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by adrian2
17 Aug 2017 21:48
Forum: Under the Mattress: Protecting Your Money
Topic: Foreign ATM Withdrawals-Debit vs No FX Fee Credit cards
Replies: 51
Views: 2098

Re: Foreign ATM Withdrawals-Debit vs No FX Fee Credit cards

Any knowledge on the duration/renewal of the cash withdrawal limit on Amazon VISA cards? Presently in Europe, just ran into this, phoned to check, and was told that the limit renews on the statement date. I commented that this is different to all other cards (that I could remember) which have daily...
by adrian2
14 Aug 2017 19:31
Forum: Financial News, Policy and Economics
Topic: T plus two business days Starts Sept 5
Replies: 6
Views: 269

Re: T plus two business days Starts Sept 5

It would be nice to provide a source for such a decisive statement. Here's what I've googled: Preparing for Canada’s move to a T+2 Settlement Cycle T+2 Timing : Q3 2017, in line with the U.S. and subject to regulatory approval The Canadian Securities Administrators (CSA) have affirmed that Canada wi...
by adrian2
10 Aug 2017 07:12
Forum: Taxing Situations
Topic: Investment income in a CCPC
Replies: 730
Views: 66074

Re: Investment income in a CCPC

Is a 93% Tax Rate Fair to Canadian Small Business Owners? Some may suspect that we are exaggerating the impact of the Fair Tax Plan. To them, we would ask if a tax system that can confiscate the hard-earned income of a business owner at a tax rate of over 93% is fair? This could be the result if th...
by adrian2
07 Aug 2017 07:13
Forum: Retirement, Pensions and Peace of Mind
Topic: Credit Scores for free
Replies: 59
Views: 2921

Re: Credit Scores for free

The only thing is that i have paid for my credits but the update doesnt show that. Should I wait or contact them? Give it another month or two. Unless you're going to be applying for credit in the immediate future, you should not have to care about daily fluctuations of your credit score and how qu...
by adrian2
06 Aug 2017 08:32
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: What did you Buy? What might you buy? (2017)
Replies: 307
Views: 30419

Re: What did you Buy? What might you buy? (2017)

Thegipper wrote:
05 Aug 2017 19:34
It is a mugs game trying to predict the direction of a currency.
:thumbsup:
by adrian2
04 Aug 2017 09:56
Forum: Retirement, Pensions and Peace of Mind
Topic: Credit Scores for free
Replies: 59
Views: 2921

Re: Credit Scores for free

:( Hello guys, I recently noticed that my credit score has dropped from 700 to 614! I did more caring like writing down the due dates and paying ontime , now after one week that i paid most of my credits, it dropped to 613! I am so desparate. I don't know what should i do . Get your credit report (...
by adrian2
03 Aug 2017 11:34
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Dividend and distribution cuts (2017)
Replies: 17
Views: 1871

Re: Dividend and distribution cuts (2017)

Teva Pharma (TEVA) Lowers Quarterly Dividend 75% to $0.085; 1.1% Yield Teva Pharma (NYSE: TEVA) declared a quarterly dividend of $0.085 per share, or $0.34 annualized. This is a 75% decrease from the prior dividend of $0.34. Others have seen it coming: https://www.simplysafedividends.com/teva-divid...
by adrian2
02 Aug 2017 22:47
Forum: Financial Planning and Building Portfolios
Topic: Portfolio Allocation - Thoughts on Emerging Markets
Replies: 7
Views: 152

Re: Portfolio Allocation - Thoughts on Emerging Markets

frankrom wrote:
02 Aug 2017 22:42
It would have to go into my non registered side. Any issues there ?
No issues there.
by adrian2
02 Aug 2017 22:36
Forum: Financial Planning and Building Portfolios
Topic: Portfolio Allocation - Thoughts on Emerging Markets
Replies: 7
Views: 152

Re: Portfolio Allocation - Thoughts on Emerging Markets

frankrom wrote:
02 Aug 2017 22:27
But then I started thinking if it would be worth to add some meeting markets... such as EEM.
In case you decide to get some emerging markets, I see absolutely no reason to buy EEM (72 bps MER), when you could buy VWO (14 bps MER).

I did own EEM in the past; nowadays I own VWO.
by adrian2
29 Jul 2017 10:17
Forum: Taxing Situations
Topic: TFSA/Royal Bank/ CRA problem.
Replies: 5
Views: 348

Re: TFSA/Royal Bank/ CRA problem.

Royal Bank bought Ally bank in 2013 and does not know how to report correctly to CRA transfer of my TFSA account. I withdrawn money from Royal bank and deposited again next year in another bank according to contribution’s limit. I got a letter from CRA about over contribution. Royal bank does not h...
by adrian2
27 Jul 2017 15:10
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Alimentation Couche-Tard (Symbol-ATD.B)
Replies: 99
Views: 9279

Re: Alimentation Couche-Tard (Symbol-ATD.B)

It should read - Britain plans to ban sales of gas and diesel in 2040, unless during an election in the late 2030's this plan proves highly unpopular. In which case the plan can be scrapped. I would actively work to defeat such a monument of stupidity, and vote for any party that promises to scrap ...
by adrian2
27 Jul 2017 15:06
Forum: Financial Planning and Building Portfolios
Topic: I really could use some feedback and help...
Replies: 50
Views: 1371

Re: I really could use some feedback and help...

