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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: New Tax Formula forETFs.?
Have tou seen this?
Looks like a good reason to only buy ETFs in registered accounts,
Just to avoid the tax calculations nightmare,
https://www.advisor.ca/news/etfs/new-taxation-formula-for-etfs-to-take-effect-this-year
Read Answer Asked by Madeline on November 15, 2022
Q: I want to invest in the S&P 500 in my unregistered accounts with HXS. Are you comfortable holding this total return ETF? Are there any known government issues with total return ETFs - I recall the Fed Government challenged these in the past? In registered family accounts I plan to use VFV and/or ZSP - do you prefer one over the other? For safety, would it be a good idea to use both?
Thanks!
Read Answer Asked by Grant on November 15, 2022
Q: Best Canadian tax-loss selling candidates for our watchlists (any industry)?
Read Answer Asked by Stephen on November 14, 2022
Q: Good afternoon 5i
I read recently that it is possible to donate shares which have had a capital loss to charity. I was aware of the capital gain rule but not this. I tried to search this question but with no luck. I am sure that you would know. Is there any big advantage to doing this if one also has sizeable capital gains?
Thanks
Read Answer Asked by joseph on November 09, 2022
Q: Good evening,

I just read that the CRA has recently increased the TFSA contribution limit for 2022 up to $6,500.00.

Can you tell me if this is correct?

Thanks very much.

Read Answer Asked by Dave on November 09, 2022
Q: Do you know if it's possible to transfer out of a rif account in US currency to make your annual withdrawal and keep it in US currency or does it have to be converted to Canadian currency and as such lose the US currency which is what I would like to avoid.

Read Answer Asked by dennis on November 07, 2022
Q: Hi 5i
Earlier today you offered Amazon and Meta as possible proxies forAlphabet. I thought i saw some ambivalence regarding Meta in recent questions. At least much more ambivalent than you have ever been towards Alphabet. I know that you must feel that your readers sometimes have a tendency to parse every answer you give. Sometimes right down to each syllable! But, that’s because we respect your knowledge and want to be really clear :).
Read Answer Asked by joseph on November 04, 2022
Q: What a remarkable market. GOOG has been my largest holding. I have a significant loss and am looking to take a tax loss. First, with a FOMO fear that it might bounce, I am thinking of selling 1/2 my position; if you were me, would you simply sell 100%? Second, would Apple be a suitable substitute? For 30 days or long term? Thanks much.
Read Answer Asked by Leonard on November 04, 2022
Q: Ottawa to introduce 2% corporate share buyback tax in 2024.

What does this mean exactly & how will it affect investors?

Thank you.
Read Answer Asked by Ross on November 04, 2022
Q: The federal government is now going to charge companies that do share buybacks a 2% tax starting in 2024. Your thoughts on this and what it will do to share buyback plans by companies such as the energy companies which have been aggressively buying back their stock because it is so undervalued. Major buybacks in 2023 until the tax kicks in? This is obviously going to be a controversial tax - do you think it is something a Conservative government would reverse?
Read Answer Asked by Dan on November 04, 2022
Q: Should I buy BIP-UN or BIPC
Please explain the difference?
Read Answer Asked by Peter on November 04, 2022
Q: Peter; Does the 2% buy back tax make any difference to those affected? Thanks. Rod
Read Answer Asked by Rodney on November 04, 2022
Q: Hi,
What do you think about the so called "windfall tax"? If O&G companies are going to be taxed for share buy backs, is it good or bad news for the shareholders? Should I add to my already held positions or sell and lighten up a little?
I saw briefly on Twitter feed Eric Nuttall thinks it's actually one of the few taxes that can be good for O&G stocks. I couldn't find his entire statement. So forgive me if I am misquoting Eric.

Read Answer Asked by Savalai on November 04, 2022
Q: Regardless superficial losses, RBC Wealth MGMT states "Generally, two different classes of shares of a corporation would not be considered identical if they do not have the same interests, rights and privileges. For example, if class A shares of CompanyCo have voting rights but class B shares do not, they would not be considered identical."

Does this mean I can dump my GOOG for a loss and immediately buy GOOGL? Thereby utilizing the tax-loss...
Read Answer Asked by Brett on November 04, 2022
Q: Considering a tax loss sale of mmx, ecn and well. Looking for suggestions of proxies. Would bto work for mmx? For other two would waiting 30 days work any better than a proxy?
Read Answer Asked by William Ross on November 03, 2022
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