Q: Hi, I’m thinking of selling BCE after December 16 Ex Dividend so I will qualify for January’s payment. I’m at a loss on BCE in my cash account and plan on using this loss in future years to offset capital gains. So as not too lose the dividend income I depend on I plan on buying the same amount of BCE shares in January after waiting the mandatory 30 days. Would appreciate your thoughts on this plan. Also, on a side note do you see more downward pressure on the stock in December due to tax loss selling and ex dividend or do you feel it’s forming a base and has bottomed out in the 37-38 range . 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: if an investor took cash out of canada and invested it outside of Canada and never brought any of the proceeds back into the country , could one avoid any Canadian taxes ?
Q: I'm considering selling part of my BCE holding for the loss. Can I claim the tax loss benefit? I may or may not repurchase after 30 days.
Apologies if this has been asked before - just making sure as the loss would be my only reason for selling.
Thanks for your help.
Apologies if this has been asked before - just making sure as the loss would be my only reason for selling.
Thanks for your help.
Q: Hi 5i
I am a 78 year old senior.
I have a significant portion of my investment wealth in my Non Registered account.
In my TFSA I have picked up several high yielding ETF's from Purpose Investments and other companies.
Each month I transfer out the TFSA Etf monthly distributions to support my income needs.
The following year I transfer into my TFSA the current year contribution plus my prior year income distributions that were withdrawn.
I fund this annual contribution with funds from my Non Registered account managing the capital gains/losses in this process.
I have had significant capital gains in these TFSA Etfs in addition to the significantly higher yields being paid.
I am very careful to ensure that I stay within the requirements around timing of taking out funds from a TFSA and recontributing.
Having followed this plan for a few years now, I am almost meeting my annual income needs with non taxable income from my TFSA and maintaining my original capital invested plus capital gains within my TFSA.
My goal was and continues to be reducing my income for tax purposes and managing to not having my OAS clawed back.
What do you think of this strategy and is there anything you see that I could be overlooking.
Thank you for your feedback.
I am a 78 year old senior.
I have a significant portion of my investment wealth in my Non Registered account.
In my TFSA I have picked up several high yielding ETF's from Purpose Investments and other companies.
Each month I transfer out the TFSA Etf monthly distributions to support my income needs.
The following year I transfer into my TFSA the current year contribution plus my prior year income distributions that were withdrawn.
I fund this annual contribution with funds from my Non Registered account managing the capital gains/losses in this process.
I have had significant capital gains in these TFSA Etfs in addition to the significantly higher yields being paid.
I am very careful to ensure that I stay within the requirements around timing of taking out funds from a TFSA and recontributing.
Having followed this plan for a few years now, I am almost meeting my annual income needs with non taxable income from my TFSA and maintaining my original capital invested plus capital gains within my TFSA.
My goal was and continues to be reducing my income for tax purposes and managing to not having my OAS clawed back.
What do you think of this strategy and is there anything you see that I could be overlooking.
Thank you for your feedback.
Q: to lower capitol gains can i buy an equal amount of shares today and then sell it all in a month.or do i have to hold longer.thank you b white
Q: For tax purposes (t1135) is btcc considered foreign content?
Q: Greetings 5i,
Are dividends from this ETF eligible for the CDN dividend tax credit?
I have flipped through the prospectus and other available reading material on the ishares website and can't find the answer to this seemingly simple question.
Thank you as always
SP
Are dividends from this ETF eligible for the CDN dividend tax credit?
I have flipped through the prospectus and other available reading material on the ishares website and can't find the answer to this seemingly simple question.
Thank you as always
SP
Q: For my TFSA, I am hesitating between VBAL and XBAL. Which one do you prefer? Because of the U.S. and international component of these ETFs, will there be withholding taxes in a TFSA or other tax considerations we should know about? Thank you for your guidance
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Global X S&P 500 Index Corporate Class ETF (HXS $91.98)
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Global X Intl Developed Markets Equity Index Corporate Class ETF (HXDM $55.96)
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Global X Emerging Markets Equity Index Corporate Class ETF (HXEM $43.70)
Q: This is a follow-up question to one I asked a few days ago regarding increasing Int’l exposure to my TFSA. Would the structure of the Global X Corporate class ETFs, eg. HXDM, HXS, HXEM, eliminate the drag of withholding taxes on the portfolio?
