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I also have an Aspire Travel and use it for everything. Other great things: large signup credit ($350 + $75 through GCR), the $120 annual fee is offset by $100 worth of free points every year, no blackout dates or having to use a particular agent to book travel, lots of insurance, etc. Not great things: Cap1 will not raise your credit limit once you have the card, you need to massage redemptions a little bit to get the full 2% (but I've always gotten the full 2% back).
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May 22, 2014 21:11
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HookShot posted:Would anyone be interested in a credit card churning-for-points post? Still following through with your last one. Any updates? Kal Torak posted:What do you mean? LIRA is an option at Questrade when opening an account. Oh yeah, they know what a LIRA is, just try to put money in it though!
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May 22, 2014 21:17
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tuyop posted:Oh yeah, they know what a LIRA is, just try to put money in it though! Well that's not very specific. I'm genuinely interested as I would like to transfer my RPP to a LIRA if/when I leave my job and since my RRSP/TFSA are with Questrade, that would make the most sense. It's hard for me to believe that they wouldn't have any clients with a LIRA.
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May 22, 2014 21:26
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tuyop posted:Still following through with your last one. Any updates? Oops, I forgot I did one ages ago! I've booked my husband and myself two business class flights to Europe this summer for just over $1000 total. It would have been less, but on the shorter notice it's harder to find flights on LX to avoid the fuel surcharge that Air Canada charges on their flights. Still, that's less than half the price of a ticket in economy, so I'm pretty happy.
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May 22, 2014 22:26
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Kal Torak posted:Well that's not very specific. I'm genuinely interested as I would like to transfer my RPP to a LIRA if/when I leave my job and since my RRSP/TFSA are with Questrade, that would make the most sense. It's hard for me to believe that they wouldn't have any clients with a LIRA. My issue is probably very specific. I have to transfer value from a Canadian Forces Pension Plan to a LIRA RSP. In order to do this, you need to: 1. Open a LIRA (this was easy with QT). 2. Fill out a Transfer Value form for the army. 3. Contact CFPS (CF Pension Services) and get a form that confirms the Tv receiving account is a LIRA. 4. Fill out the form with your info. 5. Mail it to QT. 6. Have QT fill out that form and mail the filled out form to CFPS. It must be exactly the form they received. This is the part that they just can't seem to do. I've gone through 4, 5, and 6 three times now. Once I think it didn't go to the correct department at QT. The second and third times they sent an in-house form to CFPS. After the second attempt, I called and emailed QT to confirm that they had received the correct, original form, had them read me the form number and a number I had written on the form, and had them tell me that they would sign that form and mail it. Today my pension guy called and told me that he received the incorrect in-house form again.  I'm pretty sure the value is <30k for the LIRA, so I'm not too concerned with the added costs of using e-series funds and I'm pretty sure that TD won't make this mistake since they probably have a significant number of ex-military clients. I'm still going to keep my RRSP and TFSA with Questrade because this is such a specific issue. The only reason I'm not trying again is that this whole process absolutely must be completed by the end of July or CFPS will convert my whole pension to a deferred annuity and I won't see any of it until I'm 55 and the returns will be like a pitiful 5% if I live until 85, less if I die before then.
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May 23, 2014 00:31
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Thanks for the info. Questrade can be such a mess sometimes. They've worked hard at improving their customer service but they still seem to have a large number of idiots working there.
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May 23, 2014 01:35
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I had to use my dad's address for my application because every pitiful human meatbag employed by Questrade is a slave to the will of COMPUTER, and COMPUTER did not like my address so 
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May 23, 2014 01:56
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Guest2553 posted:I had to use my dad's address for my application because every pitiful human meatbag employed by Questrade is a slave to the will of COMPUTER, and COMPUTER did not like my address so My experience with all bureaucracies ever. http://youtu.be/0n_Ty_72Qds
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May 23, 2014 04:13
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So I was filing all my tax paperwork and I found a T5 that I didn't include for 89$, what is the best thing to do about this normally?
