Q: Dividend tax credit : Do we still get the dividend tax credit for the canadian stocks included in an ETF that holds both canadian and international stocks?
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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: If I sell 100 shares of company x at a loss, can I sell another 100 shares at a loss within 30 days, and claim both losses?
Thanks
Thanks
Q: If one sells a Sept put and buys it back at a loss does the 30 rule apply before you can sell another put (say Oct) on the same stock?
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BMO S&P 500 Index ETF (ZSP $107.61)
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Global X S&P 500 Index Corporate Class ETF (HXS $101.67)
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Global X Nasdaq-100 Index Corporate Class ETF (HXQ $108.29)
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BMO Nasdaq 100 Equity Index ETF (ZNQ $121.67)
Q: For tax efficiency in a non registered account do you recommend HXS and HXQ over ZSP and ZNQ. For US dollars do you like HXS.U and HXQ.U.
For a long term hold what are your thought of HXT in this account?
Thanks
For a long term hold what are your thought of HXT in this account?
Thanks
Q: Hello,
I made a silly mistake this morning: I intended to sell all of my 200 shares of CAE in my non-registered account for a tax loss. However, I didn't double-check before submitting my order and ended up buying 200 more shares. Within minutes, I noticed my error and sold all 400 shares.
Do you have any insight into how this will impact my income tax return? Will I still be able to claim the tax loss on the initial 200 shares?
Thanks,
Rory
I made a silly mistake this morning: I intended to sell all of my 200 shares of CAE in my non-registered account for a tax loss. However, I didn't double-check before submitting my order and ended up buying 200 more shares. Within minutes, I noticed my error and sold all 400 shares.
Do you have any insight into how this will impact my income tax return? Will I still be able to claim the tax loss on the initial 200 shares?
Thanks,
Rory
Q: I was assigned a stock on which i sold a put. When selling the put i clicked the box for uncovered put. In fact, though, i did have the shares to cover it. I would like to sell them now to claim a capital loss. But I am not sure where i sit in terms of that. I am getting a little muddled but i think I will have to wait 30 days. No?
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Global X Canadian Select Universe Bond Index Corporate Class ETF (HBB $50.10)
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Vanguard Canadian Aggregate Bond Index ETF (VAB $22.81)
Q: Would you say selling VAB and buying HBB would be a superficial loss in CRA's eyes? Or are they different enough? They do track different benchmarks (by title, at least).
Q: I am an investor with a long-term view and have always oriented my investment decisions towards growth stocks. I'm retired and I'm starting to want to take less time and decision-making as I get older. I know you are not tax specialists but your answer will surely be enlightening.
I wonder what is the cheapest mode of taxable income between a capital gain and a dividend paid in a taxable account for a Canadian citizen earning less than $80,000 per year.
THANKS
Yves
I wonder what is the cheapest mode of taxable income between a capital gain and a dividend paid in a taxable account for a Canadian citizen earning less than $80,000 per year.
THANKS
Yves
Q: Can I sell my BNS from my cash account at a large loss and buy it back immediately in my TFSA account or do I need to wait 30 days in order to prevent penalty. Thx James
Q: Hi 5i Team - I am interested in buying more U.S. stocks and have a non-registered U.S. dollar account as well as a TFSA account in Canadian dollars. Are there any concerns over buying U.S stocks in the TFSA account? eg. Are U.S. capital gains and dividends still tax exempt in a the TFSA. Any advice as to preferences re which account to use would be appreciated.
Q: If investing in US companies that pay dividends, what is the difference in tax treatments if received in a non-registered account or RSP/RIF or TFSA? What is the preferred account to receive these payments? Thanks!
Q: I would like to know how all in one ETFs, that include bonds and stocks, are taxed in a registered account. Is there an advantage to these ETFs versus holding bonds separately which are taxed at a higher rate than stocks?
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iShares S&P/TSX Composite High Dividend Index ETF (XEI $37.85)
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iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (CDZ $44.45)
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Vanguard U.S. Total Market Index ETF (CAD-hedged) (VUS $122.60)
Q: When deciding what to hold in a non-registered account, is it more important to maintain adequate exposure to the US with something like VUS, or to keep the dividend tax credit with a CDN option like CDZ or XEI?
Q: If investors have their dividends automatically reinvested, will they have to pay tax on the dividends in the current year?
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Global X S&P 500 Index Corporate Class ETF (HXS $101.67)
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Vanguard S&P 500 Index ETF (VFV $174.29)
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Vanguard S&P 500 ETF (VOO $662.52)
Q: Good morning,
I'm looking at buying an ETF that tracks the S&P 500 for my TFSA account and am considering VFV.CA.
Withholding tax is a concern and given that VFV.CA holds US stocks, would there be a withholding tax on any of the dividends distributed and if so would you kindly recommend a few other similar ETFs that track the S&P 500 where the withholding tax is not a concern. Thank you.
I'm looking at buying an ETF that tracks the S&P 500 for my TFSA account and am considering VFV.CA.
Withholding tax is a concern and given that VFV.CA holds US stocks, would there be a withholding tax on any of the dividends distributed and if so would you kindly recommend a few other similar ETFs that track the S&P 500 where the withholding tax is not a concern. Thank you.
Q: Last week I bought some shares in BEPC, stock was up next day so I sold for a profit.
In my TD account they took back 10% of the sale, not the profit but the sale. When I contacted TD they said it was a withholding tax and that I will receive a T5013 for my 2023 taxes. So according to this rationale I sold at a profit but now have a loss. TD told me to contact Brookfield to clarify and I am now anticipating a "he said, she said" argument between these 2 groups. Is this something you have encountered before and if so can you advise on how to cut to the chase here.
In my TD account they took back 10% of the sale, not the profit but the sale. When I contacted TD they said it was a withholding tax and that I will receive a T5013 for my 2023 taxes. So according to this rationale I sold at a profit but now have a loss. TD told me to contact Brookfield to clarify and I am now anticipating a "he said, she said" argument between these 2 groups. Is this something you have encountered before and if so can you advise on how to cut to the chase here.
Q: I have a sizable capital loss for 2023 right now. I'm starting to think of selling some of my winners in my non-reg accounts to wipe that cap loss out this year. Three of the companies where I have capital gains are Hubspot, Mastercard, and The Trade Desk. What strategy would you recommend for me in selling some or all of these 3 positions to erase the capital loss. MA has been a longterm winner for me, but I worry about Fintech competitors eating into their business. I'd appreciate your insights on whether Hubspot has a rosy future or whether its best times are behind it. The Trade Desk is my most confident position, but, of course, I'd appreciate your opinion. Thanks!
Q: I have a significant capital loss on TIXT. I know you're not tax experts, but do you think TIXT is sufficiently independent from T such that if I take my tax loss on TIXT and put the proceeds in T until the 30 days is up before I reinvest in TIXT that CRA would allow the original tax loss? Thank you for all you do. John
Q: Would you be able to tell me the adjusted cost base of the shares when the dividend from Constellation Software was declared?
Thanks for your great service!!
Thanks for your great service!!
Q: Thanks for your impression of bsm as an investment.
With reference to
First, note that with limited partnerships there are higher taxes for Canadians, including a new 10% tax of the proceeds of disposition.
Does that apply to a rrif or other registered accounts.
With reference to
First, note that with limited partnerships there are higher taxes for Canadians, including a new 10% tax of the proceeds of disposition.
Does that apply to a rrif or other registered accounts.