In one of our registered accounts our holding was called due to Fairfax Announces Early Redemption of Senior Notes Due March 3, 2025 - Fairfax Financial.
Used proceeds to purchase EQ Bank 3.362% 02-Mar-2026 bond (BBB+) with YTM of 5.30%. Not exactly a one-for-one replacement however a slightly better fit into our 10 year bond ladder.
That provides a better rate that a comparable 2 year GIC although we acknowledge the higher credit risk. Our investment policy statement (IPS) only requires investment grade credit ratings. We have established limits on percentage of various credit qualities with the vast majority requited to be A- or better.
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- 18 Mar 2024 09:37
- Forum: Stocks, Bonds, ETFs, Funds, REITS and More
- Topic: What and why did you Buy? What might you buy? (2024)
- Replies: 49
- Views: 6283
- 18 Mar 2024 09:16
- Forum: Taxing Situations
- Topic: WFH, T2200 and filing your taxes
- Replies: 3
- Views: 151
Re: WFH, T2200 and filing your taxes
Determine your work space use – Home office expenses for employees - Canada.ca and Calculate your expenses – Home office expenses for employees - Canada.ca are useful for this exercise.
In part years we used the CRA calculator tool (2nd link) to provide the percentage of work space. 25% does seem quite high.
- 17 Mar 2024 11:34
- Forum: Now Hear This!
- Topic: Orienting Yourself in the User Control Panel
- Replies: 1
- Views: 305
Re: Orienting Yourself in the User Control Panel
Hopefully FWF members new here and those who have been around for quite some time are aware of using BBCode's in their posts. If not then maybe read the helpful BBCode guide for a refresher.
Members might also want to check their User Control Panel (UCP) settings for Edit posting defaults which has controls for whether or not BBCode, smilies, signatures and reply notifications are enabled or disabled.
While you are checking things in your UCP settings you might also take a look at Notifications in Edit notification options which controls when and how you receive notifications for various items.
Does anyone else have helpful tips on UCP settings that might benefit others?
Members might also want to check their User Control Panel (UCP) settings for Edit posting defaults which has controls for whether or not BBCode, smilies, signatures and reply notifications are enabled or disabled.
While you are checking things in your UCP settings you might also take a look at Notifications in Edit notification options which controls when and how you receive notifications for various items.
Does anyone else have helpful tips on UCP settings that might benefit others?
- 15 Mar 2024 16:32
- Forum: Financial News, Policy and Economics
- Topic: Inflation
- Replies: 988
- Views: 153484
Re: Inflation
Let see if I can find a tutorial on how to post links from articles posted on my TDW account without giving away my ID (???). Really not sure how that works, not that tech savvy. Any guidance will be appreciated. I suspect that is not possible when you are quoting research/news material within a discount brokerage account. That said, you often include something like "The Globe and Mail/ TD Market News]" or "[WSJ/TD Market News]" so it might be possible with Google's help to find the original source, i.e. The Globe and Mail or the Wall Street Journal (WSJ). A key measure of U.S. inflation rose faster in January than the Federal Reserve would have liked, as policy makers watch for more signs of easing price pressures befo...
- 14 Mar 2024 11:03
- Forum: Stocks, Bonds, ETFs, Funds, REITS and More
- Topic: Shopify (Symbol - SHOP)
- Replies: 17
- Views: 13946
Re: Shopify (Symbol - SHOP)
More here, behind the paywall: Shopify’s decline contributes to the quirky ‘Canadian curse’ of the TSX Fast forward a couple of years to Shopify’s Surge Saw 85% of Canadian Stock Pickers Trail Targets - Bloomberg For Canadian stock pickers, success in 2023 hinged almost entirely on whether they held Shopify Inc. That was the finding from an S&P Global analysis of active fund managers in Canada last year, when the e-commerce company’s 119% surge was the single biggest contributor to the S&P/TSX Composite Index’s total return of 12%. In short, if a fund manager picked Shopify, she was more likely to beat the benchmark for Canadian equities. Most of the 71 actively managed Canadian equity funds did not, leading to 85% of those tracked...
- 14 Mar 2024 10:42
- Forum: Retirement, Pensions and Peace of Mind
- Topic: The government is considering changing investment objectives for CPP
- Replies: 34
- Views: 1081
Re: The government is considering changing investment objectives for CPP
Thanks for providing this historical context. Much appreciated Bruce.
