Search found 4183 matches

by Peculiar_Investor
28 Mar 2017 08:28
Forum: Taxing Situations
Topic: Pros-cons of home office/incorporating?
Replies: 1
Views: 79

Re: Pros-cons of home office/incorporating?

Welcome to FWF. Have you also considered that incorporating will bring along additional costs, including but not limited to: costs on lawyer(s) to setup and establish the corporation (likely one-time) and on-going costs for accountants to prepare corporate tax returns. It is often said that the tax ...
by Peculiar_Investor
27 Mar 2017 14:40
Forum: Taxing Situations
Topic: Does this screen look right to you? (RSP Contribution)
Replies: 20
Views: 387

Re: Does this screen look right to you? (RSP Contribution)

I do not believe so. UFile is clear that you only record Jan-Feb 2017 contributions that are meant to go towards the 2016 tax year. The very first line of the tax tip quote Adrian supplied is all about ' the past tax year, i.e. 2016 '. That has nothing to do with contributions in Jan-Feb 2017 made ...
by Peculiar_Investor
27 Mar 2017 14:16
Forum: Taxing Situations
Topic: Does this screen look right to you? (RSP Contribution)
Replies: 20
Views: 387

Re: Does this screen look right to you? (RSP Contribution)

From my quick review of the captures that the OP has posted it seems like the data has been entered correctly. I would suggest that the OP should review the generated Schedule 7 to understand how the input amounts have been applied to the actual tax schedule. If everything looks correct on Schedule ...
by Peculiar_Investor
26 Mar 2017 22:49
Forum: Retirement, Pensions and Peace of Mind
Topic: retiring early at 50 - defined benefit pension
Replies: 3
Views: 170

Re: retiring early at 50 - defined benefit pension

Welcome to FWF. That's a pretty open ended question. I realize you probably don't want to reveal too much personal information, but some colour to the questions/concerns you're already considering would probably make for a better discussion starter. I early retired in my 40's because we'd reached wh...
by Peculiar_Investor
24 Mar 2017 17:25
Forum: Taxing Situations
Topic: In Trust Accounts - CRA reassessments
Replies: 6
Views: 323

Re: In Trust Accounts - CRA reassessments

If it shows up here on our little FW Forum they must be casting a wide net. Seems CRA is trying to squeeze every last nickel and dime. I would suggest it is just a byproduct of CRA's move to matching properly slips. The same functionality that now gives us the ability to download tax slips into tax...
by Peculiar_Investor
23 Mar 2017 20:08
Forum: Financial Planning and Building Portfolios
Topic: VT vs VXUS + VTI
Replies: 24
Views: 605

Re: VT vs VXUS + VTI

VT is too heavy in international. If you must, allocate between 15-30% to VXUS. If it is market cap weighted, how can it be too heavy in international? Warren Buffett and Jack Bogle don't believe in holding any international stocks. And they are American, so their viewpoint isn't exactly objective ...
by Peculiar_Investor
23 Mar 2017 14:29
Forum: Financial Planning and Building Portfolios
Topic: Someone to help with tax efficiencies
Replies: 1
Views: 110

Re: Someone to help with tax efficiencies

I have been working on maxing out my RRSP and TFSA for the past few years. I am getting close! Well done! I am getting close! I would like to know where I would turn to for information about how to make my portfolio tax efficient once I start investing in non-registered. Would you settle for some o...
by Peculiar_Investor
23 Mar 2017 11:53
Forum: Taxing Situations
Topic: W8-BEN form. How to fill it
Replies: 9
Views: 206

Re: W8-BEN form. How to fill it

Two further clarifying question I should have asked in the first place. What is your citizenship(s)? Where do you reside (Canada or the US)?
by Peculiar_Investor
23 Mar 2017 11:27
Forum: Now Hear This!
Topic: [Call to action] Lonely and neglected topics, aka the Maytag repairman of topics
Replies: 0
Views: 74

[Call to action] Lonely and neglected topics, aka the Maytag repairman of topics

Did you know that there are some 900 lonely and possibly neglected topics that have never received a reply? If you are logged in, check out http://www.financialwisdomforum.org/forum/search.php?search_id=unanswered (found under the Quick links menu). Clearly there are many of the older ones that are ...
by Peculiar_Investor
23 Mar 2017 10:21
Forum: Taxing Situations
Topic: In Trust Accounts - CRA reassessments
Replies: 6
Views: 323

Re: In Trust Accounts - CRA reassessments

Yes I've run into this problem and can confirm that for many years CRA apparently didn't match slips because they accepted our and our kids returns as filed with the in-trust account capital gains claimed on the kids tax returns. But I do recall that something changed not that long ago and I started...
by Peculiar_Investor
23 Mar 2017 10:07
Forum: Taxing Situations
Topic: Section 85 roll over of public shares and increasing capital gains tax in Budget
Replies: 2
Views: 164

Re: Section 85 roll over of public shares and increasing capital gains tax in Budget

The good news, Budget 2017 did not include any increase in capital gains inclusion rate (see this discussion for more on Budget 2017 in general). Now to attempt to answer your question. I found this article, How to use a section 85 rollover | Advisor.ca , that states What is eligible property? In br...
by Peculiar_Investor
23 Mar 2017 08:28
Forum: Taxing Situations
Topic: W8-BEN form. How to fill it
Replies: 9
Views: 206

Re: W8-BEN form. How to fill it

Welcome to FWF.

