Q: This is a follow-up question where you suggested, "we would see no need to crystalize a gain on RY JUST to offset a loss. There may be other gains in the future, or one can offset a gain in prior years". I had a significant capital gain in 2021, If I don't sell RY to crystalize a gain in 2022, do you think that offsetting the JE loss in 2021 would be better than offsetting the loss in the future? Taxwise, my income is likely to be lower in 2022-2023 than in 2021, where I claimed significant capital gains.
You can view 3 more answers this month. Sign up for a free trial for unlimited access.
Investment Q&A
Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.
Q: Do you have to wait 30 days to rebuy a stock inside a RRSP,TFSA and RESP?
Q: I need some tax-loss advice. I would like to sell Just Energy with a loss and the loss can be covered with a gain after selling RY. After selling RY, I would like to buy RY back in a couple of days. Is there any risk in realizing the loss and buying RY a couple of days later? What is your advice? Thanks.
Q: I purchased AQN a couple of years ago and when it hit around $10 a week or so I purchased again doubling the amount I own. It is still not a significant amount of my holds.
However, I am wondering if I could sell the original amount purchased couple of years ago at a higher price and claim a capital loss for those shares even though I have purchased more recently.
However, I am wondering if I could sell the original amount purchased couple of years ago at a higher price and claim a capital loss for those shares even though I have purchased more recently.
Q: Hi, We sold some shares to harvest capital loss in Cash Non regd account, 3 weeks ago. Can we buy CPX shares in our RRSP accounts, without waiting for 30 days ? Thanks
Q: Just to be sure, the 30 days required by CRA before re-purchasing a stock sold for capital loss purposes starts ON the day after the trade date as day one ? or the day after the settlement date ? and we can buy again ON day 30 or 31. ?? I know you've answered this one a hundred times before but no easy way to find the answer !!
Many thanks for all you do. John
Many thanks for all you do. John
Q: What date would you consider the height of tax loss selling.
-
Brookfield Renewable Partners L.P. (BEP.UN)
-
Brookfield Renewable Corporation Class A Exchangeable Subordinate Voting Shares (BEPC)
Q: I plan on journalling these stocks to my US account because the dividends are paid in $US. However, I am confused as to the appropriate listing name for BEP.UN on the NYSE as it appears to be the same as the one for BEPC, namely BEP. Is that correct?
Secondly, can you switch BEP.CA to BEP.UN:CA (or vice versa) in a non-registered account without the transaction being considered a disposition for tax purposes?
Appreciate your insight.
Paul F.
Secondly, can you switch BEP.CA to BEP.UN:CA (or vice versa) in a non-registered account without the transaction being considered a disposition for tax purposes?
Appreciate your insight.
Paul F.
Q: I have the same company in a RIF account and in a Margin Account. If I sell shares in the Margin Account for Tax Loss or Capital Gain, do I need to take the Cost Base from the RIF Account and the Margin Account together. My opinion is, that whatever is in the RIF Account does not influence the Cost Base in the Margin Account. What is correct?
Thank you!
Albert
Thank you!
Albert
-
Apple Inc. (AAPL)
-
Amazon.com Inc. (AMZN)
-
Alphabet Inc. (GOOG)
-
Gildan Activewear Inc. (GIL)
-
Balanced Equity Portfolio (BEPORT)
-
Miscellaneous (MISC)
Q: Hi,
OECD will implement new international minimum taxes in 2023 and 2024.
Any idea which canadian or US companies will be most impacted, I guess negatively. Any positively? Thanks
OECD will implement new international minimum taxes in 2023 and 2024.
Any idea which canadian or US companies will be most impacted, I guess negatively. Any positively? Thanks
Q: Further to your comment on Xebec. My account shares have been put in US $ under the symbol XEBEQ. Does this make any sense?
Thank you
Thank you
Q: Hi,
Today XBC is delisted from TSX...I still see the shares in my account. Could you please predict what will happen going forward? Do you see any value in the common shares? Is it okay to claim capital loss for 2022?
thanks,
Today XBC is delisted from TSX...I still see the shares in my account. Could you please predict what will happen going forward? Do you see any value in the common shares? Is it okay to claim capital loss for 2022?
thanks,
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
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
-
BMO S&P 500 Index ETF (ZSP)
-
Global X S&P 500 Index Corporate Class ETF (HXS)
-
Vanguard S&P 500 Index ETF (VFV)
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!
Thanks!
Q: I will sell my shares of sangoma for tax loss purpose and plan to rebuy after 31 days. Do you think I should use a proxy or just wait the time ? Thanks !
Q: Best Canadian tax-loss selling candidates for our watchlists (any industry)?
Q: What do you think about selling Kone and buying Otis as a tax loss strategy?
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
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
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.
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.
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.