Search found 9610 matches

by Peculiar_Investor
28 Mar 2024 09:26
Forum: Financial News, Policy and Economics
Topic: Productivity Indicator
Replies: 16
Views: 887

Re: Productivity Indicator

I don't often agree with David Rosenberg's investing viewpoints however there is some very sobering data points that he raises in Canada was once productive and competitive, but not today | Financial Post On a per-capita basis, government program spending is 27 per cent higher than it was in 2019 and almost double the average of the past 40 years. Inflation has only accounted for 40 per cent of that gap in per-person spending now compared to four years ago. The fiscal spending is out of control, and a clear sign is that when it comes to the government sector, what is always billed as a temporary spending measure to fight a crisis inevitably finds a way to remain on the books. Either Canadians don’t know about what is going on with this fisc...
by Peculiar_Investor
28 Mar 2024 09:17
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: RBC Direct Investing (formerly Action Direct) experience
Replies: 811
Views: 170582

Re: RBC DIRECT INVESTING

Two questions. I have RBC Banking accounts and no RBC Direct Investing accounts. Will his RBC Direct Investing account at some point appear when I log into RBC Online Banking? The online process for the Trading Authority indicates it typically takes up to 5 business days. Will he and/or I receive any notification when the process has been completed and the Trading Authority granted? An update on the process and timeline. The RBC Direct Investing account did finally appear when I logged into RBC Online Banking. There was no notification or email, it just appeared. After a week or so both of us sending Secure messages asking about the timeline and we told there was a backlog and it would take a few extra days. The reality was it took until F...
by Peculiar_Investor
28 Mar 2024 08:27
Forum: Financial News, Policy and Economics
Topic: Executive compensation
Replies: 129
Views: 16008

Re: Executive compensation

Good times for these executives. Too bad about the employees and the shareholders. Opinion: BMO misses goals, pays bonuses: A long-time pattern continues - The Globe and Mail Mr. White’s annual bonus fell 23 per cent from 2022 levels, but was still $2.71-million. The value of his stock awards fell 9 per cent – but was still $7.41-million. His total direct pay of $11.22-million, as BMO measures it, came in $532,000 below his target compensation. That’s because the bank’s performance-pay factor, used for all these incentive-pay components, came in at 95 per cent for the year. That’s just five percentage points below full funding. That math might surprise anyone looking at BMO’s financial performance, however. BMO uses three financial metrics ...
by Peculiar_Investor
28 Mar 2024 08:13
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: BCE (Symbol-BCE)
Replies: 1860
Views: 286348

Re: BCE (Symbol-BCE)

ghariton wrote: 27 Mar 2024 21:29 Globe & Mail
BCE Inc. paid out millions of dollars in performance bonuses to its top executives after falling short of its 2023 financial targets, slowing its dividend growth and announcing thousands of job cuts.
Nothing new here, this has been discussed in the FWF topic Executive compensation. The sun also rose as usual this morning. Please move along. :lol:
by Peculiar_Investor
27 Mar 2024 19:06
Forum: Financial Planning and Building Portfolios
Topic: Please help rate this portfolio
Replies: 4
Views: 198

Re: Please help rate this portfolio

Welcome to the FWF community. Some quick thoughts. I'm guessing there is an underlying objective for the portfolio to generate income based on the inclusion of two dividend ETFs. Is that correct? Now to specific holdings. 1% CN Rail 1% CP Rail How do these have impact on the overall portfolio? Why include them without them being a meaningful percentage of the portfolio. 12% RBC/TD/BMO 8% VDY Isn't there significant overlap in those holdings. Why choose both? I had to look up, SCHD, it is SCHD | Schwab U.S. Dividend Equity ETF | Schwab Asset Management . The MER makes it low-cost which is good. Otherwise I know nothing about this fund. I did find the FWF topic Strategies generating US cash for Canadians...SCHD? that discusses it.
by Peculiar_Investor
27 Mar 2024 19:00
Forum: Retirement, Pensions and Peace of Mind
Topic: Contributing to RRSP vs TFSA
Replies: 10
Views: 280

Re: Contributing to RRSP vs TFSA

The TaxTips.ca website has a helpful page that might be of use TaxTips.ca - TFSA vs RRSP Calculator - Information Page and their page TaxTips.ca - TFSA vs RRSP - Which is Better?.

