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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: As per my portfolio analysis I have reduced my position in tech and industrial. One area Where I don’t have an investment I.e. communication services I’ve taken A partial position in BCE. I need to add health care. What is your opinion of the above? What would be your top pick in this area.
Read Answer Asked by Roy on September 15, 2020
Q: I am considering buying LIFE, or maybe HHL. I understand the "withholding tax" issue is best handled by having these ETFs being held within ones RRSP.

A clarification question = If the foreign country withholds income taxes, is this reconciled at the time of filing ones income tax? I thought there was a tax agreement or tax treaty that ensured there was no double taxation. So if one paid taxes to the USA on a certain investment, then you didn't have to pay taxes also in Canada...in other words...no double jeopardy. Or...is my understanding incorrect?

The reason I ask is I like the way my portfolio is constructed and have the funds available to purchase either of these ETFs from within my Cash account.

Thanks for your help...much appreciated...Steve
Read Answer Asked by Stephen on July 21, 2020
Q: Retired dividend-income investor with minimal healthcare exposure (2% of equities). If I wanted to increase my health care exposure via an ETF and receive a dividend, which ETF would you chose? Which type of account would you buy them in...RRSP, TFSA or Cash (I'm thinking about income tax implications and USA withholding issues)? In a previous comparison, you indicated you preferred LIFE over HHL, although in another question you preferred XHC overall. I am sitting on roughly 8% cash and currently think I may wait for 2nd Qtr earnings to unfold, or possibly wait until the USA election...I know this is market timing, but I just don't trust where we are at right now. Once Q2 earnings are in, I might invest the $/month over the next 6 months strategy.

So, which ETF would you choose and would you wait for Q2 earnings to be done?

Thanks...Steve
Read Answer Asked by Stephen on July 14, 2020
Q: Hello 5i.
I am considering LIFE (hedged to $ Cdn) for a TFSA. I believe it is Canadian domiciled (despite it's holdings being almost entirely US/International equities) but I am not sure. To cut to the chase, would the dividend be prey to the US withholding tax?

Thanks in advance......Martin

P.S. I do not buy anything without first getting 5i's opinion.
Read Answer Asked by Martin on June 30, 2020
Q: Hello 5i Team. I'm thinking of starting a small position (1-2%) in LIFE.B (unhedged) in global healthcare for both capital appreciation and yield. Fund would be held in my taxable account for long term hold. Given that holdings are geographically; 55% US and remainder European what will taxation look like? I assume that the 15% withholding tax would be apply to the dividend even with geographic distribution of holdings? Any other tax implications that I need to be aware of? Your recent comments on the fund on May 228/28, 2020 were also very helpful. Thx Steve.
Read Answer Asked by Stephen on June 04, 2020
Q: Greetings - kindly provide your opinions on all issues relating to this healthcare etf including but not limited to its assets under management, the advisability of it's maximum 33% covered call strategy, your view on future performance, the appropriateness of this particular etf if combined with one other single stock healthcare equity as a supplement to the healthcare portion of a portfolio, any cautions on it and whether another Cdn dollar etf in the sector is a better choice in your view. Many many thanks - Ken
Read Answer Asked by Ken on May 22, 2020
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