skip to content
  1. Home
  2. >
  3. Investment Q&A
You can view 3 more answers this month. Sign up for a free trial for unlimited access.

Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: Hi Peter and team, would appreciate your thoughts on what the TFSA should be used for and why, fixed income or capital gains. Thank you
Read Answer Asked by Anthony on December 06, 2022
Q: Hi,
I am up 84% in CELH in my TFSA. Considering selling 1/2 position and using the funds to purchase NVDA.
It will help me diversify because the only other US stock I have is GOOG.
Willing to wait 2 or 3 years to see NVDA return to it's former glory.
Sounds ok?
Or do you think CELH is just starting to really ramp-up and I should stay with it.
Thanks for your input.
Read Answer Asked by Robert on December 06, 2022
Q: The purpose of the following question is to avoid problems with CRA and avoid pitfalls, traps &c.
(1) If tax payer withdraws all their Canadian $ from a TFSA before December 31, 2022 , I understand they can re-deposit the full amount after January 1 2023. Correct? (2) I understand they can re-deposit the *full allowable* amount in US$ (i.e. the US$ equivalent of all the Canadian $ that were just withdrawn). Is that correct? (3) If yes, is it the spot exchange rate that is used for calculating the amount available to put back into the TFSA? If yes, what exactly is the spot rate, what rate is acceptable under tax rules and regs ? What source should one use to get the exchange rate to use— that CRA accepts?
Read Answer Asked by Adam on December 01, 2022
Q: In my TFSA I have 3 big winners CSU GSY KXS and a few lossers AT NBLY TOY. Keeping as objedtive GROWTH what titles would you suggest adding or departing in the upcoming months?
Read Answer Asked by Yves on November 28, 2022
Q: I would like to crystalize some Gains in KXS and reduce my holdings to a small amount (just a place holder).
I would like to add to the others listed above in the order of your preference.
All stocks in my TFSA.
Thank you!
Albert
Read Answer Asked by ALBERT on November 23, 2022
Q: Hello,
>
> I transferred a stock at a sizeable loss from a cash account to my TFSA early this year before I learned about the non-deductibility in this situation. I have now sold the stock in my TFSA at a nominal gain. Is it possible to recoup and declare the loss by claiming the difference between the initial cost and the final sale? Thank you,
>
> Maria B
Read Answer Asked by Maria on November 23, 2022
Q: THE PROS AND CONS OR BENEFITS OR NOT BENEFITS BETWEEN A US DOLLAR TAX FREE SAVING ACCOUNT VERSUS A CANADIAN TAX FREE SAVING ACCOUNT? ALSO, WOULD A NON-RESIDENT TAX ON US STOCKS APPLY IN A US DOLLAR TAX FREE SAVING ACCOUNT?
Read Answer Asked by Herbert on November 23, 2022
Q: Good evening,

I just read that the CRA has recently increased the TFSA contribution limit for 2022 up to $6,500.00.

Can you tell me if this is correct?

Thanks very much.

Read Answer Asked by Dave on November 09, 2022
Q: Looking for 5 names for my Cdn TFSA . Must pay a dividend. Currently hold GSY, ATD, BAM.A EFM, DOO, DFY.
Thank you
David
Read Answer Asked by David on November 07, 2022
Q: I am down on these names in my TFSA account
CTS (-44%)
ENGLX (-73%)
QST (-28%)
XBC (100%)

Is it time to throw in the towel on all of these, consolidate into one name or use my next year TFSA contribution limit to dollar cost average down?

I also hold an ETF, VGRO, in this account which is down 13%.


Read Answer Asked by Donald on November 02, 2022
Q: If I have to pick two names out of 4 which one it would be for Growth in TFSA

ATA, GDI, TRI, BYD,
Read Answer Asked by Mahendiali on October 28, 2022
Q: I need to pull about $170,000 out of my TFSA to finish a house build. Can I put that amount plus the 2023 contribution in the new year or $81,500 plus the 2023 contribution?
Read Answer Asked by Clarence on October 25, 2022
Q: Hello Peter and Team,

Our question today is about CDR's in TFSA accounts and potential tax benefits. If you were to buy Goog, AMZN, and NVDA today, what would be the recommended method?
CDN TFSA: buy CDR's
Open a US TFSA and purchase the stock in US funds (one-time conversion costs would occur)
Purchase the stock in the native currency in the CDN TFSA

Do CDR's reduce exposure to the taxman if death occurs instead of having US domiciled stocks in a TFSA or RRSP or RRIF?

Thank you.

Cheers,
Debbie and Jerry

for RRSP's
Read Answer Asked by Jerry on October 24, 2022
Q: Can you provide a 'buy' list for a person wanting to deploy $200,000 (inside RRSP) with the goal of creating 5% or more sustained cash flow - as well as growing the original capital to keep up with inflatiion? We do not have company pensions - this would serve to supplement our government pensions.
Thinking, 20 stocks across all sectors @ $10,000 each (or 5%)
Also could you include 10 growth stocks (inside TFSA) for a total of $250,000 - gotta have some fun ;)
Many Thanks
Jan
Read Answer Asked by Jan on October 07, 2022
Q: If on January 1st we don't have cash in our unregisteted account, can we move stocks from there to our TFSA? If so, do we use the market value of the shares on that day? (6500.00)
Read Answer Asked by Andrea on October 06, 2022
Q: I'm thinking ahead to December and the cash that is in four family TFSAs. I'm considering moving all the cash in these TFSAs out near the end of December into a cash savings account with the broker. My thoughts about doing this is to provide more options in 2023, like transfer in securities from a trading account or transfer in the cash sufficient to purchase a new stock position. Also this would provide more flexibility with respect to the new TFSA contribution room for 2023. Well that seems to be the upside and, me, can't see any real downside to this approach. I would appreciate your take and insights about how to manage cash in an existing TFSA come the end of the year.........Thanks.........Tom
Read Answer Asked by Tom on September 07, 2022
Q: I am currently managing my TFSA/RRSP funds and some money outside of registered accounts, which are largely individual stocks. With the market volatility, potential recession and war in Ukraine, I am finding it more difficult to keep on top of the individual stocks and am therefore considering going to ETF's. I am a year away from retirement but would be ok with more risk in the TFSA/RRSP's.
Could you please suggest 5 ETF's for the registered accounts and 5 ETF's for the non-registered accounts.
Thank you,
Jacquie
Read Answer Asked by Jacquie on June 02, 2022
Q: Hello Peter,
For starting TFSA position, i was thinking of Brookfield Asset Management, Goog Ne (CDR) and either Royal Bank or Sunlife.. What makes more sense for a conservative value oriented long term positions? Thanks very much.
Read Answer Asked by umedali on May 04, 2022