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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: I am having trouble finding the answer to my tax question. I hope you can help. My husband and I were joint owners of a rental building which we sold in 2016. There are considerable capital gains. I have realized capital losses from past years (from sale of shares)that I can apply to my portion of the capital gains. Can I transfer some of these to my husband to apply to his portion of the capital gains on the rental building? He does not have any capital losses. Thank you for your help.
Read Answer Asked by Thea on April 07, 2017
Q: I notice that members often have questions regarding how distributions from their ETF/mutual fund are categorized for tax purposes. I have found the following website extremely helpful:

https://services.cds.ca/applications/taxforms/taxforms.nsf/Pages/-EN-LimitedPartnershipsandIncomeTrusts?Open

Here, one can access the T3 for every ETF available, and can see even a month to month breakdown for those securities that distribute monthly. Very helpful for reconciling ACB and completing tax returns. Please post if you think this will be helpful to other members.
Read Answer Asked by Walter on April 06, 2017
Q: Hi Peter I am confused of a writer yesterday saying he took funds from his RIF and moved them into his TSFA .The CRA rules that have been explained to me rightly or wrongly this is a no can do .Any withdrawals for a RIF or RRSP is a taxable event thus must be transferred in a cash taxable account first and then one can do what he wishes after the CRA rule is complied with.
Am I and the CRA wrong ?
Kind Regards
Stan
Read Answer Asked by Stan on April 06, 2017
Q: Hi team
I am a Canadian citizen residing in Canada
I have been investing in some US mutual funds that I bought directly from the US mutual funds, Fidelity Magellan and Vanguard Windsor 2
they do have a withholding tax for dividends and income
My question is that when I sell or redeem the shares in the mutual funds, am I subject to a withholding tax on the amount redeemed, (about 20-30%) and I was told that in order re-claim the withholding amount ;
I have to file a US income tax return and show it to Rev Canada to do so. if you have information, it would be helpful, thanks
Read Answer Asked by Michael on April 05, 2017
Q: If I may be permitted a response to Peter's query regarding his conversion from a RRSP to RRIF, I would suggest it all depends on whether or not he will need income from his RRIF. I am strongly opposed to the notion that, just because a person reaches a certain age he/she should convert to a conservative portfolio. I'm almost 80 and since I don't need a lot of income from my investments, hold no bonds and except that dividends help to define a quality company, don't worry about dividends. My portfolio is based on the Balanced Equity portfolio from 5i with some diversification stateside and EAFE. My performance has been more than acceptable. The withdrawal requirements of my wife's and my RRIF have been met by transferring to TSFA and will continue to be until I run out of TFSA room.
Read Answer Asked by Fred on April 04, 2017
Q: Since Canadian Reits have to distribute out their capital gains [and hence NOT reinvest in new properties] and with declining ROC components.....Is it time to re-invest in Canadian dividend stocks for those of us who depend on a rising stream of income.

Our reits face unfair competition from pension funds, which can reinvest capital gains tax free.

I have been in Cdn Reits since the late 1990's. Is it time to 'kiss then good bye'?

Thanks.

Paul
Read Answer Asked by PAUL on April 04, 2017
Q: With the trillions of dollars held offshore by US Corporations what would be the impact to European Banks when Trump approves the repatriation of these funds back to USA at a low tax rate. Would monies out of the USA be on deposit or held in government short term investments or US Treasuries. Would there be any negative impact to European Banks or local currencies ie Euro or pound etc when money is brought back to USA ? Bob
Read Answer Asked by bob on April 04, 2017
Q: Lester Asset Management is a small wealth management Company. They have made numerous appearances on BNN. For someone who wants a "No Fuss" Canadian portfolio of One or two ETFs like VCN & XHT and a small/medium fund like Lester Canadian Equity Fund, how would you rate the Fund & the company? Would you recommend another fund in the small/Medium class instead?


Thanks Team
Read Answer Asked by Warren on April 03, 2017
Q: Please do not deduct credit as minimal amount of time.2 part question on Ex dividend.Say the ex dividend is April 6 & I buy today which means settlement date of April 6. 1) Do I get the dividend? 2)Can I sell on April 6?.Appreciate U usual great services & views Congratulaions for your 5 small cap picks--PHO,ZCL.GPS,ITC & GSY--on NP,saturday & Van.Sun,monday.All had sharp increases today ranging from 2.47% to 9.2%
Read Answer Asked by Peter on April 03, 2017
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