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1h6wbyj | The following is from a Toronto Star article.
I must be missing something as I don’t understand the benefit of withdrawing money from your TFSA in order to have more contribution room the following year. Why not keep the funds in the TFSA so that you they continue to grow tax free.
Can someone clarify this?
“Tax-free growth is a major draw of the TFSA. What’s more, Ian Calvert, vice-president and principal at HighView Financial Group in Toronto, says you can get even more value out of your TFSA through strategic withdrawals in December.
If, for example, your start-of-the-year $1,000 TFSA investment has grown to $5,000 by year end, you can withdraw the gain (or whole amount) to “crystallize that TFSA room moving forward,” says Calvert. In other words, whatever amount you take out in December frees up that contribution headroom by Jan. 1 — on top of the 2025 TFSA limit of $7,000, growing your lifetime contribution room by $12,000.” | 42 | Johnbmtl | 2024-12-05T00:46:23 | null | Strategic TFSA Withdrawals | /r/CanadianInvestor/comments/1h6wbyj/strategic_tfsa_withdrawals/ | false | false | false |
1h6wjci | I had opened a TFSA and thrown some cash in there, but I'm now realizing that I may have wasted some of my contribution room since my income will be well below the poverty line this year. Should I leave what I have in the TFSA and use an unregistered account until I'm making enough income to get taxed, or what would be the best course of action? | 2 | MrDonut100 | 2024-12-05T00:56:03 | null | What account should I invest in if I’m below the poverty line? | /r/CanadianInvestor/comments/1h6wjci/what_account_should_i_invest_in_if_im_below_the/ | false | false | false |
1h6xvy5 | I have $300 to invest for a few months. I want it to be liquid in 5 months so I can use it to go toward something I've been saving toward for a while. I have a TFSA that I manage with wealthsimple and a HISA at 3.5% with Simplii. I'd like to see a bit of growth, but am also open to some risk. I know in any case the amount earned will be minimal, but I am still interested to hear advice on how best to invest this money. Any ideas or input are much appreciated. | 0 | Puzzleheaded_Cell428 | 2024-12-05T02:00:20 | null | Best 5 month investment for $300 | /r/CanadianInvestor/comments/1h6xvy5/best_5_month_investment_for_300/ | false | false | false |
1h76n0j | Your daily investment discussion thread.
Want more? Join our new [Discord Chat](https://discord.gg/4Q6mzTWz3D) | 14 | OPINION_IS_UNPOPULAR | 2024-12-05T11:00:28 | null | Daily Discussion Thread for December 05, 2024 | /r/CanadianInvestor/comments/1h76n0j/daily_discussion_thread_for_december_05_2024/ | false | false | false |
1h77r0g | 138 | iliketodrinkpaint | 2024-12-05T12:10:32 | null | CIBC hikes dividend as profit beats expectations | /r/CanadianInvestor/comments/1h77r0g/cibc_hikes_dividend_as_profit_beats_expectations/ | false | false | false |
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1h77xxb | 29 | iliketodrinkpaint | 2024-12-05T12:21:48 | null | BMO misses expectations on higher credit loss provisions, but raises dividend | /r/CanadianInvestor/comments/1h77xxb/bmo_misses_expectations_on_higher_credit_loss/ | false | false | false |
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1h7872s | 123 | TakedownMoreCorn | 2024-12-05T12:36:25 | null | Canada's TD Bank quarterly profit falls on US business weakness | /r/CanadianInvestor/comments/1h7872s/canadas_td_bank_quarterly_profit_falls_on_us/ | false | false | false |
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1h7a6gy | Hello,
Im wondering if there is a good stock to put my cash in with RBC like a savings account that guarentees my principal. The people i know all bank with TD and they use TDB8150 which doesnt seam to have any fees attached to it and you can withdraw at anytime. Anyone know of a equivalent with RBC?
