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by AltaRed
09 Mar 2024 22:48
Forum: Retirement, Pensions and Peace of Mind
Topic: How are you actually using your TFSA?
Replies: 105
Views: 7395

Re: How are you actually using your TFSA?

OnlyMyOpinion wrote: 09 Mar 2024 22:41 I'm afraid I got stalled back at the $130,000 high yield income etf that generates $15,600/yr. Seemed like a spitballing exercise.
I didn't take those numbers seriously as they don't exist. I think it was a placeholder for discussion purposes.
by AltaRed
09 Mar 2024 17:01
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Add VBG?
Replies: 2
Views: 153

Re: Add VBG?

Short answer: No.

Longer answer: Holdings at 5% or less of the portfolio are really not enough to move the needle in any meaningful way. Further I would not own any high(er) yield bond fund that tends to act just like a high yield equity in bad times. Own the common equities instead. Even the investment grade corporate bond market froze up in the GFC and in March 2020.

Added: For better clarity, I probably should have also said there is not nearly enough risk premium being paid by an aggressive high yield bond fund to make up for the significant downside when markets go south.
by AltaRed
09 Mar 2024 16:53
Forum: Retirement, Pensions and Peace of Mind
Topic: How are you actually using your TFSA?
Replies: 105
Views: 7395

Re: How are you actually using your TFSA?

Note that any & all "in kind" high-yield dividend ETF transfers I would make from my non-registered account to my TFSA would not generate any capital gains tax, since the market price of those ETF units is lower than the price I bought them for. High-yield dividend ETFs tend not to appreciate much in market value, but they sure give you a ton of income. Passive Income Investing can be transformative, but I suppose it's not for everyone. We will have to agree to disagree. There can be a delicate balance between yield and share price appreciation and when the latter stalls, that is time to get out of Dodge. It is a death spiral. Separate from that, 'transfer ins' at a capital loss is a loss of valuable tax loss due to the super...
by AltaRed
09 Mar 2024 16:14
Forum: Retirement, Pensions and Peace of Mind
Topic: How are you actually using your TFSA?
Replies: 105
Views: 7395

Re: How are you actually using your TFSA?

Actually I do see the point now. I had missed the point about 'in kind' transfers in the initial post. This isn't the first time I did not read a post correctly. :oops:

To the extent the 'in kind' transfers to the TFSA do not trigger as much tax from cap gains as the non-taxed passive income from the transfer out of passive income, rbreeze would be ahead. It is probably a good bet since the ACB of the 'in kind' transfers to the TFSA is not zero and thus the cap gain is not the full value of the transfer in.
by AltaRed
09 Mar 2024 15:43
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Best High Interest Savings ETF
Replies: 49
Views: 5207

Re: Best High Interest Savings ETF

queerasmoi wrote: 09 Mar 2024 15:35
chrisw wrote: 09 Mar 2024 13:19 PSA Net Yield is now 4.9%. Should be sort of expected with the recent OSFI changes.
Do those OSFI changes have less of an impact on an ETF like MNY compared to PSA? That might explain the crossover in net yield.
That is actually a good point. It is the underlying ISAs that are holdings in PSA that have been impacted by OSFI changes and not money market mutual funds which are the holdings of MNY
by AltaRed
09 Mar 2024 15:40
Forum: Retirement, Pensions and Peace of Mind
Topic: How are you actually using your TFSA?
Replies: 105
Views: 7395

Re: How are you actually using your TFSA?

^ You have no intention to touch your TFSA ever ? Are you growing your TFSAs just to leave it all to your kids? I'm into passive income investing, and what I've described makes a lot of sense, at least it does to me. What you say makes no sense IF what you withdraw this year in passive income, goes back in next year plus next year's contribution. That means you have the capacity to accumulate funds this year high enough to replace those withdrawals plus add next year's contribution. Why take out X this year with the left hand just to put it back next year with the right hand? IOW, TFSA-$15600 this year -----> TFSA+$15600+$7000 next year. If you leave it alone and instead do TFSA this year ---->TFSA+$7000 next year for exactly the same resu...
by AltaRed
09 Mar 2024 12:25
Forum: Retirement, Pensions and Peace of Mind
Topic: How are you actually using your TFSA?
Replies: 105
Views: 7395

Re: How are you actually using your TFSA?

