Search found 219 matches

by hboy43
11 Jan 2024 10:33
Forum: Retirement, Pensions and Peace of Mind
Topic: Early retirement & decumulation of RRSP
Replies: 6
Views: 1086

Re: Early retirement & decumulation of RRSP

I retired at 40 and many years I took RRSP or capital gains to hit the lowest MTR and pay a few thousand in income tax. I probably should have taken more as last year I hit the highest MTR here in Ontario just on dividends and capital gains and ~$400 monthly CPP.
by hboy43
08 Jan 2024 12:34
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: TFSA 2024
Replies: 68
Views: 5327

Re: TFSA 2024

I didn't record well the contributions and withdrawals for TFSA in 2023. I checked CRA website, it only showed contributions and withdrawals until the end of 2022. To be conservative, I assume $7,000 contribution room for 2024, for now. Lesson learnt to make a good record keeping myself. Worst case, you should be able to figure that out by going through your TFSA monthly account statements for last year. The December statement is likely the only one not yet available. Look for your withdrawls and/or transfers under activity for each month (not transfers to another TFSA). I know TDDI also has an activity tab on the account - it would capture Dec but doesn't go back the full year. TDDI reports every TFSA statement the YTD deposits into and w...
by hboy43
29 Mar 2023 12:40
Forum: Financial News, Policy and Economics
Topic: Federal Budget 2023
Replies: 63
Views: 6089

Re: Federal Budget 2023

SQRT wrote: 29 Mar 2023 02:20 I think changes in the AMT make more sense that increasing the top tax rate. I’m still trying to figure out how to model the new AMT proposals. Anybody figure this out?
Yup, hopefully Studiotax 2024 initial release last week of 2024 :) . I think personally the exemption level increase will win the race against all the other tax raising tweaks, but who knows. All I know for sure is that T691 at its current ~ 8 "pages" or "screens" is going to substantially increase in size.
by hboy43
10 Feb 2023 10:28
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: What and why did you sell? What might you sell? (2023)
Replies: 104
Views: 15392

Re: What and why did you sell? What might you sell? (2023)

BRIAN5000 wrote: 08 Feb 2023 14:25 Got to jump off this run away train somewhere

Throw Moma from the train.png
Looks like if I had stayed in BBD.B for ~3 more years after my 2 decades or so of "experience" I would have come out in the green. No matter, I went heavily into oil and gas about the same time I threw in the towel with BBD.B What matters is winning the war, not every individual battle. Pretty sure BBD.B is my lifetime most losing holding LOL.
by hboy43
24 Jan 2023 10:24
Forum: Financial News, Policy and Economics
Topic: Clippings 2023
Replies: 343
Views: 32755

Re: Clippings 2023

I've never thought emergency funds made any sense from an expected value point if view.

Consider a 10% probability of an emergency large enough that it could not be accommodated by borrowing and a half year of austerity and future savings, and also a 10% probability that you would get hammered by selling stocks low. So weigh a 1% chance of a bad outcome due to an emergency versus 40 years of compounding at 10% in stocks instead of 5% in cash. You can challenge my assumed numbers above, but any reasonable set of assumptions will almost certainly leave you hundreds of thousands of dollars ahead after 4 decades.
by hboy43
21 Dec 2022 11:32
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Here are my 202x stock picks
Replies: 574
Views: 126892

Re: Here are my 202x stock picks

Fresco wrote: 21 Dec 2022 11:12 I just looked it up, the govt is expected to raise the TFSA limit to $88,000 in 2023.
So I'll have even more wiggle room in 2023
Your recent comments suggest that you don't understand how the TFSA limits work. Maybe I am wrong. The TFSA limit is the maximum you can contribute. It can grow to any number larger if invested well.
by hboy43
21 Dec 2022 11:27
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Here are my 202x stock picks
Replies: 574
Views: 126892

Re: Here are my 202x stock picks

Fresco wrote: 21 Dec 2022 09:57 End of the year update for my TFSA.
I'm up around 13%, which isnt bad considering we're in a recession recovery.

