Q: iI have about $8,500 to invest in TFSA;'a what should I invest int?? Pretty balanced otherwise.
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Investment Q&A
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- CGI Inc. Class A Subordinate Voting Shares (GIB.A)
- Dollarama Inc. (DOL)
- Descartes Systems Group Inc. (The) (DSG)
- Kinaxis Inc. (KXS)
- Open Text Corporation (OTEX)
- Thomson Reuters Corporation (TRI)
- Nuvei Corporation Subordinate Voting Shares (NVEI)
Q: I have space for 3 growth stocks in my TFSA. Looking at various sources, I found the above suggestions. Ideally, I am looking at 15-20% or more of annual earnings growth for the foreseeable future. How would you rank the above stocks, without regard for sectors, with a short explanation for the top 3. Also, any other suggestions? Thanks.
Q: Hi Peter/Ryan when transferring shares from a Margin account to a TFSA is it better to make a transfer in kind or to sell in the margin account and take the cash to buy in the TFSA. In my case there is a gain in the stock in the margin account. Thanks, Nick
- Constellation Software Inc. (CSU)
- Descartes Systems Group Inc. (The) (DSG)
- Kinaxis Inc. (KXS)
- Shopify Inc. Class A Subordinate Voting Shares (SHOP)
- CI Tech Giants Covered Call ETF (TXF)
Q: Good day all!
We currently have the above stocks on the tech side of our registered and non-registered portfolios. Looking to bring our portfolio in balance with recommended weights.
Can you please suggest 2 new stocks each for non registered and TFSA account that are good buys now. Dividends welcomed but not necessary.
Thank you
Roger
We currently have the above stocks on the tech side of our registered and non-registered portfolios. Looking to bring our portfolio in balance with recommended weights.
Can you please suggest 2 new stocks each for non registered and TFSA account that are good buys now. Dividends welcomed but not necessary.
Thank you
Roger
Q: Where to hold Bonds? As I am winding down my income producing years and shifting to drawing down my savings I am wondering where I should hold bonds. We currently hold no fixed income as we will get a pension from my wife's work when she retires( so historically considered that out fixed income). Bonds haven't really been on my radar with rates so low the past 10+ years but things are changing both in terms or yield and my investment needs. I have 4 options to stash some bonds TFSA, RSP, unregistered and within my Inc. I more or less have things in the right place currently with growth in TFSA, US in RRSP and CAD in unregistered accounts. My plan was to sell some USD large caps once the steam runs out of the current rally and buys some high grade corporate bonds, in or around 10-15% of my portfolio. A bit of the old traders strategy of sell in may and walk away...
So to circle back, the easiest place to do it would be in my RRSP, but some of the reading I have done has suggested I do it in my TFSA as I can get the yield out of the TFSA tax free account at any time instead of locking it in the more restricted RRSP accounts. Shifting the TFSA from growth to income also seems like an appropriate move at this stage nearing retirement ( me semi-retired, my wife in 4 years or less). The 3rd option I am considering is doing it in my INC and using the yield to " pay the bills" so to speak of keeping the Inc cash flow positive as my earning drop with me working less.
So to circle back, the easiest place to do it would be in my RRSP, but some of the reading I have done has suggested I do it in my TFSA as I can get the yield out of the TFSA tax free account at any time instead of locking it in the more restricted RRSP accounts. Shifting the TFSA from growth to income also seems like an appropriate move at this stage nearing retirement ( me semi-retired, my wife in 4 years or less). The 3rd option I am considering is doing it in my INC and using the yield to " pay the bills" so to speak of keeping the Inc cash flow positive as my earning drop with me working less.
Q: Hi 5I
I still have my 6500 in my Tfsa
What’s your recommendation, doesn’t matter
about risk or sector
Thanks again
Maurice
I still have my 6500 in my Tfsa
What’s your recommendation, doesn’t matter
about risk or sector
Thanks again
Maurice
- Kinaxis Inc. (KXS)
- goeasy Ltd. (GSY)
- GDI Integrated Facility Services Inc. Subordinate Voting Shares (GDI)
- Aritzia Inc. Subordinate Voting Shares (ATZ)
- Dye & Durham Limited (DND)
Q: What are your top 5 Canadian growth small cap picks for a TFSA? and why (what makes each of them worthy)?
- AbbVie Inc. (ABBV)
- Bank of Montreal (BMO)
- TELUS Corporation (T)
- Vanguard Growth ETF (VUG)
- Brookfield Corporation Class A Limited Voting Shares (BN)
Q: I asked this question yesterday but I don't see it in the 'My Questions' section, so I ask again. I want to add a dividend growth company or ETF to my kids RESP with a 5-10 year time horizon. I already have T, BMO, and ABBV in other accounts. What do you recommend from the 5i Research stock and ETF universe as a good buy now with plans to add over time? Thank you.
Q: When managing multiple TFSA accounts, the rules are not always clear. Could you please let me know if my interpretations are sound.
I have two self-directed TFSA accounts with an on-line broker. My understanding is that the total amount I can contribute to both accounts in a year cannot exceed my available TFSA contribution room for that year.