Often it is helpful to pay with tax calculators and look at various scenarios where you can impact (lower) the marginal tax rate.
by Peculiar_Investor
27 Mar 2024 11:35
Forum: Community Centre
Topic: RIP 2024
Replies: 34
Views: 2814

Re: RIP 2024

Daniel Kahneman, Nobel-winning economist, dies at 90 - The Washington Post and Daniel Kahneman, Nobel-Winning Psychologist Who Upended Economics, Dies at 90 - Bloomberg Dr. Kahneman’s research was best known for debunking the notion of “homo economicus,” the “economic man” who since the epoch of Adam Smith was considered a rational being who acts out of self-interest. Instead, Dr. Kahneman found, people rely on intellectual shortcuts that often lead to wrongheaded decisions that go against their own best interest. These misguided decisions occur because humans “are much too influenced by recent events,” Dr. Kahneman once said. “They are much too quick to jump to conclusions under some conditions and, under other conditions, they are much t...
by Peculiar_Investor
27 Mar 2024 09:44
Forum: Taxing Situations
Topic: New T3 requirements for joint accounts [that might be bare trusts]
Replies: 204
Views: 44383

Re: New T3 requirements for joint accounts [that might be bare trusts]

The brokerage account was set-up with the adult child as the primary account holder with their own account number, access, etc., including trading password. It was a financial services manager at TD that suggested that the account be joint, although in retrospect trading authority will do. As is the case here I suspect that many times for convenience accounts were setup as joint accounts as there is less paperwork involved. Until now there were no perceived tax consequences of this type of arrangement. In reality, now that there are new tax considerations many of these types of arrangements should be setup "properly" via either trading authority and/or a Power of Attorney. Trading authority or Power of Attorney is how we have est...
by Peculiar_Investor
26 Mar 2024 17:17
Forum: Now Hear This!
Topic: Don't be afraid ... to start a new topic
Replies: 10
Views: 18973

Re: Don't be afraid ... to start a new topic

Koogie wrote: 26 Mar 2024 15:54 I can't even find stuff I posted using it
That's an easy one, all FWF members can find their all own posts under Quick links use the Your posts.

Bonus tip, this post describes how to find all the topics you have started.

Yes I know I'm drifting off-topic :lol:
by Peculiar_Investor
26 Mar 2024 17:14
Forum: Now Hear This!
Topic: Don't be afraid ... to start a new topic
Replies: 10
Views: 18973

Re: Don't be afraid ... to start a new topic

I'll spend a fortnight searching before I'll start a new topic. :wink: :wink: acknowledged. The search function here is rudimentary at best so can be challenging to use beyond single word searches. Might I suggest taking a look at this post where I offered some ideas on a method that has served me well in the past. Search in general is tricky, two people searching often do not find the same things. I don't know, starting a New Topic is a bold move. It shouldn't be. Every time I see a new topic, someone will respond informing the foolish poster that there's already a thread on that, intimating that if they use the Search function they could find lots of info. Then in a blink of eye a moderator has whisked the New Topic into a merge with an ...
by Peculiar_Investor
26 Mar 2024 14:47
Forum: Now Hear This!
Topic: Don't be afraid ... to start a new topic
Replies: 10
Views: 18973

Don't be afraid ... to start a new topic

I realize that there will be a wide variety of viewpoints on this. Yes it often makes sense to find an existing topic when you want to discussion something, particularly particular companies (stocks) or ETFs. Yes, topic drift happens, often. Sometimes Omnibus topics make sense, sometimes they don't. Case in point is the Computer problems topic that's run for 14 years and counting. Pretty much every problem ever related to a computer has been posted there, but it might be far more helpful to have topics related to specific problems so details don't get lost. I'd hazard a guess that many knowledgeable people no longer read the topic. Your chances of getting help probably improve if there is a dedicated topic to specific problems. At least tha...
by Peculiar_Investor
26 Mar 2024 14:17
Forum: Taxing Situations
Topic: Filing a Paper T1 Return
Replies: 9
Views: 108

Re: T1135 Form

scorpionman wrote: 26 Mar 2024 13:27 I read you have to send paper copies of all t slips received as well with paper filing t1? Is it true? Also does anyone send a cover letter?
This topic is about the T1135 Form.

