Investment Q&A

Q: Hi 5i, I have RRSP TFSA & CASH account investments , I need to start using it for income , wish account would use first?, Would using RRSP, CASH & TFSA, in that order, make sense? or any other approach.
thanks in advance

Q: When determining t1135 tax form threshold reporting requirements, do Dlr and Dlr.u holding held in a non registered account need to be included in the calculation.

Q: A follow up to my previous question re holding gold bullion. How are the taxed and which account is it better to hold the units?
Thanks
Jeff

Q: Good day,
I read a snippet of something on an investment forum about proposed US tax changes with regard to withholding charges on US dividends. From what I understand, the changes, if implemented would mean the US would begin to charge withholding tax even on dividends in RRSP accounts. Would you know anything about this?

Q: I sold these stocks for tax loss harvesting just over three weeks ago. Please confirm how long I have to wait before I can buy it back - 30 calendar days?
Thanks for your great help and advice.

Q: If Brookfield companies would have to start paying their fair share of taxes to Canada (with possible new leadership) instead of avoiding it because of their Bermuda base tax heaven , would Brookfield still be worth holding?

Q: Hi, holding a few of these losers now in my non registered accounts - they were nice winners just a short time ago. What are the best proxies for these as a tax loss strategy? If my holding is CAD and the proxy is US, should I convert CAD funds to buy US or avoid these situations? Also, at what $ or price % loss would you consider doing these tax loss trades? Thanks!

Q: Someone asked a question about T1135s and ETFs and your response was that if the fund is domiciled in Canada a T1135 wasn't required. Could you publish a list of which funds are and aren't? This would be helpful in selecting which ones to avoid if you want to reduce your tax paperwork.

Q: If you own (cost basis) over $100,000 (I believe) of foreign stock, you need to fill out a T1135 form. My question is, if you owned EFTs for foreign companies, and purchased those EFTs on a Canadian market, will those EFTs need to be included on the T1135?

I know this is a tax question, but I hope it has an easy answer. Thanks.

Q: How does RETURN OF CAPITAL affect ones annual Canadian tax return and does one have to keep track of them over longer periods of time? Thanks

Q: Tax question if you allow ( I acknowledge you are not tax advisors and that I am solely responsible). CRA form T1135 includes a column showing realized gain (loss) in Canadian $. The amounts I calculate after adjusting for purchases and sales made at different dates and after adjusting for commissions charged by brokers for Forex conversions , I arrive at a lower realized gain. The difference is not really for the “Outlays and Expenses” box in the T5008 in TurboTax software. Does it matter that I have a lower capital gain than the amounts shown in the T1135 ? Or do I need to report the exact amounts shown in the T1135? Thanks.

Q: I just read that you are saying there is a 10% tax on the sale of limited partnership shares. Is that only for US LPs? Or are you saying that when I sell my bip.un shares, that i will have to pay a 10% tax on the proceeds, independent of whether there is a gain or loss from the sale?

Q: Are those funds advantageous to hold in a rsp account regarding on the withholding of US dividends? I am never sure if those dividends get charged fo all holders, or just the cash accounts. So if these do not shelter the rsp from the tax, which equivalent would you suggest.?
Thank you

Q: I hold Veren at a loss in a non registered account...will I lose the the capital loss if I wait for the take over by Whitecap ? Jim

Q: Is the interest subject to withholding tax on the US side? (held in TFSA)

Q: Is there any withholding tax on an ETF like VGG in a TFSA when you sell it?

Q: Hovering around high $140s and into $150s, what would be a good entry for Terravest? thank you

Q: As they have moved to U.S. is there now a withholding tax on their dividends?

Q: On August 16 last year, High Arctic split the company into two entities (HOH and new HWO). For each share of HWO held, shareholders received one-quarter of a common share of HOH and one-quarter of a common share of post-Arrangement HWO.

I haven’t been able to determine how to apportion my original cost between the two. My RBC statement shows that they (RBC) attributed 100% of my existing cost to the new HWO but they attributed an addition $0.50 per share to HOH.

They have a generic footnote that says (re: HOH) “Part of or all of the Book Cost on this security position is unknown resulting in the use of market value… Please contact us to update the statement records.”

I would like to do that, but I don’t know what the amount should be.

On their website, HWO says,
“High Arctic Energy Services Inc. has determined that the fair market value [HOH] shares ... on August 12, 2024 is $1.755 per High Arctic Overseas Holdings Corp. common share”.

Does that mean I should (or could) use $1.755 as my cost per share of HOH, and deduct in from my cost per share of HWO? Other suggestion?

Thanks,

Q: Are these dividends eligible for the dividend tax credit even though the fund is largely composed of US preferreds.

Thank you