Existing thread on home insurance:
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- 27 Mar 2024 00:10
- Forum: Financial News, Policy and Economics
- Topic: Inflation
- Replies: 1010
- Views: 155669
- 26 Mar 2024 15:27
- Forum: Under the Mattress: Protecting Your Money
- Topic: Need to make $28k payment to dealership while outside Canada
- Replies: 11
- Views: 401
- 23 Mar 2024 19:45
- Forum: Under the Mattress: Protecting Your Money
- Topic: High interest savings, GICs and MMFs (2024)
- Replies: 200
- Views: 16775
Re: High interest savings, GICs and MMFs (2024)
I don't think the "open new account" (i.e. buy GIC) dialog has changed.
When buying a GIC, if you leave the intended use as "other" they will contact you to ask about it. That may be easier than calling them!
When buying a GIC, if you leave the intended use as "other" they will contact you to ask about it. That may be easier than calling them!
- 23 Mar 2024 19:21
- Forum: Under the Mattress: Protecting Your Money
- Topic: High interest savings, GICs and MMFs (2024)
- Replies: 200
- Views: 16775
Re: High interest savings, GICs and MMFs (2024)
I call them immediately after I purchase a GIC and say something like "your website won't allow me to do this, can you change if for me?"
Last time I called was last May and she told me that they will be improving the website. So, still no improvement.
- 23 Mar 2024 13:25
- Forum: Under the Mattress: Protecting Your Money
- Topic: Best Credit Card (2021 - 2025)
- Replies: 515
- Views: 33150
Re: Best Credit Card (2021 - 2025)
Good point.Bylo Selhi wrote: ↑23 Mar 2024 13:06But only for the first three days of a trip. And there are all the CC insurance exclusions. For those who travel long and/or need broader coverage the value is zero, even before they reach 75.
- 23 Mar 2024 13:24
- Forum: Under the Mattress: Protecting Your Money
- Topic: Best Credit Card (2021 - 2025)
- Replies: 515
- Views: 33150
Re: Best Credit Card (2021 - 2025)
Not trying to be funny or boasting. When I book a holiday, I want to book air tickets and accommodation at the same time. That can easily go over the $5k daily limit.
- 23 Mar 2024 12:37
- Forum: Under the Mattress: Protecting Your Money
- Topic: Best Credit Card (2021 - 2025)
- Replies: 515
- Views: 33150
Re: Best Credit Card (2021 - 2025)
The Wealth Simple debit card has a limit of $3K per transaction, $5K per day. That's too low for me. I think I may go with Wise instead. Load it up before I spend.
The Rogers WE MasterCard insurance covers you up to 75 years old. That's pretty good. The President's Choice WE MasterCard insurance coverage is for those 65 and under.
The Rogers WE MasterCard insurance covers you up to 75 years old. That's pretty good. The President's Choice WE MasterCard insurance coverage is for those 65 and under.
- 17 Mar 2024 23:25
- Forum: Stocks, Bonds, ETFs, Funds, REITS and More
- Topic: T+1 Settlement is Coming! On May 28, 2024
- Replies: 58
- Views: 2692
Re: T+1 Settlement is Coming! On May 28, 2024
I don't do a lot of trading, so this change is really not that important to me.
However, last year I got dinged for $25 interest. I sold some HBB on 29 Aug. The next day, I saw that I had "buying power" due to the sale so I bought MIP610. The settlement date for HBB was 31 Aug and the settlement date for the MIP610 was 30 Aug so I got charged a day's interest. The charge appeared in my Sep statement and I thought "what the hay?"
With this change, it wouldn't have happened. Of course, if they hadn't shown me the "buying power", I would have waited another day.
However, last year I got dinged for $25 interest. I sold some HBB on 29 Aug. The next day, I saw that I had "buying power" due to the sale so I bought MIP610. The settlement date for HBB was 31 Aug and the settlement date for the MIP610 was 30 Aug so I got charged a day's interest. The charge appeared in my Sep statement and I thought "what the hay?"
With this change, it wouldn't have happened. Of course, if they hadn't shown me the "buying power", I would have waited another day.
- 17 Mar 2024 12:59
- Forum: Under the Mattress: Protecting Your Money
- Topic: Best Credit Card (2021 - 2025)
- Replies: 515
- Views: 33150
Re: Best Credit Card (2021 - 2025)
I wouldn't mind paying the fee if the advertised benefits can be used. e.g. I'm over 65 and the travel insurance is only good for those 65 and younger.
