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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: First of all - you are very helpful and I appreciate it!
Re TFSA U.S. account - apparently if the security in this account has a dividend, it would be subject to 15% withholding tax if you sell. In Canada, the withholding tax is applied against your income tax when you do it up, but how does this withholding tax work in the U.S. if you are not doing U.S. income tax?
Thank you!
Margaret
Read Answer Asked by Margaret on December 01, 2020
Q: 23 year-old slowly building out his TFSA. GSY (23%), KXS (19%) and LSPD (29%) now dominate weightings with PHO, PBH, REAL, BAM.A and CNR being between 5%-7% each. Going to trim GSY/KXS/LSPD back to 10% each and use the funds to purchase four new positions. Given this is a long-term hold could you suggest your favourite 5 or 6 (Canadian or US) growth stocks or those with potential to be the next SHOP in order of preference and why? Many thanks for your always astute insights.
Read Answer Asked by Bruce on December 01, 2020
Q: Good day. I have been holding BPY.UN for 2 years but see it going nowhere aside from having a nice dividend. I now stand -15% and a 3.2% position in my RSP. I am overweight Real Estate and need to increase weight in Technology/Consumer Non-Cycl. and Cycl. Can you suggest a few of your portfolio favourites that I could start positions with or should I hold on for awhile to see where BPY.UN goes. Please note that I use dividends as reinvestment/diversification tool and therefore although not necessary for growth they are quite useful.
Thank you
Read Answer Asked by Roger on December 01, 2020
Q: I just asked a question about having a U.S. account vs just buying U.S. securities in your Canadian account. I still don't quite understand.
I have some U.S. securities in my canadian cash account. Are you saying that that I will be paying some kind of "fee" on this even though they are just sitting there?
thank you for clarifying
Margaret
Read Answer Asked by Margaret on December 01, 2020
Q: I would appreciate your outlook for CHKP. I thought that the last qtr was decent with revenue, EPS, and earnings up somewhat. Nevertheless the share price seems stagnant since July. The P/E is quite low for this industry which suggests that the market is not expecting much growth. I was expecting that the "working from home" and "virtual learning" phenomena would be tailwinds. Since the company doesn't pay a dividend, if the price isn't going to grow, I should move on.
I look forward to your thoughts.
Thanks
Ian
Read Answer Asked by Ian on December 01, 2020
Q: If you plan to buy U.S. securities, I was told you should set up a U.S. trading account. Is there an advantage to this? If you transfer Canadian dollars into this account and then eventually sell the stock, i am aware that you have to figure out the "cost" in canadian dollars on the day you purchased and also "cost" in canadian dollars the day you sell it for tax purposes.
thank you
Margaret
Read Answer Asked by Margaret on December 01, 2020
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