Search found 8757 matches

by adrian2
18 Jan 2018 13:02
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Tangerine mutual funds 1% bribe
Replies: 0
Views: 77

Tangerine mutual funds 1% bribe

From a targeted offer, which may be present in the banner once you login to your Tangerine account: Open and invest in a Tangerine Investment Fund Account by March 31, 2018, and you’ll receive a Bonus of up to $250 **. Invest at least $1,000 into a Tangerine Non-Registered Investment Fund Account, R...
by adrian2
17 Jan 2018 18:26
Forum: Financial Planning and Building Portfolios
Topic: How Did You Do in 2017?
Replies: 101
Views: 3579

Re: How Did You Do in 2017?

It seems to me that the DIY brokers have pretty good performance tools now. I think TDDI does for sure. I’m considering dropping all my performance IRR spreadsheets and just using their performance metrics. They do, except that performance can only be aggregated for all accounts under the same 6 di...
by adrian2
17 Jan 2018 17:56
Forum: Taxing Situations
Topic: How often to adjust ACB on USD holdings
Replies: 26
Views: 487

Re: How often to adjust ACB on USD holdings

When you report for clients, do you consider the FX losses as superficial loss when the large balance of US$ cash is earning interest income every month (ie. purchase of US$)? the short answer is no. If for example start with USD 50,000 , earn 1,000 of USD interest/dividends, dispose of USD 25,000 ...
by adrian2
16 Jan 2018 11:57
Forum: Under the Mattress: Protecting Your Money
Topic: Important change to the Amazon.ca Rewards Visa Card program
Replies: 39
Views: 953

Re: Important change to the Amazon.ca Rewards Visa Card program

Official announcement from Amazon.ca : Important changes to the Amazon.ca Rewards Visa Card program occurring March 15, 2018 . The credit card relationship between JPMorgan Chase Bank, N.A. and Amazon.ca is ending and Chase will be closing the Amazon.ca Rewards Visa Card program as of March 15, 201...
by adrian2
15 Jan 2018 19:07
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Distributions question
Replies: 1
Views: 93

Re: Distributions question

It's right there in the URL you linked to:

Cash distribution per unit = $0.00000
Reinvested distribution per unit = $0.118423

2017 ETF re-invested distributions -- about re-invested (non-cash, "phantom") distributions, typically capital gains, for ETFs this year.
by adrian2
15 Jan 2018 17:59
Forum: Under the Mattress: Protecting Your Money
Topic: Important change to the Amazon.ca Rewards Visa Card program
Replies: 39
Views: 953

Re: Important change to the Amazon.ca Rewards Visa Card program

No communication yet from Chase Bank Canada regarding cancellation of Amazon. Ca Visa Rewards Card account in mid March. I was on the website few minutes ago reviewing activity. No message popped up. I looked but could not find any reference to account cancellation. Business as usual. The letter ma...
by adrian2
14 Jan 2018 18:16
Forum: Taxing Situations
Topic: How often to adjust ACB on USD holdings
Replies: 26
Views: 487

Re: How often to adjust ACB on USD holdings

I'm betting the vast majority of taxpayers that have a US$ brokerage account fail to report US$ cash gains and losses at all. It's a complicated calculation, after all (has to be done for every sell and buy of every security, done on the US$ sub-account). Wouldn't CRA pick that up as the brokerages...
by adrian2
14 Jan 2018 17:51
Forum: Taxing Situations
Topic: How often to adjust ACB on USD holdings
Replies: 26
Views: 487

Re: How often to adjust ACB on USD holdings

Let me add one more qualifier in support of my chosen method: by and large, I'm buying and selling US$ denominated securities using US$ cash and/or margin in my US$ denominated account. Any discrepancy between the forex I use for securities would be counterbalanced, for the exact same difference in ...
by adrian2
14 Jan 2018 16:01
Forum: Taxing Situations
Topic: How often to adjust ACB on USD holdings
Replies: 26
Views: 487

Re: How often to adjust ACB on USD holdings

That is only for multiple transactions of the same security, a point I did acknowledge in my post above. It is a disservice to imply It applies to multiple transactions in the portfolio overall for a range of securities for example. It does not apply across the portfolio. I'm not sure why this is s...
by adrian2
14 Jan 2018 15:38
Forum: Taxing Situations
Topic: How often to adjust ACB on USD holdings
Replies: 26
Views: 487

Re: How often to adjust ACB on USD holdings

If you sell publicly-traded shares or redeem mutual funds (e.g., mutual fund trust units or shares of a mutual fund corporation) that are denominated in a foreign currency, you may trigger a foreign exchange gain or loss. You must convert the adjusted cost base (ACB) and sale proceeds of the securi...
by adrian2
14 Jan 2018 12:24
Forum: Retirement, Pensions and Peace of Mind
Topic: Optional Additional CPP
Replies: 23
Views: 583

Re: Optional Additional CPP

With the new discount factors, it pays to take a serious look at deferment. Didn't make nearly as much sense under the prior system...which is what I purposely signed on too when I took CPP at about age 62.5 yrs of age. I basically picked a window that gave me a bit of a cushion for zero years, and...
by adrian2
14 Jan 2018 11:59
Forum: Financial Planning and Building Portfolios
Topic: Canadian Scholarship Trust
Replies: 16
Views: 12524

Re: Canadian Scholarship Trust

The worst part is these guys are predators. They have predatory sales practices where they show up at the door of new mothers, particularly ones that are on welfare or government assistance, and convince them to buy the plan while they are tired and too busy to run the numbers. Its sick and disgust...
by adrian2
14 Jan 2018 11:54
Forum: Taxing Situations
Topic: How often to adjust ACB on USD holdings
Replies: 26
Views: 487