Lower MER makes a splitting hair difference if you are into 2 decimal points. 5 yr trailing return. SPY=15.04% NAV, VOO=15.13% When things are approximately equal, I always use Vanguard products in order to reward them for pioneering ultra low cost investing, and forcing other companies to follow s...
by adrian2
27 Jul 2017 13:30
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Convertible debenture
Replies: 10
Views: 594

Re: Convertible debenture

Hydro One's $1.4 Bln Bought Deal Sells Out Quickly Underwriters had little trouble selling Hydro One's (H.TO) $1.4-billion bought deal, which was announced last week with the utility's $4.4-billion acquisition of U.S.-based Avista Corp., the Globe & Mail reported. The entire allocation of convertib...
by adrian2
27 Jul 2017 13:21
Forum: Taxing Situations
Topic: Investment income in a CCPC
Replies: 730
Views: 66074

Re: Investment income in a CCPC

nisser wrote:
27 Jul 2017 12:10
P.S. I think you're just arguing for the sake of arguing. Your initial argument was "shareholders" but when people pointed out how stupid that is, you go on another tangent.
*plonk*
by adrian2
26 Jul 2017 21:55
Forum: Taxing Situations
Topic: Investment income in a CCPC
Replies: 730
Views: 66074

Re: Investment income in a CCPC

I'm a proponent of everyone being able to income split with their spouse up to a certain arbitrary amount/minimum living wage. It just makes sense. Let me guess: you are part of the section of population where one has a spouse, but has no (adult) children. Your example with civil servants would onl...
by adrian2
26 Jul 2017 21:05
Forum: Taxing Situations
Topic: Investment income in a CCPC
Replies: 730
Views: 66074

Re: Investment income in a CCPC

Correct me if I am wrong. Is it not true that passive CCPC income in all its forms is already taxed to a greater extent than if the same amount and types of income were declared on personal income? And is it not true that, upon withdrawal, adjustments are made in order to correct for this excessive...
by adrian2
26 Jul 2017 13:06
Forum: Taxing Situations
Topic: Investment income in a CCPC
Replies: 730
Views: 66074

Re: Investment income in a CCPC

o what? Either a person is a child or is not. Don't start with the premise that income sprinkling (love this new term :evil: ) to children is bad, and in the next breath mention a 28 year old "child". Why exactly are you fighting this losing battle? Income splitting with your spouse who's presumabl...
by adrian2
25 Jul 2017 23:36
Forum: Taxing Situations
Topic: Investment income in a CCPC
Replies: 730
Views: 66074

Re: Investment income in a CCPC

I'm all for the cutting of dividend sprinkling to children. That shit was retarded and was used solely to funnel money to children and avoid tax; anyone defending it on the basis of "shareholders" is being unreasonable. Dividends to children were already taxed at a punitive rate for some two decade...
by adrian2
25 Jul 2017 18:34
Forum: Taxing Situations
Topic: Investment income in a CCPC
Replies: 730
Views: 66074

Re: Investment income in a CCPC

I'm all for the cutting of dividend sprinkling to children. That shit was retarded and was used solely to funnel money to children and avoid tax; anyone defending it on the basis of "shareholders" is being unreasonable. Dividends to children were already taxed at a punitive rate for some two decade...
by adrian2
25 Jul 2017 14:02
Forum: Retirement, Pensions and Peace of Mind
Topic: Credit Scores for free
Replies: 59
Views: 2921

Re: Credit Scores for free

fraser wrote:
25 Jul 2017 11:02
We now get our credit scores free on CIBC mobile banking platform. Just click, wait a few moments, and your credit score will appear.
See the post just above yours! :P
by adrian2
22 Jul 2017 09:15
Forum: Financial Planning and Building Portfolios
Topic: I really could use some feedback and help...
Replies: 50
Views: 1371

Re: I really could use some feedback and help...

frankrom wrote:
21 Jul 2017 21:37
You are saying you can deposit the whole $50k up front and then just claim the $2500 a year?
Yes, you can deposit the whole $50k upfront, and no, in that case you can only claim $2500 once.

How to get the biggest bang for your buck from your RESP
by adrian2
21 Jul 2017 13:29
Forum: Taxing Situations
Topic: Investment income in a CCPC
Replies: 730
Views: 66074

Re: Investment income in a CCPC

Moneybags Morneau reprimands rich people for having brains Aaaack! What did the federal finance minister just say? Did he really just discover that rich people take advantage of complexities in the tax code to pay less? Can’t anybody here play this game? [...] Here’s what Morneau actually said: “Ma...
by adrian2
20 Jul 2017 16:18
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Hydro One IPO (H-TSX)
Replies: 23
Views: 2172

Re: Hydro One IPO (H-TSX)

Day summary:
Open: $21.40
Low: $21.32
High: $22.85
Close: $22.67 up $0.14

Congratulations to those who bought at or near the open!
by adrian2
20 Jul 2017 08:22
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Hydro One IPO (H-TSX)
Replies: 23
Views: 2172

Re: Hydro One IPO (H-TSX)

Why not buy Hydro One? it might go on sale tomorrow. I have had an order to buy TSE:H for $20/share for quite some time now and I might adjust it even lower. Wondering if this acquisition is already baked in H's price or we see a nice drop tomorrow. One can always dream of nice sales ahead! :P Pre-...