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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: Can you advise if any of the REITs you would be favourable on have distributions that the dividend tax credit applies to? Thanks. Bill.
Read Answer Asked by Bill on August 20, 2019
Q: In regards to joint accounts, we joined our accounts 10 years ago. All tax information has both our names and the recipient type box is marked as 2 recipients.The sin number is the number of the account that the transferred account was transferred too, and is the first name on the account. Just split all statements for tax purposes. There was no disposition of stocks in the transfer account, just transferred in kind when we combined our accounts.

Mj
Read Answer Asked by M J on August 19, 2019
Q: Further to Thomas’ question about putting two non-registered accounts into one, aside from the deemed disposition issue, for tax purposes, this is generally not a good idea. The first person listed on a joint account is generally deemed to be the ‘lead’ on the account, and all T5s and associated tax receipts are only issued to the lead person.

So instead of splitting taxes between 2 people, once assets are joined in one account, all taxes - and corresponding increased tax rates - will most likely be borne by the one individual.
Just another aspect to consider before combining assets together.
Read Answer Asked by Warren on August 16, 2019
Q: Peter; I searched the Tax questions first but couldn’t find a answer- Re the 30 day rule- is the count of 30 days from the day it was sold or the settlement day? Thanks. Rod
Read Answer Asked by Rodney on August 14, 2019
Q: What portion of the dividend is withheld from US stocks in your TFSA and is there any tax consequences with that
Read Answer Asked by Greg on August 12, 2019
Q: I am 71 yrs of age and must put my rrsp into riff this calendar year am I still able to make a contribution to my rrsp for the tax deduction
Thks
M
Read Answer Asked by Marcel on July 30, 2019
Q: Just a general question on the rules for tax loss selling. If I sell a stock and immediately sell puts on the same stock (expiry more than 30 days in the future). Do I still qualify for the tax benefit? Does the strike price have an impact?

Always appreciate your insight.
Peter
Read Answer Asked by Peter on July 29, 2019
Q: I accepted that your general program is akin to a newsletter and therefore treated my earlier membership as a nontaxable expense, for income tax purposes. Do you have any thoughts on whether the Portfolio Analytics program might more possibly be a tax deduction? If it is, does one need to separate out the cost of the Analytics for the expense claimed, or can the whole amount be used? Thanks for your excellent service.
Read Answer Asked by Leonard on July 29, 2019
Q: ROC— my question is about return of capital.
If I had two companies with no capital gains for three years, one with roc at say 90% with a 5% yield and one company with a straight 5% dividend.
At the end of three years which would be the the best investment? Or is it awash because of taxes.
Thanks, hope this makes sense
Read Answer Asked by Brad on July 29, 2019
Q: À Canadian citizen returning to Canada after working in Australia for 14 years. Can such a person make TFSA’s contributions retroactive ?
This would make an eligible contribution today of $ 63,500.00
I cannot find an answer to this question anywhere.
Thanks
Read Answer Asked by Luc on July 25, 2019
Q: With respect to ROC and reits. Should I as an investor with most assets in registered accounts avoid as a rule those reits with high ROC.
I assume ROC lowers the value of the company with each distribution . In a non registered account tax provisions allow one to offset the original coast by the same , this advantage is lost in a registered account.
Not being an accountant - am I missing something here?
Read Answer Asked by Leon on July 18, 2019
Q: Please clarify which kinds of securities should be held in non-registered accounts vs RRIFs and TFSAs. I have held yield-assets in our RRIFs and capital assets in our TFSAs and personal accounts, preferring to pay capital gains taxes on appreciation in personal accounts than paying full rates on capital appreciation upon withdrawals from RRIFs. What is your advice and are there exceptions?
Read Answer Asked by sam on July 17, 2019
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