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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: Regarding my question on whether I could use realized capital gains from my TFSA stocks to purchase 2018 TFSA contributions, I realize that the limit for 2018 is $5,500. It was not my intention to exceed the llimit. If I realize capitalize gains in my TFSA can I not use the cash to buy anything I want, (for example a new TV)? Why then can I not use this cash to contribute to my 2018 TFSA to the maximum of $5,500? I did try to find an answer to such a questions in the CRA website and other websites but nothing answered this type of question. Thanks again.
Read Answer Asked by Cheryl on January 22, 2018
Q: Hi Peter,
I have been researching answers from 5i on TFSA's. I am looking for a little help to define criteria for growth stocks in a TFSA.
Using TFSA for growth only
Using RRSP and Non-Reg accounts to balance portfolios (including consideration for TFSA)
In a growth model TFSA, is the TFSA to contain a "mix" of sectors or just the best growth stocks available (in recent history this would be almost all tech stocks)?
If you were to select 10 growth stocks from Canada and the USA, what would those 10 stocks be (ranking if possible) at this time?
Is a US stock without dividends the same as a Canadian stock in an TFSA.. i.e. not subject to any taxes or capital gains yearly or when cashing in the stock?
Our assumption is that we are missing out on growth potential if we do not have high growth US stocks in our TFSA. Should we be adding US tech stocks now?

Please take the number of points that are appropriate to answer our question.
Thank you for your great service.

Jerry and Debbie


Read Answer Asked by Jerry on January 22, 2018
Q: When an 18 year old opens a TFSA this year is the maximum contribution $5500.00 or $57500.00 ? thanks James
Read Answer Asked by JAMES on January 22, 2018
Q: Hello. This is my very first question. My question pertains to whether a realized gain from selling a TFSA stock can be used to contribute to the new year's TFSA contribution limit? (Rather than have to come up with new cash from other sources?) I currently have an $18K unrealized capital gain Thanks for all your help!
Read Answer Asked by Cheryl on January 21, 2018
Q: Can you recommend you top five growth stocks for my TFSA. I would like to take full advantage of tax free growth in this account. Rest of my portfolio is well balanced in my other registered and non-registered accounts. Time frame is 5 to 10 years.
Read Answer Asked by Vineet on January 15, 2018
Q: I am setting up an all ETF portfolio for a 20 yr plus holding period and I have a two-part question. The first part concerns the makeup of the Canadian/US component. Is it better to go with a combination of SPY and XIC or would including CDZ and VIG provide stability and perhaps a bit more growth to the mix (keeping in mind that I intend to hold at least 5% of each but don't need income yet)?

Secondly, I am looking for higher risk assets for my TFSA. I was thinking of IWO. I know that there are specialized sectors I could include but I looking for a fairly hands-off approach. Do you think this approach would serve me well - I know that it is only one asset type - or is there a better mix out there that would still be quite manageable?

Appreciate your insight.

Paul F.
Read Answer Asked by Paul on January 10, 2018
Q: Hello,

I have some cash in my TFSA, and I am interested in buying a stock with good growth in capital and dividend appreciation. I am a long term investor.

Currently in my TFSA, I have FAP, CHW, NEPT, PHO, SIS and S.

I am looking at TWM, Tidewater Midstream and Infrastructure.

What do you think of TWM? Or do you have a better recommendation?

Thank you very much.
Marc
Read Answer Asked by Marc on January 09, 2018
Q: At the beginning of each year I like to invest in my tfsa first as I feel its the best investment vehicle I have. But my portfolio is very Canada heavy due to some selling at the end of the year. So I have a bit of dilemma in that I have funded my tfsa but the stocks I'd like to buy are american for diversification reasons. I do have a few Canadian stocks I'd like to buy but it will only add to my lack of geographic diversification. But I know my tfsa is not the best location for US stocks from a tax efficiency point of view. So my question is, what do you think is more important? Adding geographic diversification right away (buy a US stock in my tfsa) or the tax efficiency of my portfolio (Buy Canadian Growth and buy US later in the year).
Read Answer Asked by Adam on January 08, 2018
Q: My 20 year old contributed $21k to his TFSA in July, purchasing roughly equal amounts of KXS, PHO, SIS, TOY and PUR. He just sold his PUR shares and now has about 26% of his now $27.6k portfolio in cash. KXS represents about 14% of his portfolio (down approx. 8% from July), PHO 20%/+33%; SIS 17%/+14% and TOY 23%/+43%. Are there one or two names you could suggest to add to his portfolio? Or would he better off maybe topping up a couple of his current holdings (KXS? SIS?). This is for a long term hold. Love your service. Thanks.
Read Answer Asked by Bruce on December 15, 2017
Q: I am an Alberta resident and in a low (15% federal rate) tax bracket and have the option of placing my $US investments in my TFSA or a regular investment account. Recognizing the 15% US withholding tax but also the foreign tax credit against Cdn tax owed, which account is preferable from a current income perspective?
Read Answer Asked by Jim on December 11, 2017
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