Search found 7858 matches

by kcowan
26 Apr 2017 09:03
Forum: Property: Owning, Renting, Managing, Investing and Mortgaging
Topic: 16 new housing measures. [Ontario]
Replies: 27
Views: 899

Re: 16 new housing measures. [Ontario]

ig17 wrote:
25 Apr 2017 21:06
Toronto property manager:
https://twitter.com/landlordrescue/stat ... 3408323585
She used to be a regular contributor on CMF but was eventually discouraged by ignorant posters with strong views on RE.
by kcowan
25 Apr 2017 16:38
Forum: Financial News, Policy and Economics
Topic: Protectionism
Replies: 283
Views: 24902

Re: Protectionism

Given that the US always keeps the money they collect, I don't understand why Canada does not slap a 20% export tax on the lumber so that we keep the money?
by kcowan
25 Apr 2017 16:31
Forum: Taxing Situations
Topic: Paying 2016 Tax by Cheque
Replies: 9
Views: 260

Re: Paying 2016 Tax by Cheque

They used to allow 5 days for the cheque to arrive via the post and clear after April 30th. I suspect they still do. When they first implemented eTransfers, I used to delay my transfer for 4 days. I don't know if I could still do that. I think they are counting on your uncertainty! I would post a ch...
by kcowan
24 Apr 2017 08:23
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Home Capital Group (Symbol-HCG)
Replies: 169
Views: 7338

Re: Home Capital Group (Symbol-HCG)

I guess what I like is that there is no place to hide anymore, even deep within the MD&A or even those small type footnotes! I am surprised that the guy would rely on that...
by kcowan
24 Apr 2017 08:17
Forum: Financial Planning and Building Portfolios
Topic: Questions for my Fin. Advisor
Replies: 22
Views: 516

Re: Questions for my Fin. Advisor

This reminds me of when my Dad relied on his two trusted sons about claiming the capital value of his cottage up to $150k tax "free" without actually selling it. We assured him that this was a once only opportunity to avoid future capital gains. Because we were both under 65, we had no idea about al...
by kcowan
23 Apr 2017 08:50
Forum: Financial Planning and Building Portfolios
Topic: Questions for my Fin. Advisor
Replies: 22
Views: 516

Re: Questions for my Fin. Advisor

I don't understand the math but it is early Sunday morning! Gross portfolio gain: $64M in capital and $15M in income. = $79M Less withdrawals: $15M plus $9M plus taxes = $24m plus tax Net gain: $14M Implied taxes: $79M-$24M-X=$14M so x= $41M So realized exchange gains and tax rate really nailed you....
by kcowan
22 Apr 2017 16:39
Forum: Property: Owning, Renting, Managing, Investing and Mortgaging
Topic: 16 new housing measures. [Ontario]
Replies: 27
Views: 899

Re: 16 new housing measures. [Ontario]

SQRT wrote:
22 Apr 2017 11:13
Finally, don't forget that the Canadian Banks did not require a bailout in 2008/2009 like American banks. So our system worked pretty well.
Yes it seems they wanted it called a liquidity injection:
$75 Billion injection between "friends" who claimed they did not need it!
by kcowan
20 Apr 2017 10:05
Forum: Taxing Situations
Topic: T1212 versus T5008
Replies: 4
Views: 247

Re: T1212 versus T5008

As long as the deferral shares are still not registered to you, yes.
Once they get registered, they enter your ACB.
by kcowan
20 Apr 2017 09:45
Forum: Financial News, Policy and Economics
Topic: Which Broker Do you Use?
Replies: 96
Views: 2743

Re: Which Broker Do you Use?

Recognize that all foreign fund receipts need to be adjust by stating country of origin and as well as conversion. And I delete all the T5008s that are for rollovers to clean up the clutter. Only keep the sale transactions.
by kcowan
20 Apr 2017 09:39
Forum: Financial News, Policy and Economics
Topic: Converting a Cheque in British Pounds to Canadian Dollars
Replies: 15
Views: 344

Re: Converting a Cheque in British Pounds to Canadian Dollars

Yes have them use one of the FX interchange sites rather than a bank if there is any flexibility.
by kcowan
19 Apr 2017 12:21
Forum: Financial News, Policy and Economics
Topic: Steve Balmer and the US Governments (all levels) 10-K
Replies: 0
Views: 105

Steve Balmer and the US Governments (all levels) 10-K

http://usafacts.org/
A very comprehensive site on US governments and statistics.

Steve spent $10 million developing this. On the site under Reports is his TED talk. I saw him interviewed on CBS. :thumbsup:
by kcowan
16 Apr 2017 12:05
Forum: Property: Owning, Renting, Managing, Investing and Mortgaging
Topic: Backdoor Rent Increase?
Replies: 17
Views: 562

Re: Backdoor Rent Increase?

Deaddog Our complex is owned by Maple Leaf Property Management. There are 500 rental units. It is backed by/run by Iranians. It is a huge company and seems to be very successful. Rent have increased 55% in 20 years. The unit is rent-controlled but increases through capital investments are allowed. T...
by kcowan
15 Apr 2017 09:05
Forum: Taxing Situations
Topic: T1135 Form
Replies: 127
Views: 6145

Re: T1135 Form

No you can safely ignore the form. It is only the first property that qualifies but only if its cost was higher than $100k. The other personal use properties are exempt, even if you sold them for $500k!

