All Questions
117
questions
0
votes
1
answer
31
views
Calculating Canadian Capital Gain or Loss After Loan and Investment
Consider the following hypothetical scenario involving trading with margin in Canada w/ made-up exchange rates:
I take out a $100,000 USD loan on Jan/01 - ($150,000 CAD)
I lose all of it immediately ...
- 1,570
1
vote
1
answer
294
views
Do you use the trade date or settlement date for CRA reporting capital gains, especially for exchange rates?
Suppose you engage in the following investment transactions while a Canadian resident:
(Buy MSFT) Trade Date: Jan 1st. Settle Date: Jan 3rd.
(Sell MSFT) Trade Date: Jan 10th. Settle Date: Jan 12th.
...
- 1,570
1
vote
2
answers
181
views
What kinds of investments are available in Canada to offset inflation impact?
I would sincerely appreciate your advice on the following topic: what kinds of investments are available in Canada to offset (at least, partially!) the impact of inflation?
I am not a financial expert,...
- 109
0
votes
1
answer
132
views
Indebted to managed investing service by entry error
Hello recently according to a promotional offer, I decided to put some money into a Wealthsimple managed investing account. However when specifying how much, I accidentally entered too many zeros.
...
- 13
1
vote
0
answers
112
views
Is it smart to keep my TFSA when moving on a J1 visa to the US?
I am an Austrian citizen, who just finished his PhD in Canada (on a study permit) and will now move to the US on a J1 Visa as a researcher.
I have some investments in my Canadian TFSA and was ...
- 11
4
votes
1
answer
515
views
When starting to invest, is it better to use a bank or online broker?
I am looking into investing in an ETF. I'm very new at this. Is it better to open a self directed RSP with a bank or an investment management service like WealthSimple or Questrade? I heard that if ...
- 497
1
vote
0
answers
50
views
Differences between non-registered, TFSA, and RRSP accounts for short-term investments
I am new to stocks and I am using an application that's called Wealthsimple. The application shows different account types (non-registered, TFSA, and RRSP) but I don't understand really what are the ...
- 151
1
vote
1
answer
56
views
How to find platform to invest in Canadian ETFs from overseas?
I am intending to invest in Canadian ETFs. I reside overseas. Although I have Canadian SIN, I do not have a permanent address in Canada at the moment. I searched online for platforms which can allow ...
- 113
3
votes
1
answer
492
views
How to calculate capital gains on multiple trades of the same stock?
I'm curious what is my capital gain for tax purposes if I trade a security and never sell my entire position?
Here's an example of what I mean:
In January, I buy 10 shares of Stock A at $1 per share.
...
- 839
1
vote
1
answer
100
views
How to compute unit average cost after capital gain distributions?
My question is about how and why the average cost of a stock is re-computed after the capital gain distributions of the corresponding fund. I'll give the actual example that confuses me to ground the ...
- 111
1
vote
1
answer
186
views
Can I transfer stocks from a margin account to a TFSA to avoid capital gains tax?
I am new to trading and ended up opening a margin account rather than a TFSA a few months ago. I know I can sell my stock and then buy it again in the TFSA, but the stock price has gone up and I am ...
- 113
4
votes
1
answer
160
views
Segregated Fund - should I get it?
My advisor is trying to sell me Segregated Fund / investment loan, in summary, it is something like this:
Canada Life (through National Bank) will lend me 100K to invest
The annual interest is 2.7% - ...
- 141
2
votes
1
answer
120
views
Avoiding capital gains tax when exchanging one stock for another
From observation, it seems like an ETF fund manager can buy and sell assets while avoiding a capital gains tax. However, if I were to do that, I would be taxed each time I sold (and thus missing out ...
- 174
2
votes
0
answers
64
views
Transferring USD into a TFSA
I am currently working in the US but maintain my residency in Canada and file with both the IRS and CRA. I have accounts with both Questrade in Canada and Robinhood in the US.
I wish to transfer my ...
- 121
2
votes
3
answers
116
views
How to maximize retirement equity in Canada
I live in Canada. I am mortgage-free/debt-free, have maxed out my RRSP contributions, and have some extra cash outside my RRSPs. I don't have a company pension plan - my only retirement income will be ...
