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by adrian2
11 Dec 2017 17:56
Forum: Under the Mattress: Protecting Your Money
Topic: Quicken 2016 upgrade - feedback and comments
Replies: 75
Views: 4187

Re: Quicken 2016 upgrade - feedback and comments

bill2009 wrote:
11 Dec 2017 16:48
Is the US version of Quicken different than the Canadian version? I always assumed it was but maybe not.
A critical difference, IMO, is the proper calculation of capital gains and losses.
by adrian2
10 Dec 2017 21:19
Forum: Property: Owning, Renting, Managing, Investing and Mortgaging
Topic: Housing Bust 2017
Replies: 202
Views: 10716

Re: Housing Bust 2017

AltaRed wrote:
10 Dec 2017 20:55
IMO, housing use should be limited to shelter, not speculative investment. We would all be better off as a society.
And who, pray tell, would provide rental units? The benevolent state, who knows best?
by adrian2
05 Dec 2017 06:43
Forum: Financial Planning and Building Portfolios
Topic: Do bonds in RRSP/TFSA still make sense?
Replies: 36
Views: 1783

Re: Do bonds in RRSP/TFSA still make sense?

snowback96 wrote:
05 Dec 2017 02:19
It seems to me that the performance boost from "riding the yield curve" must be in both the benchmark and the ETF itself.
No, the benchmark does not include the boost from it.
by adrian2
05 Dec 2017 06:41
Forum: Financial Planning and Building Portfolios
Topic: Do bonds in RRSP/TFSA still make sense?
Replies: 36
Views: 1783

Re: Do bonds in RRSP/TFSA still make sense?

It made an 8.5 bp difference in my calculation...I think the cheapest bond ETFs are still higher than that in MER. Maybe in a more extreme example where there is a steeper bit of the curve being taken advantage of, it would work out better though. I have some doubts to the accuracy of your calculat...
by adrian2
04 Dec 2017 19:12
Forum: Financial Planning and Building Portfolios
Topic: Do bonds in RRSP/TFSA still make sense?
Replies: 36
Views: 1783

Re: Do bonds in RRSP/TFSA still make sense?

Back of the envelope, it counterbalances the MER and then some... Got it. Yeah the spread between 10y and 2y govis now is about 38bp. I just did the math and if you bought a 10y, sold it after 8 years at the current 2y rate (assuming 1.9% 10y and 1.52% 2y rates, as per Dec 1st yields on the BoC pag...
by adrian2
04 Dec 2017 14:55
Forum: Financial Planning and Building Portfolios
Topic: Do bonds in RRSP/TFSA still make sense?
Replies: 36
Views: 1783

Re: Do bonds in RRSP/TFSA still make sense?

On average, VAB should return more than the YTM - MER, due to the "ride-the-yield-curve" effect. This 'ride-the-yield-curve' effect is really cool, never heard of it before. Is this how it works?--Let's say 30yr bond yields 2.23% and 1 yr bond yields 1.36%. The yield curve is the curve between 1.36...
by adrian2
04 Dec 2017 14:50
Forum: Financial Planning and Building Portfolios
Topic: Do bonds in RRSP/TFSA still make sense?
Replies: 36
Views: 1783

Re: Do bonds in RRSP/TFSA still make sense?

On average, VAB should return more than the YTM - MER, due to the "ride-the-yield-curve" effect. Assuming rates rise in the future, right? Or are you talking about something else? No, it's assuming a normal yield curve, in which longer bonds yield more than shorter ones. No changes in the yield cur...
by adrian2
03 Dec 2017 15:44
Forum: Taxing Situations
Topic: RRSP Overcontribution
Replies: 7
Views: 207

