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.
You can view 3 more answers this month. Sign up for a free trial for unlimited access.
Investment Q&A
Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.
Q: While I know you are not tax experts, but if a Canadain receives a dividend from ET, is it subject to weithholding tax by US authorities? If so, what is the percentage withheld and is it more beneficial to hold the stock in TFSA or in a taxable account. Thanks
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.
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.
Q: It is my understanding that Brookfield Reinsurance Partners is included in T1135 reporting. RBC included this in there summary for T1135 reporting.
Make public should you chose.
Make public should you chose.
Q: Do any of the Brookfield companies require a T1135 to be filled out?
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?
Ted
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?
Ted
Q: Could you give the breakdown of the deal that UEC bought out UEX from a tax view point? Not sure of the selling price for UEX.
Thanks Greg
Thanks Greg
Q: Hi,
I did not need the capital loss in 2022, so I kept the shares. Is there a way to know what is the status of the bankruptcy? Would that be from the site of Deloitte https://www.insolvencies.deloitte.ca/en-ca/pages/Xebec.aspx ?
Can we expect any formal news for the investors in 2023 ? Do XBC patents have any value ? Thanks as usual.
I did not need the capital loss in 2022, so I kept the shares. Is there a way to know what is the status of the bankruptcy? Would that be from the site of Deloitte https://www.insolvencies.deloitte.ca/en-ca/pages/Xebec.aspx ?
Can we expect any formal news for the investors in 2023 ? Do XBC patents have any value ? Thanks as usual.
Q: I just read your recent answer about NXF.B and would like clarification about:
"There is withholding taxes on the direct US investments held in the fund"
i thought in RRSP there would not be withholding tax, is that just on dividends and the income generated on covered calls is treated differently?
"There is withholding taxes on the direct US investments held in the fund"
i thought in RRSP there would not be withholding tax, is that just on dividends and the income generated on covered calls is treated differently?
Q: Hello,
I am interested in having a small position of ARCC in my RSP. I am not sure if this will be qualified and is covered under the tax treaty.
Wondering if you know if there would be a withholding tax within my RSP with this fund?
Thank you!
I am interested in having a small position of ARCC in my RSP. I am not sure if this will be qualified and is covered under the tax treaty.
Wondering if you know if there would be a withholding tax within my RSP with this fund?
Thank you!
Q: When I put the subscription costs of 5iresearch for my income tax return under which category the money can be claimed? Portfolio manegement ?
Miroslaw
Miroslaw
Q: I have US investments that pay a dividend some are stocks, some are LPs, and some trusts. I have just come across with holding taxes that are higher than I thought they were.
Where can I find details of how these are taxed for a Canadian holder.
Where can I find details of how these are taxed for a Canadian holder.
Q: I’m looking to diversify a small portfolio in a TFSA by purchasing ‘some’ ETF’s with reasonable distributions and not too much risk to capital, the idea being that this is a growing ‘rainy day fund’. The most attractive ones, to me, involve at least some U.S. investments. I’m sure that the first thing you would say is that you are not tax experts. With that said, do you think that XHY’s income would be subject to the U.S. Witholding tax? And following that do you know of any online sources that list the tax implications of specific ETF’s re. Withholding tax? The most that ETF providers might say on their sites is that an ETF is TFSA/RSP eligible
.
I recognize that the tax does not rule out the utility of an investment. When would you ignore its’ presence for an investment? A long-winded question.
.
I recognize that the tax does not rule out the utility of an investment. When would you ignore its’ presence for an investment? A long-winded question.
Q: Hi,
I am pretty confident that I am correct! But wanted to make sure.
I need to help our adult "child" to buy a place. (Bidding wars have disappeard and some sense of normalcy has returned. Prices are still at least 10% higher than normal I would say!)
If I take 10,000 out of my TFSA, on January 01 2024, I can put in 10,000+6500=16500. Correct? Assuming in 2024 TFSA contribution remains at 6500.
Correct me if I am wrong.
Mano.
I am pretty confident that I am correct! But wanted to make sure.
I need to help our adult "child" to buy a place. (Bidding wars have disappeard and some sense of normalcy has returned. Prices are still at least 10% higher than normal I would say!)
