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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: Can I transfer some BYD.un from my non registered cash account to my TSFA. I would use the max contribution for 2020 or $6,000 I suspect that the moment I transfer then it triggers the Capitol gain on my cash account is my assumption correct ? is there any other way to take cash from TSFA in shares or cash. ?Thanks
Read Answer Asked by Terence on December 12, 2019
Q: Good morning 5i,
Once again thank you for the excellent service and advice that you give so generously. This morning there was a question about putting Boyd into a TFSA. I had been wondering the same thing. But, you mention that you dont really see it as a high growth stock. I imagine I would be better to put Google in, if I want growth. That means another capital gain, however. The beauty of Boyd is that you have to take the cap gain anyway. Getting to be a long story here. But, how would Parklawn compare with Boyd in putting in a TFSA?
thanks
Read Answer Asked by joseph on November 29, 2019
Q: My wife and I are interested in growth possibilities for our 2020 TFSA contributions. Thanks to your previous advice we’ve done very well on SHOP, LSPD, KXS, GSY, CSU. We’re solely interested in tax-free growth in our TFSA accounts and have investing balance covered in other accounts. Considering positive momentum, which of these would you recommend adding to for the most torque?
Alternatively, could you recommend 2-3 other picks you could get behind at this time.
Read Answer Asked by Warren on November 28, 2019
Q: Thanks for your many comments on the securities cited. Currently I hold small positions in both in my TFSA and with the New Year fast approaching, I wonder if I would be best served if I transferred both to my taxable account and increased my contribution room in the TFSA for 2020 and expanded my holdings in the TFSA with other securities next year. Your insights and opinion would be appreciated as always. thanks, Bill
Read Answer Asked by Bill on November 27, 2019
Q: Goodmorning
My wife will be making a contribution to her rrsp this year before it will be turned into a RIFF. She has bam.a in her TFSA would you recommend transferring in kind Bam.a or cash which she also has available in her TFSA and keeping Bam.a in the TFSA?
THKS
Marce
Read Answer Asked by Marcel on November 18, 2019
Q: I'm 21 years old and am planning on making a TFSA portfolio of Canaidan companies (Mostly Blue-chip dividend paying stocks, IE, Banks, Telcos etc....) to buy and hold forever. I'm also planning on adding SHOPIFY in my TFSA and placing BABA in my RRSP. I was thinking XAW in RRSP as well top get american/international exposure, Just wondering your thoughts on this and any advice would be great. Also do you think it's a good idea to invest now or wait for a market correction or just avergae in over time in all of these companies.
Read Answer Asked by Johnny on November 14, 2019
Q: What would be a good company to buy shares in for a teenager for his first investment? It was mentioned before that it increases interest in investing if the teen knows about the company. I was thinking of Costco, Disney, Mcdonalds?
Would you be able to provide a top 3-4 names in Canada and 3-4 in the US as suggestions? Thanks
Read Answer Asked by Marco on November 12, 2019
Q: I’m struggling to decide which 3 of these holdings have the greatest potential if the only criteria was growth in a TFSA for a 5 year + hold.
I would appreciate any thoughts on which 3 you might keep and why (or which 3 you might divest and why).
Read Answer Asked by Stephen R. on November 11, 2019
Q: TFSA question. My wife and I will will retire in 10-15 years. I have a stock portfolio, She will have a good pension and we own our house. As a retirement bonus I had her max her TFSA. The stand alone portfolio is down over the last 2.5 years, took big hits on TSGI, CRH, NFI, COV, LGO that are all now sold but still own PHO, GIL, MX. The other holding are BYD.un, WSP, CAE, KXS, ATD.b, BNS, ATA, CCL.b and 1/2 LSPD. I would like to clean things up and get a better mix of growth stocks to manage for the next 10-15 years. At this time what changes would be logical or just hold as is? I was looking at DOO, PKI, ECN, GSY, SHOP.
Thank you!
Read Answer Asked by Derek on November 05, 2019
Q: I have 5 grandchildren between the ages of 0 and 11. I'd like to buy 5 stocks in my TFSA to leave alone until they are adults. Of course, I will monitor the stocks the same as I do for my other stocks, but the idea is that I would not sell unless there is a big fundamental change, and consider them a small independent portfolio. As the children come of age, the idea would be to sell a little of each I'm thinking SHOP might be an option for one holding. Can you suggest 5 stocks that would be suitable?
Read Answer Asked by Kim on October 28, 2019
Q: Wondering about where to contribute and add to next . I have a TFSA and RSP self directed ( no unreg'd trading accounts )

Started investing in the TFSA 1st so my RSP is far behind it in $ levels . Now that I have contribution room , plus more on Jan 1 should i go with ..

Topping up EMA in my RSP , would be heaviest weighting if so with TD on top right now .
Topping up RY , NFI , MFC or NPI ( all being medium weight with TD and AQN on top )
Or adding BEP or SRU as new holding to either TFSA or RSP , leaning towards BEP myself .

Thanks

Read Answer Asked by Chris on October 28, 2019
Q: Good morning 5i. My TFSA has re-trenched from a high of 108 k down to the low 90k's. My holdings were all good growth stocks but gone are TOY, SIS, NFL P.B.. I will jettison CAE this week. So I'm left with Go Easy, Boyd, and Kinaxis with a lot of cash. I will ad Bama, and Atd.B. Can you suggest 5 more dividend payers with some growth prospects for a 3 to 5 year hold. Many thanks .david
Read Answer Asked by David on October 24, 2019
Q: Are taxes to be paid on all dividends received in a TFSA or only on US $ dividends.

Thanks
Read Answer Asked by Robert on October 17, 2019
Q: I hold the above stocks in my TFSA. Since they pay dividends in USD I plan to journal these holdings to the USD side of my TFSA. Is there any risk that it could be deemed an over contribution by the CRA? I hear of cases where transferring TFSA assets from one account to another causes this over-contribution.
Read Answer Asked by Robert on October 16, 2019
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