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by adrian2
04 Dec 2017 14:50
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. Assuming rates rise in the future, right? Or are you talking about something else? No, it's assuming a normal yield curve, in which longer bonds yield more than shorter ones. No changes in the yield cur...
by adrian2
03 Dec 2017 15:44
Forum: Taxing Situations
Topic: RRSP Overcontribution
Replies: 7
Views: 317

Re: RRSP Overcontribution

bill wrote:
03 Dec 2017 15:30
adrian2 wrote:
03 Dec 2017 15:03
bill wrote:
03 Dec 2017 12:10
Many thanks, that sounds like this isn't too big of a hassle.
T1-OVP will be a bitch to fill out...
Thanks. It's separate from tax return, yes? Tax SW won't fill this out for me I assume.
You're welcome. Yes and yes (I've linked it upthread).
by adrian2
03 Dec 2017 15:03
Forum: Taxing Situations
Topic: RRSP Overcontribution
Replies: 7
Views: 317

Re: RRSP Overcontribution

bill wrote:
03 Dec 2017 12:10
Many thanks, that sounds like this isn't too big of a hassle.
T1-OVP will be a bitch to fill out...
by adrian2
03 Dec 2017 11:57
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?

Anyone consider GICs a bond substitute in RRSP/TFSA? Vanguard VAB yield to maturity is 2.3%, less 0.1 for MER and you pocket 2.2% You can get five year GIC today for 2.76% (BMO Investorline quote, boutique firms may offer higher). That's a bonus return of 25%. Better credit quality to boot because ...
by adrian2
03 Dec 2017 11:54
Forum: Taxing Situations
Topic: RRSP Overcontribution
Replies: 7
Views: 317

Re: RRSP Overcontribution

What I can't figure out is what happens in 2018. If I leave the $ in the account, does it just reduce my contribution room for 2018? I'm assuming I can't deduct the extra $5k in 2017, then would it reduce my contribution room in 2018 as well? December 2017 will be the last month in which you'll acc...
by adrian2
03 Dec 2017 11:43
Forum: Under the Mattress: Protecting Your Money
Topic: Where to park USD cash?
Replies: 29
Views: 836

Re: Where to park USD cash?

Koogie wrote:
02 Dec 2017 21:33
I read the prospectus and it says CIB483 (and the other CM MM funds) isn't subject to a minimum holding period. Also true ?
Correct.
by adrian2
02 Dec 2017 13:14
Forum: Taxing Situations
Topic: RRSP Overcontribution
Replies: 7
Views: 317

Re: RRSP Overcontribution

You don't need to write and explain, you just need to pay the penalty (1% of the overcontribution in excess of $2k, per month). The form you need to fill is kind of complicated, so make sure you follow the instructions. As for removing the excess, it's already December; next month you'll get new RRS...
by adrian2
28 Nov 2017 12:15
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)

Re: Simplii Attempted to link TangerineHISA-Simplii. Not possible unless the external account is a chequing account (according to customer rep: a "void" cheque is always necessary to confirm the link, another peculiarity with Simplii-not-so-simple :roll: ). Odd since I have non-chequing external ac...
by adrian2
28 Nov 2017 12:11
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: XIC vs VCN...time to change?
Replies: 20
Views: 4971

Re: XIC vs VCN...time to change?

Eligible dividends in Ontario increased from 33.82% to 39.34% from 2015 to 2016 at the top rate as one example and similar increases at lower incomes. This is a combined increase of both the federal and provincial parts. At the same time the top income tax rate went from 49.53 to 53.53. You are cor...
by adrian2
28 Nov 2017 06:03
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: XIC vs VCN...time to change?
Replies: 20
Views: 4971

Re: XIC vs VCN...time to change?

Eligible dividends in Ontario increased from 33.82% to 39.34% from 2015 to 2016 at the top rate as one example and similar increases at lower incomes. This is a combined increase of both the federal and provincial parts. At the same time the top income tax rate went from 49.53 to 53.53. You are cor...
by adrian2
26 Nov 2017 13:01
Forum: Property: Owning, Renting, Managing, Investing and Mortgaging
Topic: Prepayment questions
Replies: 16
Views: 610

Re: Prepayment questions

1. a payment is composed of interest and principal and early in your amortization period you are paying mostly interest in your payments 2. Increasing your monthly/biweekly payment amount or frequency means still paying interest 3. Lump sum payments however are directly off the principal; i.e. no i...
by adrian2
21 Nov 2017 14:38
Forum: Under the Mattress: Protecting Your Money
Topic: Would you pay an annual fee to join a loyalty program?
Replies: 9
Views: 503

Re: Would you pay an annual fee to join a loyalty program?

optionable68 wrote:
20 Nov 2017 20:59
Koogie wrote:
20 Nov 2017 18:24
Perhaps Loblaws is banking on a certain level of consumer ignorance..
Based on my last trip to Loblaws, the typical Loblaws customer may not be overly price aware.
Then I'm not their typical customer, while shopping there multiple times a week.
by adrian2
05 Nov 2017 07:28
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Small Stock Investing.
Replies: 10
Views: 559

Re: Small Stock Investing.

