Search found 125 matches
- 06 Jan 2022 23:08
- Forum: Retirement, Pensions and Peace of Mind
- Topic: advantages of contributing to rrsp after year end?
- Replies: 8
- Views: 1540
Re: advantages of contributing to rrsp after year end?
My employer gives a match on our Group RRSP so I put in the max percentage of my income that gets matched. Due to bonuses and raises my income each year isn't entirely predictable, and so I don't know exactly how much I'll contribute to the Group RRSP each year. Rather than guessing and risk overcontributing, I wait until after the year is over to top up my RRSP contributions to my max.
- 22 Nov 2021 17:47
- Forum: Financial Planning and Building Portfolios
- Topic: Google Docs tracking of TD eFunds
- Replies: 8
- Views: 15689
- 19 Nov 2021 10:25
- Forum: Financial Planning and Building Portfolios
- Topic: Google Docs tracking of TD eFunds
- Replies: 8
- Views: 15689
Google Docs tracking of TD eFunds
Hi everyone,
I use a Google Docs spreadsheet to do some basic tracking of my portfolio. Getting the current price of TD eFunds has become a pain point once again. Previously I was using a trick that somebody posted previously that grabbed prices from quotes.morningstar.com, but that has become incredibly inconsistent of late. I believe that Morningstar is blocking Google from fetching the quotes. Anybody have an alternate method of getting eFund prices in Google Docs?
I use a Google Docs spreadsheet to do some basic tracking of my portfolio. Getting the current price of TD eFunds has become a pain point once again. Previously I was using a trick that somebody posted previously that grabbed prices from quotes.morningstar.com, but that has become incredibly inconsistent of late. I believe that Morningstar is blocking Google from fetching the quotes. Anybody have an alternate method of getting eFund prices in Google Docs?
- 29 May 2019 12:15
- Forum: Stocks, Bonds, ETFs, Funds, REITS and More
- Topic: Class action suit against Scotiabank re: mutual fund fees
- Replies: 14
- Views: 1720
Re: Class action suit against Scotiabank re: mutual fund fees
Whenever I buy an eFund in my TDDI account, I get a notification that TDDI is paid a trailer fee.
- 09 Jan 2019 12:14
- Forum: Taxing Situations
- Topic: RRSP Overcontribution
- Replies: 39
- Views: 1876
Re: RRSP Overcontribution
I have overcontributed in the past, and I netfiled my return and filed the T1-OVP separately (along with a cheque for the penalty). It wasn't too terrible.
- 14 Dec 2018 10:11
- Forum: Under the Mattress: Protecting Your Money
- Topic: High interest rates for savings, GICs and MMFs (2018)
- Replies: 465
- Views: 47488
Re: High interest rates for savings, GICs and MMFs (2018)
Oaken has increased the rate on their savings account from 1.5% to 2.3%. A long-overdue move.
- 30 Nov 2018 13:50
- Forum: Financial News, Policy and Economics
- Topic: What is happening with the Canadian economy?
- Replies: 260
- Views: 54763
Re: What is happening with the Canadian economy?
The Wrong Party(TM) is in power. That's what the crying is about.
- 23 May 2018 14:43
- Forum: Stocks, Bonds, ETFs, Funds, REITS and More
- Topic: Vanguard Canada target retirement ETFs
- Replies: 7
- Views: 1153
Re: Vanguard Canada target retirement ETFs
How can an ETF not be available to retail investors? Are they not actually traded on an exchange?
- 22 May 2018 16:49
- Forum: Financial Planning and Building Portfolios
- Topic: Norbert's gambit - Can$ to US$ or vice versa
- Replies: 1785
- Views: 325542
Re: Norbert's gambit - Can$ to US$ or vice versa
Interesting thing happened to me last time I called to journal the shares to cover my short position. The guy said I couldn’t have a long and short position in the same stock and that this was called “shorting the box”. Despite this he did journal the shares. I told him he was wrong and that shorting the box was a short sale of a stock you already owned. This is indeed not allowed. It is quite acceptable to buy in a stock you had previously shorted. He was unconvinced. Let’s hope he checked it out and now understands it. But this illustrates that you have to do the short sale first or the system will not allow it. Even if he was right, there's nothing wrong with shorting against the box in Canada. Hell, there's nothing wrong with doing it ...
