Investment Q&A

Q: Are there tax implications to holding XUS and XSP in a TFSA?

Q: Hi,
Can you break down simply how you decide what types of stocks/holdings you recommend hold in which account (tfsa, rrsp, non registered). I am early 30s with a long term outlook on that majority of my holdings, all drips are used (including proxy's where needed) and all contribution space is filled each year in all registered accounts.

Thanks

Q: Small TFSA started last year and now looking at bringing it up to the maximum with contributions this year and beginning of next year. Would like to try and grow it towards $100,000 and then in about 4 years transition more to income producing holdings to augment pensions. Could you please comment on the current holdings listed below and suggest where to top up, replace or add and to what %. Prefer Canadian holdings to avoid U.S. tax issues.
Many thanks as always

KXS 30%
BNS 25%
BEP.un 10%
SIS 10%
GC 9.5%
PHO 6%
TSGI 6%
GUD 2%
COV 1.5%

Q: I know you have stated that "growth" stocks are best to be held in your TFSA.
I just turned 70 - I had put Dollarama and Savaria in this account and Dollarama is recovering but Savaria is not, to date, although I know you still like it.
The problem is that when you have it in this account and things don't work out, you can't sell and claim a loss vs putting it into your Non-RRSP account.

Shouldn't your age and time horizon come in effect when deciding on what goes into each account.
Thank you
Margaret

Q: Hi guys! I asked this question a few days ago and received no reply. Not sure what happened, it could have been on my end. I have equal portions of these 8 stocks in my TFSA. What do you think of these stock selections?
Thank You !

Q: The above funds are presently held in my TFSA - managed account with 1% fees. Unhappy with the overall performance of this account. Are any of these growth funds? Which would you sell. Please recommend funds for a TFSA? Thank you.

Q: Good morning:
What type of stocks should be put in a tfsa compared to a cash account. Should it be all growth stocks with no dividend or all dividend paying stocks or a combo of both in a tfsa.
Thanks
Mark

Q: My daughter is 20 and has maximized her TFSA allotment in an annual lump sum for past three years, and is likely to maximize every year going forward. I'm trying to simplify her investing so what ETF's would you recommend if she doesn't need the money for three years? Would you recommend different ETF's if she doesn't need for 10 years? What about 20+ years?

Q: Have the above stocks in a TFSA. Would like to add 3 stock to the collections. Suggestions or should I just add to the exiting stocks. Long term hold 5 years plus. Thanks

Q: My TFSA is 1% and my RRSP is 5% of my overall portfolio, does it matter what stocks I invest in? I have maintained a balanced portfolio (excluding utilities, energy) in my RRSP but I am thinking I don't need to do this. My TFSA has returned over 300% in three years so I get some enjoyment out of that. I have reduced some of my high fliers but have recently stopped doing that, deciding them to let them soar (keeping in mind that could dive as well). Thanks

Q: A year ago a member asked about BL.UN. You had suggested RBOT ETF. They both have a MER of 0.9%. I think BL.UN is a CEF. They have quite different holdings. I am looking for a Canadian Fund or ETF with Hi TEch holdings in my RRIF. The top holding of BL.UN seemed to fit. I appreciate your view on this.

Q: Hi,
I'm looking for advice to build a TFSA portfolio. It can be all stock, all ETFs or a combination of both. Probably, no more than 8-10 securities. I am more of an income oriented investor with a time horizon of 4-5 years.
Thank you

Q: As I need more US exposure, I am thinking of purchasing VUN, in my TFSA . Will this be subject to US withholding taxes?

Thanks
Helen

Q: Currently have cash flowing rental property where I've built some cash reserves that I'd like to put to work. Looking for stable, lower risk, higher yield opportunity to put this cash to work in TFSA. Any recommendations?

Q: Dear 5i
My wife contributed $5000 to her TFSA 2009 , 2010 and 2011 totalling $15000 . Two years later it was necessary for her to withdraw the total amount leaving a balance in her TFSA of $0 .
In 2018 we calculated that from 2009-2018 her total allowable contributions totals ~$57500 . As such she puts this much into her TFSA in a lump some in 2018 .
CRA informs her that her contribution room Jan 1/18 is only $50300 and as such says she has over contributed by roughly$6900 . Does this sound right to you or have we somehow miscalculated .
Thanks
Bill

Q: Hi,
Is there a strategy to transfer stocks with nice capital gains (SHOP approx 250%) from my Margin act to TFSA. My understanding is that such a transfer is considered a deemed disposition. Thanks.

Shyam

Q: Good morning,

I understand from a recent 5i article that BAM and AQN pay out their dividends in US$ and that for a number of very good reasons, it is advantageous to have the US$ dividends from these two companies journaled to the US side of my account.

At present I have a 500 shares of BAM.A.CA and 500 shares of AQN:CA in my Cdn Non Registered account that pay out their dividends in Cdn $. Given that I have a US$ Non Registered account and that I need US$ from time to time to either purchase US stocks or for travel in the US, it would make sense for me to request from my brokerage firm that dividends from these two companies be journaled to my US$ Non Registered account.

Question 1. With the dividends now being paid in US$ and showing up in my US Non Registered account, would the BAM and AQN shares themselves be shown in the US$ account or would they remain in my Cdn$ Non Registered account with the dividends from these two companies, paid out in US$ and showing up in my US$ account?

Question 2. I also have a number of BAM and AQN in my TFSA. Would it make sense to move these two stocks to my Cdn$ Non Registered account and have the brokerage firm journal the dividends as well to my US Non Registered account and with the proceeds of the sale in my TFSA, purchase other stocks/ETFs within the TFSA?
Thank you for your team's sage advice and I look forward to hearing your response.

Q: My tfsa account has 110k.How much since inception has a person deposited including this year if max. deposit with no withdraws.
tnx u...

Q: Can you please offer your 3 best ideas to add to a TFSA. This may include, Canadian, US Stocks or ETFS.

Thanks Valter

Q: WHAT DO YOU ADVISE FOR TSF FOR A 78 YEARS OLD SENIOR ?
THANK YOU
EBRAHIM