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
277
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
179
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
111
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
502
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
55
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
485
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
159
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