Search found 4148 matches

by newguy
14 Jul 2016 21:11
Forum: Property: Owning, Renting, Managing, Investing and Mortgaging
Topic: Housing Bust 2016
Replies: 641
Views: 30960

Re: Housing Bust 2016

I think you had better read that again. The passage you quote applies more to a resident of Canada who leaves to live in another country. Well if you read the entering Canada section, it says go read the leaving Canada section. I'm not saying it's definitive, I just said it was one criteria they lo...
by newguy
14 Jul 2016 14:47
Forum: Property: Owning, Renting, Managing, Investing and Mortgaging
Topic: Housing Bust 2016
Replies: 641
Views: 30960

Re: Housing Bust 2016

. Note that anyone with dependent family in Canada is considered a tax resident in Canada regardless of where they are. Any references to back that up. It's just one criteria (albeit an important one) in determining residency. http://www.cra-arc.gc.ca/tx/tchncl/ncmtx/fls/s5/f1/s5-f1-c1-eng.html Sig...
by newguy
11 Jul 2016 20:54
Forum: Taxing Situations
Topic: Gifting Property
Replies: 9
Views: 502

Re: Gifting Property

OhGreatGuru wrote:However, an appraisal should be made of the property at the time of transfer -this becomes the son's "deemed acquisition cost".
I think that should be done at a change in use, ie. if he decides to rent it out or something.

newguy
by newguy
11 Jul 2016 19:40
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: XCS in Vanguard ETFs!
Replies: 8
Views: 655

Re: XCS in Vanguard ETFs!

https://www.vanguardcanada.ca/individual/mvc/detail/etf/overview?portId=9561#overview Vanguard FTSE Canada All Cap Index ETF seeks to track, to the extent reasonably possible and before fees and expenses, the performance of a broad Canadian equity index that measures the investment return of large-...
by newguy
11 Jul 2016 18:24
Forum: Financial News, Policy and Economics
Topic: Clippings 2016
Replies: 189
Views: 13850

Re: Clippings 2016

Folks, it is not advisable to pay the "CRA" in iTunes gift cards through Snapchat... I mean... I felt a slight amount of sympathy that this person was new to Canada, but... who in their right mind thinks that the tax authority of a country is going to take payment in iTunes gift cards through Snapc...
by newguy
11 Jul 2016 18:11
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: XCS in Vanguard ETFs!
Replies: 8
Views: 655

Re: XCS in Vanguard ETFs!

It would've been probably faster for you to look on ishares site than posting such question ! :thumbsup: BTW, google is almost always quicker than FWF for answers, but the members here are 'usually' more friendly. They may even expand on simple answers with new ideas. For instance, VCN is an all ca...
by newguy
11 Jul 2016 18:00
Forum: Taxing Situations
Topic: Gifting Property
Replies: 9
Views: 502

Re: Gifting Property

http://www.fin.gov.on.ca/en/bulletins/ltt/10_2000.html The Act does not exempt gifts of land from land transfer tax. However, if on a conveyance there is no consideration passing in any form whatsoever (either directly or indirectly) between the parties, then no tax is payable. Since the rate of tax...
by newguy
04 Jul 2016 23:04
Forum: Under the Mattress: Protecting Your Money
Topic: to buy new or used car?
Replies: 1231
Views: 60557

Re: to buy new or used car?

You think *you* have all-wheel drive? Since the radii of a specific circle of rubber changes, it has to be pretty stretchy. I don't see how highway speeds are possible. There are some forklifts (and toys) that do this already with really weird roller wheels. I've always though spheical wheels would...
by newguy
04 Jul 2016 22:41
Forum: Financial News, Policy and Economics
Topic: Things to worry about
Replies: 87
Views: 7786

Re: Things to worry about

I really don't understand the derivatives market, or how it is related to sovereign debt, but it sounds ominous. Is this another financial "black box" or is someone able to explain what $500 trillion in derivatives actually represents? First of all, I seriously doubt the $100 trillion sovereign deb...
by newguy
24 Jun 2016 01:41
Forum: Financial News, Policy and Economics
Topic: Things to worry about
Replies: 87
Views: 7786

Re: Things to worry about

gsp_ wrote:FTSE 100 futures down 10%, DAX futures down 9.5%.
Luckily :roll: SP(ES U6) has a 5% overnight limit. I saw it locked at 1999, but I can't believe it's traded off that. No worries, limits gone at the open. The 20% limit takes it down to 1682.

newguy
by newguy
21 Jun 2016 23:49
Forum: Property: Owning, Renting, Managing, Investing and Mortgaging
Topic: Housing Bust 2016
Replies: 641
Views: 30960

Re: Housing Bust 2016

I think it was George's sig which said "the plural of anecdote is not data". All we have about foreign ownership is anecdotes. These do not add up to data. That's just a saying, or reminder to be vigilant. In many instances anecdotes do add up to data, and we do have more than anecdotes, it's just ...
by newguy
21 Jun 2016 17:53
Forum: Property: Owning, Renting, Managing, Investing and Mortgaging
Topic: Housing Bust 2016
Replies: 641
Views: 30960