Thanks, | 2 | SarebearMc | 2024-12-05T14:18:15 | null | Where to park Cash for TFSA with RBC | /r/CanadianInvestor/comments/1h7a6gy/where_to_park_cash_for_tfsa_with_rbc/ | false | false | false |
1h7arks | 0 | Frequent_Finance3904 | 2024-12-05T14:45:50 | null | I can finally post DEFI here! Ive been trying for around 6 months but the rules did not allow it! Now, you can join the party. Its still Early! | /r/CanadianInvestor/comments/1h7arks/i_can_finally_post_defi_here_ive_been_trying_for/ | false | false | false |
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1h7b3zp | So I am 35 years old and am just starting to get into stock investing for the long term. I plan on just buying 1-2 etfs a month type of thing. I may sell some of my precious metals and or collectibles to fund a lump some starting point.
Few questions
Am i getting started too late? I do own my own house i have 0 debt except for my mortgage. I have about 30-40k in other assets such as metals, pokemon, comics and small crypto. Am I wasting my time my plan is to purchase xeqt or veqt for the next 10-15 years.
Second question is
I feel like xeqt and veqt are almost the same I don't know which one to purchase i was just going to pick by selecting the one that has the cheapest share prices right now and that's how I will pick. Is that a stupid way to choose? | 8 | ThadMyster | 2024-12-05T15:01:21 | null | New to investing | /r/CanadianInvestor/comments/1h7b3zp/new_to_investing/ | false | false | false |
1h7e2tn | My bank suggested this instead of a GIC (hoping to use the money in under 5 years to buy property). I am very new to investing so I am not sure what red flags to look for or things to consider. Any insight would be a great help!
https://preview.redd.it/ne8nbtt2b25e1.png?width=1150&format=png&auto=webp&s=7a77c76e01d0c426a04b6104d86fe9347b74d8fe
| 4 | jmuneyyy | 2024-12-05T17:07:53 | null | Any thoughts on this investment suggestion from my bank? | /r/CanadianInvestor/comments/1h7e2tn/any_thoughts_on_this_investment_suggestion_from/ | false | false | false |
1h7e5a4 | I have a Physical Stock certificate that was purchased in my name by my grandmother back in 2003.
The Certificate is Enerplus Resources Fund, by Enermark Inc.
20 Units, purchased back on June 23, 2003.
CIBC Mellon Trust Company was (is?) the Trustee
Enerplus was acquired by Chord Energy this year , and is now a de-listed stock. Enerplus shareholders recieved 0.10125 shares of Chord Energy Common stock, and $1.84 USD per share in cash for each enerplus share.
Questions:
1- How do i figure out the current value of this stock? I assume dividends would have been re-invested over the last 20 years?
2- How do i relinquish this physical certificate and transfer the shares into my brokerage account? | 0 | Southern-Actuator339 | 2024-12-05T17:10:43 | null | How do I convert a physical stock certificate into shares deposited into my brokerage account? Was given an old physical copy of Enerplus Resources Fund from June 2023. | /r/CanadianInvestor/comments/1h7e5a4/how_do_i_convert_a_physical_stock_certificate/ | false | false | false |
1h7fazn | people who have been investing in US stocks for a long time, have you noticed a difference in which account you put USD in? in terms of which account is more flexible, grows more, give you less work to do for taxes/keeping track of things etc. | 12 | greenmatchay | 2024-12-05T17:58:28 | null | what is your favourite account to hold US stocks? TFSA? RRSP? Non-registered? and why? | /r/CanadianInvestor/comments/1h7fazn/what_is_your_favourite_account_to_hold_us_stocks/ | false | false | false |
1h7gqvl | Hey - sorry if this has been posted before, but I searched the sub and couldn't find my answer.
I was just wondering what the the limit to purchase a stock and receive the dividend? For example, I saw TD announced a dividend of $1.05 per stock for those holding the stock by Jan 10. This is purely a question, but if I purchase the stock on Jan 9 for example - would I be entitled to the dividend? Do I still need to be holding it by Jan 31 to receive it?
