Investment Q&A

Q: Hi Guys

I was really surprised by an answer to John Heinzl in the Globe and Mail in his March 5th column. The question was "I recently did an in-kind share transfer from my non-registered account to my tax-free savings account. This transfer was below the book value of the shares so I assumed it would be a capital loss, but I did not get a confirmation slip as a record. How do I record the loss"

The answer was "Sorry to be the bearer of bad news,but when you own shares with an unrealized loss and transfer them in-kind to a TFSA (or any other registered account) you cannote claim the loss for tax purposes. The CRA considers this a "superficial loss" because you still own the shares.

So my question is: if this is indeed the case then would this ruling also apply to shares that you had bought in a non-registered account at a certain price and were now transferring them at a higher prices than you bought them into a TFSA?

Or does CRA get you both ways?

Thanks

Stuart

Q: What are your favourite stocks at the moment with low PEG ratios, solid earnings growth and strong balance sheets for long-term holds?

Can you please give me your top 5 CAD and top 5 USD stocks with respective PEG ratios?

Thanks

Q: Thoughts on the quarter? RBC loved it.
Thanks...Steve

Q: About 25% of our portfolio is in US stocks - very tech heavy (APPS, CRWD, MSFT, MTTR, NVDA, QCOM, TEAM, U) with only XYL as a non-tech holding. I would like to add GOOG, BKNG but would prefer not to transfer more CD$ to US just at the moment. Would appreciate your thoughts on cashing my XYL (down about 10%) in order to buy GOOG ?
Also, my NVDA and QCOM are at about 4.5% each of total CD/US $ portfolio, with good profit. Would you trim a bit of both to invest in BKNG or leave well enough alone for now !
As always, many thanks.

Q: Hello team 5i,

I know very well that when a stock is sold with a loss, it must not be bought back before one month for the loss to be used as a tax loss.

But what if a stock is sold with a gain and then bought back before one month and this time it is sold with a loss. (Note that one month did not pass between the gain and the loss). Is this loss usable as a tax loss?

I donated shares of a company that was delisted to my broker. How can this loss be used for tax purposes? Is it different from an ordinary loss?

Thank you for your help

Q: I recall you saying that in past market corrections there were quality companies trading at or below cash value. Are there any at, or close, to that right now? If so could you please post a few within 20% of their cash value that look very solid a few years out?

Q: How would you rate (1-10) these 5 industrials for new money today? Please include a brief explanation for the ratings.

Q: Greetings 5i,

This US Petroleum refiner recently missed on feb 23. The next day wells fargo updated and sees a price target of $40USD. Currently trading @ $30USD what are your thoughts here.

Cheers!

Q: Hi,
I am low on energy and pipelines, as ENB.TO is my only holding in this sector. Most of the available cash I have on hand is in a US dollar RSP account, which I do not have to convert to a RIF for another 4 years. I've listed some stocks that have my attention, and wonder if it is reasonable to purchase now, as they're mostly at new 52 week highs, except OGS and VZ. Do you think these will still have room for further gains, or am I essentially too late and taking a risk these will roll over quickly as we inch closer to a US recession? Are there others you would prefer that aren't listed and any of the above that would be higher risk in this market environment? Take the appropriate points for the multiple questions. Thanks for you continued valuable insight!
Dawn

Q: With the recent drop in prices, are any of the above attractive for dividends and price appreciation?

Q: Why is NEO going down in this environment of scarcity of rare earth metals and global tensions? Is a buy or sell at the current price. Thanks for your analysis.

Q: In today's Wall Street Journal (Heard on the Street column), it suggested that one of the consequences of the blocking of Russian Central Bank reserves is that governments may rethink their position that US dollar or all money as an asset and will likely increase their gold holdings in a material way as the only true store of value.
If this is a trend then gold and gold shares should make great investments.

Q: Will the millions invested into Russia's main 3 oil and gas companies by Manulife,Power Corp,Cibc,BMO,Rbc,Sunlife impact future earnings or maybe some can come back to Canada.

Q: I'm confused, because I've received two T5008 (statement of securities transactions) forms in relation to two stocks moved from one registered account (RIF) to another (TFSA) . All withdrawals from RIF (including the value of these stocks) are included in my income for 2021.
Why am I getting these forms - which seem to double count income ?

Q: Hi

Thinking of selling ICLN I am down 21% and replacing it with VDE.

Why!! I think the clean air flavor of the month is dead for a while and want the ride oil shortage.

Also METV still not show the intraday price on my Portfolio Analysis.

Thank you

Mike

Q: Can you please comment on DBM's recent quarter. Was it as bad as the market is suggesting? Was it's forward guidance strong? With a yield of over 7% and some growth opportunity does it offer a decent risk/reward?

Q: Can you please comment on this company. The stock keeps falling while the company is ready to launch their new SUV. There is a news that it is heavily shorted off-exchange (dark pool). Is this even possible?

Q: Surge reports soon. What are the expectations?
Have their hedges expired?
Thanks.

Q: Hello. I don't understand what happened with these stocks. I'd held almost a full position on hr.un for about a year. A couple of months ago they made some kind of move and I was awarded pmz.un stocks. Suddenly I showed about a 20% loss on my hr.un holdings which is pretty well equal to the current value of my PMZ holding. I'm wondering if I should sell both and re-invest in better real estate stocks or sell one or the other and put all the proceeds into just one of these companies? Thanks.

Q: Hello 5i,
Eric Nuttal has put an energy income fund together which will begin to trade on March7. Do you have any information on this fund and what his fees for running it will be?
Thanks as always. Cheers