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May 24, 2014 22:26
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SCOTLAND posted:So I was filing all my tax paperwork and I found a T5 that I didn't include for 89$, what is the best thing to do about this normally? CRA will probably have already caught and incorporated the correct amount in your assessed refund. You'll find out when they send you your NOA. If they did not do this, file an amended return ASAP to minimize penalties.
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May 24, 2014 23:07
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What are the penalties going to be on $89?
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May 24, 2014 23:10
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SCOTLAND posted:So I was filing all my tax paperwork and I found a T5 that I didn't include for 89$, what is the best thing to do about this normally? Put the form in the shredder and retire to Turks & Caicos off the profits of your diabolical enterprise. You better get on this soon before they do you like Capone!
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May 25, 2014 00:07
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FrozenVent posted:What are the penalties going to be on $89? Not much. Just refile your return and they'll send you a notice of what you owe. Roughly, the amount you'll need to pay will be: [Missed income * marginal tax rate * (1 + penalty interest rate)^(# days late / 365)] Where days late is the days since May 5 2014 for 2013 income. There is a chance they could assess you a $100 penalty for a bad filing, but this can be waived and I'd guess would be I your case since you're correcting right away. They may even waive the interest. Here's the relevant website: http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/ntrst/menu-eng.html Honestly you should just call them, explain what happened, sound contrite and ask them how to fix it. You'll likely end up just needing to pay only the tax shortfall ($89 * marginal tax rate) since you're being proactive about it. They usually only assess the penalties on people who are actively trying to gently caress around.
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May 25, 2014 02:53
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So I got my Dominion accounts transferred in kind to Direct Investing and just noticed that yesterday I received a $53 dividend in a Dominion securities TFSA that was about to be closed 
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May 25, 2014 04:46
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slidebite posted:So I got my Dominion accounts transferred in kind to Direct Investing and just noticed that yesterday I received a $53 dividend in a Dominion securities TFSA that was about to be closed Usually they will grab those - it should show up in your new account in a few days.
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May 25, 2014 05:26
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Thanks for the info, I'll keep my eye on it. This might be a stupid question, but when buying an ETF there is really no reason to not use a market buy as opposed to a buy with limits, is there?
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May 25, 2014 17:50
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slidebite posted:Thanks for the info, I'll keep my eye on it. ETFs are liquid enough that you're getting good price discovery and a tight spread on the market price. You can save the spread if you're willing to put in a price but it's usually tight enough (a penny or two) that I don't bother. If you were to go buy some low-volume small-cap stock you'd be much better off to manage your buy order as the spread could be a couple percentage points.
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May 25, 2014 18:37
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The more thinly traded ETFs, stick to limit orders if you're buying large quantities (hundreds of shares). Also, for me at Questrade, I still pay ECN fees (cents on small purchases, but on 10k+ purchases can be more than a few dollars) if my order removes liquidity from the market (either a market order or a limit order that is instantly filled).
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May 25, 2014 18:49
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rhazes posted:The more thinly traded ETFs, stick to limit orders if you're buying large quantities (hundreds of shares). Also, for me at Questrade, I still pay ECN fees (cents on small purchases, but on 10k+ purchases can be more than a few dollars) if my order removes liquidity from the market (either a market order or a limit order that is instantly filled). This. If you are buying a large number of shares and remove liquidity, a $4.95 trade can turn into a $19.95 trade (or more) very quickly. I've made this mistake more than a few times.
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May 25, 2014 21:37
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Kal Torak posted:This. If you are buying a large number of shares and remove liquidity, a $4.95 trade can turn into a $19.95 trade (or more) very quickly. I've made this mistake more than a few times. I don't believe this is the case at the bank-owned dealers for a standard discount brokerage account, although I've never done a trade more than $15,000 or so at once. E: but my comment re small-caps applies to the thinly traded efts as noted by the two previous posts. I had forgotten that some of the small ETFs can have relatively poor liquidity, although they'll never get nearly as bad as a thinly traded stock as the fund manager will make a market in their own units in order to avoid bad spreads.
