Q: Our 19 year old daughter has funds to maximize her first TFSA contribution, and to start contributing to a FHSA. Her profile is conservative. What advice would you give her? Which companies or other instruments do you think she should consider?
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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.
- NVIDIA Corporation (NVDA)
- Royal Bank of Canada (RY)
- WSP Global Inc. (WSP)
- Tamarack Valley Energy Ltd. (TVE)
- Hammond Power Solutions Inc. Class A Subordinate Voting Shares (HPS.A)
- Lumine Group Inc. (LMN)
Q: A family member entering post-secondary school owns these stocks in their TFSA on an approximate equal weighting of $4,000. They have $8,000 to contribute and invest this fiscal.
The objective is growth with some risk; maintenance of capital is a secondary objective.
If allocating in $4,000 increments would you add to one or more of the existing investments or are there one or two you think would be better suited to a young investor over a 3 - 5 year investment horizon?
Thanks so much.
The objective is growth with some risk; maintenance of capital is a secondary objective.
If allocating in $4,000 increments would you add to one or more of the existing investments or are there one or two you think would be better suited to a young investor over a 3 - 5 year investment horizon?
Thanks so much.
- Shopify Inc. Class A Subordinate Voting Shares (SHOP)
- goeasy Ltd. (GSY)
- Topicus.com Inc. (TOI)
- Lumine Group Inc. (LMN)
Q: I have contribution room of $17000, for 2024 due to a cash withdrawal of $10,000 in late 2023. I would like to move the largest portion of this years contribution from my RRIF withdrawal for 2024 with stocks that have performed well over the past, these include, ,topicus, goeasy, first service, wsp, BNS, Td, TFI Int., Almentation couch Tard and Shopify.
At the moment I am looking for an outside opinion from 5i, on the best most profitable to fill my 2024 contribution.
Looking forward to your response.
Rick
At the moment I am looking for an outside opinion from 5i, on the best most profitable to fill my 2024 contribution.
Looking forward to your response.
Rick
Q: Hi Peter, Can i transfer stocks from RESP to kids TFSA account without selling and rebuying?
- Intel Corporation (INTC)
- Texas Instruments Incorporated (TXN)
- Spirit Aerosystems Holdings Inc. (SPR)
- Transdigm Group Incorporated (TDG)
- GSI Technology Inc. (GSIT)
- Taiwan Semiconductor Manufacturing Company Ltd. (TSM)
- Heico Corporation (HEI)
- RTX Corporation (RTX)
Q: Would these be good candidates for a TFSA ?
- WSP Global Inc. (WSP)
- TerraVest Industries Inc. (TVK)
- Hammond Power Solutions Inc. Class A Subordinate Voting Shares (HPS.A)
- Aritzia Inc. Subordinate Voting Shares (ATZ)
- Topicus.com Inc. (TOI)
Q: Which 3-5 Canadian stocks would you be buying with your TFSA & FHSA contribution?
Thank you
Thank you
Q: Happy new year: today there was a question from a person that wanted to move “in kind” from a rif to a tfsa. What is the advantage to this move? My first thought is that a full amount of taxes would be held back when closing the rif?
Thanks
Thanks
- Toromont Industries Ltd. (TIH)
- Premium Brands Holdings Corporation (PBH)
- Hammond Power Solutions Inc. Class A Subordinate Voting Shares (HPS.A)
- Topicus.com Inc. (TOI)
- Lumine Group Inc. (LMN)
Q: Do you have any timely and suitable names for my TFSA contrib this year? I tend to buy things that are quite growthy in my TFSA. As such its already chock full of technology. Open to US or Canuck names but they need to be quite liquid. Happy New Year
Q: I have a number of quality companies/stocks in my non registered cash account which are below my initial purchase price. Am I correct that transferring into my TFSA will trigger the capital loss? If so, any down side I should be contemplating? I have sufficient room within the TSFA.
Q: No rush to answer
My intent is to use from my investment account into my TFSA either one of the following TFII or GSY.
Which one of these two would you transfer to a TFSA or would you use a combination of both?
Thks
Marcel
My intent is to use from my investment account into my TFSA either one of the following TFII or GSY.
Which one of these two would you transfer to a TFSA or would you use a combination of both?
Thks
Marcel
- Thomson Reuters Corporation (TRI)
- Brookfield Asset Management Ltd. Class A Limited Voting Shares (BAM)
Q: TFSA Investment with 10,000.00 to invest January 1/24.
What stocks Canadian would you recommend with hold 5-10 years earning good dividend rate.
Harold
What stocks Canadian would you recommend with hold 5-10 years earning good dividend rate.
