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I don't use any of the CAD ISAs in non-registered accounts. All that cash sits in places like EQ Bank. I only have one ISA currently and that is a USD one in my non-registered account. I collect USD and when there is enough accumulated, and it is not used for USD spending, I use an NG to convert it.

I don't see any point in having CAD ISA (or cash) sitting in a brokerage account.
 

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Discussion Starter · #4 ·
^
... I don't see any point in having CAD ISA (or cash) sitting in a brokerage account.
... I don't disagree but then that's an opportunity cost in the event of a market crash ... lol.

Seriously ... those are accumulated dividends and interests and I'm lazy.
 

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"HISA - Remember, the 'H' is silent!"

We use TDB8150 in a couple of accounts to store spare cash. It pays 0.45%. We use it for the convenience, not the return. The return is better than 0%. That is all that can be said for it.

We have a 1 year GIC and a 2 year, to bump cash out into the future. This year's cash sits in 8150.
 
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We use TDB8150 in a couple of accounts to store spare cash. It pays 0.45%. We use it for the convenience, not the return.
Yeah, I also use TDB8150 as all my investments are at TDDI. TDB8150 actually pays 0.60%, but I'm not fussed about the rate, I just want it to be maximum convenience. I usually keep a few years expenses there all the time, and when it gets too high, I invest it in whatever my allocation demands. I use to play the HISA game, but I'm long finished with that once I decided convenience was more important than a few dollars.

ltr
 

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TDB8150 was paying 0.45% just a few days ago and it was as low as 0.25%. TD has been pretty stingy with their rates. Their GIC rates are lagging the other big banks. I haven't look in the last few days but the rates in TDDI have been horrible...
 

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I think all the banks are going to be stingy on paying savings interest on the way up. This is one of those "freebies" for them. They immediately raise the prime rate for all borrowing, but drag their feet raising deposit rates.
 

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I am not going to blame the banks for being stingy on the deposit front given the socialists have decided profitable banks and insurance companies are not good for Canada (and for shareholders, mutual fund holders, ETF holders, pension funds, etc.). The banks need to claw their increased tax burden somehow.
 

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Discussion Starter · #16 ·
I am not going to blame the banks for being stingy on the deposit front given the socialists have decided profitable banks and insurance companies are not good for Canada (and for shareholders, mutual fund holders, ETF holders, pension funds, etc.). The banks need to claw their increased tax burden somehow.
... no doubt, in order to keep up with inflation for them multi-million dollars bonuses. Not for the minions of course.

And also them banks were pleasantly surprised the tax hit was 40% less than what the Libs had pledged. Probably won't make a dent even. Business as usual on the customers with semi-annual fees "updates" (aka increases), like clockwork.
 

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like_to_retire said:
Can you explain what that is?
Leverage debt in a margin account … a modest negative cash balance to absorb incoming dividend income and cash flow… it is both more profitable and more tax-efficient than having a pile of cash laying around in the account … then as the debit balance dwindles to near nothing, buy something new to bring it back up again … this is during accumulation stage of course … a different approach may become necessary when we switch to removing money rather than adding it.

I do have non-reg cash, but not in a brokerage account.

I do carry a cash balance in RRSP brokerage accounts, and use the “house” HISAs there, but my impression was that the OP was asking about non-reg accounts.
 
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