Thegipper wrote:
04 Nov 2017 21:38
Touche Carde
:rofl: (sorry, could not resist!)
by adrian2
05 Nov 2017 07:23
Forum: Under the Mattress: Protecting Your Money
Topic: Equifax credit score dropped for no apparent reason
Replies: 19
Views: 607

Re: Equifax credit score dropped for no apparent reason

RBC has a neat feature. If you have an account - any type it seems - you have access to your TransUnion Credit score. The link is right at the main page showing your account(s). This also gives you a few on-line reports, list of cards in use, limits and $$ owing etc. Almost worth keeping a small ac...
by adrian2
05 Nov 2017 07:18
Forum: Retirement, Pensions and Peace of Mind
Topic: CPP maximums for 2018
Replies: 3
Views: 471

Re: CPP maximums for 2018

Dogger1953 wrote:
04 Nov 2017 20:16
Apparently the above link didn't work. Try this one.
https://www.canada.ca/en/revenue-agency ... -ympe.html
Thanks, Doug!

As the corresponding numbers get published, please update the CPP benefit rate table.
by adrian2
03 Nov 2017 10:40
Forum: Under the Mattress: Protecting Your Money
Topic: Equifax credit score dropped for no apparent reason
Replies: 19
Views: 607

Re: Equifax credit score dropped for no apparent reason

Canada Post uses Equifax to verify your identity when forwarding your mail. I have tried to use it for 3 years and always been rejected. It seems that I do not know enough about how Equifax works. Go to the Equifax website and ask for a free copy of their report. They'll make you mail/fax some ID f...
by adrian2
02 Nov 2017 23:27
Forum: Taxing Situations
Topic: US resident inheriting property from Canadian mother
Replies: 21
Views: 939

Re: US resident inheriting property from Canadian mother

twa2w wrote:
02 Nov 2017 22:36
Uh, you are replying to a thread that is over a year old. Not sure if the OP is active on the board anymore.
memberlist.php?mode=viewprofile&u=11394

Joined: 26 Sep 2016, 22:04

Last active: 19 Oct 2016, 12:43
by adrian2
02 Nov 2017 20:58
Forum: Taxing Situations
Topic: Would it be wise to take capital gains in this situation?
Replies: 12
Views: 455

Re: Would it be wise to take capital gains in this situation?

Well, as a long time hedger of investments I would suggest you generate some 'tax free' capital gains this year to burn off half the capital losses you are presently holding. Hang on to the remainder of your losses to mitigate any surprise capital gains in the future which may move you to a higher ...
by adrian2
02 Nov 2017 18:50
Forum: Taxing Situations
Topic: Would it be wise to take capital gains in this situation?
Replies: 12
Views: 455

Re: Would it be wise to take capital gains in this situation?

Rolling forward capital losses only helps if you move into a higher tax bracket. You have 2 offsetting factors: 1. The role of inflation and 2. The possibility of a reduced CG exemption. If it were me, I would take them now. A bird in the hand! Take them now if you have capital gains to neutralize....
by adrian2
02 Nov 2017 18:48
Forum: Taxing Situations
Topic: Would it be wise to take capital gains in this situation?
Replies: 12
Views: 455

Re: Would it be wise to take capital gains in this situation?

....My question is, should I sell some of my Canadian dividend stocks now, generate the capital gain and then offset this with my capital losses? I would then reinvest the funds as per my investment statement. If you are invested in Canadian index funds, you will likely be allocated some capital ga...
by adrian2
02 Nov 2017 13:07
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: North American financial split co. (Symbol - FFN.TO)
Replies: 33
Views: 832

Re: North American financial split co. (Symbol - FFN.TO)

shellybear wrote:
02 Nov 2017 12:43
Selling shares that are available from an offering is not considered shortselling. Why were not all the shares sold in the offering considered shortsold ?
They are short sales if the underwriters sold some shares before the settlement date of the offering.
by adrian2
02 Nov 2017 10:18
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: North American financial split co. (Symbol - FFN.TO)
Replies: 33
Views: 832

Re: North American financial split co. (Symbol - FFN.TO)

Where did you read that the underwriters received that much stock at that big of a discount? The modus operandi of an offering is that the underwriters (e.g., TDW, Action Direct etc) buy in bulk all the offered shares from the company's treasury and then distribute those shares to their clients. Fo...
by adrian2
02 Nov 2017 09:28
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: North American financial split co. (Symbol - FFN.TO)
Replies: 33
Views: 832

Re: North American financial split co. (Symbol - FFN.TO)

Shares acquired in the offering were priced at 9$ and appears majority of the shorts (looking at the volume trades) was on Oct 5 at an average sale price of 8.80 or so. So covering with shares acquired is a losing proposition. Over 7% of the OS share count was shortsold and the only volume that was...
by adrian2
02 Nov 2017 09:20
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: What did you Buy? What might you buy? (2017)
Replies: 532
Views: 53199

Re: What did you Buy? What might you buy? (2017)

I will never buy Reuters for their refusal to use the word "terrorists" in their news stories, and just labeling them "militants". :twisted:
by adrian2
02 Nov 2017 09:13
Forum: Under the Mattress: Protecting Your Money
Topic: Equifax credit score dropped for no apparent reason
Replies: 19
Views: 607

Re: Equifax credit score dropped for no apparent reason

I am new to the country (came from Europe) and had no credit history yet. I opened a secured Mastercard with RBC with a limit of $1000 to start building up my credit history. This single creditcard is all I have with regards to loans. I have no other debts, no car loans, no mortgage no nothing. Jus...