Search found 153 matches
- 04 Mar 2024 08:05
- Forum: Taxing Situations
- Topic: How are you keeping corporate minute books?
- Replies: 18
- Views: 682
Re: How are you keeping corporate minute books?
Law firm holds and updates them annually with info from our accounting firm.
- 24 Feb 2024 14:56
- Forum: Financial Planning and Building Portfolios
- Topic: Moving from Asset Allocation ETFs to Individual ETFs and Recommendations for Bond ETFs
- Replies: 11
- Views: 1289
Re: Moving from Asset Allocation ETFs to Individual ETFs and Recommendations for Bond ETFs
Similar situation and holding primarily VDY in our corporate account. Recently sold all Canadian holdings (XIC) in our RRSPs to buy more US and international (XAW). Its going to continue to be an issue as we are adding far more to CCPC than all other accounts combined. I am ok with it as I view the VDY as our "pension" and will be happy to take an income from it when we retire in a few years.
We don't hold any bonds so can't help you there.
We don't hold any bonds so can't help you there.
- 16 Feb 2024 07:55
- Forum: Financial Planning and Building Portfolios
- Topic: Any reason NOT to empty out HISA into RRSP?
- Replies: 5
- Views: 518
Re: Any reason NOT to empty out HISA into RRSP?
I will let smarter folks comment on your RRSP contribution plan but when I read this I thought at 49 with prices where they are in Vancouver I personally would keep renting and work to build a substantial portfolio. Maybe in retirement you could move to a lower cost city and buy something for way less money.
- 15 Feb 2024 13:32
- Forum: Financial Planning and Building Portfolios
- Topic: Is XAW withering on the vine?
- Replies: 12
- Views: 834
Re: Is XAW withering on the vine?
XAW has the lowest trading volume of any ETF in my portfolio but it still has its place and has had good returns.
- 09 Feb 2024 10:00
- Forum: Under the Mattress: Protecting Your Money
- Topic: High interest savings, GICs and MMFs (2024)
- Replies: 200
- Views: 16783
Re: High interest savings, GICs and MMFs (2024)
Looks like 1/3 got 5.5%, 1/3 got 5.25% and 1/3 got no offer. I would love to be in the meeting room where they discuss how they are rolling out promos. Seems like such a strange business practice and alienates a lot of customers.Bylo Selhi wrote: ↑08 Feb 2024 12:56Apparently TING values you less than some others: 5.5% HISA offer until 30 June YMMVTHEMAINEVENT wrote: ↑08 Feb 2024 08:12 New Tangerine Promo this morning, 5.25% on new contributions until June 30th. Received this 8 days after my last promo at 6% expired and I moved all funds out of accounts. I don't normally see such quick new offers, they must be paying out a lot of mortgage funds this month and need some cash.
- 08 Feb 2024 08:12
- Forum: Under the Mattress: Protecting Your Money
- Topic: High interest savings, GICs and MMFs (2024)
- Replies: 200
- Views: 16783
Re: High interest savings, GICs and MMFs (2024)
New Tangerine Promo this morning, 5.25% on new contributions until June 30th. Received this 8 days after my last promo at 6% expired and I moved all funds out of accounts. I don't normally see such quick new offers, they must be paying out a lot of mortgage funds this month and need some cash.
- 21 Jan 2024 12:33
- Forum: Financial Planning and Building Portfolios
- Topic: Turn over your DIY to an adviser when you retire?
- Replies: 38
- Views: 2260
Re: Turn over your DIY to an adviser when you retire?
Some really interesting food for thought here. So much so I just created a new document titled "Simplifying Portfolio 2024". Despite not owning a huge number of products I am thinking I will reduce it further. Emsie, I like your comments on the simplicity of VEQT and love the product myself. One dividend per year is nice too for even more simplicity. AltaRed some great thoughts and I am going to plagiarize your line... "None of the holdings in any of our portfolios need to be churned, nor should any holdings be rolled over into mutual funds nor invested in alternative investments nor speculative stocks." Step one for us would be to sell VTI, XEF, XIC in RSPs, do the Norbert's Gambit to covert VTI's USD back to CDN and th...
- 05 Jan 2024 12:14
- Forum: Financial Planning and Building Portfolios
- Topic: How did you do in 2023?
- Replies: 97
- Views: 7491
Re: How did you do in 2023?
16.6% XIRR. 97% equities, 3% bonds and cash at year end. Happy with the year and minimal time spent pondering AA and market noise.
Net worth was up 9.9% and has just more than doubled in the last 7 years. Hoping that I can say the same in 7 more years.
Goal for 2024 is to fix AA by selling CDN and buying more US. Should be able to add a significant amount to the portfolio this year as my spouse just came out of retirement (again) to take a lucrative 14 month contract doing something she enjoys. She did this during covid and continues to be pestered by headhunters trying to lure her back in.
Net worth was up 9.9% and has just more than doubled in the last 7 years. Hoping that I can say the same in 7 more years.
Goal for 2024 is to fix AA by selling CDN and buying more US. Should be able to add a significant amount to the portfolio this year as my spouse just came out of retirement (again) to take a lucrative 14 month contract doing something she enjoys. She did this during covid and continues to be pestered by headhunters trying to lure her back in.
