Investment Q&A

Q: I have a TFSA with RBC and another with TD. If I switch the RBC to TD will RBC charge a fee for the change and if so how heavy a levy?
Are there any other consequences re such a change as far as the tax free nature of the investment is concerned?

Q: Can I buy XRP (Ripple) in my TFSA?

Q: In 2019, a TFSA account had the max contribution to date of 63,500. Then 20,000 was withdrawn later in 2019. No contributions were made in 2020,2021 which had 6000 limits. Would the max allowable contribution today be 32,000?

Q: Hi Team, is there any drawback in owning US stocks in a TFSA or RSSP account. Thanks

Q: 18 year old making first tfsa contribution what would be your top 3 stocks

Q: there are often questions about replacing positions in a TFSA by way of transfer outs. but then there is mention that there will be a need to wait until the next year to contribute to the TFSA to replenish for this transfer out.
just want to say, to get around this waiting period, I transfer in cash or security one day for the slightly more than I expect to transfer out and then the following day, transfer out the position and then the following day, make an adjustment for the difference between the the transfer in amount and the transfer out amount.
for me, been doing this for some time, aka years, and all is well.....just a heads up but use you own judgment .....Tom

Q: would BAM.A be better in a TFSA or RRSP?

Thanks

Q: Good morning, could you highlight the types of investments and how best to acquire them, that are most ideal to be held in TFSA to minimize any foreign tax issues.

Q: For these three companies, would they be good candidates for the TFSA, knowing they are smaller capitalization entities? And if so, what order would you suggest doing so or all somewhat equal.
......Thanks....Tom

Q: Hi guys. First, thank you for the great advice and it is a pleasure to belong to 5i Research. Based on percentage, how much US or foreign stock/ETFs can I have in my TFSA without having tax implications when I sell? Or, are there no tax implications because the investments are in a TFSA? Thanks.
Mike

Q: TFSA QUESTION

Please confirm

daughter born nov 2001.
no contribution to date.
Her contribution room total for 2021 is 18 000 ?

Ernie

Q: Can BTCC.B be held in a TFSA?

Q: My daughter is starting a TSFA account. I have suggested the following for a long term hold:
One of these 3 banks BNS, TD, or RY; FTS, CNR, BAM.a, WSP, JNJ, & VGG. You thoughts on these picks and any suggestions you might have.
Thank You,
Earl

Q: I have all three currently in a taxable account and about to transfer something into a TFSA. Would you have any preference over these three great companies at the moment for that?
thanks

Q: Hi, I would like to add one more security to my TFSA account and I already have the following KXS, SHOP, REAL, GSY, LSPD, WELL (thank you!). Can you please suggest one more name (either US or Canada) without worrying about sector or risk. I have other securities in RRSP.

Q: Question regarding investing in a US dollar TFSA. Are returns taxable in any way? And if so are these deduction at source before generating into the tfsa? If there are consequences, what is best inside the US tfsa, dividends or capital gains. Deduct as needed

Q: Re (Arthur Q from 9 Feb 21): "Am replenishing my wife's empty TFSA with CAD.76,000 from home loan 2.95% p/a variable".

I might add that the cost to borrow $ is not tax deductible if the money is invested inside a TFSA.
SP

Q: Isn't Sandy about to exceed the cumulative total TFSA limit?

Q: Hi: My daughter is self employed and puts excess profits into her TFSA, to pay herself forward. In other words she pays herself so much per month. As another big commission cheque arrives she puts that toward her future monthly income, so that no matter what happens, ie slow sales, then she is prepaying herself into the future. She has accumulated over 50K now with the $$ just sitting in a very low interest savings account and not making much in interest.
Do you have any suggestions towards putting this into a low risk ETF or Blue Chip Stock or other suggestions? If so, what percentage in each? A portion could also go into a slightly higher interest fund. Any other suggestions you might have would be greatly appreciated.
Thanks. Ken ...

Q: I have approx. $90,000 to deploy into my husband’s TFSA. He is 66 and has not been taking advantage of the benefits of a TFSA. Can you please advise me of 12 stocks, and the weighting for each one, that you would highly recommend to get us off to a good start and continue to grow his TFSA. I’m ok with sensible risk. Thank you so much!!