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May 25, 2014 23:31
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Kalenn Istarion posted:I don't believe this is the case at the bank-owned dealers for a standard discount brokerage account, although I've never done a trade more than $15,000 or so at once. Yeah, I was speaking specifically about Questrade. You get charged ECN fees for removing liquidity. http://www.questrade.com/pricing/exchange_ecn_fees
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May 26, 2014 01:13
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I didn't 100% understand the ECN fees when I first signed up (in fact, I still don't!) but as far as I can tell it's cost me only about a buck out of about 20k this year. My buying has been in chunks of 500-2k at a time so I haven't really been sweating it, but is there anything I can do to avoid one of those $20 trades? 
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May 26, 2014 03:39
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Guest2553 posted:I didn't 100% understand the ECN fees when I first signed up (in fact, I still don't!) but as far as I can tell it's cost me only about a buck out of about 20k this year. My buying has been in chunks of 500-2k at a time so I haven't really been sweating it, but is there anything I can do to avoid one of those $20 trades? Just don't buy the ask or send a market order. Then you won't be removing liquidity. And it will only matter if you are buying a significant number of shares. On a 2K purchase, it will be insignificant. So as an example, if you're talking about a stock on the TSX priced at more than $1, the ECN fee is .0035 per share. So if you bought say 1,000 shares, you would be charged $3.50. If you bought 10,000 shares, you would pay $35 in ECN fees alone. That doesn't count the 4.95 to 9.95 you are going to be charged as commission. Kal Torak fucked around with this message at 04:16 on May 26, 2014 |
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May 26, 2014 04:11
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The flat trade at RBC Direct is sounding better and better.
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May 26, 2014 04:30
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Kal Torak posted:Just don't buy the ask or send a market order. Then you won't be removing liquidity. Are limit orders at ask price + a couple cents a way around this? slidebite posted:The flat trade at RBC Direct is sounding better and better. The 4-tenths-of-a-basis-point it's cost me so far is probably more than offset by the savings in management fees and diversification options. Youtube taught me how to use Questrade
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May 26, 2014 05:37
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Guest2553 posted:Are limit orders at ask price + a couple cents a way around this? Do you mean - a couple cents? If you're buying, you would have to put in an order for less than ask. And yes, as long as you have a resting order (i.e. don't get filled immediately), then you aren't removing liquidity.
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May 26, 2014 05:43
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I meant plus, but it seems like the discriminator is 'not get filled immediately'. You indirectly answered my question, I think, so thanks!
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May 26, 2014 05:52
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HookShot posted:Would anyone be interested in a credit card churning-for-points post? I missed the last post about it, so if you're willing to do an effort post or if someone has a link to the old one I'd be very appreciative.
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May 26, 2014 13:12
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Guest2553 posted:Are limit orders at ask price + a couple cents a way around this? I'm not sure how Questrade handles this specifically, but generally if you have a limit order to buy at or above the ask, then it will get executed as a 'marketable limit order', i.e. it will be filled as a liquidity-removing execution.
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May 26, 2014 14:56
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mik posted:I'm not sure how Questrade handles this specifically, but generally if you have a limit order to buy at or above the ask, then it will get executed as a 'marketable limit order', i.e. it will be filled as a liquidity-removing execution. Yes, exactly. By putting in a buy order above the ask, you are going to get filled on the ask price. You would then be removing liquidity and the ECN fees would apply.
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May 26, 2014 15:12
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Arabian Jesus posted:I missed the last post about it, so if you're willing to do an effort post or if someone has a link to the old one I'd be very appreciative. http://forums.somethingawful.com/showthread.php?threadid=3569987&perpage=40&pagenumber=23#post425027142 That's around where it was being discussed. I got the Cibc visa and Amex for 40k points altogether. My wife dragged her feet and now has only like 15k offers available to her.
