Investment Q&A

Q: In Canada, on death of an individual, are all registered plans (LIF, RRIF) of that person considered sold and added to their estate for tax purposes. What about RESP and TFSA plans? thanks

Q: Can you advise me on how CRA determines how much should be removed from a RIF on an annual basis?

Q: I received shares of TOI because of owning CSU.
The cost value that the bank assigned was of course zero . Is there a calculated value that I should use to determine gain for tax values when theses are sold?

Q: NVDA has dropped over 25% since 21 July, of which there was a 9.7% drop on 13/09.
MSFT has dropped 13.5% since 8 August, of which there was a 5.5% drop on 13/09.
For one, both or none of these stocks, would you recommend taking a tax loss now with the intent to buy back in a month?

Q: TV recently announced:

Trading of the Company's shares has been suspended since August 22, 2022 as a result of the Company filing for protection under the Companies' Creditors Arrangement Act ("CCAA") and this suspension will continue until the delisting takes effect. In addition to the TSX delisting, the Company expects its common shares will also be delisted in due course from the other exchanges on which the common shares currently trade.

Shareholders retain their legal rights and equity interest and are advised to contact their brokerage where shares are held regarding retention policies for unlisted shareholdings and potential for shares to trade in over-the-counter markets.

Can you please guide me as to what my options are.
1) are the shares I hold virtually worthless or is there a decent possibility that if I hold onto them I will receive something? what would you put the odds of getting something at and what do you think it would be relative to their last closing price of $.205
2) If I wanted to sell the share in the "over-the-counter" market they refer to, how do I do that
3) if it were you, what would you do?

Thank you for your advice

Scott

Q: Does the posted yield of about 13% include the .65% management or should .65 be deducted from 13 to reflect the actual yield.
What is your "ballpark guess" as to the percentages of dividends, capital gains and return of capital.
What is the % of U.S. withholding tax. Is it just on dividends or capital gains and roc as well.
Thanks so much

Q: Hi team!
I am considering a hybrid portfolio of either (A) 80% ETFs and 20% individual stocks or (B) 80% in an All-in-one ETF (VEQT/VGRO) and 20% individual stocks. I understand there may be foreign withholding tax considerations on the Vanguard All-in-one ETFs depending on the account type in which it's held and I'm wondering how significant this actually is.

Questions:

- Which accounts out of RRSP/LIRA, TFSA, RESP, and Non-Registered would US listed ETFs be a better alternative due to this foreign withholding tax drag?

- At what account value would the tax drag from these withholding taxes be material enough to warrant buying individual ETFs (ex. VT, VTI, XUU, XEF) instead of using an all in one fund (VGRO or VEQT)?

Trying to avoid losing 15% or more of any US/foreign dividends due to unrecoverable foreign taxes if possible!

Thanks for your great work!

Q: We have been told that a person Age 55 may create a RRIF account & begin drawing payments. Also, that up to $ 2,000 of any income would qualify for the Pension Income Tax Credit of $ 2,000.

However, another source says this is only available at age 65.

Can you shed any light on this - thanks very much

Q: Not a question, I just wanted to say that I was reviewed by the CRA this year for carrying charges, for which my 5i membership makes up a part. I sent in the receipt along with my other docs, and, good news, it was accepted.

Q: On Aug 2/22 there was an answer regarding RRIF mandatory withdrawals rather than sell a stock. It mentioned Withdrawal in kind & transfer stock to cash account., Are there any tax implications. Could you provide example of a stock trade. What if your are losing money on stock can this still be done ????

Q: US Div Stocks vs CAD Div Stocks? I know the Dividend Tax Credit only applies to Canadian Stocks, but these days some good US STocks are paying 9 to 11 %. What is the Dividend Tax Credit worth in terms of %? I guess it is still better to buy Canadian Div Stocks:
The federal dividend tax credit as a percentage of taxable dividends is 15.0198% for eligible dividends and 9.0301% for non-eligible dividends.

Q: Hi Peter/Ryan, I sold 'WELL' at a loss in my TFSA, does the buy back rule still apply in a TFSA or can I buy it back before the 30 days. In a regular account is the 30 days business days or just 30 days in all. Thanks as always.

Q: Not a question but rather a comment on the Q&A earlier today that included mention of TEF, the US ADR for Telefonica.

Investors should be aware that their final yield on dividends will be impacted by Spain’s Financial Transactions Tax, which is also levied on the ADR:

https://www.clearstream.com/clearstream-en/products-and-services/market-coverage/europe-t2s/spain/spain-financial-transaction-tax-ftt--2726042

Q: Good afternoon 5i,

TD has the dividend payments of VIU and VEE respectively at $0.80 and $0.86. Is there a withholding on these amounts since they're foreign or is that automatically built in to the price for share. I'm simply trying to estimate my dividend payment from both.

Why do their payments vary quarter to quarter when other ETF's (e.g. ZSP) keep the same payment rate per quarter?

Thanks in advance. - Jeff

Q: How do I report capital gains of an American stock held in a non registered Account? I

Q: Is there any issue with withholding taxes and holding XBAL in a RRSP?

Thanks,

Joe

Q: I sold these earlier these in a panic , to avoid losing what was left of a fantastic profit : I am OK on the 30 day rule . Technicals seem to be hooking upward and this appears to be an opportunity . I suppose repurchasing is considered bottom fishing but they pass the "would you BUY this stock today?" question .... so would you ?

Q: Assuming the deal happens and 1/2 value is paid in shares of T does that mean 1/2 the ACB of my LWRK shares is now attributable to the new shares of T that I now hold?

Q: Is it possible to get back the witholding taxes collected by the US and how?

Q: What do you think about tax-loss selling each of the above companies at this point? If in favour, do you think I should buy 30 day proxies for each, and if so, what companies? Thanks.