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  1. Investing
    Hi there! I'm looking to buy mutual funds at either TD or CIBC; however I already own tax-deferred accounts at RBC (1 TFSA and 1 RRSP). How should I go about setting my funds within either of these accounts? Will I be able to combine them or will I have to start a new tax-deferred account at...
  2. Real Estate
    Next year I will be looking to buy my first property since becoming resident in Canada, but I have owned a principal residence in the last 4 years in the UK. My banker in Canada seems to think I am still eligible for the Home Buyers Plan RRSP, meaning that I can put $35k into an RRSP, then take...
  3. Taxation
    Hi All, Soon I will become a 'non-resident for tax purposes' because I got married and will be moving to my wife's home country. However, a few years ago I bought my house using the HBP. I've been paying it back slowly (annual minimums), but I now realize that once I declare myself a...
  4. Taxation
    Hi I have group rrsp option from my employer I deferred my 2018 bonus to 2019 and part of my bonus (lets say X ) went to RRSP directly with out any tax cuts myCRA already has this X amount of contribution slip Now im trying to submit my taxes using simpletax/turbotax and I selected to import...
  5. Retirement
    Hi all, I've got a RRSP question that I'm not sure how it works. So here is an example... I have a few dividend stocks in an RRSP account. Let's say I turn 65 and need to withdraw these. I don't want to sell them. Can I do a transfer in kind to a non-registered account and pay the government out...
  6. Investing
    Following is on the MAWER website FAQ **************** We recommend that investors hold the Balanced Fund in tax sheltered accounts (RRSP, SPRRSP, TFSA, RRIF, LIF, etc), and hold the Tax Effective Balanced Fund in non-registered, fully taxable accounts. **************** I do not understand why...
  7. Investing
    My income last year was at 43% marginal tax rate. I have a TSFA of about 20K that I want to use it against my principal at the time of refinancing my mortgage in 2.5 years. When I opened the TSFA last year I was hoping I could get better than my current 2.54% mortgage rate but with the drop of...
  8. Investing
    Hi Everyone, I am new to the realm of investments. Although I have a TFSA, I feel embarrassed for not having opened any pension plan (RPP) or retirement plan (RRSP) in my 2 years of work in Canada. I have come across ManuLife DC RPP offered to employees at my current company. My organization...
  9. Investing
    Thinking about this and wondered if anyone might have implemented it, and how it went. From my RSP or RIF redeem investments and set up a self directed first mortgage on principal residence. Use the proceeds to invest in an non registered investment, like a growth ETF or M Fund. It would...
  10. Investing
    Hi, I approached my company before opening an RRSP account with RBC. Company HR said that if I didn't open one with Standard Life, then the contributions would be after-tax money! It came as a shock. Up until now, I thought only before-tax money has to be contributed into RRSP so that at an...
  11. General Personal Finance Talk
    Hi everyone, I've recently accepted a job in California so I'll be moving there from Toronto. In total I will have been there < 183 days since I'll be moving in mid-August. I had a few questions about tax implications on my investment accounts and income taxes and would really appreciate any...
  12. Taxation
    Sorry, I wasn't sure if this belongs to the investing or taxation forum, but it seems most relevant to taxation. The Situation: Let's say I decided to quit my day job since i'm nearing retirement anyways. And I plan to just live off my investments profits (mostly growth and dividend stocks) in...
  13. Investing
    Hi, I recently sold my USD holdings in my RRSP and now would like to redistribute the (+some additional) cash (about 30%). After cashing out the USD holdings, I have about the following distribution: 30% cash 30% fixed income (mostly short term bonds) 8% Canadian Equitites 20% US Equities 8%...
  14. General Personal Finance Talk
    Hi, I am a Canadian Citizen physically residing in Canada. I started working in the USA, I will be getting a W2 end of the year. I have only investment income in Canada. I have been contributing to RRSP while working in Canada over the years. The RRSP contribution room were calculated based on...
  15. Investing
    This is my first post, so please be easy on me :smile: I'm 40 yrs old novice investor, looking to build a simple portfolio of 2-3 etfs, my financials are as follows: - I have $300K in personal savings - I have $150K deferred income in my corporation (50/50 USD and CAD) - I own $130K of my...
  16. Investing
    Hello I wanted to get peoples' opinion on a strategy my wife and I were thinking about. Invest throughout the year in a TFSA (invested in ETFs using a similar model to the couch potato 2017 ETF sample portfolio) and then before tax season, withdraw the TFSA funds and put them into an RRSP...
  17. Investing
    Good day, I am sick and tired of my portfolio being depleted by fees from my fund management company. I have decided to look into a self directed RRSP, TFSA, and RESP. I have a couple questions that I apologize if they are answered a million times over in the forum, my brief look didn't uncover...
  18. Retirement
    I am 61 years old and currently have about $227K in my Locked in RRSP which was transferred when I retired and took the commuted value of my Pension. I understand that I can transfer 50% of the total amount in my Locked in RRSP account to a regular unrestricted RRSP account. My question is, is...
  19. Investing
    Hello all I have had a small amount of Riocan stocks in my RRSP Questrade account for a long time now. The stock yield (%5.24) is not bad but considering the current housing bubble looming, Do you think its better to hold, buy or sell? I know Riocan is mostly invested in commercial holdings but...
  20. Taxation
    Hi all, I need some help figuring out my RRSP contribution limit for my 2016 tax return. Is the following correct? I have a NOA for 2014 tax year for RRSP contribution limit of A I filed 2015 recently (yeah..now I know why NOT to file late!) - do I add ).18 of the net income for 2015 - assume...
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