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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: Happy New Year to all at 5i and to the everybody reading this. Hoping that 2022 is a good year for all of us and our families, from a financial perspective and one of well being, health and happiness.

Reviewing some of the past questions, I see that the ECN distribution is treated partially as a dividend and partioally as a "Return on Capital". For the latter, would you know how this is to be treated for tax purposes? i.e. Is it a capital gain, income, ...

Thank You.
Read Answer Asked by Walter on January 03, 2022
Q: in the USA, what is the final day for tax loss selling to claim on 2021 tax return. Is it trade date or settlement date. In other words, can one sell on DEC 31 and have it apply to 2021 tax return. Thanks
Read Answer Asked by george on December 28, 2021
Q: Yesterday eit.un announced the following special distribution of 44¢/share

"The estimated special distribution will be paid by issuance of the same class of units of the fund, and immediately thereafter, issued and outstanding units of the fund will be consolidated such that the number of issued and outstanding units of the fund will not change."

Why do they not just pay the unit holder the cash? Do I end up with more units/fewer units? Why do they do it this way?
Many Thanks
Read Answer Asked by Don on December 25, 2021
Q: Good day and best of the season to you. I am trying to get my ducks in order for tax time. I understand that initial TOI shares are a dividend from CSU. Do you know the value of this dividend? Also, do you know the cost base of these shares for calculating capital gains from TOI? Thanks.
Read Answer Asked by Ken on December 25, 2021
Q: What are the tax implications if any of buying Wolters Kluwer N.V.which trades as an OTC ADR If purchased inside a RIFF or TFSA. Or can it even be purchased in a registered account.
Read Answer Asked by Barrie on December 17, 2021
Q: Hi 5i Team,

I toyed with doing this on the Forum but didn't know how to start a new discussion thread.

I would like to ask if any 5i member has experience (anecdotal or otherwise) with US probates. Since so many of us hold US stocks in our portfolios, and it's almost certain they will be considered US property in our estate when the time comes, I'm quite keen to know what the ramifications are and if it is as big a headache as I imagine.

Perhaps you could also tell me how to move any further discussion onto the Forum. Thanks a lot.

Molly
Read Answer Asked by Molly on December 14, 2021
Q: Gresham asked a question on Friday about moving stocks/cash in a non-registered account, funded from borrowed money, to a TFSA. You indicated that the interest would continue to be deductible. That is not correct, as interest on borrowed money used to make TFSA contributions is not tax deductible.
Read Answer Asked by Christopher on December 13, 2021
Q: Strategy question:

I have an unregistered account currently showing a profit, but I do I have a number of loosing stocks in the mix. The unregistered account was built on a home-line of credit so the interest is currently claimable, which is something I'd like to preserve.
My goal is to move funds to my TFSA while maximizing the immediate tax benefit. Am I able to sell the loosing stocks at loss, claim the loss, and move the cash to the TFSA to buy a different equity? Or is it better to just do a trade-in-kind to move my current holding into the TFSA? Do either of these strategies impact my ability to claim the loan interest?

Thanks
Read Answer Asked by Gresham on December 10, 2021
Q: When purchasing International ETS's within in an RRSP is there any withholding tax advantages to holding US traded ETF's?
Read Answer Asked by Joe on December 08, 2021
Q: I have been looking at HCAL, for the dividends. I not sure I understand the Non-Cash distribution. They are showing a non-cash distribution in the amount of $2.324 payable in December. They state the distribution will not be paid in cash but will automatically reinvested in additional units of the ETF and immediately consolidated so the number of units held by the unitholder and the net asset value of the ETF, will not change. So, what does change, with the non cash distribution?
Read Answer Asked by Edgar on December 07, 2021
Q: Do you know of any 2021 Flow Through LP or funds that are still open for 2021? Or is it too late? Looking for strategies to reduce tax on large capital gains this year. Any other ideas?
Read Answer Asked by Kel on December 06, 2021
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