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by adrian2
19 Dec 2017 17:05
Forum: Under the Mattress: Protecting Your Money
Topic: Telephone scams
Replies: 51
Views: 3457

Re: Telephone scams

I just had an unpleasant experience. I received a phone call at my home number. I believe it was a taped message. There was a pause at the beginning and when I spoke to it at the end, there was no response from the speaker (just a click followed by nothing). He had a non-canadian accent and claimed...
by adrian2
19 Dec 2017 14:12
Forum: Property: Owning, Renting, Managing, Investing and Mortgaging
Topic: Housing Bust 2017
Replies: 342
Views: 14540

Re: Housing Bust 2017

I leave it to others to say whether this is a little or a lot. 3% to 7% of the total can certainly move the market. What the above figures don't tell is the (pretty common, anecdotally) situation where foreign money (say, from a rich parent or grandparent) is used by a Canadian resident to (over-)b...
by adrian2
19 Dec 2017 10:36
Forum: Taxing Situations
Topic: Tax Installments
Replies: 399
Views: 37698

Re: Tax Installments

Screenshot from Simplii:
simplii.png
by adrian2
19 Dec 2017 10:31
Forum: Retirement, Pensions and Peace of Mind
Topic: TFSA Contribution 2018
Replies: 72
Views: 3082

Re: TFSA Contribution 2018

northbynorthwest wrote:
19 Dec 2017 08:57
My TFSA has recently doubled in size to $135k after the passing of a loved one. I was the beneficiary.
Their TFSA assets were first liquidated to cash so the additional $68k in my TFSA is currently in cash.
Unless the loved one was your spouse, Houston, you have a problem.
by adrian2
19 Dec 2017 10:29
Forum: Retirement, Pensions and Peace of Mind
Topic: TFSA Contribution 2018
Replies: 72
Views: 3082

Re: TFSA Contribution 2018

Don’t forget also that inheritances will double or triple the size of TFSAs in an increasing number of cases going forward as TFSA holders die and their tax-free assets are transferred into the TFSAs of designated beneficiaries. Not the case for all beneficiaries. Rollover is relevant primarily for...
by adrian2
18 Dec 2017 15:40
Forum: Under the Mattress: Protecting Your Money
Topic: High interest rates for savings, GICs and MMFs (2017)
Replies: 463
Views: 32869

Re: High interest rates for savings, GICs and MMFs (2017)

It has been pointed out that when TD offered me an ePremiun savings account paying 2.5% interest till March 31 I was being targeted by them. I took advantage of the offer by transferring $50k from Tangerine. Just a reminder that Simplii (formerly known as PC Financial) offers everybody (no enrollme...
by adrian2
17 Dec 2017 18:02
Forum: Financial Planning and Building Portfolios
Topic: Norbert's gambit - Can$ to US$ or vice versa
Replies: 1217
Views: 171151

Re: Norbert's gambit - Can$ to US$ or vice versa

Besides the need to watch out for dividend dates, what are the pros and cons of using DLR versus using an interlisted stock such as Royal Bank (RY) to gambit? Say your gambit requires a nice round 1000 shares to trade. A penny spread for 1000 shares is $10, in addition to any commission. With DLR, ...
by adrian2
17 Dec 2017 14:58
Forum: Taxing Situations
Topic: Investment income in a CCPC
Replies: 922
Views: 77159

Re: Investment income in a CCPC

StuBee wrote:
17 Dec 2017 14:37
Koogie wrote:
17 Dec 2017 13:48
izzy wrote:
17 Dec 2017 12:35
My wife died last week :? :(
Condolences on your loss.
Indeed, I am sorry for your loss. May you receive comfort in this difficult time.
I'm sorry for your loss, too.
by adrian2
17 Dec 2017 12:00
Forum: Taxing Situations
Topic: Investment income in a CCPC
Replies: 922
Views: 77159

Re: Morneau updates Income Sprinkling

Does a Holdco (passive investments only - Opco has been closed) meet this requirement? There is no such thing as Holdco in the Income Tax Act. A CCPC is a CCPC is a CCPC. IOW, the answer to your question is "yes" (0 < 90). Are you quite sure of that interpretation ? I mean if so, isn't that a VAST ...
by adrian2
17 Dec 2017 09:28
Forum: Taxing Situations
Topic: Investment income in a CCPC
Replies: 922
Views: 77159

Re: Morneau updates Income Sprinkling

* Adults aged 25 or over who own 10 per cent or more of a corporation that earns less than 90 per cent of its income from the provision of services and is not a professional corporation. Does a Holdco (passive investments only - Opco has been closed) meet this requirement? There is no such thing as...
by adrian2
16 Dec 2017 18:17
Forum: Taxing Situations
Topic: Investment income in a CCPC
Replies: 922
Views: 77159

Re: Morneau updates Income Sprinkling

Today, the Government published details of its proposals to simplify and improve the treatment of income sprinkling, which are proposed to be in effect for the 2018 tax year and beyond. The Canada Revenue Agency (CRA) has also released guidance with respect to these measures. The revised measures a...
by adrian2
15 Dec 2017 13:41
Forum: Taxing Situations
Topic: Tax Installments
Replies: 399
Views: 37698

Re: Tax Installments

Almost forgot. Whew!! Use postdated transactions and then you can safely forget :wink: When we receive our notices, I set postdated transactions for the next two dates and then I don't have to worry about them any further. Yes, I could do that but would also have to post date a transfer into the ba...
by adrian2
14 Dec 2017 10:31
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Preferreds
Replies: 1157
Views: 84694

Re: Preferreds

In the Globe today "These Preferred Shares are Looking Particularly Attractive Now": https://www.theglobeandmail.com/globe-investor/inside-the-market/as-interest-rates-rise-so-too-will-preferred-shares/article37320877/ Lots of positive articles now the pref market has rebounded 29 percent! Article ...
by adrian2
14 Dec 2017 08:08
Forum: Retirement, Pensions and Peace of Mind
Topic: TFSA Contribution 2018
Replies: 72
Views: 3082

Re: TFSA Contribution 2018

OK Adrian. I admit that I have no interest in the impact on civil servants. Do you think my idea could be modified to prevent a further inequity? Sorry, no can't do. What's so bad with the current system? If we start, as a given, that DB/DC pensions are here to stay in the existing format, the RRSP...
by adrian2
14 Dec 2017 08:01
Forum: Financial Planning and Building Portfolios
Topic: Norbert's Gambit - which online brokerage is best?
Replies: 12
Views: 599

Re: Norbert's Gambit - which online brokerage is best?

