Investment Q&A

Q: So what is up with the law firm going after Score? Are they just fishing for clients?

https://www.businesswire.com/news/home/20210720006218/en/ScottScott-Attorneys-at-Law-LLP-Announces-Investigation-into-Score-Media-and-Gaming-Inc.-SCR

Q: Since NTR pays a 3% dividend, for tax efficiency, is it better to hold the stock in a RSP or a TFSA?

Q: Could you provide a few ideas for a long term RESP?
Thinking specific company over ETF at this point.
Thanks
Paul

Q: I HAVE A QUESTION ABOUT WITH DRAWING FROM AN RRSP ACCOUNT. MY WIFE WANTS TO WITHDRAW $20,000 FROM HER RRSP ACCOUNT FROM AUGUST TO END OF YEAR. BY WITH DRAWING $5,000 AT A TIME SHE WILL PAY 10% OVER THE COUNTER FEES. BUT OUR BROKER TOLD US THAT HER SECOND WITHDRAW THEY WOULD TAKE 20% INSTEAD OF 10% I FIND IT LITTLE STRANGE BECAUSE IN THE PAST I WITH DREW $5,000 AT A TIME TO ONLY PAY 10%. OR HAS SOMETHING CHANGED IN THE LAST COUPLE OF YEARS.

Q: Hello 5i,
As I approach 70 years of age I am trying to prepare for my impending RRSP - RRIF conversion. One move I am considering is to move VIG over a period of years from my RRSP to my TFSA. The rationale is that it is a relatively low dividend stock but the capital appreciation is huge - I am currently up about 76% - and this means the increase in VIG value affects my minimum withdrawal required each year while contributing relatively little in the way of dividend income to cover the mandated minimum withdrawals.
One note - for the past several years we have been taking our TFSA contributions from our RRSP's but seem to always end up with a tax refund anyway, so we are not so concerned with the tax issue on that front.
So, to the question (finally): do you see any problems at all in such a move for VIG or any other U.S. ETF or Global ETF? The withholding tax on U.S. holdings in the TFSA is not an issue. Any other comments or suggestions?
Many thanks!!
Cheers,
Mike

Q: Hi Team, is there any drawback in owning US stocks in a TFSA or RSSP account. Thanks

Q: I will be converting my RSP to a RIF next year resulting in my income increasing some 50 % and with money I do not not need for my present lifestyle. The account is full of banks, reits, pipelines, infrastructure , utilities etc., as is my non registered account which is the same size as the RSP. Does it make sense to adjust the non registered account to more growth stocks , and hence less income ? I I have listed some prospective stocks. A crazy idea to reduce income and perhaps this is outside your.venue but any thoughts are appreciated. Derek

Q: The question is what ETF is the best match for me based on

1. my normal stock selection is large blue chip dividend paying companies
2. this ETF is in my RRSP, I am assuming it should be purchased in American funds. (unless you say otherwise.) US or Canadian ?
3. I am thinking a broad based ETF, possibly a "dividend aristocrat" or just whole market but not sure of what the difference would be.

thanks

Ernie

Q: I bought several inter-listed Canadian companies in the USD side of a tax-deferred account (RSP). I am thinking of selling some of these holdings and buy them back in a taxable account in order to have the benefit of the dividend tax credit. Is the dividend tax credit worth doing this? If yes, after selling on the US$ side of the RSP account , would you buy the same securities on the US$ side of the taxable account, or do you prefer to buy them back on the C$ side of the account?

Please excuse my smuggling in a question asking for your opinion on what the two currencies are likely to do in the next year or so.

Q: I was thinking of getting an RRSP Loan to top off my RRSP and then use the refund to pay down a portion of the loan. If I did this and had $50,000 to invest and ~20 years to retirement how would you allocate it and thoughts, if you can comment, on this strategy? Thanks as always.

Q: You answered Nick's question by saying it would be better to wait until the RRSP turned into a RRIF. So what's the tax rate for removing a stock from a RRIF? I am about to take some SHOP from my RRIF for annual withdrawal. The stock is up 394 per cent.

Q: Anyone know if you can buy in a TSFA or
RRSP

Q: What stocks would you recommend for an RESP right now?

Q: About Canadian Cies in my RRSP paying US dividend (converted in CDN),and listed also in US stock exchange: since in principle there is no US withholdings tax for canadian Cies : is it better to hold them in the US RRSP in order to avoid exchange commission on US dividends and to get dividends directly in US $ instead of CDN $,or is there any advantage to maintain these stocks in the canadian account ? Thanks

Q: Setting up an 40K RRSP with a 6 to 10 year time frame. What is your opinion and/or alternatives to ZEB, VXC, ZDV, XBB in equal proportions.

Q: Hello 5i,
I would like to transfer "In-Kind" from my RRSP to my TFSA. I have 4 candidates to consider and wonder which order you would rank them in, Best to Worst. I am down in all but one so have added the percentage loss in case that has any significant weighting in the decision.
AW.UN (-14.95%)
EIF (-4.72%)
SIS (+0.32%)
ZDI (-3.12%)
Since all are monthly dividend payers it is more or less immaterial to me which I move.
Also, in this vein, since I am in no rush to accomplish this, should I wait until any kind of pullback in the equity I choose, or just go ahead at whatever price at any time?
Many thanks for your insight.
Cheers,
Mike

Q: If I am purchasing AEM today, would you purchase a full position or part of. This would be my only gold play.
Would you also give me your clarification as to what type of stock you would purchase in a TFSA and which in an RSP.
Many Thanks,
Regards

Q: I own these stocks in my RRSP and would like to sell two,using the proceeds to buy them back in a US$ TFSA.Which two would you advise to make this switch? I could utilize DLR.U and DLR to do this and pay the required tax using cash in my C$ TFSA .Can this switch be done directly with the tax being paid separately?

Q: Feel free not to publish if I’m mistaken, but I would want to caution Keith (Dec 29) who said he might contribute his Nutrien shares to his registered account and would realize a capital loss in doing so. I do not believe that one can claim any capital loss when the disposition results from a contribution to one’s RRSP or TFSA. He would need to sell the shares in his non-reg’d account (and realize the loss) and then contribute the money if he chose, but should not then repurchase the NTR shares until 30 days has passed.

Q: Hi Peter,
Can we buy options from registered account like TFSA or RRSP? If we buy from these account is there any restrictions or penalties?
Thank you,
KT