- 14 Mar 2024 09:11
- Forum: Retirement, Pensions and Peace of Mind
- Topic: The government is considering changing investment objectives for CPP
- Replies: 34
- Views: 1081
Re: The government is considering changing investment objectives for CPP
Thanks for the additional link. I concur there seems to be some level of contradiction. I guess their explanation comes from How We Invest | CPP InvestmentsMordko wrote: ↑14 Mar 2024 08:57 Not quite sure which particular CPP statement you are not sure about. If you are questioning their commitment to “Net zero”, you can find it here: https://www.cppinvestments.com/sustaina ... 0by%202050.
That appears to be in contradiction to “singular objective to maximize…returns”.
CPP Investments wrote:We firmly believe that organizations that manage environmental, social and governance factors effectively are more likely to endure and create more value over the long term than those that do not.
- 14 Mar 2024 08:43
- Forum: Community Centre
- Topic: Pi Day
- Replies: 36
- Views: 2338
Re: Pi Day
For some background ... A Slice of Pi (π) Day History | Exploratorium March 14 is Pi (π) Day, the annual celebration of a never-ending number—and Albert Einstein’s birthday. How did pi inspire a national holiday and an international celebration thousands of years after its discovery? It all started at the Exploratorium with former staff physicist, tinkerer, and media specialist Larry Shaw. In 1988, three years after the death of Exploratorium Founder Frank Oppenheimer, staff gathered at a retreat in Monterey, California, to soul search and brainstorm. It was there that Shaw linked March 14 (3.14) with the digits of pi (3.14159…), seeing it as an extraordinary opportunity to bring Exploratorium staff together. And π Day was born. On the firs...
- 13 Mar 2024 19:54
- Forum: Retirement, Pensions and Peace of Mind
- Topic: The government is considering changing investment objectives for CPP
- Replies: 34
- Views: 1081
Re: The government is considering changing investment objectives for CPP
Is the Subject line accurate here? As far as I can tell the genesis for this is an open letter from Canadian business executives and reply article from other executives who work, or worked, for pension plans. More than 90 Canadian business executives recently signed an open letter calling for governments to make re-evaluating pension model “a national priority,” It would be helpful to have a link to that open letter. In fact, despite its clear mandate to earn the best financial return on the assets it manages, the Canada Pension Plan Investment Board (CPPIB) is already committed to leveraging those assets to pursue collateral objectives instead. CPPIB’s investment strategy now involves pushing society towards “net-zero” carbon emissions by ...
- 13 Mar 2024 19:26
- Forum: Stocks, Bonds, ETFs, Funds, REITS and More
- Topic: Securities Lending Wealthsimple
- Replies: 8
- Views: 219
Re: Securities Lending Wealthsimple
Nope direct email to me because I can't link the email just copy, and paste what was in the email. Thanks for the clarification. Food for thought for next time. To provide context you could post something like Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum. I do not do securities lending. The returns are minimal, and the risks are rare but very larg...
- 13 Mar 2024 18:41
- Forum: Stocks, Bonds, ETFs, Funds, REITS and More
- Topic: Securities Lending Wealthsimple
- Replies: 8
- Views: 219
Re: Securities Lending Wealthsimple
I presume you have read and are possibly quoting or cut and pasting from something like Participate in Stock Lending – Help Centre
- 13 Mar 2024 16:50
- Forum: Taxing Situations
- Topic: EFT Limit for Tax Purposes
- Replies: 18
- Views: 590
Re: EFT Limit for Tax Purposes
You asked our viewpoint and some of us have tried to provide answers and/or links to further your research into the matter. I have given it my best shot.
I would suggest this is far outside the scope of knowledge here on FWF and hence some of us have suggested Google might provide better answers.
Ultimately the Canadian tax system relies on self-assessment by tax payers. Each tax payer is responsible for reporting their total income and determining their total tax owing. CRA enforces the tax law by performing a number of audits on individuals and businesses each year.
I would suggest this is far outside the scope of knowledge here on FWF and hence some of us have suggested Google might provide better answers.
Ultimately the Canadian tax system relies on self-assessment by tax payers. Each tax payer is responsible for reporting their total income and determining their total tax owing. CRA enforces the tax law by performing a number of audits on individuals and businesses each year.
- 13 Mar 2024 16:32
- Forum: Taxing Situations
- Topic: EFT Limit for Tax Purposes
- Replies: 18
- Views: 590
Re: EFT Limit for Tax Purposes
If it looks like a duck and quacks like a duck comes to mind particularly because you classify this as a "regular gift".
"Regular gift" sounds very much like an income arrangement and therefore should be self-reported on your tax return. The Canadian tax system relies on taxpayers to properly self report their income, so at some point CRA could poke their nose into your "arrangement".
