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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: I realize you are not tax experts but I am confused from info obtained from bank and CRA web sites. I am 69 and wife is 59. I would like to split income from RRSP (not RRIF) with her when I withdraw some funds this year to pay for house repairs. Some sites indicate that RRSP withdrawals do not count as pension income. Does this mean that I can’t split it with her? CRA seems to say that RRSP (T4RSP) is eligible. Confusing!

Thoughts from you and members would be helpful.
Read Answer Asked by Danny-boy on December 18, 2023
Q: I am not a TAX expert but I thought that any option premium collected today should be claimed in 2023 not 2024. Since income is coming this year not next year.


Q: Good morning 5i
Looked on Google for an answer for this question but couldn’t find anything. If i sell a covered call option today with an expiration date in January, in which the stock is called away, in what year would I pay the capital gains tax, 23 or 24?
Thanks
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Asked by joseph on December 08, 2023
5I RESEARCH ANSWER:
The stock will be sold in 2024, so is taxable in 2024. The options will be closed out in 2024, so the premium is also taxable in 2024 (as a capital gain).
Read Answer Asked by Hector on December 11, 2023
Q: Hello, with respect to David's suggestion for 5i initiating a US growth portfolio - If I remember correctly, Peter started a Long/Short USD Equity fund 1-2 years ago. With disclosure " Not a solicitation ", may be you could direct us to a place/contact, where more information could be obtained about this USD Fund offer - Eligibility, minimum, mandate, performance and fees etc.

Thank You
Read Answer Asked by rajeev on November 24, 2023
Q: peter,have you ever given any thought to starting a u.s. dollar growth portfolio or u.s dollar tech portfolio.,or a combination of both. you and your staff seem to own many u.s. equities and many questions are about u.s. stocks. furthermore a dollar made in u.s. equities is worth about 1.40 to your members who i think are 99% cdn, of course the reverse is true re losses.personally i only buy u.s. equities, i gave up on cdn equities, other than oil and the banks most are illiquid.
Read Answer Asked by david on November 23, 2023
Q: I'm looking to invest $60,000 for a minimum of 5 years. This money will be used towards a downpayment for a house. Can you please comment on a split of 50% SPY and 50% quality stocks, such as GOOG, MSFT, SLF, ATD, BN. Also can you please suggest some additional stock ideas that are fairly conservative for a 5 year hold. Thanks!
Read Answer Asked by Janet on November 06, 2023
Q: Hi 5i Team,

I am trying to understand how RETURN of Capital works on ETF.

Eg: Buy 1000 shares at 14 = 14000 and get 8% dividend.
Sell 1000 shares after a year at 15 = 15000. So Total return is 15% return on my investment. (8% dividend plus 1K capital gain = 7%)

Please advise if the above calculation is correct or is it the original investment minus 8% dividend.

Thanks for the great service
Read Answer Asked by Hector on September 21, 2023
Q: Follow-up questions. - Do you suggest P/E below is considered a value stock? If not please give us what is considered as value P/E.

The current forward P/E for each sector is:

Materials: 17.4X
Real Estate: 28.2X
Financial: 13.4X
Services: 16.5X
Discretionary: 24.4X
Utilities: 16.1X
Energy: 11.6X
Health: 17.5X
Staples: 19.4X
Industrial: 18.2X
Technology: 25.5X

Thanks for the great service
Read Answer Asked by Hector on September 05, 2023
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