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by AltaRed
12 Mar 2024 21:53
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Rebalancing my portfolio, problem with international exposure
Replies: 36
Views: 935

Re: Rebalancing my portfolio, problem with international exposure

Someone who has more knowledge than I in mutual funds will have to respond. The only time I have seen Class O referenced is when the fund is a holding itself in a wrap, i.e. one of several Class O funds in an overarching Class A or Class F fund. The point is to not to double dip on Management fees which is verboten by the regulator, and thus why you probably do not see a Management fee listed in such Class O funds.
by AltaRed
12 Mar 2024 20:47
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Rebalancing my portfolio, problem with international exposure
Replies: 36
Views: 935

Re: Rebalancing my portfolio, problem with international exposure

Plus I suspect O class funds are not available to the retail investor.

The point of geographical diversification is diversification, capturing both good and not so good, which is not lnown in advance. Learn to live with what the market can reasonably provide over the long term.

The US market performed terribly during the first decade of this century and has been a barn burner for the past 10 years. No one knows what the next years will be.
by AltaRed
12 Mar 2024 18:21
Forum: Taxing Situations
Topic: Access Code for tax return
Replies: 6
Views: 282

Re: Access Code for tax return

I tried what you just tried and get the same results as you do. Based on https://www.taxchopper.ca/t1help/Q_filing/a00_nfacc.jsp 2nd option, it is supposed to show up but doesn't. Maybe CRA MyAccount is hooped this afternoon. Perhaps try later tonight when all the folks east of Winnipeg will be in bed.

This page is old and archived but maybe try it? https://www.canada.ca/en/news/archive/2 ... code-.html
by AltaRed
12 Mar 2024 17:26
Forum: Taxing Situations
Topic: Small RRSP overcontribution. Do I need to do anything?
Replies: 5
Views: 206

Re: Small RRSP overcontribution. Do I need to do anything?

If you intended it to be a contribution for 2024, get CIBC to correct an obvious FU on their part. There is no reason why YOU should have to amend your 2023 return to include it as a 2023 contribution. They clearly didn't seem to understand March 5th is not Feb 29th.

As an aside, many years ago when I could still make a RRSP contribution, I avoided making a contribution anywhere close to the end of February to avoid that sort of thing. It is painful dealing with robots at the FIs.
by AltaRed
12 Mar 2024 15:53
Forum: Taxing Situations
Topic: EFT Limit for Tax Purposes
Replies: 18
Views: 590

Re: EFT Limit for Tax Purposes

Except there is no reason for CRA to know unless the sugar daddy claims these payments as a tax deduction.
by AltaRed
12 Mar 2024 14:18
Forum: Taxing Situations
Topic: New T3 requirements for joint accounts [that might be bare trusts]
Replies: 175
Views: 35618

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

It's not perfect but it is not nothing either. That is what I think is going on, but it perhaps was not as well thought out as it should have been. I agree that it is 'not nothing', and if that is indeed the case, that will/can make a difference when it comes into play, e.g. legal versus beneficial owner(s). It could mean that if an adult child is a legal owner but not beneficial owner, that account will need to become an Estate asset. Not unlike that of a house property title where a parent might be on title as a 1% beneficial owner as a means for the adult child to qualify for a mortgage.. which has become a relatively common situation with mortgage lenders. In event of death, the parent only holds a 1% beneficial interest with the rest ...
by AltaRed
12 Mar 2024 13:53
Forum: Community Centre
Topic: Electric Cars
Replies: 601
Views: 38970

Re: Electric Cars

The Japanese, like every other foreigner, who entered the Chinese market with JVs had to know full well they'd be thrown under the bus as soon as the Chinese figured out how to make an equivalent product themselves.
by AltaRed
12 Mar 2024 13:11
Forum: Taxing Situations
Topic: New T3 requirements for joint accounts [that might be bare trusts]
Replies: 175
Views: 35618

