Q: My Canadian Margin account is up 29% accoding to TDW. I would like to lock in some of the gains but I already sold some stocks this year (ATD.B with ACB of $2.97 and GIL with ACB of $2.77). I sold these stocks for diversification purposes but they are still my two biggest holdings in my portfolio. I cannot afford to sell any more stocks as all my holdings are in the black and I would incur capital gains. I would have to take out a loan to pay the capital gains tax if I sold some more stocks. Would there be any way to lock in gains with options for 2019?
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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: 7:10 AM 4/11/2019
When I search the BIP.UN website I find:
"Specified Foreign Property
For the purpose of reporting foreign property by Canadian investors, pursuant to section 233.3 of the Canadian Income Tax Act, Brookfield Infrastructure Partners L.P. is not a specified foreign property and therefore does not need to be reported on Form T1135 - Foreign Income Verification Statement."
However when I search the BEP.UN website I find no comparable statement. But I get a statement from TDWaterhouse Wealth to the effect that BEP.UN IS a foreign property.
Does this mean that BEP.UN needs to be reported as foreign ownership or is BEP.UN just like BIP.UN and TD has made a mistake?
Thank you....... Paul K
When I search the BIP.UN website I find:
"Specified Foreign Property
For the purpose of reporting foreign property by Canadian investors, pursuant to section 233.3 of the Canadian Income Tax Act, Brookfield Infrastructure Partners L.P. is not a specified foreign property and therefore does not need to be reported on Form T1135 - Foreign Income Verification Statement."
However when I search the BEP.UN website I find no comparable statement. But I get a statement from TDWaterhouse Wealth to the effect that BEP.UN IS a foreign property.
Does this mean that BEP.UN needs to be reported as foreign ownership or is BEP.UN just like BIP.UN and TD has made a mistake?
Thank you....... Paul K
Q: Example. If I purchased a $1000.00 worth of shares in stock XYZ, the shares are now worth $100.00 and I'm going to sell them. Am I allowed to contribute $900.00 back into my TFSA to make up for the loss?
Q: When we hold u.s. stocks in lif and rif do we have to report if the total in u.s. funds exceeds $100000 or is that only a factor in unregistered accounts.
Q: Would you know if MDIV (a US etf) qualifies as a holding in a Canadian RRIF?
Q: Are the fees for the Portfolio Analytics membership tax deductable?
Not a question, but sharing information. You mentioned fees could be claimed as Carrying Charges. Previously, someone mentioned claiming the fees as Investment Counsel. So far, this has been successful for me. I figure, instead of paying my previous (useless) Advisor about $10K/year, I now receive my advice from 5iResearch.
Not a question, but sharing information. You mentioned fees could be claimed as Carrying Charges. Previously, someone mentioned claiming the fees as Investment Counsel. So far, this has been successful for me. I figure, instead of paying my previous (useless) Advisor about $10K/year, I now receive my advice from 5iResearch.
Q: I currently own Shopify in a non-registered account, with significant gains. Thank you for this recommendation. Do you think it is going to continue with its gains and if so, would it make sense to move it to my TFSA? I will eventually have to take the tax hit on the gains, regardless. I have room in my TFSA to buy it back with the gains that I have made. Thanks
Q: Are the fees for the Portfolio Analytics membership tax deductable
Q: When filing your income tax return and you have to declare stocks sold in a particular tax year from an open account ( T5008) the CRA requests the Adjusted Cost Base for those stocks/sales. Can I as an individual calculate the ACB or do I have to have my financial institution provide it? If I can calculate it what backup material do I have to provide?
Q: Does this etf qualify for the Canadian dividend tax credit in a non registered account? If no, how is the dividend taxed? Is there a US 15 per cent with holding tax ? Thanks for the information.
- Global X S&P 500 Index Corporate Class ETF (HXS)
- Global X S&P/TSX 60 Index Corporate Class ETF (HXT)
Q: Good mornng,
Thank you for your prompt and very helpful answer to my question re: Mutual funds/ETFs that do not pay any DISTRIBUTIONS and only generate CAPITAL GAINS.
As a follow up to your general HORIZON Total Return ETFs recommendation, what are your thoughts in terms of appropriateness if I were to split the amount to be invested in each of my minor grandchildrens' Non Registered in-trust accounts as follows: 50% in HXS.CA and 50% in HXT.CA? Your comments/thoughts on these specific ETFs would be most appreciated. Feel free to recommend other ETFs as need be . Thank you.
Thank you for your prompt and very helpful answer to my question re: Mutual funds/ETFs that do not pay any DISTRIBUTIONS and only generate CAPITAL GAINS.
As a follow up to your general HORIZON Total Return ETFs recommendation, what are your thoughts in terms of appropriateness if I were to split the amount to be invested in each of my minor grandchildrens' Non Registered in-trust accounts as follows: 50% in HXS.CA and 50% in HXT.CA? Your comments/thoughts on these specific ETFs would be most appreciated. Feel free to recommend other ETFs as need be . Thank you.
Q: would you confirm for me if it is correct that DSC can be deducted from capital gains as outlays and expenses. and would be claimed using schedule 3 when completing my income tax return? thank you
Q: are the dividend from the above stocks taxed at 50% income or full income ? is there a change in the new federal budget so all dividends will be 100 % taxable
Q: Concerning Canadian Cies (like FFH or TRP ), paying dividends, but getting a significant part of their revenues from the US or from foreign Cies that they own : Do we get the whole tax credit on their dividends ? Or is it only in proportion of the Canadian portion of the Cie ?
Q: Looks like Horizon swap indexes will have a limited life expectancy.
From budget:
"Improve existing rules meant to prevent taxpayers from using derivative transactions to convert fully taxable ordinary income into capital gains taxed at a lower rate."
Comments?
From budget:
"Improve existing rules meant to prevent taxpayers from using derivative transactions to convert fully taxable ordinary income into capital gains taxed at a lower rate."
Comments?
Q: Does the new digital subscription tax credit apply to our 5i newsletter fees?
Q: Hi, if I hold either of these stocks in a TFSA would they be exempt from any U.S. or foreign tax reporting? From a tax reporting perspective would it be the same as if holding them in an RRSP? Thanks.
Q: Time for tax loss selling? How much chance is there of this stock going higher in a month? Related to this is , at this point, is there any sense in tax loss selling right now, rather than holding until the end of they year, collect the dividend and then sell, if it is still down.
thanks
thanks
Q: I hold this and some others in my US rsp account and they withhold taxes on the dividends. Do you know why and if I can get exempted? Thanks
Q: I have rec'd a class action settlement amount from Agnico. Any idea how I report this on my taxes? Tx.