Search found 8669 matches

by adrian2
29 Jul 2017 10:17
Forum: Taxing Situations
Topic: TFSA/Royal Bank/ CRA problem.
Replies: 5
Views: 444

Re: TFSA/Royal Bank/ CRA problem.

Royal Bank bought Ally bank in 2013 and does not know how to report correctly to CRA transfer of my TFSA account. I withdrawn money from Royal bank and deposited again next year in another bank according to contribution’s limit. I got a letter from CRA about over contribution. Royal bank does not h...
by adrian2
27 Jul 2017 15:10
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Alimentation Couche-Tard (Symbol-ATD.B)
Replies: 104
Views: 9936

Re: Alimentation Couche-Tard (Symbol-ATD.B)

It should read - Britain plans to ban sales of gas and diesel in 2040, unless during an election in the late 2030's this plan proves highly unpopular. In which case the plan can be scrapped. I would actively work to defeat such a monument of stupidity, and vote for any party that promises to scrap ...
by adrian2
27 Jul 2017 15:06
Forum: Financial Planning and Building Portfolios
Topic: I really could use some feedback and help...
Replies: 51
Views: 1858

Re: I really could use some feedback and help...

Lower MER makes a splitting hair difference if you are into 2 decimal points. 5 yr trailing return. SPY=15.04% NAV, VOO=15.13% When things are approximately equal, I always use Vanguard products in order to reward them for pioneering ultra low cost investing, and forcing other companies to follow s...
by adrian2
27 Jul 2017 13:30
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Convertible debenture
Replies: 12
Views: 771

Re: Convertible debenture

Hydro One's $1.4 Bln Bought Deal Sells Out Quickly Underwriters had little trouble selling Hydro One's (H.TO) $1.4-billion bought deal, which was announced last week with the utility's $4.4-billion acquisition of U.S.-based Avista Corp., the Globe & Mail reported. The entire allocation of convertib...
by adrian2
27 Jul 2017 13:21
Forum: Taxing Situations
Topic: Investment income in a CCPC
Replies: 854
Views: 72496

Re: Investment income in a CCPC

nisser wrote:
27 Jul 2017 12:10
P.S. I think you're just arguing for the sake of arguing. Your initial argument was "shareholders" but when people pointed out how stupid that is, you go on another tangent.
*plonk*
by adrian2
26 Jul 2017 21:55
Forum: Taxing Situations
Topic: Investment income in a CCPC
Replies: 854
Views: 72496

Re: Investment income in a CCPC

I'm a proponent of everyone being able to income split with their spouse up to a certain arbitrary amount/minimum living wage. It just makes sense. Let me guess: you are part of the section of population where one has a spouse, but has no (adult) children. Your example with civil servants would onl...
by adrian2
26 Jul 2017 21:05
Forum: Taxing Situations
Topic: Investment income in a CCPC
Replies: 854
Views: 72496

Re: Investment income in a CCPC

Correct me if I am wrong. Is it not true that passive CCPC income in all its forms is already taxed to a greater extent than if the same amount and types of income were declared on personal income? And is it not true that, upon withdrawal, adjustments are made in order to correct for this excessive...
by adrian2
26 Jul 2017 13:06
Forum: Taxing Situations
Topic: Investment income in a CCPC
Replies: 854
Views: 72496

Re: Investment income in a CCPC

o what? Either a person is a child or is not. Don't start with the premise that income sprinkling (love this new term :evil: ) to children is bad, and in the next breath mention a 28 year old "child". Why exactly are you fighting this losing battle? Income splitting with your spouse who's presumabl...
by adrian2
25 Jul 2017 23:36
Forum: Taxing Situations
Topic: Investment income in a CCPC
Replies: 854
Views: 72496

Re: Investment income in a CCPC

I'm all for the cutting of dividend sprinkling to children. That shit was retarded and was used solely to funnel money to children and avoid tax; anyone defending it on the basis of "shareholders" is being unreasonable. Dividends to children were already taxed at a punitive rate for some two decade...
by adrian2
25 Jul 2017 18:34
Forum: Taxing Situations
Topic: Investment income in a CCPC
Replies: 854
Views: 72496

Re: Investment income in a CCPC

I'm all for the cutting of dividend sprinkling to children. That shit was retarded and was used solely to funnel money to children and avoid tax; anyone defending it on the basis of "shareholders" is being unreasonable. Dividends to children were already taxed at a punitive rate for some two decade...
by adrian2
25 Jul 2017 14:02
Forum: Retirement, Pensions and Peace of Mind
Topic: Credit Scores for free
Replies: 64
Views: 3442

Re: Credit Scores for free

fraser wrote:
25 Jul 2017 11:02
We now get our credit scores free on CIBC mobile banking platform. Just click, wait a few moments, and your credit score will appear.
See the post just above yours! :P
by adrian2
22 Jul 2017 09:15
Forum: Financial Planning and Building Portfolios
Topic: I really could use some feedback and help...
Replies: 51
Views: 1858

Re: I really could use some feedback and help...

frankrom wrote:
21 Jul 2017 21:37
You are saying you can deposit the whole $50k up front and then just claim the $2500 a year?
Yes, you can deposit the whole $50k upfront, and no, in that case you can only claim $2500 once.

