I recently started tracking what my investment income would equate to as a raise on my income from work.

Anyone else do this or have any other cool suggestions I can add?

Found out today that RBC has a cross border account ($40 a year after promotion) and one of its benefits are transferring currency without a transfer fee... Wouldn't we be able to abuse this to transfer Canadian funds to the purchase on the NYSE without paying the currency fee?

Someone more knowledgeable wanna poke a hole in this.

Hi everyone, I am a fairly new investor with most of my holdings in XEQT. I am curious to know if I should also invest into XEC for more exposure into foreign markets. My understanding is that 66% of XEQT is from North American Markets and the rest are foreign markets.

Or is XEQT enough diversification that I wouldn't need XEC?

My goals are to have them remain in my TFSA for a long time.

Any advice is welcome, and I appreciate it!

Does anyone trade stock options here? I’ve seen some people trade options in their TFSA, but I’m wary of that because of tax implications. I was wondering if anyone does it in an unregistered account, and the advice when trading options. Thanks!

Hi! I am aware this might be a very common request but I am new to the Canadian stock market and I want to start investing/trading in stocks and I want some tips on good broker, and what other things I should consider before starting this journey. I have heard a lot about wealthsimpl, yet I am not sure about it. I'd be grateful for reviews, honest opinions that would help me pick the right brokerage and begin my journey. Apart from broker suggestions, I appreciate any tip for new investors and traders. Thanks!

I don’t have faith in simply holding money or assets in one institution, but I’ve seen on here a lot of people are against splitting the investments? Why? I invest using TD and Wealthsimple, with a 60-40 split with wealth simple holding more, I don’t have any fees other than the Td trading buy and sell, so I don’t have to worry about that. Could anyone provide insight into why? Thanks!

How does the math on this work if it is at $50.16 now? Range from $50.00 to $50.16 from the begining to the end of the month. I get 4.68% to 4.66% when I do the calculation. What am I missing?

I have RRSP account

I would like to hold either physical gold or gold certificates (That it's price equals one ounce of gold )

Not sure what is the right way of doing that

Reason:

Avoid inflation and devaluation of money

Update Phys, XGD doesn't represent the actual gold price PAXG is no longer supported

For those that get periodic dividends in non-registered accounts, what do you normally do with the money in the account.

Do you just reinvest in same stocks, withdraw it as cash?

Reinvesting it is sorta annoying for Tax purposes because my Book cost would need to be recalculated and that gets annoying.

Does anyone have suggestions?

Hi there ,I am 21(M), came here as an international student back in 2021 and working full time now. I started investing last month with tax return and savings of 2k in etf. My distribution are: VFV:50% ZQQ:25% XID: 12.5% ZID: 12.5%

I can save around $250 a month and want to invest it in the same distribution as stated above every month.

As the title says I want to save money for my post-graduation which I am planning to pursue after 3 years. Also, in any case I have a to go back to my hometown back as my plan depends on whether I will get study permit or not, Will I able to transfer my holdings to an Indian broker from Wealthsimple( hypothetically market conditions are bad in the year I have to leave and selling my holdings will result in capital loss)

I am open for your suggestions and advice.

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Good day, all,

Please kindly judge my investment strategy after reading here and several finanace books.

Back story:

I currently own mutual funds in CIBC, Canada life 🤪 with all combined 200k, and I just realised i have been getting robbed after doing my due diligence and reading this year. Hence, i came up with the below strategy

1. Open a Managed Portfolio with Questrade and Wealthsimple and Move all (split even between) mutual funds to their ETfs Growth
2. Open an RRSP with QT and Wealth simple and max out my 2024 RRSP contribution in a Self Directed account comprising of VGRO and VEQT
3. Open TFSA with QT and WS maxing out yearly contribution to buy XBAL and VGRO
4. Open Resp and go for an aggressive option of either managed or self-directed

For the resp, I would like to go very aggressive as I have missed out on years for the kids and want to at least make decent returns

Any thoughts will be highly appreciated for a novice investor

Are capital gain distributions going to be subject to the new 66% inclusion rate. I can't find anything online confirming or denying this. If ETFs sell an underlying asset at a profit will it be subject to the new tax or only in the hands of the beneficiary? Couldn't corporations therefore do a capital gains distribution down the line to the shareholder to avoid the tax if they are under $250k. This doesn't seem to have been well thought out.

