Search found 55 matches

by KFried
15 Oct 2017 15:58
Forum: Taxing Situations
Topic: T1135 Form
Replies: 144
Views: 8737

Re: T1135 Form

My interpretation of "personal use" according to CRA's aid is that it's opposed to an income-generating vehicle. If I, the owner, am not renting out, whose use is it ? There's no room for arguing here, IMO, CRA or not. Again, is there a limit on the number of personal use properties one can own ? Di...
by KFried
15 Oct 2017 11:21
Forum: Taxing Situations
Topic: T1135 Form
Replies: 144
Views: 8737

Re: T1135 Form

To me, utilities on but empty, curtains drawn, equals "mothballed". CRA's own aid page on T1135 mentions a Florida condo rented 40% of the year as an example of "personal use", thus non-reportable. By comparison, my empty apartments qualify even more. The candid truth is that I'm keeping the apartme...
by KFried
14 Oct 2017 14:13
Forum: Taxing Situations
Topic: T1135 Form
Replies: 144
Views: 8737

Re: T1135 Form

For 2018: Apartments only. Cost = ACB from above. Max value may be a higher number if loonie depreciated and/or market value increased. RE is only excluded if it is a vacation property. Neither of the apartments qualify based on what you have said I consider the 85k apartment as my pied-a-terre in ...
by KFried
14 Oct 2017 12:46
Forum: Taxing Situations
Topic: T1135 Form
Replies: 144
Views: 8737

Re: T1135 Form

Thru inheritance, in 2017 my foreign holdings became: 130k - bank accounts+one apartment 85k+second apartment 30 k 1. What do I declare for 2017 ? 2. I will re(?)-patriate the cash in the banks to Canada in 2017; that will leave me with the apartments(not rented, mothballed). What will I have to dec...
by KFried
21 Apr 2017 18:30
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Home Capital Group (Symbol-HCG)
Replies: 263
Views: 15628

Re: Home Capital Group (Symbol-HCG)

KFried wrote:
21 Apr 2017 18:09
Does CDIC protect the money from business accounts as well ?
Under their offering (.35%), Tangerine says CDIC covers business accounts also
by KFried
21 Apr 2017 18:09
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Home Capital Group (Symbol-HCG)
Replies: 263
Views: 15628

Re: Home Capital Group (Symbol-HCG)

CROCKD wrote:
21 Apr 2017 17:58
As an Oaken (subsidiary of HC) depositor I just got the 'don't worry' email from them. The GIC ladder I have with them is within the CDIC limit so at this time I am just an interested spectator.
Does CDIC protect the money from business accounts as well ?
by KFried
21 Apr 2017 17:26
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Home Capital Group (Symbol-HCG)
Replies: 263
Views: 15628

Home Capital Group under OSC investigation

Parent of Oaken. CDIC outfit. Have 50k in a business acct with them. Sent me a 'stay calm' e-mail.
Reasons to worry ?

Thanks
by KFried
14 Apr 2017 19:53
Forum: Taxing Situations
Topic: T1135 Form
Replies: 144
Views: 8737

Re: T1135 Form

Last year I've inherited overseas: One property that I've sold for 42k. One studio apartment where my father lives Nov-Mar - 30k Half of an apartment where my father lives the rest of the year - 70/2=35k Do the apartments qualify as personal use, meaning my total is under the 100k threshold ? Also, ...
by KFried
08 Apr 2017 10:13
Forum: Under the Mattress: Protecting Your Money
Topic: High interest rates for savings, GICs and MMFs (2017)
Replies: 463
Views: 32852

Re: High interest rates for savings, GICs and MMFs (2017)

At Tangerine, one can easily set up multiple ISAs online, no bureaucracy. Do each and everyone of the accounts qualify for the 100k CDIC protection ?

Thanks
by KFried
30 Jan 2017 11:41
Forum: Financial Planning and Building Portfolios
Topic: Canadian Scholarship Trust
Replies: 16
Views: 12508

Re: Canadian Scholarship Trust

My grandmother used to sell for CST back in the day. My sister and I had CST units. I think that in the 80s/90s it made a lot of sense because self-directed investment was just not very accessible and this was an easy way for family to contribute to a kid's future. But yeah it's not a very favourab...
by KFried
28 Jan 2017 11:17
Forum: Financial Planning and Building Portfolios
Topic: Canadian Scholarship Trust
Replies: 16
Views: 12508

Re: Canadian Scholarship Trust

Figured we got 2-3% annualized for our contributions (12 years) with CST. They siphoned away half of the 20% that the government is matching. Bureaucratic pain to receive the installments. You can do better self-directed and have way more flexibility. Plus, our CST agent sounded like a well-versed s...
by KFried
25 Jan 2017 06:21
Forum: Financial Planning and Building Portfolios
Topic: Market timer sitting on cash needs help with deployment
Replies: 43
Views: 2169

Re: Market timer sitting on cash needs help with deployment

The sooner you realize that its about maximizing your gains and minimizing your losses you're ahead of 70% of retail investors already (FWF Members are in that 30%) Are u saying it's a zero-sum game and top 30% retail takes the bottom 70%'s money ? How about the private/institutional? Are they so r...
by KFried
22 Jan 2017 21:13
Forum: Financial Planning and Building Portfolios
Topic: Market timer sitting on cash needs help with deployment
Replies: 43
Views: 2169

Re: Market timer sitting on cash needs help with deployment

jay wrote: There is evidence that value averaging is superior to DCA
Will curiously look up VA. Learning new investment concepts/ideas is fun!(satisfies my greed )
by KFried
22 Jan 2017 20:27
Forum: Financial Planning and Building Portfolios
Topic: Market timer sitting on cash needs help with deployment
Replies: 43
Views: 2169

