Q: In FU to my previous question about the need to pay capital gains my new CVE shares from the takeover of MEG, you stated it can be a tax-free transaction "if the rollover is declared". As I did an AI search for clarity, it states that the Section 85 rollover cannot be declared unilaterally by one party; both the individual taxpayer and the acquiring Canadian company must jointly elect for the Section 85 rollover. Can I assume that CVE would have declared their part in the "joint election" with CRA? So when I file my taxes and use the form, it should be okay? Thanks
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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: good day to you all
not sure this question was asked before if so sorry for the repeat
if GLXY was sold in the margin account for tax loss purposes can you buy it in the TFSA without waiting ?
thanks for your great and wise services
not sure this question was asked before if so sorry for the repeat
if GLXY was sold in the margin account for tax loss purposes can you buy it in the TFSA without waiting ?
thanks for your great and wise services
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BCE Inc. (BCE $32.64)
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Pason Systems Inc. (PSI $11.82)
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TMX Group Limited (X $51.51)
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goeasy Ltd. (GSY $125.94)
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Trisura Group Ltd. (TSU $39.56)
Q: Firstly, I very much appreciate your tax loss, selling list and the explanations that came with it.
I am down about 22% on both BCE and GSY. Would either or both be appropriate for a tax loss/re-buy strategy?
On PSI, X, and TSU I am down about 6 1/2%. Is it worth considering these for the same strategy, or am I just being silly?
Thank you very much for your help.
Gary
I am down about 22% on both BCE and GSY. Would either or both be appropriate for a tax loss/re-buy strategy?
On PSI, X, and TSU I am down about 6 1/2%. Is it worth considering these for the same strategy, or am I just being silly?
Thank you very much for your help.
Gary
Q: As a holder of EMX.CA do I have to pay capital gains tax on its merger/takeover by ELE? If so what is the purchase price that I must record? If not, what is the merger/takeover price of the received ELE stock? Thank you.
Q: Hello. In the MEG takeover by CVE, I opted for all shares, but received 96% shares and 4% cash because it was over subscribed. In my TD statement, the "book cost" of my new CVE shares reflects the price of the recent transaction, not my original cost of the MEG shares. Will I need to pay capital gains on the shares? As I researched the issue, some sites say the transaction is a "deemed disposition", and I will need to pay capital gains on the shares and cash, and other sites say I can use the "Section 85 rollover" provision to delay capital gains on the shares. Your insight is appreciated.
Q: what is the present status of the capital gains inclusion rate for personal and corporate investment accounts?
Q: Have you published your annual ideas of potential rebounds resulting from tax loss selling?
Q: Hi,
What is the CDN TIXT price per share from the merger between T & TIXT? How would this merger be recorded if someone had both stocks in their portfolio.
Txs
What is the CDN TIXT price per share from the merger between T & TIXT? How would this merger be recorded if someone had both stocks in their portfolio.
Txs
Q: Would you take a tax loss on CSU in November or wait till December? Thank you
Q: not sure if you have answered this one but putting bep.un or bip.un in a tfsa does it make sense for withholding tax purposes etc. or is it the same as putting all canadian equities in.
Q: Hello,
I do not understand the 60/61 days restriction for superficial loss on a stock sale.
I understand the ‘Do not rebuy’ before 30/31 days AFTER the sale. But what does the 30 days period PRIOR to a sale have to do with it? If I added to a losing position 2 weeks ago, and increased my loss, (thanks LMN!), can I sale now and rebuy in 31 days? Cash account only, no ‘affiliated’ person. Many thanks
I do not understand the 60/61 days restriction for superficial loss on a stock sale.
I understand the ‘Do not rebuy’ before 30/31 days AFTER the sale. But what does the 30 days period PRIOR to a sale have to do with it? If I added to a losing position 2 weeks ago, and increased my loss, (thanks LMN!), can I sale now and rebuy in 31 days? Cash account only, no ‘affiliated’ person. Many thanks
Q: Hi Team,
Meta took a 15B one time non cash tax hit as a result of trumps “big beautiful bill”. What does this really mean non cash? Why aren’t other companies reporting the same type of hit? Aren’t all companies under the same tax rules? This news seems to be scewing strong operational results and causing a big share price drop. Looks like a buying opportunity to me. Do you agree?
Shane
Meta took a 15B one time non cash tax hit as a result of trumps “big beautiful bill”. What does this really mean non cash? Why aren’t other companies reporting the same type of hit? Aren’t all companies under the same tax rules? This news seems to be scewing strong operational results and causing a big share price drop. Looks like a buying opportunity to me. Do you agree?
Shane
Q: What was the spin-off price of Brookfield Asset Management?
Thank you.
Howard
Thank you.
Howard
Q: Hi Peter, Yet another question on reporting US threshold limit (Form T1135). Does it apply to RRSP & LIRA accounts as well?If so, do I combine the exposure of both accounts or treat them as individual accounts. Also, does it apply to Bonds and ETF’s as well.
Thanks for the superior service. Much appreciated.Ivan
Thanks for the superior service. Much appreciated.Ivan
Q: Since CDRs are listed on a Canadian exchange I was surprised when in your response to Greg this morning you stated: "CDRs are treated the same as US stocks for tax purposes". My understanding is that US ETFs listed on a Canadian exchange are not subject to form T1145.
Q: Peter’s email today discussed CDRs
My question is - does this type of investment in US stocks contribute to the $100,000 threshold limit for reporting foreign property (form T1135)?
My question is - does this type of investment in US stocks contribute to the $100,000 threshold limit for reporting foreign property (form T1135)?
Q: Further to my recent question about the 30 day stock repurchase rule -
May I repurchase a stock that I have sold with a capital gain in my margin account in less than 30 days? since I am not claiming a capital loss?
May I repurchase a stock that I have sold with a capital gain in my margin account in less than 30 days? since I am not claiming a capital loss?
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Constellation Software Inc. (CSU $3,378.00)
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Topicus.com Inc. (TOI $125.42)
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Lumine Group Inc. (LMN $27.03)
Q: You mentioned CSU year end tax selling as probable. Do you feel the same on TOI & LMN? How do you like these as a current discounted purchase? Especially if you were to leave as a 10 year hold.
Q: Would you please clarify the 30 day rule on stock repurchase.
Does the 30 day rule apply to a TFSA account or to a LIF account?
Does the 30 day rule apply to a TFSA account or to a LIF account?
Q: If an investor books a large capital gain (and has no losses to offset it), how should it be handled from a tax perspective? Is it OK to wait untill filing to pay the tax on it? Or does the CRA want its cut right away? Thanks.