Investment Q&A

Q: Hello 5i,
This is pertaining to the question about moving stock In Kind from an RRSP to a TFSA. I have done this numerous times with RBC Direct Investing and I will recount the process as I have experienced it.
1. I will use 20% as the withholding tax amount as an example only. If you wish to transfer $6,500 of equity the tax is calculated as follows: 6,500 / 0.80% = 8,125 * 0.20% = $1,625 Withholding Tax.
2. The withholding tax can be either cash on hand in the account or the broker can be instructed to sell the required additional shares of the equity (or even of some other equity) to cover the cost of the tax.
3. The shares are transferred out to a cash/margin account, they do NOT go directly into the TFSA. They are then subsequently transferred into the TFSA within a day or two at the most - as I recall.
4. Make sure you retain copies of all transactions to capture all relevant data for tax purposes.
This has been my experience and the process has worked smoothly and quickly for me. And, kudos to RBC Direct Investing staff who have worked with me on doing this - they have overwhelmingly been helpful and knowledgeable.
I hope this helps......
Merry Christmas and Happy New Year to all at 5i and in the 5i community!!!
Cheers,
Mike

Q: A perplexing, but good, question. I bought Shawcor back in 2020 at a very low cost ($3.23). Should I "let it run" or sell some. It has become 25% of my TFSA.
Seasons Best Wishes
Gordo

Q: Hi there, just reviewing YTD performance of the growth model portfolio. Net inclusion of cut previous losses(stock) through the year what is the total portfolio ytd performance? How does this year rank against previous years dating back to the inception of the growth portfolio? thx

Q: What are the cash positions of General Motors, Ford and Tesla at the moment?

Q: Retired conservative investor whose only tech holding is HTA ( 5% total portfolio). Looking at either CSU or Shopify as next purchase. Which of these would you prefer to “ dip your toe “ further into the tech sector ? Also, is my weighting of HTA appropriate ? Thanks. Derek.

Q: Tough question for sure, but disregarding other personal factors (eg, diversification etc), if you could buy 3 Cdn stocks and 3 US stocks given YOUR assessment of the investment/economic landscape, what would they be? Let's say the only parameter is performance over the next 12 months.

Q: Can you comment on the long term prospects for this company.
it seems to be in a free fall. Might it be at the point to even buy more?

Q: please give me your view on superior plus acquisition today of Certarus
looks like 50 mln new shares on $1 bln deal, and what would you consider a
good entry point range.
many thanks

Q: I currently own Kelt but wondering if this is a buy or hold as my position is quite small so I was thinking of adding to it to make it the same weight as you have in your growth portfolio ?

Thanks

Q: Good Morning, Wondering if you can please give me your current opinion on Vicor. They do a lot of work for NVIDIA, and I'm thinking they might be a good January bounce candidate.

Thankyou,

Brad

Q: Peter; Just a note re Andrea’s question on in kind transfers. I just requested a in kind transfer from my RRIF to my TFSA. My broker, BMO Investor Line told me it’s not allowed- yet when I did some research it clearly is. I realize you’re not tax experts but I would appreciate your take- plus maybe ask others if they have been refused also? Thanks
Rod

Q: Cannabis stocks have been decimated. Does this seem overdone ? Are there any that look attractive at these prices? How do you like mid/long term potential of this space?

Q: I am looking at buying some preferred shares as part of my Income Portfolio. As interest rates rise the share prices fall. When would be the opportune time to buy them, when intrest rates peak? Since markets are forward looking, when would you start buying? What would be the signal(s) to start buying? I know this is a timing question and timing is seldom perfect. Any quidance/suggestions you can offer would be greatly appreciated.

Q: I hold FNV, KRR and AEM for gold exposure. I am thinking of selling FNV after the news related to their royalty stream in Panama. How material is this for FNV? Do you feel this will be an overhang on the stock in the next few months? I am hopeful for a little run in gold in the next few months and i am concerned FNV will not participate due to this news. If selling FNV, what do you recommend to compliment my other 2 holdings?

Q: Significant drop in price of subject over past day. Can you advise is this due to a distribution or is there something going on with this fund?
Thank you.

Q: Referring to my earlier question today, would using some the tax loss sale proceeds from selling BBU to buy some more BAM violate CRA similarity rules on repurchasing?

Q: On the reorganization of BAMa I believe Brookfield indicated that the preliminary estimate of the cost base for taxes of BAMa would be split 88% to BN and 12% to BAM. They were to update this calculation when the transaction was completed. Do you know if there has been any update on this calculation? Thanks A Merry Christmas to All.
Mike

Q: I note that you just added TCS to your growth portfolio and it dropped like a stone today about 8%. Any comment on what might have caused the drop. Fortunately, I bought my shares just off the bottom today and it has recovered somewhat.

Q: Why do you think Brookfield feels the need to do spinoffs from the parent company year after year? Who profits the most from these spinoffs- Management? Why not build a powerhouse under the parent company? Doesn’t make sense to me.

Q: What is the last day to sell for tax loss?