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Chillyrabbit posted:Thanks! Not a problem. My own finances are somewhat similar to yours, I'm just 2 years into it now. It did take some time to learn, but looking back now it seems so simple. My next fun thing to learn will be buying a house. I am not looking forward to navigating that mess of potential disasters.
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Apr 11, 2016 13:32
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Golluk posted:Do a bit of reading here http://canadiancouchpotato.com/couch-potato-faq/ Thank you for the advice. I have an appointment set first thing Wednesday morning with my 'financial advisor' to sell out the mutual funds - or as she put it in the appointment booking correspondence, to "address my concerns" (ie: go through a rigamarole of account retention bullshit). Once I sell out, does the money goes back into my chequing account? Or does it stay in my Coast Capital TFSA account? Or is that a choice I can make? In any case, it looks like the next step is to open up a TFSA account somewhere else, and possibly just change banking institutions altogether. As much as I like Coast Capital Savings in Vancouver, it would certainly be a lot easier for all my acounts to be in the same place. Handling my own investments is still a very daunting and intimidating prospect, so it looks like I have to make a choice between setting things to auto with Tangerine for a bit more costs, or taking the iniative and learning how to do this myself.
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Apr 11, 2016 16:19
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Tipps posted:
If you're anything like me, it also makes it easier to remove money from your savings to pay off your Visa, or top up the chequing account to cover the last $150 of your rent cheque. I ended up unable to save much until I switched to using Questrade for my savings, and completely separating savings from chequing. It's still dead easy to transfer between the accounts, but in the case of going Savings --> Chequing, it takes a couple days and costs a few bucks. I've managed to never sell any shares of my ETFs since switching to Questrade. When I was using Tangerine funds, my TFSA contribution/withdrawl summary is like 20 pages long, $200 in, $175 out, $300 in, $200 out, etc. There's also something to be said for not seeing your savings account balance daily when you check your chequing balance. Kreez fucked around with this message at 17:17 on Apr 11, 2016 |
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Apr 11, 2016 17:15
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I'm a Canadian living in the US (4+ years), and thinking about returning to Canada. I'd like to figure out what shape my credit is in after the time away, but I haven't figured out how to get a credit score as a non-resident. Both Equifax and TransUnion want CCs with Canadian billing addresses, as far as I can tell. Is there another avenue for this stuff?
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Apr 11, 2016 19:45
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Jan posted:That is what they told me on the phone, yeah. I could switch to TD Waterhouse and not have arbitrary constraints. But since my wealth at the time was perfectly spread between my TFSA and my RRSP, neither of which reached the minimum balance to avoid TD Waterhouse fees, I opted for just plain TD Investment Services. I didn't even make it that far in the process, they wouldn't let me open an account because ??? Just do questrade.
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Apr 12, 2016 00:29
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Oh! And if that wasn't enough, I have been unable to access my TD EasyWeb for a few days now, it just tells me to call in. Good thing I only have an initial $500 parked in there that I don't care enough about to liquidate ahead of the 90-day penalty.
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Apr 12, 2016 00:45
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If you guys don't want to go in branch why are you even bothering with TD? Don't even call them just walk to a branch and they will open all the accounts you want in 30-45 minutes if you have the paperwork.
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Apr 12, 2016 02:24
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jm20 posted:30-45 minutes look at this millennial
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Apr 12, 2016 02:27
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jm20 posted:If you guys don't want to go in branch why are you even bothering with TD? Because that's the way they tell their e-Series clients to do business?  https://www.tdcanadatrust.com/document/PDF/mutualfunds/tdeseriesfunds/tdct-mutualfunds-tdeseriesfunds-convertaccount.pdf posted:• I hereby acknowledge and consent to the following items and
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Apr 12, 2016 02:30
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Subjunctive posted:I'm a Canadian living in the US (4+ years), and thinking about returning to Canada. I'd like to figure out what shape my credit is in after the time away, but I haven't figured out how to get a credit score as a non-resident. Both Equifax and TransUnion want CCs with Canadian billing addresses, as far as I can tell. Did you have any active Canadian accounts? I am moving back to Canada after four years in the US and still have a decent beacon score. That said, I was in the US for work and had an open bank account I transferred money to sometimes. The mortgage broker on the phone running my credit said he could pull my US one and take it as equivalent if needed, so it sounds like that might be an option.
