Investment Q&A

Q: I own 10,00 of this stock previously known as IM:CA, now known as CUSIP45322N105:CA. I don't know how to sell this holding so I can claim the capital loss. Please advise. Thanks, Rob.

Q: I am down 28% and 19% on these 2 stocks.For tax loss selling which one or both would you suggest selling?Or neither.Thanks.

Q: Morning ... well the 'cat is out of the bag' much to my dismay our 2016 TFSA contribution will be back to the $5500 limit ...an added * was that 2017 would have inflation written into our limit amount. Basically that is how we got $5500 from $5000 was because of inflation. My question is would I be correct in presuming that 2017 may go up $500 ? and also if I sell from Non registered now can I buy the same stock in TFSA on January 4th or do I have to wait 30 days. TY for all you do during these most troublesome times.

Q: Hello -

Is there any issue in investing in this (type of) company within an RESP?

Thanks.
Jim

Q: hi Peter

Can you give us a few names in sectors outside oil& gas that you would pick up during this tax loss selling season.

Thanks Gord

Q: Suggest sell the 350 ECI & leave the proceeds inside the RRSP. There is no tax at your marginal rate on the $5600. Keep cash until something diverse comes along.
Borrow funds in your margin a/c to purchase 350 ECI. Interest on this trade would be tax deductible.

Joe

Q: A comment on Jimmy's question. As probably he might know,the 10% is only withholding tax, transferring securities from his RRSP to his son's account will be subject to taxation at his marginal tax rate on the full value of the transfer. He may have to pay extra or get back some money depending on his tax situation for the year of transfer. He may also consider selling the security in his RRSP take the money and buy the security back in his son't account, that if commission is less than the $ 50 charged to transfer the security, however he has to be aware of price fluctuation which may benefit or cost him extra. Hope that helps.

Q: Hi Team. Roland asked (Dec 3) about capital loss in one account but having the same security in another account creating an above cost ACB. Did he/you mean 2 non registered accounts?? or does this mean that having the same security in a TFSA or RRIF and a non registered will null and void a capital loss (and create a gain) if one of the accounts creates and above cost??? In other words, I have several securities in 2 or even 3 accounts (TFSA, RRIF and Non Reg) that I have shaved for loss or gain throughout the year. Much thanks for all you do!

Q: Hi Peter & Team: Your answer to Roland Dec.3, does the average ACB apply to cash & register accts? Thank you and wish you all have a wonderful X'mas time!

Q: i was thinking of selling autocanada for a tax loss and repurchasing it 30 days later, what is your opinion fo that strategy.

Q: Hi Peter
I am thinking of tax loss . I am down quite a bit on this company and trying to recoup with tax loss . High Artic energy ,Peyto and Shawcor are also candidates for a tax loss .which would you let go ? Or should I dump my preferred enbrige shares ? Do any of these have hope in the near future ?
Candi

Q: I have the same security in 2 individual trading accounts. In one account my price is below cost so if I sell I trigger a capital loss. However I am above cost on the average of the two accounts. How does that figure for claiming a capital loss?

Q: Hi Peter & Team,

Thanks to 5i, my gains in BYD.UN are substantial, and I was thinking about some tax loss selling to lessen my tax bill.

The stocks that I hold in my margin account that are down are:
WCP (-26%)
BOS (-15%)
BIN (-14%)
TMA (-12%)

Which of these (if any) would you suggest for tax loss selling purposes, and which (if any) would you buy back after 30 days? I am considering deploying the proceeds from the sale into a money market ETF for the 30 days, but perhaps there is a better approach.

I realize that any selling decision should be driven by investment considerations, but I've never done any tax loss selling and want to "do it right".

Since this is a rather long question, please feel free to use more than one question credit. As always, thanks for your valuable advice.

Q: Recently you endorsed selling options in a TFSA. I am wondering whether there are any drawbacks with selling options for U.S. companies in a TFSA? thanks for the great service
claire

Q: I am wondering about the timing of tax loss selling for individual investors. I know that this year it has to be done on or before Dec 24. I wonder if its best to wait until the last week so as not to get caught in the downdraft of tax loss selling of large institutional investment companies. Is there any "basic strategies" you can suggest?
I have a few I'm considering : sell PPL/buy TRP. sell AFN/ buy AGU, sell MG/buy MRE, sell CS/buy LUN (or stay away from commodities)
Appreciate your comments

Q: Peter and Team:
I would like to sell comdev and realise a tidy 25% gain (Thank you very much). To offset this I would like to sell one of four equivalent $ value losers. EFN, CXI, BOS, or TFI.

Regardless of sector weighting in my portfolio could you please suggest the best candidate, and whether I should repurchase in 30 days or move on to something with more upside. (Long horizon portfolio)

Thanks

Phil

Q: From your response to Jim's question this morning, MAW150 looks quite good. I need some education on tax issues. I could either add to my TFSA in January or a fully taxed self-directed account. Can you advise on the the tax issues for each account?

Q: Hi Peter & Team: Thank you for your reply re VSN, GWO & ZDV. My goal in all my portfolios is to let it grow and minimize cap gain and div tax if possible. I don't need income from it. Would your reply be still the same.

Also, the credit points in my account will be reset on anniversary date or it remains?

Thank you and have a good week-end.

Q: I own shares in a stock that has been delisted. Is there any way to claim a capital loss on it at tax time?

Q: I saw this article and feel it may be of interest to some members:

http://www.collinsbarrow.com/en/cbn/publications/steps-entrepreneurs-can-take-under-the-justin-trudeau-government-tax-flash#.VjjOoZC6m2g.linkedin