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
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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: 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.
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.
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they can re-deposit the *full allowable* amount in US$ (i.e. the US$ equivalent of all the Canadian $ that were just withdrawn).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?
(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they can re-deposit the *full allowable* amount in US$ (i.e. the US$ equivalent of all the Canadian $ that were just withdrawn).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?
- Constellation Software Inc. (CSU)
- CAE Inc. (CAE)
- BRP Inc. Subordinate Voting Shares (DOO)
- Kinaxis Inc. (KXS)
- Premium Brands Holdings Corporation (PBH)
- Shopify Inc. Class A Subordinate Voting Shares (SHOP)
- Topicus.com Inc. (TOI)
- Neighbourly Pharmacy Inc. (NBLY)
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?
- Enghouse Systems Limited (ENGH)
- Kinaxis Inc. (KXS)
- goeasy Ltd. (GSY)
- Lithium Americas Corp. (LAC)
- Tamarack Valley Energy Ltd. (TVE)
- Aritzia Inc. Subordinate Voting Shares (ATZ)
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
I would like to add to the others listed above in the order of your preference.
All stocks in my TFSA.
Thank you!
Albert
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
>
> 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
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?
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.
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.
Q: When do you expect an announcement on 2023 Tfsa contribution limit and do you expect it will be increased from $6000 to $6500?
Q: can i buy a us stock in my tfsa such as amzm,us
- Enbridge Inc. (ENB)
- Sun Life Financial Inc. (SLF)
- Thomson Reuters Corporation (TRI)
- Exchange Income Corporation (EIF)
- Boralex Inc. Class A Shares (BLX)
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
Thank you
David
- Questor Technology Inc. (QST)
- Xebec Adsorption Inc. (XBC)
- Converge Technology Solutions Corp. (CTS)
- Enthusiast Gaming Holdings Inc. (EGLX)
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%.
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%.
- ATS Corporation (ATS)
- Thomson Reuters Corporation (TRI)
- GDI Integrated Facility Services Inc. Subordinate Voting Shares (GDI)
- Boyd Group Services Inc. (BYD)
Q: If I have to pick two names out of 4 which one it would be for Growth in TFSA
ATA, GDI, TRI, BYD,
ATA, GDI, TRI, BYD,
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?
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
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
- Intel Corporation (INTC)
- NVIDIA Corporation (NVDA)
- Walgreens Boots Alliance Inc. (WBA)
- 3M Company (MMM)
- Philip Morris International Inc (PM)
- Williams Companies Inc. (The) (WMB)
- Bank of Nova Scotia (The) (BNS)
- Enbridge Inc. (ENB)
- Sun Life Financial Inc. (SLF)
- TELUS Corporation (T)
- SmartCentres Real Estate Investment Trust (SRU.UN)
- Capital Power Corporation (CPX)
- Parkland Corporation (PKI)
- ATS Corporation (ATS)
- Richards Packaging Income Fund (RPI.UN)
- Shopify Inc. Class A Subordinate Voting Shares (SHOP)
- K-Bro Linen Inc. (KBL)
- A&W Revenue Royalties Income Fund (AW.UN)
- Acadian Timber Corp. (ADN)
- Boston Pizza Royalties Income Fund (BPF.UN)
- goeasy Ltd. (GSY)
- Blackstone Inc. (BX)
- Aritzia Inc. Subordinate Voting Shares (ATZ)
- Trisura Group Ltd. (TSU)
- Stag Industrial Inc. (STAG)
- Scotts Miracle-Gro Company (The) (SMG)
- SVB Financial Group (SIVB)
- Crocs Inc. (CROX)
- Fox Factory Holding Corp. (FOXF)
- Lantheus Holdings Inc. (LNTH)
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
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
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)
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
- iShares Russell 2000 Growth ETF (IWO)
- BMO Aggregate Bond Index ETF (ZAG)
- BMO MSCI Emerging Markets Index ETF (ZEM)
- iShares Core Canadian Short Term Bond Index ETF (XSB)
- iShares Core MSCI EAFE IMI Index ETF (XEF)
- iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (CDZ)
- iShares U.S. High Yield Bond Index ETF (CAD-Hedged) (XHY)
- Vanguard U.S. Dividend Appreciation Index ETF (VGG)
- iShares MSCI USA Min Vol Factor ETF (USMV)
- Vanguard S&P 500 ETF (VOO)
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
Could you please suggest 5 ETF's for the registered accounts and 5 ETF's for the non-registered accounts.
Thank you,
Jacquie
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.
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.