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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: I hold HXDM in my unregistered account (MER: 0.22 + max 0.3 swap fee) and am looking for an international ETF for developed countries (ex. Canada & US), that like HXDM does not include small caps, only medium and large cap stocks. I could use HXDM but fees are high and AUM is only 477M, however, there is no withholding tax with HXDM - your comments appreciated.
Thanks!
Read Answer Asked by Grant on December 13, 2023
Q: Hi, Further to the Tax-Loss selling question on BCE, the Ex-Dividend Date is Dec 14th. While selling/booking the capital loss, would it make more sense to sell between Dec 14 to Dec 27, so not to lose 97 Cents dividend, and then buy back after 30 days ? Generally, my experience is that, on the Ex-Dividend date, the stock price drops, but recovers to previous levels, within a few days. Thank You
Read Answer Asked by rajeev on December 11, 2023
Q: Is BCE a good candidate for selling now for a capital loss and buying back in 30 days?
Thank you
Read Answer Asked by Michael on December 11, 2023
Q: What percentage of a RRIF must a person who is 76 in 2023 withdraw?
Thanks
Dave
Read Answer Asked by Dave on December 11, 2023
Q: Hello. Any views on the proposed AMT changes related to the inclusion rate for capital gains/losses? At this time there really seems to be a significant imbalance between gains and losses, but I am also hearing that because of this there is significant pushback.

Thanks.
Read Answer Asked by Trevor on December 11, 2023
Q: I am not a TAX expert but I thought that any option premium collected today should be claimed in 2023 not 2024. Since income is coming this year not next year.


Q: Good morning 5i
Looked on Google for an answer for this question but couldn’t find anything. If i sell a covered call option today with an expiration date in January, in which the stock is called away, in what year would I pay the capital gains tax, 23 or 24?
Thanks
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Asked by joseph on December 08, 2023
5I RESEARCH ANSWER:
The stock will be sold in 2024, so is taxable in 2024. The options will be closed out in 2024, so the premium is also taxable in 2024 (as a capital gain).
Read Answer Asked by Hector on December 11, 2023
Q: I intend to use as many losing companies such as above POU, RY, TOU and MG (presently underwater) against a significant amount of capital gains to reduce my taxes for 2023. I will probably buy them back in the new year. What is wrong with this approach? Please explain.
Thank you.
Read Answer Asked by ALBERT on December 08, 2023
Q: hello 5i:
what are the tax consequences of holding US denominated bond fund etfs, in a TFSA? If holding a US denominated GIC, what are the tax consequences in a TFSA?
thanks
Paul L
Read Answer Asked by Paul on December 08, 2023
Q: last day for tax loss selling u.s. and canada
many thanks for great service in a tough 2023.
Read Answer Asked by howard on December 06, 2023
Q: There are a number of ETFs offered which has a policy of using Options of up to 30% of the investment. The management fees in general is higher as it attempts to provide higher yield as well as Capital gains. As I have a few of these funds in various accounts, where can I find how much are they making in Options, Dividends and Capital gains. Will appreciate the source of such information in general for these kinds of ETFs.
Read Answer Asked by Ritwik on December 04, 2023
Q: I can book a tax loss on BCE (never thought I would be saying that), just wondering if I intend to buy it back in 30 days would RCI be an ok placeholder (Telus already owned) or placeholder not needed and just wait the 30 days in cash? (brokerage fees not a consideration). Thanks,
Read Answer Asked by Stephen R. on December 01, 2023
Q: I hold both BEPC and BEP.UN. THE BEPC SHARES I HOLD AT A LOSS. I’M WONDERING IF YOU KNOW WHETHER OR NOT I CAN SELL THE SHARES IN BEPC AND BUY BEP.UN WITH The proceeds, and still claim the capital loss on the BEPC shares?
Read Answer Asked by Donald on December 01, 2023
Q: HI;
Would you be kind enough to explain the differences and similarities between these two? Is xhy the canadian version of hyg? Is it hedged?
Is there wh tax on xhy. Level 1 or 2? Can I avoid the wh tax by buying hyg? Is hyg a us or canadian listed etf? Is hyg hedged?
Thanks, BEN.
Read Answer Asked by BEN on November 29, 2023
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