Q: Hi Peter and Ryan, I'm just making sure I understand the withdrawal rules correctly in dealing with TFSA accounts. I have some cash accumulated from the payments of dividends during the last few months in my TFSA. Am I allowed to withdraw say $2,000.00 in cash from my TFSA account in the next few days (before December 31). Then after Jan 1st, 2017, does my new limit for 2017 become $7,500.00? If so can I transfer (in kind) shares from a cash account worth $7,500.00 into my TFSA without issues? Thank you so much for all you do and all the best in the new year. Mario.
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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: Do you have an opinion of ETF's structure. Specifically Horizons using derivatives and reflecting dividends in the share price vs. more conventional ETF's. If you could comment on the downside and upside of either structure. Thank-you and Merry Christmas.
Q: Good Day
With tax loss season here, any suggestions for buying stocks being sold for tax losses.
Thank you
With tax loss season here, any suggestions for buying stocks being sold for tax losses.
Thank you
Q: Hi Peter and team,
This your no body is talking about tax loss selling. Will you pl throw some light on the subject and likely candidates having strong balance sheet?
This your no body is talking about tax loss selling. Will you pl throw some light on the subject and likely candidates having strong balance sheet?
Q: Holding modest amount of funds in trust for kids w/5 year time frame. What do you think of Bayer today as lynchpin holding for US funds? Is there a difference tax wise for dividends vs US company like PFE? Thanks as always for the great service!
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iShares S&P/TSX Canadian Preferred Share Index ETF (CPD)
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iShares 1-5 Year Laddered Corporate Bond Index ETF (CBO)
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iShares Core Canadian Universe Bond Index ETF (XBB)
Q: Hello and Merry Christmas to all at 5I.
Moving forward I have new funds to add to my portfolio in the fixed income sector. My RRSP portion is fully utilized for fixed income using CBO and XBB so this is new fixed income funds outside of a sheltered account should I still use XBB/CBO or is there some other fixed income source that would be more beneficial that I should consider.
Moving forward I have new funds to add to my portfolio in the fixed income sector. My RRSP portion is fully utilized for fixed income using CBO and XBB so this is new fixed income funds outside of a sheltered account should I still use XBB/CBO or is there some other fixed income source that would be more beneficial that I should consider.
Q: Magna pays their dividends in USD. On their website they indicate that their dividends are "eligible" thus eligible for DTC. How does one be as tax-efficient as possible, not pay brokerage a conversion fee for USD to CAD conversion, and apply DTC? Cannot apply DTC if held in TFSA or RSP.
Q: How do capital gains work with US stocks? In addition to the gain, do you have to factor in the exchange differential rate from purchase to sale. If the US dollar increased in value during this period, does that increase the gain to be declared and the other way around? Thank you for the great service.
Q: Would xsu and zub be ok in a resp regarding with the holding tax. thanks
Q: UL Unilever
company does not come up. I own UL adr and there is no withholding taxes only minor administration fees on TD webbroker.105.93 dividend, 1.50 adm fee.
just a comment.
company does not come up. I own UL adr and there is no withholding taxes only minor administration fees on TD webbroker.105.93 dividend, 1.50 adm fee.
just a comment.
Q: Hello, I know you do not recommend holding REITs in a taxable regular account. In that context, where is the best place to hold income funds such as Pizza Pizza (PZA) or Boston Pizza (BPF)? My understanding is that their distribution is in the form of a dividend portion plus a return of capital portion, is that effective from a tax perspective? Regards, Gervais
Q: I have a question about 1714,Hi,I would like to diversify out of Canada with a etf. If I bought VGG in my cash account,would I have to fill out a U.S. Tax form,or would it be included in my Canadian tax return? I file my own taxes and not interested in filing U.S.taxes as well.
Would Vgg be good for income 3-4% and a little growth or could you recommend something.
Thanks,Brad
Would Vgg be good for income 3-4% and a little growth or could you recommend something.
