Investment Q&A

Q: there are often questions about replacing positions in a TFSA by way of transfer outs. but then there is mention that there will be a need to wait until the next year to contribute to the TFSA to replenish for this transfer out.
just want to say, to get around this waiting period, I transfer in cash or security one day for the slightly more than I expect to transfer out and then the following day, transfer out the position and then the following day, make an adjustment for the difference between the the transfer in amount and the transfer out amount.
for me, been doing this for some time, aka years, and all is well.....just a heads up but use you own judgment .....Tom

Q: would BAM.A be better in a TFSA or RRSP?

Thanks

Q: Good morning, could you highlight the types of investments and how best to acquire them, that are most ideal to be held in TFSA to minimize any foreign tax issues.

Q: For these three companies, would they be good candidates for the TFSA, knowing they are smaller capitalization entities? And if so, what order would you suggest doing so or all somewhat equal.
......Thanks....Tom

Q: Hi guys. First, thank you for the great advice and it is a pleasure to belong to 5i Research. Based on percentage, how much US or foreign stock/ETFs can I have in my TFSA without having tax implications when I sell? Or, are there no tax implications because the investments are in a TFSA? Thanks.
Mike

Q: TFSA QUESTION

Please confirm

daughter born nov 2001.
no contribution to date.
Her contribution room total for 2021 is 18 000 ?

Ernie

Q: Can BTCC.B be held in a TFSA?

Q: My daughter is starting a TSFA account. I have suggested the following for a long term hold:
One of these 3 banks BNS, TD, or RY; FTS, CNR, BAM.a, WSP, JNJ, & VGG. You thoughts on these picks and any suggestions you might have.
Thank You,
Earl

Q: I have all three currently in a taxable account and about to transfer something into a TFSA. Would you have any preference over these three great companies at the moment for that?
thanks

Q: Hi, I would like to add one more security to my TFSA account and I already have the following KXS, SHOP, REAL, GSY, LSPD, WELL (thank you!). Can you please suggest one more name (either US or Canada) without worrying about sector or risk. I have other securities in RRSP.

Q: Question regarding investing in a US dollar TFSA. Are returns taxable in any way? And if so are these deduction at source before generating into the tfsa? If there are consequences, what is best inside the US tfsa, dividends or capital gains. Deduct as needed

Q: Re (Arthur Q from 9 Feb 21): "Am replenishing my wife's empty TFSA with CAD.76,000 from home loan 2.95% p/a variable".

I might add that the cost to borrow $ is not tax deductible if the money is invested inside a TFSA.
SP

Q: Isn't Sandy about to exceed the cumulative total TFSA limit?

Q: Hi: My daughter is self employed and puts excess profits into her TFSA, to pay herself forward. In other words she pays herself so much per month. As another big commission cheque arrives she puts that toward her future monthly income, so that no matter what happens, ie slow sales, then she is prepaying herself into the future. She has accumulated over 50K now with the $$ just sitting in a very low interest savings account and not making much in interest.
Do you have any suggestions towards putting this into a low risk ETF or Blue Chip Stock or other suggestions? If so, what percentage in each? A portion could also go into a slightly higher interest fund. Any other suggestions you might have would be greatly appreciated.
Thanks. Ken ...

Q: I have approx. $90,000 to deploy into my husband’s TFSA. He is 66 and has not been taking advantage of the benefits of a TFSA. Can you please advise me of 12 stocks, and the weighting for each one, that you would highly recommend to get us off to a good start and continue to grow his TFSA. I’m ok with sensible risk. Thank you so much!!

Q: Hi team, I need to move some shares in-kind from a registered account to my TFSA, in which order would you move the above into the TFSA. Which ones have the greatest growth potential over the next 5 years. I have quite large capital gains in all of these stocks so I am trying to minimize capital gains as I transition these stocks over time into my TFSA
Thanks

Q: I transferred TFSA $25,000 Canadian to my US TFSA which I had never used. I received about $19,000 US. In my Canadian activity account it says transferred out $25,000. Do you know if we can transfer in and out between accounts as many times as we want and it is not considered
a withdrawal. You can’t get through to the CRA
ever so I am wondering if your team knows the answer. Thank you.

Q: Hi,
If I wanted to sell all of the holdings I have in my TFSA - would I be able to reinvest the accumulated amount available again at a later date.- I believe it is $ 75500.00 up to 2021. I have not invested using the 2021 amount yet - if that matters.
If you could give me an overall review of it or even a reference link - it would be much appreciated.
Thanks

Q: Due in no small part to the advice received from 5i, I find myself in the enviable position of having capital to deploy freely. For a TFSA, what would be 5 of your top growth picks today?
Thanks for all you do.

Q: I have held RCI.B in my TFSA for some time. There has been no growth but a small dividend. Should it be sold to make room for some growth in my TFSA or be patient? If your recommend sell RCI.B, please suggest a couple of high growth replacements. Would MG be a suitable replacement?