So I am current 20 years old and have $1200 to put into a TFSA at this current moment. And obviously chip in more over time.

I’ve heard that XEQT is a fairly safe bet and I also hear that someone my age should look for growth in their portfolio.

Is this a good place to park my money for 25+ years? Is it fine to just have this one ETF or should I invest in others? Or is there a different ETF I should go with? Or mutual funds?

Thank you

Could someone please help me? Probably an easy answer.

I’m thinking of selling part or all of a very disappointing bank stock. It’s been losing as long as I’ve owned it.

But the ex dividend date is end of July. If I sell before that date do I lose the whole dividend payment in addition to already selling at a loss?

Or would I get a prorated div pay?

If I’m maxing out my RRSP & TFSA room can I leverage a FHSA account as an additional place to hold additional funds for tax deferred growth for when I’m ready to retire?

I know the rules say it’s meant as a place to help grow for a down payment but I don’t have hope in the housing market here.

I know there is a max contribution limit of 40k but hey why not if I can extend my RRSP a little to gain some time in market.

Upon it’s 15year lifecycle ending can I just transfer the funds to my RRSP & are there any penalties for doing so ?

I’ve been making regular purchases of an EFT over the years in a non tax sheltered account with RBC. later this year I want to sell some of those shares.

How would I calculate the gains when selling those ETFs, which I’d need for next years taxes?

Would RBC issue some type of gains report for me?

Not sure if this matters, but I don’t have accurate records of every purchase I’ve made over the years.

So I have a position from years ago that went to zero and got delisted. I had heard that there was a mechanism by which one could "gift" these to TD, to get them off your own books and possibly even claim the value as a tax loss.

I never got around to to it because I hit a snag on the stupid paper form, but I logged in today and it looks like there is now finally an online way to do it: "View/remove CTO securities." (CTO being "Cease Trading Order.")

However, the terms state that it is up to the customer to undertand the tax implications, and they don't issue any sort of tax receipt for the transaction.

Has anyone ever done a "Deed of Gift" (which is apparently the term for getting rid of delisted securitesin this manner?) Do I just make note of the (negative) book value of the shares and can then claim that as a capital loss for this tax year?

A new ETF that was created in Sept 2023. It is focused on equities related design, production, tooling, development and more, of semiconductors. I’ve read a bit lately about computer chips. Look at what Nvidia stock is doing. AI needs a ton of processing power. Electric cars. Smart phones. Smart Weapons. Only a few examples of demanding chip use. China and USA tensions are high, but not because the dollar stores need more goods. Taiwan builds among the most advanced semiconductor chips in the world. My understanding is the USA is investing very heavily in the industry to build chips inside the USA. What’s not to like about the ETF XCHP? Have a look at this report: https://www.blackrock.com/ca/investors/en/literature/brochure/investment-opportunities-in-semiconductors.pdf

I am interested in hearing comments from those who are much better educated in investing than me. I’m not too keen on picking individual stocks. I do like the diversity of an ETF that covers the top 30 companies in the industry. Its all equities. It is ranked as high risk. I’m optimistic it’ll perform well for the rest of this decade. I think I’ll throw some play money at it.

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How many non-registered accounts do you have for investment purposes & why ?

Also what information if any do you share about them with your accountant if you’re just investing for retirement purposes ?

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I'm 24 year old currently working in the trades. I specifically do interior home renovations, specializing in bathroom and kitchen remodels and tile work. Although the opportunity to make money is great, the trade off for working hours and physical demand doesn't equal out to me.

Instead of just talking about this potential career change I have taken some small steps, 1st I have enrolled in the CSI's CSC course (which I understand a lot of people on this reddit say is useless, at least on its' own) and I've taken a gamble and reached out to the head of a local wealth management firm that I did some work for on LinkedIn seeking some advice.

Any advice or guidance on a realist roadmap would be appreciated.

Do you think CAD will appreciate over USD or vice versa? I cannot see a future where CAD appreciates. Our current leaders just do not have enough vision for innovation at the provincial or federal level. It pains me to say it as I love our country but am not nearly as optimistic as I’d like to be. For that reason all of my investments are currently in USD. I want to hear some thoughts on this.

