All Questions
16
questions
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
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
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
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
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
2
votes
0
answers
61
views
Minimize taxes when transferring investments from one account to another
Located in Ontario, Canada
I have three investment accounts with managed by a TD-bank financial planning account:
TFSA (currently maxed out)
RRSP
Non-Registered
All three accounts have their funds ...
- 132
3
votes
1
answer
229
views
Deposit shares in TFSA before capital gain that exceeds contribution limit
I find myself in an interesting position right now. I bought into a private placement and my escrow will be ending in a couple weeks. The kicker is that, if I were to deposit the shares into my TFSA (...
- 130
4
votes
0
answers
118
views
What's the tl;dr investing rules for married Canadian citizens when one partner happens to have US citizenship?
Canadians with US citizenship have several things to consider regarding investments:
Canada's Tax-Free Savings Account (TFSA) is not considered tax free by IRS, and filing taxes may significantly ...
- 141
1
vote
1
answer
105
views
Tax Efficient Medium Term Investment Options (Flexible Timeline)
I have recently opened up a new taxable investment account with the intent of growing my money set aside for short to medium term financial goals (i.e., 2-5 years with no fixed deadline).
Unlike my ...
- 145
1
vote
1
answer
146
views
Better to have a non-registered (taxable) investment account in one/both names and/or based on income?
This question is for those familiar with Canada's income tax laws.
My wife and I have maxed out our TFSAs. We also max contribute to our kid's RESPs. We also contribute a healthy amount to our RRSPs ...
- 243
3
votes
3
answers
542
views
Getting financial advice: Accountant vs. Investment Adviser vs. Internet/self-taught?
Previously, I was a simple case: I earned a salary, and I paid taxes. Therefore, I've been filing my own tax returns using online software.
Now: + wife, + kid, + mortgage, + want to contribute to ...
- 319
5
votes
2
answers
2k
views
Non-tax-resident of Canada needs to pay taxes for investment account earnings?
if a person were to be a non-resident of Canada without jobs, a spouse, kids, asset (houses, cars etc.) in Canada, then that person would not be obliged to file a tax report. However, if that person ...
- 51
6
votes
2
answers
158
views
Is there a term for people who manage the money of dual citizens?
I'm a dual citizen of the United States and Canada. I'm afraid to invest in anything because the tax treaties and laws between the two countries make everything too complicated for me to follow.
Even ...
- 61
3
votes
1
answer
413
views
Does your employer have to hold back taxes on your paycheque?
I've been looking at ways to increase the amount of liquidity that I have on a day-to-day basis, and notice that I have quite a fair amount of my bi-weekly pay cheque going right to taxes that I'm ...
- 380
9
votes
1
answer
14k
views
How many days do I have to hold a stock before it is considered a capital gain by the CRA?
I want to sell a Canadian stock from my investment account that I bought a month ago. The stock makes about 20% gain and I am afraid it might go down in the future. If I sell it now, will Canada ...
- 93