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Has TD implemented an API or are you simply handing over your banking login still ????
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Jan 21, 2018 07:52
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Do you really have to ask, bruv?
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Jan 21, 2018 20:53
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rouliroul posted:Not sure why no one ever mentions labor sponsored funds in any canadian investment threads and blogs anywhere. The extra 30-35% tax credit makes it a no brainer imo. The reason for this is that the returns have historically been so bad that no, an up front 30-35% tax credit isn't enough to make up for it.
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Jan 22, 2018 21:21
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James Baud posted:The reason for this is that the returns have historically been so bad that no, an up front 30-35% tax credit isn't enough to make up for it. *ding ding ding*
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Jan 23, 2018 02:18
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http://www.timescolonist.com/opinion/shaw-to-downsize-workforce-estimates-about-650-will-accept-voluntary-packages-1.23158779 https://globenewswire.com/news-rele...pectations.html Leaning towards taking it. It's six months pay plus one month per year of service. I'd be looking at somewhere around $50,000 before tax, plus stock options. I only have a high-school diploma, so I'm thinking of this being a golden opportunity to get some post-secondary education. I've got no debt, and my rent is pretty good for where I'm living. Is this pretty much a no-brainer decision?
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Jan 30, 2018 20:21
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That is a pretty good package. Given your situation, yeah. Just pick a degree that will have a return. As a presumably mature student you’re going to want to be more directed in how you earn your education. I went back at the end of my 20s and it was far and away the best thing I’ve done career wise.
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Jan 30, 2018 21:01
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Guess I'm gonna have to do some research on what to go to school for, then. I'm in my early 30s, so no better time for a career change, I suppose. Being a mature student will be a huge advantage, since younger me would probably have wasted time loving around.
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Jan 30, 2018 21:11
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Yep, that’s what happened for me. I wouldn’t have had the breadth of experience that makes education so much more relevant nor would I have taken it so seriously if I were still just out of high school. It was overall very positive. I went into supply chain management. Be the person doing the cuts instead of the one being cut.
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Jan 30, 2018 21:21
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The advice I followed when I was faced with a similar decision years ago was figure out the bare minimum you would need to continue paying your bills and living and assess whether or not in a worst case scenario you would be able to find a job at that amount easily and quickly. Shaw has done similar massive restructuring like 7 out of the last 8 years so any talk they have of people building careers there is pretty much dead in the water. If you can make that work, it's usually worth it to take the money and use it to re-invest in retirement or school and work somewhere. I think it's also worth it as well to see if there's any government programs you can use to support going back to school. I know there's a program that gives you EI-like payments if you have worked full-time and are now in school full-time and unable to continue working full-time due to the schedule, I'm not sure how the severance plays into that though. Also keep in mind that any severance counts as income and you have to pay income tax on it. When I took a severance two jobs it was near the end of the calendar year and the majority of it ended up getting taxed in the highest bracket.
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Jan 30, 2018 21:35
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There's the option to get it all at once, or splitting it between two years. I'll have to crunch the numbers, but it sounds like the second option would be the better one.
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Jan 30, 2018 21:39
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You could take the severance and put it into your RRSP with the intention of taking it out during the years in school when you’ll be in a lower tax bracket. (Note I’ve never done this so am making an assumption that this would work. You should verify this if nobody corrects me.)
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Jan 30, 2018 21:42
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If you are interested in riding the weed boom career-wise, I highly advise you get QA certification of some kind. The licensing requirements for cannabis producers have significant QA requirements, and every time a new grow op or extract lab is founded, they need a new QA manager. This is particularly true if you have any experience in a regulated industry, any agricultural or pharmaceutical experience, or experience working with automated systems.
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Jan 30, 2018 21:46
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Coxswain Balls posted:Guess I'm gonna have to do some research on what to go to school for, then. I'm in my early 30s, so no better time for a career change, I suppose. Being a mature student will be a huge advantage, since younger me would probably have wasted time loving around. If you're the type of person who thinks they would enjoy intense critical care hospital work I went to school for respiratory therapy in my late 20s and I'm really happy with it. I get a lot of adrenaline at work and it's a super independent role, well respected, etc. It's a 3 year diploma or 4 year degree (Bachelors in Health Science). If you already have a degree it's a 2 year diploma. We make around $80k a year currently (gross). I can tell you more about it if you're interested just PM me - I'm in BC so I don't know much about schools out of my province.