Re: RRSP Overcontribution

bill wrote:
03 Dec 2017 15:30
adrian2 wrote:
03 Dec 2017 15:03
bill wrote:
03 Dec 2017 12:10
Many thanks, that sounds like this isn't too big of a hassle.
T1-OVP will be a bitch to fill out...
Thanks. It's separate from tax return, yes? Tax SW won't fill this out for me I assume.
You're welcome. Yes and yes (I've linked it upthread).
by adrian2
03 Dec 2017 15:03
Forum: Taxing Situations
Topic: RRSP Overcontribution
Replies: 7
Views: 207

Re: RRSP Overcontribution

bill wrote:
03 Dec 2017 12:10
Many thanks, that sounds like this isn't too big of a hassle.
T1-OVP will be a bitch to fill out...
by adrian2
03 Dec 2017 11:57
Forum: Financial Planning and Building Portfolios
Topic: Do bonds in RRSP/TFSA still make sense?
Replies: 36
Views: 1783

Re: Do bonds in RRSP/TFSA still make sense?

Anyone consider GICs a bond substitute in RRSP/TFSA? Vanguard VAB yield to maturity is 2.3%, less 0.1 for MER and you pocket 2.2% You can get five year GIC today for 2.76% (BMO Investorline quote, boutique firms may offer higher). That's a bonus return of 25%. Better credit quality to boot because ...
by adrian2
03 Dec 2017 11:54
Forum: Taxing Situations
Topic: RRSP Overcontribution
Replies: 7
Views: 207

Re: RRSP Overcontribution

What I can't figure out is what happens in 2018. If I leave the $ in the account, does it just reduce my contribution room for 2018? I'm assuming I can't deduct the extra $5k in 2017, then would it reduce my contribution room in 2018 as well? December 2017 will be the last month in which you'll acc...
by adrian2
03 Dec 2017 11:43
Forum: Under the Mattress: Protecting Your Money
Topic: Where to park USD cash?
Replies: 21
Views: 473

Re: Where to park USD cash?

Koogie wrote:
02 Dec 2017 21:33
I read the prospectus and it says CIB483 (and the other CM MM funds) isn't subject to a minimum holding period. Also true ?
Correct.
by adrian2
02 Dec 2017 13:14
Forum: Taxing Situations
Topic: RRSP Overcontribution
Replies: 7
Views: 207

Re: RRSP Overcontribution

You don't need to write and explain, you just need to pay the penalty (1% of the overcontribution in excess of $2k, per month). The form you need to fill is kind of complicated, so make sure you follow the instructions. As for removing the excess, it's already December; next month you'll get new RRS...
by adrian2
28 Nov 2017 12:15
Forum: Under the Mattress: Protecting Your Money
Topic: High interest rates for savings, GICs and MMFs (2017)
Replies: 445
Views: 28714

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

Re: Simplii Attempted to link TangerineHISA-Simplii. Not possible unless the external account is a chequing account (according to customer rep: a "void" cheque is always necessary to confirm the link, another peculiarity with Simplii-not-so-simple :roll: ). Odd since I have non-chequing external ac...
by adrian2
28 Nov 2017 12:11
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: XIC vs VCN...time to change?
Replies: 20
Views: 4760

Re: XIC vs VCN...time to change?

Eligible dividends in Ontario increased from 33.82% to 39.34% from 2015 to 2016 at the top rate as one example and similar increases at lower incomes. This is a combined increase of both the federal and provincial parts. At the same time the top income tax rate went from 49.53 to 53.53. You are cor...
by adrian2
28 Nov 2017 06:03
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: XIC vs VCN...time to change?
Replies: 20
Views: 4760

Re: XIC vs VCN...time to change?

