Investment Q&A

Q: Hi the great 5i team, when is the start and end of tax loss season in general? Any indicators? Thanks.

Q: I have the following loss that I can claim as a tax loss- wef = 44% - usa=31% - shop=18% - meg=14% - lspd=16% - Kel=40% gud 30%. My question is there any of these stocks that have any chance they will recover before the 30 buy back period expires? I would hate to sell them and then watch them recover more that the loss that is claimable?- appreciate your thoughts

Q: Hello,

I am down on this one (MX) as it seems tied to the oil prices..I am considering a tax loss sale and getting back after the 30 day period. What are your thoughts?

Q: I understand there are tax benefits to donating stock (that has appreciated) to charity. Can you tell me, is the actual ownership of the stock transferred (which I assume means the charity would need a brokerage account) or can the brokerage sell the stock and send the proceeds to the charity? I'm considering a small charity, which likely does not have a brokerage account. Thanks.

Q: I found your answer to yesterday's question from Wes of interest. You indicated that "This strategy also assumes there will be no change in the capital gains inclusion rate in the next Canadian budget."

Do you recommend that investors take action now to avoid possible capital gains tax changes in the next budget? If yes, what actions would you recommend?

I have read in the news that "rich" people use family trusts and offshore accounts to avoid taxes. Are these appropriate for individual investors? At what asset levels?

Are there any other mechanisms which you can recommend aside from RRSPs and TFSAs to help reduce taxes for individual investors, and to avoid any possible future capital gains tax increases?

Your advice is greatly appreciated. Thank you for this excellent service.

Q: What do you think of Siyata's quarter? Things seem to be improving but there is still negative ebita but what looks like enough cash on the balance sheet to keep things going until they hopefully get traction. No large sales for the current quarter have been announced to date so that is concerning (one large sale was announced on Sept 30, was it squeezed in to make the last quarter look better??) Your thoughts on this company are appreciated.

Q: Hello Peter and team,

Is there a tax efficient way to have US exposure in a taxable account? Would you recommend a ETF? Trying to get more US exposure in my sons portfolio and the taxable account is quite a bit larger than the RRSP's and TSFAs (both maxed) so if we want more US exposure, it has to be in the unregistered.

Thank you,

Wes

Q: Goodmorning
My wife will be making a contribution to her rrsp this year before it will be turned into a RIFF. She has bam.a in her TFSA would you recommend transferring in kind Bam.a or cash which she also has available in her TFSA and keeping Bam.a in the TFSA?
THKS
Marce

Q: When donating securities to a charity where there is a capital gain that will not be applied, is there any restriction on replacing these shares? Can I buy them right away or is there a 30 day wait period?

Q: In order to realize a gain I wish to sell my full position in kxs for tax reasons. How soon after can I rebuy my shares to start a new position

Q: ayx,amt,pypl,sq,uber,xyl.All US and my looser which one or all I should sell.I know they are all US but need help only because of tax time,highly appreciated.IF possible.

Q: What is the gap between selling and buying back a Canadian company with a loss please?

Q: Would the tax treatment ( no holding tax) be the same on the LIRA account as with RRSP account holding US-ETFs or dividend-paying stocks?
Thanks
Cec

Q: Hello 5i,
I moved an asset from a sheltered account to a non sheltered account. I sold the same asset at a loss 10 days later. Is this a superficial loss?

Tia.

Q: Would you be kind enough to decipher BYD.UN's information circular on the following key points? It's way too complicated for us simple retail investors.

What are the tax consequences on conversion, if any (assuming it is not a tax free rollover)? What are the conversion rates of units to shares? When will this be effected, if unit holder approval is obtained? Thanks.

Q: Since ECA is moving to the US and becoming OVV, does this mean it will become a US company for Canadian tax purposes? i.e US withholding taxes on dividends and ineligible for Cdn dividend tax credit.

Q: Hello, in a non-registered account, how is capital gain on US stocks taxed? Is it taxed the same way as capital gain on a Canadian stock (50% of the gain)? Thanks, Gervais

Q: Hi Peter and Co. CAE--PL--VET--PEY

looking at taking a tax loss on these 4 companies.When do think is the best time to pull the trigger?I dont want to do it when everybody else is driving the price down.

Q: Wondering what your picks for "popular" stocks that might get hammered the most by tax-loss selling this year , a few that I have in my portfolio for suggestions but hoping not of course .. NFI , ERF , VET ?

Thanks ,
Chris

Q: Hello 5i,
I am 73 years old, a value investor. Except for Chartwell (bounces around), NFI and Pasons, all the rest are doing well ( not so ZPR, CLF and CBO). I am up $10,000 on many of my 50 equities but these individually are not over 2% of holdings. I do not need the money and see no reason to sell my winners. Thus since there are no losers, as such, to sell and I think I should keep my winners. With all this talk of tax loss selling: do I, at this point, have a dire need for tax loss selling? I do not think so, but then again, that is just me.
Thank you
Stanley