Investment Q&A

Q: I own GOOG shares in a US account at 982 US, or converted to Cdn $ at 1,299.97. I also own the GOOG mini shares at 23.35 Cdn$.
Am I correct that I have to add these shares to calculate my ACB, 1299.97+23.35=1,323.32/2=661.66?
Or are the shares considered separate with each having their own ACB?
Thank you. cheers

Q: I own SHOPIFY in both my TFSA and in a taxable account at much higher prices. I also have cash in my TFSA with which I would like to buy more SHOP at todays price. I would like to then sell the shares in my taxable account immediately to lock in the tax loss after purchasing extra shares in my TFSA. Is this allowed or does the 30 day rule still apply ?
Thanks for your professional guidance.

John

Q: Hi

TD Bank sells GICs for several other banks. Suppose I purchase two GICs through TD Waterhouse, both for 100K: one held by Homequity Bank and one held by BNS. Is the CDIC insurance limited to 100K since I bought through TD, or would both GICs be covered?

Thanks

Q: The difference between these two is fairly wide. I am under the impression the gap should have closed over time but it remains fairly high. I have a small number of shares of BIPC and a larger number of BIP.UN. Thinking of selling BIP.UN and buying BIPC with the proceeds, both have some gains. Both in a Cash account. Thoughts?
Thank you.

Q: In other answers I see that you are recommending tax loss selling. My positions in PYPL and ROKU are down about 50% and they're large enough that the tax loss would definitely benefit me. However, I'm worried about selling them because I feel like if the market improves, they could bounce back to the point where my benefit from the tax loss is nullified by the missed bounce until I can re-buy after 30 days. (For reference, if they bounce back to their early April prices, that would outweigh my benefit from the tax loss).

On the other hand, I think both are attractive at today's prices so if I don't sell for a tax loss I would probably add a bit to both positions.

Do you like PYPL and ROKU at today's prices (to add to current positions) or do you think they're better targets for tax-loss selling and re-buying in 30 days?

Q: I've owned Pender Growth for a long time and done very well. I've accepted the high fees and volatility as the price of ownership.
But , it's now heavily concentrated in one stock - Copperleaf - and has followed CPLF's downward trajectory.
Want to make sure I am understanding this correctly , because , if so, this concentration puts me beyond comfort level with dollar value tied largely to the fate of CPLF.
Your general thoughts on PTF and its current composition appreciated .
Thank-you.

Q: Thinking of locking in losses for tax purposes on these two. What would be a good proxy or proxies for the 30 day period?
Thank you.

Q: Hello, I bought AEM at $99. I am thinking of selling it and buy it back after the 30-day tax window.
A) Is the merger with Kirkland Gold fully completed now?
B) Do you think much can happen in the next 30 days with AEM stock price?
C) Let's say I sell AEM on June 6th, can I buy it back on July 6th or is it preferable to wait a bit longer?
Thank you,

Q: Are both BAM.A & BAMR eligible for the divided tax credit. Thanks. Cal

Q: Hello team,

Given the situation in the market, I would like to sell some stuff to recover the taxes I paid on capital gains back in 2020. But before doing that, I have a tax question: How do I recover the taxes paid on net capital gains in previous years? Let's say that I had made a capital gain of 100K in 2020 of which I had to pay taxes on 50K. Now, assuming my income hasn't changed, if I declare 50K in capital losses this year, do I get back all tax paid on my 2020 capital gains?

I know you are not tax experts but I hope you can give me a quick and general answer.

Thanks for your guidance! :)

Q: Those 3 are well underwater but I like all 3 for their long term potential. I need some tax loss and I'm thinking to sell one or all and buy back in 30 days. I wonder if you could think of proxy titles to replace for the next 30 days or just leave the money on the sidelines. Would you sell all or not? DOO is the closest to breaking even is 12% down. The others are down in the 30% range and are very volatile. I need an opinion to help me decide. Thank you.

Yves

Q: hi, if I sold stocks for a loss that are in XIT, and then buy XIT as a proxy and hold for a month, then buy the stocks I sold (that are in XIT) back after waiting a month, do I get the capital loss? (ie even though I owned the equities in the XIT)?? thanks, chris

Q: Hi,
David recently asked about a USD Income Portfolio. If he’s a Canadian resident, would you include USD payers from Canadian domiciled companies like AQN, BAM.A, MG, QSR, NTR, AEM, and others so that the dividend tax credit adds torque to the income net net?
I’ve been contemplating that as a strategy so want to make sure I’m not overthinking it. Thanks.

Q: I plan to sell these stocks for a tax loss and then buy them back after 30 days. Could you suggest a proxy stock that I could buy as a replacement for the 30 days

Q: I am currently down over $35K in SPY and would like to crystalize capital losses as I feel we are nearing the bottom. I understand that selling SPY and buying VOO would be deemed as an artificial loss by CRA, so I am wondering whether you can recommend another, less obvious replacement with high degree of correlation to SPY? Ideally, a USD-traded one. Thanks.

Q: Hi Team,
I have small position on GM down 35%, would like to sell for tax loss. What would you suggest to replace GM ?
Thanks as Always,
Tak

Q: Hi Team,
Would you be comfortable selling ATZ for a capital loss and re-buying in 30 days? I'm down 10% on it. Do you think it will go high enough in 30 days to offset my tax benefit?
Thanks

Q: I seek your help in clarifying how one calculates capital gains in the following circumstances:
1- Say you have shares in a Canadian company whose shares are inter-listed, and you hold shares on both the Canadian and the US side. Assume the shares have differing costs. You sell PART of the said shares that you hold on the US side. Do you estimate the average cost in C$ of ALL your shares for purposes of “adjusted cost base” ? I have assumed yes.

2- This is a different question, and not necessarily related to 1 above.
Say you have shares a Canadian company, say CNQ. Say you bought CNQ in your accounts at two different and unrelated brokerages, for example iTRADE and at RBC-DI. Your CNQ shares are now held at each of these online brokers. Assume the CNQ shares referred to here are held in taxable accounts. You may also have CNQ in tax-deferred accounts, but I have assumed transactions in tax-deferred accounts are not relevant to this question.

Thus, you bought CNQ shares at different times and at different costs. You may also have bought CNQ on both the US$ side and the C$ side. When you sell part of your shares held in your TAXABLE account at iTRADE , is your adjusted cost base the average of ALL your purchases on CNQ in ALL your taxable accounts i.e. both iTRADE and RBC-DI ?

Q: is there any information about flow through shares. Where can I get information regarding tax benefits. Does 5i think they could be useful to investors or are they to risky. Is there an ETF . Thanks 5i

Q: Hi group p

Please explain in simple terms what Harvesting tax loses and proxy mean when selling stocks at a loss

Second question please give me your top 3 picks (in preferential order) c/w short explanation for following sectors ....Consumer staples, Energy ,
Materials, Real estate, Health care, Commodities, Financials

Thank you for your help





staples,