- 28 Mar 2018 14:31
- Forum: Taxing Situations
- Topic: UFile 2017
- Replies: 42
- Views: 3242
Re: UFile 2017
Has anyone else experienced this: I'm being told that I have over contributed to my RRSP and that RevCan will be hitting me with a 1% a month penalty till the overcontribution is resolved. I've double checked everything and I think I'm ok. This year I was fortunate enough to be able to make my full contribution for 2018 in the first sixty days of the year (where I have the discretion to apply the amount to either 2017 or 2018). I think what is going on that the system is assuming I'm trying to apply to 2017 year only and then that would be an overcontribution. But what the amount actually is is a submitted amount that will not be claimed till 2018. And as a matter of fact that is how it correctly comes out in my return where everything is ...
- 22 Mar 2018 10:22
- Forum: Property: Owning, Renting, Managing, Investing and Mortgaging
- Topic: Mortgages and term options
- Replies: 12
- Views: 2403
Re: Mortgages and term options
I wonder how many people are taking them up on 8% for 25 years.
- 16 Mar 2018 19:07
- Forum: Stocks, Bonds, ETFs, Funds, REITS and More
- Topic: Time for a new discount broker
- Replies: 95
- Views: 7414
Re: Time for a new discount broker
I'm a TDDI customer. In order to do a long-only NG, I have to buy shares, wait for them to settle, then call TDDI, and the shares are journaled by the next business day, when I can finally issue the sale. For this reason I only perform NG with DLR/DLR.U, to avoid the risk of the market moving against me.
- 01 Mar 2018 14:15
- Forum: Financial Planning and Building Portfolios
- Topic: Does it make sense to invest in an RRSP when in the lowest tax bracket?
- Replies: 31
- Views: 1849
Re: Does it make sense to invest in an RRSP when in the lowest tax bracket?
Commissions, growth etc. are all the same so the factor I can see is having the full $ available to invest in the RRSP to potentially have more total $$ seems like the difference. The taxable can never catch up, for two reasons. The tax drag on dividends is part of the issue. But the bigger thing is that the tax you pay on the RRSP is effectively a repayment of the original tax refund that you got, with growth. The taxable account has to pay the original income tax, plus capital gains tax. It's not an either-or situation. Here's a good graph demonstrating what happens: https://docs.google.com/spreadsheets/d/e/2PACX-1vQbxh_tTkY3DjG2lQz72c-3igmqdFCBAxNabyDkFLgNqmjVuo09K1lbx59aKpHmJ38x9Rg3SDhRSlYo/pubchart?oid=430089527&format=interactive
- 21 Feb 2018 12:56
- Forum: Retirement, Pensions and Peace of Mind
- Topic: Annuities
- Replies: 134
- Views: 11108
- 17 Jan 2018 16:20
- Forum: Financial News, Policy and Economics
- Topic: NAFTA is dead. So now what?
- Replies: 61
- Views: 9426
Re: NAFTA is dead. So now what?
American positions have included drop-dead provisions that make NAFTA effectively unenforceable, and to basically end free trade in automobiles when exporting to the US. In exchange for this the US offers us exactly nothing. I'd love to know how Canada's bargaining positions can possibly be construed as worse than that.
Look, I understand that the name "Trudeau" triggers a Pavlovian response in conservatives in Canada but maybe defending Trump isn't the hill you want to be dying on.
- 15 Jan 2018 19:39
- Forum: Financial News, Policy and Economics
- Topic: NAFTA is dead. So now what?
- Replies: 61
- Views: 9426
Re: NAFTA is dead. So now what?
That is the kind of thing that might exploitable if the other negotiating team has any interest in actually interested in making a deal. There's little evidence that's the case at all.
- 07 Jan 2018 15:34
- Forum: Stocks, Bonds, ETFs, Funds, REITS and More
- Topic: Bought U.S. stock through CAD TFSA at TDDI
- Replies: 13
- Views: 1447
Re: Bought U.S. stock through CAD TFSA at TDDI
You're not better off holding US equities in taxable. You're much better off paying a 15% tax to the US on the dividends than you are paying your marginal rate to Canada unless you are in a very low tax bracket (and if you are, where on earth did you get the money to fool around buying individual US equities?). On top of that, your capital gains in the TFSA will be tax-free.