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Apr 12, 2016 02:57
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Cultural Imperial posted:look at this millennial Did you facetime your mortgage broker too?
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Apr 12, 2016 03:10
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Guest2553 posted:Did you have any active Canadian accounts? I am moving back to Canada after four years in the US and still have a decent beacon score. That said, I was in the US for work and had an open bank account I transferred money to sometimes. The mortgage broker on the phone running my credit said he could pull my US one and take it as equivalent if needed, so it sounds like that might be an option. Yeah, have semi-active chequing account (open, but only a few transactions/year bouncing money to relatives or such) and some investment accounts. My US score isn't great because I underuse credit, but it might be better than nothing. How did you find out your score? Do you have a Canadian billing address for a card? I could change the billing address for a card to be a Canadian friend's, I guess, but blech.
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Apr 12, 2016 03:22
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jm20 posted:Did you facetime your mortgage broker too? Wow Look at this guy he never heard of snapchat
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Apr 12, 2016 04:51
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Golluk posted:For credit cards, my personal preference at the moment is Tangerine Mastercard. No fee's, decent website, 2% cash back in up to 3 categories that are rather broad, 1% in everything else, and it automatically goes against your balance each month. I'd also get an Amazon Visa for a back up/online US purchase card. It has low currency exchange fees, 1% cashback on everything, and again, no annual fees. Either way, just make sure you always pay off the balance due each month. 20% annual interest is no joke. Is the tangerine card the new favorite over the MBNA smart cash? I need to call and yell at MBNA since I haven't gotten a cheque from them in months, so I would definitely be open to switching. poo poo, just having the credit go directly on the card vs getting a cheque in the mail seems like it makes switching worth it.
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Apr 12, 2016 15:24
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You can have the MBNA auto deposit to your bank account when it hits $50. But I cancelled mine since I use the Tanerine one and my MBNA kept getting compromised and they don't offer a text or email alert for activity.
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Apr 12, 2016 16:54
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Demon_Corsair posted:Is the tangerine card the new favorite over the MBNA smart cash? I need to call and yell at MBNA since I haven't gotten a cheque from them in months, so I would definitely be open to switching. To me, yes. I bank with Tangerine, which makes it really easy to check stuff in one place. You can set up an automatic bill payment for your balance and go hog wild with it. Being able to select the categories where 2% cashback is offered is great (wasn't getting much back from gassing up my motorcycle) and getting a third selection just for directing the rewards cash to my savings account is icing on the cake.
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Apr 12, 2016 16:55
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I was like, "Didn't Tangerine put new credit card applications on hold? What's up with everyone recommending it?"... So I checked Tangerine. Oh, okay.  I guess I might as well, it's slightly better than the Amazon rewards card which I only got for forex fees. Jan fucked around with this message at 17:03 on Apr 12, 2016 |
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Apr 12, 2016 17:01
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It's 4% cash back for the next few months for me.
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Apr 12, 2016 17:10
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I've heard people mention that sometimes Questrade will offer a promo or reduce their $25,000 requirement for waiving the fee when transferring a registered account to them. How often does this happen and how low does it go?
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Apr 13, 2016 15:17
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It took more than an hour of waiting around, completing paperwork , and dealing with their retention pitches ("the market will rebound", "if you're in it for the long run, you won't notice", "these fees are actually very low compared to other banks", etc.), but I finally got my savings out of the 2% MER mutual funds and back into my plain TFSA. It will take a few days for the transfer to complete, but once it's done I will look into either opening up a 1% MER Tangerine index funds TFSA account, or opening an account with TD for their e-series once I have done enough research to make the crippling anxiety about doing this myself go away. Thanks CanFin thread.
