Search found 125 matches

by Rysto
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.
by Rysto
22 Nov 2021 17:47
Forum: Financial Planning and Building Portfolios
Topic: Google Docs tracking of TD eFunds
Replies: 8
Views: 15689

Re: Google Docs tracking of TD eFunds

FI40 wrote: 22 Nov 2021 12:55 I just played around with it a bit, found this website ycharts, and used the IMPORTXML command to do it. This should work:
Great work! Thanks a lot. I tried playing around with importxml myself but couldn't find a site that it could parse.
by Rysto
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?
by Rysto
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.
by Rysto
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.
by Rysto
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.
by Rysto
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?

Flaccidsteele wrote: 28 Nov 2018 23:38Not sure what all the crying is about
The Wrong Party(TM) is in power. That's what the crying is about.
by Rysto
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?
by Rysto
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 ...
by Rysto
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 ...
by Rysto
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.
by Rysto
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

SQRT wrote: 10 Mar 2018 10:42
Spudd wrote: 09 Mar 2018 20:18 I can definitely tell you TD isn't it, you have to phone to do NG.
Only to journal the shares?
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.
by Rysto
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
by Rysto
21 Feb 2018 12:56
Forum: Retirement, Pensions and Peace of Mind
Topic: Annuities
Replies: 134
Views: 11108

Re: Annuities

cnicole wrote: 17 Feb 2018 16:29I think she spent her rrsp money on smoking.
Smoking is underrated as a hedge against longevity risk.
by Rysto
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?

Mordko wrote: 17 Jan 2018 13:56In other words the other side acting like complete morons justifies us acting even worse?
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.
by Rysto
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?

Mordko wrote: 15 Jan 2018 15:43This is the kind of thing that can surely be exploited if our government were to stay focused and didn't try to play up to focus groups and/or bring trade unionists to the table.
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.
by Rysto
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

ig17 wrote: 04 Jan 2018 18:45Because it's a TFSA, you can't claim US withholding taxes on your Canadian tax return; they are lost forever. An RRSP or a taxable account is a better place to own US dividend payers.
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.
by Rysto
08 Dec 2017 16:29
Forum: Financial News, Policy and Economics
Topic: cryptocurrencies and mining
Replies: 30
Views: 5647

Re: cryptocurrencies and mining

hamor wrote: 07 Dec 2017 20:12 I watched Banking on Bitcoin on Netflix.
Interesting, but still left me with questions, e.g. how was it possible for that site in Japan (Goax?) to 'lose' or steal so many coins (the value has to be in billions $$$ now). If blockchain is secure and distributed...?
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.
by Rysto
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?

ghariton wrote: 10 Nov 2017 18:55I have, from time to time, doubted the current government's commitment to freer trade.
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.
by Rysto
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.
by Rysto
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...
by Rysto
14 Sep 2017 20:16
Forum: Taxing Situations
Topic: Investment income in a CCPC
Replies: 1102
Views: 152184

Re: Investment income in a CCPC

ghariton wrote: 13 Sep 2017 14:18When originally implemented, the GST was supposed to be a partial substitute for the personal income tax, Revenues from GST were supposed to be matched by reductions in personal income tax rates.
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.
by Rysto
05 Sep 2017 18:29
Forum: Financial News, Policy and Economics
Topic: NAFTA renegotiation
Replies: 19
Views: 1544

Re: NAFTA renegotiation

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 ?
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.
by Rysto
11 Aug 2017 10:36
Forum: Taxing Situations
Topic: Investment income in a CCPC
Replies: 1102
Views: 152184

Re: Investment income in a CCPC

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.
One of the issues is, what's stopping the Amazon programmer from incorporating?
by Rysto
10 Aug 2017 12:30
Forum: Taxing Situations
Topic: Investment income in a CCPC
Replies: 1102
Views: 152184

Re: Investment income in a CCPC

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.
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.