If I take 10,000 out of my TFSA, on January 01 2024, I can put in 10,000+6500=16500. Correct? Assuming in 2024 TFSA contribution remains at 6500.
Correct me if I am wrong.
Mano.
Q: Hi There,
I just wanted to confirm that if you transfer a security from a cash account to a RRSP account, any accrued capital gain on the transferred securities on an in-kind contribution to an RRSP is immediately taxable to you, while any loss on such a transfer would be denied from being claimed as a capital loss.....is this correct!
If so, if you sold the security in the cash account and then transferred the cash to the RRSP, would you then be able to claim the capital loss?
Thank You,
I just wanted to confirm that if you transfer a security from a cash account to a RRSP account, any accrued capital gain on the transferred securities on an in-kind contribution to an RRSP is immediately taxable to you, while any loss on such a transfer would be denied from being claimed as a capital loss.....is this correct!
If so, if you sold the security in the cash account and then transferred the cash to the RRSP, would you then be able to claim the capital loss?
Thank You,
Q: Good morning,
If the onus is on the taxpayer to adjust one's ACB on mutual funds every year when there is a return of capital ("ROC"), how likely do you think it is that the CRA has as good a handle on what your ACB is on a particular holding?
I am fine to do it, and have been doing it annually for years. But as I started the process yesterday for the 2022 tax year, I could not help but wonder if it really is worth it. It is such a manual process that I struggle with how the CRA could track something like this for every individual tax payer.
If the onus is on the taxpayer to adjust one's ACB on mutual funds every year when there is a return of capital ("ROC"), how likely do you think it is that the CRA has as good a handle on what your ACB is on a particular holding?
I am fine to do it, and have been doing it annually for years. But as I started the process yesterday for the 2022 tax year, I could not help but wonder if it really is worth it. It is such a manual process that I struggle with how the CRA could track something like this for every individual tax payer.
Q: Hi ,I hope you can help me with my question
If you own a GIC say. a. 5 year one and the owner passes
earlier ?Can it be cashed
or would you have to wait till the regular cashing date.to settle the estate.
thanks a lot
Margit
If you own a GIC say. a. 5 year one and the owner passes
earlier ?Can it be cashed
or would you have to wait till the regular cashing date.to settle the estate.
thanks a lot
Margit
Q: If one trades a stock inside a registered account at a loss, does one still have to wait 30 days before buying back either inside or outside any account, registered or non-registered. Thanks
Q: Hello 5i,
It was mentioned that XHY should be kept in a registered account as it is foreign income. The dividend is shown to be paid in Canadian funds and the exchange is TSX.Where are the foreign income consequences related to holding XHY?
Thank you for your service
Stanley
It was mentioned that XHY should be kept in a registered account as it is foreign income. The dividend is shown to be paid in Canadian funds and the exchange is TSX.Where are the foreign income consequences related to holding XHY?
Thank you for your service
Stanley
-
A&W Revenue Royalties Income Fund (AW.UN)
-
iShares S&P/TSX Canadian Preferred Share Index ETF (CPD)
-
BMO Equal Weight REITs Index ETF (ZRE)
-
iShares Convertible Bond Index ETF (CVD)
-
iShares U.S. High Yield Bond Index ETF (CAD-Hedged) (XHY)
-
Dream Industrial Real Estate Investment Trust (DIR.UN)
Q: Hi,
Based on the questions pertaining to taxable dividends, and managing an income portfolio for my elderly parents, is there a substantial difference in tax treatment, if the above funds are held in a cash account? I was fortunate enough to get DIR.UN into a TFSA and am slowly moving AW into a TFSA as well. Do I take out the growthier names in the TFSA’s and move in the ETF’s or just let them go in a cash account?
Based on the questions pertaining to taxable dividends, and managing an income portfolio for my elderly parents, is there a substantial difference in tax treatment, if the above funds are held in a cash account? I was fortunate enough to get DIR.UN into a TFSA and am slowly moving AW into a TFSA as well. Do I take out the growthier names in the TFSA’s and move in the ETF’s or just let them go in a cash account?