There are more investment options in Canada than you can shake a stick at! Stay on top of the best returns right here.
Latest News
Tips & Tricks for Investing After Losing Your Job Due to an Injury + MORE Jul 16th
You are home and laid up after a work accident, and expect that you will be so for a while. You’ve always been intrigued by investing and are wondering how you can learn how to invest, now that you have some downtime to look into it. Thankfully, your workers’ compensation is paying and you have .... More »
Save for your child’s education or you might live to regret it Jul 5th
An RESP provides for tax-deferred investment growth and is a fantastic tool that allows a parent, grandparent, friend or legal guardian to save money for a child’s post-secondary education..... More »
The right way to sell stocks during COVID-19 + MORE Sep 18th
It’s becoming increasingly likely that the economic recovery from COVID-19 will be long and drawn out, which is not good considering that 3 million have been laid off over the last two months. Since the crisis began in Canada, MoneySense has been telling readers to hang tight with their portfolio .... More »
The best low-interest credit cards in Canada for 2023 Nov 16th
Spend
The best low-interest credit cards in Canada for 2023
Searching for the perfect credit card? In under 60 seconds, CardFinder narrows down your top matches without impacting your credit score, no SIN required.
Find my perfect card*
.... More »
How Do You Measure Your Rate of Return? May 27th
All investors care deeply about their returns, and with good reason. If you’re an active investor, you’ll want to compare the performance of your portfolio to an index benchmark to see whether you (or your advisor) added value with stock selection or market timing. Even if you’re a.... More »
Migrant workers ‘hiding’ from COVID-19 testing, says Premier Ford CBC NewsCoronavirus: Ontario premier announces additional $150M investment in homeless shelters | FULL Global NewsStage 3 of Ontario’s COVID-19 reopening plan looms nearer CBC.caTory wants Trudeau and Ford to figure out municipal funding now Toronto SunFord accuses migrant farm workers of ‘hiding’ from COVID-19 testing in Windsor-Essex The Globe and MailView Full coverage on Google News
Report: Moderna COVID-19 Vaccine Trial Delayed – The Motley Fool
– news.google.ca
Report: Moderna COVID-19 Vaccine Trial Delayed The Motley FoolModerna executives cashing in on COVID-19 vaccine stock speculation The Globe and MailModerna stock falls by as much as 9.4% after report says late-stage coronavirus vaccine trial delayed CNBCModerna Covid-19 vaccine trial delayed, July start still possible: Report CNBC TelevisionCoronavirus vaccine tracker: How close are we to a vaccine? The GuardianView Full coverage on Google News
Triggering losses by transferring investments to a TFSA
– moneysense.ca
Q. I just transferred 200 shares of an ETF from my margin account to my TFSA at a loss. Can I claim the loss, or does it fall into the 30-day rule?
–Stavros
A. Investments such as stocks, exchange-traded funds (ETFs) and mutual funds can generally be transferred “in-kind” between accounts, so that the investment is transferred from one account directly to the other without selling it. When an investment is transferred from a non-registered investment account, like a cash or margin account, into a tax-free savings account, the transfer is considered an eligible TFSA contribution. The contribution amount is based on the market value of the transferred investment at the time of transfer.
The “30-day rule” you are referring to, Stavros, is called the “superficial loss rule.” A superficial loss results when a capital loss is triggered in a taxable account, but the same investment is purchased in another account within 30 days before or after the loss is incurred.
The superficial loss rule applies to not only your repurchase of the investment, but also a repurchase by your spouse, a corporation you control, or a trust with you or your spouse as a beneficiary…
–Stavros
A. Investments such as stocks, exchange-traded funds (ETFs) and mutual funds can generally be transferred “in-kind” between accounts, so that the investment is transferred from one account directly to the other without selling it. When an investment is transferred from a non-registered investment account, like a cash or margin account, into a tax-free savings account, the transfer is considered an eligible TFSA contribution. The contribution amount is based on the market value of the transferred investment at the time of transfer.
The “30-day rule” you are referring to, Stavros, is called the “superficial loss rule.” A superficial loss results when a capital loss is triggered in a taxable account, but the same investment is purchased in another account within 30 days before or after the loss is incurred.
The superficial loss rule applies to not only your repurchase of the investment, but also a repurchase by your spouse, a corporation you control, or a trust with you or your spouse as a beneficiary…
