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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: Subject Preferred Shares are up for reset June 1, 2023. In the event company redeems on this date (they redeemed ENB.PR. J USD last year), is there any recommendation to avoid large currency related capital gain on this shareholder uncontrollable event while Can $ is particualrly weak vs US$?
Thank you
Read Answer Asked by Mark on March 09, 2023
Q: Hi, I sold some stocks last year that had gains, but missed selling the loser that I was going to offset them with. This year I have 2 stocks left one has a gain and the other is loss I missed selling last year. Can I use this loss to help me in any way going forward. Thanks.
Read Answer Asked by Nick on March 01, 2023
Q: Hi Team 5i,
Can you please recommend a financial software that can be used to develop a retirement strategy for withdrawing funds from RRSP, TFSA, Investment accounts, etc.?
Of particular value would be a platform that details how to draw down funds and at what amount and/or percentage of one's overall portfolio on an annual basis.
Thank you.
Read Answer Asked by Greg on February 22, 2023
Q: Do any of the Brookfield companies require a T1135 to be filled out?
Read Answer Asked by Brian on February 21, 2023
Q: 5i recently answered Dennis' question on CDRs as follows: “CDRs are considered US holdings in all aspects, including withholding taxes and foreign securities reporting. ....”

All respects? My understanding is that CDRs are considered Canadian-situs (rather than U.S.-situs) holdings, which means that holding U.S. assets via CDRs would not affect a Canadian who might otherwise be subject to U.S. estate tax reporting and/or payment issues. Can you clarify this point?

Ted
Read Answer Asked by Ted on February 21, 2023
Q: When I put the subscription costs of 5iresearch for my income tax return under which category the money can be claimed? Portfolio manegement ?
Miroslaw
Read Answer Asked by Miroslaw on February 13, 2023
Q: I have US investments that pay a dividend some are stocks, some are LPs, and some trusts. I have just come across with holding taxes that are higher than I thought they were.

Where can I find details of how these are taxed for a Canadian holder.
Read Answer Asked by Douglas on February 13, 2023
Q: I’m looking to diversify a small portfolio in a TFSA by purchasing ‘some’ ETF’s with reasonable distributions and not too much risk to capital, the idea being that this is a growing ‘rainy day fund’. The most attractive ones, to me, involve at least some U.S. investments. I’m sure that the first thing you would say is that you are not tax experts. With that said, do you think that XHY’s income would be subject to the U.S. Witholding tax? And following that do you know of any online sources that list the tax implications of specific ETF’s re. Withholding tax? The most that ETF providers might say on their sites is that an ETF is TFSA/RSP eligible
.
I recognize that the tax does not rule out the utility of an investment. When would you ignore its’ presence for an investment? A long-winded question.
Read Answer Asked by James on February 13, 2023
Q: Hi,
I am pretty confident that I am correct! But wanted to make sure.

I need to help our adult "child" to buy a place. (Bidding wars have disappeard and some sense of normalcy has returned. Prices are still at least 10% higher than normal I would say!)

If I take 10,000 out of my TFSA, on January 01 2024, I can put in 10,000+6500=16500. Correct? Assuming in 2024 TFSA contribution remains at 6500.

Correct me if I am wrong.

Mano.
Read Answer Asked by Savalai on February 13, 2023