Harold
- iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ)
- Vanguard S&P 500 Index ETF (VFV)
- S&P 500 ETF TRUST ETF (SPY)
- INVESCO QQQ Trust (QQQ)
- Vanguard Balanced ETF Portfolio (VBAL)
Q: Hello 5i,
If you were to start a 15,000 USD TFSA which 3 funds would you start with?
Thank you
D&J
If you were to start a 15,000 USD TFSA which 3 funds would you start with?
Thank you
D&J
Q: Hello 5i
My TFSA needs some torque - can you recommend three US growth stocks and three Canadian growth stocks that you find compelling to buy today for a 3-5 year hold?
They do not need to be sector or risk specific.
Thanks so much - very appreciated!
My TFSA needs some torque - can you recommend three US growth stocks and three Canadian growth stocks that you find compelling to buy today for a 3-5 year hold?
They do not need to be sector or risk specific.
Thanks so much - very appreciated!
Q: Re: Jean's question about moving loose cash (presumably a smallish amount) out of the TFSA before year's end.
It makes sense to me if in 2024 I intend to make a contribution in-kind from my non-registered account. That extra bit of contribution room will enable me to transfer a greater quantity of stock to my TFSA, thereby putting that loose cash to good use.
Chris M
It makes sense to me if in 2024 I intend to make a contribution in-kind from my non-registered account. That extra bit of contribution room will enable me to transfer a greater quantity of stock to my TFSA, thereby putting that loose cash to good use.
Chris M
Q: According to Dale Jackson on BNN Bloomberg today, it's a good idea to withdraw loose cash from the TFSA account before year end in order to add the amount to next year's contribution? Please explain because I don't see how moving cash out to put it back would be interesting.
Thanks
Thanks
- Adobe Inc. (ADBE)
- Alphabet Inc. (GOOG)
- NVIDIA Corporation (NVDA)
- Constellation Software Inc. (CSU)
- ATS Corporation (ATS)
- Shopify Inc. Class A Subordinate Voting Shares (SHOP)
- Axon Enterprise Inc. (AXON)
- Brookfield Corporation Class A Limited Voting Shares (BN)
- Lumine Group Inc. (LMN)
Q: Dear 5i
Could you rate in order of preference the listed stocks for inclusion into a TFSA account . Are there any other stocks you might include on this list that are good at this time for a TFSA account ?
Thanks
Bill C
Could you rate in order of preference the listed stocks for inclusion into a TFSA account . Are there any other stocks you might include on this list that are good at this time for a TFSA account ?
Thanks
Bill C
Q: WHAT ARE THE DIFFERENCES BETWEEN CANADIAN TFSA AND US TFSA TAXES AND ETC.? AND REASONS FOR PICKING ONE OVER THE OTHER?
Q: Hi 5i,
I understand each investor has their own idea of risk but I would be interested in getting your thoughts. In regards to small caps stocks I believe I choose quality at an attractive price with a plan to hold forever (of course they don't always work out and I may eventually sell them). I struggle with whether to buy them in my TFSA and/or NonReg account. TFSA is great if the stock appreciates dramatically and the NonReg is great if I pick a loser and I sell it for a capital loss. Can you perhaps provide some words of wisdom how one can approach this dilemma. Thanks
I understand each investor has their own idea of risk but I would be interested in getting your thoughts. In regards to small caps stocks I believe I choose quality at an attractive price with a plan to hold forever (of course they don't always work out and I may eventually sell them). I struggle with whether to buy them in my TFSA and/or NonReg account. TFSA is great if the stock appreciates dramatically and the NonReg is great if I pick a loser and I sell it for a capital loss. Can you perhaps provide some words of wisdom how one can approach this dilemma. Thanks
Q: Hi 5i Team - I am interested in buying more U.S. stocks and have a non-registered U.S. dollar account as well as a TFSA account in Canadian dollars. Are there any concerns over buying U.S stocks in the TFSA account? eg. Are U.S. capital gains and dividends still tax exempt in a the TFSA. Any advice as to preferences re which account to use would be appreciated.
- Amazon.com Inc. (AMZN)
- Costco Wholesale Corporation (COST)
- Alphabet Inc. (GOOG)
- Visa Inc. (V)
- Constellation Software Inc. (CSU)
- S&P 500 ETF TRUST ETF (SPY)
- INVESCO QQQ Trust (QQQ)
- Brookfield Corporation Class A Limited Voting Shares (BN)
Q: Hi Team,
For an 18 year old who just opened their TFSA and starting with $6500, what stocks or ETFs (CDN and/or US) would you start with? There are no trading fees so there is no worry to buy 10 names if that is the best way forward.
Thanks
For an 18 year old who just opened their TFSA and starting with $6500, what stocks or ETFs (CDN and/or US) would you start with? There are no trading fees so there is no worry to buy 10 names if that is the best way forward.
Thanks