Search found 13520 matches

by AltaRed
18 Feb 2018 11:43
Forum: Now Hear This!
Topic: Guess who turned 13 today?
Replies: 1
Views: 38

Re: Guess who turned 13 today?

:thumbsup: FWF continues to impress and educate me, and the advertising/commercial free format is so refreshing in an online world contaminated more and more by ads, popups and fake news.
by AltaRed
18 Feb 2018 10:31
Forum: Property: Owning, Renting, Managing, Investing and Mortgaging
Topic: Housing Market 2018
Replies: 82
Views: 3369

Re: Housing Market 2018

You haven't heard of offshore banks then, nor the Panama Papers (the book is a bit heavy to read). It has not been difficult for dirty offshore money to find its way back into the system by those with means.
by AltaRed
18 Feb 2018 10:22
Forum: Under the Mattress: Protecting Your Money
Topic: High interest rates for savings, GICs and MMFs (2018)
Replies: 93
Views: 5537

Re: High interest rates for savings, GICs and MMFs (2018)

This seems a bit of a theoretical rather than realistic scenario, but I don't think I would not worry about the excessive exposure for a limited period of time. However, the point really might be - why would a couple want to be that exposed to one "alternative lending" institution in the first place...
by AltaRed
17 Feb 2018 15:18
Forum: Property: Owning, Renting, Managing, Investing and Mortgaging
Topic: Housing Market 2018
Replies: 82
Views: 3369

Re: Housing Market 2018

Flaccidsteele wrote:
17 Feb 2018 13:31
Or just enjoy the cash that their parents received from foreign sources.
For the privileged few....yes. Therein lies part of the problem. Wealth begets wealth and retained among the few while the majority of others have no choice but to remain on the sidelines.
by AltaRed
17 Feb 2018 13:11
Forum: Property: Owning, Renting, Managing, Investing and Mortgaging
Topic: Housing Market 2018
Replies: 82
Views: 3369

Re: Housing Market 2018

You forget that in BC, the beneficial owner does not have to be disclosed with Land Titles. That allows a numbered company to be set up and funded by any number of shareholders to buy the property. No beneficial owner needs to be declared with Land Titles. The property can then be transferred throug...
by AltaRed
17 Feb 2018 12:56
Forum: Financial Planning and Building Portfolios
Topic: Portfolio Advice for Elderly Relative (Early 90s)
Replies: 26
Views: 944

Re: Portfolio Advice for Elderly Relative (Early 90s)

YTM on XSB is 2.29, and BXF is 2.18. So expected return on GICs at today's rates is higher than s/t bonds (at the expense of liquidity). I suppose if rates go up then a bond fund's yield will benefit faster than a ladder of GICs. I'd suggest they are pretty much the same over a rolling 3-4 year per...
by AltaRed
17 Feb 2018 11:49
Forum: Taxing Situations
Topic: Budget 2018
Replies: 56
Views: 1337

Re: Budget 2018

Voters get who they elect. Seems most don't care if they mortgage their children's future. So sad....
by AltaRed
17 Feb 2018 11:46
Forum: Property: Owning, Renting, Managing, Investing and Mortgaging
Topic: Housing Market 2018
Replies: 82
Views: 3369

Re: Housing Market 2018

* I empathize with those who buy a property in which it is used as a principal residence for themselves and their family. * I also care about responsible landlords who need to make a decent cap rate to provide and sustain the capital for residential housing in order to supply the rental market, prim...
by AltaRed
16 Feb 2018 23:57
Forum: Property: Owning, Renting, Managing, Investing and Mortgaging
Topic: Housing Market 2018
Replies: 82
Views: 3369

Re: Housing Market 2018

Worth a read about the Wild West of Vancouver. Some of this is old news.

http://www.macleans.ca/economy/realesta ... -disaster/
by AltaRed
16 Feb 2018 22:58
Forum: Retirement, Pensions and Peace of Mind
Topic: Annuities
Replies: 32
Views: 669

Re: Annuities

I think the real comparison should be between a commercial annuity and taking the DB pension. I think the OP's fear being generated by union hysteria and most likely self-interest misrepresentation is misplaced. There isn't a soul around who wouldn't give a kidney, testicle or whatever, for the gran...
by AltaRed
16 Feb 2018 18:18
Forum: Retirement, Pensions and Peace of Mind
Topic: Annuities
Replies: 32
Views: 669

Re: Annuities

All you're saying just reinforces my belief that I'm better off taking an annuity or the commuted value. Change is happening and I'm going to do what I can to protect my pension money as it is quite a bit of money. I am not a pension guru by any stretch, but if the pension credits you have earned t...
by AltaRed
16 Feb 2018 16:37
Forum: Taxing Situations
Topic: Tax paid Dividends
Replies: 7
Views: 203

Re: Tax paid Dividends

I have come to the same conclusion as Altared. However, I would change my mind if interest rates were to rise significantly (in excess of 5% on a five year GIC) then I would be inclined to agree with kcowan. Yes, I'd re-think my position too. I am currently hedging my bets with having MAW104 in my ...
by AltaRed
16 Feb 2018 16:23
Forum: Retirement, Pensions and Peace of Mind
Topic: Annuities
Replies: 32
Views: 669

