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.
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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: When will PIH release fourth quarter and year end earnings? When do you expect the company will get analyst coverage? Risks understood what do you think of PIH?
Q: Do these securities qualify for the dividend tax credit in a non registered plan? Thanks
Q: Peter and His Wonder Team
This is a question about RSP and RIF accounts. What happens when you sell a stock for profit in these accounts. Do you have to declare the profit immediately on this years tax return? Or do you just pay the tax when you withdraw money from the account... when you must withdraw a certain percentage every year after 65years of age. In other words your profits can just accumulate in the account and taxes are assessed when you withdraw funds out of the account itself?
Dr.Ernest Rivait
This is a question about RSP and RIF accounts. What happens when you sell a stock for profit in these accounts. Do you have to declare the profit immediately on this years tax return? Or do you just pay the tax when you withdraw money from the account... when you must withdraw a certain percentage every year after 65years of age. In other words your profits can just accumulate in the account and taxes are assessed when you withdraw funds out of the account itself?
Dr.Ernest Rivait
Q: I have owned Cominar REIT in my Investorline account for a long time. I have noticed that my average cost keeps decreasing to the point it is now $.0782. What's going on?
Q: Which type of account is it best to hold gold in? (both stock ETFs like XGD and bullion like CEF.A) TFSA, RRSP or Non-registered? Can you please rank in order of the three account types?
Q: Hello,
In a previous answer you mentioned that the distribution for CBO, for tax purposes should be treated as interest income. Is the same true for XHY? I checked on Blackrock site but could not find tax related info.
Thank you
In a previous answer you mentioned that the distribution for CBO, for tax purposes should be treated as interest income. Is the same true for XHY? I checked on Blackrock site but could not find tax related info.
Thank you
Q: My son turns 18 this August, when can he begin his TFSA?
Q: Total return index ETF; is it good ?
Q: Recently I overheard a retired investment advisor talking at a luncheon I attended. He said that since the liberals were spending so much lately that they will be soon looking for ways to increase government income. His feeling was in increase (up to 75%)in capital gains tax. His suggestion was to sell anything which had large gains now. This kind of concerns me as I hold shares in firms like Bell and others which I have had for over 30 years. Thank you for your thoughts on this. I read all the questions people submit and feel I am learning a lot from them
Ken Beatty
Ken Beatty
Q: Re Pegi and Peg here in Canada - it appears they are a US based company listed here in Canada - the 2015 and 2016 "dividends" were considered non-taxable return of capital for US tax purposes (per info from the company website). Would you or any reader know what the tax treatment would be for Canadian tax purposes of a US ROC distribution?
Q: In one of your answers today you said, "In Ontario, if dividends are you ONLY source of income, you can receive about $58,000 completely tax-free if you just have Canadian dividend income." Can you please provide a source that would confirm this? (A link would be appreciated.) I looked at the tables on www.taxtips.ca, and it appears the threshold is $45,282.
Q: Losing money on BTE in a regitered account. Can i buy buy in and out and keep averaging down always maintaining my original position without waiting the 30 day period. Thank You Vinny
Q: I'm not aware of the nature of the A&W distribution, but a non-eligible dividend is not taxed the same as interest as indicated in the Q&A earlier today. The following link will provide the precise tax rates for Ontario (other provinces also available on that website) at different levels of income:
http://www.taxtips.ca/taxrates/on.htm
http://www.taxtips.ca/taxrates/on.htm
Q: BXF / First Asset 1-5 Year Laddered Government Strip Bond Index ETF
How do you feel about BXF compared to CLF? BXF is supposed to be more tax efficient outside a registered account. (I am looking at holding it outside a reg account). Are there any other comparable tax efficient ETFs?
How do you feel about BXF compared to CLF? BXF is supposed to be more tax efficient outside a registered account. (I am looking at holding it outside a reg account). Are there any other comparable tax efficient ETFs?
Q: Hi 5i team,
Could you please tell me whether this ETF pays dividends or interest income? Until now, I have been assuming that CBO pays dividends for tax purposes, but I read an article in the Globe&Mail which states that bond ETFs pay mainly interest income.
Many thanks for the great service.
Could you please tell me whether this ETF pays dividends or interest income? Until now, I have been assuming that CBO pays dividends for tax purposes, but I read an article in the Globe&Mail which states that bond ETFs pay mainly interest income.
Many thanks for the great service.
Q: Can you please provide a strategy summary for the following.
I'm trying to find a quick general guide to what types of stocks (and why) are best placed in a RRSP, what's best for a TFSA and what's best for a non RRSP/TFSA account.
thank you
I'm trying to find a quick general guide to what types of stocks (and why) are best placed in a RRSP, what's best for a TFSA and what's best for a non RRSP/TFSA account.
thank you
Q: •Foreign property held within registered plans like RRSPs, LIFs, RRIFs, LIRAs, TFSAs, RESPs and RDSPs. As to my understanding if I have over $100000 in u.s. stocks held in one of the accounts above I do not have to report it on cra form 1135..hopefully that gives this question more clarity ...thanks
Q: I have been doing research but am not getting the answer i require. How much u.s. stock exposure can we have in rsp and lira accounts and not be subject to u.s. capital gains tax. I have heard about $100000 u.s. dollars as a threshold but cannot find that for sure. Could you enlighten me on this matter.
Q: If US Limited Partnerships are held in a RRSP/RRIF are the distributions liable for US tax? If yes, does the broker withhold the tax ?