Search found 8125 matches

by kcowan
19 Oct 2017 08:40
Forum: Under the Mattress: Protecting Your Money
Topic: Telephone scams
Replies: 44
Views: 2533

Re: Telephone scams

They record your YES response to use for agreeing to other scam phone offers. Never say YES to an unsolicited call!
by kcowan
11 Oct 2017 02:56
Forum: Taxing Situations
Topic: Moving back to Canada from the US
Replies: 6
Views: 191

Re: Moving back to Canada from the US

We brought a car back from Texas. The border folks accepted my bill of sale (for one third the retail) for GST. I then had to install the running lights and the pay PST on the imported price to get the license at DMV. (This was before HST.) Principal residence is granted as 1031? to repurchase withi...
by kcowan
11 Oct 2017 02:42
Forum: Financial Planning and Building Portfolios
Topic: How far are you from retirement?
Replies: 28
Views: 1112

Re: How far are you from retirement?

Funny but I thought taking the GO was far better than being forced to drive! Go is not bad, still it's getting very crowded and there's no parking - that's what I hear, haven't taken it in 6 years. If I had to drive for 1 hour one way in GTA, I'd kill someone, perhaps myself ;) The contract I had w...
by kcowan
11 Oct 2017 01:36
Forum: Taxing Situations
Topic: Investment income in a CCPC
Replies: 839
Views: 70745

Re: Investment income in a CCPC

How about allowing the first $2 million of capital to accrue? That would provide an taxable income of $60K at 3%, equivalent to a DB pension that the Liberals own civil servants enjoy. (My son runs his rental business through a CCPC and, rather than income sprinkling, he hires his kids to help with ...
by kcowan
10 Oct 2017 01:12
Forum: Taxing Situations
Topic: Life Insurance As An Asset Class
Replies: 42
Views: 3133

Re: Life Insurance As An Asset Class

I have an investment account at Industrial Alliance. Earnings on my investment are tax-sheltered and it pays the premium on a level term policy. I have had this since 2002 when I retired and the earnings cover the premium so far (50% Canadian equity and 50% bonds). I would not select IA today (MERs ...
by kcowan
10 Oct 2017 00:55
Forum: Taxing Situations
Topic: Moving back to Canada from the US
Replies: 6
Views: 191

Re: Moving back to Canada from the US

I would suggest that you find a cross border tax consultant asap. All your questions are good ones. You will be paying US taxes until you declare yourselves non-citizens (renunciation). You should decide on a brokerage and then ask them what they need. Your residence can be a rental.
by kcowan
10 Oct 2017 00:43
Forum: Financial Planning and Building Portfolios
Topic: How far are you from retirement?
Replies: 28
Views: 1112

Re: How far are you from retirement?

I was considering consulting for the longest time, may be I will give it a try. Commute is a killer for sure, most jobs in my field are in downtown Toronto and it's over an hour for me (door to door) taking the Go train. Funny but I thought taking the GO was far better than being forced to drive! D...
by kcowan
06 Oct 2017 11:43
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Article: RioCan’s $2 billion sale raises question about future of retail properties, says confidential report
Replies: 4
Views: 375

Re: Article: RioCan’s $2 billion sale raises question about future of retail properties, says confidential report

AltaRed wrote:
05 Oct 2017 09:26
kcowan wrote:
05 Oct 2017 03:50
Congratulations Altared on exceeding 18000 posts. That is a great single-handed effort to keep FWF going!
Not sure that many posts is a good thing.... :?: :lol: :lol:
Based on my reading, all your posts are very thoughtful. I should add the Shakes is holding up well (but he is an original)!
by kcowan
06 Oct 2017 11:39
Forum: Retirement, Pensions and Peace of Mind
Topic: Any questions about CPP?
Replies: 186
Views: 15295

Re: Any questions about CPP?

GreatLaker wrote:
06 Oct 2017 06:08
Written by Doug Runchey gives detailed calculations https://retirehappy.ca/how-to-calculate ... t-pension/
Is that not Dogger?
by kcowan
04 Oct 2017 02:35
Forum: Financial Planning and Building Portfolios
Topic: No pension, small inheritance, age 53... to RE or not to RE?
Replies: 50
Views: 1158

Re: No pension, small inheritance, age 53... to RE or not to RE?

Just a comment about used condos. Last year we checked purchase prospects in Vancouver where we have rented for 20 years. One complex we looked at was West Royal. It seemed to be better priced than some others. Then I discovered a engineering report that was done is 2012 that forecast a major buildi...
by kcowan
30 Sep 2017 11:56
Forum: Financial News, Policy and Economics
Topic: NAFTA Renegotiation
Replies: 49
Views: 2529

Re: NAFTA Renegotiation

Yes the US imposed import tariffs and then the WTO ruled in our favour and then they stopped but they kept all those extra duties at least twice if not three times. They are playing the game.
by kcowan
30 Sep 2017 11:52
Forum: Retirement, Pensions and Peace of Mind
Topic: CPP and OAS while out of country
Replies: 24
Views: 1509

Re: CPP and OAS while out of country

I think you should get a clarification from the government. It sounds pretty clear that they are not funding welfare for out-of-country residents.
by kcowan
30 Sep 2017 11:36
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: 2017 Predictions Contest
Replies: 85
Views: 3826

Re: 2017 Predictions Contest

A change in leadership as we enter the last quarter!