Am I correct in assuming that the following scenarios are allowable and have no tax consequences:
- Contribution room created by withdrawals from one TFSA account in the previous year could be used to make contributions in either or both TFSA accounts.
- Holdings can be transferred from one TFSA account to the other account at any time without the need for contribution room, as long as it is moved directly from account to account by the broker.
Thanks.
I have two self-directed TFSA accounts with an on-line broker. My understanding is that the total amount I can contribute to both accounts in a year cannot exceed my available TFSA contribution room for that year.
Am I correct in assuming that the following scenarios are allowable and have no tax consequences:
- Contribution room created by withdrawals from one TFSA account in the previous year could be used to make contributions in either or both TFSA accounts.
- Holdings can be transferred from one TFSA account to the other account at any time without the need for contribution room, as long as it is moved directly from account to account by the broker.
Thanks.
Q: Hi,
I know this is a very very "personal' question! If Peter et al don't feel like answering this personal question. I would understand it totally!
How is this team employing or planning to invest their 6500 $ TFSA contribution this year?!
Sorry about the tease.....
Mano
I know this is a very very "personal' question! If Peter et al don't feel like answering this personal question. I would understand it totally!
How is this team employing or planning to invest their 6500 $ TFSA contribution this year?!
Sorry about the tease.....
Mano
Q: I like the high dividend paying shares of NYMT. Do you see any reason for a Canadian like me to pass on buying it for my RRSP.
After some research it seems to me that I would not pay tax on the dividend payout received in an RRSP. Can you verify that?
Other well respected dividend paying shares such as Bell (BCE) and Enbridge are Canadian companies so I could hold them in my TFSA without any tax implications. I am also noticing CM (Cibc) for long term RRSP or TFSA hold. BNS.TO, Also Telus KEY.To, Hydro one I won't mention Rogerw because I just don't like the way they do business. VDY.To. ZWP.TO covered call ETF. ZWE.TO is another one.
looking to get creative and make my own portfolio but not to proud to buy an ETF for income. I know you have an income portfolio I appreciate that and will look through it again. Looking for feedback for this strategy. I am a 50 year old Canadian citizen living in Canada looking for long term holdings.
Happy New Year - all the best.
After some research it seems to me that I would not pay tax on the dividend payout received in an RRSP. Can you verify that?
Other well respected dividend paying shares such as Bell (BCE) and Enbridge are Canadian companies so I could hold them in my TFSA without any tax implications. I am also noticing CM (Cibc) for long term RRSP or TFSA hold. BNS.TO, Also Telus KEY.To, Hydro one I won't mention Rogerw because I just don't like the way they do business. VDY.To. ZWP.TO covered call ETF. ZWE.TO is another one.
looking to get creative and make my own portfolio but not to proud to buy an ETF for income. I know you have an income portfolio I appreciate that and will look through it again. Looking for feedback for this strategy. I am a 50 year old Canadian citizen living in Canada looking for long term holdings.
Happy New Year - all the best.
- WELL Health Technologies Corp. (WELL)
- Converge Technology Solutions Corp. (CTS)
- Enthusiast Gaming Holdings Inc. (EGLX)
- Lightspeed Commerce Inc. Subordinate Voting Shares (LSPD)
- Nuvei Corporation Subordinate Voting Shares (NVEI)
- TELUS International (Cda) Inc. Subordinate Voting Shares (TIXT)
Q: I have the above stocks in my TFSA and they are all down and smaller positions. I also have GSY, KXS, SHOP, TOI, ECN, SIS, SU, MEG and ENB in this 300K TFSA (thanks to SHOP and 5i). I am wondering about topping up 2-3 of the above down stocks or something new with this year's contribution. My usual approach has just been to top up the losers but this market has me struggling for ideas. Would you add to any of the losers above or do you have 2-3 new suggestions for me. Thanks.
- Alphabet Inc. (GOOG)
- NVIDIA Corporation (NVDA)
- Shopify Inc. Class A Subordinate Voting Shares (SHOP)
- Brookfield Corporation Class A Limited Voting Shares (BN)
Q: How would you invest ‘23’s $6500 TSFA allowance? Is there 3 or 4 North American stocks you would buy tomorrow? DCA over the next month into one name? Not concerned about sector or risk - 10 year investment horizon.
Thinking SHOP, BN, NVDA and GOOG. All of which I own today and are down from when I purchased.
Appreciate your thoughts.
Don
Thinking SHOP, BN, NVDA and GOOG. All of which I own today and are down from when I purchased.
Appreciate your thoughts.
Don
- Constellation Software Inc. (CSU)
- BRP Inc. Subordinate Voting Shares (DOO)
- Alimentation Couche-Tard Inc. (ATD)
- Aritzia Inc. Subordinate Voting Shares (ATZ)
- Brookfield Corporation Class A Limited Voting Shares (BN)
Q: My 21 year Daughter has a small TFSA with some Stocks and a ETF. What are a few Growth stocks that you would recommend for the longer term. Looking for some suggestions for stocks that have good growth prospects and would be more that could buy and forget about.
Thank you
Thank you
Q: I've held Loblaws in my TFSA for a couple of years. Can you comment on hanging on for more growth or as an alternative some options for tax-free dividends in the 5% or higher range?