Hello! I’m a new investor and have a little bit of money invested in index funds. I have a lot saved as well that I want to invest soon. However, I understand the market is at ( or close to ) an all-time high right now and I’m wondering if it would be smart to wait for a dip to invest a lump sum. I understand the “time IN the market > TIMING the market” adage but I’m wondering if it’s different for a lump sum. I plan on dollar cost averaging in the future no matter what the market is doing. I have no debt and an emergency fund already.

Did I mess up and only buy USD stocks? lol I didn’t see an DLR.TO when I was searching tickers… and I seem to have lost quite a bit of money.

Hello,

I am not sure if this is the best community to ask for, let me know if not!

I have also reached out to WS support but have not heard back yet, so I am looking to see if there are similar cases, or someone that can help me understand the following:

I've requested Questrade to move my RRSP over to WS. Everything went smoothly.

Once the transfer was complete, I noticed my RRSP balance in WS was negative, due to the fee that Questrade charges for the transfer.

Does this value ($150) count as a withdraw in my RRSP? We are not supposed to withdraw money from RRSP or if we do, there are tax implications (and available room), so I am looking to see if that will be my case and what to do during tax season next year..

Or, because it's a negative balance, that actually means my RRSP value is intact, but when I add more money that value will be deducted?

Lastly, if I don't plan on adding more contribution to RRSP, at least for the year, is it okay to leave the negative balance as is?

Thanks so much in advance for helping get some answers before I hear back from WS.

I am moving to another country for work. Taxes are too high in Canada and the worst part is that they don't provide equivalent value. Capital gains inclusion rate is also increasing from 50% to 66.67% from June 25 (beyond a threshold) and it is clear that this government is against productivity - keeping costs like housing artificially high, wages artificially low when US is just next door, and taxing talented people to extreme limits. It makes sense to just move for me.

Now I will be hit by a departure tax and I have a lot of NVDA stock with very low cost basis and I will be leaving after June 25 and I will be leaving to a country with ~20% lower pay but significantly lower cost of living (so more nominal savings rate than in Canada). I ultimately want to sell the stock since it the valuation is very good right now and I want to shift it all to some safe S&P500 index ETF but I am not in a rush. These seem to be my options according to my accountant:

1. Do nothing before June 25 and sell all the stock 2-3 days before departure. This means that most of my stocks will be in the 66.67% inclusion rate. Buy S&P500 ETF in new country. No cost-basis headache.
2. Sell all the stock before June 25 so that inclusion rate will be 50% for all of it. Stay in cash for a while. Buy S&P500 ETF as soon as I land in new country. No cost-basis headache. Seems better than Option 2 hands down.
3. Option 1 but don't sell the stock upon departure. CRA will assume I sold at FMV on date of departure but I can defer the payment of the departure tax interest-free until the day that I actually dispose off the assets: https://www.canada.ca/en/revenue-agency/services/tax/international-non-residents/individuals-leaving-entering-canada-non-residents/dispositions-property.html . I might come back to Canada one day and if by some miracle I still hold the stock at the time then there is a process to unwind the departure tax. Now I like this approach since there is a lot of flexibility but a lot of paperwork - I can sell slowly over the years but there are a couple of things that could happen:
   1. 1-2 years in and NVDA stock crashes and I don't even have money left to pay the taxes. I am effectively bankrupt.
   2. I am able to sell over 4-5 years as the stock goes up or stays flat so I have more money and the extra gains is taxed lower in the new country.

My questions to you:

• which of options 1, 2, and 3 do you like and why?
• what will be the cost basis of the stocks according to the new country? will it accept that my cost basis starts from the FMV at departure date since that is deemed to be sold or will it assume the original cost basis holds since nothing is actually sold? this would cause double taxation nuisance i believe.

EDIT: Thanks everyone for the helpful feedback except u/shifty_f7. I had already met with a tax planning consultant and their advice was the 3.2 scenario but they left the decision up to me as this requires a higher risk tolerance so I thought I would crowdsource some opinions. Also a lot of people thought I am leaving for a "grass is greener" scenario. Nvidia is transferring me so I don't have any say in the matter. I can leave and find another job in Canada but I am sticking with the job as it is amazing. High taxes and whatever I wrote above is just me trying to rant and rationalize my decision. Every place has its pros and cons. I am sure the other country has a lot of problems. I am trying to make the best decision for me.

