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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 probably a silly question but I don't want to make a mistake.
Instead of raising 6500.00 cash for my TFSA on Jan 1st, I'm thinking about transferring stock out of my cash account instead. I've already sold my tax loss candidates. I'm not sure how this works though. If my book cost is 6500.00 and market value is 3000.00, does that mean I've contributed my full amount? And in what scenario would this be a smart idea? I could also transfer stocks with significant capital gains.

Thanks,
Andrea
Read Answer Asked by Andrea on December 21, 2022
Q: These are my holding inside my TFSA. I am 25 years old and would like to know your opinion on this Portfolio and if you think these are good longterm holdings or if they could be replaced with a better investment (please indicate what company you would replace with). Also witch companies would you consider a Buy in 2023 from these holdings for my 6,500$ contribution room.

Thanks
Read Answer Asked by Bob on December 14, 2022
Q: Hi

For 2023, I can contribute $17,500 to my TFSA.

I was thinking of splitting the amount between CELH and LNTH.

Your comments or other suggestions are most welcome.

Thank you

Mike


Read Answer Asked by Mike on December 12, 2022
Q: Hi Peter and team, would appreciate your thoughts on what the TFSA should be used for and why, fixed income or capital gains. Thank you
Read Answer Asked by Anthony on December 06, 2022
Q: Hi,
I am up 84% in CELH in my TFSA. Considering selling 1/2 position and using the funds to purchase NVDA.
It will help me diversify because the only other US stock I have is GOOG.
Willing to wait 2 or 3 years to see NVDA return to it's former glory.
Sounds ok?
Or do you think CELH is just starting to really ramp-up and I should stay with it.
Thanks for your input.
Read Answer Asked by Robert on December 06, 2022
Q: The purpose of the following question is to avoid problems with CRA and avoid pitfalls, traps &c.
(1) If tax payer withdraws all their Canadian $ from a TFSA before December 31, 2022 , I understand they can re-deposit the full amount after January 1 2023. Correct? (2) I understand they can re-deposit the *full allowable* amount in US$ (i.e. the US$ equivalent of all the Canadian $ that were just withdrawn). Is that correct? (3) If yes, is it the spot exchange rate that is used for calculating the amount available to put back into the TFSA? If yes, what exactly is the spot rate, what rate is acceptable under tax rules and regs ? What source should one use to get the exchange rate to use— that CRA accepts?
Read Answer Asked by Adam on December 01, 2022
Q: In my TFSA I have 3 big winners CSU GSY KXS and a few lossers AT NBLY TOY. Keeping as objedtive GROWTH what titles would you suggest adding or departing in the upcoming months?
Read Answer Asked by Yves on November 28, 2022
Q: I would like to crystalize some Gains in KXS and reduce my holdings to a small amount (just a place holder).
I would like to add to the others listed above in the order of your preference.
All stocks in my TFSA.
Thank you!
Albert
Read Answer Asked by ALBERT on November 23, 2022
Q: Hello,
>
> I transferred a stock at a sizeable loss from a cash account to my TFSA early this year before I learned about the non-deductibility in this situation. I have now sold the stock in my TFSA at a nominal gain. Is it possible to recoup and declare the loss by claiming the difference between the initial cost and the final sale? Thank you,
>
> Maria B
Read Answer Asked by Maria on November 23, 2022
Q: THE PROS AND CONS OR BENEFITS OR NOT BENEFITS BETWEEN A US DOLLAR TAX FREE SAVING ACCOUNT VERSUS A CANADIAN TAX FREE SAVING ACCOUNT? ALSO, WOULD A NON-RESIDENT TAX ON US STOCKS APPLY IN A US DOLLAR TAX FREE SAVING ACCOUNT?
Read Answer Asked by Herbert on November 23, 2022
Q: Good evening,

I just read that the CRA has recently increased the TFSA contribution limit for 2022 up to $6,500.00.

Can you tell me if this is correct?

Thanks very much.

Read Answer Asked by Dave on November 09, 2022
Q: Looking for 5 names for my Cdn TFSA . Must pay a dividend. Currently hold GSY, ATD, BAM.A EFM, DOO, DFY.
Thank you
David
Read Answer Asked by David on November 07, 2022
Q: I am down on these names in my TFSA account
CTS (-44%)
ENGLX (-73%)
QST (-28%)
XBC (100%)

Is it time to throw in the towel on all of these, consolidate into one name or use my next year TFSA contribution limit to dollar cost average down?

I also hold an ETF, VGRO, in this account which is down 13%.


Read Answer Asked by Donald on November 02, 2022
Q: If I have to pick two names out of 4 which one it would be for Growth in TFSA

ATA, GDI, TRI, BYD,
Read Answer Asked by Mahendiali on October 28, 2022
Q: I need to pull about $170,000 out of my TFSA to finish a house build. Can I put that amount plus the 2023 contribution in the new year or $81,500 plus the 2023 contribution?
Read Answer Asked by Clarence on October 25, 2022
Q: Hello Peter and Team,

Our question today is about CDR's in TFSA accounts and potential tax benefits. If you were to buy Goog, AMZN, and NVDA today, what would be the recommended method?
CDN TFSA: buy CDR's
Open a US TFSA and purchase the stock in US funds (one-time conversion costs would occur)
Purchase the stock in the native currency in the CDN TFSA

Do CDR's reduce exposure to the taxman if death occurs instead of having US domiciled stocks in a TFSA or RRSP or RRIF?

Thank you.

Cheers,
Debbie and Jerry

for RRSP's
Read Answer Asked by Jerry on October 24, 2022
Q: Can you provide a 'buy' list for a person wanting to deploy $200,000 (inside RRSP) with the goal of creating 5% or more sustained cash flow - as well as growing the original capital to keep up with inflatiion? We do not have company pensions - this would serve to supplement our government pensions.
Thinking, 20 stocks across all sectors @ $10,000 each (or 5%)
Also could you include 10 growth stocks (inside TFSA) for a total of $250,000 - gotta have some fun ;)
Many Thanks
Jan
Read Answer Asked by Jan on October 07, 2022
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