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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: I hold both BEPC and BEP.UN. THE BEPC SHARES I HOLD AT A LOSS. I’M WONDERING IF YOU KNOW WHETHER OR NOT I CAN SELL THE SHARES IN BEPC AND BUY BEP.UN WITH The proceeds, and still claim the capital loss on the BEPC shares?
Read Answer Asked by Donald on December 01, 2023
Q: HI;
Would you be kind enough to explain the differences and similarities between these two? Is xhy the canadian version of hyg? Is it hedged?
Is there wh tax on xhy. Level 1 or 2? Can I avoid the wh tax by buying hyg? Is hyg a us or canadian listed etf? Is hyg hedged?
Thanks, BEN.
Read Answer Asked by BEN on November 29, 2023
Q: I'm trying to include tax planning in my investment decisions more than ever. Given that our Canadian governments have insatiable demand for new tax revenue and that politicians love to shower the electorate with new "free stuff" which of the following tax easing shelters do you feel will be attacked first? Will it be reducing the principal residence exemption, increasing capital gains rates, decreasing the dividend tax credit rate or something else?
Read Answer Asked by DAVE on November 29, 2023
Q: Greetings:
I recently opted for Broadcom to buy the few VMWARE shares which i held at BMO INVESTORLINE. When the cash arrived in my account they deducted 15% wh tax. This is not a limited partnership, but instead a capital sale. They will not be issuing a dividend slip so I don't know how I will be able to get the tax back. Your suggestions , please.
Thanks, BEN.
Read Answer Asked by BEN on November 29, 2023
Q: re: Indra's question about UK and Hong Kong withholding taxes:
S&P Dow Jones Indices maintains a list of withholding tax rates for every country.
(google S&P Global withholding tax rates.)
The UK and Hong Kong have 0 withholding tax.
Read Answer Asked by chris on November 28, 2023
Q: Last week on BNN market, call Jason Del vicario, was asked the question on kxs . He suggested that the caller look at MANH in the US instead.
Can you give an opinion on Manh vs kxs and if u could only buy one which would you buy?

He also mentioned that there is no withholding tax for Canadians on dividends from UK and Hong Kong domiciled stocks
Can you confirm this thank you
Read Answer Asked by Indra on November 27, 2023
Q: Tax loss season is an opportunity to shop for bargains. Can you name 2 or 3 that are excessively beaten down, therefore likely to bounce and rise further on fundamentals?
Read Answer Asked by John on November 24, 2023
Q: MoneySense recommended HXT as one of the best Canadian ETFs for years, but not in 2023. Is there any concerns that the government may crack down on Horizon's Total return funds that do not pay out any dividends?
Thanks!
Read Answer Asked by Grant on November 24, 2023
Q: My question yesterday did not seem to go through as it did not show up in "My Questions".
In reading your newsletter "What Investments to hold in your TFSA or RRIF" - I hold the above 4 ETF's in my TFSA and was wondering if they should be in this account?
I interpret your information as they should not be in an TFSA.
Thanks
Read Answer Asked by Terry on November 23, 2023
Q: Hello I wanted to confirm I am correct in assuming if I transfer in kind a stock from a non registered account to a registered account that the transfer from the non reg would be taxable event? Assuming there was a profit, or if at a loss I could use that loss against other cap gains?

Thanks
Read Answer Asked by Kolbi on November 23, 2023
Q: If I sell a US stock or an ADR that shows a loss in USD but a gain in (reportable) CAD, how does the 30-day rule apply? Must I wait 30 days to buy it back or can I do it right away?
The same question would apply to a Canadian stock that I hold on the US side. It shows a loss in USD but a gain in CAD.
In other words, if I am claiming a gain on my income tax return (which I am reporting in CAD) and not a loss, can I buy the stock back straight away?
Read Answer Asked by chris on November 22, 2023
Q: I am trying to figure a way to get around the 30 day rule for selling a stock at a loss and rebuying it. I sold HBF to capture a capital loss. If I now buy HBFE before the 30 days, do I still get the capital loss? The two ETFs are identical, its just HBFE uses 25% leverage. I understand the increased risk.
Similarily there are ETFs now which have a .U after the symbol. The .U version is in USD. I suspect the CRA considers them the same and I would lose the capital loss if I sold the Cdn version and rebought the.U version. Please confirm.
Read Answer Asked by Don on November 22, 2023
Q: ATZ,AC,BIP.UN,BEP.UN,CS,CP,DND,GEI,DND,GEI,MDI,OLA,PD,TECK.B,TCN,SDE,SVI,
GERT.UN(GRANITE)
Which would you sell for a tax loss
Read Answer Asked by Nizar on November 21, 2023
Q: Still looking into tax loss selling. The last few days have made me somewhat apprehensive, though. Things can shoot up fast. I have, unfortunately, fairly substantial losses in these three. Does 5i have any objections to selling, with the perspective of buying back later?
Thanks for your excellent advice
Read Answer Asked by joseph on November 17, 2023
Q: Ran the numbers on ENB tax loss sale but using Call/Put strategy to ensure I get it back near today's price for $80 cost. Would this be a useful strategy to crystalize the price for buy back?
Read Answer Asked by Greg on November 17, 2023
Q: I hold a significant amount of those 3 ETF in my non registered account + RRSP.Assuming that ROC represents a large part of the dividend ( true?),I suppose that we could tolerate a "reasonable or slight" réduction of the NAV ,compensated by the much lower income tax + partial compensation of capital gain if eventually sold .Those advantages are not present in the RRSP , maybe should I reduce the % of covered call ETFs in the RRSP if the NAV is not stabilized... Please comment ( or criticize ! )my observations since I am far from being an expert, regards J-Y
Read Answer Asked by Jean-Yves on November 17, 2023
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