Thanks. | 1 | hiddenlight | 2024-12-05T18:57:18 | null | Deadline to purchase stock and receive dividend? | /r/CanadianInvestor/comments/1h7gqvl/deadline_to_purchase_stock_and_receive_dividend/ | false | false | false |
1h7j4t0 | https://www.bnnbloomberg.ca/business/company-news/2024/12/05/portfolio-manager-says-steer-clear-of-td-for-now-after-bank-cuts-guidance/ | 3 | roger5gthat | 2024-12-05T20:36:40 | null | What your take on this news | /r/CanadianInvestor/comments/1h7j4t0/what_your_take_on_this_news/ | false | false | false |
1h7jv6l | I'm very new to investing and have so far only invested into my TFSA and RRSP with Wealthsimple. As I'm getting close to my contribution limit, I will be starting a non-registered account soon and I have some questions about taxes on dividends.
1) How do I find out if the dividends count as Eligible Canadian Dividends? I'm planning to invest in ZGRO.T and I can find the dividend pay-out dates, but I don't know if they are eligible or non-eligible.
2) I've read that I need to keep track of any dividends I reinvest since it affects Adjusted Cost Base, but what if I withdraw the dividends because I need it to cover some living expenses? Will I need to keep track of these withdrawals and report them on my taxes? | 2 | throwawayreddit561 | 2024-12-05T21:07:15 | null | Eligible Canadian Dividends and Taxes | /r/CanadianInvestor/comments/1h7jv6l/eligible_canadian_dividends_and_taxes/ | false | false | false |
1h7lg9b | Hi everyone,
As the tittle suggests, I’m confused which account to use for trading. I have a TFSA account in wealth simple and a cash account in IBKR (will move it to margin). I started investing in US etfs like voo,vxus through Wealthsimple US account and I want to start day trading US stocks through IBKR. I’ve seen that CRA doesn’t allow you to day trade through TFSA, so I shouldn’t use my Wealth simple account for day trading? | 2 | vrogo_ | 2024-12-05T22:14:19 | null | Need help with brokerage and CRA | /r/CanadianInvestor/comments/1h7lg9b/need_help_with_brokerage_and_cra/ | false | false | false |
1h7mu3s | Hi, I’m looking for suggestions on a broad ETF that is closer to 50/50 equity/fixed income that has more US compared to Canada exposure. I currently have some black rock products. I know that XBAL exists that’s 60/40 but has more Canada than I’d prefer. Any suggestions? Thanks | 1 | clear456 | 2024-12-05T23:15:00 | null | ETF Question | /r/CanadianInvestor/comments/1h7mu3s/etf_question/ | false | false | false |
1h7pzqe | As the title says- I’m curious to hear how others have chosen to diversify the fixed portion of your portfolio. ZAG, GICs, CASH, CBIL, individual bonds, REITs, preferred shares, etc. Tell me how you’re going about it and why.
Feeling like there’s too many clouds on the horizon to be satisfied with just one bond fund. Maybe I’m overthinking it. | 7 | Logarythmandblues | 2024-12-06T01:44:12 | null | How to diversify the fixed stuff | /r/CanadianInvestor/comments/1h7pzqe/how_to_diversify_the_fixed_stuff/ | false | false | false |
1h7yvpn | Your daily investment discussion thread.
Want more? Join our new [Discord Chat](https://discord.gg/4Q6mzTWz3D) | 33 | OPINION_IS_UNPOPULAR | 2024-12-06T11:00:28 | null | Daily Discussion Thread for December 06, 2024 | /r/CanadianInvestor/comments/1h7yvpn/daily_discussion_thread_for_december_06_2024/ | false | false | false |
1h81kfq | 475 | MilesOfPebbles | 2024-12-06T13:40:02 | null | Jobless rate reaches 6.8% in November, highest since January | /r/CanadianInvestor/comments/1h81kfq/jobless_rate_reaches_68_in_november_highest_since/ | false | false | false |
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1h82qw6 | 25 | roadhouse_01 | 2024-12-06T14:37:45 | null | Canadian Tire to Keep Financial-Services Business After Strategic Review | /r/CanadianInvestor/comments/1h82qw6/canadian_tire_to_keep_financialservices_business/ | false | false | false |
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1h83sw4 | Hello I’m a bit new to investing so i have a quick question.