My comments are for doing a NG with interlisted stocks, not DLR, it is (significantly) cheaper not to use DLR. Wonder what "significantly" comes to in practice. At Questrade buying DLR is free but you have to pay commission when you sell. If you use stocks for NG then there is commission to pay whe...
by adrian2
13 Dec 2017 18:10
Forum: Financial Planning and Building Portfolios
Topic: Norbert's Gambit - which online brokerage is best?
Replies: 12
Views: 599

Re: Norbert's Gambit - which online brokerage is best?

Also, can TDDI do that without any human assistance? I'm tempting to open another online brokerage account and considering which one to go with when I may have more NG transactions going forward. My comments are for doing a NG with interlisted stocks, not DLR, it is (significantly) cheaper not to u...
by adrian2
13 Dec 2017 16:44
Forum: Retirement, Pensions and Peace of Mind
Topic: TFSA Contribution 2018
Replies: 72
Views: 3082

Re: TFSA Contribution 2018

While we are wildly speculating, why not have the TFSA replace the RRSP? I could see an optional increase in TSFA limits based on foregoing RRSP room as an evolutionary step. I've answered the same question from you in the past: the RRSP system is well integrated with the pension plans, resulting i...
by adrian2
12 Dec 2017 14:27
Forum: Under the Mattress: Protecting Your Money
Topic: CIBC Online
Replies: 10
Views: 523

Re: CIBC Online

AltaRed wrote:
12 Dec 2017 13:36
Not for me as of this morning.
It works for me as of now.
by adrian2
12 Dec 2017 13:30
Forum: Under the Mattress: Protecting Your Money
Topic: CIBC Online
Replies: 10
Views: 523

Re: CIBC Online

Anyone having trouble accessing account information the past 2 weeks or so? I only have a CC with them the past few years but for the past ~2 weeks, there has been an online 'meltdown' in that no CC data is available. No balance data, no transaction data and no access to e-statements. Their secure ...
by adrian2
11 Dec 2017 17:56
Forum: Under the Mattress: Protecting Your Money
Topic: Quicken 2016 upgrade - feedback and comments
Replies: 75
Views: 4784

Re: Quicken 2016 upgrade - feedback and comments

bill2009 wrote:
11 Dec 2017 16:48
Is the US version of Quicken different than the Canadian version? I always assumed it was but maybe not.
A critical difference, IMO, is the proper calculation of capital gains and losses.
by adrian2
10 Dec 2017 21:19
Forum: Property: Owning, Renting, Managing, Investing and Mortgaging
Topic: Housing Bust 2017
Replies: 342
Views: 14540

Re: Housing Bust 2017

AltaRed wrote:
10 Dec 2017 20:55
IMO, housing use should be limited to shelter, not speculative investment. We would all be better off as a society.
And who, pray tell, would provide rental units? The benevolent state, who knows best?
by adrian2
05 Dec 2017 06:43
Forum: Financial Planning and Building Portfolios
Topic: Do bonds in RRSP/TFSA still make sense?
Replies: 36
Views: 2124

Re: Do bonds in RRSP/TFSA still make sense?

snowback96 wrote:
05 Dec 2017 02:19
It seems to me that the performance boost from "riding the yield curve" must be in both the benchmark and the ETF itself.
No, the benchmark does not include the boost from it.
by adrian2
05 Dec 2017 06:41
Forum: Financial Planning and Building Portfolios
Topic: Do bonds in RRSP/TFSA still make sense?
Replies: 36
Views: 2124

Re: Do bonds in RRSP/TFSA still make sense?

It made an 8.5 bp difference in my calculation...I think the cheapest bond ETFs are still higher than that in MER. Maybe in a more extreme example where there is a steeper bit of the curve being taken advantage of, it would work out better though. I have some doubts to the accuracy of your calculat...
by adrian2
04 Dec 2017 19:12
Forum: Financial Planning and Building Portfolios
Topic: Do bonds in RRSP/TFSA still make sense?
Replies: 36
Views: 2124

Re: Do bonds in RRSP/TFSA still make sense?

Back of the envelope, it counterbalances the MER and then some... Got it. Yeah the spread between 10y and 2y govis now is about 38bp. I just did the math and if you bought a 10y, sold it after 8 years at the current 2y rate (assuming 1.9% 10y and 1.52% 2y rates, as per Dec 1st yields on the BoC pag...
by adrian2
04 Dec 2017 14:55
Forum: Financial Planning and Building Portfolios
Topic: Do bonds in RRSP/TFSA still make sense?
Replies: 36
Views: 2124

Re: Do bonds in RRSP/TFSA still make sense?

On average, VAB should return more than the YTM - MER, due to the "ride-the-yield-curve" effect. This 'ride-the-yield-curve' effect is really cool, never heard of it before. Is this how it works?--Let's say 30yr bond yields 2.23% and 1 yr bond yields 1.36%. The yield curve is the curve between 1.36...