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Apr 13, 2016 21:41
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Tipps posted:It took more than an hour of waiting around, completing paperwork , and dealing with their retention pitches ("the market will rebound", "if you're in it for the long run, you won't notice", "these fees are actually very low compared to other banks", etc.), but I finally got my savings out of the 2% MER mutual funds and back into my plain TFSA. It will take a few days for the transfer to complete, but once it's done I will look into either opening up a 1% MER Tangerine index funds TFSA account, or opening an account with TD for their e-series once I have done enough research to make the crippling anxiety about doing this myself go away. Congrats, I'm really excited to do this. If you go TD though get ready for having absolutely no way to understand what your funds are doing. Are they up? Down? Who knows, because the reports they give you are absolutely useless and you apparently need to create your own excel sheet with a bunch of formulas to track anything.
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Apr 13, 2016 21:46
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Seriously. gently caress TD. Their Indexed Funds website is horrible Web 1.0 garbage that does not need encouragement. And I still have no EasyWeb access even after calling them as the website says, "we have no indication of this card ever existing! please visit a branch!". Do I even need to visit a branch/have EasyWeb to transfer poo poo out? I might just eat the 2% early liquidation fee if it meant not having my money in their hands any longer.
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Apr 13, 2016 23:19
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Subjunctive posted:Yeah, have semi-active chequing account (open, but only a few transactions/year bouncing money to relatives or such) and some investment accounts. My US score isn't great because I underuse credit, but it might be better than nothing. A mortgage broker did one over the phone as part of a preapproval check so it didn't cost me anything I don't know what my US score is because it didn't come to that, but the broker made it sound like he could do it the same way. The credit card was issued just before I left and by the time it expires I'll be in Canada. No clue if they would have renewed it had I asked.
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Apr 13, 2016 23:33
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Jan posted:Seriously. gently caress TD. Their Indexed Funds website is horrible Web 1.0 garbage that does not need encouragement. I just went to TD because they are light years ahead of the other banks for management
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Apr 14, 2016 00:19
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Jan posted:Seriously. gently caress TD. Their Indexed Funds website is horrible Web 1.0 garbage that does not need encouragement. When the message tells you to visit a branch what did you think was going to happen when you called them? The branch is where they physically have all the access cards that they can assign you and then link up to your account.
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Apr 14, 2016 14:51
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HookShot posted:When the message tells you to visit a branch   It's been a recurring pattern, even for the so-called "online and e-mail only" e-Series. Contact digitally, get redirected to phone. Call phone, get redirected to branch.
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Apr 14, 2016 15:28
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 about it and don't bother correcting the issue in your real life.
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Apr 14, 2016 15:32
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jm20 posted:
See, the wonderful thing about online services is you don't need to allocate time in your day to physically visit a branch. So pardon me for thinking an online service that constantly asks me to visit a branch is rather flawed.
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Apr 14, 2016 15:36
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Jan posted:
Jan posted:the website says, "we have no indication of this card ever existing! please visit a branch!".
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Apr 15, 2016 05:01
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Jan posted:See, the wonderful thing about online services is you don't need to allocate time in your day to physically visit a branch. So pardon me for thinking an online service that constantly asks me to visit a branch is rather flawed. It does strike me as a bit silly. I've had the website down for maintenance the occasional Sunday evening. But then I'm not day trading with this. At most I'm logging in once a month. Personally I haven't had any issues with them, but I know others have.
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Apr 15, 2016 06:23
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I don't suppose anyone knows of a good Excel formula/snippet for calculating Canadian income tax? I just want "total after tax for Ontario with personal exemption amounts", everything as simple income. It should work in Google Docs. I found one for 2009 but it's a big messy form, and I want a way to apply it to a bunch of places in a sheet. Basically the EY calculator for excel.
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Apr 15, 2016 14:42
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Not what you asked for but would the simpletax.CA/calculator work for you?