Are you asking a more general question about filing the T1 income tax package.
by Peculiar_Investor
26 Mar 2024 09:40
Forum: Taxing Situations
Topic: New T3 requirements for joint accounts [that might be bare trusts]
Replies: 204
Views: 44383

Re: New T3 requirements for joint accounts [that might be bare trusts]

Rob Carrick has posted another article that might be helpful to those still trying to figure out if they are impacted. A guide to family finances and the new CRA reporting rules for bare trusts – are you in the crosshairs? - The Globe and Mail (Not paywalled as far as I can determine) Bare trusts must be disclosed through the filing of a T3 trust income tax and information return and a related Schedule 15 form, both of which can be a challenge to navigate. What-if questions about bare trusts have been pouring in for weeks now, in large part because the CRA has failed to provide a reasonable level of explanatory background. To clarify who needs to file a T3 and who does not, I asked Pam Prior, a tax partner at KPMG in Vancouver, to answer so...
by Peculiar_Investor
25 Mar 2024 21:39
Forum: Financial Planning and Building Portfolios
Topic: Daughter’s LIRA?
Replies: 11
Views: 250

Re: Daughter’s LIRA?

Old_guy wrote: 25 Mar 2024 20:39 I guess the gist of this post is NOT to give advice other than a solid “set it and forget it” advice.
There is plenty of wisdom and shared knowledge here on FWF. For me a key is to remember "Give a man a fish, and you feed him for a day. Teach a man to fish, and you feed him for a lifetime."

Help your daughter with their investment choices, with some explanation of what and why and then let them take the lesson(s) and take ownership of the future decisions. That's what I've done with our adult children's investments and so far so good.
by Peculiar_Investor
25 Mar 2024 13:34
Forum: Taxing Situations
Topic: Attribution of Contributions from Joint Bank Account
Replies: 22
Views: 463

Re: Attribution of Contributions from Joint Bank Account

formerpatriot wrote: 25 Mar 2024 13:23 If she gives 200k to each one of our 3 kid
One clarification which seems obvious from the examples. The kids are adult children, not minors, correct?

Otherwise Attribution Rules re Related Minor Child
by Peculiar_Investor
25 Mar 2024 12:49
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: T+1 Settlement is Coming! On May 28, 2024
Replies: 58
Views: 2695

Re: T+1 Settlement is Coming! On May 28, 2024

This is also very helpful here,
AltaRed wrote: 25 Mar 2024 12:47 This document on T+1 settlement processes should help clarify what occurs. Look at section 6.3 and the process charts.
by Peculiar_Investor
25 Mar 2024 12:47
Forum: Taxing Situations
Topic: Attribution of Contributions from Joint Bank Account
Replies: 22
Views: 463

Re: Attribution of Contributions from Joint Bank Account

Some minor clarification.
AltaRed wrote: 25 Mar 2024 12:31 Short answer, no, you are not allowed to gift your spouse funds for investment purpose (to earn investment income).
It is allowed however CRA rules require any investment income earned by the spouse must be attributed back to the person who gave the gift. It becomes an exercise to track and therefore is NOT the recommended approach.
AltaRed wrote: 25 Mar 2024 12:31 It should have been a spousal loan, or a contribution to a spousal RRSP or similar.
That is the better approach so that attribution rules do not come into play.
by Peculiar_Investor
25 Mar 2024 12:28
Forum: Financial Planning and Building Portfolios
Topic: Investing my emergency fund
Replies: 13
Views: 326

Re: Investing my emergency fund

You might want to read our wiki article Emergency fund - finiki . The Further reading section contains links back to previous FWF topics, thus saving the need to do some searching here. An emergency fund should be in a placed in a highly liquid, low risk vehicle - a cash or cash-equivalent account. A typical choice is a savings account at a bank or online bank, such as a high-interest savings account (HISA). For urgently needed cash, e.g. to pay for car problems or home repairs, you may also want to keep a certain balance in an instantly available account like a chequing or saving account. This offers ATM access, the option of making interac transfers, or paying with a debit card, unlike with some HISAs. However, partly for psychological re...
by Peculiar_Investor
25 Mar 2024 10:47
Forum: Taxing Situations
Topic: Attribution of Contributions from Joint Bank Account
Replies: 22
Views: 463

Re: Attribution of Contributions from Joint Bank Account

Thank you all for your comments. I feel that it’s really a form over substance issue. Welcome to the FWF community. Ultimately the Canadian tax system relies on self-reporting when one files their annual tax return. There are checks and balances in the system to ensure compliance and taxpayers are expected to know and follow the rules. At the end of the day what is the difference if there are separate bank accounts or one joint bank account as long as one spouse is not contributing more to their investments than they earned. My spouse and I have always used joint bank accounts and separate brokerage accounts for investments. We have been careful (via Quicken) to have an audit trail on income attribution should they ever ask. Over the years...
by Peculiar_Investor
24 Mar 2024 17:33
Forum: Under the Mattress: Protecting Your Money
Topic: High interest savings, GICs and MMFs (2024)
Replies: 200
Views: 16782