How to get the biggest bang for your buck from your RESP
by adrian2
21 Jul 2017 13:29
Forum: Taxing Situations
Topic: Investment income in a CCPC
Replies: 854
Views: 72496

Re: Investment income in a CCPC

Moneybags Morneau reprimands rich people for having brains Aaaack! What did the federal finance minister just say? Did he really just discover that rich people take advantage of complexities in the tax code to pay less? Can’t anybody here play this game? [...] Here’s what Morneau actually said: “Ma...
by adrian2
20 Jul 2017 16:18
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Hydro One IPO (H-TSX)
Replies: 23
Views: 2231

Re: Hydro One IPO (H-TSX)

Day summary:
Open: $21.40
Low: $21.32
High: $22.85
Close: $22.67 up $0.14

Congratulations to those who bought at or near the open!
by adrian2
20 Jul 2017 08:22
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Hydro One IPO (H-TSX)
Replies: 23
Views: 2231

Re: Hydro One IPO (H-TSX)

Why not buy Hydro One? it might go on sale tomorrow. I have had an order to buy TSE:H for $20/share for quite some time now and I might adjust it even lower. Wondering if this acquisition is already baked in H's price or we see a nice drop tomorrow. One can always dream of nice sales ahead! :P Pre-...
by adrian2
16 Jul 2017 22:13
Forum: Under the Mattress: Protecting Your Money
Topic: Full name on TD Credit Card receipts
Replies: 8
Views: 477

Re: Full name on TD Credit Card receipts

melo wrote:
16 Jul 2017 19:59
I just wanted to know if any of you have had your full name appear on your credit card receipts. Any concerns?
Long time ago, they used to take an imprint of the credit card on big piece of paper, which you had to sign.
It had your name, credit card number and expiry date.
by adrian2
16 Jul 2017 08:58
Forum: Retirement, Pensions and Peace of Mind
Topic: Investment changes in retirement
Replies: 132
Views: 4243

Re: Investment changes in retirement

I think there's a lot of underestimating on here about how long equities can show negative real returns. I mean historically in some major countries out there it's been basically an investor's entire lifetime. Canada just happens to be one of the few lucky countries of the world that has done reall...
by adrian2
13 Jul 2017 09:08
Forum: Under the Mattress: Protecting Your Money
Topic: Life Insurance
Replies: 5
Views: 366

Re: Life Insurance

I'm a 34 y.o male and I want my assets to go to my brothers if I were to pass away. Right now they would be taxed significantly upon death so I'm looking to offset that with life insurance. I'm questioning your premise. Let's say that as of today you own a million in assets, and if you die now your...
by adrian2
13 Jul 2017 08:27
Forum: Retirement, Pensions and Peace of Mind
Topic: [finiki] Guaranteed Income Supplement (GIS)
Replies: 30
Views: 4652

Re: [finiki] Guaranteed Income Supplement (GIS)

the difference between someone who never worked a day in their life and someone entitled to a max CPP pension of 13k (but didnt save anything else) is about 4 grand. Doesn't affect me so carry on :beer: How is this different than observing the difference between somebody with the max CPP pension, a...
by adrian2
13 Jul 2017 07:49
Forum: Retirement, Pensions and Peace of Mind
Topic: [finiki] Guaranteed Income Supplement (GIS)
Replies: 30
Views: 4652

Re: [finiki] Guaranteed Income Supplement (GIS)

Surely you mean GIS. Well only if you want to get all technical about it. :) Either way it still ends up netting them about 25cents for every dollar of CPP. A thought experiment for you: Redo your "clawback" / MTR calculations for the same person if he's not residing a Canada. In such a case, there...
by adrian2
12 Jul 2017 06:55
Forum: Taxing Situations
Topic: Effective Marginal Tax Rate
Replies: 39
Views: 4966

Re: Effective Marginal Tax Rate

According to the table; at $28,000 or less a household of one gets $540 for the year. At $28,001 they would get nothing. That's a 54,000% tax on the additional dollar! Only an idiot who doesn't understand taxation would design such a thing. (Sorry for the rant, but this is just too much). A Wynne/w...
by adrian2
11 Jul 2017 19:57
Forum: Taxing Situations
Topic: Effective Marginal Tax Rate
Replies: 39
Views: 4966

Re: Effective Marginal Tax Rate

What exactly is "after tax income"?

[Rhetorical section]
Look at a tax return and describe it to me, line such and such.
Does it take into account the HST credit? The Ontario Trillium benefit? The CCTB? RRSP contributions?
[/Rhetorical section]

The road to hell is paved with good intentions.
by adrian2
11 Jul 2017 07:38
Forum: Under the Mattress: Protecting Your Money
Topic: High interest rates for savings, GICs and MMFs (2017)
Replies: 411
Views: 26262

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

Pushing money from Tangerine (some day Monday ... Wednesday) results in a one day loss at 3% (money disappears from Tangerine on, say, Monday, and gets credited at the other end on, say, Tuesday. There would be a one week hold at Tangerine for the money pulled on Friday, so the same money cannot be...
by adrian2
10 Jul 2017 22:19
Forum: Under the Mattress: Protecting Your Money
Topic: High interest rates for savings, GICs and MMFs (2017)
Replies: 411
Views: 26262

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

Wondering... Can't this be taken advantage of every weekend (not just for moving promo-money once), switching money back and forth between accounts (offering decent rates, of course)? For example, going forward, would it not be more profitable to move money between Tangerine account earning 3% and ...