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tekz posted:I'm looking into investing internationally in a couple of emerging market funds. Anyone here have any experience with it and have good resources on what kind of accounts/anything else that needs to be done for tax purposes? I may have to make payments in the local currency as well so how do you go about taking the smallest possible hit on currency conversions? Just buy VEE and don't pay currency conversion at all.
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Mar 25, 2017 23:02
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Tangerine mastercard now 0.5% cash back outside 2% categories.
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Mar 29, 2017 00:48
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cowofwar posted:Tangerine mastercard now 0.5% cash back outside 2% categories. Well April 27th is when it switches over. But looks like I need a general purpose credit card for out of my 2% categories.
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Mar 29, 2017 01:31
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I think I'm going to go as far as just getting an annual fee 2% card like the MBNA World Elite. Simplifying down to one card has some value to me as well.
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Mar 29, 2017 02:00
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I usually net around $550 after fees for my cibc visa dividend platinum card. It's not even the best cc out there but the fee based dividend ones are definitely worth it if you have the discipline to pay them off every month and put all the spending you can on the card. If you have a partner get a spouse card attached to the account too, there's a fee but it's cheaper than getting two separate cards. The other bonuses are nice too, like free emergency travel medical insurance. Only real downside is it only pays out once per year, unlike some cash back cards. It also used to have a cap but they nixed that recently.
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Mar 29, 2017 02:16
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I have the BMO world elite. It's totally worth its annual fee (which I don't pay anyway thanks to having a BMO premium chequing account they paid me $350 to open. However this comes at the cost of foregone interest on a 6k balance. Totally worth it though)
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Mar 29, 2017 02:34
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Yeah, the BMO World Elite is really good, I have one because of the free coverage of rental cars. Also it's super easy to use your points. I also have the TD Aeroplan something-or-other not the stupid expensive one but probably the one down from that. It's my daily user, I went to Europe for (basically) free twice last year on points in business class. Totally worth the fee.
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Mar 29, 2017 03:05
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I have both the BMO world elite and the TD visa infinite travel cards. The world elite card is good for general purchases and the TD card gives the equivalent of about 4.5% on any travel purchases made via the expediafortd site, which has the same prices as expedia.
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Mar 29, 2017 03:50
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I've been using the Capital One Aspire World Elite since 2011 and I still say it's the best card on the market.
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Mar 29, 2017 03:56
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Kal Torak posted:I've been using the Capital One Aspire World Elite since 2011 and I still say it's the best card on the market. Assuming you're grandfathered in, and get $100 worth of points for your $120 renewal. Otherwise, I'm not so sure.
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Mar 29, 2017 03:59
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spoof posted:Assuming you're grandfathered in, and get $100 worth of points for your $120 renewal. Otherwise, I'm not so sure. I am grandfathered but I still think it's the best. Effectively 2%, can redeem for any travel purchase at any time, any amount, and you don't have to use the card's travel company like BMO or TD. Supplementary cards are free. Same annual fee as the BMO WE as well. Kal Torak fucked around with this message at 04:15 on Mar 29, 2017 |
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Mar 29, 2017 04:13
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cowofwar posted:Tangerine mastercard now 0.5% cash back outside 2% categories. Ugh. Thanks, I glossed over the mail I got and only noticed the increased fees for stuff I never get, like hitting limits. Hadn't noticed the regular cashback was down to 0.5%. I've been travelling a lot now that I'm in a long distance relationship, maybe I should just get one of those travel cards...
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Mar 29, 2017 04:30
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Kal Torak posted:I've been using the Capital One Aspire World Elite since 2011 and I still say it's the best card on the market. I think we're only considering cards with terms you can get on the current market.
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Mar 29, 2017 04:47
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TIL people who post about personal finance on the Internet still aren't dedicated enough to avoid paying fees on their credit card. Come on guys! Get on the churning program.
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Mar 29, 2017 21:28
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I get between $400-500 per year with my fee free CIBC Dividend card, which they are trying very hard to sell me on switching to the penguin travel card or whatever. After RRSP season I realized I hadn't rebalanced the TFSA mutual funds for two years so log onto Easyweb, got some weird errors, but managed to slog through. Only to discover today that the system double bought my bonds  So today bought the rest of the portfolio again to get my distribution properly balanced. So, yay? TD errors forces me to double my savings!
