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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: 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
Q: From your response to Jim's question this morning, MAW150 looks quite good. I need some education on tax issues. I could either add to my TFSA in January or a fully taxed self-directed account. Can you advise on the the tax issues for each account?
Read Answer Asked by Danny-boy on November 10, 2015
Q: I have a question regarding best strategy for my son's portfolio. He is a 30 year old engineer, who has absolutely no knowledge of investments and no interest in learning about them. I finally convinced him that GIC is a bad place to park his money, so here is the question. How would you structure portfolio for a young person who wants to sleep at night, check his investments once every 3 months, and doesn't have much tolerance to loss? He has 120K to invest (incl. 40K in TFSA). I assume ETFs is a route to go here...? What combination of ETFs you'd suggest?
Read Answer Asked by Michael on November 05, 2015
Q: Gooddmorning
For a modest investment in a TFSA what would your preference be of the 3 listed
Thks
Marcel
Read Answer Asked by Marcel on November 04, 2015
Q: In her TFSA my wife currently has 28% between i shares CBO and CLF; about 18% each of SLF, STN and BMO. We are about to add this year's $10,500 which will leave us about $18,000 to put to use. What three stocks would you recommend? Add more to SLF and STN? Add WSP ?;. She would be willing to add more growth potential. Any other ideas? Thanks for your sound advice.
Paul
Read Answer Asked by Paul on November 04, 2015
Q: Hi - My 21 year old daughter has put $11,000 into a TFSA trading account, and has allowed me to manage it while she travels. What stocks would you advise at this time? Thanks
Read Answer Asked by Heather on October 27, 2015
Q: Hello 5i team,
My 49 year old brother-in-law finally opened up his first online broker account (after 8 years of me bugging him to start investing). He has $26,000 in his TSFA. I have a few ideas, but I'm wondering which companies you would start a rookie investor in?
Thank you,
Brent
Read Answer Asked by Brent on October 25, 2015
Q: Hello, and sorry for the very general question. Are there any financial actions we could do before the change of governments?
We are retired but find the TFSA very useful. Should it be topped up before the change ? Any other things that could come from left field?
Read Answer Asked by Deborah on October 21, 2015
Q: If I move a stock (in kind) from my unregistered account into my TFSA when I am underwater on that stock can I claim a tax lose for the "disposition" of the stock or how do I treat it at tax time. Thank you.
Read Answer Asked by Edward on October 21, 2015
Q: Hi, Sorry to belabour the point, but further to my question on this topic today and to clarify the tax implications (if any) of buying/selling stocks in non-registered and TFSA accounts. I had noted from your answer to Chris in his question of March 29th of this year that you had implied that if a stock was sold in a non-registered account and then bought in a TFSA account that one should wait 30 days since this was an 'associated' account. Did I misunderstand the implication, or are there any situations where purchases in the TFSA account could have tax implications with respect to selling in the non-registered account?

Geoff
Read Answer Asked by Geoffrey on October 20, 2015
Q: As a follow up to Kenneth's question today regarding tax gains/losses in different accounts: if the same stock is held in a non-registered cash account and a TFSA account and a stock is sold from the TFSA, are there any implications if the stock is then bought or sold in the non-registered account?

Geoff
Read Answer Asked by Geoffrey on October 20, 2015
Q: Hi Team , I have 10k that I want to invest in a TFSA account, I wont need these funds for 5-10 years, Im thinking of 3 options , invest in your equity model portfolio picking appox 10 stocks with a 10 % weighing, # 2 invest only in ETFS , or # 3 split the 10 k between the 5 banks , BMO, BNS, TD , RBC and NA... does any of these options look good to you? .....or do you recommend an option 4 ???
For option 1 can you recommend some of the stocks to pick ? and also for option 2 can you recommend some ETFS to pick ?

Thanks
Read Answer Asked by Costa on October 19, 2015
Q: I have a relatively well diversified portfolio and would appreciate your perspective on how the top-up contribution of $4,500 to my TFSA might be invested. I'm looking for growth opportunities as opposed to income. Please provide a couple of suitable stocks.

Thank you
Rossana
Read Answer Asked by Rossana on October 19, 2015
Q: I just recommended the following to a niece who currently has ALL mutual funds . She wants some growth and income, but probably never wants to look at her investments . As she is likely to continue owning mutual funds, I suggested that she should start a brokerage account and buy the following bit by bit .

1. FINANCIAL BANKS ... BNS, TD or RY
2. FINANCIAL INSURANCE ... SLF or GWO
3. ETFs… XSP, CDZ in Canada , or VGG

What would you suggest ?
Read Answer Asked by Thomas on October 13, 2015
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