Re: Market timer sitting on cash needs help with deployment

Would you feel way worse if you bought and the market went down? Or way worse if you missed out on some gains? Same as most people I fear loss more. I need to educate myself on investing to the point where I have the illusion of some control. Then, I'll place the money and not look back. I think. C...
by KFried
22 Jan 2017 20:17
Forum: Financial Planning and Building Portfolios
Topic: Market timer sitting on cash needs help with deployment
Replies: 43
Views: 2169

Re: Market timer sitting on cash needs help with deployment

I was hoping to start a conversation with, say, the merits of a big-bang vs. a phased deployment. There is evidence that value averaging is superior to DCA but might end having you less invested, which seems to be OK given that you are quite cash heavy at this point. Probably Bigass DCA. LSD seem t...
by KFried
22 Jan 2017 20:12
Forum: Financial Planning and Building Portfolios
Topic: Market timer sitting on cash needs help with deployment
Replies: 43
Views: 2169

Re: Market timer sitting on cash needs help with deployment

There was a link posted to https://www.portfoliovisualizer.com/ earlier and Norms Asset mixer is always good http://www.ndir.com/cgi-bin/downside_adv.cgi I would suggest you play arround with that. Try putting in $1 mil 25% XIC, 10% VTI, 5% EFA, 50% XBB, 10% CASHX and a $50,0000 fixed withdrawal an...
by KFried
22 Jan 2017 20:01
Forum: Financial Planning and Building Portfolios
Topic: Market timer sitting on cash needs help with deployment
Replies: 43
Views: 2169

Re: Market timer sitting on cash needs help with deployment

Commit to buying tranches at: -5% from today's price -8% -12% -15% ... But in your shoes I'd try to get big chunks deployed at -5 to -10% because I think it's less likely it will be much more than that. Averaging down the market - fair enough: 100k per 5% drop. Noted, decent mehod. Not expecting '0...
by KFried
22 Jan 2017 19:48
Forum: Financial Planning and Building Portfolios
Topic: Market timer sitting on cash needs help with deployment
Replies: 43
Views: 2169

Re: Market timer sitting on cash needs help with deployment

The main goal is to secure retirement, which I imagine he can do even if his performance lags a bit. If this is not true, his is probably not ready to retire. Another thought: If OP was talking about buying cad dividend stocks, would the advice be a lump sum deployment? Probably not, right? (e.g., ...
by KFried
22 Jan 2017 19:27
Forum: Financial Planning and Building Portfolios
Topic: Market timer sitting on cash needs help with deployment
Replies: 43
Views: 2169

Re: Market timer sitting on cash needs help with deployment

DanH wrote:There is also Steadyhand's Volatility Meter
Thanks. I went straight to the market timing scenarios :-)
by KFried
22 Jan 2017 19:25
Forum: Financial Planning and Building Portfolios
Topic: Market timer sitting on cash needs help with deployment
Replies: 43
Views: 2169

Re: Market timer sitting on cash needs help with deployment

You call yourself a market timer, I'm a particular fan of that strategy, but what is your methodology? I'm no market timer: 'twas just click-bait, sorry. No method, either. Nonetheless, one disciplined investor only needs to guess the bottom right once or twice. Then he can espouse finiki 100% and ...
by KFried
22 Jan 2017 19:09
Forum: Financial Planning and Building Portfolios
Topic: Market timer sitting on cash needs help with deployment
Replies: 43
Views: 2169

Re: Market timer sitting on cash needs help with deployment

Spidey wrote: ... and only invest when opportunities appeared to present themselves (eg significant market declines). This presents opportunities whether the market advances, declines or stays flat.
Hello, my fellow market timer ! People say you're a fiction ( like Spidey)
by KFried
19 Jan 2017 11:51
Forum: Financial Planning and Building Portfolios
Topic: Market timer sitting on cash needs help with deployment
Replies: 43
Views: 2169

Re: Market timer sitting on cash needs help with deployment

Shakespeare wrote:I've come to the conclusion that a "tranche" approach is best for most individuals despite the Vanguard research. The optimum number of tranches seems to be 3-5. Note that 5 tranches gives a 3-month interval for a one-year deployment.
Noted. Cheers for your longtime efforts in FWF
by KFried
19 Jan 2017 11:47
Forum: Financial Planning and Building Portfolios
Topic: Market timer sitting on cash needs help with deployment
Replies: 43
Views: 2169

Re: Market timer sitting on cash needs help with deployment

Best to make the investing decisions and look through the windshield at the road ahead, albeit in the OP's case, the lump sum is such a large part of the portfolio that a disciplined quarterly injection of cash into investments over the course of a year may help with the 'sleep at night' factor'. T...
by KFried
19 Jan 2017 11:42
Forum: Financial Planning and Building Portfolios
Topic: Market timer sitting on cash needs help with deployment
Replies: 43
Views: 2169

Re: Market timer sitting on cash needs help with deployment

From nearly a year ago: Does hoarding cash protect investors from the bear? I also met a few people in 2012 that had a windfall of cash to invest. At that time, the market had nicely rebounded from the Financial Crisis and the strong rebound – adding valuation risk to the list of worries. These peo...
by KFried
19 Jan 2017 11:14
Forum: Financial Planning and Building Portfolios
Topic: Market timer sitting on cash needs help with deployment
Replies: 43
Views: 2169

Re: Market timer sitting on cash needs help with deployment

Both lump sums were stressful, but spreading it out over months would have been work and stress too, maybe more so than just doing a lump sum. In your position with such a high % cash to invest, I might consider DCA, but if I did it that way I would set a strict monthly or quarterly investing sched...