Q: please confirm that Owning VFV in an RRSP there withholding tax is not applied? If it is do you have a suggestion on an S&P eft that would be exempt this hold back
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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: In deciding whether to carry forward a capital loss, is inflation a factor to consider? Thanks.
Q: I guess this is really a basic tax loss question. I wish to sell BNS in my non registered account which is mainly full of large dividend paying companies. Does it make sense to sell GSY ( at a profit ) , sell BNS ( at a loss ) and then rebuy GSY , thus taking advantage of tax loss provisions. It will also give me the advantage of a higher cost price for GSY for the inevitable sale. Should I do this procedure with the stock that has the most comparable gain to my BNS loss ?
Thanks. Derek.
Thanks. Derek.
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Brookfield Renewable Partners L.P. (BEP.UN)
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Brookfield Renewable Corporation Class A Exchangeable Subordinate Voting Shares (BEPC)
Q: I just bought BEP.UN in a non-registered account,shall the dividends be " fully taxed" ( equivalent to interest), if not how precisely will they be taxed ? Should I then switch for BEPC ? Thanks..
Q: I have over 8000 shares of VFV in my NR, up about 50%. I am looking to hold for 20 years and not touch them. Unbeknownst to me when I bought them, I now realize there is a tax disadvantage compared to HXS. How much performance drag will occur from the tax disadvantage, and would it be worth the capital gains tax to sell and switch?
I could sell and incur huge capital gains on these shares, but I am not sure if it would be worth paying the capital gains to sell them and buy HXS.
My alternate plan going forward was to buy HXS with my dividends, instead of VFV.
I could sell and incur huge capital gains on these shares, but I am not sure if it would be worth paying the capital gains to sell them and buy HXS.
My alternate plan going forward was to buy HXS with my dividends, instead of VFV.
Q: Back on 1/20/2024, you thought that these companies (partnerships) would not have withholding tax in the states. I've since received communication from my broker that I have to arrange for a U.S. Taxpayer Identification Number (TIN). They didn't indicate which holdings, but I do own these two companies. Has the company updated their advice? Thanks.
Q: Peter; In regards to Eric’s question on when to sell , with the heirs involved. I was executor for a client of mine - 14 heirs! - anytime I was going to do something - selling securities included- I sent each one a letter with a place to sign and return - agreeing or not , so I had a written document, in case of a problem.
Publish or not.
Rod
Publish or not.
Rod
Q: Hi 5i Team,
I understand that interest on loans used to purchase non-dividend paying investments, e.g. stocks, crypto, etc. is not tax deductible. But can I include the amount of interest so paid as a part of my cost base for the purpose of calculating capital gains on disposal of the underlying investments?
Cheers,
H
I understand that interest on loans used to purchase non-dividend paying investments, e.g. stocks, crypto, etc. is not tax deductible. But can I include the amount of interest so paid as a part of my cost base for the purpose of calculating capital gains on disposal of the underlying investments?
Cheers,
H
Q: I don't really understand what happened to the $5 special distribution. I know it was consolidated into the existing share count, but I do not see any benefit. Can you please explain. Thanks
Q: The ETF, HXS pays no dividend. So if HXS was held in a RESP account, can one avoid the US 15% withholding on dividends, because HXS pays no dividend, whereas ZSP held in a RESP account would be subject to the 15% withholding tax, because it does pay a dividend. Thanks … Cal
Q: Good morning,
I am looking for the best ETF to hold in my TFSA account that follows the S&P 500 index along with the reasons for your particular preference?
I understand that since HXS does have any distributions, there is no withholding tax to be concerned with which is an advantage. On the other hand, due to the distinct tax efficient structure of HXS, the MER on the HXS is higher than VFV and other similar ETFs that track the same index.
Given that both ETFs track the same index is there a clear winner for a TFSA account?
Thank you and I'll await your sage advice.
I am looking for the best ETF to hold in my TFSA account that follows the S&P 500 index along with the reasons for your particular preference?