Image
My TFSA is up 35% on zero transactions in 2022 YTD. How sure are you that trading will do better long term than sitting on your hands doing nothing most of the time?
by hboy43
15 Nov 2022 10:05
Forum: Financial Planning and Building Portfolios
Topic: Bloggers or Vloggers Acting as Financial Advisors
Replies: 11
Views: 1095

Re: Bloggers or Vloggers Acting as Financial Advisors

It is worth a lot for some people to avoid dealing with an old, wealthy, white, hetro male. Not necessarily for the FA but as an exercise in politics. Looks like an exercise in same sheep, different shepherds.
by hboy43
10 Nov 2022 09:10
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Dividend and distribution hikes (2022)
Replies: 261
Views: 72509

Re: Dividend and distribution hikes (2022)

Peyto Exploration and Development PEY increases monthly dividend 120% from $0.05 to $0.11. See November 9 news release.


https://www.peyto.com/News.aspx
by hboy43
14 May 2022 09:23
Forum: Taxing Situations
Topic: Proposed Taxes - 2021 Federal Election Promises
Replies: 86
Views: 7198

Re: Proposed Taxes - 2021 Federal Election Promises

Bylo Selhi wrote: 13 May 2022 22:30 Trudeau requested briefing on one-time wealth tax weeks ahead of 2021 election campaign, documents show
The PBO report said a one-time tax of 3 per cent on net wealth over $10-million, and 5 per cent on net wealth over $20-million, would bring in net revenue of $44-billion over five years. Using different assumptions, the PBO estimated the five-year revenue could be as high as $60.7-billion...
Well the income tax is temporary to finance the first world war so it is totally credible that a wealth tax would also be temporary.
by hboy43
11 Feb 2022 11:51
Forum: Taxing Situations
Topic: Sales of personal items and the CRA…
Replies: 15
Views: 2712

Re: Sales of personal items and the CRA…

SQRT wrote: 11 Feb 2022 11:12 I would expect that reporting cap gains to CRA for personal use property, although required in many cases, is very rare. Many people are unaware of the rules and many more have no intention of paying tax on these transactions. I also expect that the chance of getting “caught” by CRA is very small, probably insignificant.
I second this given how long it takes the government to collect HST on pleasure craft transactions, where these are transactions that are registered with other arms of the same governments. They are actually in possession of the transaction details and it takes them years to get around to asking for the money.
by hboy43
07 Feb 2022 07:25
Forum: Retirement, Pensions and Peace of Mind
Topic: Estate question: Is it ok to leave deceased spouse's name on title of property?
Replies: 11
Views: 3791

Re: Estate question: Is it ok to leave deceased spouse's name on title of property?

I have a friend whose father passed and left the kids a house. Problem was, title was still in the deceased grandfather's name. Took about a year to sort out the title legalities, which happened to work in their favor as price just increased 30% during the delay. You may not be as lucky when a similar situation lands in your lap. I'd maybe get it sorted out now.
by hboy43
31 Jan 2022 12:51
Forum: Taxing Situations
Topic: Parking Cash in a Margin Account - Any RevCan considerations?
Replies: 28
Views: 3271

Re: Parking Cash in a Margin Account - Any RevCan considerations?

I'd say your interpretation is correct. The moment you put cash into the margin account, you have paid back a deductible loan. A later withdrawal that does not buy an investment will not be a deductible loan. Inconvenient and inefficient, but no way around it.
by hboy43
30 Dec 2021 11:08
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Frothy Equity Markets
Replies: 1395
Views: 155882

Re: Frothy Equity Markets

Has been a good two years here too. The problem is that while all us oldsters are making out like bandits, the youth are getting screwed. If they have any sense, as the voting block turns over in the next decade or so, they will vote in policies that turn my estimated 30% taxation on my windfall into something like 50%.
by hboy43
30 Dec 2021 10:52
Forum: Retirement, Pensions and Peace of Mind
Topic: RRSP, RRIF, early withdrawal
Replies: 17
Views: 2685

Re: RRSP, RRIF, early withdrawal

I pull money out of my RRSP in years where it has low tax cost. Yes there is a fee, but only $30 IIRC, certainly nowhere near enough to justify my and a bank employee's time in putzing with setting up a RRIF. At 65 when the pension credit appears, it might change the calculations.
by hboy43
30 Nov 2021 20:32
Forum: Taxing Situations
Topic: Alternative Minimum Tax (AMT) Strategies
Replies: 77
Views: 5967

Re: Alternative Minimum Tax (AMT) Strategies

SQRT wrote: 30 Nov 2021 18:37
Surprised AMT was that large for you. Keep in mind you can also address AMT in future years. In fact if the circumstances that caused AMT in the first place, ameliorate or disappear, you will automatically get previous AMT back. I think there is a time limit though. Agree it’s good to be proactive though.
I pay AMT most years. One has 7 years to recover an AMT amount.
by hboy43
26 Nov 2021 10:01
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Here are my 202x stock picks
Replies: 574
Views: 126892

Re: Here are my 202x stock picks

Fresco wrote: 25 Nov 2021 15:38
hboy43 wrote: 25 Nov 2021 10:12 You realize that no real money was made by anyone in the Yukon gold rush, other than those selling transportation, tents, picks and shovels et al?
Are you gonna sit here and tell me nobody made any money off bitcoins the last 10 years??
No I am telling you that by choosing an inappropriate analogy, you might have inadvertently foreshadowed the eventual net result. There are absolutely lesser fools who have made money.
by hboy43
25 Nov 2021 10:12
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Here are my 202x stock picks
Replies: 574
Views: 126892

Re: Here are my 202x stock picks

Fresco wrote: 24 Nov 2021 10:33
And right now you'd have to be a fool NOT to invest in the right Crypto. Its the modern day gold rush.
I may or may not be a fool, but I am 100% for sure not going to be a "greater fool".