- 13 Mar 2024 13:13
- Forum: Taxing Situations
- Topic: EFT Limit for Tax Purposes
- Replies: 18
- Views: 590
Re: EFT Limit for Tax Purposes
It is not the amount of the allowance that matters, It is a matter of what 'allowance' actually means, e.g. payment for services rendered, arms length gifting, etc. gift allowance from sugar daddy More help via Google. According to Is Sugar Dating Legal in Canada? Exploring the Rules and Regulations Taxation rules for sugar babies and daddies can be quite complicated, as there are a number of factors to consider. Generally, any payments received by a sugar baby from their sugar daddy must be reported to the Canada Revenue Agency (CRA). Any payments that exceed $500 per year must be reported as income on your yearly taxes. Additionally, gifts or allowances that are given in exchange for services such as companionship or intimacy must also b...
- 13 Mar 2024 08:10
- Forum: Taxing Situations
- Topic: New T3 requirements for joint accounts [that might be bare trusts]
- Replies: 175
- Views: 35760
Re: New T3 requirements for joint accounts [that might be bare trusts]
Yet another article that might interest some. CRA clarifies penalty relief rules for bare trust returns - The Globe and Mail
Globe and Mail wrote:The CRA said on Tuesday it won’t charge standard penalties for taxpayers who submit their 2023 bare trust returns after the deadline. It also said it will apply a more severe kind of penalty for people who fail to submit the required paperwork only “in the most egregious cases” of gross negligence.
The agency had indicated in December that it would avoid regular penalties for late bare trust returns. But it also said it would still apply the more onerous penalties when it deemed taxpayers “knowingly” failed to file or did so owing to gross negligence.
- 11 Mar 2024 12:12
- Forum: Financial Planning and Building Portfolios
- Topic: Registered Disability Savings Plan (RDSP)
- Replies: 12
- Views: 508
Re: Registered Disability Savings Plan (RDSP)
Also look at our wiki article Registered Disability Savings Plan - finikiAltaRed wrote: ↑03 Mar 2024 12:19 Using this forum's Advanced Search, I found these links that might be helpful
viewtopic.php?p=660128#p660128
viewtopic.php?p=618960#p618960
Failing that, you might try a Google search
- 01 Mar 2024 11:22
- Forum: Retirement, Pensions and Peace of Mind
- Topic: Making contribution into SRRSP
- Replies: 18
- Views: 532
Re: Making contribution into SRRSP
I would suggest you read through and understand the rules in Contributing to your spouse's or common-law partner's RRSPs - Canada.ca and Withdrawing from spousal or common-law partner RRSPs - Canada.ca . Another good resource is TaxTips.ca - Combining Spousal and Non-Spousal RRSPs or RRIFs . Both the taxpayer and their spouse can still make contributions to this account. If the taxpayer makes contributions, it is very important that the financial institution is aware of the source of the funds, so that the contribution receipt indicates that it is a taxpayer contribution, and not a contribution by the spouse. The same is true when it is a spousal contribution - make sure the contribution receipt indicates that it is a spousal contribution. ...
- 29 Feb 2024 18:57
- Forum: Community Centre
- Topic: Electric Cars
- Replies: 601
- Views: 38972
Re: Electric Cars
Calgary Herald wrote: In Alberta’s 2024 budget unveiled Thursday, the province says the new tax will be applied when electric car owner Here is a comparison I found online. https://www.iseecars.com/compare/ford-f__150-vs-tesla-model_3 Many Albertans drive trucks. Sorry for comparing a car to a truck but I think you get my point. Nothing new to see here. The headline quote from the Calgary Herald article should have been while owners don’t pay a provincial fuel tax. Alberta is just the latest Canadian province trying to address this. I thought this had been previously discussed however I could find anything when searching. The challenge for many (all?) jurisdictions is they rely on gas taxes to help pay for transportation projects and keep ...
- 29 Feb 2024 15:39
- Forum: Property: Owning, Renting, Managing, Investing and Mortgaging
- Topic: First Home Savings Account (FHSA)
- Replies: 116
- Views: 12314
Re: First Home Savings Account (FHSA)
From Jamie Golombek: Here are answers to common questions, including what to know when one spouse already owns a home.
Deep dive into CRA rules around using the tax-free FHSA to buy a home | Financial Post
We are long past the point where a FHSA could be used however we have been watching this space as our adult children will benefit from the FHSA program.
