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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: Hello! I have identified a Canadian small cap mining company that would be a good allocation fit for my TFSA. It trades on the TSX and NYSE. As it happens, I don't have enough capital in my CAD TFSA account to make a meaningful purchase. I do have enough in my USD TFSA account, however.

My options would be:
- transfer the cash from the USD to CAD account
- raise the capital by triggering a CAD account sale
- buy the US listed shares

Is there anything to be aware of when buying the US listed shares in this case?

And, more generally, where would one exercise caution? I'm thinking of a situation I've seen where US listed shares trade at significantly lower volumes.

Thanks for your consideration.
Read Answer Asked by Marc on February 19, 2019
Q: Hello team. I have some cash to add to my TFSA. My current sector allocations are:
Cons cyclical. 23.36%
Technology. 19.81 %
Financial Services. 16.93%
Energy. 12.6 %
Healthcare. 10.02%
Industrials. 9.86 %
Basic Materials 3.49 %
Utilities. 2.71%
Real Estate 1.21 %
All shares are on the TSX/TSXV exchanges. Which sectors are over represented, under-represented or missing ? Please give me some suggestions to add to the under-represented sectors and some to start a non-represented sector so I can balance a bit.
Thank You
Clarence
Read Answer Asked by Clarence on February 13, 2019
Q: Hi,
I have a spousal RRSP and a Non-spousal RRSP account. The spousal account has not received contributions for over 10 years and will not be used in the future. I was thinking to combine the spousal RRSP and the non-spousal RRSP accounts. After the combination of the two accounts, the account would be a 'spousal RRSP'. Would there be any tax implications or any other reason I need to take into consideration prior to combining my two accounts? thanks,
Read Answer Asked by Donna on February 12, 2019
Q: Regarding Dawn's question, "A great-grandparent has sent us $5000 for our 13 year old, as a small pre-inheritance gift. We want to using this as an investment learning tool, and currently plan to deposit it in my husband's TFSA (he currently has room in it) and will track it's performance separately."

Your suggestion of the RESP was spot on, but if the RESP is full and she wants to teach him about investing she could open an in trust Waterhouse account. This would save her husbands TFSA room. Teach a lesson and save on taxes. Get documents to show CRA that the money was a gift and the money will be taxed differently in the 13 year olds name.
Read Answer Asked by Terry on January 22, 2019
Q: A great-grandparent has sent us $5000 for our 13 year old, as a small pre-inheritance gift. We want to using this as an investment learning tool, and currently plan to deposit it in my husband's TFSA (he currently has room in it) and will track it's performance separately. We use TD Canada Trust, and thus have access to their WebBroker platform. What would you suggest for a secured investment (GIC or otherwise)? We are looking at a 5 year term, and it can be locked-in.
As always, thanks for all your good info!
Dawn
Read Answer Asked by Dawn on January 21, 2019
Q: https://www.theglobeandmail.com/globe-investor/inside-the-market/one-minute-portfolio-15-years-later/article37709823/

I read this article in the Globe today that appeals to me because of it's simplicity, low cost (few commissions, no MER's) etc and it's relative performance as measured by the author. I know it a very simple approach and mirrors the Buffet "Here's what you should do when I die" with my money. Would be very interested on your take of this and if you think it would be a good idea or not and why. Thanks Sheldon

(A similar article appeared in this weeks Globe)
Read Answer Asked by Sheldon on January 21, 2019
Q: I am retired, DB pension, and mostly hold equities that generate some dividend income as I prefer to be paid to wait. I believe I need more ex-Canada exposure. Other than VDU most of my portfolios are heavily oriented to Canadian equites and only a handful with apparently significant non-Cdn. revenue streams (ENB, HOT.UN, BAM.A. BIP.UN, TRI, SLF and MFC). Do you know of a source or list of Canadian listed equities that 1) have foreign income streams and 2) pay a growing dividend in Canada? How does someone go about finding this information?
Read Answer Asked by William Ross on January 21, 2019
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