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

I agree the indication of a type 2 account would likely be what an algorithm would look for as a potential flag. JTWROS accounts are probably the most abused type of account there are as regards attribution of income, avoiding probate or POA, etc. I have no idea whether CRA may be starting to look at them or now and my interest here is strictly intellectual/academic as we have no JTWROS accounts beyond our household operating bank account.
by AltaRed
12 Mar 2024 13:06
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Best High Interest Savings ETF
Replies: 49
Views: 5201

Re: Best High Interest Savings ETF

To be clear, and not misunderstood, I said 'newcomer to FWF', not 'newbie investor' which you clearly are not. If you're comfortable with what is known and has been studied about it being 'time in the market' that makes a difference, not 'timing of the market', nothing wrong about that. The VectorVest text I just Googled "Time in the market may be more suitable for passive, long-term investors while timing the market can be a better fit for those who are more active and experienced in their investment approach" kind of makes sense to me. FWIW, I do not consider an unsubstantiated comment from VectorVest to be anything but a conflict of interest. They have a product to sell for those into Technical Analysis and momentum trading. Th...
by AltaRed
12 Mar 2024 12:44
Forum: Taxing Situations
Topic: New T3 requirements for joint accounts [that might be bare trusts]
Replies: 175
Views: 35618

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

I believe there is only one SIN on such a tax slip though. That and Recipient type being a 1 (Individual) or 2 (Joint) is likely all that the data banks see.
by AltaRed
12 Mar 2024 12:18
Forum: Financial News, Policy and Economics
Topic: Inflation
Replies: 988
Views: 153474

Re: Inflation

It is not surprising given the momentum continuing in the US economy including fiscal deficits and lower impact of interest rates on US housing.

Still, like Canada, there was an inflection point about mid-2023 where the rate of CPI Index changes began to flatten a bit and that will become somewhat of a factor in the latter half of 2024. How much remains to be seen.
by AltaRed
12 Mar 2024 12:06
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: BMO Investorline
Replies: 1268
Views: 196496

Re: BMO Investorline

mewmew wrote: 12 Mar 2024 12:01 I received the paper copy last week but yet to see it appearing on MyCRA.
Postings on MyAccount must show up in random mysterious ways. All my T5s from a range of FIs on MyAccount show a posting date of March 1st.
by AltaRed
12 Mar 2024 11:14
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Best High Interest Savings ETF
Replies: 49
Views: 5201

Re: Best High Interest Savings ETF

Maybe, maybe not. Who says the rates might be that low in the next year or two? Average inflation over the last 63 years was 3.8% and only slightly over 2.1% over the last thirty years. Without knowing the reasons why, that tells me that the next thirty years could be quite high, assuming a reversion to the mean. I was getting less than 1% at the start of the pandemic and I was in a similar cash position. I was able to buy real low when the pandemic hit the markets real hard. Was up about 42% then. Again at the start of the year, in a heavy cash position, I bought back in and was able to pull a 6.9% gain with my stock before cashing out. I’m not trying to time the market but I don’t like what I see in overall economic conditions. Seems to ...
by AltaRed
11 Mar 2024 22:50
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Best High Interest Savings ETF
Replies: 49
Views: 5201

Re: Best High Interest Savings ETF

What if it does not come until 2026 after the markets have moved up another 20%?

Your current 5.12% yield might be only 3% by the end of 2024 and maybe 1% by the end of 2025.
by AltaRed
11 Mar 2024 22:33
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: BMO Investorline
Replies: 1268
Views: 196496

Re: BMO Investorline

Haha....I just got mine today as well but do not care. I pulled it from MyAccount about mid-week last week. I shred paper copies
by AltaRed
11 Mar 2024 20:31
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Rebalancing my portfolio, problem with international exposure
Replies: 36
Views: 935

Re: Rebalancing my portfolio, problem with international exposure

heckler wrote: 11 Mar 2024 20:24 If you're looking for outperforming managed funds, let us know when you find one that outperformed the index over ten years!
Or better yet, what will out perform over the next 10 years! That is the kicker in managed products. It is a crap shoot.
by AltaRed
11 Mar 2024 19:54
Forum: Taxing Situations
Topic: EFT Limit for Tax Purposes
Replies: 18
Views: 590

Re: EFT Limit for Tax Purposes

I could go places with that thought.... but gifting at arm's length is not taxable income. AFAIK, there is nothing to report to the CRA.