I understand that since HXS does have any distributions, there is no withholding tax to be concerned with which is an advantage. On the other hand, due to the distinct tax efficient structure of HXS, the MER on the HXS is higher than VFV and other similar ETFs that track the same index.
Given that both ETFs track the same index is there a clear winner for a TFSA account?
Thank you and I'll await your sage advice.
Q: Hi 5i,
Does the wait 30 days rule to sell and buy back apply to stocks within a TFSA or RRIF?
with thanks'
Connie
Does the wait 30 days rule to sell and buy back apply to stocks within a TFSA or RRIF?
with thanks'
Connie
Q: Hi
I hold ZSP in my non-registered account and VIG in my RRSP.
My understanding is that it doesn't really make a difference from a withholding tax perspective where I hold ZSP but that the RRSP is where I should hold VIG.
Do you agree?
I hold ZSP in my non-registered account and VIG in my RRSP.
My understanding is that it doesn't really make a difference from a withholding tax perspective where I hold ZSP but that the RRSP is where I should hold VIG.
Do you agree?
Q: I have a no. of ETFs with OPTIONS on its 30% approx applied to generate extra income. Naturally it is higher risk/reward but I can not find how to access monthly (or annual) reports on Div income, Options gain/loss or dilution of Equity. Specially Equity dilution is a concern and I wonder if they can avoid informing shareholders such important information.
Q: Peter and His Wonder Team
I have to sell one of these stocks to meet my RIF withdrawal obligation for 2023. I have owned them all for years...CET is down; QST down more; QTRH up slightly. Of course since it is a RIF account there is no tax loss credit. So if you had to sell one...what do do think would be the best choice. Thanks for your opinion which is always objective and sobering which helps in my decision in which I take full responsibility.
I have to sell one of these stocks to meet my RIF withdrawal obligation for 2023. I have owned them all for years...CET is down; QST down more; QTRH up slightly. Of course since it is a RIF account there is no tax loss credit. So if you had to sell one...what do do think would be the best choice. Thanks for your opinion which is always objective and sobering which helps in my decision in which I take full responsibility.
Q: A tax question. Say I am up 100% on TCN at $15 if I bought 50% more and sold the lot at $15. Would that 50% lower my tax rate?
Q: If I add to an existing equity position with 1000 shares at $50, my existing ACB is $40, then sell those 1000 shares in 31 days at $52, is my reported capital gain on those 1000 shares $2 or $12. (and let's exclude the obvious change in the ACB with this purchase).
Thank you.
Thank you.
Q: On Jan. 17 Fernando asked a hypothetical question about keeping down the taxes on capital gains. I don't understand the last sentence of your reply: "Gains can also be reduced by carrying charges (interest) if any of the stocks pay a dividend". Can you please explain this? What in this situation can be written off as a carrying charge?
Q: My question relates to tax loss selling.
I sold two stocks prior to year end for a capital loss. However, the dividend payout after the sale date were automatically reinvested into the same two stocks. I called the discount broker a couple of days after this and had them sell the shares.
Do the reinvestment shares nullify the ability to claim the tax loss for the 2023 tax year?
Thanks for your assistance in advance.
I sold two stocks prior to year end for a capital loss. However, the dividend payout after the sale date were automatically reinvested into the same two stocks. I called the discount broker a couple of days after this and had them sell the shares.
Do the reinvestment shares nullify the ability to claim the tax loss for the 2023 tax year?
Thanks for your assistance in advance.
Q: Good afternoon 5i
Taxes. If i buy a US stock with US dollars and sell it several years later. What happens. I know that i have to report the sale in Canadian dollars. But, i imagine that i will have to calculate the exchange rates on those two dates, no? It seems odd, since it was both bought and sold in US dollars.
Thanks
Taxes. If i buy a US stock with US dollars and sell it several years later. What happens. I know that i have to report the sale in Canadian dollars. But, i imagine that i will have to calculate the exchange rates on those two dates, no? It seems odd, since it was both bought and sold in US dollars.
Thanks