Re: How often to adjust ACB on USD holdings

There is vast disagreement with Adrian's point of view so I would dismiss it outright. CRA is only conceding with respect to annual forex rate for recurring income during a calendar year to simplify calculation and reporting. From my link above, entitled "Calculating and reporting your capital gain...
by adrian2
14 Jan 2018 11:47
Forum: Retirement, Pensions and Peace of Mind
Topic: Optional Additional CPP
Replies: 23
Views: 583

Re: Optional Additional CPP

Assuming a person actually needs that cash, then I would also assume that the person actually needs it NOW. I'll stand by my first position: Age 60 VS 70 you are ahead of the game until you turn 80. It just feels good to be collecting a CPP cheque NOW, while I can use it for fun stuff. I won't mind...
by adrian2
14 Jan 2018 11:41
Forum: Taxing Situations
Topic: How often to adjust ACB on USD holdings
Replies: 26
Views: 487

Re: How often to adjust ACB on USD holdings

I do the same, but use the annual rate. We had this discussion several times in the past, and there is supporting verbiage from the CRA to use the annual rate not only for recurring income, but for capital transactions too. In the end, it all washes out. This is news to me. I missed this discussion...
by adrian2
13 Jan 2018 09:56
Forum: Under the Mattress: Protecting Your Money
Topic: Important change to the Amazon.ca Rewards Visa Card program
Replies: 39
Views: 953

Re: Important change to the Amazon.ca Rewards Visa Card program

For purchases in another currency, Rogers and Fido both give 1.6% net cashback. But no break on cash withdrawals in another currency - that's the real loss with Amazon leaving. For cash withdrawals in another currency, there is Home Trust Preferred Visa: * No annual fee * 1% CashBack with no limits...
by adrian2
12 Jan 2018 18:23
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: What did you sell? What might you sell? (2018)
Replies: 17
Views: 1568

Re: What did you sell? What might you sell? (2018)

Shakespeare wrote:
12 Jan 2018 18:22
1% of the portfolio is too large???

My largest is TD at 3.7%. I would reduce at 5%, others at 10%.
:thumbsup:
by adrian2
12 Jan 2018 13:01
Forum: Retirement, Pensions and Peace of Mind
Topic: Optional Additional CPP
Replies: 23
Views: 583

Re: Optional Additional CPP

But really I just LIKE getting a gov’t cheque every month. And my basic policy is to defer tax and take benefits early :) So what would you do in this more extreme example: A grandparent immigrates to Canada, sponsored by his family, at age 64. He can apply for OAS at age 65, and he'll get 1/40 of ...
by adrian2
12 Jan 2018 12:57
Forum: Retirement, Pensions and Peace of Mind
Topic: Optional Additional CPP
Replies: 23
Views: 583

Re: Optional Additional CPP

The answer to my own question is that there is a 10 year as-an-adult minimum residency requirement to qualify for OAS. https://www.canada.ca/en/services/benefits/publicpensions/cpp/old-age-security/eligibility.html Unless there is a country level agreement which counts the residence in both countri...
by adrian2
12 Jan 2018 08:54
Forum: Taxing Situations
Topic: How often to adjust ACB on USD holdings
Replies: 26
Views: 487

Re: How often to adjust ACB on USD holdings

FWIW: Here is how I do it. I use the monthly BoC rate for exchange The ABC of any US stock in $Can is determined the month you buy the stock. The ABC never changes with the exchange rate. Proceeds are calculated the month you sell using that months exchange rate. The Dividends and the withholding t...
by adrian2
12 Jan 2018 08:36
Forum: Retirement, Pensions and Peace of Mind
Topic: Optional Additional CPP
Replies: 23
Views: 583

Re: Optional Additional CPP

But really I just LIKE getting a gov’t cheque every month. And my basic policy is to defer tax and take benefits early :) So what would you do in this more extreme example: A grandparent immigrates to Canada, sponsored by his family, at age 64. He can apply for OAS at age 65, and he'll get 1/40 of ...
by adrian2
11 Jan 2018 19:40
Forum: Financial Planning and Building Portfolios
Topic: $450K to invest for six months -- what would you do?
Replies: 29
Views: 716

Re: $450K to invest for six months -- what would you do?

Or perhaps a 10% correction in capital. Makes trying to juice income by a tiny bit a high risk play. No one knows what the equity market will do in the next 6 months. I don't understand what is hard to understand about that. My point is that the downside can be (far) greater than 10%. 10% was an ex...
by adrian2
11 Jan 2018 17:54
Forum: Financial Planning and Building Portfolios
Topic: $450K to invest for six months -- what would you do?
Replies: 29
Views: 716

Re: $450K to invest for six months -- what would you do?

You sound pretty ambivalent to a 10% loss. If that is really true, weigh whether a 4% div yield is worth the risk? Up to you. Most people would play it safe though. 4% dividend yield for 6 months is 2%. 2.5% HISA gets you 1.25%. Hmmm: 2% with a variability of +/- 30% or more, vs. 1.25% guaranteed. ...
by adrian2
11 Jan 2018 17:51
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Preferreds
Replies: 1157
Views: 84704

Re: Preferreds

New Issue: CM FixedReset, 4.50%+245, NVCC-compliant http://prefblog.com/?p=35977 Maybe I'm not reading very well but is this and the new National Bank issue not offering a floor interest rate? Are all the new ones dropping this feature? National Bank of Canada 4.60% 5-Year Rate Reset Preferred Shar...