Eligible dividends in Ontario increased from 33.82% to 39.34% from 2015 to 2016 at the top rate as one example and similar increases at lower incomes. This is a combined increase of both the federal and provincial parts. At the same time the top income tax rate went from 49.53 to 53.53. You are cor...
by adrian2
26 Nov 2017 13:01
Forum: Property: Owning, Renting, Managing, Investing and Mortgaging
Topic: Prepayment questions
Replies: 16
Views: 504

Re: Prepayment questions

1. a payment is composed of interest and principal and early in your amortization period you are paying mostly interest in your payments 2. Increasing your monthly/biweekly payment amount or frequency means still paying interest 3. Lump sum payments however are directly off the principal; i.e. no i...
by adrian2
21 Nov 2017 14:38
Forum: Under the Mattress: Protecting Your Money
Topic: Would you pay an annual fee to join a loyalty program?
Replies: 9
Views: 442

Re: Would you pay an annual fee to join a loyalty program?

optionable68 wrote:
20 Nov 2017 20:59
Koogie wrote:
20 Nov 2017 18:24
Perhaps Loblaws is banking on a certain level of consumer ignorance..
Based on my last trip to Loblaws, the typical Loblaws customer may not be overly price aware.
Then I'm not their typical customer, while shopping there multiple times a week.
by adrian2
05 Nov 2017 07:28
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Small Stock Investing.
Replies: 10
Views: 492

Re: Small Stock Investing.

Thegipper wrote:
04 Nov 2017 21:38
Touche Carde
:rofl: (sorry, could not resist!)
by adrian2
05 Nov 2017 07:23
Forum: Under the Mattress: Protecting Your Money
Topic: Equifax credit score dropped for no apparent reason
Replies: 19
Views: 523

Re: Equifax credit score dropped for no apparent reason

RBC has a neat feature. If you have an account - any type it seems - you have access to your TransUnion Credit score. The link is right at the main page showing your account(s). This also gives you a few on-line reports, list of cards in use, limits and $$ owing etc. Almost worth keeping a small ac...
by adrian2
05 Nov 2017 07:18
Forum: Retirement, Pensions and Peace of Mind
Topic: CPP maximums for 2018
Replies: 3
Views: 397

Re: CPP maximums for 2018

Dogger1953 wrote:
04 Nov 2017 20:16
Apparently the above link didn't work. Try this one.
https://www.canada.ca/en/revenue-agency ... -ympe.html
Thanks, Doug!

As the corresponding numbers get published, please update the CPP benefit rate table.
by adrian2
03 Nov 2017 10:40
Forum: Under the Mattress: Protecting Your Money
Topic: Equifax credit score dropped for no apparent reason
Replies: 19
Views: 523

Re: Equifax credit score dropped for no apparent reason

Canada Post uses Equifax to verify your identity when forwarding your mail. I have tried to use it for 3 years and always been rejected. It seems that I do not know enough about how Equifax works. Go to the Equifax website and ask for a free copy of their report. They'll make you mail/fax some ID f...
by adrian2
02 Nov 2017 23:27
Forum: Taxing Situations
Topic: US resident inheriting property from Canadian mother
Replies: 21
Views: 809

Re: US resident inheriting property from Canadian mother

twa2w wrote:
02 Nov 2017 22:36
Uh, you are replying to a thread that is over a year old. Not sure if the OP is active on the board anymore.
memberlist.php?mode=viewprofile&u=11394

Joined: 26 Sep 2016, 22:04

Last active: 19 Oct 2016, 12:43
by adrian2
02 Nov 2017 20:58
Forum: Taxing Situations
Topic: Would it be wise to take capital gains in this situation?
Replies: 12
Views: 388

Re: Would it be wise to take capital gains in this situation?

Well, as a long time hedger of investments I would suggest you generate some 'tax free' capital gains this year to burn off half the capital losses you are presently holding. Hang on to the remainder of your losses to mitigate any surprise capital gains in the future which may move you to a higher ...
by adrian2
02 Nov 2017 18:50
Forum: Taxing Situations
Topic: Would it be wise to take capital gains in this situation?
Replies: 12
Views: 388

Re: Would it be wise to take capital gains in this situation?

Rolling forward capital losses only helps if you move into a higher tax bracket. You have 2 offsetting factors: 1. The role of inflation and 2. The possibility of a reduced CG exemption. If it were me, I would take them now. A bird in the hand! Take them now if you have capital gains to neutralize....