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by AltaRed
27 Mar 2017 22:11
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Enbridge Income Fund Holdings (Symbol-ENF)
Replies: 82
Views: 6733

Re: Enbridge Income Fund Holdings (Symbol-ENF)

This is a secondary offering, not an IPO. But, in any case, it is done at a price favourable to the issuer, not the buyer. Added: It's Enbridge-held shares, so it isn't dilutive. Stock Market Quotes | Stock Market Quotes and Symbols Agreed. I meant secondary offering (not at initial IPO). We will l...
by AltaRed
27 Mar 2017 19:39
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Enbridge Income Fund Holdings (Symbol-ENF)
Replies: 82
Views: 6733

Re: Enbridge Income Fund

I got an alert from RBC at 2:48pm PDT on the same issue. I don't buy IPOs anyway.
by AltaRed
27 Mar 2017 16:21
Forum: Taxing Situations
Topic: Does this screen look right to you? (RSP Contribution)
Replies: 20
Views: 387

Re: Does this screen look right to you? (RSP Contribution)

To my recollection, I've never had an issue NOT reporting Jan-Feb contributions for the upcoming tax year. That said, I've not often had RRSP contribution room so it was a moot point. ....C'est la vie.
by AltaRed
27 Mar 2017 14:20
Forum: Taxing Situations
Topic: Does this screen look right to you? (RSP Contribution)
Replies: 20
Views: 387

Re: Does this screen look right to you? (RSP Contribution)

I do not believe so. UFile is clear that you only record Jan-Feb 2017 contributions that are meant to go towards the 2016 tax year. The very first line of the tax tip quote Adrian supplied is all about ' the past tax year, i.e. 2016 '. That has nothing to do with contributions in Jan-Feb 2017 made f...
by AltaRed
27 Mar 2017 13:20
Forum: Taxing Situations
Topic: Does this screen look right to you? (RSP Contribution)
Replies: 20
Views: 387

Re: Does this screen look right to you? (RSP Contribution)

If you have indeed made a further $10000 in contribution in 2017 towards a 2017 deduction .... there is actually no place on the UFile data entry form to actually put that information. In TurboTax, Schedule 7 would have to be filled out, via another screen called RRSP Worksheet. The UFile RRSP/PRPP...
by AltaRed
27 Mar 2017 12:38
Forum: Taxing Situations
Topic: Does this screen look right to you? (RSP Contribution)
Replies: 20
Views: 387

Re: Does this screen look right to you? (RSP Contribution)

The UFile RRSP form looks straight forward to me. So don't get what the problem is. In Image 1, you are deducting $10000 for a $10000 contribution in 2016 for 2016. Good so far. Then in Image 2, you add another $9 for a further contribution made Mar-Dec 2016. Also good so far. But also in Image 2, w...
by AltaRed
26 Mar 2017 13:27
Forum: Financial News, Policy and Economics
Topic: CPP Deferral debate - Fred Vettese article discussion
Replies: 103
Views: 564

Re: CPP Deferral debate - Fred Vettese article discussion

adrian2 wrote:
26 Mar 2017 13:09
ghariton wrote:
26 Mar 2017 13:01
I think that your exercise is very clear and very informative. Thank you.
+1!
While I don't see all that much practical application of this in real life for most people reaching retirement age, I also find longinvest's effort informative. Thank you.
by AltaRed
26 Mar 2017 12:03
Forum: Financial News, Policy and Economics
Topic: CPP Deferral debate - Fred Vettese article discussion
Replies: 103
Views: 564

Re: CPP Deferral debate - Fred Vettese article discussion

Given the 1% participation rate to date, how likely is it that benefit deferral incentives might be increased? If the 2012 change was done to make CPP more actuarially sound, then I'd suggest the deferral incentives have a reasonable probability of being increased yet again in another 5-10 years. N...
by AltaRed
26 Mar 2017 10:46
Forum: Financial News, Policy and Economics
Topic: CPP Deferral debate - Fred Vettese article discussion
Replies: 103
Views: 564

Re: CPP Deferral debate - Fred Vettese article discussion

I took my CPP in 2011 at 62 (retired at 57). Was much better for me to not risk more 'opt out' years, and of course the discount was less then too. This is the kind of micro-accountant stuff that I assert (from a pragmatic point of view) that doesn't necessarily play out in real life: In 2017, Jacqu...
by AltaRed
25 Mar 2017 13:08
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Manitoba Tel - Closes at $40.37, Anyone Surprised?
Replies: 10
Views: 529

Re: Manitoba Tel - Closes at $40.37, Anyone Surprised?

As I understand it, it can take circa a week for changes to be noted in brokerage accounts. Probably a result of the work effort undertaken by the transfer agents than the brokerage itself. I believe that all folks like BMO IL do is post what is given to them from external sources. Somewhere else, I...
by AltaRed
25 Mar 2017 13:03
Forum: Financial News, Policy and Economics
Topic: CPP Deferral debate - Fred Vettese article discussion
Replies: 103
Views: 564

Re: Clippings 2017

We will continue to disagree for the rest of our natural lives. Most people do not live by spreadsheets. Are you saying that I live in a spreadsheet? Please explain. I am saying optimizations by spreadsheet rarely work out as planned....and most wouldn't be able to do/rely on/believe the math anywa...
by AltaRed
25 Mar 2017 12:48
Forum: Financial Planning and Building Portfolios
Topic: VT vs VXUS + VTI
Replies: 24
Views: 605