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Jan 31, 2018 07:11
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Lots of stuff to research, thanks for the advice folks. We got our offers today, and it ended up more than we were expecting so I'll probably go for it and head back to school. The mood here is pretty exciting. I'll probably PM some of you folks as I stumble through figuring out what I'm gonna do. Anything I should know to make sure I'm being smart about taking and using the severance? $51k, plus $5k-$10k of options, depending on how stuff pans out in the next little bit.
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Jan 31, 2018 19:34
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Double check that you are still eligible for EI after taking the severance. If you are, make sure to apply for EI right away to maintain eligibility.
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Jan 31, 2018 20:27
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Risky Bisquick posted:Double check that you are still eligible for EI after taking the severance. If you are, make sure to apply for EI right away to maintain eligibility. You can apply for EI right away, but you won't get any until the severance is "used up" or however they phrase it. If you get 8 months severance it's after 8 months.
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Jan 31, 2018 20:29
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I'll have a little over a year's worth in my case, and I'm not planning on being a NEET for that long. After my exit date, depending on how much time I have between work and school I'm probably gonna finish my bike trip in Japan, and maybe check out Taiwan and Korea as well. It was surprisingly cheap when I did it last year since I was camping for most of it. I'm guessing that's going to mess up EI eligibility in some way if I end up needing it?
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Jan 31, 2018 20:38
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Coxswain Balls posted:I'll have a little over a year's worth in my case, and I'm not planning on being a NEET for that long. After my exit date, depending on how much time I have between work and school I'm probably gonna finish my bike trip in Japan, and maybe check out Taiwan and Korea as well. It was surprisingly cheap when I did it last year since I was camping for most of it. I'm guessing that's going to mess up EI eligibility in some way if I end up needing it? Why would it? I don't think you need to be in the country to claim EI. Hell I have friends who took their newborn to Thailand for three months of their parental leave.
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Jan 31, 2018 20:51
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Lead out in cuffs posted:Why would it? I don't think you need to be in the country to claim EI. Hell I have friends who took their newborn to Thailand for three months of their parental leave. Parental leave doesn't require that you're looking for work, though.
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Jan 31, 2018 20:55
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Lead out in cuffs posted:Why would it? I don't think you need to be in the country to claim EI. Hell I have friends who took their newborn to Thailand for three months of their parental leave. You definitely need to be in the country to claim EI legally unless you are going for a job interview or dealing with a weird situation like a family death. Doesn’t mean you can’t claim EI, leave, and hope you don’t get caught ya pogey loving bastards.
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Jan 31, 2018 21:10
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Lead out in cuffs posted:Why would it? I don't think you need to be in the country to claim EI. One of the first questions that gets asked when you do a bi-weekly EI report is "Did you leave Canada during the time period?"
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Jan 31, 2018 21:24
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So it sounds like I should apply for it after leaving the country and coming back, if needed.
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Jan 31, 2018 21:46
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When you are claiming EI each week, they specifically ask you if you are willing and able to work for a job if called upon. For the severance time period I don't think this matters. So start the EI claim immediately after taking the severance, and make sure you are in the country when you are clicking the checkboxes for EI claims after your severance.
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Jan 31, 2018 21:57
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Also, the severance would be reported to cra by your former employer so some government agency would know about it, but I'm not sure if it'll show up on your record of employment. When filling out the EI reports they ask about receiving money for any reason, you would click yes when the severance comes through and they'll ask for you to call to clarify.
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Jan 31, 2018 23:01
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When I got paid out severance it was just added to my total income on my t4. Mind you it was only 4K so YMMV
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Feb 1, 2018 01:24
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Lead out in cuffs posted:Why would it? I don't think you need to be in the country to claim EI. Hell I have friends who took their newborn to Thailand for three months of their parental leave. You absolutely do need to be in the country (barring some edge cases). IIRC the penalty for getting caught receiving EI when you shouldn't is up to double the amount back You just need to inform them you're leaving.
