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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: Hi Peter/Ryan, I would like to buy AAPL for my TFSA, first of all can an American company be put into a TFSA and would the same rules apply to capital gains or losses, or what is different about an American company in a TFSA. Secondly, they are about to split is it better to buy before or after a split. Thanks
Read Answer Asked by Nick on August 13, 2020
Q: In response to the question about the risks of owning QTRH in your TFSA on the US side trading on the OTC, my understanding was that Securities that trade on OTC markets are not allowed within a TFSA and that you could have to pay penalties and be subject to additional tax reporting requirements if you hold these securities in a TFSA. They may want to double check to make sure that this applies to a stocks that ONLY trade on the OTC as QTRH trades on the OTC as well as on a major exchange so it may be ok to hold in a TFSA?.

Publish if you think this is relevant.
Thanks
Scott
Read Answer Asked by Scott on August 11, 2020
Q: Hi,
In my TFSA ..Im holding ECN ,PKI , REAL , SIS , XBC
I have some cash to buy 2 more cie ,, can you recommend what I should add.

Thanks
Read Answer Asked by Costa on July 21, 2020
Q: In each our TFSAs we have ZLB and CDZ plus cash. We understand that we should diversify our TFSA investments with a minimum of 5 different ETFs or mutual funds in each TFSA. Should we also consider having different investments in each TFSA?
Thank you Bradley Kempston
Read Answer Asked by Bradley on July 20, 2020
Q: Hi Everyone at 5i! My son has a TFSA with the following holdings: ATD.B,BMO,BNS,ZWU,BAM.A,ENB,FTS,GWO, KXS,LSPO,OTEX,PBH,SHOP,VGT. Courtesy of the rebalancing of Shop, he has 50K to be redeployed. I would like to purchase five companies. Any suggestions, considering what he has in the portfolio already? I am looking for long term holds , preferably growth stocks. Cheers, Tamara,
Read Answer Asked by Tamara on July 13, 2020
Q: My TFSA is about 2% of my portfolio value. Should I invest in just 1 stock or should I diversify and buy about 5 different stocks? I purchased 5 stocks last year and most are down considerably since March. (NFI, SIS, TOY).
Read Answer Asked by Roger on June 25, 2020
Q: I’d like your opinion on where certain BP holdings would be best placed in TFSA as opposed to a cash account, and if it makes sense to shift low growth stocks to the registered account and higher growth to a TFSA.

I’d like to transfer approx 3 stocks (lower growth/dividend payers -PBH, ENB, SIS from my TFSA into the cash account in December. In January I plan on transferring the same value amount back(higher growth/lower DIVS - CSU,ATD,BYD, KL plus $6000 into The cash account.

Would this be in line with TFSA rules and would it be beneficial to me to do? And what account would you buy NFI In? Still waiting on better momentum before repurchasing.
Read Answer Asked by Kelly on June 19, 2020
Q: I own stocks with a broker in my TFSA. I also hold both Canadian and USA registered stocks. Can I put registered stocks in my TFSA? If so what is the process?
Read Answer Asked by John on June 02, 2020
Q: In response to a recent question on BIP.UN, you mentioned it is best in a RRSP or non-registered rather than a TFSA. Is that the same with BAM.A:CA and BRF.PR.E:CA as well? Is the RRSP the best account tax wise? I understand this is true for all US Dividend paying stocks and US Reits, but is it also the same for any TSX listed stocks that make income outside of Canada? Then for TFSA accounts, are they best for Canadian and US growth Stocks, and Canadian Reits?
Thank you!
Read Answer Asked by Pat on May 27, 2020
Q: I am about to become a Canadian non-resident for tax purposes. (once borders reopen). I understand I can keep my TFSA in Canada with no tax issues, but cannot contribute anything more to the TFSA. Does that make sense to you? If so, would ZGQ be a good all purpose ETF to leave in my TFSA. Any issues with this etf being in a TFSA? Any other ideas? Thanks.
Read Answer Asked by David on May 26, 2020
Q: Hi Team, would you suggest some growth names for TFSA at the moment. I do have some Canadian stocks under myTFSA.
Keep up great job.
Read Answer Asked by Peter on May 13, 2020
Q: Hello 5i team,
Thank you for your help today- what I’m hoping to get some perspective on is tactics one could do to grow a portfolio- what you’d think wise or stupid, please.
In TFSA, two holdings happen to be up: AQN by 35% and NPI by 21%. Everything else is in the minus by -30 to -35% due to the current situation as generally they’re ok businesses, like two banks, phone co, etc.
Tactically, would it be an idea to sell the two that are up, and buy a few which are quite down now, then in due course replace what was sold?
I was thinking of more banks like BNS or BMO, and PPL, CNQ,SU, and KEY.
The idea being that the gains over time would be more than the growth in price of the two being sold, thus netting an overalL growth in funds.

In RRSP, two are close to break even, just a couple hundred dollars each in the red, namely T and NA.
If sold, I was thinking of BIP, BPY, and maybe SU, CNQ, and BMO- fairly similar to the TFSA idea.

I like dividends, I know SU just reduced; I’ve not heard if these others have/plan to. I think I’m fine with a 3-5yr estimation of recovery period for these ‘down’ stocks, if you think that’s likely.

I’d appreciate your counsel on this, thanks very much!
Read Answer Asked by Hilary on May 13, 2020
Q: Read today in G & M that I could transfer my RRIF in kind to TFSA. My wife and I would not need the funds from the dividends we receive. We are under water in value but have not sold any stocks. Our amounts would be below TFSA amount overall 69,500. for each of us.Would there be tax implications.Would banks charge to do this. Could we top up to$69,500 this year if we have cash becoming available. Tks 5i take as many questions points away as required for this answer.
Read Answer Asked by Guy on April 08, 2020
Q: Good morning, I hold these smaller cap companies in my TFSA for more aggressive growth, a strategy I believe you endorse.
In this new reality, I am thinking of a more conservative approach and selling the above and converting to FTS, RY, XRE, SLF.
If things recover well I will get a great pop on the big caps without the individual company risk associated with the smaller caps. If things go poorly with the recovery, my large cap mix should drop a lot less than the smaller caps.
Also, any of the above smaller caps that you do not like.

Thanks
Rob

Read Answer Asked by Robert on April 01, 2020
Q: My 22 year-old is slowly building and has a fully contributed 8 stock TFSA portfolio that includes GSY, KXS, PHO, PBH, SIS, BAM.A, CNR and TOY. Given his long timeframe (ideally, decades) this current market chaos will be far behind him by the time he will want to access the funds. That being the case, can you suggest a couple of names where he can direct this year’s TFSA contribution or are there some of his current holdings that you would add to instead of, or in addition to, any new positions?
Many thanks for your help.
Bruce
Read Answer Asked by Bruce on April 01, 2020
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