Re: Annuities

Still the introduction of the bill shows the government is willing to change the pension law. Pensions aren't sacred. Of course they are not sacred and shouldn't be on a 'go forward' basis. My pension plan changed 3 times in my career. If I didn't like it, I could resign and go work for someone els...
by AltaRed
16 Feb 2018 13:41
Forum: Retirement, Pensions and Peace of Mind
Topic: Annuities
Replies: 32
Views: 669

Re: Annuities

I suspect you are referring to this part Most importantly, however, C-27 would permit a federally-regulated employer to convert their “Defined Benefit” promises into non-binding “Target Benefit” aspirations even on a retroactive basis. If this bill passes, workers would suddenly have to defend the p...
by AltaRed
16 Feb 2018 13:14
Forum: Taxing Situations
Topic: Budget 2018
Replies: 56
Views: 1337

Re: Budget 2018

Not to you it isn't, nor is it for the buyer of your asset. The fact the government is taxing each of you once is no different than for anything else.
by AltaRed
16 Feb 2018 13:04
Forum: Retirement, Pensions and Peace of Mind
Topic: Annuities
Replies: 32
Views: 669

Re: Annuities

I have no idea what you are referring too... Please explain.
by AltaRed
16 Feb 2018 13:01
Forum: Taxing Situations
Topic: Budget 2018
Replies: 56
Views: 1337

Re: Budget 2018

We could argue that the PR exemption unfairly favours the people who can afford houses. While this has always been the case, it has become more acute owing to the escalation in PR costs. Eventually these voters will become a major voting block. Gotta do something about those 'pigs at a trough' that...
by AltaRed
16 Feb 2018 12:59
Forum: Taxing Situations
Topic: Tax paid Dividends
Replies: 7
Views: 203

Re: Tax paid Dividends

I used to think so, but learned from FWF that was so misguided. The largest cap appreciation candidates are best in the TFSA. RRSPs are for interest bearing assets and US domiciled assets. In many cases, if there is no room in the TFSA, eligible dividend paying assets are often best in a non-reg acc...
by AltaRed
16 Feb 2018 12:51
Forum: Retirement, Pensions and Peace of Mind
Topic: Annuities
Replies: 32
Views: 669

Re: Annuities

Public sector pensions are like gold (well in most places other than the likes of Detroit). They will never 'short' the annuitant since they have a bottomless source of funds, i.e. the taxpayer. Lastly, pension fund sponsors can only change pension plan rules on a forward basis. What has been earned...
by AltaRed
16 Feb 2018 12:48
Forum: Financial Planning and Building Portfolios
Topic: Portfolio Advice for Elderly Relative (Early 90s)
Replies: 26
Views: 944

Re: Portfolio Advice for Elderly Relative (Early 90s)

and 1/3 in a short-term bond ETF Not sure if this is worth the bother most HISA are about 1.5%. Which broker currently HISA pays 1.5%? I am not aware of any myself. That said, I think I recall the OP saying something about TD, and so does TD Bank have a special* type savings account that has higher...
by AltaRed
16 Feb 2018 12:39
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: CREIT (Symbol - REF.UN)
Replies: 13
Views: 693

Re: CREIT (Symbol - REF.UN)

Have held CREIT since 2011 and in a RRSP. The offer has a maximum cash amount of $53.75, subject to pro-ration. The deal will close April 2018, and during the next month I will make my choice - which probably will be to take all cash. You may not get all cash since it is subject to pro-ration. If y...
by AltaRed
16 Feb 2018 12:36
Forum: Under the Mattress: Protecting Your Money
Topic: High interest rates for savings, GICs and MMFs (2018)
Replies: 93
Views: 5537

Re: High interest rates for savings, GICs and MMFs (2018)

BMOIL & TDDI now offering 5 year GICs @ 3.02%, compared to 2.05% a year ago. It's been a while since the brokerages' cache of these fixed income products have yielded annual payments exceeding 3%. :thumbsup: :thumbsup: Good news indeed for the next rung of FI maturing relatively soon in my RRSP.
by AltaRed
16 Feb 2018 12:00
Forum: Taxing Situations
Topic: Budget 2018
Replies: 56
Views: 1337

Re: Budget 2018

I believe in the theory that income should only be taxed once, which means that lottery wins are not taxed because the winning ticket was purchased with AT income, and similarly capital assets were purchased with AT income. Along the same lines, capital appreciation is taxed eventually, either when ...
by AltaRed
15 Feb 2018 18:36
Forum: Taxing Situations
Topic: Budget 2018
Replies: 56
Views: 1337

Re: Budget 2018

I think the government should focus on reducing spending rather than increasing taxes in their budget. Yes they should close obvious tax loopholes quickly. But otherwise let them keep their hands out of our pockets. You've got my vote. Well stated. Naturally yes. We all know Ottawa is in free spend...
by AltaRed
15 Feb 2018 15:23
Forum: Financial Planning and Building Portfolios
Topic: Portfolio Advice for Elderly Relative (Early 90s)
Replies: 26
Views: 944

Re: Portfolio Advice for Elderly Relative (Early 90s)

:thumbsup: I agree that is a good plan. The POA does not have an obligation to the beneficiaries. The obligation is to the grantor of the POA.