I used RBC direct investing. I bought 10 and some odd partial shares of VOO before I realized there was VFV in CAD and I’m looking to sell all the VOO in my TFSA so I can keep it all nice and in one stock that trades in CAD.
My question is, when I go to sell the VOO because I have 10 shares and then partial shares. Does it automatically sell the whole thing if I put in 10 shares to sell or am I left with less than one share that I’m unable to sell untill I make it whole?
Sorry for the ignorance and thank you for anyone who can help me. | 2 | Individual-Note-6996 | 2024-12-06T15:25:03 | null | Selling Partial Shares | /r/CanadianInvestor/comments/1h83sw4/selling_partial_shares/ | false | false | false |
1h85775 | Most are around 15 or lower. Does this mean they are undervalued right now? Even after a year of amazing growth? | 25 | TungstenEnthusiast | 2024-12-06T16:25:26 | null | Why do Canadian banks have low P/E ratios? | /r/CanadianInvestor/comments/1h85775/why_do_canadian_banks_have_low_pe_ratios/ | false | false | false |
1h87g6e | “The government will support Cohere for as much as C$240 million ($170 million) as part of its C$2 billion Canadian Sovereign AI Compute Strategy.
“Canadian champions drawing in billions of dollars in investment to build infrastructure is a home run when it comes to putting policy in action,” Francois-Philippe Champagne, Canada’s innovation minister, said in a statement.” | 30 | funguscreek | 2024-12-06T18:00:33 | null | Cohere, CoreWeave partner to build a data centre with help from Canadian Government | /r/CanadianInvestor/comments/1h87g6e/cohere_coreweave_partner_to_build_a_data_centre/ | false | false | false |
1h8a0l8 | House closing will be 6 months from now, it is good time to exchange usd to cad or wait? | 0 | isanonymouss | 2024-12-06T19:49:42 | null | Is it good time to change my usd to cad? at 1.41 or cad will lower more? | /r/CanadianInvestor/comments/1h8a0l8/is_it_good_time_to_change_my_usd_to_cad_at_141_or/ | false | false | false |
1h8a92c | TD stock has taken a beating the past year being almost done 13%. Out of all the major banks in Canada (including BNS and their shit-show online banking) they are closest to their 52 week low whereas the other banks are closer to their 52 week high.
I get that TD will have some flat revenues due to shady practices (drug cartel laundering), but I am wondering if this a good buying opportunity to hold in my RRSP for the next 30 years with DRIP.
I have about 50k that I am thinking of splitting between TD and Google (and maybe Dollarama - I like their growth plan) | 60 | numberoneheadband | 2024-12-06T19:59:59 | null | TD stock - near 52 week low. Good investment? | /r/CanadianInvestor/comments/1h8a92c/td_stock_near_52_week_low_good_investment/ | false | false | false |
1h8abg4 | Ive been all in VEQT and recently benefited a decent amount from the falling Canadian dollar. Does it make sense to sell VEQT and buy the underlying funds but replace VUN.TO with VSP.TO so I protect myself a bit from the eventual (guessing here) recovery of the CAD? | 2 | Mac748593 | 2024-12-06T20:02:31 | null | VEQT hedging question | /r/CanadianInvestor/comments/1h8abg4/veqt_hedging_question/ | false | false | false |
1h8bk61 | Hello Jello
Guess I made a mistake a few years ago and set up 3 individual RESP account with TD mutual funds instead of a single family one. How easy is it to convert 3 individual RESP accounts into a Single family account for 3 kids? How does this factor with CESG grants? Can i still get up to $500 per child (so $1500 a year).
I'm asking because I'm sick of re balancing 3 individual mutual funds accounts and want to put everything into a single ZGRO/XGRO/TGRO/ZGRO or something like that with the CESG contributions put into a 20/80 allocation like XINC.