Yes, but why would you want to do that? Keep it all in the TFSA to begin with.
by AltaRed
09 Mar 2024 11:18
Forum: Community Centre
Topic: Electric Cars
Replies: 601
Views: 38971

Re: Electric Cars

It seems like that was quite a religious experience. EVs certainly have their place but they are not a panacea for every application. I think Toyota is right in saying a number of propulsion technologies will co-exist for a very long time.
by AltaRed
08 Mar 2024 19:45
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Best High Interest Savings ETF
Replies: 49
Views: 5207

Re: Best High Interest Savings ETF

optionable68 wrote: 08 Mar 2024 19:10 Wealthsimple Cash account pays me 5.0% with no bid/ask spread
So does DYN6004 ISA and some MMFs, but it seems Queerasmoi is focused on cash ETFs... which may be a function of perhaps being at Questrade or QTrade. What is best depends on what brokerage one is at.
by AltaRed
08 Mar 2024 16:16
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Best High Interest Savings ETF
Replies: 49
Views: 5207

Re: Best High Interest Savings ETF

So it appears BUT that was during a time of mostly increasing interest rates and the relative performance of bank deposits vs commercial paper (MMFs). Not sure about how that will play out as interest rates start to come down.

I perceive banks not to be charities voluntarily so I would be tempted to eliminate the middleman (bankers) in the flow diagram, i.e. the holdings of PSA, and trust the flow through commercial paper market better going forward. In some ways though, it is a bit OCD, or anal retentive if one prefers, looking at minor differences in yield. They are the same in my opinion.
by AltaRed
08 Mar 2024 15:48
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Best High Interest Savings ETF
Replies: 49
Views: 5207

Re: Best High Interest Savings ETF

The latter is closed to new ETF creation units so any market demand for it could?should? result in its market value straying from NAV. Today it is showing a premium of $110.76 to NAV of $110.0696. Buyers today would be taking a capital risk buying it at a premium to NAV and that premium could disappear not too far down the road if interest rates start decreasing.

I do not need capital risk in my cash component and thus would not touch it for that reason alone.
by AltaRed
08 Mar 2024 14:56
Forum: Financial Planning and Building Portfolios
Topic: Stocks versus ETFs
Replies: 102
Views: 6203

Re: Stocks versus ETFs

The debate has been going on here as long as the forum has been operating. There's pros and cons for each point of view and that is likely never going to converge.
by AltaRed
08 Mar 2024 14:28
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Best High Interest Savings ETF
Replies: 49
Views: 5207

Re: Best High Interest Savings ETF

I suppose on a technical basis, I should like MNY better because its underlying holdings are based on what I believe are flow through money market funds rather than paper and deposit rates set by banks in PSA but the yields are so close that it would seem non-productive to fret over which one to have. For all intent and purpose, they are a wash.
by AltaRed
08 Mar 2024 12:50
Forum: Taxing Situations
Topic: Capital Gains splitting?
Replies: 7
Views: 365

Re: Capital Gains splitting?

No, but they can ask for the documentation if the algorithm flags it and any split should be consistent with the way recurring investment income was filed in past years.
by AltaRed
08 Mar 2024 11:30
Forum: Taxing Situations
Topic: Capital Gains splitting?
Replies: 7
Views: 365

Re: Capital Gains splitti

Mudcrab wrote: 08 Mar 2024 11:22 PS I see Bylo’s advice to send CRA a letter explaining how & why the capital gains are being split. Personally, I would never send CRA an unsolicited letter about anything like this. Get your ducks in a row so that you can defend your filing position if you need to & leave it there.
Agreed!
by AltaRed
08 Mar 2024 00:12
Forum: Taxing Situations
Topic: Capital Gains splitting?
Replies: 7
Views: 365

Re: Capital Gains splitting?

runningman wrote: 08 Mar 2024 00:06 I'm recently retired and have lived by passive low cost investing for years. Buy and hold has been my mantra. For the first time, I'm beginning to sell some ETF's and stock holdings in our joint taxable account.

Is it possible to split capital gains with a spouse? Or must it be one taxpayer filing?

Thanks
Attribution is no different for realization of capital gains than it is for income off the same holdings. It is in proportion to the capital provided by each joint account holder to buy the holding in the first place.
by AltaRed
08 Mar 2024 00:09
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Buying individual stock on US vs CDN exchange
Replies: 6
Views: 262

Re: Buying individual stock on US vs CDN exchange

My intuition would only say the sponsor of the CDRs does not do this for free. You probably should read the prospectus. Perhaps start here https://www.cboe.ca/en/services/raising ... y-receipts
by AltaRed
07 Mar 2024 23:02
Forum: Community Centre
Topic: Nurse Practitioners / Physician Assistants
Replies: 90
Views: 2221