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Mar 30, 2017 18:47
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Bilirubin posted:I get between $400-500 per year with my fee free CIBC Dividend card, which they are trying very hard to sell me on switching to the penguin travel card or whatever. If that's the card I'm thinking of, it has a lovely up to 1% cash back, which means if you are getting $400+ back every year from it you are leaving hundreds of dollars on the table every year by not going to a cash back card with annual fee but returning 2%+.
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Mar 30, 2017 19:32
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Mantle posted:If that's the card I'm thinking of, it has a lovely up to 1% cash back, which means if you are getting $400+ back every year from it you are leaving hundreds of dollars on the table every year by not going to a cash back card with annual fee but returning 2%+. Hmm. Seems I'm an idiot then, and the terms have changed since I started on this card forever ago. Its my oldest card by far so I'll keep it but it may be time to find a better deal.
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Mar 30, 2017 22:38
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Still doing better than me. I've had the TD infinite travel card for 10 years and put only like 160K points on it since then at a dollar a point. After having a problem redeeming the points for a thing I wanted I just converted them all to a $400 lump sum which works out to something like .25%  With a better card (that's actually used) I could be pulling that amount per year.
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Mar 31, 2017 21:11
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Haha, wanted to transfer a TFSA out of TD and found out they started charging a fee for it in March. gently caress me, of course I had to procrastinate.
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Apr 2, 2017 20:11
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Lobok posted:Haha, wanted to transfer a TFSA out of TD and found out they started charging a fee for it in March. gently caress me, of course I had to procrastinate. How much is the fee?
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Apr 2, 2017 21:52
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Risky Bisquick posted:How much is the fee? $75 plus tax, which they proudly proclaim is in the mid-range.
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Apr 2, 2017 22:24
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Is the amount you have in there greater than (half your available contribution room + the amount you are contributing in 2017) ?
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Apr 2, 2017 22:32
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Rick Rickshaw posted:Is the amount you have in there greater than (half your total contribution room + the amount you are contributing in 2017) ? Oh, I withdrew it all if that's what you were going to suggest. It wasn't a big amount. And it wasn't a big amount because TD has a real problem accepting funds from my chequing account with another bank so I got fed up and wanted to transfer it. They also have a problem not knowing how to handle fixed portions of my line of credit so I really don't think I'll be banking with them ever again.
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Apr 2, 2017 22:38
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Lobok posted:Oh, I withdrew it all if that's what you were going to suggest. It wasn't a big amount. And it wasn't a big amount because TD has a real problem accepting funds from my chequing account with another bank so I got fed up and wanted to transfer it. Did you withdraw or transfer? Withdrawal should be free, I think...
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Apr 3, 2017 01:45
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Rick Rickshaw posted:Did you withdraw or transfer? Withdrawal should be free, I think... The transfer required a fee so I withdrew instead and will put that cash into a different TFSA.
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Apr 3, 2017 02:06
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Lobok posted:The transfer required a fee so I withdrew instead and will put that cash into a different TFSA. Ok, perfect! Good job! Stick it to the man.
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Apr 3, 2017 09:23
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Lobok posted:The transfer required a fee so I withdrew instead and will put that cash into a different TFSA. You don't have that contribution room back until Jan 2018 so don't contribute until then. Unless you are not maxed out and your existing space is larger than the withdrawal. Normally if I liquidate and withdraw I do it in December so I can contribute the balance almost immediately.
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Apr 3, 2017 14:42
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Yeah, it was a small amount. I have plenty o' space left to contribute. Appreciate you guys making sure!