Would I face any pelaties on converting 3 individual RESPS into a single family RESP? | 1 | henchman171 | 2024-12-06T20:58:03 | null | How Easy is it to create a family RESP from 3 individual RESP accounts? TD mutual funds | /r/CanadianInvestor/comments/1h8bk61/how_easy_is_it_to_create_a_family_resp_from_3/ | false | false | false |
1h8blvb | Your Weekend investment discussion thread.
Want more? Join our new [Discord Chat](https://discord.gg/4Q6mzTWz3D) | 5 | OPINION_IS_UNPOPULAR | 2024-12-06T21:00:14 | null | Weekend Discussion Thread for the Weekend of December 06, 2024 | /r/CanadianInvestor/comments/1h8blvb/weekend_discussion_thread_for_the_weekend_of/ | false | false | false |
1h8clrc | Im in my early 30s make low 6 figures in tech (unstable), married with no kids (yet). My wife also makes low 6 figures (very stable) and we own a home that takes about 30 to 40% of our gross monthly income. (Where we live this is very very common and on the low side.) Outside of our Mortgage we have zero debt and we have an ok retirement savings plan.
I bought 20,000 USD worth of TSLA many years ago and it is now worth close to 170,000, it is in a TFSA so all the gains are tax free.
Im considering selling a portion of my position and reinvesting it into an index fund so I can lock in my luck in case things go south for the stock.
How much should I sell?
I still think TSLA has upward potential long term and am genuinely a fan of the company regardless of the horrendous actions and comments of the CEO.
What is the best way to approach a situation like mine? | 69 | vancouvertechguy | 2024-12-06T21:44:04 | null | I got lucky and now im wondering what I should do | /r/CanadianInvestor/comments/1h8clrc/i_got_lucky_and_now_im_wondering_what_i_should_do/ | false | false | false |
1h8dccr | I want to start studying Canadian companies past P/E and EPS. Where can I find this info? Thanks to all! | 1 | Outrageous_Hawk_7919 | 2024-12-06T22:16:37 | null | How to find EPS for years past? | /r/CanadianInvestor/comments/1h8dccr/how_to_find_eps_for_years_past/ | false | false | false |
1h8ezdb | I am new to investing and learning on the fly. Through my own research think that I have made a small 'mistake'. I use TD Direct Investing as my brokerage. My portfolio is small (60k) and I am mainly invested in XGRO. I did some stock picking with a little chunk of the pie (\~8k). I purchased these US Stocks in my CAD RSP account. I do have a USD RSP account (also with TD) as well but was unaware that I should have been using that to purchase US stocks. TD has a securities transfer function where I can transfer the stocks over to my USD RSP account. Is this something I should do? If so, does anyone know if TD charges to do this? I have looked everywhere and can't find that answer. Any and all advice is welcome. Thanks for taking the time to help. Have a great weekend.
Edit: I just called them. No charge to switch and as an aside when asking about their exchange rate they admitted it is trash/terrible. | 2 | CussyTooTussy | 2024-12-06T23:33:22 | null | Advice please. US Stocks in a CAD RSP account... | /r/CanadianInvestor/comments/1h8ezdb/advice_please_us_stocks_in_a_cad_rsp_account/ | false | false | false |
1h8im1b | With the threat of 25% tariffs on the table I am surprised that the TSX hasn’t even blinked. I’m reading this as the markets assuming that there is a 0% chance of them being implemented.
While we all know the pain this would cause, I’m wondering why this is unimaginable. Tesla supposedly has one of the most vertically integrated supply chains and seems like a potential winner. If anyone knows how serious Trump is, it’s Musk and would expect Tesla to be very well positioned.
In the event these were enacted, even for a one month period, what is the net impact on the Canadian economy? | 0 | Bat_Bite | 2024-12-07T02:37:36 | null | Tariff Risk | /r/CanadianInvestor/comments/1h8im1b/tariff_risk/ | false | false | false |
1h8mzeo | 0 | Puzzleheaded_Cell428 | 2024-12-07T07:01:52 | null | Can someone please explain the obsession with XEQT on this sub? What is going on and why are people so obsessed? | /r/CanadianInvestor/comments/1h8mzeo/can_someone_please_explain_the_obsession_with/ | false | false | false |
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1h8n53d | For folks who did forex for USD to CAD and are employed, do you actually keep track of ACB for tax purposes, when gains is > CAD 200?
