Investment Q&A

Q: I've owned Pender Growth for a long time and done very well. I've accepted the high fees and volatility as the price of ownership.
But , it's now heavily concentrated in one stock - Copperleaf - and has followed CPLF's downward trajectory.
Want to make sure I am understanding this correctly , because , if so, this concentration puts me beyond comfort level with dollar value tied largely to the fate of CPLF.
Your general thoughts on PTF and its current composition appreciated .
Thank-you.

Q: Thinking of locking in losses for tax purposes on these two. What would be a good proxy or proxies for the 30 day period?
Thank you.

Q: Hello, I bought AEM at $99. I am thinking of selling it and buy it back after the 30-day tax window.
A) Is the merger with Kirkland Gold fully completed now?
B) Do you think much can happen in the next 30 days with AEM stock price?
C) Let's say I sell AEM on June 6th, can I buy it back on July 6th or is it preferable to wait a bit longer?
Thank you,

Q: Are both BAM.A & BAMR eligible for the divided tax credit. Thanks. Cal

Q: Hello team,

Given the situation in the market, I would like to sell some stuff to recover the taxes I paid on capital gains back in 2020. But before doing that, I have a tax question: How do I recover the taxes paid on net capital gains in previous years? Let's say that I had made a capital gain of 100K in 2020 of which I had to pay taxes on 50K. Now, assuming my income hasn't changed, if I declare 50K in capital losses this year, do I get back all tax paid on my 2020 capital gains?

I know you are not tax experts but I hope you can give me a quick and general answer.

Thanks for your guidance! :)

Q: Those 3 are well underwater but I like all 3 for their long term potential. I need some tax loss and I'm thinking to sell one or all and buy back in 30 days. I wonder if you could think of proxy titles to replace for the next 30 days or just leave the money on the sidelines. Would you sell all or not? DOO is the closest to breaking even is 12% down. The others are down in the 30% range and are very volatile. I need an opinion to help me decide. Thank you.

Yves

Q: hi, if I sold stocks for a loss that are in XIT, and then buy XIT as a proxy and hold for a month, then buy the stocks I sold (that are in XIT) back after waiting a month, do I get the capital loss? (ie even though I owned the equities in the XIT)?? thanks, chris

Q: Hi,
David recently asked about a USD Income Portfolio. If he’s a Canadian resident, would you include USD payers from Canadian domiciled companies like AQN, BAM.A, MG, QSR, NTR, AEM, and others so that the dividend tax credit adds torque to the income net net?
I’ve been contemplating that as a strategy so want to make sure I’m not overthinking it. Thanks.

Q: I plan to sell these stocks for a tax loss and then buy them back after 30 days. Could you suggest a proxy stock that I could buy as a replacement for the 30 days

Q: I am currently down over $35K in SPY and would like to crystalize capital losses as I feel we are nearing the bottom. I understand that selling SPY and buying VOO would be deemed as an artificial loss by CRA, so I am wondering whether you can recommend another, less obvious replacement with high degree of correlation to SPY? Ideally, a USD-traded one. Thanks.

Q: Hi Team,
I have small position on GM down 35%, would like to sell for tax loss. What would you suggest to replace GM ?
Thanks as Always,
Tak

Q: Hi Team,
Would you be comfortable selling ATZ for a capital loss and re-buying in 30 days? I'm down 10% on it. Do you think it will go high enough in 30 days to offset my tax benefit?
Thanks

Q: I seek your help in clarifying how one calculates capital gains in the following circumstances:
1- Say you have shares in a Canadian company whose shares are inter-listed, and you hold shares on both the Canadian and the US side. Assume the shares have differing costs. You sell PART of the said shares that you hold on the US side. Do you estimate the average cost in C$ of ALL your shares for purposes of “adjusted cost base” ? I have assumed yes.

2- This is a different question, and not necessarily related to 1 above.
Say you have shares a Canadian company, say CNQ. Say you bought CNQ in your accounts at two different and unrelated brokerages, for example iTRADE and at RBC-DI. Your CNQ shares are now held at each of these online brokers. Assume the CNQ shares referred to here are held in taxable accounts. You may also have CNQ in tax-deferred accounts, but I have assumed transactions in tax-deferred accounts are not relevant to this question.

Thus, you bought CNQ shares at different times and at different costs. You may also have bought CNQ on both the US$ side and the C$ side. When you sell part of your shares held in your TAXABLE account at iTRADE , is your adjusted cost base the average of ALL your purchases on CNQ in ALL your taxable accounts i.e. both iTRADE and RBC-DI ?

Q: is there any information about flow through shares. Where can I get information regarding tax benefits. Does 5i think they could be useful to investors or are they to risky. Is there an ETF . Thanks 5i

Q: Hi group p

Please explain in simple terms what Harvesting tax loses and proxy mean when selling stocks at a loss

Second question please give me your top 3 picks (in preferential order) c/w short explanation for following sectors ....Consumer staples, Energy ,
Materials, Real estate, Health care, Commodities, Financials

Thank you for your help





staples,

Q: Hello, I have some mutual funds in my account at InvestorLine. Are the amounts shown as « Paid by third parties » « Commission de suivi » tax-deductible as financial expenses? Thanks

Q: I read your answer to a question regarding tax loss selling where you said that you were "endorsing tax-loss harvesting right now". I've taken some profits and have the following stocks that are down and can utilize: AMZN, VISA, DIS, TFII and GSY - can you recommend which ones I should sell and if you would be okay buying them back after the 30 days?

Q: Hello guys
I am interested to do some tax loss selling for these stocks given steep drops over a year or so. Could you please weigh in on strategy and if you agree could you please propose some alternatives?
Thanks

Q: Hello 5i Team,
I own ZIM in my TSFA and RRSP. I expected they would withhold tax in TSFA; however I was surprised they did in my RRSP. The $17 dividend was very nice, but the 25% withholding tax was not so much. My buddy mentioned I need to fill out some form my RRSP. I don't know. Perhaps, it's because they are Israeli domiciled?

Thank you,
Brent

Q: I'm a new subscriber to your services this year and much appreciate your independent thought on investments. What is a good fully diversified ETF that is capital gains oriented over dividends? I've focused on dividend paying stocks over past 30 years, and while I'm enjoying working - want to avoid paying more than 1/2 my dividends income to gov. When I stop working I would convert back to dividend based investments to provide my income. Thank you.