- 1,032
0
votes
1
answer
132
views
Studies for personal finances [closed]
Over the last couple of days, I started thinking about financial independence for myself.
That idea sounds great to me as I'm 33 years old, have a good and stable income, and I could do something to ...
- 111
1
vote
0
answers
34
views
How to determine which Canadian investments are tax-efficient for US taxpayers in Canada?
How can a Canadian, who is also a US Citizen, determine which Canadian investments (stocks, bonds, mutual funds, ETFs, REITs, etc.) are tax-efficient (especially considering PFIC rules) for a) a post-...
- 439
2
votes
1
answer
2k
views
When would holding U.S. stocks in a non-registered account be better than in a TFSA?
Assume your RRSP is full, and you must buy U.S. stock in TFSA or in an unregistered [aka non-registered] account. The default answer seems to be TFSA!
If you have an RRSP, a TFSA and a non-...
user40269
1
vote
2
answers
428
views
How can Canadians recover U.S. withholding taxes on U.S. stock dividends?
I'm Canadian, but I like U.S. ETFs because there's more variety than Canadian ETFs.
What means "recoverable" below? 100% fully refundable to me?
How do I recover U.S. withholding taxes?
...
user40269
3
votes
1
answer
366
views
How to buy private company stock using a registered account (e.g. LIRA, RRSP)?
I would like to invest is a private company using money from my LIRA (locked in retirement account).
I know this is allowed, similar to holding private mortgages under these accounts, but how do I ...
- 31
2
votes
2
answers
123
views
Why does CAD-hedged S&P 500 ETF suddenly not track to actual index
At the time of posting this question, the BlackRock ETF XSP is down approximately 1.3% during the period Dec 24 9:30 am - Dec 31 10:30 am, while the actual index is down approximately 0.3% during the ...
- 21
0
votes
2
answers
195
views
Savings Question, how to invest
I have about $20,000 just sitting in a TFSA, I do plan to spend it (on a vehicle) in about 12-16 months, so I don't want to lock it away, is there anything better then the TFSA? I am Canadian.
- 1
0
votes
1
answer
1k
views
Does it make more sense to purchase VTI or VUN?
I live in Canada. VTI and VUN are both US total market index funds through Vanguard. VTI is the American version, VUN is the Canadian version.
VTI has an MER of 0.04% but the dividends are subject to ...
- 2,592
0
votes
1
answer
124
views
Efficient Canada investment account after maxing out TFSA that is not RRSP?
What kind of investment accounts in Canada are tax-efficient and allow holding U.S. stocks (Amazon, Google, etc.)?
I have maxed out my TFSA, and would prefer not to lock money in retirement-inclined ...
- 113
0
votes
3
answers
501
views
All my investments goes through the same financial firm. Is that a bad idea?
In the past year, I invested $1k per week in a diversified portfolio through a financial firm. The money belongs to my incorporation. My goal is to invest as much as possible and never use it, ...
0
votes
1
answer
349
views
How to start investing at a younger age?
I am currently 23. I live in Quebec, Canada and I work full time at $17.31 per hour. My salary will increase 1% to 6% every December.
For the time being, my cost of living is relatively low. I ...
- 282
8
votes
1
answer
683
views
Should I pay down mortgage faster or Invest?
I've a appx 450K mortgage left at 2.49% (5 year term with a 25 year mortgage).
I've a few options to pay my mortgage faster
Increase principal payment amount once/year
Change payment frequency from ...
- 329
12
votes
3
answers
7k
views
Capital gains on stocks sold to take initial investment off the table
Suppose I have invested $100K in a stock that was trading at $100 per share. The stock has gone up by 10 percent and is now at $110. I sold 909 units at $110, i.e. 909*$110 ≈ $100K, which is ...
1
vote
0
answers
66
views
What type of trading is taxable in a TFSA investment acount?
I always assumed that capital gains in TFSA is non-taxable until I read that people who use TFSA investment account for day trading are starting to being audited by the CRA.
So, what types of ...
- 329
7
votes
1
answer
392
views
Ought a 63-year old working hotel employee commence an RRSP?
If I understood Global News, MoneySense, the Wealthy Barber, and Reddit, my dad ought NOT start or contribute to an RRSP! Right? Thanks.
Facts
He's 63 years old, and has no children under 18. He ...
user40269