Investment Q&A

Q: Next question. If you open a tax free account today is the limit you can invest starting this year or is it cumulative for the time the program was introduced. So can I put in $35000.00?

Q: If you open a tax free account today and only put in say $100.00. Does the maximum carry over to the following year. In other words if the limit this year is $5500.00 and you only put in $100.00 can you then put in $5500.00 in 2016 plus the $5400.00 carry over from 2015.

Q: Hi:
I am considering using my wife's and my TFSA to invest in high yield Canadian Equities (i.e. anything paying 3% and above). As opposed to reinvesting the dividends, I plan on withdrawing the cash to provide a little extra income. If I didn't sell any of the equities and withdrew only the interest, would my contribution room "grow" commensurate with the withdrawals?

Q: Hey guys, I would like to transfer from my non registered account to my tfsa. What securities would you recommend, Parkland, CCL.b, Stella Jones or Knight.
Have a happy and safe New Year
Jim

Q: If I sell shares in my TFSA account does the superficial tax rule apply ie must i wait for 30 days before repurchasing the same stock within my TFSA . Also what is your outlook for Scotia Bank in 2015 . Thanks Rick

Q: Hello Peter and team,

I am getting ready to make my 2015 TFSA contribution on Jan 2nd, and with some cash in that account I would like to invest in one or two growthy stocks. What are your top 5 suggestions for a TFSA at this time (holding period is 3 years minimum).

Also can you list your top 3 TFSA suggestions in the Information Technology and the Health Care sectors.

Please rank your choices highest to lowest.

Happy New Year,

Paul J.

Q: I participated in a class action suit re: Zungui Haixi and today received a my settlement cheque which surprisingly amounted to about 20 cents for each dollar lost. The stock was originally held in my TFSA so that is where all the loss occurred. Can you tell me if there is any way to attribute the settlement funds back in to my TFSA without it counting towards my annual contribution?

Q: If you sell a stock in a Tax free account that results in a capital loss does the loss provide you with additional room within the tax free account over and above your annual contributions?

Q: I am retired and setting up our TFSA's (wife & I) for a stream of tax free income.We max contribute every year and are currenly overweight energy-27%, reits-23%,piplines-23%: underweight utilities-7%,industrials-7%, financials& others-0%. I would love some suggestions for our 2015 contributions, preferrably heavy on income & modest growth. Many thanks,
John

Q: Hi 5i team,

Suggestions for starting a TFSA with 10k initial investment. I was thinking of 3 stocks from diverse sectors. low - med - high risk.
SGY (or WCP) high
DHX.B med
TD low
roughly 3k each. Thoughts?

This TFSA complements a large portfolio of mutual funds that are properly diversified.

As an aside would you substitute BTE for any of the above mentioned candidates?

Q: A question on buying stocks on the NYSE or Nasdaq exchange. I have never bought a stock on an exchange outside of Canada, and am very ignorant of the consequences. As an example I would like to buy Apple, and realize I have to pay in U.S. dollars, plus a small fee for exchange both on buying and selling the stock. I have a RRIF, an RSP, and a TFSA and any buying would be through one of these. Is there any problem with me holding a US stock in these programs and is there any tax consequences? Is there any other problems I am not aware of? Thank you.

Q: My daughtet 30 has just open a tfsa a/c with $1300 she is looking for growth minimum 1 year time frame.please advise what to buy.

Q: Hello Team,

I am looking for advice in re-balancing my TFSA account currently holding AEI, HBM,RC,FEYE and PRW (1/2 pos). "Aggressive" growth is my objective for this account, I am OK with volatility and have a time frame of 3-5 years. I am looking to add QST, PLI, AVO, KLS and DHX.B, with new money. Can you give me your thoughts on the list in terms of diversification and sector weighting?
If you think I need to replace some names, can you suggest alternatives, preferably low dollar securities (<$ 15) with very good growth potentials.

BTW, does any of these have a chance of making it to your upcoming growth portfolio? Do you suggest that I wait for that?

Thanks as always.

BK

Q: Hi Peter
I just checked my TFSA account and have a 1% admin fee taken out by RBC. Is this a standard fee in the banking sector? It covers the cost of trades. I have a self administered account with TD and am wondering if I could transfer the account.
Thanks
Gary
(Anxiously awaiting the portfolio review!)

Q: Hi Peter, What do you think about these tech companies: RFMD and TQNT (which apparently are merging to create QRVO). Also, CODE and IMOS. Would any of these fit as a buy? If so, would they be ok in registered and/or non-registered account?

Thank you!

Q: Could you please recommend four or five of your favourites for my TFSA in January . Thanx Robbie

Q: Please suggest 3 low beta blue chip CDN stocks for RRSP Investing and 3 of similar quality for my TFSA . Thanks. Richard

Q: Peter In six weeks were into a new year and what a opportunity to move my surge shares into our tsfa and enjoy the tax free income.This is to me the silver lining of the low oil price .

Regards Stan

Q: Hi Peter & Team,
Should I consider my wife's TFSA & RRSP as part of a consolidated family portfolio (diversification, % of allocation, etc)? or a "stand alone" portfolio (which may mean duplications etc)
Thanks for a VERY good service!
Morris

Q: I’ve been thinking about how to distribute my portfolio among my TFSA, RRSP and non-registered accounts. It seems to me that TFSA space is very valuable. Once you lose it, say because a stock crashes, you may never get the space back again. Perhaps its better to be conservative with your TFSA portfolio so you can take advantage of all its (growing) space for a very long time. As for RRSP space, I really own only about half of that space since the money is taxable when it’s withdrawn. If I take a risk in my RRSP and it turns out badly, the government will, in effect, absorb half of my loss. So it seems to me the TFSA is the best place for my fixed income assets and the RRSP is the best place for my risky equity bets, while my non-registered account is the best place for my less risky equities, especially those with good dividends that are eligible for the dividend tax credit and have some growth potential. What do you think of this perspective?