Now this also assumes that you are divulging everything that you own in each country.
by kcowan
15 Apr 2017 08:56
Forum: Property: Owning, Renting, Managing, Investing and Mortgaging
Topic: Backdoor Rent Increase?
Replies: 17
Views: 562

Re: Backdoor Rent Increase?

Does the new tenancy automatically cancel the previous tenancy agreements in BC? No, a new agreement resets to market price. The way most BC landlords jack up rents more than the limit is by renoviction :P Yes we have been renovicted several times: - Replace the copper piping that was randomly leak...
by kcowan
13 Apr 2017 15:58
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Evaluating companies with different Market Value
Replies: 1
Views: 92

Re: Evaluating companies with different Market Value

There are other measure that are much more important than total market cap. I would set a range of acceptable values.
by kcowan
13 Apr 2017 09:34
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Managing REIT portfolio
Replies: 19
Views: 912

Re: Managing REIT portfolio

In West Vancouver, most retail space is released after 18-24 months after the retailer goes bankrupt. Some of the names stay in business but I doubt that these specific locations are winners. I worry that retail REITs are just an accumulation of these spaces and are vulnerable to a turndown.
by kcowan
13 Apr 2017 08:03
Forum: Retirement, Pensions and Peace of Mind
Topic: Withdrawing from a stock based RSP
Replies: 11
Views: 280

Re: Withdrawing from a stock based RSP

Every November I rebalance my RIF stock holdings to create the payment. Usually I sell the losers but once in a while, I will ratchet back on winners if I think their future is less rosy.
by kcowan
12 Apr 2017 12:58
Forum: Property: Owning, Renting, Managing, Investing and Mortgaging
Topic: What to do with a paid off house?
Replies: 43
Views: 1351

Re: What to do with a paid off house?

Our home in the GTA went from $1.05 million in 1990 to $535k in 1997. I was not a happy camper. Market timing applies to RE just like any other asset. A friend and neighbour who sold for $1.05 million rolled his equity into condos in Markham and Downtown Waterfront and a B&B in Niagara on the Lake. ...
by kcowan
12 Apr 2017 09:36
Forum: Under the Mattress: Protecting Your Money
Topic: Best Credit Card (2016-2017)
Replies: 215
Views: 7386

Re: Best Credit Card (2016-2017)

If you have a positive balance on your amazon Visa, they charge 1% for a cash withdrawal, minimum $5. The 1% fee is on all cash advances, whatever your balance. Pretty sure it'd be the same at Rogers, like most credit cards, cos that 1% fee is the only income for the CC co on that transaction (no m...
by kcowan
12 Apr 2017 09:21
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Unsecured Debentures
Replies: 11
Views: 278

Re: Unsecured Debentures

Unsecured debentures are good during periods of certainty in the markets. I would consider these days to be very unsecure. Interest rate are going up, the market is highly valued. Both times to avoid such instruments. Yet when I look at the IPO offerings, they keep getting sold out. So I think there...
by kcowan
12 Apr 2017 09:00
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: 2017 a very tough market
Replies: 34
Views: 1465

Re: 2017 a very tough market

I have filled in some BCE, T and TD on their scandal. Pretty small considering my growing cash position. I try to time my buys but I agree that there are no screaming buys. I avoid US health care because I don't understand it. I could but I am no longer working at it. (I find it amazing how I am inc...
by kcowan
11 Apr 2017 08:54
Forum: Retirement, Pensions and Peace of Mind
Topic: Should I take commuted value or deferred pension
Replies: 28
Views: 883

Re: Should I take commuted value or deferred pension

I agree that the "bridge to 65" is just an actuarial statement from the plan sponsor. My bridge started at 49 and ended at 65 even thought I took CPP at 62. Make no mistake, It is you who are paying for this bridge by taking a higher payout early in return for a lower long term amount per month. Hav...
by kcowan
09 Apr 2017 11:03
Forum: Retirement, Pensions and Peace of Mind
Topic: CPP Deferral debate - Fred Vettese article discussion
Replies: 159
Views: 2181

Re: CPP Deferral debate - Fred Vettese article discussion

Life expectancy is an average, not a ceiling. This average is very useful for insurers and pension plans . On the other hand, it is not an interesting number for an individual retiree; a rational retiree wouldn't aim for a 50% chance of outliving his portfolio. :!: Yes I find it amusing that so muc...
by kcowan
09 Apr 2017 10:45
Forum: Financial Planning and Building Portfolios
Topic: RESP question
Replies: 10
Views: 367

Re: RESP question

To further add to Adrian's informative posts, the limit per child is $50000 in contributions. And the maximum CESG is $7200.

(My experience is that $50000 is a good number and using their contribution limits for CESG, you likely will come up short of funds unless you get lucky in the markets!)
by kcowan
07 Apr 2017 14:00
Forum: Financial Planning and Building Portfolios
Topic: RESP question
Replies: 10
Views: 367

Re: RESP question

No contributions are allowed in the year the child turns 17. So you have one year plus make up this year.

If the child does not go to uni, your principal is returned without penalty and the government match and any earnings are returned to the government.