skip to content
  1. Home
  2. >
  3. Investment Q&A
You can view 3 more answers this month. Sign up for a free trial for unlimited access.

Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: Considering a tax loss sale of mmx, ecn and well. Looking for suggestions of proxies. Would bto work for mmx? For other two would waiting 30 days work any better than a proxy?
Read Answer Asked by William Ross on November 03, 2022
Q: Hello 5iR,
I have a RIF account in Canadian dollars and one in US dollars. Are these treated as ONE account for tax purposes so that I can freely move cash or stocks between them? Or would a transfer of shares or cash be considered a withdrawal or addition and hence be a taxable event? I would think that these account really are considered One RIF. Thanks you for your answer. Cheers
Read Answer Asked by Hans on October 31, 2022
Q: Has tax loss selling started? What is your take on Tax loss selling in this most unusual year.?
Read Answer Asked by Guy R. on October 22, 2022
Q: In your reponse to Cecil today you state: "VOO will be more tax efficient as it is US-listed whereas VFV is Canadian-listed. Foreign withholding tax on dividends will be exempt." I was under the understanding that there is no foreign withholding tax on dividends in an RRSP.
Read Answer Asked by Dennis on October 22, 2022
Q: Hi 5i
Concerning claiming a 5i membership for tax purposes. If one buys the whole package, is that claimable. Or, just the amount charged for the question and answer section?
Thanks
Read Answer Asked by joseph on October 21, 2022
Q: I am planning to sell these names for tax-loss. Should I buy a replacement for each to protect against a turnaround in the next 30 days, or do you think I'm better off holding the cash for that period given the current outlook for equities. If you still recommend replacements can you offer a suggestion for each - or perhaps only for some? Thanks.
Read Answer Asked by Ben on October 20, 2022
Q: Hello,
Which of the Brookfield companies quality for the dividend tax credit?
Also, which Canadian dividend ETF’s also quality for the dividend tax credit you would recommend?
Thanks for your great service.
Read Answer Asked by David on October 19, 2022
Q: Per below capital gains consider an income. Does the below dividend criteria is consider in Toronto, Ontario


It is my understanding that in a non-registered account I can receive up to +/- $50,000 (BC/Fed combined tax rate) in Canadian dividends without being taxed. Is that correct?
If so, I was hoping that you could provide a list of 20 Canadian dividend stocks that you have confidence in that have:
1) a 4% yield or higher
2) are not in or associated with the Oil/Gas sector
3) hopefully enough growth to keep up with inflation

Thanks!

Asked by Brian on October 11, 2022
5I RESEARCH ANSWER:
This is true, with variability based on province. The dividends also must be the ONLY source of income, otherwise some tax will apply. RY, TD, BNS, MFC, T, ABX, SLF, QSR, FTS, AEM, POW, KEY, ENB, BCE, AQN, GWO, FN, EIF, IGM, ET, CIX

Read Answer Asked by Hector on October 18, 2022
Q: Hello 5i,
I have posted a question on the Forums under the Tax and F/X Strategies and I would appreciate any thoughts or feedback.
Thanks,
Cheers,
Mike
Read Answer Asked by Mike on October 18, 2022
Q: Can you claim a tax loss when moving between hedged and unhedged versions of the same ETF? Thanks
Read Answer Asked by Denise on October 13, 2022
Q: I am currently in a loss position with ZEM. Would Revenue Canada allow me to claim a capital loss if I sold ZEM and immediately bought VEE?

What are the rules as to how Revenue Canada determines whether a new investment is sufficiently different to allow a capital loss?

Thank you for this wonderful service and the excellent advice.
Read Answer Asked by Dale on October 13, 2022
Q: I'm down 33% on TXF in an unregistered account.

For tax loss harvesting would ZWT be considered an acceptable proxy for TXF by Revenue Canada? If they are too similar, what do you feel would be an acceptable proxy?

Alternatively, if there isn't an acceptable proxy would 5i suggest leaving the proceeds in "cash" on the basis that it is doubtful that TXF would increase enough in 30 days to offset the tax gain?

Thanks!
Read Answer Asked by Cory on October 12, 2022
Looking for more? Sign up for a FREE 14 day trial! No credit card required

We invite you to sign up for a 14 day free trial of 5i Research!
Experience all the benefits and tools we have to offer; stock research, model portfolios, Q&A with our experts, and so much more. Join a community of like-minded investors today!