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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: Please advise if HAMILTON covered call ETF (QMAX, EMAX and others) eligible for the Canadian dividend tax credit.

Thanks for the great service
Read Answer Asked by Hector on October 08, 2024
Q: Is there a CRA or other government agency limit on cash gifts to adult children living out side of Canada but who has a Canadian bank account to facilitate annual visiting trips home and affairs in Canada?
Read Answer Asked by William Ross on October 07, 2024
Q: Good morning!

If I sell a stock in a TFSA at a loss, do I have to wait 30 days to buy it back?

Thanks

Dave
Read Answer Asked by David on October 04, 2024
Q: Because the stock symbols are distinct can I sell BEP.UN at a loss and then buy BEPC within a week while booking the loss?
With appreciation,
Ed
Read Answer Asked by Ed on October 01, 2024
Q: Wonderfi seems to have struggled even as Cryto activity and prices have risen.

Currently share price is back near its 52 week low so whatever they are doing seems not to be working even though crypto itself over the past months has risen.

If their revenue is generated merely as a function of AUM shouldn't the higher crypto price have led to better Profitability and going forward with crypto seemingly being accepted, alto not necessary endorsed, would you see any liklihood of another financial institution buying them to participate in the crpto market on an arms length basis?

Could any of the lack of performance relate to share dilution and lastly at this level could its current price justify a small investment?

Craig
Read Answer Asked by Craig on October 01, 2024
Q: I realize you are not tax experts, but I wonder if you can, nonetheless answer my question. I want to donate securities to charity. According to Wikapedia stocks owned for a year or more can be donated.. I'm assuming that's a US requirement as I can't see anything suggesting Canadians can't donate more recently purchased stocks. I want to donate a stock I technically bought in January (CSU deregistered from my TFSA) and then buy it again. Do you know any reason I can't do this? Thanks
Read Answer Asked by M.S. on October 01, 2024
Q: Sir: I am old, but still need your advise…am taking profits on stocks and just want to keep up with ( true) inflation, and don’t need any more of anything… hate paying taxes… like simplicity… tempted to just invest in precious metals and energy… appreciate your thoughts…
Read Answer Asked by James on September 24, 2024
Q: Retired relying solely on my public pensions. Have held DIR.UN for a long time. Just read your latest report. ACB is $3.27 after the ROCs. I hold 2700 units in TFSA which I am orienting towards a growth portfolio instead of income. Would you agree this equity is a candidate to move to my balanced cash account before year end to give it a higher ACB, continue to hold and maybe even add to it?
Read Answer Asked by William Ross on September 24, 2024
Q: TC Energy has set the date for the South Bow spin off (I believe Oct/24 - not sure if it was the beginning or end of month) I read that the spin off will not be subject to capital gains until it's sold, that much seems straight forward.

Can you please help me understand how the Average Cost Base will be established, will it be the price of the South Bow Shares at the outset of trading on day one?? I'm assuming the Cost Base for the remaining TC Energy shares stays the same, even tho the share price will be reduced to reflect the pricing of South Bow.

Thanks
Read Answer Asked by jeff on September 24, 2024
Q: I asked something about BCAT a little while ago and I now have another question. It appears that the monthly distributions are issued as a return of capital; can you pls confirm if that is the case. And secondly, is a return of capital by a US entity still a return of capital for Canadian tax purposes, or does CRA treat it as interest? I know tax is not your forte, but any info you can provide would be great. Thanks for your excellent service.
Read Answer Asked by Leonard on September 24, 2024
Q: My brother in law is asking me about flow through shares.
Can you provide me with some pros and cons of flow through shares.
a sense of the flow through sales industry, i.e. % commissions on the sale of these products.
How risky are they in your experience.
Do the tax breaks / incentives actually warrant the investment?
The sales pitch is that it is for high income earners, is that really because, they are the ones who can afford to lose the investment
Read Answer Asked by Ernest on September 19, 2024
Q: I'm considering buying HDIV ETF. On the ETF website it shows a 2023 total distribution of $1.974 and a ROC (return of capitol) of $ 1.66201 . After watching a video of ROC sometimes the ROC is not a reduction of NAV but just for tax purposes. And in some instances it is actually a return of your own capital and your NAV is reduced. Can you give some clarity on ROC. And how to determine if an ETF in my investment account has dropped in value from return of my own capital or loss of the underlying securities of ETF? My personal situation all my investment accounts are RRSP and TSFSA.

Thanks, Brian.
Read Answer Asked by Brian on September 19, 2024
Q: what info do you have about this company.
thanks
ralph.
Read Answer Asked by ralph on September 17, 2024
Q: In 2024, I put some money in BMO HISA accounts (ex: BMT109- not sure how to call them). The distributions are reinvested, not paid. Do you know if BMO will declare the interest paid at the end of the year, or will I have to declare them only when I sell some of it? Good day.
Read Answer Asked by Denise on September 09, 2024
Q: Hello 5i Team,

In an answer to a recent question about HESM, you stated:

"HESM is a US limited partnership, and has VERY onerous tax implications for Canadians..."

Is there a website that maintains an up-to-date list of US limited partnership stocks with additional tax implications for Canadian investors?

Thanks in advance for your always helpful advice!

Read Answer Asked by Keith on September 05, 2024
Q: Good evening,

I know you may not be a tax site but I recently heard that their may be some sort of restriction on Canadians holding foreign assets. Something to the effect of you need a certain ratio of Canadian assets to foreign assets. I don't think this is the case but if it sounds familiar could you please point me in the direction of more resources?

Thanks
Read Answer Asked by A on September 04, 2024
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