Hi guys, as title says. There are SO many out there. So far I've got on my list XEQT, VFV, VEQT. VMO. QQC. What else are out there?, Not too concerned on volatility as i'm looking for the long term, and the charts on those that I list are decent, I know VMO can be appealing being its a global stock with not bad returns since inception, but so far the one that does top them all since "inception" is VFV. at an average of 17%.

I know we cannot see the future. Thinking to split the money into 2, or 3 ETF's and very likely VFV is going to be the 1 of them.

thank you!

Was looking at sub-$200k real estate and seems there are some good properties in Edmonton, Winnipeg, Saskatoon, Red Deer, Medicine Hat. Why hasn't a deep-pocketed firm bought these cheap houses, to slap some paint on and then capitalize on the 0.5% vacancy rates to make some easy rental income? Seems like a no-brainer to me. If I had $10k for a down payment and a flip, I would totally go to town on these markets.

Article

Trudeau dismisses plea from doctors to reconsider capital gains tax change

'We are asking the most successful in this country to do a little bit more,' Trudeau said

Apr 23, 2024 6:48 AM CDT

Prime Minister Justin Trudeau is rejecting a call from some doctors for his government to reconsider its planned capital gains tax hike.

The doctors warn that the tax change could undermine efforts to recruit and retain physicians in Canada and threaten the stability of the health-care system.

Canada is facing a severe doctor shortage. An estimated 6.5 million Canadians are going without access to primary care as family physicians retire en masse and medical schools struggle to recruit new residents to replace them.

Speaking at Wanuskewin Heritage Park near Saskatoon Tuesday, Trudeau said the tax hike presented in the federal budget only asks "the wealthiest to pay a little bit more."

"We just don't think it's right that a student, or an electrician or a teacher be paying taxes on 100 per cent of their income while others have the opportunities to use accountants and pay taxes on only 50 per cent of that income," he said.

A capital gain is the difference between the cost of an asset — a cottage, an investment property, a stock or a mutual fund — and its total sale price.

Right now, only 50 per cent of capital gains are taxable; the budget proposes to increase that "inclusion rate" from 50 per cent to two-thirds on capital gains above $250,000 for individuals.

The budget also proposes to tax two-thirds of all capital gains earned by corporations and trusts.

Canadian Medical Association president Kathleen Ross told the Canadian Press earlier Tuesday that many doctors would be be hit by the hike because they incorporate their medical practices and invest for their retirement within their corporations.

Trudeau defended the measure, saying it's about fairness.

"This is about the fact that in order for people to succeed across this economy, at all generations, we need young people to succeed, we need young people to be able to buy homes in the coming years, we need young people to be confident of the future," he said.

"So yes we are asking the most successful in this country to do a little bit more to make sure that everyone can see themselves in the success of this country."

Ross said the proposed changes would increase "financial strain" on a class of professionals who often do not have access to pensions.

Recruitment and retention

"We have seen this portrayed by the government as tax fairness for every generation, but realistically, there are certain members of the population that are going to be more impacted," Ross told the Canadian Press.

Ross said many doctors set themselves up as small businesses, incorporating their practices to help them deliver services to their patients.

In a statement posted on the CMA website, Ross said the hike "will create another barrier to retaining and recruiting physicians in a time when our health system and the providers within it are already under constant strain."

The statement says that the tax increase undermines the well-being of doctors and "jeopardizes the stability of our struggling health-care system" at a time when physicians are already leaving the profession or reducing their hours.

Ross's concerns were echoed by the non-profit organization Doctors Manitoba.

"A change like the one proposed in the federal budget may have the unintended consequence of making it harder to recruit and retain doctors, and that's a big concern for Manitoba considering we have a record high shortage of doctors right now," a spokesperson from the organization said in an email.

Morneau calls it 'a disincentive for investment'

Former Liberal finance minister Bill Morneau also criticized the proposed changes to capital gains last week, saying it's "clearly a negative to our long-term goal, which is growth in the economy, productive growth and investments."

"This was very clearly something that, while I was there, we resisted. We resisted it for a very specific reason — we were concerned about the growth of the country," he said last week at a post-budget Q&A session with KPMG, one of the country's large accounting firms.

