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
Investment Q&A
Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.
Q: merry xmas everyone.. Am I allowed to deposit my $5500. today for year 2016 rather than wait till after Jan, 1st, Thanks Cliff
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
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
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.
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.
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.
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.
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.
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)?
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.
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.
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
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
Q: I am putting together and will manage a small TFSA for my daughter. It will be made up of 5 income stocks and 5 growth stocks. The plan would be to review it annually. Do you have any cautions on these selections? Or recommended substitutes?
Income: CSH.UN. ENB, MFC, PLC, WCP
Growth: AYA, CGC, CXI, DRT, GUD
Thank you.
David
Income: CSH.UN. ENB, MFC, PLC, WCP
Growth: AYA, CGC, CXI, DRT, GUD
Thank you.
David
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.
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.
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
Thanks, for your advice. Rod
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.
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?
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?
Q: Gooddmorning
For a modest investment in a TFSA what would your preference be of the 3 listed
Thks
Marcel
For a modest investment in a TFSA what would your preference be of the 3 listed
Thks
Marcel
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
Paul
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
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
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