You realize that no real money was made by anyone in the Yukon gold rush, other than those selling transportation, tents, picks and shovels et al?
by hboy43
11 Nov 2021 22:35
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Dividend and distribution hikes (2021)
Replies: 241
Views: 82389

Re: Dividend and distribution hikes (2021)

http://www.peyto.com/Files/News/2021/Q3 ... elease.pdf

The Board of Directors of Peyto is pleased to increase the dividend to $0.05/share on a monthly basis to shareholders of record as of November 30, , paid on December 15, 2021.

On annual basis $0.04 -> $0.60
by hboy43
08 Nov 2021 10:17
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Here are my 202x stock picks
Replies: 574
Views: 126892

Re: Here are my 2020 stock picks

Fresco wrote: 08 Nov 2021 09:33 Sold all my ENB for $1,100 profit
Why though? I just purchased twice, sat on my ass, and reaped high 5 figures 30-40% total return in ENB in under ~2 years.

I won't tell you what my ass sitting has done in oil and gas.

Are you familiar with how stocks are like soap? The more you handle them the smaller they become.
by hboy43
12 Jan 2021 11:26
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Where are the bargains?
Replies: 50
Views: 4206

Re: Where are the bargains?

deaddog wrote: 10 Jan 2021 20:50
Mudcrab wrote: 10 Jan 2021 19:19 , but its already up about 15% so I would hesitate to buy more.
Why would you hold something you would not buy?
For me it is the idea of hysteresis. There is a buy number where to a great probability I am buying low, a sell number with a great probability I am selling high, and a wide gulf in between where I can't make a determination that the price justifies either buying or selling. I don't actually sit down and put real numbers to this, but it is a useful idea I think.
by hboy43
11 Dec 2020 11:27
Forum: Property: Owning, Renting, Managing, Investing and Mortgaging
Topic: FOMO by not owning real estate? [Fear Of Missing Out]
Replies: 47
Views: 6712

Re: FOMO by not owning real estate? [Fear Of Missing Out]

I am at 5%, but the land here is about $1000/acre plus whatever it costs to sink a well. Plus all the POs were highly incompetent so all my buildings are one big cluster f. After sweat equity I am a loser in real estate after 35 years.
by hboy43
07 Dec 2020 12:18
Forum: Financial Planning and Building Portfolios
Topic: Warily considering growth investing
Replies: 65
Views: 3123

Re: Warily considering growth investing

brucecohen wrote: 05 Dec 2020 18:13
There's no capital gains tax if you donate shares with accrued gains, but check with the charity because not all want to deal with shares.


I believe that outfit called "Canada Shares" or some such is a wrapper around this problem. They scalp 2% or so but will forward on funds donated via securities donations to any other registered charity in the country. I have just casually run into this outfit and never deeply investigated, but the above is my impression of how it works.
by hboy43
07 Dec 2020 12:11
Forum: Financial Planning and Building Portfolios
Topic: Warily considering growth investing
Replies: 65
Views: 3123

Re: Warily considering growth investing

AR brings up a good point about using donations of shares to do good while saving on taxes. It's a pretty sweet deal really that you get the tax receipt for the market value, but the sale is booked at ACB for tax filing. I've done it myself a couple of times and will likely do more of this going forward as we have several local organizations that do good work and I can see my donations in action throughout my broader community from food banks to women's shelters to a halfway house for those trying to reintegrate into the community. Nothing more rewarding IMO than charity right here at home! :thumbsup: I have made two donations of securities. IIRC the cash cost of one of my gifts was 43% of the value of the gift and I am not at the top tax ...
by hboy43
29 Jul 2020 12:21
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: What did you Buy? What might you buy? (2020)
Replies: 1015
Views: 80772

Re: What did you Buy? What might you buy? (2020)

par4 wrote: 27 Jul 2020 00:01 Should I sell my 2 oz. of silver? I just broke even!!! :D :D :D
I have 8 or 10 silver quarters ... somewhere. I bought them at a house auction around the last time silver was mid $20s. Up about $10 then, up $10 now LOL. If I find them, I should give them to my grandson.