Q: Quick comment on tax-loss selling. It is my understanding that if you have a net loss this year, you can also use this on PREVIOUS 5 years where you had gains. Many may now be in this position. And some like me may also have had higher earnings in past years so this could also make an impact. True?
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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: To confirm my numbers/thinking around tax loss selling could you please confirm if the following is accurate: If I have a capital loss of $5000 and my marginal tax rate is 40%, I can now or in the future use that to offset a capital gain of $5000. 50% of this capital gain is taxable, so I am in essence saving $1000 spendable cash for myself (40% of $2500). Thanks!
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Brookfield Renewable Partners L.P. (BEP.UN $40.15)
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Brookfield Infrastructure Partners L.P. (BIP.UN $48.48)
Q: I am pretty sure you have answered this before but I could not find anything with the search option, so here goes.
Brookfield companies have a complex structure and I was wondering in which category exactly their distributions fall with regards to taxation. For example I read that sometimes distributions from shares of BIP held in a TFSA were subject to the 15% witholding tax, while some other times they were not.
Could you please clarify the situation and also state your prefered account in which to hold BEP, BIP and BAM? I have them on my radar, so I want to make sure I maximize returns when the time comes to own them.
Thank you very much as always.
Brookfield companies have a complex structure and I was wondering in which category exactly their distributions fall with regards to taxation. For example I read that sometimes distributions from shares of BIP held in a TFSA were subject to the 15% witholding tax, while some other times they were not.
Could you please clarify the situation and also state your prefered account in which to hold BEP, BIP and BAM? I have them on my radar, so I want to make sure I maximize returns when the time comes to own them.
Thank you very much as always.
Q: I sold VET on Nov. 29 for a tax loss in my unregistered acct. Can I repurchase Vet in my TFSA or RIF before the 30 day limit. Thanks.
Q: Is this tax loss selling of stocks new? I don't recollect this being talked so much in the previous years. Please help me understand what has changed.
Q: Is the trade date or settlement date used for tax purposes? Can I sell a stock on Dec 29 and claim the loss on my 2018 taxes even though it settles in 2019?
Bryan
Bryan
Q: I am trying to understand the ins and outs of the 11 billion special dividend from VM Ware VMW I hold the stock in my registered accounts. My thinking is that the stock will drop following the payment by a like amount, but I will be subject with US withholdings on the dividend, netting significantly less. Even though I think VMW is a good stock, doesn't seem like a good play for me. I am thinking of selling and possibly buying later. Your thoughts would be appreciated.
Q: What are the tax and admin implications of holding BPY, the U.S. limited partnership, versus BRP, the U.S. REIT?
Q: Hello, my understanding is that because of our tax rules the tax loss season (November - December) is something Canadian only. Is that correct? Do the American investors also have a tax loss season? Thanks, Gervais
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Global X S&P 500 Index Corporate Class ETF (HXS $96.64)
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Global X Balanced Asset Allocation ETF (HBAL $17.41)
Q: Can you please coment on the proposed tax efficientiancy promoted by horizon.ie total return distribution yearly if any.does it mean you only have capital gains to be reported? Great service and tks
Q: I know that there isn 30 day time limit on margin accounts. Are RRSPandTFSA accounts also @ 30 day limit.Thanks for your great service. Jim
Q: Hello, I do need some help what to do I received a letter from my TD Direct investing broker about the brookfield INF stating :that
Exch LP became non-qualified TSFA investments in OCT 2018
"CRA will require you to pay a one time penalty of 50 % based on the FMV of any investment that is acquired or becomes non-qualified in a TSFA"
Value of non qualified assest were $2695. $
My exchange date for the shares was in Nov. 2018
I did get the BIP for the Enercare shares and try to find out what went wrong,
Greatly appreciate some explanation for this.
Margit
Exch LP became non-qualified TSFA investments in OCT 2018
"CRA will require you to pay a one time penalty of 50 % based on the FMV of any investment that is acquired or becomes non-qualified in a TSFA"
Value of non qualified assest were $2695. $
My exchange date for the shares was in Nov. 2018
I did get the BIP for the Enercare shares and try to find out what went wrong,
Greatly appreciate some explanation for this.