Thanks,Brad
Q: Can I have your thoughts on ZDI or an alternative you suggest. Yield and holdings look good. Also, what do you suggest as a foreign stock holding percentage for a portfolio not including US stocks. Looking to add foreign dividends and exposure with existing incoming Canadian dividends from portfolio. Does ZDI hold the stocks directly or through another ETF, I want to get as close as I can to the ownership of the stocks through the ETF avoiding any unnecessary extra fees.
Q: HI guys .if I hold US stocks in my TFSA ; do I have to pay US tax's on any profits or is it exempt like my RRSP or rif's as always Thank you GARY
Q: Good afternoon,
My question pertains to holding US equities in various accounts. Can you please validate or refute the following:
Cash account: US dividends are taxed as interest-50%, and a 15% withholding tax is applied which can be redeemed during tax season.
RRSP: US equities are supposed to be capital gains and divends tax free. However, I have noticed that some equities, such as limited partnerships have their dividend taxed at 38% with an additional 15 % non redeemable withholding tax. Can you confirm this, and are their any other types of US equities that are Exempt from RRSP tax sheltering?
I have also been told that US equity ETFs that are listed in the US are also have their dividends taxed. Is this true? And would this be the same for US equity ETFs that are listed in Canada (ex: those listed on black rock Canada website )?
Thank you for bringing some clarity to the issue. Any other tips you may have would be well appreciated.
Cheers,
KR
My question pertains to holding US equities in various accounts. Can you please validate or refute the following:
Cash account: US dividends are taxed as interest-50%, and a 15% withholding tax is applied which can be redeemed during tax season.
RRSP: US equities are supposed to be capital gains and divends tax free. However, I have noticed that some equities, such as limited partnerships have their dividend taxed at 38% with an additional 15 % non redeemable withholding tax. Can you confirm this, and are their any other types of US equities that are Exempt from RRSP tax sheltering?
I have also been told that US equity ETFs that are listed in the US are also have their dividends taxed. Is this true? And would this be the same for US equity ETFs that are listed in Canada (ex: those listed on black rock Canada website )?
Thank you for bringing some clarity to the issue. Any other tips you may have would be well appreciated.
Cheers,
KR
Q: Thank you, Alphonse for your question. It was the CRA that I wanted to know about. I wanted to know whether I should eliminate my losses before the federalistas suddenly change the way losses are handled. Is that a concern?
Q: On Nov.22 James asked you a question about gains of $200,000 vs loses of $50,000. He wondered if he should be concerned with this situation and if the federalistas would ever suddenly surprise him. When you answered you said the feds will not care etc.
When he and you mentioned the feds were you talking the USA or Canada Revenue.
When he and you mentioned the feds were you talking the USA or Canada Revenue.
Q: I have typically sold my losers and kept my winners, such that I have over $200,000 in unrealized gains against over $50,000 in realized losses. Should I be concerned with this situation? Would the federalistas ever suddenly surprise me?
James
James
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iShares Core S&P 500 Index ETF (CAD-Hedged) (XSP)
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iShares Core S&P U.S. Total Market Index ETF (XUU)
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Vanguard S&P 500 Index ETF (VFV)
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Vanguard U.S. Dividend Appreciation Index ETF (VGG)
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Vanguard U.S. Total Market Index ETF (VUN)
Q: Hi Peter and Team
What Canadian listed ETF would you recommend today for US market exposure for the TFSA of a thirty year old with a long term time horizon? Would your answer be any different if it was for an RRSP where the 15% US withholding tax was not an issue? There seem to be hedged and nonhedged versions of all of them so would you recommend a hedged version now with the USD so strong?
Thank you!
What Canadian listed ETF would you recommend today for US market exposure for the TFSA of a thirty year old with a long term time horizon? Would your answer be any different if it was for an RRSP where the 15% US withholding tax was not an issue? There seem to be hedged and nonhedged versions of all of them so would you recommend a hedged version now with the USD so strong?
Thank you!
Q: I am nearing retirement. Most of my savings is in a non registered account (75% non registered and 25% RRSP). Can you suggest tax efficient ways of managing the fixed income portion of the non registered component? I understand ZBD and BXF are tax efficient. Would you recommend these or do you have any other ideas? MERs are important and I noticed the management fee for BXF is about .2%. With a return of only about 1% does an investment in this make sense?