Search found 16228 matches

by Shakespeare
23 Apr 2023 09:24
Forum: Community Centre
Topic: ChatGPT
Replies: 145
Views: 8406

Re: ChatGPT

A poem came from ChatGPT
No-one knew what it would be.


Remainder left for others. :rofl:
by Shakespeare
23 Apr 2023 09:18
Forum: Taxing Situations
Topic: File before strike!
Replies: 73
Views: 4069

Re: File before strike!

I owed money...$1279. I paid instalments by my own estimate, which was slightly out.

I have already remitted $1327. I was charged just less than $48 ($47+change) interest.

Suppose the rate is 7% simple, which I think someone posted earlier. One year on four instalments is 3.5%. 0.035*1279=44.76, which is reasonably close; the government computer probably does an exact calculation based on days.

Others who owe money may want to check this.
by Shakespeare
23 Apr 2023 00:03
Forum: Taxing Situations
Topic: File before strike!
Replies: 73
Views: 4069

Re: File before strike!

I paid installments but wound up owing over $1k. I suspect I was charged interest on the money owed.
by Shakespeare
22 Apr 2023 19:57
Forum: Taxing Situations
Topic: File before strike!
Replies: 73
Views: 4069

Re: File before strike!

I don't know why I was charged about 47 interest and can't be bothered to figure it out. This year I'm just paying the requirements.
by Shakespeare
22 Apr 2023 18:32
Forum: Taxing Situations
Topic: File before strike!
Replies: 73
Views: 4069

Re: File before strike!

Done. Sons of bitches charged me instalment interest. Grr.
by Shakespeare
21 Apr 2023 22:47
Forum: Financial News, Policy and Economics
Topic: Protectionism
Replies: 499
Views: 140239

Re: Protectionism

I note that COVID screwed up all planning.
by Shakespeare
21 Apr 2023 21:18
Forum: Community Centre
Topic: ChatGPT
Replies: 145
Views: 8406

Re: ChatGPT

FWIW, a site called LibraryThing has just previewed an AI book search which I found useful in finding some dimly remembered favorites.
by Shakespeare
20 Apr 2023 10:53
Forum: Community Centre
Topic: Science is amazing
Replies: 818
Views: 55673

Re: Science is amazing

My respect for the Mercury, Gemini, and Apollo astronauts continues to increase. They all knew what could happen.

SpaceX Starship live: SpaceX Starship finally launches but blows up after take-off - BBC News
by Shakespeare
18 Apr 2023 09:15
Forum: Taxing Situations
Topic: File before strike!
Replies: 73
Views: 4069

Re: File before strike!

I still don't see why I care. If the computers still work they will accept my file and I will transfer the amount owing. If they shut down filing delays will be allowed. 8)
by Shakespeare
15 Apr 2023 16:14
Forum: Under the Mattress: Protecting Your Money
Topic: Bad Customer Service
Replies: 407
Views: 49627

Re: Bad Customer Service

Ah, well, like they say - TV or not TV.
by Shakespeare
14 Apr 2023 14:36
Forum: Taxing Situations
Topic: File before strike!
Replies: 73
Views: 4069

Re: File before strike!

I owe them money. What's the hurry? :roll:
by Shakespeare
14 Apr 2023 14:35
Forum: Retirement, Pensions and Peace of Mind
Topic: CPP and OAS
Replies: 394
Views: 51222

Re: CPP and OAS

Opinion: France is having a pension crisis. Why isn’t Canada? - The Globe and Mail But some of the rising spending has to do with an inequitable vote-buying move from the Trudeau government. That’s layered on top of the long-standing inequity of giving OAS to wealthy retirees.... A lower OAS clawback threshold plus an end to bonus payments for older seniors would save Ottawa a lot of money. Depending on where the line is drawn, we’re talking anywhere from billions of dollars a year to tens of billions of dollars. That would free up resources for higher priority areas: health care, child care, and higher GIS payments for the poorest seniors. Previous governments of both stripes had ample opportunity to lower the OAS clawback threshold and/o...
by Shakespeare
14 Apr 2023 09:09
Forum: Retirement, Pensions and Peace of Mind
Topic: CPP and OAS
Replies: 394
Views: 51222