- 18 Dec 2023 13:02
- Forum: Financial Planning and Building Portfolios
- Topic: Stocks versus ETFs
- Replies: 102
- Views: 6779
Re: Stocks versus ETFs
My last individual stock holding is gone as of last week (good riddance to that one). Now all ETF's - a mix of all-in-ones and individual. Moving more to all-in-ones for simplicity and to help my spouse be able to manage if something happens to me.
- 09 Dec 2023 09:28
- Forum: Under the Mattress: Protecting Your Money
- Topic: High interest savings, GICs and MMFs (2023)
- Replies: 1056
- Views: 87817
Re: High interest savings, GICs and MMFs (2023)
Where does one find current rate for RBF2010? I see a pdf rate sheet online from August 2nd showing 4.55% but no rate change since then?
https://www.rbcroyalbank.com/products/i ... et-ENG.pdf
https://www.rbcroyalbank.com/products/i ... et-ENG.pdf
- 07 Dec 2023 12:09
- Forum: Financial Planning and Building Portfolios
- Topic: Please critique my plan [for a corporate account]
- Replies: 17
- Views: 1251
Re: Please critique my plan [for a corporate account]
I am holding exclusively VDY (Vanguard Canadian High dividend yield fund) in my corporate investment account and have been adding to it regularly (quarterly dividends from op co to hold co investment account).
Goal is healthy six figures of dividend income and eventually take dividends from corporate to spouse and I in retirement (as a 50% shareholder I can pay spouse dividends from investment gains/dividends).
Due to buying so much Canada in corporate, I am reducing Canadian holdings in personal accounts to keep total portfolio asset allocation within my goals. Primarily buying more US to replace Canada in personal. Corporate account value will surpass my RSP in early 2024.
Goal is healthy six figures of dividend income and eventually take dividends from corporate to spouse and I in retirement (as a 50% shareholder I can pay spouse dividends from investment gains/dividends).
Due to buying so much Canada in corporate, I am reducing Canadian holdings in personal accounts to keep total portfolio asset allocation within my goals. Primarily buying more US to replace Canada in personal. Corporate account value will surpass my RSP in early 2024.
- 04 Dec 2023 09:38
- Forum: Financial News, Policy and Economics
- Topic: Define "rich"
- Replies: 71
- Views: 4268
Re: Define "rich"
I have no problem spending $20,000 on family vacations but $4 each for razor blades ticks me off.
- 03 Dec 2023 09:59
- Forum: Financial News, Policy and Economics
- Topic: Define "rich"
- Replies: 71
- Views: 4268
Re: Define "rich"
Rich is being able to afford popcorn at the movie theater and razor blades at the drugstore. I've bought both in the last 24 hours so I must be loaded.
- 27 Nov 2023 08:41
- Forum: Financial Planning and Building Portfolios
- Topic: US returns vs the rest of the world
- Replies: 30
- Views: 1780
Re: US returns vs the rest of the world
Excellent quote Bylo.
Made me look. I bought VEA for a few years 2011-2014 in prices ranging from $35.55 to $41.19. Eventually sold it and bought a big chunk of XEF in late 2014 for just under $23. Since then its done just ok, in fact a little better than my Canadian index holding, XIC but so far behind the VTI I also bought at the same time.
Thankful for VEQT with 44% US stocks and the other Vanguard all-in-one products that have increased my US percentage over the last 5 years and make diversification so easy and less time mourning the dogs of my portfolio and second guessing holding onto them.
Made me look. I bought VEA for a few years 2011-2014 in prices ranging from $35.55 to $41.19. Eventually sold it and bought a big chunk of XEF in late 2014 for just under $23. Since then its done just ok, in fact a little better than my Canadian index holding, XIC but so far behind the VTI I also bought at the same time.
Thankful for VEQT with 44% US stocks and the other Vanguard all-in-one products that have increased my US percentage over the last 5 years and make diversification so easy and less time mourning the dogs of my portfolio and second guessing holding onto them.
- 14 Nov 2023 09:31
- Forum: Financial Planning and Building Portfolios
- Topic: Retire with VGRO & VEQT
- Replies: 16
- Views: 2221
Re: Retire with VGRO & VEQT
Baked, Looks like a great simple portfolio to me. I love VEQT and have been buying more and more of it. If I was younger and building a portfolio from scratch I think 100% VEQT would be a great choice. I hold XDV in my corporate account but tons of VEQT in RRSPs, TFSA and non-reg. VGRO in kids RESP. I am in a similar position where I could retire but enjoy running my business and thanks to Covid I no longer sit on the highway commuting to my office. This is the main thing I hated about working and now think I will keep working for a few more years at least due to my 8 second commute from kitchen to home office. Freedom 55 was the plan for many years but now likely Freedom 60. I like the idea of keeping some cash in a HISA and we do that now...
- 07 Oct 2023 11:26
- Forum: Financial Planning and Building Portfolios
- Topic: Where to transition RESPs?
- Replies: 12
- Views: 861
Re: Where to transition RESPs?