Now, the RRSP is a superior vehicle because you do save the US withholding taxes.
- 08 Dec 2017 16:29
- Forum: Financial News, Policy and Economics
- Topic: cryptocurrencies and mining
- Replies: 30
- Views: 5647
Re: cryptocurrencies and mining
You mean Mt Gox? Anyone with a copy of a person's bitcoin wallet can initiate a transaction to move bitcoins out of the wallet into another wallet. With Mt Gox (and other similar hacks), the wallet was stored on Mt Gox's servers. The hackers got access to the servers, copied the wallets, and then transferred all of the bitcoins out of them into wallets they controlled.
- 10 Nov 2017 20:36
- Forum: Financial News, Policy and Economics
- Topic: NAFTA is dead. So now what?
- Replies: 61
- Views: 9426
Re: NAFTA is dead. So now what?
New story: Canada, 10 other nations agree on core elements of TPP. Apparently the intellectual property provisions that the Americans insisted on have been stripped out of the deal, which is exactly what I wanted to see with the US gone.
- 10 Oct 2017 14:14
- Forum: Taxing Situations
- Topic: Investment income in a CCPC
- Replies: 1102
- Views: 152184
Re: Investment income in a CCPC
Or take the money as salary and save it tax-deferred in an RRSP like the rest of us working schlubs.
- 29 Sep 2017 15:21
- Forum: Financial News, Policy and Economics
- Topic: NAFTA Renegotiation
- Replies: 615
- Views: 40168
Re: NAFTA Renegotiation
I am unconvinced that the American negotiating position is serious in the sense that they actually expect us to accede to the demands. Instead I believe that Trump is looking for the deal to fail so that he can publicly proclaim that he tried to negotiate a "fair" deal for the US, but as negotiations have failed he has no choice but to withdraw from NAFTA. I kinda feel that Canada needs to make reviving TPP a bigger priority than it has been. I'm not a huge fan of everything in the deal -- I'd love to see the intellectual property provisions left out now that the US is out of the deal, as they're the ones who insisted on them -- but given the uncertainty about free trade with the US right now, promoting free trade with more stable...
- 14 Sep 2017 20:16
- Forum: Taxing Situations
- Topic: Investment income in a CCPC
- Replies: 1102
- Views: 152184
Re: Investment income in a CCPC
This is the first I've ever heard this claim. The GST was supposed to be a replacement for a tax on manufacturers, which was indeed repealed. The GST was revenue neutral.
- 05 Sep 2017 18:29
- Forum: Financial News, Policy and Economics
- Topic: NAFTA renegotiation
- Replies: 19
- Views: 1544
Re: NAFTA renegotiation
Because of the free rider problem. People who don't pay union dues still benefit from the wages and benefits collectively bargained by the union.Koogie wrote: ↑05 Sep 2017 17:25A false equivalency but I believe you knew that. Why do unions (and their sympathizers) feel so threatened by such a simple concept ? Not everyone wants to join a union. There are also many disgruntled people across this country who are forced to pay union dues to politically active unions who fund all kinds of idiotic political agendas they disagree with.
We live in a free society, people should have choice. Why be afraid of that ?
- 11 Aug 2017 10:36
- Forum: Taxing Situations
- Topic: Investment income in a CCPC
- Replies: 1102
- Views: 152184
Re: Investment income in a CCPC
One of the issues is, what's stopping the Amazon programmer from incorporating?ClosetIndexer wrote: ↑10 Aug 2017 15:51Now, I do think some of these changes make sense, and in other cases I agree that the issues are real, but feel the proposed changes overreach. I won't get into the specifics there. But I just wanted to make the point that, for example, a small business owner whose business earned $180k last year is in a very different situation than, say, a computer programmer who made the same working for Amazon.
- 10 Aug 2017 12:30
- Forum: Taxing Situations
- Topic: Investment income in a CCPC
- Replies: 1102
- Views: 152184
Re: Investment income in a CCPC
Uh... And why did she do this again? I thought that the whole point of the proposed changes is to remove the benefits for these kinds of structures.Imagine a situation involving Marie, the owner of an incorporated small business that provides landscaping services (“Gardenco”), who took legitimate steps to allow her only child, Justice, who is not active in the business carried on by Gardenco to acquire nominal value common shares of Gardenco.