It gets quite complicated when you hold US securities, transfer USD cash to RRSP, pay off a USD credit card bill and have USD dividend income.
Few CPAs i consulted dont suggest to go through this pain. | 0 | EternalAj | 2024-12-07T07:12:59 | null | General opinion on USD to CAD and taxes | /r/CanadianInvestor/comments/1h8n53d/general_opinion_on_usd_to_cad_and_taxes/ | false | false | false |
1h8pu18 | ERROR: type should be string, got "https://preview.redd.it/54lmg4dhke5e1.jpg?width=828&format=pjpg&auto=webp&s=cd50388c6c4ae6f71ff6804b89b45027803c54b3\n\nHi everyone, I turned 18 end of June and since then, I've maxed out my TFSA and begun investing. I have shares of NVDA, RKLB, NFLX, SPOT, etc. and under 10% of my money is in crypto. I occasionally deal in options but almost never put more than 200 dollars in one trade. I actively read the news so I have a general idea of what's going on the market but try to stay under/around 5 trades a month to prevent my account from getting flagged for day trading. I have considered opening a FHSA and RRSP but in my opinion I would rather save for my next year of schooling/rent and my first car. \n\nI'm not working during school as I'm trying to focus on getting high grades for now, but when I'm home I teach piano privately at home and work full time during the summer for camps. I've been filing my income tax every year since 2021 (I was 15 at the time but worked as a newspaper carrier) and have accumulated a few thousand dollars in RRSP contribution room (haven't used any). \n\nMy parents have a RESP for me, and based on our calculation, it should be able to cover at least 80% of the remainder of my bachelor's degree, but since there is a lot more money in there compared to what I have, I'm trying to pitch in as much as I can out of my own pocket so the RESP can continue growing (my logic is that 20% gain of my 8k is a lot less than even a 10% gain in my RESP's 80k). As of now, I am planning to do a master's degree (either dental or optometry) and I know how expensive tuition is for those programs. \n\nWhich is why I'm wondering if there's anything I could be doing differently or better - I would appreciate any constructive criticism. Dental would set me back 150-200k for just 3 years of schooling, and though I'm confident I'll make it back as being a dentist pays well, I want to minimize the amount of student loan I'm left with after graduating. Thanks in advance. " | 2 | iimperatrix1 | 2024-12-07T10:35:14 | null | What could I be doing differently/better? | /r/CanadianInvestor/comments/1h8pu18/what_could_i_be_doing_differentlybetter/ | false | false | false |
1h8qo4j | Hello all,
I hope everyone's keeping warm this winter,
I'm a novice investor who just started a couple of years ago.
I've been barely maxing out my TFSA & FHSA contributions and had little money in RRSP.
I recently was advised by one of the senior investors whose a friend to
-Invest full TFSA limit till the end of the year,
-Pull off all the investments, and move them to RRSP
That way you get a tax break which lessens the tax I pay out plus I can buy American stocks in RRSP long term and not charged taxes.
I'm oj the fence as I don't know how the economy will be next year but I wanted to see what's the pro and con to this...
Insights will be appreciated.
Thanks | 1 | lost_In_GTA | 2024-12-07T11:36:37 | null | Investment strategy- looking for comments/insights | /r/CanadianInvestor/comments/1h8qo4j/investment_strategy_looking_for_commentsinsights/ | false | false | false |
id | This is a sample post content. Just for demonstration purposes! | 457 | sampleUser123 | 2023-10-26T14:30:45 | Discussion | Sample Post Title: How to Use Hugging Face? | /r/sampleSubreddit/comments/sampleID/sample_post_title_how_to_use_hugging_face/ | false | false | false |