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Franks Happy Place posted:Premium credit card and a U.S. checking account would be nice. I also use TD's safe deposit box, but I can concede on that one. What added value are you getting from limiting yourself to getting your credit card and chequing account from the same bank? Decide on them independently.
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Apr 8, 2015 19:58
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Kalenn Istarion posted:CRA question. For various reasons, my tax was under-deducted by my employer in 2014 but I wasn't aware of the existence or quantum of the under-deduction until I got my return back from my accountant and now owe a tax bill larger than the amount of cash I have comfortably available. I'll be fine to pay it but need to liquidate some investments and want to do so without undue loss or paying interest / fees to CRA. Has anyone had to deal with something similar and/or know about CRA programs related to this? I would start here: http://www.cra-arc.gc.ca/gncy/cllctns/menu-eng.html Payment arrangements
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Apr 9, 2015 02:55
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Guest2553 posted:Nobody else mentioned it yet but 10k limit is fine for me personally but makes me sad for society. I don't see how this is going to do anything but increase the wealth gap and lead to reduction in government services over the long term.
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Apr 21, 2015 23:37
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10k TFSA annual cap 
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Baronjutter posted:I'd much rather have a lower cap and an actual developed-world level of social services and infrastructure. That's worth a hell of a lot more to me than how ever much I'll save on taxes on my TFSA. Every time I go down to Seattle from Vancouver and see the condition of their roads, suburbs, other public infrastructure, and education level of their service staff I reconfirm that I value shared, societal wealth higher than a slight decrease in relative individual wealth.
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Apr 22, 2015 00:04
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sbaldrick posted:Given I've never put a dollar in my TFSA (thank you gold pension) should I put some away? I don't know if this is a sarcastic comment or not so I'll treat it seriously. Hell yes, start using your TFSA. If you invest properly, it will take years off your working life or give you extra income on top of your pension to increase your retired standard of living. Also, in the future the TFSA will reduce capacity for government spending on public services so you will need to spend more personally in order to maintain the same standard of living. If you don't use the TFSA, then you will be falling behind.
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Apr 22, 2015 18:44
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HookShot posted:Theoretically a bank in another country should be able to wire the money directly into your Canadian account. I have no idea as to whether or not they would do this. If I were a CRA lawyer I would argue that you actively using your Canadian bank account was an indicator of residency for tax purposes.
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Jun 13, 2015 07:37
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HookShot posted:If it were literally the only thing tying him to Canada then I doubt that would fly... if he bought a house here and then proceeded to not use it then yeah for sure. But just depositing some cash into a bank account I dunno. But again, that's just me guessing. I think having a bank account here is considered secondary, and you need to have a few secondary ties to count as a RFTP He didn't ask if it would make him a resident, he asked if it would have an effect on his residency status. The answer is yes, it would have an effect on the analysis.
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Jun 13, 2015 10:05
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I'm going to max out my TFSA this year and am planning to continue my monthly rate of contributions in a non registered account. I want to take advantage of the tax free dividend for eligible Canadian shares. If I hold my preferred shares allocation (ZPR) in the non registered account is there anything I need to be aware of? E: or should I hold ZPR in my TFSA and my capital gains assets in a non registered account because of the favorable tax treatment on CG? Mantle fucked around with this message at 21:19 on Aug 10, 2015 |
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Aug 10, 2015 19:23
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Lexicon posted:It probably means the no-margin forex is going away. Rogers has a weird no margin forex where they say it's no margin but they change all currencies to USD before billing in CAD. So is it just the final USD CAD forex that is no margin?
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Oct 16, 2015 15:56
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Guest2553 posted:I believe there's more to an election than blatant self interest, so I didn't vote for the Tories even though it would have saved me at least a couple grand a year. That said I'm really gonna miss the TFSA contribution room since that was going to be my primary retirement account. I probably wouldn't feel so salty about it if I knew the money would go towards something tangible (infrastructure, minimum living allowance, affordable housing, etc) instead of some pork-barrel project in a friendly riding Your vote for the Tories wouldn't have done anything because your marginal effect on the outcome of the election is basically zero. Vote your conscience.
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Oct 20, 2015 02:16
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Word of warning to those with Qtrade-- their fees are prohibitively high. I opened a TFSA worth them back in 2009 before switching to Questrade in 2013 and have been in the process of centralizing all my investments with Questrade. I just discovered that Qtrade charges a ridiculous $50 for each withdrawal from the TFSA. This is in addition to their $60/year admin fee for each account if you don't make any trades.
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Oct 31, 2015 22:02
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Just learned that Coast Capital Savings will be discontinuing their on demand temporary cheques at the end of this year. Stock up on $2/12 cheques while you can, afterwards the cheapest will be about $45/100.
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Nov 6, 2015 22:50
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I think the decision will come out in the 2016 budget.
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Nov 14, 2015 16:30
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Guest2553 posted:I had a discussion with someone earlier who told me about a $5000 prepaid credit card he uses as his emergency fund. Apparently, the company pays 5% interest per annum on positive balances, making it better than nearly any other fixed income option out there. It's a loss leader geared towards people with lovely credit who are more likely to overdraw and rack up fees, but he made it work for him. Must know the name of this credit card, now!
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Nov 20, 2015 05:58
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jm20 posted:You can walk inside a branch and talk to someone about your problems, which they generally solve for the patron after they've had to wait in a single file line for some time. There is also a "strategically" located ABM on premises that offers you a physical medium for your currency if needed. Is this sarcasm? Cause waiting in line during banking hours sounds like it sucks and there are tons of 711 and Scotiabank around where I can withdraw cash at without service charges-- more than any one bank can offer.