Re: VT vs VXUS + VTI

The formula is complicated enough to give folks headaches. An issue is the prorated percentage of US to total worldwide assets.

http://www.taxtips.ca/personaltax/usestatetax.htm
by AltaRed
25 Mar 2017 12:37
Forum: Financial News, Policy and Economics
Topic: CPP Deferral debate - Fred Vettese article discussion
Replies: 103
Views: 564

Re: Clippings 2017

We will continue to disagree for the rest of our natural lives. Most people do not live by spreadsheets.
by AltaRed
25 Mar 2017 12:27
Forum: Financial News, Policy and Economics
Topic: CPP Deferral debate - Fred Vettese article discussion
Replies: 103
Views: 564

Re: Clippings 2017

I guess I should have said dismal survivor benefits compared to our neighbors to the south...but they have their own problems with affordability. I was thinking more in terms of a couple who spend down most of their savings while deferring benefits as recommended by Vettese. If the husband was coll...
by AltaRed
25 Mar 2017 11:40
Forum: Financial News, Policy and Economics
Topic: CPP Deferral debate - Fred Vettese article discussion
Replies: 103
Views: 564

Re: Clippings 2017

Single retirees seem to survive, so why not the surviving spouse of a couple? Is it primarily because a couple has become complacent (addicted?) to expected support from the nanny state? At the very minimum, I believe all senior benefits (except earned CPP) need to change to 'family income' basis an...
by AltaRed
24 Mar 2017 20:29
Forum: Property: Owning, Renting, Managing, Investing and Mortgaging
Topic: Housing Bust 2017
Replies: 123
Views: 3905

Re: Housing Bust 2017

What I really meant is gov'ts have a conflict of interest. By doing something to curtail markets, gov'ts, especially provincial wrt land transfer taxes, don't get as much revenue in their coffers. Municipal gov'ts stand to lose less, but still lose in less fee revenue, such as development permits, e...
by AltaRed
24 Mar 2017 19:21
Forum: Financial Planning and Building Portfolios
Topic: VT vs VXUS + VTI
Replies: 24
Views: 605

Re: VT vs VXUS + VTI

My US Vanguard holdings have too much unrealized cap gains to take the hit, but I mitigated the risk the last several years by byying Canadian equivalents. The key is to stay on top of any changes in how US estate law impacts Canadians and do just enough to stay below the radar. Right now, the thres...
by AltaRed
24 Mar 2017 17:55
Forum: Financial Planning and Building Portfolios
Topic: VT vs VXUS + VTI
Replies: 24
Views: 605

Re: VT vs VXUS + VTI

I see it the same way (CAD volatility mostly) plus spreading it more equally over geographical regions should reduce volatily in itself. Doesn't make it necessarily correct.
by AltaRed
24 Mar 2017 16:11
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Reinvested (phantom) distributions
Replies: 14
Views: 627

Re: Reinvested (phantom) distributions

:lol: So much for grammar my command of the English language, eh? Did I ever also say that I absolutely detest spreadsheets? And decimal places on my calculator?
by AltaRed
24 Mar 2017 15:25
Forum: Financial News, Policy and Economics
Topic: Clippings 2017
Replies: 42
Views: 3896

Re: Clippings 2017

In the U.S., when the recent Fed increase was made, BND (Vanguard's total bond market ETF) actually increased in value. I think that some people said that it's because rates on the long end of the curve actually went down due to lower expectations about future increases in Fed rates. Go figure. Or ...
by AltaRed
24 Mar 2017 15:20
Forum: Property: Owning, Renting, Managing, Investing and Mortgaging
Topic: Housing Bust 2017
Replies: 123
Views: 3905

Re: Housing Bust 2017

You haven't heard of (or been to) at least of some of those places? I am astonished. :wink:
by AltaRed
24 Mar 2017 14:37
Forum: Property: Owning, Renting, Managing, Investing and Mortgaging
Topic: Housing Bust 2017
Replies: 123
Views: 3905

Re: Housing Bust 2017

Refugees from the lower mainland are becoming the Okanagan's largest group of home buyers/renters causing almost zero vacancy and upward pressure on mid-range home prices. There's also been a surge in IT/Tech company numbers and employees/jobs coming from the GVA The new technology office building i...
by AltaRed
24 Mar 2017 12:29
Forum: Property: Owning, Renting, Managing, Investing and Mortgaging
Topic: Housing Bust 2017
Replies: 123
Views: 3905

Re: Housing Bust 2017

He'd be a true millionaire if he decided to cash in and move to Kenora or even Barrie or Windsor. Paper millionaires are worth a dime a dozen.
by AltaRed
24 Mar 2017 12:27
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: TransCanada (Symbol-TRP)
Replies: 318
Views: 50634

Re: TransCanada (Symbol-TRP)

Very muted reaction in TRP's stock price after the Keystone announcement. TRP's stock is up around 1% today, (versus EMA and ENB up around 0.5%). Because the market has baked in the approval and/or because it will take many months or even a year or more for construction to begin.... and some small ...
by AltaRed
24 Mar 2017 10:51
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: TransCanada (Symbol-TRP)
Replies: 318
Views: 50634

Re: TransCanada (Symbol-TRP)

Lots of hurdles to cross though to actually get going. If you thought the DAP had difficulties, just wait for dirty oil to want to traverse a similar path.