Re: CPP and OAS

Opinion: France is having a pension crisis. Why isn’t Canada? - The Globe and Mail According to the Office of the Superintendent of Financial Institutions’ chief actuary, expected pension payouts from the CPP are sustainable as far as the eye can see. And a couple of decades after the Martin reforms, another federal finance minister – Bill Morneau – pushed through a modest increase in pension benefits, paid for by a modest rise in premiums. Canada has one of the least generous public pension systems; it was only designed to deliver a pension worth one-quarter of the average salary. The Morneau reforms will gradually raise that to one-third of the average salary, while also slightly increasing the maximum income – it’s $66,600 this year – s...
by Shakespeare
14 Apr 2023 09:02
Forum: Retirement, Pensions and Peace of Mind
Topic: RRIF Withdrawal Methodologies
Replies: 87
Views: 6604

Re: RRIF Withdrawal Methodologies

C.D. Howe institute urges Ottawa to amend RRIF rules - The Globe and Mail n its report, the Institute suggests that Ottawa consider eliminating the conversion age requirement and minimum withdrawals altogether. Alternatively, it suggests that Ottawa raise the initial age of conversion (it did not specify an exact age) or lower the required minimum withdrawals by one-quarter to one-third. “Without lowering the withdrawal percentages further – or using the more powerful tool of raising the age at which withdrawals must start – today’s seniors have a far higher chance of living to see severe depletion of their RRIF nest-egg’s purchasing power,” the report said. I still fail to see where the law says you have to spend it because you have withd...
by Shakespeare
09 Apr 2023 21:41
Forum: Financial News, Policy and Economics
Topic: Clippings 2023
Replies: 343
Views: 32753

Re: Clippings 2023

There's something in the anals of history about dormant accounts, which IIRC can be shifted to a different branch.
by Shakespeare
08 Apr 2023 17:24
Forum: Community Centre
Topic: Humour (2023)
Replies: 53
Views: 6248

Re: Humour (2023)

Farmer Brown decided to play an Easter prank. He snuck into the henhouse at night and painted the eggs different colors.

Next morning the rooster stormed out and beat up the peacock.
by Shakespeare
08 Apr 2023 15:00
Forum: Retirement, Pensions and Peace of Mind
Topic: CPP A Bad Deal For The Self-Employed?
Replies: 35
Views: 2193

Re: CPP A Bad Deal For The Self-Employed?

I would trust CPP much more than an APP.
by Shakespeare
07 Apr 2023 21:34
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Toronto Dominion Bank (Symbol TD)
Replies: 182
Views: 26550

Re: Toronto Dominion Bank (Symbol TD)

CM has generally been a trader. Buy at 6%, sell at 4%.
by Shakespeare
07 Apr 2023 21:11
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Toronto Dominion Bank (Symbol TD)
Replies: 182
Views: 26550

Re: Toronto Dominion Bank (Symbol TD)

Not really. Check interest rate history. It correlates with bank yields.
by Shakespeare
07 Apr 2023 20:17
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Toronto Dominion Bank (Symbol TD)
Replies: 182
Views: 26550

Re: Toronto Dominion Bank (Symbol TD)

At higher interest rates the rule of thumb was "buy at 6%, sell at 4%". But it was hard to get TD at 6% yield.
by Shakespeare
07 Apr 2023 10:40
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Toronto Dominion Bank (Symbol TD)
Replies: 182
Views: 26550

Re: Toronto Dominion Bank (Symbol TD)

SQRT wrote: 07 Apr 2023 10:25
patriot1 wrote: 06 Apr 2023 16:54 Dividend yield on TD of 4.84% doesn't say oversold to me. BMO is yielding 4.79%.

During the financial crisis you could get a dividend yield of over 10% on Canadian banks.
As Adrian said only for BMO. Also, comparing the current environment to the financial crises seems dubious to me. We really feared that the whole financial system would collapse in 2008/09. Currently we have a fairly insignificant bump in the road (in my opinion) compared to then.
The only mistake I made at the time was doubling down too early and running out of money to invest. :twisted:
by Shakespeare
06 Apr 2023 16:13
Forum: Under the Mattress: Protecting Your Money
Topic: Index-linked GIC questions
Replies: 51
Views: 5899

Re: Index-linked GIC questions

The source is probably lost in the anals of history. ;-)
by Shakespeare
06 Apr 2023 15:18
Forum: Community Centre
Topic: Ice storm-2023
Replies: 24
Views: 1158

Re: Ice storm-2023

I don't think that's within code,so don't tell anybody. ; l
by Shakespeare
06 Apr 2023 14:36
Forum: Under the Mattress: Protecting Your Money
Topic: Index-linked GIC questions
Replies: 51
Views: 5899

Re: Index-linked GIC questions

Like I've often said, they're crap. Sold, not bought.

"The vendor made money, the broker made money, two out of three ain't bad." - Wall Street joke.

Added: I remember discussing ukridge's approach by email with Milevsky maybe 20 years ago. It's not the exact equivalent because you need an option.