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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
Earlier today you offered Amazon and Meta as possible proxies forAlphabet. I thought i saw some ambivalence regarding Meta in recent questions. At least much more ambivalent than you have ever been towards Alphabet. I know that you must feel that your readers sometimes have a tendency to parse every answer you give. Sometimes right down to each syllable! But, that’s because we respect your knowledge and want to be really clear :).
Read Answer Asked by joseph on November 04, 2022
Q: What a remarkable market. GOOG has been my largest holding. I have a significant loss and am looking to take a tax loss. First, with a FOMO fear that it might bounce, I am thinking of selling 1/2 my position; if you were me, would you simply sell 100%? Second, would Apple be a suitable substitute? For 30 days or long term? Thanks much.
Read Answer Asked by Leonard on November 04, 2022
Q: Ottawa to introduce 2% corporate share buyback tax in 2024.

What does this mean exactly & how will it affect investors?

Thank you.
Read Answer Asked by Ross on November 04, 2022
Q: The federal government is now going to charge companies that do share buybacks a 2% tax starting in 2024. Your thoughts on this and what it will do to share buyback plans by companies such as the energy companies which have been aggressively buying back their stock because it is so undervalued. Major buybacks in 2023 until the tax kicks in? This is obviously going to be a controversial tax - do you think it is something a Conservative government would reverse?
Read Answer Asked by Dan on November 04, 2022
Q: Should I buy BIP-UN or BIPC
Please explain the difference?
Read Answer Asked by Peter on November 04, 2022
Q: Peter; Does the 2% buy back tax make any difference to those affected? Thanks. Rod
Read Answer Asked by Rodney on November 04, 2022
Q: Hi,
What do you think about the so called "windfall tax"? If O&G companies are going to be taxed for share buy backs, is it good or bad news for the shareholders? Should I add to my already held positions or sell and lighten up a little?
I saw briefly on Twitter feed Eric Nuttall thinks it's actually one of the few taxes that can be good for O&G stocks. I couldn't find his entire statement. So forgive me if I am misquoting Eric.

Read Answer Asked by Savalai on November 04, 2022
Q: Regardless superficial losses, RBC Wealth MGMT states "Generally, two different classes of shares of a corporation would not be considered identical if they do not have the same interests, rights and privileges. For example, if class A shares of CompanyCo have voting rights but class B shares do not, they would not be considered identical."

Does this mean I can dump my GOOG for a loss and immediately buy GOOGL? Thereby utilizing the tax-loss...
Read Answer Asked by Brett on November 04, 2022
Q: Considering a tax loss sale of mmx, ecn and well. Looking for suggestions of proxies. Would bto work for mmx? For other two would waiting 30 days work any better than a proxy?
Read Answer Asked by William Ross on November 03, 2022
Q: Hello 5iR,
I have a RIF account in Canadian dollars and one in US dollars. Are these treated as ONE account for tax purposes so that I can freely move cash or stocks between them? Or would a transfer of shares or cash be considered a withdrawal or addition and hence be a taxable event? I would think that these account really are considered One RIF. Thanks you for your answer. Cheers
Read Answer Asked by Hans on October 31, 2022
Q: Has tax loss selling started? What is your take on Tax loss selling in this most unusual year.?
Read Answer Asked by Guy R. on October 22, 2022
Q: In your reponse to Cecil today you state: "VOO will be more tax efficient as it is US-listed whereas VFV is Canadian-listed. Foreign withholding tax on dividends will be exempt." I was under the understanding that there is no foreign withholding tax on dividends in an RRSP.
Read Answer Asked by Dennis on October 22, 2022
Q: Hi 5i
Concerning claiming a 5i membership for tax purposes. If one buys the whole package, is that claimable. Or, just the amount charged for the question and answer section?
Thanks
Read Answer Asked by joseph on October 21, 2022
Q: I am planning to sell these names for tax-loss. Should I buy a replacement for each to protect against a turnaround in the next 30 days, or do you think I'm better off holding the cash for that period given the current outlook for equities. If you still recommend replacements can you offer a suggestion for each - or perhaps only for some? Thanks.
Read Answer Asked by Ben on October 20, 2022
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