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Apr 15, 2016 15:25
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Golluk posted:It does strike me as a bit silly. I've had the website down for maintenance the occasional Sunday evening. But then I'm not day trading with this. At most I'm logging in once a month. That is what I wanted to do, but they do seem to make it very complicated to make it that simple.  I knew what I was getting into, there's plenty of advice out there making it clear how complicated TD makes it to open e-Series by virtue of apparently no one knowing what it actually is, and that they might even actively advise me against it. I was willing to jump through the required hoops, but being told I couldn't purchase the funds I wanted was too much for me. Even if I redid the questionaire on purpose to have a 100% equity profile, who's to say they wouldn't then block me from doing, say, 40% fixed income/60% equities? Anyway, enough ranting and negativity, transferring to Questrade's been going smoothly so far, I'll do a writeup when the dust settles.
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Apr 15, 2016 16:05
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Jan posted:... Even if I redid the questionaire on purpose to have a 100% equity profile, who's to say they wouldn't then block me from doing, say, 40% fixed income/60% equities? Yeah, that sort of restriction in supposed to prevent the horror stories of GTAT like investments. I'll be interested to read on your move to Questtrade.
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Apr 15, 2016 17:03
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Scanning the thread it seems like Questrade is what a lot of people are using. I've been using TD Waterhouse forever because I bank at TD and I'm lazy. Is there any good reason that I should switch? Has anyone used both? TD just refreshed their site and the usability is much better. The globe put out an article comparing all of them but it's pretty light on details http://www.theglobeandmail.com/globe-investor/online-broker-rankings/the-globe-and-mails-17th-annual-online-broker-ranking/article27571960/
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Apr 15, 2016 17:24
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Comes down to MER. Going with Couch potato portfolios, ETF MER are roughly %.15 to %.19. While e-series are 0.41% to 0.49%. I think e-series are just a bit easier on the side that it can be with your same bank (if your with TD), and there is a branch you can go into even if they say they aren't supposed to help you. That MER difference means on 50k invested, ETF might cost you $75 a year in fees. While e-series would be closer to $245. I really feel like TD should lower their MER on e-series to be a bit more competitive with ETF funds, but I suspect they'd rather just push high MER fee's on the ignorant.
Golluk fucked around with this message at 18:13 on Apr 15, 2016 |
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Apr 15, 2016 18:10
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Golluk posted:Comes down to MER. Going with Couch potato portfolios, ETF MER are roughly %.15 to %.19. While e-series are 0.41% to 0.49%. I think e-series are just a bit easier on the side that it can be with your same bank (if your with TD), and there is a branch you can go into even if they say they aren't supposed to help you. That MER difference means on 50k invested, ETF might cost you $75 a year in fees. While e-series would be closer to $245. I really feel like TD should lower their MER on e-series to be a bit more competitive with ETF funds, but I suspect they'd rather just push high MER fee's on the ignorant. Oh sorry I meant using TD Waterhouse just as a discount broker, using it in the same way as Questrade. In both cases the user would be buying some vanguard ETF. I'm wondering if there's any significant difference in usability or fees.
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Apr 15, 2016 21:01
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I think the major difference is that with Questrade it's free to buy ETFs. It costs to sell, though. I imagine with Waterhouse, it costs to both buy and sell.
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Apr 15, 2016 23:13
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Mantle posted:Not what you asked for but would the simpletax.CA/calculator work for you? No, I have an existing spreadsheet that spits out "pre-tax income" in a bunch of places, and I want to add cells that show after-tax income.
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Apr 16, 2016 02:24
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Subjunctive posted:No, I have an existing spreadsheet that spits out "pre-tax income" in a bunch of places, and I want to add cells that show after-tax income. I'm not sure how complicated you want it to be, but this might help: https://www.google.ca/url?sa=t&rct=...uHEt41xiSGTNP_Q The tax rates are old but could be updated. It walks you through step by step how you would calculate tax and shows you the formulas.
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Apr 16, 2016 06:00
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