Investment Q&A

Q: I recently sold a stock on Dec 17th 2021 in a margin account. Is it possible to rebuy the exact same stock for my TFSA now (it has been less than 30 days) and still claim the tax loss or do the same rules apply to a TFSA?
Also, is the 30 day time frame for tax loss 30 calendar days, or 30 days that the exchange is open?Many thanks Don

Q: Hi, I am considering adding Nvidia to my TFSA. Since it is an US stock, other than the withholding tax for the divi's, are there any other issues that I need to be aware of? Thanks Len

Q: Hi,
I am wondering about whether or not replacing stocks sold for a tax loss strategy is prudent, or not. All of the above listed stocks are at a loss in a taxable account. I am looking to offset a large profit that occurred in July when a number of stops were hit. The loss on GSY and SBUX is not terribly large, and so if it is deemed these stand a good chance of rebounding in the early part of 2022, then I may decided to keep them. In selling any of the stocks listed, are their replacements I could purchase that would likely add some growth? The alternative being just wait out the 30 day period and repurchase the strongest of the list. Your thoughts and suggestions would be most appreciated! Thanks for all the great advice over the years! Dawn

Q: I hold BEP.UN in a non registered account but would like to replace it with BEPC. From a tax point of view are they considered to be identical securities such that I have to wait 30 days before buying BEPC? Thank you for your excellent service.

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.

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

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

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.

Q: This is a US traded fund with a high dividend that I am thinking of buying. I know you guys aren’t accountants so I won’t hold you to it, but any inkling of what withholding tax would be taken off the distribution if held by a Canadian in a non-registered account? Thanks and Merry Christmas!

Q: Can I sell LSPD in a non-registered account for a tax loss and then buy it back right away in an RRSP without affecting the tax loss strategy?

Q: When is tax loss selling expirey?
Doug

Q: Hi Peter, Ryan, and Team,

Even though I share your positive outlook of Stella-Jones in your recent answer to Stuart, could SJ be a good candidate for tax-loss selling with the intention to buy it back later?

Your advice is always valuable and highly appreciated.

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.

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

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.

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

Q: Hello, the rumour on the street is that the federal government will be raising the capital gains tax. Does it make sense to crystallize gains this year, pay the tax, move the money into an unused registered account ?

Q: I own enb and presently have a 3000 dollar loss, what is the rule re selling for tax loss and how soon after selling can I purchase again. Also I have a substantial capital gain from the sale of real estate this year. Will I be able to use this tax loss against the capital gain?
Cheers, Doug

Q: When purchasing International ETS's within in an RRSP is there any withholding tax advantages to holding US traded ETF's?

Q: Do you recommend a level of international exposure in a TFSA even though there is a withholding tax? Would the best strategy be to overweight international exposure in the RRSP and underweight in TFSA.