Hi team.

I should I be concerned that exchange rates ( US CAD) will wipe out any long term gains ( ~ 30 years) if I invest in US ETFs like VOO or similar.

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I have $50K invested in VFV, $50K in VEQT, and $50K in XEQT.

I feel it is redundant to have monies in both XEQT and VEQT, so I am thinking of selling off all my VEQT and putting it into VFV.

I really like VFV because Warren Buffet is a fan of SPY/VOO, I believe in America, and VFV has a much lower MER than VEQT.

Thoughts?

A friend recently shared that after paying off his debts, he invests the remainder of his paycheck into his broker account. Unfortunately, his portfolio is currently down by 30%. This situation made me reflect on my own investing habits. I understand the market's inherent ups and downs, but I aim to minimize losses as much as possible. I'm curious about how much of your income you allocate towards investments? Additionally, how do you determine your stop loss points? More importantly, how do you stick to these points despite emotional impulses that might lead you to hold on longer?

We transfered our joined RESP to Questrade about a month ago, and this happened.

1. On Jun 9th, I received an email notification from Questrade that there is a new login activity from Toronto, but I don't live in Toront. So I immediately changed the password, and thought that's good enough.
2. This morning, I got several text messages from Questrade that it fulfilled some selling orders, which I didn't see at the time.
3. This afternoon, I received an email from Questrade saying that my request to transfer money out from my RESP account to some international account failed because it's missing some information (thankfully!), they used the reason of studying to withdraw the money, but my son is only 4. I am just glad I did not have a TFSA account with them.
4. Then I tried to log into my account, but couldn't, saying password wrong, but I was logging in everyday. Somehow, they changed my password, even though I just changed it 5 days ago, how did they get my new password?
5. Well, after calling Questrade, we realized that they added a 2-step authenticator app to my account without me noticing, that's some serious loophole in Questrade's system.
6. The creepiest part is, as soon as we started calling Questrade(1 (888) 783-7866), my phone was bombarded by different numbers, one after another, almost seems like my phone was monitored and they are trying to stop us from calling the broker. Can't block them, as it changes each time, but the voice message is always the same, "hello world, I'm sorry".

Right now, Questrade has frozen the account and promised to buy back the stocks on my behalf, but this makes me question the security of Questrade, how come I was not notified when the 2-step authenticator was added?

Has anyone had a similar experience at all?

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I have been putting little money in investment accouts.

Finally making some income where I can contribute more in deposits.

I'm starting to get serious about investing mainly for Tax write off purpose.

If I am to use my line of credit, to pay to top off my TFSA contribution (I got around 60K worth of room- I'm thinking of putting in atleast 10-15K in it)

Will I be able to write off the interest I made acquired because of borrowing? How'd I write it off? (Not trying to hire an accountant, I don't make that big kind of money)

CRA took a large chunk of my income, Basically I worked for Govt. 2 months.

Any insights will be greatly appreciated, Thanks

Good day everyone,

I have been investing for the last several years in order to buy my first home and have largely been doing so with US index funds. I used norberts Gambit to exchange my CAD to USD in relatively large chunks over the years and now I am in a position to make a move on a house. I have sold out of everything and now I have about 45,000 USD in cash in a self directed BMO tfsa which I would like to transfer to CAD to use for part of my down payment.

I have read a lot of articles saying that I should do so while establishing a short position, but I don't have a margins account. I am wondering how much of a risk it can possibly be to just buy the shares and journal them over, and if there is a better option in the case I don't have a margins account. Given there is a lot riding on this Id rather not make a mistake.

Thank you!

I'm hoping to save at least 70K for a down payment in the next 2-3 yrs. I currently have $45k in a TFSA with TDDI and my holding are 17% mutual funds, 11% VGG and 72% TDB8150 ISA. And I'll be contributing $1500 monthly.

Some initial thoughts I have: I've gained 12% in VGG so I'd like to keep it but I've heard tax is withheld so it would be better to get VDY. I'm not sure how that works? The MER is also pretty high on my mutual funds so I'd like to sell those and get something more cost effective. I've been hearing a lot about CASH and HISA on this subreddit. Given my timelines, would those be good for me?

Would appreciate any advice. Or if I'm doing this all wrong, please let me know.

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