 business days before you can repurchase a stock that you sold for a capital loss but are there any rules about the timeline on when you purchased the stock before selling it?
Read Answer Asked by Mary on March 27, 2024
Q: how long do I have to hold a stock before I can sell it for a capital loss in Canada?
Read Answer Asked by Mary on March 25, 2024
Q: Please give me some guidelines about the type of companies preferred in TFSA, RIF and non registered accounts. I am particularly iinterested in guidelines related to tax efficiency and it's overall effect on results.
Read Answer Asked by Ron on March 25, 2024
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