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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: Good afternoon Peter and Team,

I 'attempt' to offer advice to my son who wishes to contribute his $5500 to this year's TFSA. At the present, his TFSA holds the following:
DHX.B (8.9%); EMA (19.9%); HXS (13.7%); GUD (8.5%); MDA (18.4%); SIS (6.7%); WSP (24%).

Should he add to an existing position, or should he start a new position (KXS is one we're considering)? Also, should some re-balancing occur? (Both EMA and WSP have done well).

Thanks as always.
Read Answer Asked by Jerry on January 13, 2016
Q: Hi...currently in my wife's TFSA she has the following equities:(percent of portfolio is beside symbol)
AYA 31%
GUD 14%
TA 6%
MFC 18%
QST 2%
PRW 1%
PPY 5%
DHX 15%
With this years $5500.00 contribution, what would you add to this portfolio? I am thinking at least 2-3 year time frame with growth. CXI? PHM? ALA? XTC? A bank stock? etc.

Thanks.
Read Answer Asked by Derek on January 11, 2016
Q: I understand that if I transfer a stock from a non registered account to a TFSA a/c I cannot claim tax loss on the transaction. Am I correct to assume that if there is a gain, then a capital gain is not applicable as well?
Read Answer Asked by Rajiv on January 06, 2016
Q: Hey guys, I will be adding to my TFSA soon and I was thinking about these companies, magna, knight, esl and dh. Both magna and dh have seen major pullbacks during the last few months. Please rank them 1 through 4.
Thanks,

Jim
Read Answer Asked by jim on January 04, 2016
Q: Hi, I have room to move two additional growth stocks I currently hold in my non-registered to my TFSA. I have very small positions (1K to 2K) in these ones, as they are high risk. The choices are:

CXI
TNC
OTC
KXS
PTG

Which two would you move?

Best,

Carla

Read Answer Asked by Carla on January 04, 2016
Q: Has the limit for TFSAs officially been reduced? If not I suppose we could transfer $10,000 over tomorrow, could we not? Could we be penalized? Thanks!
Read Answer Asked by Donald on December 31, 2015
Q: Hi Peter and Team!!! Hope everyone had a great Christmas Holiday. I have been religiously contributing to my kids TFSAS . They hold the following...ATD,BMO,BNS, ZWN, FTS, GWO, HHL, CBO, KPT, NFI. When the new year hits, I am ready to deploy the 5500$ allowed. I am looking at growth...Shopify maybe? What would you suggest? Have a Healthy and Happy New Year. Cheers, Tamara
Read Answer Asked by Tamara on December 28, 2015
Q: merry xmas everyone.. Am I allowed to deposit my $5500. today for year 2016 rather than wait till after Jan, 1st, Thanks Cliff
Read Answer Asked by cliff on December 25, 2015
Q: Hi,

In January, when the TFSA limit is increased, I will be moving some of my non-registered stocks into my TFSA. My plan is to leave high dividend stocks like BNS and FTS in my non-registered and move growth stocks with no dividend or small dividends to the TFSA.

So what do I do with SIS and SYZ? They both have great dividends but I think would also have lots of growth. Would they be better in my TFSA or non-registered?

Happy Holidays!

Carla
Read Answer Asked by Carla on December 24, 2015
Q: Morning ... well the 'cat is out of the bag' much to my dismay our 2016 TFSA contribution will be back to the $5500 limit ...an added * was that 2017 would have inflation written into our limit amount. Basically that is how we got $5500 from $5000 was because of inflation. My question is would I be correct in presuming that 2017 may go up $500 ? and also if I sell from Non registered now can I buy the same stock in TFSA on January 4th or do I have to wait 30 days. TY for all you do during these most troublesome times.
Read Answer Asked by Alan on December 09, 2015
Q: I see there have been a few comments about the new TFSA limits put forth by the Liberal Gov't. The 2016 limit has been reduced back to $5,500 however, they are keeping the 2015 limit of $10,000 in place. The big concern was they would pull back the $10,000 limit that the Conservative gov't put in place, yes going forward starting in 2016 it will be $5500 but they will not remove the $10,000 for 2015. This contribution room will always remain here, in other words if you didn't make a TFSA contribution in 2015 you can put $15,500 in 2016.
Read Answer Asked by Chris on December 09, 2015
Q: In response to Brenda, the Liberal government has made it clear that the TFSA limit for 2016 is going to be $5,500, so there really isn't a reason to put $10,000 in for 2016 even if the legislation isn't finalized by January 1, 2016.

At best, you will have the administrative headache of later having to remove the amount without penalty. At worst, you will have the administrative headache of later having to remove the amount plus a penalty for the over-contribution.
Read Answer Asked by Christopher on December 09, 2015
Q: I see in an article (Globe and Mail) that the Liberal govt announced (yesterday) the limit for 2016 is $5500. Since it is not yet legislation, and maybe unlikely to become legislation in the next 23 days, if one contributed $10,000 (the legal limit) could one be penalized for the excess? or forced to withdraw the excess? I realize you are not the decision maker, but am curious as to your opinion based on your experience.
Read Answer Asked by Brenda on December 08, 2015
Q: This is in regard to your reply to Donald's Nov. 29 question about the $10000 TFSA contribution. Do I understand correctly that you are suggesting that after having already contributed $10000 for 2015, we should "go for it" and contribute another $10000 on Jan.1 2016 (if the gov't hasn't made any announcement by then)?
Read Answer Asked by chris on December 03, 2015
Q: Another scenario that I read about if the new government wants to negate the increased TFSA limit allowed in 2015.
Current Total Limit
2009 - 2015 = $36,500
2015 increase = $ 4,500
Total = $41,000
Possible New Limit
2009 - 2016 = $42,000
So those who topped up in 2015 would be allowed only $1,000 in 2016. This would have the effect of cancelling the additional $4,500 this year.

Read Answer Asked by Megan on November 30, 2015
Q: Hi Peter,

I have a tfsa account and I buy mostly blue chip companies and hold them for dividend and appreciation. Is it a good idea to write covered calls and earn additional income while the stock sits in your tfsa
Read Answer Asked by PAUL on November 30, 2015
Q: If our new federal government does not change the TFSA contribution rules before the end of this year, can investors contribute another $10K on January 1, 2016?

New rules (even if I don't like them), I can understand: hence wanting to invest before it happens which I consider likely, albeit ill advised.

But rolling back the contribution limits after the fact sounds like an administrative nightmare; and inviting a nasty backlash and serious pushback from voters of all political stripes.

Thanks for your perspective.
Read Answer Asked by Donald on November 29, 2015
Q: Good Morning, I'm topping up our TFSA's and am wondering if you could give me your top pick or two for a TFSA in the tech,healthcare, and consumer sectors. I currently own Constellation in my TFSA but don't have any healthcare. I'm looking to replace Dorel with something with better growth in the consumer sector. I'm also light on financials in my TFSA (I hold a bit of home capital) so if you think that's a better place to add new money I'm open to that as well. If this counts as two questions that's fine!
Thanks, for your advice. Rod
Read Answer Asked by Rod on November 27, 2015
Q: I hold CN in my unregistered account and it has gone up considerably. I plan to donate half my holding to charity and buy it back either using my & my spouse's TFSA for 2016 or in my unregistered account. Have you a suggestion as to which is the better spot for it? I assume it will probably not repeat the spectacular rise it has had since I bought it years ago.
Read Answer Asked by M.S. on November 17, 2015
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