Investment Q&A

Q: Kind people of 5i - the other day someone wrote in a question "I can move stocks in kind from my rrsp to my tfsa..." Startled I was. Is this correct and can one not yet using or not yet maximizing their tfsa simply transfer shares in kind from their rrsp to either a new or an existing but not maxed out tfsa and thereafter use the resulting monies withdrawn from their tfsa without tax. Or am I misunderstanding something such as the transfer from the rrsp to tfsa would still have a 30% holdback and the need to declare the share value at date of transfer as income in the year of transfer. A clear understanding of this issue is what I'm seeking with thanks.

Q: My daughter’s Investment acct and TFSA are reasonably balanced. TFSA holdings and returns are below. TFSA value is $88,247.

Stock Value Return Portfolio
Percentage
Bank of NS 11,228 5.83% 2.43%
Dollarama 9,741 -37.44% 2.11%
Element Capital 9,660 -9.56% 2.09%
Knight Therapau 12,304 -3.93% 2.67%
Parkland 14,136 119.37% 3.06%
Transcontinental 5,790 -39.08% 1.26%
Savaria 13,060 68.90% 2.83%
Spin Master 11,517 1.09% 2.50%

I’m thinking of splitting the 2019 $6000 contribution between TCL.A and SIS. Second choice is add a new stock such as CAE. Any thoughts? Many thanks.

Q: I have a few "balance" portfolio positions in my trade account that I am wondering about transferring to my TFSA. From 5iR answers, I take it growth is one factor to consider for possible positions for a TFSA and also a preference for less cyclical business companies.
MX is a dominant primary supplier but might be like a little cyclical what with seasonal demand by customers.
Then there is TFII that is growing through acquisitions but is tied to the general economy which is cyclical in nature.
Also, NFI has to business segments, buses and RV, and good backlog but is volume of business depends on municipal funding for transportation vehicles and then for RV, the "wealth" of folks...both segments have volume variability over time.
For growth, there is VB, although a smaller company relative to the other three.
With this, would you consider these good TFSA candidates? And if so, what order would you rank them, like first to last?........Thanks.....Tom

Q: From Bob's question:
Q: I can move stocks in kind from my RRSP to my TFSA account,
Looking at some of listed stocks that have had a bad year. Which ones would you pick to move?
What would be the advantage? And the tax implications?

Q: Regarding Bob's question on moving stocks in kind from an RRSP to a TFSA , there would be a tax implication when the stocks come out of the RRSP would there not?

Q: I can move stocks in kind from my RRSP to my TFSA account,
Looking at some of listed stocks that have had a bad year. Which ones would you pick to move? Please rank them in preference,

Would you make the transfer early in 2019 or wait till later in the year.

Thank you,

Bob

Q: Would you consider WEF an appropriate long term holding for a TFSA (diversification is covered). The numbers seem to suggest a very attractive entry point. Am I missing something?

Q: Happy Holidays,
Looking for some TFSA investments ideas. Could you suggest 3 names CDN or U.S. that you think have a chance to hit it out of the park over the next 10-15 years?

Q: I have been told that the max. contribution to a TFSA has been increased to $6000.00
Can you confirm that? H.

Q: I just transferred $54,000 from my tsfa to my personal account. How do I find out how much I can transfer to my tsfa from my cash account thanks

Q: 5 Cos for an entire TFSA

Q: In reference to a question answered today, the person asked about taking equities from a RRIF in kind, then transferring to a TFSA after year end.Can you explain the procedure?
Thanks

Q: Good afternoon 5i,
As usual, thank you for your level-headed advice, especially during this time in the market. It is time to decide on a candidate for tfsa. We will be taking stocks out of our rif in kind to margin and then transferred into tfsa in Jan. I am debating which would be the best strategy regarding two stocks that I am considering, and wondering the best criteria to decide. I would really appreciate your take on the situation.

the two stocks are Toy and Goog. Neither of them has a dividend to worry about, so no withholding tax for the US stock, and no lost dividend tax advantage for the Canadian.

I have about a 40 percent profit in Google and Toy I just bought recently and have about a 5 percent profit (so far). I like the idea of growing them in the rif because of the tax advantage and ten putting them in the tfsa.
I am not sure but I imagine the decision comes down to growth. Which one will grow the fastest. Relative safety could also play a role, but the stocks have already been bought. Wondering what your suggestion would be on this?
thanks

Q: Moving your money from Regular acct to TFSAs

I am at a quandary as the market starts to lurge from the grave on a strategy moving capital from my regular account to my tfsa.

I'm letting my energy stocks ride ( i know i know, it's madness, but there's so little left there).

My real question is between my so so stocks which have regained and and are showing signs of going positive, down 30% to 3% and my winners in tech which some have done very well while some are plodding along. I'm thinking of moving one of more successful ones like SHOP AMZN ADBE or would GOOG MFST ( a recent buy) be a better choice.

I suppose the question I'm asking is more of a strategy first question rather than a specific stock. I feel no real need to buy something new, so is shifting one of my winners to the TFSA sound?

Any insight would be helpful. Deduct what is necessary.

Q: Which types of shares/etfs should go in a cash account rather than a TFSA?
Thanks for the great help in good times and bad.

Q: I have a Tax Free Saving Account government regulation question. In January 2019, I contribute $6,000.00 dollars, the new possible limit per year. Then, in January 2019, I transfer in-kind from regular account to my TFSA a stock worth $6,000.00 dollars. Now, can I buy another stock in the TFSA with the $6,000.00 dollars in cash in the account?

Q: can I contribute stock in kind as opposed to cash into a TFSA as either a new contribution or in replacing cash previously taken out.

Q: Greetings, I have not asked a question for a while now (2 years?); here it goes. This seems like a good time to deploy some of my cash held in my TFSA. Can you suggest a stock similar to KXS in potential? Maybe GUD, PHO? Thanks as ever.
Henry

Q: I am new to this service. Over the summer I averaged in 75K into a TSFA and have been following the 5i balanced portfolio. I am down quite a lot since I bought in at market highs but fortunately have a strong stomach. I held onto 10K in cash in this account. Would you use the recent downturn to deploy any of this cash? If so can you please advise on which stocks you might ‘top up’ or consider here? I have a 15 year time horizon…

Q: I have 24k US to deploy in my TFSA account. My question is 2 fold.
Looking at a 3-5 year time horizon.
1)Should I keep the money is US $ or convert to CAD$
2)In view of the aforementioned time line what securities constitute a unquestionable buy at the moment.
Appreciate your services rendered.
S