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  1. Investing
    Time to start my first TFSA. I want to pick one or more ETFs with somewhat risky portfolios. As I know little about tracking them, I think a passive management strategy would be best. It seems that WealthSimple and Questrade are the recommended investment firms, for reasons of cost and number of...
  2. Taxation
    I read this article, The Wrong Way to Think About Withholding Taxes | Canadian Couch Potato, on the CCP blog, and while it was quite helpful, I still don't know how withholding taxes themselves work. The article has made it clear that more important factors exist in making decisions like what...
  3. Investing
    So for several years I have been giving money to my parents to help pay off their mortgage. They have recently paid it off and I still give money as it is part of our culture and I feel it is my duty to give back for all they have done throughout my life. Since they have paid it off, they are...
  4. General Personal Finance Talk
    Hey everyone. Hope you're all staying safe. I'm not really sure where to start in terms of my finances. So I'll write out my current life and financial situation in general. I'm 36 years old, single, have an online business that pays the bills but barely covers my expenses. I try to live...
  5. Taxation
    Hi Guys i became a canadian permanent resident in 2017 with the target of moving here in 2019 when my spouse finished her studies . i landed here in 2017 for a few days and returned to US and my spouse stayed in canada for her studies , in 2019 December i moved here from NJ and am staying here...
  6. Taxation
    If I transfer my stock earnings into my TFSA would it save me from paying taxes on it?
  7. 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...
  8. Investing
    I started company matching my TFSA about a mojth ago. Is it a bad decision, not only it is a bear market, also the future of job security is not clear as well. What would you do?
  9. New Member Introductions
    Hello Everyone! Im a little late to the investing game but my wife and I have started to save a very small amount every month in a TD TFSA account. We have a tonne of contribution room in both our TFSAs and RRSPs. We currently have just under $900 in the account and I haven't invested the...
  10. Taxation
    When my son graduated from university three years ago, he left Canada and claimed non residence for the past 3 years. He is now back to Canada. He never has TFSA account bfefore. I am wondering if TFSA room he was eligible before he left Canada is still available to him. Thanks in advance.
  11. Investing
    I have no idea how this happened, but in 2018 I made two $5500 contributions to my TFSA, one in Feb and one in March. That put me $5500 over the limit. I just received a letter from CRA notifying me of this (more than a year later!). I'm sure there are penalties involved, which I will try to...
  12. Investing
    Assumption: Margin income tax rate: 43% Dividend yield of international ETF ( ZSP or ZEF): 2.0% Fund: $50000 Taxable Account vs TFSA Dividend 1000 vs...
  13. Investing
    I'm trying to advise a young person on long term investing. I'm very much a drip investor. I like how when the market is sinking you don't need to panic because you'll get your dividends reinvested at a lower price and maybe pick up even more shares. So for me, it helps to protect myself from...
  14. General Personal Finance Talk
    My fixed mortgage at 2.69% is up April 2020 where lump sum payments dont affect current interest payments. I have 15k sitting in my chequings account and 8k in a cheesy lowest interest ever TFSA. I have seen GIC ads for 3% interest for a one year term and am curious if I would be better off...
  15. Taxation
    I loaned money from my tfsa in 2012. It was supposed to be for 6 months but the loan was not repaid until 2017. There is interest income to report. Can I deduct the income tax on this interest income as a carrying charge? If the money was not loaned it would have grown tax free within the...
  16. Retirement
    Hi Folks, Newcomer to the Forum (and loving what I am seeing so far). I am 50, looking to retire in 5 years. Wife is 48 and looking to retire in 10 years. Combined income of 325k (25/75) I have been debating on whether or not to put the following into action: • Deplete TFSAs (combined...
  17. General Personal Finance Talk
    Hi all, Thank you for reading my post and sharing your opinion. I am 27 and have 50k that I would like to invest for my retirement. Call it a ~30-35 year investment. The money is now 'sleeping' in my TFSA, not invested for now. After a bit of shopping and following Buffet's advice for people in...
  18. Investing
    It's soon to be that time of the year. Your 2018 TFSA contribution. This year I am leaning heavily on purchasing $5500 worth of BIP.UN. What are you looking at doing?
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