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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: If an investor is comfortable with owning a stock at it's current price but wants to utilize a tax loss, they can sell the stock and then write a January put option on the sold holding. They collect the premium and if put the stock, have a lower adjusted cost base. If they are not put the stock, they can choose to buy it back or not.

Read Answer Asked by Gregory on November 03, 2015
Q: Hello,

I have all this stocks down.
FM -72%,
G -38%,
GSY -22%,
HCG -30%,
QST -84%,
SGY -63%
TOU -52%

The question is do I sell them (for tax purposes) and hope they will be around the same price in 30 days? buy some replacement now? which ones? or let them go because they are out of favor and move to something else? What do you recommend?

The amount to invest is aprox 200K.

Thank you
M
Read Answer Asked by Marios on November 02, 2015
Q: hi guys. husky will issue its dividend in common shares this quarter. what are the tax implications for shareholders. stephen
Read Answer Asked by Stephen on October 30, 2015
Q: Re your comment to Murray on tax loss selling bargains. Seems like PLI made a significant move following FDA approval of one of its research streams yesterday. IT and AVO have made significant moves off their respective lows recently on no news that I see. Could this be the end of their tax loss selling season, isn't it a bit early? When would you normally look for these 'bargains'? Is this a reasonable strategy to pursue?
Thanks again Peter
Read Answer Asked by Peter on October 29, 2015
Q: Hello 5i,
STP went into receivership in May of this year.
I have shares still showing in my account with a value of $0.
I have not been involved with a company that has gone into receivership before, so my question is how do I declare a loss on these shares if they cannot be sold?
Post if you think this is beneficial to other members.
Regards,
Read Answer Asked by Randy on October 27, 2015
Q: When does the tax loss selling start (usual date)and when does it finish?
Thanks
Read Answer Asked by gilles on October 27, 2015
Q: Do you preceive that there will be less tax selling this year due to the volitility of the markets for the last 10 months.
Read Answer Asked by Ross on October 23, 2015
Q: Tax related question after reading various post about stocks in different accounts.
If I buy a stock in a non-registered account and then buy the same stock at a different price in an RRSP or TFSA, no dollar cost averaging will take place here right? It is safe to say it only happens when a stock is bought at different prices in a non registered account?

thanks,

Paul
Read Answer Asked by Paul on October 23, 2015
Q: A follow-up to the discussion on the ACB of stocks held in multiple accounts: the real complication, here, is if some of your funds are managed professionally. It's by no means unusual that, acting independently and at arm's-length, both you and the money manager have taken positions in the same security. However, your money manager's end-of-year documents will pretend that only they own shares. Conversely, for you to integrate their cost-of-shares into your own end-of-year documents has the potential to get obscenely complicated, and (since the money manager doesn't reciprocate) pointless, to boot. I've never heard of the CRA complaining about reporting ACB separately for separately-managed accounts. After all, it would only create make pointless (i.e., unremunerative) work for them, too.
Read Answer Asked by John on October 21, 2015
Q: Hello 5i,
Regarding your response to Kenneth today: Not quite like that. The adjusted cost base is the AVERAGE cost of ALL the shares owned, in all non registered accounts.

Does this include tfsa accounts and corporate accounts?
I would think corporate accounts would be separate and as there are no capital gains or losses in tfsa accounts I would think they are separate as well?
Read Answer Asked by Randy on October 21, 2015
Q: If I move a stock (in kind) from my unregistered account into my TFSA when I am underwater on that stock can I claim a tax lose for the "disposition" of the stock or how do I treat it at tax time. Thank you.
Read Answer Asked by Edward on October 21, 2015
Q: Hello,
Starting out here and great to see all this information. One question that I could not find in the archives was regarding software. I would like to follow one of your model portfolios and is there an online program that would be best for managing the allocation and reinvesting dividends, especially since my portfolio is currently small (50-75K)? Ideally, this program would also derive holding percentages from my multiple accounts. I am currently using bmoinvestorline.com for TFSA and RRSP accounts in Canada; vanguard.com for a ROTH IRA account in the US. Also, about your question-answer service, do you provide responses to questions I might have pertaining to cross-border investment taxing/strategy?
Read Answer Asked by Henry on October 20, 2015
Q: Hello 5i team,
If you can answer this, if I have a stock in two different accounts that are down, if I sell all the shares in one account but none in the other account and do not purchase any more for thirty days, can I claim a tax loss on the sold shares, or would I have to sell all the shares in both accounts?
Thanks
Ken
Read Answer Asked by kenneth on October 20, 2015
Q: Re your answer to j.j.p oct. 18 question-tax loss :It does not matter which account you repurchase the holding in, if it is within the 30 day period, it cancels any tax loss claim.
I have coporation and personal accounts.Is your answer will be same?
Thanks for your great service
Read Answer Asked by manochehr on October 19, 2015
Q: Just to clarify the tax treatment re: BPY.UN distributions. I have held the TSX listed BPY.UN, BEP.UN and BIP.UN for a long time in a taxable account and there are no US withholding taxes withheld on the distributions. The distribution is taxed differently than a straight dividend (via the T5013) however. If you held the US listed stocks I think there would be a US withholding tax. Hope this helps.


Read Answer Asked by Gary on October 13, 2015
Q: I have held Brookfield Property in my RRSP since 2013 and have never seen a withholding tax: the Sept.30 distribution was a full 34.9 cents C$ per unit though you may elect to receive this in US$. Since the company is Bermuda domiciled, like BIP, it probably escapes US tax, but if owned in a cash account I'm sure it would attract a T5013 to complicate your life and probably some withholding tax from some tax entity.
Read Answer Asked by Jeff on October 13, 2015
Q: I am contemplating buying some common and preferred shares in utility type companies for dividend income. I understand the Liberals if elected may possibly make changes to taxation of capital gains. Have you heard or have thoughts whether they may also target the favourable tax treatment of dividend income as well?
Read Answer Asked by Gary on October 13, 2015
Q: We are both retired but still eligible to contribute 5000$ to a Quebec sponsored workers fund (FTQ) this year and get a refund on our income tax bill at the end of the year.
The funds have to be held 3 years.
Shall we contribute more or just transfer this holding to our Disnat account?
Thanks,
Serge Lacroix
Read Answer Asked by Serge on October 13, 2015
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