Investment Q&A

Q: Should I buy BIP-UN or BIPC
Please explain the difference?

Q: Peter; Does the 2% buy back tax make any difference to those affected? Thanks. Rod

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.

Q: Can you suggest a safe proxy for WPM to do some tax loss selling? I already have a full position in FNV. I would prefer to stay with a streamer to avoid miner risk. Geographic risk also seems to be a concern with current geopolitical flux.

Thanks

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...

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?

Q: Hi group can you comment on TCN, and ECN I HAVE BEEN BUYING ALL THE WAY DOWN 0N YOUR RECOMMENDATIONS IS IT TIME TO TAKE MY TAX LOSS,,,THANKS FOR YOUR GUIDENCE

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

Q: Good Evening
Can XDV be used as a proxy for CDZ?
Thanks

Q: Since XBC is still halted what happens with one's ability to claim a capital loss. Is that still possible or does it have to be publicly sold to claim the loss? Any idea if it will ever trade again?

Q: Hello Peter & Ryan,
I also picked this up on the IPO, and it too has done poorly. is there a business case to keep this, or best to let it go?
Thank you as always...

Q: I have significant losses on XEC in a non-registered account. Is there any tactic for harvesting a tax loss on a broad market ETF while maintaining a proxy? Or any such proxying is typically disallowed by the CRA?

Q: Has tax loss selling started? What is your take on Tax loss selling in this most unusual year.?

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.

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

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.

Q: Today I harvested a capital loss with ZRE and plan to rebuy after 30 days. I wanted to double check the earliest day I could rebuy, should I wish to do so.

"Sale" date was Oct 18 and the "settlement" date would be Oct 20. I understand it is "calendar" days, so I believe the earliest date from the sale date would be = Nov 17.

Agree?

Thanks...Steve

Q: Hello,
Which of the Brookfield companies quality for the dividend tax credit?
Also, which Canadian dividend ETF’s also quality for the dividend tax credit you would recommend?
Thanks for your great service.

Q: Per below capital gains consider an income. Does the below dividend criteria is consider in Toronto, Ontario


It is my understanding that in a non-registered account I can receive up to +/- $50,000 (BC/Fed combined tax rate) in Canadian dividends without being taxed. Is that correct?
If so, I was hoping that you could provide a list of 20 Canadian dividend stocks that you have confidence in that have:
1) a 4% yield or higher
2) are not in or associated with the Oil/Gas sector
3) hopefully enough growth to keep up with inflation

Thanks!

Asked by Brian on October 11, 2022
5I RESEARCH ANSWER:
This is true, with variability based on province. The dividends also must be the ONLY source of income, otherwise some tax will apply. RY, TD, BNS, MFC, T, ABX, SLF, QSR, FTS, AEM, POW, KEY, ENB, BCE, AQN, GWO, FN, EIF, IGM, ET, CIX

Q: Hello 5i,
I have posted a question on the Forums under the Tax and F/X Strategies and I would appreciate any thoughts or feedback.
Thanks,
Cheers,
Mike