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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: 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

Read Answer Asked by JOHN on November 22, 2022
Q: What date would you consider the height of tax loss selling.
Read Answer Asked by lynn on November 18, 2022
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.

Read Answer Asked by Paul on November 18, 2022
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
Read Answer Asked by ALBERT on November 18, 2022
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
Read Answer Asked by Denise on November 18, 2022
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
Read Answer Asked by Madeline on November 15, 2022
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!
Read Answer Asked by Grant on November 15, 2022
Q: Best Canadian tax-loss selling candidates for our watchlists (any industry)?
Read Answer Asked by Stephen on November 14, 2022
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
Read Answer Asked by joseph on November 09, 2022
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.

Read Answer Asked by Dave on November 09, 2022
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.

Read Answer Asked by dennis on November 07, 2022
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
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