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Apr 3, 2017 14:56
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I've been reading about the Home Buyer's Plan and I'm confused. I can't figure out when it would ever be a good idea. Before I continue: I'm not looking to buy a house; I suspect it's generally bad policy; there's surely many ways to use it very poorly. I'm just running hypotheticals. Given all that, is there a scenario where it's effective? Here's the only case I've come up with: 1. You have RRSP contribution room that you would not otherwise use for your (regular, adequate) retirement savings in the next decade. (Maybe TFSA room suits your needs? idk) 2. You have enough for a down payment saved up (not already in the RRSP). 3. So you put your down payment in an RRSP so you can claim the deduction, then HBP it out in three months. 4. Buy that house. 5. You take your refund and... throw it at the mortgage? Seems like a few hoops to bump up your down payment by a couple thousand. And I still can't convince myself that this is somehow better in the long run.
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Apr 6, 2017 03:48
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If it gets you over the 20% down-payment threshold to avoid CMHC mortgage insurance it can be worth it. Edit: To clarify, the more likely scenario is you already have the money locked into your RRSP. If taking it out gets you from 15% to 20% on a 450k mortgage that will save you $12k. If you'd planned ahead and put that money into a TFSA though at least you're not on the hook to pay it back. So it's not the refund that's the draw, it's having access to the funds at all that is. Cold on a Cob fucked around with this message at 04:18 on Apr 6, 2017 |
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Apr 6, 2017 04:13
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pokeyman posted:I've been reading about the Home Buyer's Plan and I'm confused. I can't figure out when it would ever be a good idea. Employer matching would be the main reason I can think of. Everywhere I've heard of only does matching on RRSPs and not TFSAs.
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Apr 6, 2017 05:01
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Yeah, the HBP is only really beneficial in certain edge cases. I mean, it ideally is supposed to let you save some mortgage interest by withdrawing from a savings plan without it being deemed income (and sacrificing any gains in that plan), but any market-based plan should have a higher return than any mortgage interest saved. Not to mention that most people won't use it to lower their principal and will instead just increase their asking price. Not to mention the added pressure of having to repay it over 15 years. BrainBot posted:Employer matching would be the main reason I can think of. Everywhere I've heard of only does matching on RRSPs and not TFSAs. Employee matching is supposed to be a benefit in lieu of a pension, so I'm not surprised it doesn't include TFSA's. It also saves the employer from having to figure out a taxable benefit on your T4.
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Apr 6, 2017 20:03
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HBP also predates TFSA I believe.
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Apr 6, 2017 23:04
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Alright, well I feel like I'm not missing much then. I hadn't thought of getting over the 20% mark or of employee match but they're in the same boat I think? The money would do better in the market over the long term.Subjunctive posted:HBP also predates TFSA I believe. By fifteen years, apparently. So that makes a little more sense as a policy decision at the time.
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Apr 7, 2017 02:08
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pokeyman posted:Alright, well I feel like I'm not missing much then. I hadn't thought of getting over the 20% mark or of employee match but they're in the same boat I think? The money would do better in the market over the long term. It's worth running the numbers to decide what to do. If you're close to 20% it's worth trying to go all the way. E.g. Going from a down payment of 57k (19%) to 60k (20%) on a 300k property will instantly save you just under 7k. However, if you've only got 10% down and exploiting HBP will take you to 15% then maybe not worth it because you only save a few grand that way.
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Apr 7, 2017 02:19
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Cold on a Cob posted:It's worth running the numbers to decide what to do. Absolutely. Would be silly not to, if I was anywhere near planning to home-buy.
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Apr 7, 2017 02:30
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anyone have links to like, information about morgages in canada (BC)? i wanna buy a house and i don't know anything at all do i just like, show up at a bank and say ' i wan a morgage' ?
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Apr 7, 2017 09:44
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Baloogan posted:anyone have links to like, information about morgages in canada (BC)? i wanna buy a house and i don't know anything at all You want to walk into a bank in person, write that on a note, and slip it to the teller.
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Apr 7, 2017 14:54
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Also, wear a beanie with a propeller.
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Apr 7, 2017 14:57
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Risky Bisquick posted:You want to walk into a bank in person, write that on a note, and slip it to the teller. Furthermore the teller will then hand you a briefcase full of money which you then take to a real estate agent and you say 'i wan hoose' Seriously though, go see a mortgage broker
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Apr 7, 2017 15:46
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