Q: I can book a tax loss on BCE (never thought I would be saying that), just wondering if I intend to buy it back in 30 days would RCI be an ok placeholder (Telus already owned) or placeholder not needed and just wait the 30 days in cash? (brokerage fees not a consideration). Thanks,
You can view 3 more answers this month. Sign up for a free trial for unlimited access.
Investment Q&A
Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.
-
Brookfield Renewable Partners L.P. (BEP.UN)
-
Brookfield Renewable Corporation Class A Exchangeable Subordinate Voting Shares (BEPC)
Q: I hold both BEPC and BEP.UN. THE BEPC SHARES I HOLD AT A LOSS. I’M WONDERING IF YOU KNOW WHETHER OR NOT I CAN SELL THE SHARES IN BEPC AND BUY BEP.UN WITH The proceeds, and still claim the capital loss on the BEPC shares?
-
iShares U.S. High Yield Bond Index ETF (CAD-Hedged) (XHY)
-
iShares Interest Rate Hedged High Yield Bond ETF (HYGH)
Q: HI;
Would you be kind enough to explain the differences and similarities between these two? Is xhy the canadian version of hyg? Is it hedged?
Is there wh tax on xhy. Level 1 or 2? Can I avoid the wh tax by buying hyg? Is hyg a us or canadian listed etf? Is hyg hedged?
Thanks, BEN.
Would you be kind enough to explain the differences and similarities between these two? Is xhy the canadian version of hyg? Is it hedged?
Is there wh tax on xhy. Level 1 or 2? Can I avoid the wh tax by buying hyg? Is hyg a us or canadian listed etf? Is hyg hedged?
Thanks, BEN.
Q: I'm trying to include tax planning in my investment decisions more than ever. Given that our Canadian governments have insatiable demand for new tax revenue and that politicians love to shower the electorate with new "free stuff" which of the following tax easing shelters do you feel will be attacked first? Will it be reducing the principal residence exemption, increasing capital gains rates, decreasing the dividend tax credit rate or something else?
Q: Greetings:
I recently opted for Broadcom to buy the few VMWARE shares which i held at BMO INVESTORLINE. When the cash arrived in my account they deducted 15% wh tax. This is not a limited partnership, but instead a capital sale. They will not be issuing a dividend slip so I don't know how I will be able to get the tax back. Your suggestions , please.
Thanks, BEN.
I recently opted for Broadcom to buy the few VMWARE shares which i held at BMO INVESTORLINE. When the cash arrived in my account they deducted 15% wh tax. This is not a limited partnership, but instead a capital sale. They will not be issuing a dividend slip so I don't know how I will be able to get the tax back. Your suggestions , please.
Thanks, BEN.
Q: re: Indra's question about UK and Hong Kong withholding taxes:
S&P Dow Jones Indices maintains a list of withholding tax rates for every country.
(google S&P Global withholding tax rates.)
The UK and Hong Kong have 0 withholding tax.
S&P Dow Jones Indices maintains a list of withholding tax rates for every country.
(google S&P Global withholding tax rates.)
The UK and Hong Kong have 0 withholding tax.
Q: Hi 5i,
I hold a position in an RRSP, it pays a dividend but is not dripped.
My question is if share price is $30 and i receive a $2 dividend, am I correctly considering I have reduced cost base by $2 per share to $28?
Is this correct or is there a better way to view overall investment value?
thx
I hold a position in an RRSP, it pays a dividend but is not dripped.
My question is if share price is $30 and i receive a $2 dividend, am I correctly considering I have reduced cost base by $2 per share to $28?
Is this correct or is there a better way to view overall investment value?
thx
Q: Last week on BNN market, call Jason Del vicario, was asked the question on kxs . He suggested that the caller look at MANH in the US instead.
Can you give an opinion on Manh vs kxs and if u could only buy one which would you buy?
He also mentioned that there is no withholding tax for Canadians on dividends from UK and Hong Kong domiciled stocks
Can you confirm this thank you
Can you give an opinion on Manh vs kxs and if u could only buy one which would you buy?
He also mentioned that there is no withholding tax for Canadians on dividends from UK and Hong Kong domiciled stocks
Can you confirm this thank you
Q: Hi team. ENB.PF.U pays dividends in US$ but it is a Canadian company, therefore would the dividends on this US$ preferred be eligible for the dividend tax credit in Canada?