- 16 Mar 2024 22:55
- Forum: Financial News, Policy and Economics
- Topic: Boeing
- Replies: 6
- Views: 415
Re: Boeing
And another incident. But this was an old plane; a 737-800. As mentioned above, every problem with a Boeing a/c gets reported these days.
https://www.news.com.au/travel/travel-u ... 2cd979f42c
https://www.news.com.au/travel/travel-u ... 2cd979f42c
- 16 Mar 2024 12:30
- Forum: Under the Mattress: Protecting Your Money
- Topic: Best Credit Card (2021 - 2025)
- Replies: 515
- Views: 33150
Re: Best Credit Card (2021 - 2025)
EQ card has a $5K (per day) limit. That's a problem when buying airline tickets for two.
Cancelled my HT Visa card after they cut back on benefits and there was repeated fraudulent activity on it.
Cancelled my HT Visa card after they cut back on benefits and there was repeated fraudulent activity on it.
- 15 Mar 2024 22:36
- Forum: Under the Mattress: Protecting Your Money
- Topic: Best Credit Card (2021 - 2025)
- Replies: 515
- Views: 33150
Re: Best Credit Card (2021 - 2025)
I was going to ask Brim to increase my limit. Guess I won't bother with that. Now I have to go shopping for a new card again; I hate that.
- 14 Mar 2024 18:15
- Forum: Community Centre
- Topic: Electric Cars
- Replies: 601
- Views: 39601
- 13 Mar 2024 19:13
- Forum: Retirement, Pensions and Peace of Mind
- Topic: The government is considering changing investment objectives for CPP
- Replies: 35
- Views: 1506
Re: The government is considering changing investment objectives for CPP
Article is pay-walled, but I can guess what it says.
Reminds me of the time WAC Bennett told the gov't employees pension plan to load up on BC Hydro bonds. He wanted the bonds sold - low returns be dammed!
Reminds me of the time WAC Bennett told the gov't employees pension plan to load up on BC Hydro bonds. He wanted the bonds sold - low returns be dammed!
- 12 Mar 2024 23:50
- Forum: Under the Mattress: Protecting Your Money
- Topic: Photo ID and selfie new requirement for new accounts
- Replies: 11
- Views: 596
Re: Photo ID and selfie new requirement for new accounts
I hope you took the money in cash. I wouldn't accept a cheque.
Seriously, ID theft is getting worse. Expect to encounter more facial and voice recognition systems going forward.
Seriously, ID theft is getting worse. Expect to encounter more facial and voice recognition systems going forward.
- 12 Mar 2024 13:33
- Forum: Under the Mattress: Protecting Your Money
- Topic: CIBC and Simplii - Deceased person
- Replies: 11
- Views: 956
Re: CIBC and Simplii - Deceased person
Today, I talked to a Simplii employee who looked at the file, apologized and said she would get things moving.
So nice to hear a CIBC employee say "I will do ..." rather than "You have to do..."
Fingers crossed.
So nice to hear a CIBC employee say "I will do ..." rather than "You have to do..."
Fingers crossed.
- 11 Mar 2024 23:00
- Forum: Under the Mattress: Protecting Your Money
- Topic: Executor Fee T4
- Replies: 7
- Views: 419
Re: Executor Fee T4
I turn 70 this year so I can avoid the CPP part.
There are ways around all this. e.g.
*You could not take the executor's fee and have the beneficiaries "Remember me at Christmas" IOW pay you out of their portions. You would have to be dealing with people you can trust to be discrete.
*The will could say something about "I leave $x to my brother in law who is taking care of my troublesome sister". The testator would have to make sure that bequest does not mention the executor role. You would also trust that the executor would not take both the bequest and the executor fee!
Anyhow, without the separate bequest and dealing with a bit of a flaky beneficiary, I would like to go the open approach.
There are ways around all this. e.g.
*You could not take the executor's fee and have the beneficiaries "Remember me at Christmas" IOW pay you out of their portions. You would have to be dealing with people you can trust to be discrete.
*The will could say something about "I leave $x to my brother in law who is taking care of my troublesome sister". The testator would have to make sure that bequest does not mention the executor role. You would also trust that the executor would not take both the bequest and the executor fee!
Anyhow, without the separate bequest and dealing with a bit of a flaky beneficiary, I would like to go the open approach.
- 11 Mar 2024 17:16
- Forum: Under the Mattress: Protecting Your Money
- Topic: Travel Insurance - Missed Flight
- Replies: 26
- Views: 1825
Re: Travel Insurance - Missed Flight
Follow up x 2.
