Q: Hello, in your response to Arzoo's question regarding international holdings better held in RRSP, you say that generally International companies in an RRSP will not have dividend withholding taxes. I have MDT in my RRSP, and there is a withholding taxes of 20%. I have phoned my online broker about this, and they told me that if a company's main address is outside of Canada / USA (Medtronic is based in Dublin, Ireland) then there will be a 20% taxes. And this even if the company trades on the NYSE. They told me that the RRSP tax treaty between Canada and the US applys only to US domiciliated companies. Do you agree with that? Thanks, Gervais
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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.
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Brookfield Infrastructure Partners L.P. (BIP.UN $44.29)
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NorthWest Healthcare Properties Real Estate Investment Trust (NWH.UN $4.97)
Q: Greetings,
I am specifically interested in finding out about NWH & BIP but as a general "rule of thumb", are international holdings better held in RRSP accounts irrespective of them being listed on TSX?
I am specifically interested in finding out about NWH & BIP but as a general "rule of thumb", are international holdings better held in RRSP accounts irrespective of them being listed on TSX?
Q: I have capital gains for the year and I am looking at selling the losers to help reduce the tax hit. I have a loss on TSGI and I am wondering if/when I should sell. I like the company and would want to replace the stock after the 30 day period. Given the next earnings report is Nov 7 is it better to sell before or after that date or is timing even worth considering?
Thanks
Mike
Thanks
Mike
Q: Good morning 5i,
My question concerns tax loss selling. If half a position was sold, say, roughly a month ago, I would be able to purchase the stock again today. But, say if I decided to sell the other half of the position today, would I have to wait another thirty days before buying anything back? Or, could I buy the original half back, now.
thanks
My question concerns tax loss selling. If half a position was sold, say, roughly a month ago, I would be able to purchase the stock again today. But, say if I decided to sell the other half of the position today, would I have to wait another thirty days before buying anything back? Or, could I buy the original half back, now.
thanks
Q: Good morning
My wife and are both under age 65. Each have an RRSP and my wife has a spousal as well.
She has the higher income.
Should we withdraw from the Spousal RRSP can I claim it on my Taxes as I have the lower income?
Thank you
Mike
My wife and are both under age 65. Each have an RRSP and my wife has a spousal as well.
She has the higher income.
Should we withdraw from the Spousal RRSP can I claim it on my Taxes as I have the lower income?
Thank you
Mike
Q: Hello .. I hold a foreign dividend etf in my cash account. Will the foreign tax paid increase my cost base or is it just the cost or diversification. Best regards gary
Q: Given the current state of the Canadian market, I have filled both registered accounts with US/international equities. Provided a US/international equity doesn't pay a dividend, are there any negative tax consequences from holding these shares in a non-registered account? Thank you.
Q: I recently asked a question about tax loss selling in the US and Canada that obviously wasn’t clear enough.
I wanted to know how tax loss selling in the US for an American investor compares to Canada for a Canadian investor. How similar are the tax implications, rules etc.?
Thanks, Hugh
I wanted to know how tax loss selling in the US for an American investor compares to Canada for a Canadian investor. How similar are the tax implications, rules etc.?
Thanks, Hugh
Q: Bought option Oct 19 $12 ENDP to close a cvered call sold in July for a loss on Oct 20. . Can we purchase option Dec 19 $ 17 ENDP on Oct 24 or does the 30 day rule apply for all options of the same company.
Thanks
Thomas
Thanks
Thomas
Q: Could you compare and contrast the benefits and regulatory considerations of tax loss selling in the US relative to Canada? Is the form and strategy similar or quite different and to what extent?
(This request is for broad brush information not detail)
Thank you, Hugh
(This request is for broad brush information not detail)
Thank you, Hugh
Q: Hello 5I.
I have a question about warrants and the tax loss. Are the Greenspace warrants and the greenspace common stock consider the same entity for tax purposes? Meaning could I see one and purchase the other on the same day and get a loss or would it be forfeited?