Deep dive into CRA rules around using the tax-free FHSA to buy a home | Financial Post
We are long past the point where a FHSA could be used however we have been watching this space as our adult children will benefit from the FHSA program.
- 29 Feb 2024 08:46
- Forum: Community Centre
- Topic: Humour (2024)
- Replies: 7
- Views: 983
Re: Humour (2024)
What a brilliant and funny idea ... Leap year: French readers enjoy world’s only four-year newspaper
BBC story wrote:The world's only quadrennial, or four-yearly newspaper, has hit the kiosks again in France with the release of a new issue of the satirical La Bougie du Sapeur.
The singularity of the 20-page tabloid is that it comes out only on 29 February - so once every leap-year.
The first edition was in 1980, and this is issue 12.
Conceived by a group of friends who "wanted to have a laugh", La Bougie du Sapeur (The Sapper's Candle) has a print run of 200,000.
- 29 Feb 2024 07:49
- Forum: Stocks, Bonds, ETFs, Funds, REITS and More
- Topic: Dividend and distribution hikes (2024)
- Replies: 69
- Views: 10591
Re: Dividend and distribution hikes (2024)
In Stella-Jones Announces Fourth Quarter and Year-End Results "Driven by the increased level of profitability, we announced a 22% growth in the Company's quarterly dividend. This is the 20th year of continuous dividend increases, which truly speaks to our confidence in the long-term financial strength of our business. We are optimistic that the thoughtful planning and execution of our business strategy, combined with recently set sustainability targets and our disciplined capital management, will enable us to sustain profitable growth and deliver meaningful value for all our stakeholders. On the heels of such a banner year for our business, Stella-Jones' growth prospects are promising, and we are ready for the future," concluded M...
- 28 Feb 2024 17:08
- Forum: Stocks, Bonds, ETFs, Funds, REITS and More
- Topic: Dividend and distribution hikes (2024)
- Replies: 69
- Views: 10591
Re: Dividend and distribution hikes (2024)
In Stantec announces record 2023 earnings, dividend increase
Stantec is one of my oldest stock holdings and has rewarded me very well.Stantec press release wrote:On February 28, 2024, the Board of Directors declared a dividend of $0.21 per share, payable on April 15, 2024, to shareholders of record on March 28, 2024, representing an 7.7% increase.
- 27 Feb 2024 08:31
- Forum: Community Centre
- Topic: unknown caller
- Replies: 40
- Views: 1383
Re: unknown caller
Drifting a bit off-topic I know.
Technology is often the problem as well as the solution.
At one of my children's rental apartment, which was newly built in the last couple of years, the entry door does support mobile devices. Good so far because they don't and won't have a landline.
The problem is the system won't recognize a mobile number from outside the local exchange. In their case one mobile number has an area code from out of province so cannot be used. The other mobile number is the correct area code however from a different region in the province, so still is not consider "local" and therefore cannot be used.
- 26 Feb 2024 18:18
- Forum: Stocks, Bonds, ETFs, Funds, REITS and More
- Topic: New Kid/Old Kid on the Block (Tom Bradley / Steadyhand)
- Replies: 115
- Views: 41648
Re: New Kid/Old Kid on the Block (Tom Bradley / Steadyhand)
Another worthwhile read and points to ponder Protecting against the right risks - Steadyhand Investment Funds Of course, you never know all the risks at work in your portfolio. Carl Richards, author of The Behavior Gap, said it well, “Risk is what’s left over after you think you’ve thought of everything.” Now, let’s drill into how you interact with risk. The blog post as it covers his three main points which I've summarized below: It’s different for everyone Risk is personal. It’s your very own, based on your financial situation, personality, and goals for the money. That seems to be mostly consistent with what I see in the posts here on FWF, different members have different risk tolerances and portfolio objectives. Paying for protection yo...
- 26 Feb 2024 09:17
- Forum: Retirement, Pensions and Peace of Mind
- Topic: Single premium immediate annuity (SPIA)
- Replies: 92
- Views: 3132
Single premium immediate annuity (SPIA)
There are bits and pieces in various topics about single premium immediate annuity (SPIA) however until now there hasn't been a dedicated discussion. From another topic Special credit over the past few years to FWF member Quebec for their tireless effort to expand finiki with many new articles. 👍👍 Thanks! The latest effort is called Single premium immediate annuity . Pensions for people who don't have a company pension. Single premium immediate annuities (SPIAs), also known as fixed life annuities, can be used to provide regular income during retirement. The annuitant hands over a lump sum to a life insurance company (single premium). The constant (fixed) payments will start almost immediately, for example in one month, and last as long as ...