Q: We have Crescent Point and Surge Energy in our RRSP's. We're not wanting to sell and are prepared to hold on for long term. My thought is to move what I can into our TFSA's while the price is down. Thoughts?
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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: Could you please explain the "tax loss selling rule". The way I understand it if you have a non-registered account and you want to declare a tax loss for the year you have to make sure after you sell that you don't buy back the stock within 30 days of the sell. So my questions are:
1) What happens if you accidentally bought back within the 30 days?
2) Can you buy it back within 30 days if you have a profit & not a loss?
3) Can you always buy a stock back within 30days if you are in a registered account?
As always great service and thanks for the advice.
Cheers.
1) What happens if you accidentally bought back within the 30 days?
2) Can you buy it back within 30 days if you have a profit & not a loss?
3) Can you always buy a stock back within 30days if you are in a registered account?
As always great service and thanks for the advice.
Cheers.
Q: Just for clarification purposes:
If you sell a stock at a loss in a non-registered account the superficial loss rule applies to all accounts, registered and non-registered.
If you sell a stock at a loss in a registered account the superficial loss rule DOES NOT apply. One can buy that stock back in any account, registered or non-registered.
Thanks for your confirmation or clarification.
Ron
If you sell a stock at a loss in a non-registered account the superficial loss rule applies to all accounts, registered and non-registered.
If you sell a stock at a loss in a registered account the superficial loss rule DOES NOT apply. One can buy that stock back in any account, registered or non-registered.
Thanks for your confirmation or clarification.
Ron
Q: I am looking to add a few U.S. stocks to an RRSP account: GILD, JNJ and GRMN. Is there an added cost to purchasing U.S. stocks in Canadian dollars, and in relation to dividends? Would I need to open a separate U.S. RRSP account to hold U.S. stocks? Thanks!
Q: A question on buying stocks on the NYSE or Nasdaq exchange. I have never bought a stock on an exchange outside of Canada, and am very ignorant of the consequences. As an example I would like to buy Apple, and realize I have to pay in U.S. dollars, plus a small fee for exchange both on buying and selling the stock. I have a RRIF, an RSP, and a TFSA and any buying would be through one of these. Is there any problem with me holding a US stock in these programs and is there any tax consequences? Is there any other problems I am not aware of? Thank you.
Q: I have made good profit on CNR,SJ,CGX,BNS,BYD.UN. Should I sell these stocks now and buy them back in third week of December, hopefully at some dip, so as to lock up my profits. These are all in my RRSP portfolio.
Thank you for your excellent advice in the past.
Thank you for your excellent advice in the past.
Q: With a diversified fixed income portfolio, which would you prefer:
Arits REIT AX.DB.U 5.75% 30-JUN-2018 Price:104.75, YTM:4.3%
Parland Fuel Bond 5.5% 28-May-2001 Price: 102.50, YTM: 5.2%
Also, an RRSP has to be converted to a RRIF in the year someone turns 71, do you have to withdraw that year, or is it the year in which you turn 72 that you have to start withdrawing?
Arits REIT AX.DB.U 5.75% 30-JUN-2018 Price:104.75, YTM:4.3%
Parland Fuel Bond 5.5% 28-May-2001 Price: 102.50, YTM: 5.2%
Also, an RRSP has to be converted to a RRIF in the year someone turns 71, do you have to withdraw that year, or is it the year in which you turn 72 that you have to start withdrawing?
Q: Please suggest 3 low beta blue chip CDN stocks for RRSP Investing and 3 of similar quality for my TFSA . Thanks. Richard
Q: How on earth does a 7 year old get an rrsp ??
Q: Hi Peter & Team,
Should I consider my wife's TFSA & RRSP as part of a consolidated family portfolio (diversification, % of allocation, etc)? or a "stand alone" portfolio (which may mean duplications etc)
Thanks for a VERY good service!
Morris
Should I consider my wife's TFSA & RRSP as part of a consolidated family portfolio (diversification, % of allocation, etc)? or a "stand alone" portfolio (which may mean duplications etc)
Thanks for a VERY good service!
Morris
Q: hi i would like your opinion on having dividend paying stocks in ones RRSP. Is this a good idea or not , thanks for the help.
Q: Hello, can you please confirm that in LIRA account, like in RRSP account, no withholding tax will be paid on US dividend stocks. Are they important differences an investor should know about those 2 accounts. Thank you for your comments.