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Nov 26, 2015 01:20
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jm20 posted:Not everyone is satisfied with a no frills banking service like tangerine, and do in fact make use of banking branches, the services as well as conveniences they offer. As for why someone pays a punitive fee of say $30 a month for a chequing account that I cannot defend given it is much cheaper to float the 5k or whatever balance is required. At an average of 7% per annum, I expect my $5000 to return $350 per year. That lost opportunity is pretty much costing the same as $30/mo.
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Nov 26, 2015 02:53
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Post a screen shot of your reported transactions from CRA my account?
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Dec 8, 2015 19:31
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Probably, yes.
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Dec 9, 2015 01:41
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If you do want to realize a loss for tax purposes you can replace the holding with something similar that has the same role in your portfolio right? Like replace ZPR with CPD or VAB with VSB?
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Dec 19, 2015 17:14
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My 2015 RRSP deduction limit is: My 2015 RRSP contributions during the 2015 calendar year are: My total RRSP contributions during the first 60 days of 2016 are:
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Jan 14, 2016 18:41
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Hold it all in CAD to avoid transaction costs. If you want exposure buy the unhedged versions of funds, if you don't want exposure buy the hedged versions. All in CAD.
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Jan 19, 2016 17:28
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The problem is you believe you can beat the market by predicting the future of exchange rates and are betting the extra expense of currency hedging on it.
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Feb 20, 2016 03:48
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spoof posted:Are there any discount brokerages with either an external API, or internal rules, that you can use you buy ETFs on a regular basis? This is one thing I like about mutual funds, is that you can set you a monthly buy of, say, $1000 of TDB900. Ideally it would be great to be able to script things like rebalancing as well, and completely take out any emotion from trading decisions. http://www.questrade.com/api Dunno how well supported it is though.
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Feb 27, 2016 10:49
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spoof posted:This is perfect. I saw that IB has an API as well, but I'm already with Questrade. Would you be sharing your project and posting code? Seems like something that many people would be interested in.
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Feb 27, 2016 21:50
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DuckConference posted:Is everyone still waiting on their T3s? It's the worst part about still having ETFs in taxable accounts. My T3s were the first slips to appear in CRA my account this year. Have you looked there?
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Mar 17, 2016 02:00
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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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I did it this year, it was relatively painless. You first apply for the letter from CRA, then present it to your payroll department at work.
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Apr 19, 2016 19:14
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So in theory tomorrow my bonds will be up and I should sell them to buy more XEF?
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Jun 24, 2016 07:06
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My VAB was up .8%. Sold half to buy more XEF. All in all I was down about 2.6% on the day. Mantle fucked around with this message at 00:07 on Jun 25, 2016 |
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Jun 25, 2016 00:02
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Just use both credit cards?
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Sep 15, 2016 18:57
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Transfer, don't withdraw and contribute. You should be able to transfer a cash position in kind and if it's over $25,000 Questrade should reimburse your transfer out fees up to $250 or so.
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Sep 24, 2016 17:30
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Rick Rickshaw posted:Another win for the stay the course! If we are being serious this doesn't prove "stay the course" either since it's only one day.
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Nov 9, 2016 21:26
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Kalenn Istarion posted:Market behaviour reflects expectations for outcomes in addition to actual outcomes. Stocks are now pricing in expected economic impacts that can be extrapolated from trump's policies, including infrastructure spending. Construction materials stocks that sell into the us were all up 15-30% over the last couple days, as an example, even though it will take over a year for any policy to result in s change in dollars on the ground. My gut feeling is that his isolationist economic and political policies are inflationary so the uptick in prices is based on a less valuable USD rather than the expectation of newly created value.
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Nov 12, 2016 17:51
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Rick Rickshaw posted:poo poo poo poo poo poo. Instead of giving the letter to your ex, you should also return to sender it back to CRA. This way your ex will be forced to change her address on file with the CRA so that she reports she is no longer living at your address. This matters because CRA will make determinations on your marital status based on this information which will affect your tax situation. There can be a lot of tax consequences for this change so the sooner this is cleared up with CRA the better for you.
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Nov 17, 2016 22:12
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Risky Bisquick posted:So who else started the new year with a 100% allocation to us equity? http://www.investopedia.com/ask/answers/042715/what-difference-between-speculation-and-gambling.asp
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Jan 6, 2017 06:36
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Jan posted:Is there a thread opinion on Wealthsimple? It basically looks like CCP philosophy made into an online service. I would say maybe if wealthsimple is controlling the allocation, and no if you are controlling the allocation since it would just be another temptation to fiddle with it. If the reason was for lowering fees then maybe.
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Jan 13, 2017 21:55
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Skizzzer posted:I just want to confirm that I'm doing this e-series thing correctly: If you rebalance more frequently, you're not giving your performing asset classes room to run.
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Jan 24, 2017 01:53
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Subjunctive posted:Wouldn't that argue for never rebalancing, or treating rebalancing as "timing the market"? No, because the decision to rebalance on period of x time is made at the time of determining strategy, not at the time of rebalancing.
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Jan 24, 2017 03:17
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I did this calculation recently and decided that it doesn't make sense to defer the deduction unless the marginal difference in taxes is over 10% or so. In my case it was something like 1) defer 30% tax on $5000 this year or 2) defer 33% tax on $5000 next year, but miss out on 1 year of gains on $1500, which would be roughly equal to deferral of 33% next year. 33/30 is roughly a return of 10%. If for example your choice was 1) defer 15% on $1000 this year or 2) 22% on $1000 next year, your expected return on the $150 you got back from option 1 would have to exceed 22/15.
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Feb 24, 2017 08:39
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Reply is not edit
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Feb 24, 2017 08:40
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