My wife never gave up. She got Alaska to issue us "credit certificates"; enough to pay for 1/2 the cost of our next round trip tickets to Hawaii.
My wife never gave up. She got Alaska to issue us "credit certificates"; enough to pay for 1/2 the cost of our next round trip tickets to Hawaii.
- 11 Mar 2024 16:53
- Forum: Under the Mattress: Protecting Your Money
- Topic: Executor Fee T4
- Replies: 7
- Views: 419
Re: Executor Fee T4
T3 Trust Guide:
If the trust paid executor, liquidator, or trustee fees, or if an employee benefit plan or an employee trust made distributions other than a return of employee contributions, file a T4SUM Summary of Remuneration Paid, and the related T4 Statement of Remuneration Paid (slip). For more information, see RC4120 Employers' Guide – Filing the T4 Slip and Summary.
- 11 Mar 2024 16:05
- Forum: Under the Mattress: Protecting Your Money
- Topic: CIBC and Simplii - Deceased person
- Replies: 11
- Views: 956
Re: CIBC and Simplii - Deceased person
I thought that since I was dealing with just one bank - yes, three divisions - but just one bank - things would go smoothly. Believe me, once this is over I won't darken their doorstep again.
At one point, I was going to go to the CIBC complaint department. If you make a complaint, they will get back to you in 3 business days. I guess that gives you time to open an account elsewhere!
At one point, I was going to go to the CIBC complaint department. If you make a complaint, they will get back to you in 3 business days. I guess that gives you time to open an account elsewhere!
- 11 Mar 2024 15:51
- Forum: Under the Mattress: Protecting Your Money
- Topic: Executor Fee T4
- Replies: 7
- Views: 419
Executor Fee T4
I'm going to take my executor fee. I think I earned it and the will stipulates the amount of the fee. I know have to report the executor fee as income. To do this, I need to make a T4 slip. But to make a T4 slip, I should have a payroll account.
It seems crazy to create a payroll account to issue one T4 - the account will never be used again. I'm thinking of just creating a T4 and leaving the account blank. What have others done?
It seems crazy to create a payroll account to issue one T4 - the account will never be used again. I'm thinking of just creating a T4 and leaving the account blank. What have others done?
- 11 Mar 2024 15:24
- Forum: Under the Mattress: Protecting Your Money
- Topic: CIBC and Simplii - Deceased person
- Replies: 11
- Views: 956
Re: CIBC and Simplii - Deceased person
Update. Dealing with CIBC is simplii horrible. I told the local branch account rep what Simplii had said about the interconnected system and gave her the file number. She then uploaded the documents to the file. Since the will had not gone through probate, I had limited access. At Investor's edge, I could sell the securities and get the book value at time of death. At Simplii, I could get account values at time of death but not statements. Fair enough. I opened an estate account at CIBC and deposited the CPP death benefit and the last OAP cheque. After probate was granted, I was back at the local branch to get the will uploaded to the account again. I was present while the branch manager did this. Called Simplii and they seemed happy with t...
- 10 Mar 2024 19:07
- Forum: Community Centre
- Topic: Puzzles to keep the mind challenged
- Replies: 11
- Views: 487
Re: Puzzles to keep the mind challenged
These are fairly easy cryptic crosswords good for training you for the hard ones.
https://lovattspuzzles.com/online-puzzl ... crossword/
https://lovattspuzzles.com/online-puzzl ... crossword/
- 09 Mar 2024 17:22
- Forum: Financial News, Policy and Economics
- Topic: Federal Budget 2024
- Replies: 20
- Views: 1293
Re: Federal Budget 2024
Yes, it's a disgrace that we are not meeting our NATO commitments.Mordko wrote: ↑09 Mar 2024 07:09 Minister of Defence is saying that our army is “in a death spiral”. Needs more money but can’t have it because the budget prioritizes housing.
https://globalnews.ca/news/10341588/can ... th-spiral/
In my book, maintaining army is budget’s responsibility while building houses isn’t. I’ve seen government-build houses in several countries and it ain’t pretty. Business is perfectly capable of meeting demand for housing as long as the conditions are right. Housing starts are trending down because conditions are wrong and the taxpayer can do nothing about it.
- 07 Mar 2024 17:56
- Forum: Financial Planning and Building Portfolios
- Topic: email e transfer question
- Replies: 8
- Views: 763
Re: email e transfer question
Sorry - got it backwards