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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 Peter and Team

I am a timid do-it-yourselfer Senior and do appreciate the service that you and your team provide.

My question is about the treatment of an ETF, by the CRA, that is sold on both the TSX and NY, under different symbols. My example is the Vanguard ETF VIG and VGG, and there are others. They are both the same fund since VGG holds VIG as its sole holding. However VGG is sold on the TSX in Cdn dollars while VIG is sold on the NY exchange in US $. VGG is not hedged. Is VGG treated as a Canadian ETF and if so what implications does that hold for tax purposes since it has US holdings. They each pay a dividend in US$ and I would assume there would be a 15% withholding tax on each of them. Perhaps you might also comment on the requirement by the CRA to state whether or not one has $100 000 in foreign assets on one's tax return and what implications if any there are with purchasing either of these type of twin ETF's into one's portfolio. I would appreciate any clarification that you might provide.

Many thanks

Bill
Read Answer Asked by William on October 21, 2013
Q: Bought some Royal bank of Scotland, I am a value investor, but with the announcement by gov of England talking about good bank/bad bank I assume this will reduce the book value of rbs. I realize it isn't a 5 star company maybe not even a 2 but neither was AIG after 2008. What are your thoughts on this latest news and rbs in general?
Read Answer Asked by Rob on October 21, 2013
Q: What do you think of transat. I purchased some years ago at $5 due to your recommendation and now I'm unsure whether I should completely sell out or continue to hold, do you still cover the stock and what are your thoughts regarding its future prospects ?
Read Answer Asked by Scott on October 21, 2013
Q: Hi,
What's your opinion of MBAC (MBC)? It can't seem to get any traction. Should I just take my loss and move on?
Thanks, Ian
Read Answer Asked by Ian on October 21, 2013
Q: Hi team,
I'm looking to consolidate some of my positions to reduce the number of stocks held across 3 accounts. I have 3 US stocks in my LIRA - Apple (AAPL), Cooper (COO) and Mosaic (MOS). I realize they are all very different companies, but if I was to sell 1 to buy more of the other 2, how would you rank them?
Thanks again! Ian
Read Answer Asked by Ian on October 21, 2013
Q: Hi, a question regarding Andrew Peller. I purchased it recently and have some concerns as to how the Canada/European free trade agreement could affect the future business of adw. After all, every wine drinker must be looking forward to more and possibly cheaper imported European wines. On the other hand, could this open up more export opportunities for adw? I am not a wine expert but I can't imagine Europeans looking forward to having more Canadian wine available. Any thoughts or comments would be appreciated as always. Thank you.
Read Answer Asked by Adam on October 21, 2013
Q: Hi folks, continuing to appreciate your investment advice. Would you consider wajax a buy at this time?
Read Answer Asked by Tony on October 21, 2013
Q: I read the past answers on LIM, I wonder if you can comment on iron ore prices going forward and is there anyone you like in the space? I may decide to swallow the loss on LIM and make a move in the same space.
Read Answer Asked by Randy on October 21, 2013
Q: hi folks,solar stocks,especially in US have been on fire,can u reco one or few to do some dd or is it to late,thx as always jb.
Read Answer Asked by John on October 21, 2013
Q: urb.a What exactly Is Radars intention as per news release of today...Do you know anything about them?
Glen
Read Answer Asked by Glen on October 21, 2013
Q: Hey 5i,

Wanted to get your thoughts on Counsel Corp (CXS). I should have bought it when i first heard of the company at 1.80, but missed the boat. Do you think the company is a buy at current levels? Are you bullish on the sector? Would you buy at current levels, or wait for a pull back? Do you like management?
Read Answer Asked by Sasha on October 21, 2013
Q: Is now a good time to buy preferred shares
Read Answer Asked by PATRICIA on October 21, 2013
Q: Hi Peter,
is Atrium Innovation like another paladin labs or vrx in the
making.

Thanks
Paul
Read Answer Asked by Paul on October 21, 2013
Q: I took a position in Equity Financial a while back and was up about 12% before the departure of an executive. I invested in EQI partly because I had missed the boat on HCG at about the $55 dollar mark after the shorting noise. Now I'm about at break even on EQI and wondering what to do. I liked the growth potential of EQI and the fact that you liked management, and I liked the bargain price of HCG at $55. Should I sell EQI and look at Counsel CXS, perhaps, or maybe Wi-Lan is turning the corner? You will probably say I should go with HGC, but it is hard for me to pay $77 for a stock I could have had at $53.(Maybe I should just get over that missed opportunity.) I am mainly after growth at a bargain (don't need a dividend) in any sector. Maybe RKN Redknee? I currently have a pretty good replica of the model portfolio. Again, thank you, thank you, thank you, for a service that is so good that I can't believe it exists. So glad to say good-bye to my broker.
Read Answer Asked by Gordon on October 21, 2013
Q: What do you think of Arcelor Mittal MT on NYSE as a buy right now. Is their good growth potential in next year or so?
Thanks
Read Answer Asked by Kathy on October 21, 2013
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