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  1. non-registered taxable account in Canada for non-residents

    Investing
    I am a US resident and a Canadian non-resident for tax purposes. I have an RRSP (holding approx. 30K) which I am planning to cash out and maintain in a Canadian bank checking/Savings account. Is there a way I can invest in canadian stocks, ETFs (follow a DIY strategy) while being a US resident...
  2. RRSP or Investing Via TD E- Series + RRSP Contribution Limit Question HELP

    General Personal Finance Talk
    Hello Everyone.. I apologize if this has been covered here before, but I have two semi-related questions that i'm hoping you can help with: RRSP's : To date, i've contributed virtually nothing to RRSP's (Currently 30 now, shame on me). The way I read the CRA's website is essentially if I...
  3. TFSA & RRSP contribution room in 2014 after option expiry

    Investing
    Hi there, I took a gamble with the purchase of $1000 worth of call options in my TFSA this year; naturally they expired worthless. Is the contribution room automatically freed up for 2014, or do I need to do something in 2013 in order to free it up, i.e. have $5500 (normal contribution limit...
  4. Spousal RRSP being rolled into regular RRSP

    Taxation
    Hi there, My wife has a ~$2000.00 spousal RRSP account at TD waterhouse that holds one fund: golden opportunities. They are maturing quite soon (eight year maturity period) and can be redeemed or transferred or reinvested. I don't want to reinvest in golden opp and that's the only holding in...
  5. Spousal RRSP strategy for a stay-home spouse?

    General Personal Finance Talk
    Hi, I've recently found out about Spousal RRSPs and I was wondering if this tax deferment strategy is a valid one. I'm in a situation where my wife will be a stay home mom, therefore her income being $0, for the next 6 years and I'll earn about $90,000 a year. Since her income will be $0 for...
  6. RBC Mutual Funds for the long term

    Investing
    Hi All, My wife and I currently have the entire balance of our RRSPs invested in the "RBC Balanced Fund", which has a MER of 2.36%. We're both 30 years old and putting $325 a month into our individual RRSPs. Our research and planning so far consisted entirely of consultation with our RBC...
  7. Pension Contribution through RRSP?

    Taxation
    Hi, I had a question for which I could not get satisfactory answer through googling. So thought of posting in my faviourite forum. My company deducts between 1-6% of my salary (based on my choice) towards Pension contribution. My question is - Is that contribution through RRSP? I dont think so...
  8. What would you do: Rrsp transfer out or high commissions

    Investing
    Hi guys I'm a recent engineering grad and my company contributes to my RRSP. I have just about $5K in it right now. I use my earnings to pay off my credit card debt and rent so I haven't added much investment or RRSP contributions yet. Will be able to do that next month when I'm done paying off...
  9. GIC, RRSPs, TFSAs, HEEEELLP!

    General Personal Finance Talk
    Ok, here is our situation. I am a nursing student, soon to be graduated in 1.5 years at which point I will join the full time work force (oh joy!). My partner makes around $80,000/year. He does not like money talk, and until I came along had been accruing credit card debt. He struggles with...
  10. Structuring My Portfolio

    Investing
    Hello all, I have 3 self managed accounts at Questrade; RRSP,TFSA,Non registered. Looking to put the Couch Potato strategy into practice into each of these. I'm Looking for a simple self managed approach to balancing each with EFT's focusing on dividends, REITs, preferred shares and bonds. I'm...
  11. RRSP or TFSA

    Taxation
    I have read about RRSP and TFSA but want to ensure I am choosing the right option. I was a student so have ~40K of unused tution credit. My annual taxable income this year will be ~60K. I want to make ESOP contributions. So my (limited) knowledge tells me I should do this through TFSA and not...
  12. Early withdrawal from RRSP

    General Personal Finance Talk
    I am new to Canada and will be here for a couple of years. I have been advised to start contributing to RRSP, but going through various blogs, I am skeptical about the same since I will be here for a short time. So my query is: Suppose I contibute to the RRSP for a couple of years and then stop...
  13. Regular vs. Lump Sum Contributions

    Taxation
    I can't decide whether to do regular payroll deductions to by company's Registered Pension Plan, or single lump sum to my RRSP... Over the past few years I have maxed out my RRSP contribution room with a single lump sum contribution of my annual bonus. I have done this to avoid the heavy...
  14. ETF: US withholding tax hit in RRSP

    Taxation
    I want to hold US stocks or bonds in my RRSP, preferably through an ETF. I could simply buy a US ETF on a US exchange in my self directed RRSP. There will be no US withholding taxes on the dividends or interest. The only downside is I have to pay retail spreads to exchange CAD for USD when I...
  15. When to start an RRSP?

    General Personal Finance Talk
    Right now, I do not have an RRSP. I have very little taxable income, would it make more sense to just make some interest on my savings (tax free) and have more to contribute later? Obviously, either way I would not be claiming the deduction yet. Another thing to consider is I would probably...
  16. Moving US positions from TFSA to RRSP

    Investing
    G'day all. I've been doing some research but can't seem to find anything definitive. Does anyone know how I can go about moving some US positions from my TFSA to my RRSP? When I first purchased them I was just getting into handling my own investments, and didn't realize that the RRSP is the...
  17. Use of Money Advice

    General Personal Finance Talk
    Good Afternoon! I am hoping to get some feedback from the group on how I should best utilize a chunk of money. I currently have an accumulated balance of about $25k sitting in a bank account (which I know is not a productive use for it!). My question is what would you do? I have a loan at 4%...
  18. Help wanted with a new ETF portfolio...

    Investing
    Newbie investor, 57, mortgage paid, 250K equity in investment real estate, 300K RRSP, 15K in a GIC TFSA and 60K in cash. I am creating a new portfolio and would appreciate any help you could provide in the way of comments, ideas and suggestions on the following 300K ETF RRSP I created based on...
  19. RRSP and TFSA together?

    Investing
    I've recently been reading the debate (banter?) that has been going on in this thread and was wondering does it not make sense to have both an RRSP for long term holds and a TFSA that can be used to realize short term goals? Granted many people cannot meet there full contribution room each year...
  20. Difference between RSP & RRSP

    Investing
    I've seen some stuff that says there is a difference and other things says they are exactly the same. Is there any actual difference? Does the plan RSP have any tax advantages?
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