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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: Hi 5i team:
To calculate the adjusted cost base for shares held in a non-registered account that I wish to sell, do I include the cost of the same shares held in a registered account (TFSA)? Or are they considered two separate pools for tax purposes? Thanks for your help. Ron
Read Answer Asked by RON on February 09, 2022
Q: Are there additional tax implications for Canadians who own more than $100,000 in US equities?
Read Answer Asked by Ronald on February 08, 2022
Q: Hi,Concerning dividend tax credit on CDN Cies for an ETF in a non-registered account : What happens when this ETF includes a mix of canadian and foreign Cies : do we still get the tax credit on dividends for the canadian portion of this ETF ?
Read Answer Asked by Jean-Yves on February 07, 2022
Q: I know you are not tax experts but you probably have a decent understanding of the Lifetime Capital Gains Exemption. I just wanted to clarify one thing. If the company you owned qualifies, and the amount of capital gains is within the limit (lets say 250K), does that mean you pay ZERO tax on those profits? Or is it some sort of a reduced rate? Seems too good to be true. Thx
Read Answer Asked by Adam on February 02, 2022
Q: Do I have it right that dividends of ALL stocks ending with .UN (trusts) are ineligible for div. tax credit?
Thanks
jerry
Read Answer Asked by jery on February 02, 2022
Q: Hi
I put ZGRO in my non-registered account knowing that it had US and foreign underlying stocks but Google Finance was showing that it had no dividend, which makes sense for a growth stock. But once I bought it, I see that it has a small divvy. I'm not too concerned with the tax consequences but I suppose it should have been better to place this in an RRSP?

Thanks
Robert
Read Answer Asked by Robert on January 27, 2022
Q: good evening,

I have tax losses that I can harvest on these 2 companies but, I don't want to miss the boat if the market turns. What are the best proxies you can recommend or should I hold?

Thanks!
Read Answer Asked by Denis on January 26, 2022
Q: Hi Peter & Team,

It may be my imagination, but I seem to remember reading somewhere - in the Questions section, I think -that 5i has a tool to help us calculate the ACB of our holdings. Please tell me it's not wishful thinking....

Thanks for all your help.

Molly
Read Answer Asked by Molly on January 25, 2022
Q: In late December I transitioned my RRIF portfolio (~28% of total portfolio) from a mix of VGRO & XAW to all VRIF (objective primarily to derisk a bit (?) and to simplify required payouts.
I maybe didn't adequately consider the following implications in my decision? What are your thoughts about the exposure to possible ROC as part of the monthly payouts and the subsequent more-rapid erosion of the RRIF capital, given the current market turmoil.
Thank you.
Read Answer Asked by Lotar on January 24, 2022
Q: 30 days ago I sold AQN, BEP.UN, and SJ for tax losses, and replaced them with CPX, BAM and ADN, respectively, thanks in large part to your advice plus some other research I did.
Which of the "replacements" would you shed in favour of a return to the original holdings (as originally planned). I'm thinking CPX out/AQN (or BEP) back in, ADN out/SJ back in, but hold BAM and skip BEP (or AQN). Does that make sense to you?
Portfolio objective is ~ 8-10-year holds (except for harvesting tax losses occasionally) with dividend growth.
What comments would you have on the timing of these transactions in light of the current market turmoil?
Thank you.
Read Answer Asked by Lotar on January 24, 2022
Q: I have converted a RRSP into a RRIF this year and subsequently my mandated withdrawal and consequent income will be much more than is required for me. My portfolio is chock full of banks, utilities, reits and other solid dividend stocks ( think EIF, SPB ) , essentially matching the present required withdrawal amount. My non registered account has essentially the same composition.
I am considering taking the RRIF withdrawal money and incrementally buying more solid growth stocks such as BAM , TFII , WCN , FSV , etc. instead of higher yielding dividend stocks.
Your thoughts on this portfolio transition is appreciated. Derek
Read Answer Asked by Derek on January 24, 2022
Q: You stated CDR's would be considered as foreign content. Then if you owned over $100,000 in an American company listed through CIBC you would have to fill out a T1135 even though it is bought through a Canadian exchange? This was why I liked them so I could increase my foreign content without having to do the T1135.
Read Answer Asked by lynn on January 13, 2022
Q: In mid December I moved some shares out of my TFSA into a non-registered account.
The non-registered account shows a market price for those shares attributed to the time/date that I moved the shares. Can I assume that that is the amount of additional room that I now have in my TFSA? What I am intending to do is to move some other shares into the TFSA.
Read Answer Asked by william on January 13, 2022
Q: If I buy a stock in my registered account < 30 days BEFORE I sell the same stock in my unregistered (Cash) account, is it still applicable for tax loss or is it considered superficial?
Read Answer Asked by David on January 12, 2022
Q: Hi,

I know sometime ago there was an article about "asset location" by you or a guest writer either here or in CMS? Can you direct me to the appropriate link?
There was some "confusion" amongst the members of our investment group which stocks/ETFs are best held is what account!! TFSA/RRSP/Non Registered/ RESP etc.,
The most tax efficient way one can allocate the stocks/ETFs.

Much appreciated.
Mano
Read Answer Asked by Savalai on January 11, 2022
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