Investment Q&A

Q: Hi Peter & Team: Your answer to Roland Dec.3, does the average ACB apply to cash & register accts? Thank you and wish you all have a wonderful X'mas time!

Q: i was thinking of selling autocanada for a tax loss and repurchasing it 30 days later, what is your opinion fo that strategy.

Q: Hi Peter
I am thinking of tax loss . I am down quite a bit on this company and trying to recoup with tax loss . High Artic energy ,Peyto and Shawcor are also candidates for a tax loss .which would you let go ? Or should I dump my preferred enbrige shares ? Do any of these have hope in the near future ?
Candi

Q: I have the same security in 2 individual trading accounts. In one account my price is below cost so if I sell I trigger a capital loss. However I am above cost on the average of the two accounts. How does that figure for claiming a capital loss?

Q: Hi Peter & Team,

Thanks to 5i, my gains in BYD.UN are substantial, and I was thinking about some tax loss selling to lessen my tax bill.

The stocks that I hold in my margin account that are down are:
WCP (-26%)
BOS (-15%)
BIN (-14%)
TMA (-12%)

Which of these (if any) would you suggest for tax loss selling purposes, and which (if any) would you buy back after 30 days? I am considering deploying the proceeds from the sale into a money market ETF for the 30 days, but perhaps there is a better approach.

I realize that any selling decision should be driven by investment considerations, but I've never done any tax loss selling and want to "do it right".

Since this is a rather long question, please feel free to use more than one question credit. As always, thanks for your valuable advice.

Q: Recently you endorsed selling options in a TFSA. I am wondering whether there are any drawbacks with selling options for U.S. companies in a TFSA? thanks for the great service
claire

Q: I am wondering about the timing of tax loss selling for individual investors. I know that this year it has to be done on or before Dec 24. I wonder if its best to wait until the last week so as not to get caught in the downdraft of tax loss selling of large institutional investment companies. Is there any "basic strategies" you can suggest?
I have a few I'm considering : sell PPL/buy TRP. sell AFN/ buy AGU, sell MG/buy MRE, sell CS/buy LUN (or stay away from commodities)
Appreciate your comments

Q: Peter and Team:
I would like to sell comdev and realise a tidy 25% gain (Thank you very much). To offset this I would like to sell one of four equivalent $ value losers. EFN, CXI, BOS, or TFI.

Regardless of sector weighting in my portfolio could you please suggest the best candidate, and whether I should repurchase in 30 days or move on to something with more upside. (Long horizon portfolio)

Thanks

Phil

Q: From your response to Jim's question this morning, MAW150 looks quite good. I need some education on tax issues. I could either add to my TFSA in January or a fully taxed self-directed account. Can you advise on the the tax issues for each account?

Q: Hi Peter & Team: Thank you for your reply re VSN, GWO & ZDV. My goal in all my portfolios is to let it grow and minimize cap gain and div tax if possible. I don't need income from it. Would your reply be still the same.

Also, the credit points in my account will be reset on anniversary date or it remains?

Thank you and have a good week-end.

Q: I own shares in a stock that has been delisted. Is there any way to claim a capital loss on it at tax time?

Q: I saw this article and feel it may be of interest to some members:

http://www.collinsbarrow.com/en/cbn/publications/steps-entrepreneurs-can-take-under-the-justin-trudeau-government-tax-flash#.VjjOoZC6m2g.linkedin

Q: If an investor is comfortable with owning a stock at it's current price but wants to utilize a tax loss, they can sell the stock and then write a January put option on the sold holding. They collect the premium and if put the stock, have a lower adjusted cost base. If they are not put the stock, they can choose to buy it back or not.

Q: Hello,

I have all this stocks down.
FM -72%,
G -38%,
GSY -22%,
HCG -30%,
QST -84%,
SGY -63%
TOU -52%

The question is do I sell them (for tax purposes) and hope they will be around the same price in 30 days? buy some replacement now? which ones? or let them go because they are out of favor and move to something else? What do you recommend?

The amount to invest is aprox 200K.

Thank you
M

Q: hi guys. husky will issue its dividend in common shares this quarter. what are the tax implications for shareholders. stephen

Q: Re your comment to Murray on tax loss selling bargains. Seems like PLI made a significant move following FDA approval of one of its research streams yesterday. IT and AVO have made significant moves off their respective lows recently on no news that I see. Could this be the end of their tax loss selling season, isn't it a bit early? When would you normally look for these 'bargains'? Is this a reasonable strategy to pursue?
Thanks again Peter

Q: Hello 5i,
STP went into receivership in May of this year.
I have shares still showing in my account with a value of $0.
I have not been involved with a company that has gone into receivership before, so my question is how do I declare a loss on these shares if they cannot be sold?
Post if you think this is beneficial to other members.
Regards,

Q: When does the tax loss selling start (usual date)and when does it finish?
Thanks

Q: Do you preceive that there will be less tax selling this year due to the volitility of the markets for the last 10 months.

Q: Tax related question after reading various post about stocks in different accounts.
If I buy a stock in a non-registered account and then buy the same stock at a different price in an RRSP or TFSA, no dollar cost averaging will take place here right? It is safe to say it only happens when a stock is bought at different prices in a non registered account?

thanks,

Paul