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by adrian2
23 Sep 2017 15:19
Forum: Financial Planning and Building Portfolios
Topic: The After-Tax Spending Plan
Replies: 8
Views: 361

Re: The After-Tax Spending Plan

steves wrote:
23 Sep 2017 15:14
It can get complimacated.
Complimacated, indeed! :)
by adrian2
23 Sep 2017 15:17
Forum: Financial Planning and Building Portfolios
Topic: The After-Tax Spending Plan
Replies: 8
Views: 361

Re: The After-Tax Spending Plan

I've built an after-tax spending plan. [,,,] I initially developed it for myself, so it's currently using QC tax parameters and QPP. It could be improved to be usable during retirement, too. 1) Would there be some interest for such improvements and getting this spreadsheet to support other province...
by adrian2
23 Sep 2017 15:12
Forum: Financial Planning and Building Portfolios
Topic: The After-Tax Spending Plan
Replies: 8
Views: 361

Re: The After-Tax Spending Plan

Of course, they would use their CPP monthly estimate at age 65 (assuming no future contribution) as the " current amount (monthly)" QPP entry. (Does the CRA provide this information? If not, one could just put $0.) Unfortunately, the CPP website estimate is (sometimes) very misleading. It's not cle...
by adrian2
22 Sep 2017 17:34
Forum: Under the Mattress: Protecting Your Money
Topic: Quicken 2017 [Caution about upgrading]
Replies: 110
Views: 10856

Re: Quicken 2017 [Caution about upgrading]

The question is how a new user might secure original copies of earlier versions of Quicken. eBay would probably work. IIRC, one has to register the product before it will even let you into it. Might even need a product key but I don't recall. Best one knows for sure first. My 2012 version does not ...
by adrian2
22 Sep 2017 10:26
Forum: Under the Mattress: Protecting Your Money
Topic: Quicken 2017 [Caution about upgrading]
Replies: 110
Views: 10856

Re: Quicken 2017 [Caution about upgrading]

Thanks Peculiar_Investor for your comments. I am wondering if I plan on inputting everything manually... would I be just as well off buying an older used US version of Quicken and using that. Will the US version work fine for Canadian investments and tax purposes? No, the US version is based on US ...
by adrian2
15 Sep 2017 22:27
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: TDDI Charges Fee for Foreign Dividend
Replies: 5
Views: 410

Re: TDDI Charges Fee for Foreign Dividend

aloe wrote:
15 Sep 2017 19:33
Anyone else notices that TDDI has a fee attached to some foreign dividend received? Specifically, my BT(British Telecom) has a fee per US$0.02 per share and GSK has a fee of US$0.005 per share.
What's the description of the "fee"?
Have you asked them to explain it?
by adrian2
15 Sep 2017 18:53
Forum: Financial Planning and Building Portfolios
Topic: Maximum single position size
Replies: 58
Views: 2301

Re: Maximum single position size

My biggest position, at around 15% of the portfolio, is Mawer New Canada, a 10-bagger for me, closed to new investments for the past 15 years or so.
by adrian2
15 Sep 2017 18:50
Forum: Financial Planning and Building Portfolios
Topic: Harvesting of capital gains
Replies: 9
Views: 418

Re: Harvesting of capital gains

dave2008, Moving funds by means of a sale from "fund X" to a "fund similar to X" if done on the same day (simply stated for the purpose of illustration) accomplishes only one thing! The erosion of your wealth (as well as the income generating power of your portfolio). I mean the erosion occasioned ...
by adrian2
14 Sep 2017 16:03
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: FTN Split Shares
Replies: 7
Views: 229

Re: FTN Split Shares

Arby wrote:
14 Sep 2017 15:48
PhilD...you have summarized the situation pretty well. I recall James Hymas said in one of his articles that the Capital shares are for suckers.
IIRC he later clarified that buying the capital shares through the IPO is for suckers.
by adrian2
14 Sep 2017 12:00
Forum: Financial Planning and Building Portfolios
Topic: RESP question
Replies: 18
Views: 662

Re: RESP question

On the one hand, you've got a "tax free" place to invest that $22,500 right now. On the other hand, you've got a guaranteed "bonus" of $1,700 if you wait and, in the meantime, you can invest that $22,500 in a taxable account right now. Just to put in perspective the "tax free" place to invest that ...
by adrian2
14 Sep 2017 05:42
Forum: Financial Planning and Building Portfolios
Topic: RESP question
Replies: 18
Views: 662

Re: RESP question

The way I read the rules - Each child is allowed $50000 deposited into their RESP over the 18 years that contributions are allowed. 18*2500=45000$. Leaving $5000 / child of 'extra' contribution room. Which really isn't that much, I guess. You are forgetting that the lifetime grant limit for the CES...
by adrian2
10 Sep 2017 10:35
Forum: Under the Mattress: Protecting Your Money
Topic: High interest rates for savings, GICs and MMFs (2017)
Replies: 373
Views: 22477

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

Koogie wrote:
10 Sep 2017 09:25
I guess TD decided to try not to compete with RBC.. :roll:

TDB8150, et al... up from 0.80% to 0.85%
It was already 0.85% (from 0.75%) after the first BOC increase.
It's still TBA what the new rate will be after last week's prime increase.
by adrian2
09 Sep 2017 14:03
Forum: Taxing Situations
Topic: Investment income in a CCPC
Replies: 809
Views: 69233