Re: Housing Bust 2016

I find the extent of denial about foreign ownership by (impartial) observers somewhat puzzling. It's not denial if there's no data. It's not NO data, just incomplete data. There's nothing wrong with making conclusions based on incomplete information. Most conclusions 'probably' are. As long as you ...
by newguy
21 Jun 2016 17:44
Forum: Retirement, Pensions and Peace of Mind
Topic: Credit Scores for free
Replies: 64
Views: 3775

Re: Credit Scores for free

cedeebee wrote:we were not able to verify your identity. :/
Maybe take off your sunglasses!
by newguy
21 Jun 2016 15:18
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Placing orders from the road
Replies: 8
Views: 433

Re: Placing orders from the road

Which would be a more secure connection to my broker over the hotel WiFi: a W10 browser web page or a smartphone app? The weaknesses are different so it depends on the user. Wifi is most susceptible to MITM, but it's possible, like patriot says, for the cable guy to intercept wired traffic. I think...
by newguy
21 Jun 2016 13:55
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Placing orders from the road
Replies: 8
Views: 433

Re: Placing orders from the road

It's almost impossible for your bank connection to be hacked just because you're in a hotel. I say 'almost' because an unaware user could easily be hacked. If you use a modern browser, and don't ignore certificate warnings, and check for https: (the s is important), and don't install a dodgy certifi...
by newguy
07 May 2016 10:56
Forum: Taxing Situations
Topic: capital gains on US currency
Replies: 67
Views: 1783

Re: capital gains on US currency

Is there a definition of "disposition". Yes but it's around a page long. http://laws-lois.justice.gc.ca/eng/acts/I-3.3/page-271.html#h-157 disposition of any property, except as expressly otherwise provided, includes (a) any transaction or event entitling a taxpayer to proceeds of disposition of th...
by newguy
09 Apr 2016 15:14
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: VCN vs XIC Dividend Yield Difference
Replies: 38
Views: 3149

Re: VCN vs XIC Dividend Yield Difference

Longinvest, Those numbers are only valid for a short time. Expect them to equalize.

This is the last 4 dividends divided by the current price.
download.png
VCE divs is what fwf was worried about in the link I posted earlier.

newguy

ps. python code on request
by newguy
09 Apr 2016 07:55
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: VCN vs XIC Dividend Yield Difference
Replies: 38
Views: 3149

Re: VCN vs XIC Dividend Yield Difference

If you're investing for the long term, these differences will all eventually disappear. Note that with the recent reduction in XIC's mer it may attract more money that will cause the same problems as with VCN. Also, fresh money at higher prices reduces the capital gains problem.

newguy
by newguy
09 Apr 2016 07:51
Forum: Financial News, Policy and Economics
Topic: The rich got richer
Replies: 85
Views: 10184

Re: The rich got richer

Human sacrifice helped ancient societies entrench class divide, study suggests - Technology & Science - CBC News Watts and his colleagues found that ritual human sacrifice was relatively uncommon among egalitarian societies, with only about a quarter of them engaging in it. But the vast majority of...
by newguy
08 Apr 2016 13:45
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: VCN vs XIC Dividend Yield Difference
Replies: 38
Views: 3149

Re: VCN vs XIC Dividend Yield Difference

XIC is the oldest fund (except the untalked about XIU) and as such will have the most capital gains. Also, it was created around the 2001 low so it's probably all capital gains. The other funds were created at higher prices and will have less.

newguy
by newguy
07 Apr 2016 21:50
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: VCN vs XIC Dividend Yield Difference
Replies: 38
Views: 3149

Re: VCN vs XIC Dividend Yield Difference

Most of the effect is probably the same as this.

viewtopic.php?p=497035#p497035

newguy
by newguy
02 Apr 2016 15:53
Forum: Under the Mattress: Protecting Your Money
Topic: Phishing & Spoofing Alerts - Please Do Not Link Directly
Replies: 118
Views: 13607

Re: Phishing & Spoofing Alerts - Please Do Not Link Directly

The best solution is to report them to your email provider. The best solution is to learn how to recognize this kind of stuff and ignore it. It's the one thing you/we can do to help others who can't recognize it. The email provider will put an alert or place it in the spam folder if enough people r...
by newguy
02 Apr 2016 11:18
Forum: Under the Mattress: Protecting Your Money
Topic: Phishing & Spoofing Alerts - Please Do Not Link Directly
Replies: 118
Views: 13607

Re: Phishing & Spoofing Alerts - Please Do Not Link Directly

It's a waste of time to report these to any agency. Think about it, has it slowed them down any? Years ago I used to fwd them to RBC? I think as they're the only ones who ever sent an automated thank you. The best solution is to report them to your email provider. GMail knows about all of them and I...
by newguy
13 Mar 2016 19:02
Forum: Financial News, Policy and Economics
Topic: Guaranteed annual income
Replies: 36
Views: 1746

Re: Guaranteed annual income

If we scrapped CPP, EI, Welfare, OAS, GIS, and myriad provincial programs like Alberta's AISH what would happen? I'd also scrap RRSP, TFSA, RESP, CTTB, UCCB, pension plans, minimum wage, every tax credit, every tax bracket.... well everything. You'd need a real living wage like 15k per adult and 5-...