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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: I was reading Steve's question RE: combining the RRSP and Spousal RRSP. Depending on the situation, there could be a downside because of the spousal attribution rule. This will depend on when the last contribution was made to *any* spousal RRSP and when the withdrawals will start.

Read Answer Asked by Wayne on March 22, 2023

Q: My portfolio is getting quite a bit overweighted in certain areas, yet if I rebalance I will be setting myself up for capital gains, would you consider it prudent to accept cg in order to rebalance a portfolio ?

Read Answer Asked by Peter on March 20, 2023

Q: this is a tax-related question on possible capital gains inclusion rates changes.
Currently the rate in Canada sits at 50% but I believe there could be some pressure to increase this rate for the upcoming budget as a means to generate more tax revenue. I know they have been as high as 75%.

Of course, no one can predict what changes a government will make on Budget Day but I wondered if they increased the inclusion rate on capital gains to say 75%, would they also have to increase the inclusion rate for capital losses to the same 75%?

I, like I'm sure many others, am sitting on quite a few unrealized capital losses (admittedly from my poor investment decisions!)

Can you let me know if I'm thinking about things in a 'smart' way? I want to delay any selling of my losing positions till after The Budget, just in case the Capital Loss inclusion rate goes up in the next budget?

Read Answer Asked by Neelesh on March 20, 2023

Q: Good Morning

Are the 5I research analytics fees income tax deductible and if they are where are they added to on the tax form

Read Answer Asked by Marcel on March 14, 2023

Q: Regarding carrying charges for etf investment income are you allowed to use fund fees.
For example. $40,000 on Dec. 31 X .0069 management fee = $276 carrying charges, or
$40,000 X .0076 mer = $304

Thank you

Read Answer Asked by JOHN on March 14, 2023

Q: Subject Preferred Shares are up for reset June 1, 2023. In the event company redeems on this date (they redeemed ENB.PR. J USD last year), is there any recommendation to avoid large currency related capital gain on this shareholder uncontrollable event while Can $ is particualrly weak vs US$?
Thank you

Read Answer Asked by Mark on March 09, 2023

Q: Hi, I sold some stocks last year that had gains, but missed selling the loser that I was going to offset them with. This year I have 2 stocks left one has a gain and the other is loss I missed selling last year. Can I use this loss to help me in any way going forward. Thanks.

Read Answer Asked by Nick on March 01, 2023

Q: Hi Team 5i,
Can you please recommend a financial software that can be used to develop a retirement strategy for withdrawing funds from RRSP, TFSA, Investment accounts, etc.?
Of particular value would be a platform that details how to draw down funds and at what amount and/or percentage of one's overall portfolio on an annual basis.
Thank you.

Read Answer Asked by Greg on February 22, 2023

Q: 5i recently answered Dennis' question on CDRs as follows: “CDRs are considered US holdings in all aspects, including withholding taxes and foreign securities reporting. ....”

All respects? My understanding is that CDRs are considered Canadian-situs (rather than U.S.-situs) holdings, which means that holding U.S. assets via CDRs would not affect a Canadian who might otherwise be subject to U.S. estate tax reporting and/or payment issues. Can you clarify this point?


Read Answer Asked by Ted on February 21, 2023