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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: 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
Q: I am trying to figure a way to get around the 30 day rule for selling a stock at a loss and rebuying it. I sold HBF to capture a capital loss. If I now buy HBFE before the 30 days, do I still get the capital loss? The two ETFs are identical, its just HBFE uses 25% leverage. I understand the increased risk.
Similarily there are ETFs now which have a .U after the symbol. The .U version is in USD. I suspect the CRA considers them the same and I would lose the capital loss if I sold the Cdn version and rebought the.U version. Please confirm.
Read Answer Asked by Don on November 22, 2023
Q: ATZ,AC,BIP.UN,BEP.UN,CS,CP,DND,GEI,DND,GEI,MDI,OLA,PD,TECK.B,TCN,SDE,SVI,
GERT.UN(GRANITE)
Which would you sell for a tax loss
Read Answer Asked by Nizar on November 21, 2023
Q: Still looking into tax loss selling. The last few days have made me somewhat apprehensive, though. Things can shoot up fast. I have, unfortunately, fairly substantial losses in these three. Does 5i have any objections to selling, with the perspective of buying back later?
Thanks for your excellent advice
Read Answer Asked by joseph on November 17, 2023
Q: Ran the numbers on ENB tax loss sale but using Call/Put strategy to ensure I get it back near today's price for $80 cost. Would this be a useful strategy to crystalize the price for buy back?
Read Answer Asked by Greg on November 17, 2023
Q: I hold a significant amount of those 3 ETF in my non registered account + RRSP.Assuming that ROC represents a large part of the dividend ( true?),I suppose that we could tolerate a "reasonable or slight" réduction of the NAV ,compensated by the much lower income tax + partial compensation of capital gain if eventually sold .Those advantages are not present in the RRSP , maybe should I reduce the % of covered call ETFs in the RRSP if the NAV is not stabilized... Please comment ( or criticize ! )my observations since I am far from being an expert, regards J-Y
Read Answer Asked by Jean-Yves on November 17, 2023
Q: Hello,

I am trying to determine whether tax loss selling would make sense in my current scenario. I have an over 20% weight position with CSU. I want to reduce this position which will trigger a large capital gain. Does is it make sense to sell my fixed income positions in CBO, XHY and VAB which will trigger a tax loss to help offset the CSU capital gain? I can also leave as is and hope the interest rate situation turns around in 2024?

Thanks for your help.
Read Answer Asked by Mauro on November 16, 2023
Q: if I sell a stock in my rrsp account at a loss is there any tax benefit and if so is there a particular time of year when it should be sold
Read Answer Asked by Brian on November 15, 2023
Q: This is my first year investing in a non registered account. I've invested with BMO Investorline. My question is do I trust the average cost they post for each stock? How do I verify it is correct? I can set up an excel spreadsheet but not sure how to accurately figure out the adjusted cost base. Thank you.
Read Answer Asked by Cheryl on November 14, 2023
Q: Another tax loss question. Currently down 19% on EIF and 11% on NPI in a non-registered account. (Interesting to note analysts are giving both 'strong buy' recommendations.) First, EIF. Would you sell, sell and repurchase, or stand pat? And if your recommendation is to sell and repurchase, would you repurchase before year end or wait 'til the new year? With regard to NPI, would you sell and repurchase? Stand pat? Or replace it with something like H? (BIP and BEP already held). The goal with both stocks is income with some growth. Thank you.
Read Answer Asked by Maureen on November 14, 2023
Q: I have cash in my TFSA and am thinking the above stocks will experience tax loss selling pressure and I can add to my existing positions at attractive prices for long term holds.
Do you agree that these stocks will be subject to tax loss pressure and is now a good time to buy, wait a bit, or average in each week for the next month or so.
Thanks
Read Answer Asked by Bruce on November 14, 2023
Q: Question: My portfolio shows me the above are all down below my purchase price between 23 and 34 %. Would they be good candidates for a tax loss sell and repurchase after January 1
Read Answer Asked by Ken on November 13, 2023
Q: I hope you can answer this tax question about my investments. I have a loss in my cash account on some PPL shares I own. I also hold PPL in my TFSA, where the shares are up substantially. Will the gain in my TFSA prevent me from claiming a tax loss if I sell my losing shares in my cash account?
Read Answer Asked by Jack on November 10, 2023
Q: Can you please provide proxies for tax loss selling for the above noted stocks/ETFs
Please deduct as many credits as necessary.
Thanks for your insight.
Read Answer Asked by Terry on November 08, 2023
Q: Hi Peter, Ryan, and Team,

Please rank the stocks above for tax loss selling purposes. Are they all worth buying after 30 days? (All are down, but T and TCN are really down.)

Thanks as always for your insight.
Read Answer Asked by Jerry on November 07, 2023
Q: Good Morning

A hypothetical question. In a tax loss scenario where the stock in question has been sold and now has risen post sale, at what point do the benefits of the tax loss no longer come into play and it makes no sense to buy it back( unless of course it continues to go up). Is there any way to figure this out in general terms or do you have to weigh it out in a case specific manner. Post if you wish
Thank you
Read Answer Asked by Marty on November 06, 2023
Q: In a non registered account,there is no tax on hsav monthly interest neither on hewb monthly dividend.When those ETF are sold though,do one has to pay tax on the total of interest accumulated in the ETF or on total dividends accumulated (+capital gains)since the acquisition,or tax shall be only due on capital gains ?
Read Answer Asked by Jean-Yves on November 06, 2023
Q: Greetings:
Knowing that you are not tax experts, and also that you invest in USA securities, do you think that when one invests in USA REITS ( ie, american tower. etc. ) does the 10 % tax apply as in the case of MLP'S.

Also, I am not trying to trip you up, but in two recent answers Bill on Oct 20, and Lorraine on Oct 31. you show different interest rates and mer's for HISA and PSA. Perhaps the interest rates have increased but in the case of PSA the mer has decreased??.

Thanks as always,
BEN.

Read Answer Asked by BEN on November 01, 2023
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