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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: What are the tax implications if any of buying Wolters Kluwer N.V.which trades as an OTC ADR If purchased inside a RIFF or TFSA. Or can it even be purchased in a registered account.
Read Answer Asked by Barrie on December 17, 2021
Q: Hi 5i Team,

I toyed with doing this on the Forum but didn't know how to start a new discussion thread.

I would like to ask if any 5i member has experience (anecdotal or otherwise) with US probates. Since so many of us hold US stocks in our portfolios, and it's almost certain they will be considered US property in our estate when the time comes, I'm quite keen to know what the ramifications are and if it is as big a headache as I imagine.

Perhaps you could also tell me how to move any further discussion onto the Forum. Thanks a lot.

Molly
Read Answer Asked by Molly on December 14, 2021
Q: Gresham asked a question on Friday about moving stocks/cash in a non-registered account, funded from borrowed money, to a TFSA. You indicated that the interest would continue to be deductible. That is not correct, as interest on borrowed money used to make TFSA contributions is not tax deductible.
Read Answer Asked by Christopher on December 13, 2021
Q: Strategy question:

I have an unregistered account currently showing a profit, but I do I have a number of loosing stocks in the mix. The unregistered account was built on a home-line of credit so the interest is currently claimable, which is something I'd like to preserve.
My goal is to move funds to my TFSA while maximizing the immediate tax benefit. Am I able to sell the loosing stocks at loss, claim the loss, and move the cash to the TFSA to buy a different equity? Or is it better to just do a trade-in-kind to move my current holding into the TFSA? Do either of these strategies impact my ability to claim the loan interest?

Thanks
Read Answer Asked by Gresham on December 10, 2021
Q: When purchasing International ETS's within in an RRSP is there any withholding tax advantages to holding US traded ETF's?
Read Answer Asked by Joe on December 08, 2021
Q: I have been looking at HCAL, for the dividends. I not sure I understand the Non-Cash distribution. They are showing a non-cash distribution in the amount of $2.324 payable in December. They state the distribution will not be paid in cash but will automatically reinvested in additional units of the ETF and immediately consolidated so the number of units held by the unitholder and the net asset value of the ETF, will not change. So, what does change, with the non cash distribution?
Read Answer Asked by Edgar on December 07, 2021
Q: Do you know of any 2021 Flow Through LP or funds that are still open for 2021? Or is it too late? Looking for strategies to reduce tax on large capital gains this year. Any other ideas?
Read Answer Asked by Kel on December 06, 2021
Q: Hi Team,
On your response to M Atal today, I am concern by
"The main issue is the tax deferral set up". ?
Horizons has already had to change its structure to adapt to new tax regulations. Horizon clients knows that, I had HXT & HXCN before the change structure. The change structure was made smoothly.
Can you develop "The main Issue" ? Do you mean Horizon will not be able to maintain the TRI structure in future ?
I like TRI structure for deferred gains.
Thanks
Best Regards
Read Answer Asked by Djamel on December 03, 2021
Q: Tax question - do you know whether or not CDR's of any of the 18 US equities count toward T1135 declared holdings?

Also if I hold AAPL shares in a separate US account would the core holding there affect its capital gain status if a CDR for AAPL were also to be traded at a different adjusted cost?
Read Answer Asked by Jeff on December 03, 2021
Q: Greetings:
As always it is known that you are not tax consultants, but please tell me what you know about a Section 51 election, and when it might be best to make use of it, as well as what CRA form number would be required?

Thank You,
BEN.
Read Answer Asked by BEN on December 02, 2021
Q: Hi, I have about -$6000 (capital loss) I can use to offset my gains this year, maybe more by end of year.
My question is there a limit to how much I can use each year for losses against my gains?
Thanks

Read Answer Asked by Brad on December 01, 2021
Q: I would like to build a more concentrated techy portfolio of our holdings with a 3 year time horizon by concentrating funds on stronger names and selling those you have less confidence in 3 years. Please rank names for
A. new funds to add with a short blurb about
1. growth potential and profit margins
2. risk/ debt, particularly at a time of rising rates
3. competitive advantage
4. management
B. selling with comment about reasons.
Appreciate service you provide - thanks
Read Answer Asked by sam on November 26, 2021
Q: I just sold some stocks at a loss and the transaction will be officially completed on November 24. What is the first day I can re-buy some of the shares and avoid a superficial loss? What is the last day a stock can be sold this December and still be transacted in 2021? In future, I think I should complete tax-loss harvesting by Nov 1st - would you agree? Thanks for the excellent service at 5i!!
Read Answer Asked by Grant on November 24, 2021
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