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May 26, 2014 15:51
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Kal Torak posted:Yes, exactly. By putting in a buy order above the ask, you are going to get filled on the ask price. You would then be removing liquidity and the ECN fees would apply. If you want it to be filled relatively quickly just put the order in a penny above the bid. Frankly as long as it's anywhere below the ask when you make it it's a liquidity creating transaction and shouldn't get dinged. Same for when selling just put it in anywhere above the bid.
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May 26, 2014 17:02
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Just did my first buys on RBC:DI for ETFs. VAB VSB XEF I'm so nervous 
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May 26, 2014 17:12
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slidebite posted:Just did my first buys on RBC:DI for ETFs. Nice job. Those are all solid index ETFs so no need to fret.
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May 26, 2014 21:21
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I want to open a TFSA TD e-series to start dabbling in the couch potato models. I do all my banking through TD and my 1% TFSA savings account has no more contribution room until January 1. Here is how I understand it to work. Can somebody please correct me where needed? 1. Go to TD branch, open a TFSA mutual fund account. Do not buy any funds yet. 2. Fill out the account transfer form and mail it in. In a week or so my TFSA mutual fund account will be converted into a TFSA e-series. 3. I can then use the money in my 1% TFSA to start purchasing products for my TFSA e-series. Would this count as a TFSA to TFSA transfer, or would it count as a withdrawal and deposit elsewhere (leading to over contributions)? I assume this is all handled over EasyWeb?
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May 26, 2014 22:36
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slidebite posted:Just did my first buys on RBC:DI for ETFs. Now close the website, and don't look at them for 12 months, unless you're making an additional contribution. I'm not kidding. Your heart will thank you and you shouldn't be reacting to daily market moves anyways.
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May 27, 2014 02:45
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Oh I've been investing for many years (albeit not actively), but I well understand to not babysit them and look every day  My whole was doing something wrong through the system and discovering I royally hosed up!Quick look seems OK, buy was pretty much what I expected with no surprises e: Just looked, I don't have book value yet, just market. That said, I'm going to have to be doing lots more looking over the coming weeks as we rebalance our portfolios on RBC:DI as we liquidated all of our mutual funds prior to the move. Kept all the equities though. slidebite fucked around with this message at 05:08 on May 27, 2014 |
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May 27, 2014 05:04
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Man, I made like 6% gains on my Canadian Bond E-series this month but everyone says the Canadian bond market is sketchy to put money into right now due to poo poo like the housing bubble. Second best performing was TDB911 at 3%. TDB900 & 902 were 1% and .032% respectively. Can you actually have a trading TFSA and a High-Interest TFSA? I thought you could only have one, period, so I just went and opened a TD Direct Investing TFSA from the outset.
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May 27, 2014 19:23
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Rime posted:Man, I made like 6% gains on my Canadian Bond E-series this month but everyone says the Canadian bond market is sketchy to put money into right now due to poo poo like the housing bubble. Second best performing was TDB911 at 3%. TDB900 & 902 were 1% and .032% respectively. You can have multiple TFSA accounts, it's only the total contribution that the government cares about.
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May 27, 2014 19:39
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reflex posted:I want to open a TFSA TD e-series to start dabbling in the couch potato models. I do all my banking through TD and my 1% TFSA savings account has no more contribution room until January 1. Here is how I understand it to work. Can somebody please correct me where needed? I think this was asked before in this thread, but there never was an answer. My assumption is you just need a TFSA mutual fund account. You will be allowed to purchase e-series through EasyWeb without the need to convert anything. You should probably just go to a branch and ask TD about transferring between TFSAs, and also confirm that you don't have to convert the account to e-series in order to buy them. But you might as well just open a DI/Waterhouse TFSA instead, if you think you'll switch into ETFs down the road. Rime posted:Man, I made like 6% gains on my Canadian Bond E-series this month but everyone says the Canadian bond market is sketchy to put money into right now due to poo poo like the housing bubble. Second best performing was TDB911 at 3%. TDB900 & 902 were 1% and .032% respectively. CRA posted:You can have more than one TFSA at any given time, but the total amount you contribute to all your TFSAs cannot be more than your available TFSA contribution room for that year.
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May 27, 2014 19:42
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