Investment Q&A

Q: Hello 5i, Can I get your analysis on Richards. One thing I noticed going thru the financials is that the distribution is a return of capital and not a dividend. Could you clarify that as well and the implications on my investment as I understood it to be them simply returning my money as opposed to getting a dividend from profits. Thanks

Q: What stocks would be classified as foreign investments to be reported on T1135 form even though listed on Canadian exchanges? I am referring to stocks covered by 5i or frequently mentioned in the q&a section.I believe you have stated CXI, PHM and TCN fall in this camp. Might I assume BPY.UN any others? Is this information available from other sources? Thanks as always.

Q: Good Morning
I realize that in order to claim a capital loss you have to wait for 30 days before repurchasing the security.Can you still claim a capital loss if you purchase a call option of the said security after you sold it ?
Thanks

Q: Re Ralph's question: since there is no change in beneficial ownership, there should not be a tax consequence. Henry

Q: If I own CXI in my non-reg account and TFSA account (both are at a loss) and I sell it in my non-reg to take advantage of a tax loss, does the fact that I still own it in my TFSA make it a superficial loss? I will not be buying it back in the non-reg.

Q: hi Peter
I am looking at some re balancing my portfolios - wanted your opinion on how I should set up my 3 accounts. I use a Registered account - non registered account and a TFSA account. I invest in Growth stocks - Dividend stocks and I also invest in some smaller cap aggressive growth stocks as well. I still have apx 35yrs before withdrawing from my rrsp account. I have been using my rrsp account for Large Cap Dividend stocks but not sure that's the best way to go? any advice is appreciated

Q: If holding for the long term, does it make more sense (taxes) to have these stocks in a RSP instead of a cash account?

Q: Are there any tax issues with holding BIP.un in a non registered account? Is it eligible for a canadian dividend credit or does it count as a foreign dividend?

Q: hello 5i:
can you advise what type of tax treatment dividends from US REITs, such as OHI, receive here in Canada? From either a registered or open account?
thanks
Paul L

Q: I understand that if I transfer a stock from a non registered account to a TFSA a/c I cannot claim tax loss on the transaction. Am I correct to assume that if there is a gain, then a capital gain is not applicable as well?

Q: Happy New Year Peter and the 5i Team,

Last year,I transferred (in-kind) some 'poorly' performing stocks from my RRIF to my non-registered account. The reason for doing this is three-fold: (1) I am in the fortunate position of not needing the RRIF income for living expenses, so am gradually reducing my RRIF portfolio even though I realize that these withdrawals are taxable.
(2) If the stocks continue to under perform, they can be used as tax-loss selling inside the non-registered account. (3) If the stocks turn around, then the non-registered portfolio will grow, and the dividend tax credit will help to reduce the overall tax burden, when applicable.

Given that my 'thesis' is valid, and if what I've outlined is a good idea, which of these "under performers" in my RRIF would you suggest be transferred to my non-registered account? ABT, G, HLF, PEY, and SPB.

Thanks to 5i's timely advice,the "outperformers" in my RRIF have done very well so that even in this difficult market, the portfolio is still up and handily beating the TSX.

Since this is a rather convoluted question, please dock my question credits accordingly!

Thanks as always.

Q: I have a locked in RSP that I want to soon access. Can I still hold stocks if I transfer it to a LIF or a LIRA? I live in Nova Scotia.

Thanks

Q: I hold in my margin account stocks that are down:
BYD.UN (-4%)
CXI (30%)
MG (9% )
DOL (10%)

Can I transfer on January 4th.2016 this stocks in kind from my margin aacount to my TFSA account and have at the same time tax loss selling for 2016 apply to my margin account.

Q: If I sell an equity when the market opens on Dec 29th would it qualify for tax loss selling?

Q: Do all .UN companies pay out distributions instead of dividends? If so is it more tax efficient to hold these type of stocks in a registered account? Thanks you and Merry Christmas to all.

Q: Can one sell a stock within a RSP or TFSA and immediately purchase the same stock in a non sheltered account.

There would be no loss claimed obviously.

Q: DTV has merged with AT&T this year. How was the deal structured? There were shares and cash given. What happens at tax time with the cash distribution and with the old/new shares?

Q: Just a quick follow up to the question asked earlier by Kathleen in regards to moving AGU from US $ to CAD$, there will be no tax on the move of AGU because it has not been sold but there will be tax on the currency exchange I believe, selling US $$ at a gain I presume.

Q: If I transfer a stock in kind to my RRSP account,is it advantageous to pick one that is down a bit that you think will eventually come back up(Altagas,Vermilion,etc)or Sunlife that I am up on price on.Thanks Don

Q: I purchased AGU on the US side of a taxable account. I want to move it over the the CAD side. Will this be a taxable event?