Should you sell stocks to simplify with an all-in-one ETF? Aug 12th

The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.

Latest News

Don’t be afraid to ask for an advance: Suzanne Bowness on budgeting for freelancers + MORE Oct 1st

Trying to make a living as a writer, editor, and content strategist, Suzanne (Sue) Bowness discovered that good money habits are as important to success as good grammar and an expansive vocabulary. This year she summed up all that hard-earned wisdom in The Feisty Freelancer: A Friendly Guide to Vis.... More »

The best GIC rates in Canada for 2026 + MORE Apr 27th

GIC comparison tool Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance. Why trust us MoneySense is an award-winning magazine, helping Canadians navigate m.... More »

Stock news: Air Canada leads TSX earnings roundup with guidance pause amid fuel uncertainty May 1st

Here’s a round-up of news for Canadian investors this week. Air Canada Canada Packers Bombardier Spin Master Gildan Featured RRSP Accounts featured EQ Bank Build your ret.... More »

Insurance for self-employed Canadians: What coverage do you need? + MORE Sep 4th

A common feature of employee benefit plans in Canada is insurance coverage. The types and amounts of insurance vary, and employees should consider their personal situation to determine if they need additional coverage beyond their group plan—as they often do. If you are self-employe.... More »

The best TFSAs in Canada for 2026 + MORE Jan 30th

Featured TFSA Accounts featured EQ Bank TFSA Savings Account Earn 1.50% tax-free on your cash savings. Go to site featured .... More »

Should you sell stocks to simplify with an all-in-one ETF?

– moneysense.ca

Ask MoneySense
I have a mixed bag of stocks in my TFSA, RRSP, corporate trading account, and in my non-registered accounts.

I am in my mid-50s and looking to simplify my portfolio. I would like to sell all positions within each account and deploy a 2 to 3 ETF portfolio. Am I able to sell off everything to purchase VEQT and a bond ETF, or will I be penalized (taxed) on the approximately $1 million in stocks?

–Brad

Some investors buy only stocks, others buy only exchange-traded funds (ETFs), and yet others use a combination of the two. Both can be a viable way to build a portfolio. Let’s look at each one, starting with stocks—specifically, the tax implications of selling stocks in tax-preferred versus non-taxable accounts.

Selling stocks in tax-preferred accounts

When you sell stocks in a tax-free savings account (TFSA), there are no tax implications, Brad. There is no tax to sell a stock for a profit, nor tax savings to sell a stock for a loss.

There is no tax to withdraw from a TFSA, either…

Continue Reading On moneysense.ca »

Stay tuned for more Investment wisdom brought to you by banks.ca!

Share