Thanks
I have a question about warrants and the tax loss. Are the Greenspace warrants and the greenspace common stock consider the same entity for tax purposes? Meaning could I see one and purchase the other on the same day and get a loss or would it be forfeited?
Thanks
Q: Hi
I sold TCL.A on October 1, 2018 for a tax loss of $2,913. in my cash DRIP account.
I was paid a dividend on October 16, 2018 and received 3 shares.
Will this cause me any problems as it occurred within 30 days of my selling?
Thank you
Mike
I sold TCL.A on October 1, 2018 for a tax loss of $2,913. in my cash DRIP account.
I was paid a dividend on October 16, 2018 and received 3 shares.
Will this cause me any problems as it occurred within 30 days of my selling?
Thank you
Mike
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BMO Covered Call Utilities ETF (ZWU $11.06)
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BMO Canadian High Dividend Covered Call ETF (ZWC $18.73)
Q: Are these etf's better to be held in registered accounts for tax purposes. Since there will be ROC when sold, how difficult is it to calculate or are tax forms supplied with that info upon sale. I'd like yo add it to my non registered account to collect the nice dividends but worried about how to handle after a sale. Thanks
Q: Hi All at 5i! A quick question on taxation of CBO.... are the monthly distributions taxed as dividends or interest ? Thank you
Q: Before proceed with a purchase would you confirm for me that a US stock or ETF may be purchased in a Canadian RRSP without having to file annual tax information or remittances to the USA. I know that a US stock or ETF purchased in a cash or TFSA is subject to annual filings. As a long time subscriber, thank you for your service.
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Global X S&P 500 Index Corporate Class ETF (HXS $88.15)
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iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ $56.60)
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Vanguard S&P 500 Index ETF (VFV $151.91)
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Global X Nasdaq-100 Index Corporate Class ETF (HXQ $89.43)
Q: I am considering holding VFV and XQQ in my personal unregistered accounts because they produce dividends. I could borrow money to invest in them and write off the interest. On the other hand, would it make sense to put HXS and HXQ in my passive corporation (no active income) as these two produce only capital gains and no distributions? Is there a big difference in dividends earned in a passive corp vs
personally? Also all of these will not count towards the T1135 limit. Any thoughts?
personally? Also all of these will not count towards the T1135 limit. Any thoughts?
Q: Hello 5I.
I just was wondering how best to handle tax loss selling season? Do I wait till late november early december to buy some "losers" or do you strike when it falls into my range. I am just tentative as I don't want to buy way to early if a stock is probably going to drop further (best guess).. Dollarama for example..
Thanks
I just was wondering how best to handle tax loss selling season? Do I wait till late november early december to buy some "losers" or do you strike when it falls into my range. I am just tentative as I don't want to buy way to early if a stock is probably going to drop further (best guess).. Dollarama for example..
Thanks
Q: Hi All at 5i! A quick question about tax loss selling. When would it be ideal to sell a stock at a loss to offset gains, considering that I want to buy the stock back. Would now be good? Or wait until Nov? Dec? Also, I own CBO at a loss at the moment. Considering that interest rates are going up, should I sell it now at a loss( to offset capital gains) and buy it back later? Cheers, Tamara
Q: Gentlemen,
About the 30 days waiting to re-buy question.
I own stock X on my margin account, I have a loss this stock.
If I will buy stock X on a registered account.
And after I will sell stock X on my margin account
The loss can be claimed in this situation or I have also wait 30 days before selling ?
Thanks
BR
About the 30 days waiting to re-buy question.
I own stock X on my margin account, I have a loss this stock.
If I will buy stock X on a registered account.
And after I will sell stock X on my margin account
The loss can be claimed in this situation or I have also wait 30 days before selling ?
Thanks
BR
Q: Hi 5i
Do you see any reasons why these two companies will increase in value over the next 30 days? I have significant losses that I could bank, but I like both for their dividends and could buy back after 30 days. Thanks
Do you see any reasons why these two companies will increase in value over the next 30 days? I have significant losses that I could bank, but I like both for their dividends and could buy back after 30 days. Thanks