My inlaws said they wanted to help with their grandkids RESP and contributed $1,000 once, over a decade ago. I've never seen another dime but I bet they will tell my kids they helped fund the RESP.
I initially bought XIU from 2008 until XIC came out and switched to that. Then eventually 100% VGRO and now some GIC's added in as they get closer. Will move $20-25,000 per kid per year to RBF2010 or similar every spring to fund the following school year.
I initially bought XIU from 2008 until XIC came out and switched to that. Then eventually 100% VGRO and now some GIC's added in as they get closer. Will move $20-25,000 per kid per year to RBF2010 or similar every spring to fund the following school year.
- 12 Sep 2023 08:14
- Forum: Financial Planning and Building Portfolios
- Topic: Extra cash - pay down mortgage or Invest?
- Replies: 18
- Views: 1436
Re: Extra cash - pay down mortgage or Invest?
I would do the mortgage pre-payment, add a chunk to your RRSP (maybe $30k). Then open a non-registered investing account and put the balance there. You could just buy a short term Tangerine 6% promo rate GIC with the plan to reassess in a year and maybe pay a larger chunk of the mortgage off at renewal. When spouse and I were in our 30's we used to keep an "open" mortgage so we could pay lump sums anytime and paid it off by 40 while always maxing our RRSPs. In hindsight I would now split those chunks in two and put half on the mortgage and invest the other half. By using a multi-prong approach you are less likely to regret just putting it all in one area. For example all on the mortgage before the stock markets go on a tear and ha...
- 06 Sep 2023 15:04
- Forum: Under the Mattress: Protecting Your Money
- Topic: High interest savings, GICs and MMFs (2023)
- Replies: 1056
- Views: 87817
- 06 Sep 2023 13:18
- Forum: Under the Mattress: Protecting Your Money
- Topic: High interest savings, GICs and MMFs (2023)
- Replies: 1056
- Views: 87817
Re: High interest savings, GICs and MMFs (2023)
Tangerine 6% promo on new money until Jan 31. No email but it was there when I logged in today under "insights".
- 28 Jul 2023 15:46
- Forum: Under the Mattress: Protecting Your Money
- Topic: High interest savings, GICs and MMFs (2023)
- Replies: 1056
- Views: 87817
Re: High interest savings, GICs and MMFs (2023)
T5 has both our names on them, primary account holder first. Last year one was for $7,755, the other $7,214. We submit one each, primary account holder's taxes. Have never been questioned by CRA although we may be doing it wrong.Eclectic12 wrote: ↑28 Jul 2023 14:26 Doesn't moving the full amount from spouse A's account to Spouse B's account complicate tax reporting of the interest?
My understanding of the attribution rules says that when this happens, Spouse B's T5 slip will include the interest that should be attributed back to Spouse A.
https://www.taxtips.ca/personaltax/attr ... -child.htm
Cheers
- 28 Jul 2023 11:30
- Forum: Under the Mattress: Protecting Your Money
- Topic: High interest savings, GICs and MMFs (2023)
- Replies: 1056
- Views: 87817
Re: High interest savings, GICs and MMFs (2023)
Great to have two accounts, each with two people authorized. Either I or my spouse always have a current promo active and its easy to move funds between the two accounts. One promo ends, move 100% to the other account and wait a month for a new promo in the zeroed account. Never have a period without a promo active.
- 25 Jul 2023 14:42
- Forum: Under the Mattress: Protecting Your Money
- Topic: High interest savings, GICs and MMFs (2023)
- Replies: 1056
- Views: 87817
Re: High interest savings, GICs and MMFs (2023)
Thanks AltaRed and that was pretty much my assessment after speaking to an Advisor at RBCDI Royal Circle. No commissions, quickest settlement on buy and sell, slightly lower interest.
- 25 Jul 2023 10:18
- Forum: Under the Mattress: Protecting Your Money
- Topic: High interest savings, GICs and MMFs (2023)
- Replies: 1056
- Views: 87817
Re: High interest savings, GICs and MMFs (2023)
Bought some RBF2010 in a corporate account, wasn't aware of it but currently pays 4.55%, no trade fee, interest calculated daily and paid the last day of the month. I didn't find anything paying a higher rate without locking in to a GIC.
- 22 Jul 2023 08:23
- Forum: Taxing Situations
- Topic: Paying GST/HST to CRA
- Replies: 3
- Views: 585
Re: Paying GST/HST to CRA
Same as Marcus. All works well once you are in to Tax Filing Service. Unfortunately I spend too much time there.
- 26 Jun 2023 12:15
- Forum: Under the Mattress: Protecting Your Money
- Topic: High interest savings, GICs and MMFs (2023)
- Replies: 1056
- Views: 87817
Re: High interest savings, GICs and MMFs (2023)
Tangerine Business account 5.25% promo ended yesterday and reverted to 3.25%. Called today, got put through to "High balance specialist" or some title like that and was given 4% on existing balance plus new deposits for 5 months. A couple of years ago I would done a back flip over 4% and now, meh. I may dump half into a 1.5 year GIC at 5.5%.