Q: Portfolio question..if I sell a security in my cash account at a loss, can I immediately buy the same security in my sheltered account (RSP or TFSA) without endangering the capital loss or do I need to wait 30 days?
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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: If I receive $10000.00 in dividend income, do I get an additional 18% contribution room in my RSP from this income?
Q: My portfolio is predominantly made up of 4 company's stocks. They are ATD.B, GIL, HCG and SJ. With the exception of SJ (bought it in 2006) I have owned them all since 2002. I have significant capital gains from them all and have been selling them off slowly over the past three years. In each of the past three years I paid significant taxes due to the sale of these shares. I have tried to offset some of the gains by selling some of my losers but the gains are much higher and selling my losers makes the imbalance in my portfolio greater. Do you have a suggestion on how I can help balance my portfolio and avoid paying significant capital gains taxes?
Q: If I sell POT. for a capital loss and buy AGU (same capital investment) am I doing any tax avoidance
Q: out of all the stocks you mentioned that could possibly present an opportunity during tax loss season/window dressing which would be top 5 in terms of potential and safety?
Q: When does tax loss selling start and end this year? Also what are the stocks that are most likely to be hit? The other part to my question is which, if any, of the tax loss selloffs would be worthy of acquiring?
thanks so much for the service you offer! I'll be a lifelong member!
thanks so much for the service you offer! I'll be a lifelong member!
Q: PEG(PEGI:US) pays 7%,which "100% of distribution is characterized as non-taxable Return of Capital" which account is best to hold RRSP, TFSC or regular taxable account. Maybe you can explain why hold it at all , if I am only getting my own money back?
Thanks...Cec
Thanks...Cec
Q: For tax purposes, in which account should I hold ZWU ETF by order of preference, Direct trading, TFSA, RRSP?
Thanks for your honest services.
Bob
Thanks for your honest services.
Bob
Q: Hi I am confused by your answer on ROC in a tsfa In my opinion the tsfa is a ideal place for those stocks that pay a return of capital I have been doing this since inception .My tsfa hold mostly .UN vehicles
Kind Regards
stan
Kind Regards
stan
Q: What's your advice for a younger investor with regards to TFSAs and RRSPs versus non-registered accounts? Should we direct all our savings to registered accounts until we max out our contributions and then direct excess to non-registered accounts? Is there a case to be made for the tax-loss advantages of non-registered accounts before looking at RRSPs? I see TFSAs as a more liquid savings account and an RRSP as much less so. Thanks.
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BCE Inc. (BCE)
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Canadian Apartment Properties Real Estate Investment Trust (CAR.UN)
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NFI Group Inc. (NFI)
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Premium Brands Holdings Corporation (PBH)
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Spin Master Corp. Subordinate Voting Shares (TOY)
Q: Hello,
The following 5 companies are on my buy list to complete my portfolio:
PBH
TOY
NFI
BCE
CAR.UN
I have room for two in my TFSA, two in my non-registered and one in my RRSP. How should I divide the above 5 stocks into these accounts?
My plan is to buy on pullbacks. But I'm thinking about buying CAR.UN now because it has already pulled back on the mortgage news. Does this make sense?
The following 5 companies are on my buy list to complete my portfolio:
PBH
TOY
NFI
BCE
CAR.UN
I have room for two in my TFSA, two in my non-registered and one in my RRSP. How should I divide the above 5 stocks into these accounts?
My plan is to buy on pullbacks. But I'm thinking about buying CAR.UN now because it has already pulled back on the mortgage news. Does this make sense?
Q: HI 5I, for investor in the high income tax bracket , is there tax advantage to invest in stocks with high dividend in non-registered account and stocks with high interest in registered account. And how to find out the yield is paid in dividend or interest ?
Q: I have not yet exchanged my Intertain shares but if so I would take the exchangeable shares as you have recommended. However I am considering the following option: sell my Intertain shares on the open market this week and buy the Exchangeable shares (probably) when they become available. Could you please comment on this strategy the advantages and disadvantages. Thanks.
Q: I own a stock and i want to buy and sell in an attempt to average down my cost and eventually to get even. I would always use the new money invested to trade in and out. This is in a non- registered account. Can i do this without waiting the 30 day period.
Thank You
Vince
Thank You
Vince
Q: I don't know if this question comes under your umbrella. It concerns money borrowed to invest, with the aim to claim the interest for tax back. I have done a Google check but i am not sure whether all loans can be used this way. currenly I use a small margin credit on my accounts, which comes to 3.75 per cent. I know that I can do much better than that, if i borrow on my house. But, would such a loan be seen as tax deductible for investing services.
thanks
thanks
Q: I have the (dubious ?) honour of being age 71, and as such I must convert my RRSP into a RRIF by this year-end. I am also aware of a rule that allows me to use my spouse's age (younger) to determine the minimum percentage that must be withdrawn each year. I further understand that the CRA rules do not allow any change once this choice is made.
The minute CRA says there cannot be any changes, a red flag goes up, and I wonder if I am missing something. Do you (or other subscribers) know of any reason why I should re-consider choosing the lower withdrawal rate. Thanks for your great service. T.
The minute CRA says there cannot be any changes, a red flag goes up, and I wonder if I am missing something. Do you (or other subscribers) know of any reason why I should re-consider choosing the lower withdrawal rate. Thanks for your great service. T.
Q: Could you give me a synopsis of the VCM latest results? They seem to beat estimates, but the stock is tanking.
Thanks!
Thanks!
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iShares Russell 2000 Growth ETF (IWO)
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iShares U.S. Small Cap Index ETF (CAD-Hedged) (XSU)
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Vanguard U.S. Dividend Appreciation Index ETF (VGG)
Q: Hello 5i: Can you provide me with two Canadian ETFs equivalent to VIG and IWO.
I believe the foreign exchange rate + 15% withholding tax (clipped at source) + CAD dollar uptrend (It could happen), are sufficient reasons not to go US-bound
Thanks
I believe the foreign exchange rate + 15% withholding tax (clipped at source) + CAD dollar uptrend (It could happen), are sufficient reasons not to go US-bound
Thanks
Q: On 12.July 2016 I sold from my US margin acc. CBM (US) with $2,190 profit (capital gain).
Later on 5th. of August I bought CBM again an sold it on 22.Aug. with $929 loss.
My question is:can I claim in my 2016 tax return this loss of $929 against profit of $2,190 from previously sold on 12.July CBM.
Thanks Andrew
Later on 5th. of August I bought CBM again an sold it on 22.Aug. with $929 loss.
My question is:can I claim in my 2016 tax return this loss of $929 against profit of $2,190 from previously sold on 12.July CBM.
Thanks Andrew
Q: I own Johnson Controls and they have just merged with another company in Ireland (tyco). There is a withholding tax of 15% on the disposition of the shares, a non residence tax, which exceeds my gain. What is this, and is this right.