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by kcowan
16 Dec 2017 19:03
Forum: Taxing Situations
Topic: Tax Installments
Replies: 381
Views: 37069

Re: Tax Installments

Yes you can set up bill payments to several accounts. Just pay attention to their descriptions. You can also set up payments to other brokerages.

I paid my Dad's utilities in his final years, including his cottage in northern Ontario...
by kcowan
16 Dec 2017 17:11
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Power of Dividend Growth 2011 (and beyond)
Replies: 773
Views: 54751

Re: Power of Dividend Growth 2011 (and beyond)

What's VPW? I certainly can empathize with the desire NOT to cash out. As I mentioned elsewhere, I am hoping that when I am older and closer to the end that I'll have to will power to cash out and give it away. I think it makes a lot of sense to start serious gift-giving while alive rather than lea...
by kcowan
16 Dec 2017 06:53
Forum: Taxing Situations
Topic: Tax Installments
Replies: 381
Views: 37069

Re: Tax Installments

Use postdated transactions and then you can safely forget :wink: When we receive our notices, I set postdated transactions for the next two dates and then I don't have to worry about them any further. Yup. Once I get the government's demand for quarterlies, I set up the bill payments to look after ...
by kcowan
16 Dec 2017 06:40
Forum: Taxing Situations
Topic: Investment income in a CCPC
Replies: 901
Views: 75229

Re: Investment income in a CCPC

God help us. Morneau had better upgrade the quality of his trained monkeys at the CRA to even attempt to apply these rules. Oh wait! The responsibility for the CRA lies with another minister. OK then he is off the hook because administering his new complex rules is beyond his control!
by kcowan
16 Dec 2017 06:23
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Power of Dividend Growth 2011 (and beyond)
Replies: 773
Views: 54751

Re: Power of Dividend Growth 2011 (and beyond)

Yes. It’s nice to see the balances go up but what is the point other than to spend or give more later? I’ve been selling down/gifting a fair bit recently but portfolio is still near all time high. This can’t last forever. Is everyone in this thread who is retired using VPW? This assures the growth ...
by kcowan
14 Dec 2017 16:32
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Power of Dividend Growth 2011 (and beyond)
Replies: 773
Views: 54751

Re: Power of Dividend Growth 2011 (and beyond)

I think the example focuses on total return. I agree that you must keep an eye on total return in any dividend strategy. One the total return equals the dividend return then it goes on my watch list.
by kcowan
14 Dec 2017 16:25
Forum: Retirement, Pensions and Peace of Mind
Topic: TFSA Contribution 2018
Replies: 33
Views: 1611

Re: TFSA Contribution 2018

Well it seems that young people are opting out of the RRSP in favour of the TFSA. My idea was to encourage them back once their TFSA room is used up?
by kcowan
14 Dec 2017 16:21
Forum: Property: Owning, Renting, Managing, Investing and Mortgaging
Topic: Housing Bust 2017
Replies: 217
Views: 11708

Re: Housing Bust 2017

Aren't the people you are describing the kind of people who would work for a telco or the government?

The entrepreneurs are still engaging although it is tougher to get a home run these days.
Maybe they have to get up to bat 2 or 3 times to get a winner.
by kcowan
14 Dec 2017 16:06
Forum: Taxing Situations
Topic: WTH CRA? You're so incompetent lately
Replies: 7
Views: 284

Re: WTH CRA? You're so incompetent lately

This is why we have to be diligent about sticking to our claims. They are counting on us giving up. I would keep a trail of communications to send to the minister and copy our Finance Minister who seems to think that his CRA can administer complex rules! I have done similar tactics with Sun Life on ...
by kcowan
14 Dec 2017 15:37
Forum: Taxing Situations
Topic: Changing past tax returns (T1-ADJ)
Replies: 6
Views: 137

Re: Changing past tax returns (T1-ADJ)

I have probably mentioned this before, but DWs cousin worked for CRA and was subjected to hiring rules and quotas that forced her to hire under-qualified people just to make quota. When you are dealing with them, remember that you engineers can ring circles around these people mentally. Just let the...
by kcowan
14 Dec 2017 05:27
Forum: Retirement, Pensions and Peace of Mind
Topic: TFSA Contribution 2018
Replies: 33
Views: 1611

Re: TFSA Contribution 2018

While we are wildly speculating, why not have the TFSA replace the RRSP? I could see an optional increase in TSFA limits based on foregoing RRSP room as an evolutionary step. I've answered the same question from you in the past: the RRSP system is well integrated with the pension plans, resulting i...
by kcowan
14 Dec 2017 05:13
Forum: Taxing Situations
Topic: Changing past tax returns (T1-ADJ)
Replies: 6
Views: 137

Re: Changing past tax returns (T1-ADJ)

Well I have no experience on filing arrears. But I would immediately file for the 3 years 2014-6 before this year is out. Then I would file the further arrears as a batch once the current submission is accepted with an NOA. If they pick up on the pension splitting, then I would appeal on the basis t...
by kcowan
13 Dec 2017 15:22
Forum: Retirement, Pensions and Peace of Mind
Topic: TFSA Contribution 2018
Replies: 33
Views: 1611