Margit
Q: Hello. I know that you aren’t tax specialists, but I would value your opinion on this.
If one sells ENB in a non-registered account and sells to capture a tax loss, would the conversion of ENF to ENB shares in a registered account within 30 days before count as a wash and disallow a portion or all of the loss?
If one sells ENB in a non-registered account and sells to capture a tax loss, would the conversion of ENF to ENB shares in a registered account within 30 days before count as a wash and disallow a portion or all of the loss?
Q: Hi,
I purchased some cdn dividend paying stocks on Oct14 and sold them Nov16 - Can I buy them back now (Dec7) without being concerned about the Superficial Tax Loss rule affecting me?
THX
I purchased some cdn dividend paying stocks on Oct14 and sold them Nov16 - Can I buy them back now (Dec7) without being concerned about the Superficial Tax Loss rule affecting me?
THX
Q: Good morning,
MUX announced new financing last night,it consists of a US $15,000,000 bought deal private place offering of 6,634,000 flow-through common shares priced at US$2.26. This offering price is at a 26% premium to the closing price yesterday of US $1.81. The stock price has been below US$2.26 for 6 weeks, why would anyone pay a 26% premium when they could have bought all the stocks they wanted at a lower price in the open market the last 6 weeks?
Thanks, George
MUX announced new financing last night,it consists of a US $15,000,000 bought deal private place offering of 6,634,000 flow-through common shares priced at US$2.26. This offering price is at a 26% premium to the closing price yesterday of US $1.81. The stock price has been below US$2.26 for 6 weeks, why would anyone pay a 26% premium when they could have bought all the stocks they wanted at a lower price in the open market the last 6 weeks?
Thanks, George
Q: Hi
Please help me understand this. What is the net difference between $1 in dividend from an eligible Cdn. company ( eg. ENB) vs. $1 “ dividend “ ( dividend and ROC) from a pure play Cdn. ETF ( eg. ZWU) ? Assume a non- Registerred Account that pays no tax.
Please help me understand this. What is the net difference between $1 in dividend from an eligible Cdn. company ( eg. ENB) vs. $1 “ dividend “ ( dividend and ROC) from a pure play Cdn. ETF ( eg. ZWU) ? Assume a non- Registerred Account that pays no tax.
Q: Hi 5i team,
I sold PBH for year end tax loss on Nov 21 and would like to repurchase after the 30 days rule. Do we start with the trade date or settlement date? Is it 30 calendar days or business days? So with Nov 21 being the trade date, when can I repurchase PBH? Thanks .
I sold PBH for year end tax loss on Nov 21 and would like to repurchase after the 30 days rule. Do we start with the trade date or settlement date? Is it 30 calendar days or business days? So with Nov 21 being the trade date, when can I repurchase PBH? Thanks .
Q: tax question - I want to move a stock with a capital loss from a non-registered account to TFSA. I know I need to wait 30 days after selling the stock to buy it back in the TFSA. What about FIRST buying the stock in the TFSA, then afterwards (say the next day) selling the stock in the non-registered account and utilizing the capital loss. Is that process OK?
Q: Stock loss selling/ re-buy within a 30 day period.
If a stock is sold at a loss within a TFSA where a capital loss cannot be claimed, can the stock be repurchased at any time after the sale? i.e. no 30 day waiting period.
Similarly, can that stock (sold in a TFSA) be repurchased in another account be it unregistered or an RRSP?
Thanks.
If a stock is sold at a loss within a TFSA where a capital loss cannot be claimed, can the stock be repurchased at any time after the sale? i.e. no 30 day waiting period.
Similarly, can that stock (sold in a TFSA) be repurchased in another account be it unregistered or an RRSP?
Thanks.
Q: I have a Tax Free Saving Account government regulation question. In January 2019, I contribute $6,000.00 dollars, the new possible limit per year. Then, in January 2019, I transfer in-kind from regular account to my TFSA a stock worth $6,000.00 dollars. Now, can I buy another stock in the TFSA with the $6,000.00 dollars in cash in the account?