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Feb 1, 2018 04:43
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Vanguard is launching some "all in one" balanced ETFs to compete with robo-advisers. Great if following CCP is too much work for you but you're otherwise willing to buy during market hours. Still higher MERs than if you buy a mix of funds yourself (esp if you just rebalance when you buy more), but undeniably a great option anyway. https://www.vanguardcanada.ca/individual/indv/en/product.html#/productType=etf&assetClass=balanced Guess I don't have an excuse to not liquidate my remaining Tangerine index funds. Cold on a Cob fucked around with this message at 20:29 on Feb 1, 2018 |
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Feb 1, 2018 20:27
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Yeah, saw that this morning and it seemed pretty cool. Beats tangerine and TD/BMO offerings by a large margin. My parents seem to like being fleeced by mutual fund salesman but maybe 'buy this and do nothing' might be simple enough for them to make the jump. I'm curious as to the tax implications of this - since it's a wrapper on other funds, would rebalancing within the funds trigger capital gains within the overall fund? Would distributions be considered eligible? Would withholding from VTI induce extra drag?
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Feb 1, 2018 23:42
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Jan posted:One of the first questions that gets asked when you do a bi-weekly EI report is "Did you leave Canada during the time period?" When I was on EI years ago I went to the states for a long weekend and they deducted one day of EI from me 
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Feb 2, 2018 01:13
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Anyone get replies on their Home Trust visa applications yet?
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Feb 2, 2018 01:33
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Yeast Confection posted:Anyone get replies on their Home Trust visa applications yet? I haven't. Allegedly they have a manual underwriting process, and are probably swamped with applications given the Amazon card's demise.
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Feb 2, 2018 18:12
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Yeast Confection posted:Anyone get replies on their Home Trust visa applications yet? I got an email confirmation a couple days back saying it would be another 3-4 weeks to process.
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Feb 2, 2018 18:27
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Cold on a Cob posted:Vanguard is launching some "all in one" balanced ETFs to compete with robo-advisers. Great if following CCP is too much work for you but you're otherwise willing to buy during market hours. Still higher MERs than if you buy a mix of funds yourself (esp if you just rebalance when you buy more), but undeniably a great option anyway. So how does it work exactly. Is it basically the same as me just buying the tangerine index funds. Little to no brain power, I just throw money at the portfolio until I want to withdraw?
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Feb 2, 2018 19:05
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I got my Fido card already, the one with the 4% back on foreign transactions (and 2.5% exchange fee for a net 1.5% reward). I ordered it a week ago.
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Feb 2, 2018 19:14
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Square Peg posted:I got my Fido card already, the one with the 4% back on foreign transactions (and 2.5% exchange fee for a net 1.5% reward). I ordered it a week ago. Something that you need to be aware of is that if you buy some thing in a foreign currency, and then return the item or refund it you'll be dinged the 2.5% transaction fee as fido takes back the 4% cashback on returns/refunds. an example is if you book a hotel with the Fido MC but then cancel your reservation because you got sick, you'll need to pay the 2.5% transaction fee when you get refunded, since fido takes their 4% cashback away.
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Feb 2, 2018 19:21
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Chillyrabbit posted:So how does it work exactly. Is it basically the same as me just buying the tangerine index funds. Little to no brain power, I just throw money at the portfolio until I want to withdraw? It's like buying shares in a stock. You need a brokerage account, and you can only purchase whole units when the market is open. I'm far from an expert, I just follow the Canadian Couch Potato plan. There's an FAQ on his website about ETF investing, this can help you: http://canadiancouchpotato.com/couch-potato-faq/
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Feb 2, 2018 19:45
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Cold on a Cob posted:It's like buying shares in a stock. You need a brokerage account, and you can only purchase whole units when the market is open. I mean I already have an account with Questrade, I rebalance every year with my Christmas bonus since penny packets investing doesn't make much sense to me, and I don't want to keep on recalculating to find out how much of each share I need. I also have tangerine mutual funds since it's basically just investing with no thinking when I was still in school. If its basically the same as the tangerine funds, but in the ETF platform I'll probably start investing more in Questrade.
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Feb 2, 2018 20:03
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Dear stocks, stop going down. TIA
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Feb 2, 2018 20:51
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Not sure if this is the right thread, so please feel free to train me to the right one, but: My mortgage term is up in six months, and I just got an automatic renewal "special offer" from my bank. I know that the automatic renewals are generally a bad deal, but in this case I think the system processed it before the most recent prime rate increase. One of the offers is for a 5-year closed fixed term at 3.51%, but what I'm reading seems to indicate that a 5-year closed variable term would be coming in around 3.45% right now. I'm thinking that the current trend makes further hikes in the next five years pretty likely. Sooooo is that a decent offer, or should I try to beat 'em down?
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Feb 2, 2018 21:32
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Go get some quotes from other lenders, with those quotes in hand show your current lender, bargaining can commence
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Feb 2, 2018 21:33
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