Re: TFSA Contribution 2018

While we are wildly speculating, why not have the TFSA replace the RRSP? I could see an optional increase in TSFA limits based on foregoing RRSP room as an evolutionary step.
by kcowan
13 Dec 2017 04:20
Forum: Retirement, Pensions and Peace of Mind
Topic: TFSA Contribution 2018
Replies: 33
Views: 1611

Re: TFSA Contribution 2018

There are several things in the tax code that make sense to many of us as future developments but we never cease to be amazed that politicians do not pick them.
by kcowan
13 Dec 2017 04:16
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Saving for down payment in roughly 5 years
Replies: 22
Views: 578

Re: Saving for down payment in roughly 5 years

longinvest wrote:
12 Dec 2017 22:44
ghariton wrote:
12 Dec 2017 20:50
life is full of risks, and most of us are far more resilient than we imagine.
+1 :thumbsup:
+2 :thumbsup: :thumbsup:
What never ceases to amaze me is how 2000 created an experience that profoundly influences George now, 17 years later. Thanks for reminding us.
by kcowan
12 Dec 2017 08:36
Forum: Taxing Situations
Topic: Investment income in a CCPC
Replies: 901
Views: 75229

Re: Investment income in a CCPC

Aha! The dreaded IPP surfaces as a necessary approach from Morneau-Chapelle to overcome Morneau's revised tax code. Let us fire the ethics commissioner to deflect the attention from Morneau's clear conflict of interest. Obviously it was the commissioners fault because poor Morneau has not idea what ...
by kcowan
12 Dec 2017 08:24
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Saving for down payment in roughly 5 years
Replies: 22
Views: 578

Re: Saving for down payment in roughly 5 years

Another thought of the OP to consider if they choose to invest their down payment funds into the equity market, perhaps they might choose something that tracks or shows correlation to the housing market as their investment vehicle. For example, would REITs offer some level of correlation that might...
by kcowan
12 Dec 2017 08:10
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: RBC DIRECT INVESTING
Replies: 15
Views: 1399

Re: RBC DIRECT INVESTING

Only a big Canadian bank would expect you to write down your outstanding bill balances in order to pay them electronically! I use a text file to record them so I do not have a navigate away from their site on the browser.
by kcowan
11 Dec 2017 13:28
Forum: Taxing Situations
Topic: CRA Refund Cheques
Replies: 3
Views: 248

Re: CRA Refund Cheques

They still send out letters during reassessment even when the recipient is on MyCRA. It seems that old habits die hard, or else their measurement scheme is based on paper.
by kcowan
11 Dec 2017 06:19
Forum: Retirement, Pensions and Peace of Mind
Topic: RRIF Withdrawal
Replies: 43
Views: 2570

Re: RRIF Withdrawal

With one exception. If he has contribution room, and has a spouse 71 or younger, he can contribute to a spousal RSP until the end of the year the spiyse turns 71. Yes. He might have to track down the contribution room after all these years. But it seems that train has left the station until he rema...
by kcowan
11 Dec 2017 06:10
Forum: Taxing Situations
Topic: Canadian working remotely in the US
Replies: 1
Views: 78

Re: Canadian working remotely in the US

IANAL but I think you have to pay Canadian taxes and your wife has to pay US taxes. If you get your green card, then you are allowed to operate your consulting business in the US. Then you must file with the IRS and then Canada until you file your final return. You must continue to remit GST on Cana...
by kcowan
11 Dec 2017 06:00
Forum: Property: Owning, Renting, Managing, Investing and Mortgaging
Topic: Housing Bust 2017
Replies: 217
Views: 11708

Re: Housing Bust 2017

I agree that there is a problem when foreign millionaires buy a house here and then send their families who don't work but get free schooling and healthcare, etc... But that has nothing to do with housing. Yes the big problem is that lack of an asset-based means test for everyone who get a governme...
by kcowan
10 Dec 2017 09:34
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Convertible debenture
Replies: 21
Views: 1179

Re: Convertible debenture

Public Service Message: the Financial Post Convertible Debentures List We've received quite a few emails asking about the Financial Post's convertible debentures list, which has apparently vanished from the newspaper's website. Unfortunately, we don't know of another complete list of Canadian conve...
by kcowan
09 Dec 2017 19:12
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Are we too old, crusty and conservative
Replies: 14
Views: 595

Re: Are we too old, crusty and conservative

I admit I am old. I have become conservative although I still hold LULU! But I am not crusty. I echo the sentiment that I have shot the moon and had more 10-baggers than flops. But I have no need for that anymore. I draw down my 2% and try to give more money away. I have increased my giving by 30% t...
by kcowan
08 Dec 2017 15:03
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: What did you Buy? What might you buy? (2017)
Replies: 525
Views: 51573

Re: What did you Buy? What might you buy? (2017)

My guess would be $1k to $2k which was mine back in the day...10 shares would do.