Re: Nurse Practitioners / Physician Assistants

What some pharmacies are now doing is they are automatically sending faxes with no input from patients. This is the type of thing that bothers me about renewing prescriptions at a pharmacist. If I go to the doctor and get a renewal, they physically see me and we talk and they may ask me the right questions that provokes them to look further and discover something that would not be noticed by the pharmacist who has no medical diagnostic training. ltr Perhaps it varies by province. I do not know but we have not done anything like that here. I wouldn't do a prescription renewal through a pharmacist without at least a 1-2 minute phone appointment with my GP. Even when I wanted to get the RSV vaccine due to my respiratory condition AND it could...
by AltaRed
07 Mar 2024 22:39
Forum: Community Centre
Topic: Day hikes in the Canadian Rockies
Replies: 19
Views: 530

Re: Day hikes in the Canadian Rockies

nisser wrote: 07 Mar 2024 22:06 If you stick to the "highly recommended" hikes in their book, you probably won't go wrong but they also happen to have an "avoid these" section which had a lot of misses. If you post your fitness level/hike demands/wants I can give you a short list for the trip that won't disappoint.
The general consensus in our hiking group of a decade plus ago was that the book had a lot of misses.
by AltaRed
07 Mar 2024 16:12
Forum: Community Centre
Topic: Day hikes in the Canadian Rockies
Replies: 19
Views: 530

Re: Day hikes in the Canadian Rockies

Waterton is a good 2.5 hr drive from Calgary and the Kenow fire burned an awful lot of it, including most hiking trails. I would suggest a 'pass' on that one given how many alternatives are available.
by AltaRed
07 Mar 2024 13:34
Forum: Financial Planning and Building Portfolios
Topic: email e transfer question
Replies: 8
Views: 653

Re: email e transfer question

I am not aware of any Interac e-transfer vehicle that won't disclose name, personal or company name, etc.

Added: It might be possible if Auto-Deposit is not? enabled but I am not aware of it.
by AltaRed
07 Mar 2024 13:33
Forum: Community Centre
Topic: Day hikes in the Canadian Rockies
Replies: 19
Views: 530

Re: Day hikes in the Canadian Rockies

I second the Stanley Glacier hike mentioned in Kootenay NP. There are a few others in that vicinity too such as Floe Lake. The first thing to sort out is how physical (length and/or elevation) one wishes to be.
by AltaRed
07 Mar 2024 12:45
Forum: Community Centre
Topic: Day hikes in the Canadian Rockies
Replies: 19
Views: 530

Re: Day hikes in the Canadian Rockies

Book that "B&B" really soon or there will be nothing available. You did not say it but I assume you are looking to hike in the foothills/mountains and if so, a good base would be Canmore if you can find accommodation. Banff is overcrowded both for trail hiking and accommodation. There are many trails and trailheads accessible from a Canmore base in Kananaskis Country on the eastern slopes of the Rockies in Alberta Parks. Eample links Alberta Parks and 22 Beautiful Hikes . When I was a weekly mountain hiker pre-move to BC, our hiking group hiked more of these trails than any in Banff National Park or environs. Added: For much of Kananaskis Country, a B&B along the western edge of Calgary or Cochrane or Bragg Creek would als...
by AltaRed
07 Mar 2024 10:07
Forum: Taxing Situations
Topic: GIC Taxation
Replies: 27
Views: 1599

Re: GIC Taxation

willowberry wrote: 07 Mar 2024 10:04 Interesting, I got a T5 from TDDI for interest earned on a US HISA - they converted it to CDN on the T5.
I doubt it was TDDI that issued that T5. Perhaps TDAM or TD Bank, but regardless, some banks do the conversion on tax slips and especially if it is a consolidated T5 with both CAD and USD versions of, for example, ISA holdings. It is easier for them to issue one T5 than two of them.

BMO (bank) did that for BMT ISA holdings as BNS (Scotiabank) did for DYN ISA holdings, but neither BMOIL nor Scotia iTrade consolidated T5s for the CAD and USD sides of equities in investment accounts. IOW, it depends on the specific issuer.
by AltaRed
07 Mar 2024 09:56
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Buying individual stock on US vs CDN exchange
Replies: 6
Views: 262

Re: Buying individual stock on US vs CDN exchange

That Disney CDR price in CAD should, for the most part, simply track the USD price using the current forex rate. The CDR provides Canadians with the opportunity to own Disney stock without first converting their currency into USD paying commissions to do so. It is an effective way for the retail investor who doesn't know how to, or have access to, or does not wish to, minimize their forex exchange costs through Norbert's Gambit or similar. That said, the sponsor of the CDR makes money off that at your expense. Hedging vs non-hedging is a strategy to either tie (hedging) or not tie (not hedging) the value of the USD to the loonie (or better said, the value of the loonie to the USD). The loonie is the 'tail of the dog' here. If you are a stro...