New leader is, ahem: kcowan

Runners up are nile and LadyGeek.

(Results now showing at http://www.finiki.org/wiki/File:2017Forecast.jpg)
by kcowan
23 Sep 2017 05:20
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: US withholdings in an RRSP account at Direct Investing
Replies: 6
Views: 222

Re: US withholdings in an RRSP account at Direct Investing

Their HQ is not in the US and they do not have a listing directly in the US. So the ADR is subject to withholding in the home country. Telcel in Mexico is one example.

Here is a list you can check for any prospective purchases:
http://topforeignstocks.com/foreign-adrs-list/
by kcowan
23 Sep 2017 00:09
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: US withholdings in an RRSP account at Direct Investing
Replies: 6
Views: 222

Re: US withholdings in an RRSP account at Direct Investing

There is always withholdings on ADRs so I never hold in my RRSP. But US stocks have zero holdback.
by kcowan
19 Sep 2017 15:06
Forum: Retirement, Pensions and Peace of Mind
Topic: Does it make sense to rent in later retirment?
Replies: 43
Views: 2077

Re: Does it make sense to rent in later retirment?

Thanks for the advice Keith! When our oldest son purchased his condo, location, condo fees and finances were the key considerations. His complex is 20 years old. Yes I think you have to be patient. Define what you want and then target the area. Our friends in The Beach are prepared to sell when som...
by kcowan
19 Sep 2017 08:17
Forum: Retirement, Pensions and Peace of Mind
Topic: Does it make sense to rent in later retirment?
Replies: 43
Views: 2077

Re: Does it make sense to rent in later retirment?

I know several folks that live in adult lifestyle communities that cater more or less to active seniors. It's a great concept, but extremely expensive in my mind as you must purchase the building while leasing the property and paying for it's maintenance. For all intents and purposes you are owning...
by kcowan
18 Sep 2017 15:27
Forum: Retirement, Pensions and Peace of Mind
Topic: Does it make sense to rent in later retirment?
Replies: 43
Views: 2077

Re: Does it make sense to rent in later retirment?

With marijuana being legalized, this is becoming a bigger issue -- and it was for me back then. Right across the hall, four students moved in and smoked up daily. I just mostly hate the smell of it. The students tried to cover it by cooking bacon, which just meant the hall wreaked of bacon and mari...
by kcowan
18 Sep 2017 15:17
Forum: Financial Planning and Building Portfolios
Topic: Maximum single position size
Replies: 60
Views: 2600

Re: Maximum single position size

deaddog wrote:
18 Sep 2017 11:02
Sounds like a formula for culling your winners and adding to your losers.
Formula investing never maximizes yields. It just removes emotion from the investing process.
by kcowan
17 Sep 2017 16:31
Forum: Retirement, Pensions and Peace of Mind
Topic: Does it make sense to rent in later retirment?
Replies: 43
Views: 2077

Re: Does it make sense to rent in later retirment?

Dad fell into his bedroom dresser and broke his hip when he was almost 95. He lived in an owned bungalow. A DNR and morphine made his passing painless. MIL lived in her 2 story TH until she went to the hospital for the last time at 93. I had to install a second railing in the stairwell so she could ...
by kcowan
17 Sep 2017 16:12
Forum: Financial Planning and Building Portfolios
Topic: Maximum single position size
Replies: 60
Views: 2600

Re: Maximum single position size

AAPL at just under 12% of my equity portion. I will hold it until I am no longer confident. The latest product announcements might signal the beginning of the end. OTOH the latest Samsung Note 8 is pretty much identical to the iPhone X, including price. But I have no reason to ride it down like Enro...
by kcowan
17 Sep 2017 08:38
Forum: Under the Mattress: Protecting Your Money
Topic: Equifax security breach
Replies: 19
Views: 904

Re: Equifax security breach

I think this link describes the options available to Americans:

https://www.consumer.ftc.gov/articles/0 ... it-freezes
But a response from AR would clarify what is available for Canadians.
by kcowan
17 Sep 2017 08:25
Forum: Retirement, Pensions and Peace of Mind
Topic: Does it make sense to rent in later retirment?
Replies: 43
Views: 2077

Re: Does it make sense to rent in later retirment?

Wife and I are now 85 and wife has been resident in a nursing home for 4 years. I remained in our 3br home for 1 year and then sold it and moved into a ground-floor 2br apartment two blocks walk from her nursing home. Thanks for the look ahead for how we might evolve. Can you share the monthly cost...
by kcowan
16 Sep 2017 16:36
Forum: Financial Planning and Building Portfolios
Topic: Self Insurance Successful Experiences / Stories?
Replies: 30
Views: 3237

Re: Self Insurance Successful Experiences / Stories?

I went with a $250 USD deductible on my health insurance for Mexico because the break even was two events. I had one event and claimed $100 over the deductible. So a good decision on carrying my own risk. In each of two previous years, I had two events. Before that, nothing for seven years.