"I think we always have to recognize any measure that creates a disincentive for investment not only impacts us within the country but also impacts foreign investors that are looking at our country."

Jessica Brandon-Jepp, the Canadian Chamber of Commerce's senior director of fiscal and financial services policy, said the capital gains hike could affect growth.

"We oppose any measure which will increase the costs for businesses and Canadians when both are currently experiencing challenging economic headwinds," she said.

In a statement, a spokesperson for Finance Minister Chrystia Freeland said the federal government is changing the capital gains inclusion rate "because it's unfair that a nurse pays a higher marginal tax rate than a multi-millionaire."

"These changes are in addition to the $200 billion we are investing in health care and the enhanced forgiveness of student loans for doctors and nurses wanting to work in rural and remote areas," Katherine Cuplinskas said.

TIL that there are ETFs that use dividends paid by the underlying stocks to purchase more stock instead of paying them to fund holders. You still end up with the same number of shares in the ETF, but the ETF in turn increases the number of shares held in the underlying stocks. An example is Blackrock's IUES, which holds US energy companies (Exxon, Chevron, etc.). I was surprised when I saw it paid no dividend until I figured out this is what's happening.

Since there are no dividend payments, does this mean that there will be no withholding taxes taken by the US? If so, it strikes me that all holdings in a TFSA that would otherwise trigger WH tax should be of the accumulating type? Am I missing something?

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Hi, Im 18 and i've been investing in a bunch of xeqt , riocan reits and a couple cad hedged stocks plus fsz at 4.80 which is my bread winner

But I'm so bored I invested in

Canacol Energy - 20 stocks at 4.58

Well - paid 3.54 for 40 stocks

Verizon Cad hedged - 17.32 3 stocks

I don't know how I did but you guys any stocks I can invest for fun which is like a gamble

Finally in a position where I can do some investing for myself. I already have a decent pension growing, so I am looking to invest into a Wealthsimple TFSA account for the flexibility. I’m looking for high growth, so not adverse to decent risk.

I’m looking at holding a mix of ETFs for total US Market, Nasdaq, and World Market ex-US.

Obviously I am looking for low MER and could use some recommendations :)

What I have so far:

XUU

HXQ (apparently as a swap index may also get around the 15% withholding fee on dividends?)

And I can’t find any CAD listed total world ex-US fund.

I’d really appreciate any insight or advice :)

ISIN:USC88692MAD68(Reg S) Issuer: Taseko Mines Limited CUSIP:876511AG1(144A) Issue:8.25% bond/note 01-May-2030 Country:Canada Placement:144A

(Info courtesy of Fitch ratings.com)

Given the upcoming spinoff, from what I gather there will be TRP (old) for gas pipelines & SouthBow (new) for liquid pipelines.

I understand the ratios of stocks in SouthBow per share TRP hasn’t been released but assuming 1:1 I am interested in hearing what might be keeping people away from hoarding TRP now while relatively low?

Hello, I’m asking if there is any risk with selling money that’s in a tfsa mutual fund, then moving the money within that to the market? Which is also in a TFSA?

What I mean risk is tax impliacations.

I’ve got 1000 shares of Franco Nevada, bought at $146. Recently the market has been so volatile, days upswinging or downswinging several dollars, like -$4.92 currently today.

I haven’t been using options to make my shares work for me, but it seems clear there is lots of opportunity in recent days I am missing. I am curious for a seasoned option trader, what move I could have made on Friday or today?

On Friday, calls closed for a $175 strike price at $2.75. I would have been content getting out of the stock at that price. Would the best move have been selling a covered call at that price on Friday?

If you owned 1000 shares of FNV, what would you have done?

Is anyone able to confirm if this is subject to a short term redemption fee if cashed out <30 days of holding it? I believe I read at one point it is exempt.

Hi, In my previous job i had RRSP matching with my employer. In total i have about 10k. Its with manulife. I left that job one year ago and Yesterday i saw that it has decreased as there was no growth and they were charging $10 every month as admin and management fees.

I am thinking of moving my RRSP to wealthsimple unmanaged RRSP account and put all in XEQT or VFV. Is that a good idea? If yes, then putting 10K in one ETF raises any concern to CRA?