Q: I have US$ in my non- RRSP account but would like to buy a US stock in my RRSP account but I have no US$ so I would have to pay the currency exchange difference. Is this a good idea? The US stock I am looking at buying is UTX.
Thanks
Dolores
Thanks
Dolores
Q: Hello Peter and Ryan,
This is a question regarding diversification and stock allocating strategy according to different types of accounts for income tax efficiency.
From what I have read I understand in the case of a portfolio consisting of 3 accounts: RRSP, TFSA and non registered account it’s advisable for income tax efficiency to have the following strategy : high growth stocks in the TFSA account, foreign stocks in the RRSP account and dividend paying stocks in the non registered account.
In my case my RRSP has done very well and spreading a 20 stocks portfolio across the 3 accounts RRSP, TFSA and non registered account in even 5 % positions only puts 2 stocks in the fully loaded TFSA account.
Although this will generate extra trading fees I’m thinking of moving the stocks around into the right accounts and also spreading half positions 2.5 % of same stock into TFSA and RRSP in order to get more then 2 stocks in the fully loaded TFSA account for growth, diversification and tax efficiency.
Please let me now this strategy makes sense for the long term and if so which 4 to 5 stocks do you recommend from the 5I Model Portfolio or other 5I stocks that have better valuations for a TFSA account?
Thanks for a great No Conflict service and helping in achieve great returns. Ronald
This is a question regarding diversification and stock allocating strategy according to different types of accounts for income tax efficiency.
From what I have read I understand in the case of a portfolio consisting of 3 accounts: RRSP, TFSA and non registered account it’s advisable for income tax efficiency to have the following strategy : high growth stocks in the TFSA account, foreign stocks in the RRSP account and dividend paying stocks in the non registered account.
In my case my RRSP has done very well and spreading a 20 stocks portfolio across the 3 accounts RRSP, TFSA and non registered account in even 5 % positions only puts 2 stocks in the fully loaded TFSA account.
Although this will generate extra trading fees I’m thinking of moving the stocks around into the right accounts and also spreading half positions 2.5 % of same stock into TFSA and RRSP in order to get more then 2 stocks in the fully loaded TFSA account for growth, diversification and tax efficiency.
Please let me now this strategy makes sense for the long term and if so which 4 to 5 stocks do you recommend from the 5I Model Portfolio or other 5I stocks that have better valuations for a TFSA account?
Thanks for a great No Conflict service and helping in achieve great returns. Ronald
Q: I read your comments on tax treatment of US ETNs with interest. I hold ETNs in both my taxable corporate investment account and in my RRSP. Am I subject to both Canadian and US taxes on the profits or do I just pay tax in Canada on the taxable account. I assume there are no taxes on gains from any stock sale in an RRSP. Thanks.
Q: Many seniors who withdraw funds from RRIFs but don't require the funds for expenses are not aware that investments need not be sold and commissions paid to fund the withdrawal, as in Donald's recent question. John Heinzl addresses this in a recent article titled "the ABCs of mandatory RRIF withdrawals" available here: http://www.theglobeandmail.com/globe-investor/investor-education/rrif-minimum-withdrawals-separating-fact-from-fiction/article19380686/#dashboard/follows/
Q: As a starting investor I had a small amount of capital in the form of an RRSP contribution and have bought equities, however I need to keep adding to my portfolio as I have only just begun investing. Thanks to your team some of my stocks have done quite well and based on the 10% limit I should be trimming positions in them but my long term goal would be to have more shares of the equities in question so would have a hard time selling shares in these companies with that goal. Yet, I do not have enough capital to buy enough of my other investments to bring these weightings back below 10%. What is a good strategy to move forward? Do you recommend small monthly contributions or save until I have a designated amount to contribute say $5000?
Q: I have a small registered account where the earnings are taxed upon withdraw. Currently it holds 100 shares of: BAD, ESL, HR.UN and STN (with only a small net gain over the six months it's been open). I have an additional $2000 to invest. What is your suggestion for about a 10 year time horizon. I don't want to take on too much risk but do very much want to increase the returns (like everyone does!) What's your suggestion?
Thanks!
PS. I love that you are biking for personal challenge and kids' cancer. I'll definitely contribute to the cause!
Thanks!
PS. I love that you are biking for personal challenge and kids' cancer. I'll definitely contribute to the cause!