Q: I
Have a bit of a blank spot. If I sell BCE in us dollars and a bought it at varioustimesin Canadian Dallas,Don I believe a have tocalculatethe ACB in reference to exchange rate of the times, Am I right?
Have a bit of a blank spot. If I sell BCE in us dollars and a bought it at varioustimesin Canadian Dallas,Don I believe a have tocalculatethe ACB in reference to exchange rate of the times, Am I right?
Q: Have you released a list of candidates to pick up during tax loss selling season?
Q: Hi
I ask this for tax savings in the end.
As I am single (widowed age 68) and have done very good as a result of 5i.
When I pass away have my RRSP will be taxed at about 50%.
My thinking is moving my RRSP into a RIFF and start withdrawing now and funneling my payments to my children after paying the taxes.
I do not receive OAS now, so it is not a issue.
I would like to see my children learn how to invest now.
Does this make sense.
Thank you
Mike
I ask this for tax savings in the end.
As I am single (widowed age 68) and have done very good as a result of 5i.
When I pass away have my RRSP will be taxed at about 50%.
My thinking is moving my RRSP into a RIFF and start withdrawing now and funneling my payments to my children after paying the taxes.
I do not receive OAS now, so it is not a issue.
I would like to see my children learn how to invest now.
Does this make sense.
Thank you
Mike
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Apple Inc. (AAPL $227.16)
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Amazon.com Inc. (AMZN $227.94)
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Alphabet Inc. (GOOG $209.16)
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Microsoft Corporation (MSFT $504.26)
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NVIDIA Corporation (NVDA $179.81)
Q: Everyone, what is your opinion on US large tech going forward. Apple, Amazon,, Google, Microsoft, Nvda etc. Clayton
Q: If I own shares of this both as a CDR and Nasdaq holding are they treated as having a different capital cost for tax purposes?
Q: Just sold BCE this morning (Nov 08/24). Please confirm the earliest date I can rebuy, should I decide to get back in? I get a bit confused due to the weekend impact on Date of Record, which would impact the minimum 30 day CRA requirement.
I assume the DOR for selling would be Monday Nov 11/24. Therefore, use 19 November days + 11 December days => DOR for buying would be Dec 11/24. This would mean that I could consider rebuying on Dec 10/24.
Am I correct? Thanks for your help....Steve
I assume the DOR for selling would be Monday Nov 11/24. Therefore, use 19 November days + 11 December days => DOR for buying would be Dec 11/24. This would mean that I could consider rebuying on Dec 10/24.
Am I correct? Thanks for your help....Steve
Q: Hi, This is related to Taxation. I sell BCE in personal cash account, book loss against gains in the same cash account and then buy BCE under wife cash account. Will i be able to book loss under personal cash account? Thanks
Q: Tax question
If l sold Bce for a 30,000 dollar loss and also sold
Bip.un for a 30,000 gain would that offset the capital gains ?
My Concern is bip.un is milt national company and that the same rules apply
If l sold Bce for a 30,000 dollar loss and also sold
Bip.un for a 30,000 gain would that offset the capital gains ?
My Concern is bip.un is milt national company and that the same rules apply
Q: Last winter I was lucky enough to buy some NVDA shares. I do need USD for Florida. My question is, I decided to sell enough shares to cover my initial cost. I am now playing with just profit. What would my adjusted cost base be. O or the original price of the shares. It is in a TFSA.
Q: I want to start doing an RRSP meltdown. I'm considering moving ZID in-kind to my non-registered account but was wondering about the implications. Since this is a Canadian-based ETF, I don't think it has any effect on having to fill out Form T1135, Foreign Income Verification Statement, does it ?
Acknowledging that 5i staff are not tax experts, do you recognize any other caveats that one should be aware of for having this ETF within a non-registered account? Thanks !
Acknowledging that 5i staff are not tax experts, do you recognize any other caveats that one should be aware of for having this ETF within a non-registered account? Thanks !
Q: I've read some Q&A on tax-loss selling on this stock, and others in the past. If one were to do this with the plan of buying back - say BCE in this case, is this not a form of market timing that could go very wrong if the price were to suddenly rise? I don't see the benefit, if this plan did not work as anticipated (?)