Investment Q&A

Q: I want to see something for a capital loss. Would receiving a dividend on March 28, disallow the loss?
thanks

Q: Hi Peter,
Is there any US withholding tax if this ETF is held under a TFSA or FHSA?
Thanks,

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?

Q: how long do I have to hold a stock before I can sell it for a capital loss in Canada?

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.

Q: I have automatic dividend reinvestments (DRIP) in my TFSA and RRSP but not in my nonregistered account. If I sell a fund in my nonregistered account for a tax loss but I also hold it in my TFSA, will the capital loss be disallowed because of the drip in my TFSA?
thanks

Q: When borrowing money to invest in stocks, can etfs holding US companies such as VGG, ZDY, ZUD etc be used with the borrowed funds and the interest still be considered deductible for tax purposes? Or do they have to be income producing Canadian stocks or etfs.
Thank you

Q: Federal budget is April 16th. and the NDP is proposing the capital gains percentage to change from 50 % to 75%.Since the NDP seem to be running the government these days and Liberals always looking for more money to spend, what would your guess this may happen ?

Q: Should I be worried about a capital gains tax increase in the next fed budget?..what could I do to reduce my capital gains if so implemented?

Q: Does every disposition of shares during a year have to be reported on your tax return even if you still hold a position in the stock at the end of year-end?

Q: Good morning
What is the difference between these two and which is more tax efficient in a non registered account? Are the dividends basically as safe in either ?
Thanks
Jeff

Q: When I retired at age 60, I was told that I should drawdown my RRSP as much as possible before I started to collect CPP and OAS at 70. I have been doing this, but because my highest growth stocks (MSFT and COST) are in my RRSP, there has been no drawdown.

I know the general rule of thumb is to place your US dividend stocks in your RRSP. However, in my case I think I would be better off holding MSFT in my TFSA, and COST in either my TFSA and/or taxable account.

I would lose 15% of the MSFT dividend in my TFSA, but the dividend is so small, it doesn't matter.

COST is a little different because of the special dividend. If I put COST in a taxable account, I could recover the withholding tax when I file the following year although I would have to submit a T1135 if over 100K. But given that I anticipate most of the returns to be from price appreciation rather than dividends, it would be better in my TFSA up to my limit, with the remainder going into my taxable account.

Does this make sense? Thank you!

Q: Hello
A general question.
Are any REITs such as AP.UN, Royalty Funds such as AW.UN or any ETF's eligible to claim the dividend tax credit?
Thank you
Jeff

Q: what yield would one need from an interest income investment to be equal to an 8% dividend for Canadian tax purposes? Thanks

Q: Good morning,


I am not crystal clear on the most tax efficient account to hold each of the above listed ETFs and before moving any of them to another type of account, I would very much appreciate your guidance on the most tax efficient type of account to hold each of the above listed ETFs.

The above listed ETFs are all held in our family Registered (RRSP/TFSA/RESP) and Non-Registered accounts.

Thank you and I'll await your sage advice.

Q: Hi there,

What’s a Swap ETF? Seems like Horizons has some of them. Apparently they are very tax efficient in non-registered accounts and have higher than average yields?

What do you think?

Ok thanks!

Q: Just wondering what happens if:
1) If one buys equal amounts of the same Canadian listed company on TSE and NYSE in their respective currencies.
2) After 1 year TSE price has not changed but US/CDN dollar rate has increased.
3) If US listed stock is sold would there be a capital loss?

Thanks,
Steve

Q: Dear 5i
I`m sure i`ve asked this question before but i cannot find your answer to this question .
Do you have to include ETF's that are Canadian listed that hold US stocks such as HXS and ZSP as part of my foreign reporting re foreign assets on my taxes ?
Also i have 3 ETF's that apparently have Trust or Partnership income (ZLB,CDZ,ZSP ). I have not received this notification before from my brokerage firm so i'm assuming this is a relatively new structuring of these particular ETF's . That said , is trust and partnership income taxed more or less than other forms of income ? Are you taxed on this income derived from capital gains , dividend or interest income ?
Thanks
Bill C

Q: Hamilton has the tax breakdown of their ETF's for 2023 posted on their website. I see both HMAX and UMAX distributions are 84% Return of Capital. This seems high. Do you think this is an aberration or potentially the norm? If an aberration, could you please quesstimate a percent range that you'd expect Return of Capital to usually be.

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??