Re: High interest savings, GICs and MMFs (2024)

fds2 wrote: 24 Mar 2024 14:29 My folks have a US$ acct with TD DI. TDB8152 is currently paying 4.9%. The best 1yr GIC rate (at TD DI) seems to be TDMtg @ 5.05 and Equitable Trust 5.12%. Does this seem like the best? Or would you stay with TDB8152
One thing to note is there is a difference between GICs where the rate is guaranteed and a HISA such as TDB8152 where the rate can change over time, generally tracking the Bank of Canada rate.
by Peculiar_Investor
23 Mar 2024 15:35
Forum: Retirement, Pensions and Peace of Mind
Topic: Planning Retirement for Immigrant Parents
Replies: 3
Views: 208

Re: Planning Retirement for Immigrant Parents

I want to help my parents through retirement and to figure out the best way to do this. I am at a loss as to where to start. Can anyone point me to resources that could: 1) Help me understand USA/Canadian tax laws and how to minimize tax burden if sending money in excess of "maximum gift" of 15k per year? 2) Help me understand how CCP is calculated and how net worth or my contributions to my parents may impact CCP payments? 3) Any accountants or firms that have dealt with such situations so that they could help me navigate the requirements of the two countries? 4) Anything else useful? Welcome to the FWF community. For 1) on the Canadian side their is no "gift tax" to worry about, There is no "gift tax" in Can...
by Peculiar_Investor
23 Mar 2024 10:34
Forum: Community Centre
Topic: Printers
Replies: 21
Views: 488

Re: Printers

knotley wrote: 22 Mar 2024 14:10 The only downfall is the MF Scan Utility software which is rather old.
Looking at Canon Support for imageCLASS MF269dw | Canon U.S.A., Inc. it shows [Windows 32bit & 64bit] MF Scan Utility Ver.1.20.0.2 with date of 01.31.23. That doesn't seem rather old however personally I used Adobe Acrobat DC for scanning purposes with my imageCLASS MF269dw and it works well.
by Peculiar_Investor
23 Mar 2024 09:17
Forum: Under the Mattress: Protecting Your Money
Topic: Currency Exchange
Replies: 78
Views: 6044

Re: Currency Exchange

See Dynamic currency conversion Dynamic currency conversion (DCC) or cardholder preferred currency (CPC) is a process whereby the amount of a credit card transaction is converted at the point of sale, ATM or internet to the currency of the card's country of issue. DCC is generally provided by third party operators in association with the merchant, and not by a card issuer. Card issuers permit DCC operators to offer DCC in accordance with the card issuers' processing rules.[1][2] However, using DCC, the customer is usually charged an amount in excess of the transaction amount converted at the normal exchange rate, though this may not be obviously disclosed to the customer at the time. The merchant, the merchant's bank or ATM operator usuall...
by Peculiar_Investor
21 Mar 2024 15:09
Forum: Financial Planning and Building Portfolios
Topic: Aspiring Boglehead looking for advice on which funds and where to place
Replies: 7
Views: 417

Re: Aspiring Boglehead looking for advice on which funds and where to place

Hello! I'm an aspiring Boglehead looking for some advice on how to simpfify and manage our portfolio by moving to a 2 fund portfolio with 80/20 split between US and non-US market funds and no bonds (at least for now). Currently invested in individual equities and ETFs with no bonds Welcome to the FWF community. I'll give you a bit of a reading assignment that might help. Our wiki has two articles that you might want to review as starting points in your journey. They are: Simple index portfolios - finiki and Tax-efficient investing - finiki The simplest and easy to manage solution to consider is using an Asset allocation ETF - finiki that matches your desired asset allocation. Pro tip: Many/most of the articles in our wiki have a Further re...
by Peculiar_Investor
21 Mar 2024 14:23
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Anyone know a Canadian (best) or us residential or condo REIT yielding 6% or more?
Replies: 14
Views: 1212

Re: Anyone know a Canadian (best) or us residential or condo REIT yielding 6% or more?

What is so magical about something yielding 6% or more? Will that requirement change if or when interest rates change?

Personally I would frame the question as dividend yield greater than or equal to n year GIC rate since that's essentially the risk-free return currently available.