Q: For a RRIF withdrawal, I'm thinking of switching either Telus or Open Text to a TFSA .
Which of these do you think has more upside potential?
Which of these do you think has more upside potential?
Q: Hi team,
Looking for strong growth names in my tfsa, I have been considering cheap stocks with potential. An alternative approach would be to look at names which have been doing very well this year and which still have momentum and potential. Grateful for your comments and some names which have wind in their sails.
Jacques IDS
Looking for strong growth names in my tfsa, I have been considering cheap stocks with potential. An alternative approach would be to look at names which have been doing very well this year and which still have momentum and potential. Grateful for your comments and some names which have wind in their sails.
Jacques IDS
- Restaurant Brands International Inc. (QSR)
- goeasy Ltd. (GSY)
- Aritzia Inc. Subordinate Voting Shares (ATZ)
- Topicus.com Inc. (TOI)
- Brookfield Asset Management Ltd. Class A Limited Voting Shares (BAM)
Q: Hi Team,
Since it's near year end, I was wondering if you could list me some of your TOP PICK ideas for a 2023 TFSA contribution. I am looking for long term hold ideas. Thanks
Shane.
Since it's near year end, I was wondering if you could list me some of your TOP PICK ideas for a 2023 TFSA contribution. I am looking for long term hold ideas. Thanks
Shane.
Q: Hello 5i,
This is pertaining to the question about moving stock In Kind from an RRSP to a TFSA. I have done this numerous times with RBC Direct Investing and I will recount the process as I have experienced it.
1. I will use 20% as the withholding tax amount as an example only. If you wish to transfer $6,500 of equity the tax is calculated as follows: 6,500 / 0.80% = 8,125 * 0.20% = $1,625 Withholding Tax.
2. The withholding tax can be either cash on hand in the account or the broker can be instructed to sell the required additional shares of the equity (or even of some other equity) to cover the cost of the tax.
3. The shares are transferred out to a cash/margin account, they do NOT go directly into the TFSA. They are then subsequently transferred into the TFSA within a day or two at the most - as I recall.
4. Make sure you retain copies of all transactions to capture all relevant data for tax purposes.
This has been my experience and the process has worked smoothly and quickly for me. And, kudos to RBC Direct Investing staff who have worked with me on doing this - they have overwhelmingly been helpful and knowledgeable.
I hope this helps......
Merry Christmas and Happy New Year to all at 5i and in the 5i community!!!
Cheers,
Mike
This is pertaining to the question about moving stock In Kind from an RRSP to a TFSA. I have done this numerous times with RBC Direct Investing and I will recount the process as I have experienced it.
1. I will use 20% as the withholding tax amount as an example only. If you wish to transfer $6,500 of equity the tax is calculated as follows: 6,500 / 0.80% = 8,125 * 0.20% = $1,625 Withholding Tax.
2. The withholding tax can be either cash on hand in the account or the broker can be instructed to sell the required additional shares of the equity (or even of some other equity) to cover the cost of the tax.
3. The shares are transferred out to a cash/margin account, they do NOT go directly into the TFSA. They are then subsequently transferred into the TFSA within a day or two at the most - as I recall.
4. Make sure you retain copies of all transactions to capture all relevant data for tax purposes.
This has been my experience and the process has worked smoothly and quickly for me. And, kudos to RBC Direct Investing staff who have worked with me on doing this - they have overwhelmingly been helpful and knowledgeable.
I hope this helps......
Merry Christmas and Happy New Year to all at 5i and in the 5i community!!!
Cheers,
Mike
Q: Hi 5i. Merry Christmas to all !
I need some help with the mechanics of an 'in-kind transfer'. Particularly with one from a RRSP to a TFSA.
If I use the 2023 TFSA contribution limit of $6500 and want to move that amount of Stock 'A' from a RRSP to a TFSA, then I understand that withholding tax would apply to that amount.
Where does the withholding tax get paid from? I am assuming a number of Stock 'A' shares would be sold to cover the amount of tax owed. Is that correct?
Furthermore, is it possible to have the withholding tax paid from cash within the RRSP or would the tax owed be added to the transfer of $6500 0f Stock 'A' to the TFSA?
Essentially, can I move $6500 of Stock 'A' to the TFSA and pay the withholding tax from cash in the RRSP, as if they were two separate transactions.
Thanks in advance.
Martin
I need some help with the mechanics of an 'in-kind transfer'. Particularly with one from a RRSP to a TFSA.
If I use the 2023 TFSA contribution limit of $6500 and want to move that amount of Stock 'A' from a RRSP to a TFSA, then I understand that withholding tax would apply to that amount.
Where does the withholding tax get paid from? I am assuming a number of Stock 'A' shares would be sold to cover the amount of tax owed. Is that correct?
Furthermore, is it possible to have the withholding tax paid from cash within the RRSP or would the tax owed be added to the transfer of $6500 0f Stock 'A' to the TFSA?
Essentially, can I move $6500 of Stock 'A' to the TFSA and pay the withholding tax from cash in the RRSP, as if they were two separate transactions.
Thanks in advance.
Martin