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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: This question is about non-registered accounts and the non-Canadian ETFs and stocks that pay dividends. If the DRIP is activated, does the stock still attract witholding tax, or would it be taxed separately on both the dividend and the capital gain?

I've learned a great deal from you about investing.

Many thanks.
Read Answer Asked by TOM on December 17, 2019
Q: Hi there, it looks like ENGH recently had a blowout quarter. In your perspective, is this the turning point for the stock performance? It seems like it has lagged versus other Canadian tech stocks over the past few years. Would you start a position based on the recent strength and relative to other Canadian tech names, where would you rank Enghouse? Thank you!
Read Answer Asked by Michael on December 17, 2019
Q: I currently owned these 2 ETF , VIG and VXUS at 5% weight and I can add to these 2 names or buy another US ETF for a 5% weight. If you suggest that I buy can please tell me what the next best ETF would be to own .
Thanks
Read Answer Asked on December 17, 2019
Q: Your opinion on chances of recovery in the next thirty or so days if sold for tax loss this week?
Many thanks guys.
Read Answer Asked by Raymond on December 17, 2019
Q: Can you please provide any suggestions of companies that offer decent growth and earnings that are out of favour/are undergoing tax loss selling.

Thanks
Read Answer Asked by Theodore on December 17, 2019
Q: Hi, I understand, Boyd units will be converted to a corp, as at Jan 2, 2020. Capital gains will need to be reported(Tax Tear 2020) for a Non Regd account, based on the closing price of Dec/31/2019 ( I think). Most of our BYD.un (6% of portfolio) is held in Non Regd account and it will generate a huge Capital Gain. Two questions:
1. Based on the RRSP/TFSA contribution room available, will it make sense to move some shares to registered accounts for future growth.
2. The only tax loss shares we have are, BAD, AW.un and Rogers. Which ones should be used to offset gains ?

Thank You
Read Answer Asked by rajeev on December 17, 2019
Q: Hello, if you had to buy either CSH.UN or NWH.UN today, which one of these two companies would you buy? Could you also compare their debt? I know one should not look at past performances, but over the last three years NWH.UN has done much better than CSH.UN. Would you say that NWH.UN is also indirectly related to health care? Thanks, Gervais
Read Answer Asked by Gervais on December 17, 2019
Q: Hi 5i,
I have a large capital gain in a Non Registered account that I plan to offset by 'partially' selling one of my holding in a losing energy stock. For tax purposes, if I partially sell my holdings in this energy stock prior to Dec 27th will I be allowed this loss or must I sell all of the shares I own in this company?
Read Answer Asked by Gordon on December 17, 2019
Q: The beginning of January I plan to put $6000 in my wife’s TFSA and $ 6000 in my TFSA. The contribution will come from our joint savings account. I plan to buy for each of us 300 shs of VET. In the meantime I will be selling 600 shs of VET in my non registered account. Following this I will put the proceeds from the sale into our savings account. Is this any different from directly contributing the shares in our TFSA ?
My interpretation of this is that it would be a deemed disposition, and I won’t be able to claim a capital loss, but I would be able to claim a capital loss in the first instance above.
I know this is an accounting question, but if you prefer not to answer , maybe one of your subscribers is knowable enough to give an answer.
Read Answer Asked by Roy on December 17, 2019
Q: Unless our shareholdings are registered , the brokerage company is usually the registered legal owner of the shares . We are the unregistered beneficial owner . The CIPF coverage is limited essentially to $1m per registered account and $1m per non registered account . That and CDIC is the only protection in the event of a loss as a direct result of a brokerage insolvency issue . This is about such a loss , not the probability of such a loss . This is not about the quality of the risk management systems in place . High net worth investors are not protected against such a loss . Dividing the portfolio among several brokerages is one awkward alternative . Registering the shares via the transfer agent and registrar for each holding would address the issue . Is that practicable for an investor ( not a trader ) with ( 25) holdings ? The industry is not transparent regarding this security custodial potentially huge issue for high net worth investors in Canadian capital markets . Confidence may be misplaced .
Read Answer Asked by michael on December 17, 2019
Q: Thank you for your response of Dec 9, but I am still a bit confused. The commentary provided by DOL indicates that for fiscal '20 they expect to have opened 60 - 70 new stores, and this appears to be without any contribution from their new acquisition, which in turn is expected to open 40 - 50 new stores (each year?) which is a growth rate of around 20 - 25% pa. And the forecast for the coming year repeats the new store openings of 60 - 70.... excluding any Dollarcity contribution?? So while I did not appreciate that their new acquisition was so much smaller in comparison to DOLs current assets the growth contribution from this purchase looks as though it has been quite heavily discounted. If you can clarify that would be nice. Thanks
Read Answer Asked by Mike on December 17, 2019
Q: Good afternoon folks
With a better China/US trade agreement which of these would you expect to do better from here? I own a bit of DOL but have watched DLRT for awhile now.
Thank you for a good year and all you do for us! You have "steered my ship" for over 5 years now! Happily I am up 60%. All by shaving at highs and buying at lows(mostly but of course not always). I only added just under 2% of new money.
Thank YOU and MERRY CHRISTMAS
Read Answer Asked by El-ann on December 17, 2019
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