-
Aritzia Inc. Subordinate Voting Shares (ATZ)
-
Trisura Group Ltd. (TSU)
-
Nuvei Corporation Subordinate Voting Shares (NVEI)
Q: Tax loss season is an opportunity to shop for bargains. Can you name 2 or 3 that are excessively beaten down, therefore likely to bounce and rise further on fundamentals?
-
Horizons S&P 500 Index ETF (HXS)
-
Horizons S&P/TSX 60 Index ETF (HXT)
-
Horizons Intl Developed Markets Equity Index ETF (HXDM)
Q: MoneySense recommended HXT as one of the best Canadian ETFs for years, but not in 2023. Is there any concerns that the government may crack down on Horizon's Total return funds that do not pay out any dividends?
Thanks!
Thanks!
-
iShares MSCI World Index ETF (XWD)
-
iShares S&P Global Industrials Index ETF(CAD-Hedged) (XGI)
-
Vanguard U.S. Dividend Appreciation Index ETF (VGG)
-
Health Care Select Sector SPDR (XLV)
Q: My question yesterday did not seem to go through as it did not show up in "My Questions".
In reading your newsletter "What Investments to hold in your TFSA or RRIF" - I hold the above 4 ETF's in my TFSA and was wondering if they should be in this account?
I interpret your information as they should not be in an TFSA.
Thanks
In reading your newsletter "What Investments to hold in your TFSA or RRIF" - I hold the above 4 ETF's in my TFSA and was wondering if they should be in this account?
I interpret your information as they should not be in an TFSA.
Thanks
Q: Hello I wanted to confirm I am correct in assuming if I transfer in kind a stock from a non registered account to a registered account that the transfer from the non reg would be taxable event? Assuming there was a profit, or if at a loss I could use that loss against other cap gains?
Thanks
Thanks
Q: Thank you for providing a comparison of the 2 today. If I sell MAW104 for tax loss and buy VBAL within 30 days, do you think there is risk of Revenue Canada not allowing the claim of tax loss?
Q: If I sell a US stock or an ADR that shows a loss in USD but a gain in (reportable) CAD, how does the 30-day rule apply? Must I wait 30 days to buy it back or can I do it right away?
The same question would apply to a Canadian stock that I hold on the US side. It shows a loss in USD but a gain in CAD.
In other words, if I am claiming a gain on my income tax return (which I am reporting in CAD) and not a loss, can I buy the stock back straight away?
The same question would apply to a Canadian stock that I hold on the US side. It shows a loss in USD but a gain in CAD.
In other words, if I am claiming a gain on my income tax return (which I am reporting in CAD) and not a loss, can I buy the stock back straight away?
Q: I am trying to figure a way to get around the 30 day rule for selling a stock at a loss and rebuying it. I sold HBF to capture a capital loss. If I now buy HBFE before the 30 days, do I still get the capital loss? The two ETFs are identical, its just HBFE uses 25% leverage. I understand the increased risk.
Similarily there are ETFs now which have a .U after the symbol. The .U version is in USD. I suspect the CRA considers them the same and I would lose the capital loss if I sold the Cdn version and rebought the.U version. Please confirm.
Similarily there are ETFs now which have a .U after the symbol. The .U version is in USD. I suspect the CRA considers them the same and I would lose the capital loss if I sold the Cdn version and rebought the.U version. Please confirm.
Q: ATZ,AC,BIP.UN,BEP.UN,CS,CP,DND,GEI,DND,GEI,MDI,OLA,PD,TECK.B,TCN,SDE,SVI,
GERT.UN(GRANITE)
Which would you sell for a tax loss
GERT.UN(GRANITE)
Which would you sell for a tax loss
Q: I would appreciate your scrutiny of this company, its current financial indebtedness. The past history of dividend growth, and is this 10% yield sustainable, also is this dividend eligible for the dividend tax credit, or is this an interest payment? Thank you for this info.
Q: Still looking into tax loss selling. The last few days have made me somewhat apprehensive, though. Things can shoot up fast. I have, unfortunately, fairly substantial losses in these three. Does 5i have any objections to selling, with the perspective of buying back later?
Thanks for your excellent advice
Thanks for your excellent advice
Q: Ran the numbers on ENB tax loss sale but using Call/Put strategy to ensure I get it back near today's price for $80 cost. Would this be a useful strategy to crystalize the price for buy back?