Added: I presume this is related to your other thread? viewtopic.php?p=764221#p764221 where you could have continued the conversation.
by AltaRed
11 Mar 2024 19:17
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.
by AltaRed
11 Mar 2024 15:34
Forum: Under the Mattress: Protecting Your Money
Topic: CIBC and Simplii - Deceased person
Replies: 11
Views: 858

Re: CIBC and Simplii - Deceased person

What I find as a total gong show on these sorts of things, CIBC/Simplii has to be dealing with an estate every week, if not every day. After all, there are some 330k deaths each year, maybe half of which are going to have multiple accounts and institutions. One would think there would be a well oiled machine to handle this stuff.....but no, one is left to believe each and every instance is a foreign concept.

I don't recall having a major hassle with RBC (Royal Bank and RBC DI) some ~9 years ago with my mother's estate, but spouse's son went through the hoops for months a few years ago with TD on a rather simple estate.
by AltaRed
11 Mar 2024 14:26
Forum: Taxing Situations
Topic: T1135 Form
Replies: 246
Views: 33542

Re: T1135 Form

scorpionman wrote: 11 Mar 2024 14:23 Can you paper file T1 and Netfile T1135 at the same time?
I don't see why not as long as both are done before April 30th. I Netfile both the T1 and T1135 at the same time so don't know much of anything about paper filing anything* any more.

* Not quite true. I last paper filed a Final T1 return about 10 years ago.
by AltaRed
10 Mar 2024 22:34
Forum: Community Centre
Topic: Electric Cars
Replies: 601
Views: 38970

Re: Electric Cars

Marcus Aurelius wrote: 10 Mar 2024 21:24 Toyota's position would be stronger if they actually were making enough PHEV cars. Big Hat, No Cattle.
Ah, but I am pretty confident they will now that they know the demand is wanting. To my recollection, they seldom design and produce a product they don't think the marketplace will buy. There is always a lag time but i would not underestimate their ability to deliver. I am not a fan of most of their products and it has been a long time since I owned a Toyota but I have due respect for them.
by AltaRed
10 Mar 2024 20:33
Forum: Community Centre
Topic: Electric Cars
Replies: 601
Views: 38970

Re: Electric Cars

This CNN article on Toyota's PHEV vs BEV position doesn't say anything new BUT it does reinforce the need for some pragmatism and corporate sensibility not to hurtle headlong into a market that simply is not transitioning as fast as some idealists would like. It makes no sense to build what people are not yet buying (yet) and to forego what the real market is demanding. Toyota is taking all sorts of misplaced anger that will almost certainly be proven right in retrospect. It is no different than the bashing O&G is taking providing products people still want and need for decades to come. How long the transition will take is anyone's guess but it is measured in multiple decades.
by AltaRed
10 Mar 2024 17:56
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: BCE (Symbol-BCE)
Replies: 1857
Views: 285341

Re: BCE (Symbol-BCE)

They should have doing what Roger's has been doing. IIRC, no dividend increase for a number of years and they are stronger for it.
by AltaRed
10 Mar 2024 11:48
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: BMO Investorline
Replies: 1268
Views: 196496

Re: BMO Investorline

It probably will be one combined T5 (per corporate* entity) as I assumed a year ago. I do not have my 2023 T5 paper copy yet but I saw it on CRA MyAccount some days ago (simply says Bank of Montreal).

FWIW, Scotiabank combines the CAD and USD versions on a per corporate entity basis but they also say so on the back of the T5.

* as in Bank of Montreal entity. Another one would come from BMMC, etc. if you bought anything other than BMT104 and BMT124.
by AltaRed
09 Mar 2024 22:50
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Best High Interest Savings ETF
Replies: 49
Views: 5201

Re: Best High Interest Savings ETF

Why would you really care about differences of +/- 15bp or so? Chances are there will be variability between all of them from month to month, or quarter to quarter.