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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: Canadian Solar is trading on the US stock exchange and, to my knowledge, is not trading in Canada although a Canadian Company. I would be interested in your assessment of this Company. With the demand for solar expanding and the cost of solar panels dropping it would seem like a good long term investment. What do you think.
Read Answer Asked by Bob on May 04, 2015
Q: Hello,
G&M`s Scott Barlow recently advised placing US health and tech ETF`s in a TFSA account. Would you agree, or should equity ETF`s be held in a sheltered account?
Thanks!
Read Answer Asked by Robert on May 01, 2015
Q: Hi Peter & Team

If you where opening a tfsa account what stocks would you start with Stocks with growth & dividend increase

Thanks Mike b
Read Answer Asked by Mike on April 30, 2015
Q: Due to past circumstances and bad advice the majority of our investment portfolio is in Registered Accounts leaving our TFSA's with plenty of room. Would it be wise to gradually over the next 10 years of retirement move (I am not sure if I can move stocks directly in kind) some of the registered $$ which consist of 5i Balanced and Income portfolio stocks to max out the TFSA allowing the stocks I own to grow tax free. I would of course have to pay the tax on RSP withdrawals along the way. I do realize that I would have to manage income accordingly in order not to jump into the next tax bracket. The stocks I would move would be higher growth stocks in order to take advantage of the flexibility of the TFSA. Any advice is appreciated. Many thanks!
Read Answer Asked by Martin on April 28, 2015
Q: Do you know of an app. or spreadsheet to track contributions, withdrawals and contribution room remaining for the year. Simple I know, but also tricky.

Thanks
Read Answer Asked by David on April 27, 2015
Q: Assumptions: proper sector diversification and adequate fixed income products are already covered in my total portfolio. What ETF's (4) would you suggest for our 20k investment for 2015,we are 72 and have nothing outside Canada.

Thanks to all
Read Answer Asked by Warren on April 23, 2015
Q: Now we can place 10,000. in tfsa can i place 4,500 dollars more right now to have my full tfsa in my account. I had place already 5,500 dollars before. Thanks
Read Answer Asked by Denis on April 22, 2015
Q: http://www.tfsa.gc.ca/

Looks like it will be retroactive if passed.
Read Answer Asked by Catherine on April 22, 2015
Q: I just read on line (Google when can the additional money be put into tfsa) the cra will not penalize anyone who makes a contribution as of today of $4500. Even though it has not been approved by parliament the cra considers it approved as of budget date yesterday. So I plan on adding $4500 today.
Read Answer Asked by Helen on April 22, 2015
Q: Hi 5i,
While it may be a bit premature, my question is: at what point can we use the increased TFSA limit? I have tried looking for this information but haven't found anything concrete to indicate exactly when it is safe to make the additional contribution. As we know, there is a consequence for over-contributing and the term "immediately" used in the budget might not really mean "immediately" from a practical point of view. Can you or the members offer any clarification?
Thanks!!
Cheers,
Mike
Read Answer Asked by Mike on April 22, 2015
Q: Good morning,General tax question.Bought US shares in 2012 at exchange rate of 1.0008 and sold in 2014 at rate of the day of 1.1074. Do I adjust the cost at rate of day and sales price at rate of day before calculating gain/loss or calculate gain/loss and convert that figure only at rate of day of sale?
Makes a big difference! Thanks.
Read Answer Asked by Denis on April 16, 2015
Q: Good morning,
I can't seem to find the answer to the following question in your TSFA section and do not want to assume. Can you please confirm that I can sell a stock and buy a new one to replace it or would the sale be considered taking funds out of the TSFA. In other words, can I trade at will inside a TSFA similar to RRSP?
thanks
Jean
Read Answer Asked by Sherrill on April 15, 2015
Q: I am trying to find a few stocks to buy for my TFSA that pay dividends or perhaps have a lot of growth-or, both. I own all large cap blue chip stocks in my RRSP & non-registered trading account-so, looking for something different in the CDN universe? Obviously these need to be fairly safe as any loss would not be elligible to claim against gains from my NR account.
Read Answer Asked by James on April 13, 2015
Q: Good morning team,
My daugther will start a TFSA with $17,000 and will not need the money in the near term. She also plans to contribute regularly and reach maximum contribution within ~2 years. I would like your advice as to 4-5 stocks from the Model Portfolio to get her started. Your help would be greatly appreciated.
Read Answer Asked by jacques on April 10, 2015
Q: Hi Five I team!
I hold most of the model portfolio in my RSP account as well as ETFs that you recommended in your review of my portfolio. I have been so pleased with the results. Thank you! In my TFSA account I hold DHX, Enghouse, Goldcorp and Telus. The last 3 stocks are also in my RSP portfolio. I have about 15000 in cash in the TFSA to invest. What would your recommend? Should I am 68 and do not need the income, nor do I plan to withdraw the funds. Many thanks.]
Ellen
Read Answer Asked by Ellen on April 10, 2015
Q: Peter, I have a $60,000 TFSA and have let my winners run. My stocks are BYD (33%); DHX (33%); FSV (15%); KLS (10%) and 9% cash. I am considering trimming my positions in BYD and DHX and selling KLS. I do not have a need for the money and have a long time frame and was considering adding CXI; CCL.B; ATD.B.
Read Answer Asked by stephen on April 09, 2015
Q: Hi, I would like to know from the 2 portfolios Balanced Equity and Growth which one would I use to invest in a TFSA account and which one for a RRSP account.

Thanks.
Read Answer Asked by Costa on April 02, 2015
Q: A member asked about transferring a stock held at a loss to his/her TFSA. As you point out, one could sell the stock and wait 30 days before re-acquiring it (that is, inside the TFSA.) Aternatively, one could purchase it inside the TFSA, then wait 30 days before selling the losing position. Of course, this ties up more funds - but under the right circumstances (including sector allocations) might be preferable to giving-up exposure altogether. After all, if the stock continues to decline, then the claimable loss is greater. Perhaps the more pertinent question is whether one believes in the stock strongly enough to hold on to it, in spite of the possibility of unclaimable losses (that is, on the position held inside the TFSA.)
Read Answer Asked by John on March 30, 2015
Q: Dear 5i; I was reading through the TFSA questions and the one asked by M S on July 17, 2014 got me thinking about transfers-in-kind and taxation. So firstly, I wouldn't necessarily want to transfer a "gainer" because of the capital gains tax payable. On the other hand, it seems to me that transferring a stock that is currently under-water could be advantageous. This would of course be a stock that I intend to keep because I expect it to recover, so therefore the inability to claim a capital loss is a moot issue. The advantage would be that for a given amount of contribution room, I would be able to transfer a larger number of shares into my TFSA than if the stock were at or above my ACB.

Do you think this is a sound strategy, or are there other considerations that I am missing?
Read Answer Asked by chris on March 29, 2015
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