Re: Investment income in a CCPC

I support shutting the door on unjustified income sprinkling to level the playing field. Pay fair wages to family members for actual work performed, but no more than that. The current situation is unfair tax leakage.I dont think any of us want to unduly squeeze small business or professionals but t...
by adrian2
08 Sep 2017 11:15
Forum: Under the Mattress: Protecting Your Money
Topic: HELOC rates
Replies: 18
Views: 546

Re: HELOC rates

My CIBC HELOC is at CIBC Prime @ 3.2% + 0.5% = 3.7%
by adrian2
08 Sep 2017 11:06
Forum: Financial News, Policy and Economics
Topic: T plus two business days Starts Sept 5 2017
Replies: 17
Views: 777

Re: T plus two business days Starts Sept 5 2017

Unless I misunderstood, the US is moving to same-day ACH on September 15, 2017. The changes in finiki's Settlement article cite a reference from 2016. T+2 is about security transaction settlement times. Canada and the US both moved to T+2 on September 5, 2017. See SEC.gov | SEC Adopts T+2 Settlemen...
by adrian2
07 Sep 2017 18:50
Forum: Taxing Situations
Topic: Superficial Loss - Clarification
Replies: 12
Views: 307

Re: Superficial Loss - Clarification

There is no superficial loss if you sell a security at a loss, while simultaneously holding the same security in a different type of account, provided that the latter was purchased more than 30 days before the sale. If I sell half of a holding at a loss I can claim a capital loss that year? That wo...
by adrian2
06 Sep 2017 17:03
Forum: Financial News, Policy and Economics
Topic: T plus two business days Starts Sept 5 2017
Replies: 17
Views: 777

Re: T plus two business days Starts Sept 5 2017

I've updated the finiki article to reflect this has been effected.
by adrian2
06 Sep 2017 17:00
Forum: Taxing Situations
Topic: Superficial Loss - Clarification
Replies: 12
Views: 307

Re: Superficial Loss - Clarification

If you're using tax software, the actual file being transmitted to CRA contains only the totals, so they apparently don't care about that level of detail (breaking down of the capital gain/loss for each security). Does the file, among the totals it contains, contain the total for proceeds of all di...
by adrian2
06 Sep 2017 16:56
Forum: Taxing Situations
Topic: Superficial Loss - Clarification
Replies: 12
Views: 307

Re: Superficial Loss - Clarification

Please note that, for cost base purposes, all non registered accounts having the same owner should be commingled. E.g. if you hold MFC shares in a non-registered account at TD Waterhouse, as well as in a non-registered account at BMO Investor Line, the cost base should be amalgamated across the acc...
by adrian2
06 Sep 2017 13:10
Forum: Taxing Situations
Topic: Superficial Loss - Clarification
Replies: 12
Views: 307

Re: Superficial Loss - Clarification

Third question: Is superficial loss triggered only by a purchase of the same item? I used to think it also meant it could also be triggered by just holding the same item in another account, but I think now I may have misunderstood that. There is no superficial loss if you sell a security at a loss,...
by adrian2
06 Sep 2017 13:06
Forum: Taxing Situations
Topic: Superficial Loss - Clarification
Replies: 12
Views: 307

Re: Superficial Loss - Clarification

IdOp wrote:
06 Sep 2017 12:23
I would definitely report the sale.
If you're using tax software, the actual file being transmitted to CRA contains only the totals, so they apparently don't care about that level of detail (breaking down of the capital gain/loss for each security).
by adrian2
05 Sep 2017 13:58
Forum: Financial News, Policy and Economics
Topic: NAFTA renegotiation
Replies: 19
Views: 471

Re: NAFTA renegotiation

ghariton wrote:
05 Sep 2017 13:48
Koogie wrote:
05 Sep 2017 09:21
I certainly hope the Americans counter and demand that we adopt right to work legislation.
Agree.

George
+1!
by adrian2
05 Sep 2017 13:56
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Precious Metal mining investments
Replies: 5
Views: 208

Re: Precious Metal mining investments

Vanmax wrote:
05 Sep 2017 12:36
Nobody here a gold believer?
Everything in moderation, including moderation!

I own some ABX (stock and options), plus some GDX calls.
by adrian2
04 Sep 2017 10:49
Forum: Retirement, Pensions and Peace of Mind
Topic: Income taxes pushing me towards retirement
Replies: 56
Views: 1774

Re: Income taxes pushing me towards retirement

I have no trouble with taxing lottery winnings and don't understand why we don't. Aren't they the very definition of unearned income ? IIRC, the argument against taxing lottery winnings is that the tickets are purchased with after tax dollars. Course that argument falls apart when the government ta...
by adrian2
02 Sep 2017 10:26
Forum: Financial Planning and Building Portfolios
Topic: Norbert's gambit - Can$ to US$ or vice versa
Replies: 1212
Views: 166421

Re: Norbert's gambit - Can$ to US$ or vice versa

Just did a couple of gambits CAD -> USD, low 6 figures each, using RY, for a friend who has purchased Florida real estate. Still have one batch to go, as he's hoping for an even better forex. All-in cost = 7 bps, as measured by the actual forex realized vs. Bloomberg real-time rate. The stock moved ...