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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: 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
Q: Can you transfer shares in kind to a TFSA, and if so does that action trigger a capital gain at the time of transfer?
Read Answer Asked by Robert on October 09, 2019
Q: Hello. Looking for a recommendation in the telecomm, materials, and energy sectors. Can you also let me know if you see them as more stable companies IE better fit for my RRSP, or have the potential for higher growth so maybe a better fit for a TFSA? Im 40 so long runway ahead and ok with some volatility for the sake of growth over time.
Read Answer Asked by Ryan on September 23, 2019
Q: Hi 5i,
Hold the above companies in my TFSA ($30,000). % holdings around 10% for each, except CAE, OSS TRI, AD which are 3% - 5%.

Looking to deploy $5,000. Looking at d-un, dir-un, Telus & Fortis.

Safety and Income preferred, as in mid 60's. I would certainly welcome any other suggestions.

Thank You.


Larry
Read Answer Asked by Larry on September 05, 2019
Q: This is regarding Douglas' question today about selling US listed stocks held in an TFSA. It is my understanding that any buy and sell in an TFSA account, Canadian or US listed, are not subject to tax, and has no bearing on next years's contribution room as long as there is no withdrawal. Please clarify. Thanks
Read Answer Asked by Willie on August 22, 2019
Q: Regarding TFSAs and the withdrawal rule. (I have asked my broker and researched the CRA site, unsuccessfully).
If I transfer an inter-listed Canadian stock to the US registry, and then sell it, what is the contribution room in the following year? Is it the C$ equivalent of the sale, at the time of sale, or the C$ amount at the time of transfer, or the C$ equivalent of he sale proceeds at the time of re-investing? And what exchange rate would be used...…..bid, ask, or middle?
Read Answer Asked by Douglas on August 22, 2019
Q: My wife sold three longtime holdings in her RSP to free up some cash for future promising purchases. The next day she purchased the same stocks from her cash balance in her TFSA. Are there any particular implications to doing this that she should be aware of, other than usual portfolio diversity and weightings.
Read Answer Asked by John on August 15, 2019
Q: What portion of the dividend is withheld from US stocks in your TFSA and is there any tax consequences with that
Read Answer Asked by Greg on August 12, 2019