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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 not a TAX expert but I thought that any option premium collected today should be claimed in 2023 not 2024. Since income is coming this year not next year.


Q: Good morning 5i
Looked on Google for an answer for this question but couldn’t find anything. If i sell a covered call option today with an expiration date in January, in which the stock is called away, in what year would I pay the capital gains tax, 23 or 24?
Thanks
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Asked by joseph on December 08, 2023
5I RESEARCH ANSWER:
The stock will be sold in 2024, so is taxable in 2024. The options will be closed out in 2024, so the premium is also taxable in 2024 (as a capital gain).
Read Answer Asked by Hector on December 11, 2023
Q: Hello Peter,
I am thinking of increasing my weight to 5 percent for Fortis. I understand that the company has been stable for long time with increasing dividends, but is it possible that it could run into headwinds as Algonquin did? I am wondering if i should stick to 3 percent and put the other 2 percent in hydro one and Emera.. Thanks very much
Read Answer Asked by umedali on December 08, 2023
Q: Good Morning,

Your recent answer on FCIV prompts me to ask the following. How would you compare it to ZDI.
Investment yield compares favourably for ZDI but 3 yr ttl return favors FCIV with an asset blend that is quite different. At first I was going to shift from ZDI to FCIV.
However with the heavier trend toward Real Estate (1.86% vs 9.32%) and Industrials (11.26% vs 23.71%) for FCIV is now prompting me to go 50/50 on these etfs for diversification. Any suggestions.
Read Answer Asked by Roger on December 08, 2023
Q: Can you recommend a few other Canadian value stocks like SLF, with a low P/E, good dividend and little or no debt - it would appear that SLF has a net of about $74B in cash.
Thanks!
Read Answer Asked by Grant on December 08, 2023
Q: Which Canadian companies do you think had the best quarterly results given the economy, macroeconomic conditions, inflation, etc?
Thank you
Read Answer Asked by Paola on December 08, 2023
Q: Hi team,

Which Canadian and U.S. stocks do you see as presently having positive momentum leading to strong growth in a near future ?

Have a good day,

Jacques IDS
Read Answer Asked by Jacques on December 08, 2023
Q: Mr. Hodson, I recall an appearance of your’s on market call several years back, when you deviated from your small to mid cap Canadian equity mandate and recommended Micron technologies because it was simply ‘stupid cheap’ at the time.

Are there any companies out there, CAD or US that would qualify as stupid cheap currently, and hard to ignore as a result. Are any of them compelling enough to buy?

Thank you.
Read Answer Asked by Karim on December 08, 2023
Q: Hello, I hold RBF5733 & RBF5737 in my RRSP from a previous employment contribution plan. Would you consider VFV a suitable replacement for a lower MER and a bit of a dividend or is there a compelling reason to stick with the two RBF funds?
Thank you
Read Answer Asked by Randy on December 08, 2023
Q: As grandparents, we are interested in making a long-term investment for our two grandchildren that will be held for the next 20 years. Could you please recommend the most suitable type of investment account to avoid personal investment and tax implications? Additionally, we would appreciate your suggestions for a few ETFs to consider for this extended investment period. Thank you.
Read Answer Asked by Ronnie on December 08, 2023
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