It's been years since I last filled out a W8-BEN but my recollection is it was simple. Have you looked at Instructions for Form W-8BEN | IRS which hopefully address your concerns.
by Peculiar_Investor
23 Mar 2017 08:09
Forum: Financial News, Policy and Economics
Topic: Federal Budget 2017 - March 22
Replies: 55
Views: 2656

Re: Federal Budget 2017 - March 22

Another summary, TaxTips.ca - 2017 Federal Budget . To be consistent with the rules for other registered plans such as Tax-Free Savings Accounts (TFSAs), Registered Retirement Savings Plans (RRSPs) and Registered Retirement Income Funds (RRIFs), the budget proposes to extend anti-avoidance rules use...
by Peculiar_Investor
22 Mar 2017 14:42
Forum: Property: Owning, Renting, Managing, Investing and Mortgaging
Topic: Housing Bust 2017
Replies: 123
Views: 3905

Re: Housing Bust 2017

JAG, you are just ranting for the sake of ranting. No one suggested that elderly Canadians should be subject to the property surtax. The tax is aimed at foreign investors or/and parachute families who don't pay Canadian income taxes. Many, including myself, are picking up on the wording in the Ryer...
by Peculiar_Investor
22 Mar 2017 10:02
Forum: Property: Owning, Renting, Managing, Investing and Mortgaging
Topic: Housing Bust 2017
Replies: 123
Views: 3905

Re: Housing Bust 2017

I've done a quick read of the linked document that describes the proposal and I'm sure the devil is in the details, but there is also a generational factor that I don't believe is addressed in the surtax proposal. Many senior couples are of the generation where only one worked and paid into CPP, whi...
by Peculiar_Investor
21 Mar 2017 13:09
Forum: Now Hear This!
Topic: We're now running on phpBB 3.2
Replies: 22
Views: 504

Re: We're now running on phpBB 3.2

One minor ugliness is this: Capture.PNG I *think* in the old board, the page numbers were on the same line as the byline. Now they get their own line, which makes everything look a little more spread out. This is on desktop. Good catch. The screen capture appears to be from View active topics or on...
by Peculiar_Investor
20 Mar 2017 11:54
Forum: Under the Mattress: Protecting Your Money
Topic: Quicken 2016 upgrade - feedback and comments
Replies: 57
Views: 2867

Re: Quicken 2016 upgrade - feedback and comments

After a couple more nags about an update being available, I decided to let Quicken update to R3.1. At least this time the Update Information appears before I confirm that I want to update. Here are the changes and improvements listed: Quicken Canada 2016 Release 3.1 Update Before you update Note: If...
by Peculiar_Investor
20 Mar 2017 11:36
Forum: Now Hear This!
Topic: We're now running on phpBB 3.2
Replies: 22
Views: 504

Re: We're now running on phpBB 3.2

Thanks for the additional comments. The icons are definitely darker, but I'm pretty sure they haven't changed size.
by Peculiar_Investor
20 Mar 2017 10:58
Forum: Now Hear This!
Topic: We're now running on phpBB 3.2
Replies: 22
Views: 504

Re: We're now running on phpBB 3.2

We're listening and are interested in all feedback. Can you provide some more detail around the 'a bit ugly' comment?
by Peculiar_Investor
20 Mar 2017 10:18
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Manitoba Tel - Closes at $40.37, Anyone Surprised?
Replies: 10
Views: 529

Re: Manitoba Tel - Closes at $40.37, Anyone Surprised?

Market makers and professional merger arbitrage investors usually play an active role in these types of situation and I'd find it hard to believe for large companies like BCE and MTS that there would be any scraps left over for the retail investor to profit from the situation.
by Peculiar_Investor
20 Mar 2017 07:47
Forum: Now Hear This!
Topic: We're now running on phpBB 3.2
Replies: 22
Views: 504

Re: We're now running on phpBB 3.2

In the Version 3.1 is alive! topic, Do most of my browsing on iphone, like the new integrated design. :thumbsup: When browsing by subforum each thread displays info on the last post, far preferable IMO to displaying the same info about the initial post in the thread. So far so good. When browsing by...
by Peculiar_Investor
19 Mar 2017 19:17
Forum: Now Hear This!
Topic: New feature - Feeds
Replies: 8
Views: 488

Re: New feature - Feeds

And I had no idea there was a blog..............I was gone a long time. :lol: So you probably missed Relaunch of the FWF homepage . It's run on WordPress, so there is a blog, although it's mostly just used for announcement type things. If anyone has ideas on improving the blog and/or the homepage, ...
by Peculiar_Investor
19 Mar 2017 19:08
Forum: Now Hear This!
Topic: New feature - Feeds
Replies: 8
Views: 488

Re: New feature - Feeds

Thanks. I'd say that's a phpBB 3.2 bug, they seem to have removed the feed.gif icon file. I've replaced it so the first post is displaying correctly. The feed for the blog is http://www.financialwisdomforum.org/feed/ which is the standard location for a WordPress blog. Good suggestion on making the ...
by Peculiar_Investor
18 Mar 2017 19:46
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Alimentation Couche-Tard (Symbol-ATD.B)
Replies: 95
Views: 8848

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

My earlier post was intended to share a bit of my overall valuation framework, particularly with respect to a specific longer term downside scenario which is itself a small portion of the overall thesis in this case. And it was very much appreciated by this reader. There is a lot of good points bei...
by Peculiar_Investor
18 Mar 2017 10:23
Forum: Financial Planning and Building Portfolios
Topic: The Implications of Behavioral Finance
Replies: 141
Views: 41677

Re: The Implications of Behavioral Finance

I haven't read Nudge but some of the key concepts are covered in Misbehaving: The Story Of Behavioral Economics, particularly Chapter 33, Nudging in the U.K.