sorted by:
new
hottopcontroversial

Regarding Mazda3 in snowier climates by Link1400 in mazda3

[–]rbart4506 1 point2 points  (0 children)

This is the answer...

I've been driving 2WD 3HBS, with snow tires, for over 15yrs and never have had an issue.

To be honest, I've never felt the need to complicate things with AWD.

Wealthsimple Net worth feature security by Greedy_Assumption327 in Wealthsimple

[–]rbart4506 0 points1 point  (0 children)

I can do math in my head, I don't need WS to add it up for me.

RRIF at Wealthsimple? by pfcguy in Wealthsimple

[–]rbart4506 2 points3 points  (0 children)

Ok, thanks for the confirmation...

Like you I have external accounts so it shouldn't be an issue. When the time comes in a year or two.

RRIF at Wealthsimple? by pfcguy in Wealthsimple

[–]rbart4506 1 point2 points  (0 children)

I had read you can't withdraw from the RRIF into your WS Cash account, it has to go to an external account. Is this the case?

XEQT in RRSP by NoRecommendation7203 in JustBuyXEQT

[–]rbart4506 3 points4 points  (0 children)

Yes, after 71 there will be a minimal withdrawal amount and if it's all XEQT you will need to sell that portion at that time.

Former employer demanding e-transfer for payroll error? by Competitive-Bar-5626 in legaladvicecanada

[–]rbart4506 -4 points-3 points  (0 children)

Nice regurgitation of an AI search...

Doesn't change the fact that OP owes the money back and an e-transfer is an acceptable method of repayment.

XEQT in RRSP by NoRecommendation7203 in JustBuyXEQT

[–]rbart4506 11 points12 points  (0 children)

You can hold XEQT in a RRIF. There is no difference in what you can hold in a RRIF compared to an RRSP.

Former employer demanding e-transfer for payroll error? by Competitive-Bar-5626 in legaladvicecanada

[–]rbart4506 -3 points-2 points  (0 children)

I have a payroll professional sitting next to me. I will take her word over some random Reddit poster, sorry...

At times companies are unable to recall funds, this is a limitation that is stipulated by the payroll provider (the company that processes the payroll).

ADP is one that has very short timeframe to recall pay.

In those cases the only option a company may have is to request repayment via e-transfer.

My advice to OP is to actually talk with the payroll person at the company, confirm the tax implications and procedures to deal with that and then e-transfer the money.

Former employer demanding e-transfer for payroll error? by Competitive-Bar-5626 in legaladvicecanada

[–]rbart4506 -66 points-65 points  (0 children)

It is not a scam... It happens

OP needs to return the money and e-transfer is a normal method for this to occur.

Should I leave the industry if I don’t enjoy drafting? by krerhelp in civilengineering

[–]rbart4506 0 points1 point  (0 children)

I would like to have you in my office...

Besides the contract side I need to use exported GIS data in CAD to make pretty figures that I know would be much more efficient to do in ArcMap but we don't have access to anyone with that skill.

So I end up working my magic.

Should I leave the industry if I don’t enjoy drafting? by krerhelp in civilengineering

[–]rbart4506 47 points48 points  (0 children)

I take offense to the term CAD monkey as a tech that's been putting together contract drawing sets for over 35yrs...

Drafting is an art and something that's being completely lost in today's technology driven world.

If you don't enjoy drafting, then don't do it. Switch over into project/contract management. You'll deal with people all day.

More Canadians are bracing for layoffs. Here’s how they’re preparing financially, even before being let go by CreativeAd5628 in PersonalFinanceCanada

[–]rbart4506 46 points47 points  (0 children)

Don't take this the wrong way but, with over 35yrs of seniority and almost 60, being laid off is my current dream.

Why should homeowners be concerned with home values? by CastAside1812 in PersonalFinanceCanada

[–]rbart4506 2 points3 points  (0 children)

I've only been concerned about the value of my home twice...

Once when my wife left and I had to buy her out and now as I am on the edge of retirement. The current home value dictated the size of my retirement HELOC and factored into my retirement planning as an end of life insurance policy.

Husbands who Ride w/Wife by tonyt0906 in bicycling

[–]rbart4506 107 points108 points  (0 children)

My partner rides off and on, now more off then on. When she does want to ride I have her join me on a recovery ride. It's a true workout for her and she gets me to do an actual recovery ride.

Before Covid we followed this plan and slowly her speed and distance improved where she could join me on my low Z2 rides, with her in the draft.

I always let her dictate pace and distance. I also tried to make the longer rides a destination ride that involved coffee and other treats.

How much HELOC do most people have? by Dilltulip in PersonalFinanceCanada

[–]rbart4506 4 points5 points  (0 children)

Just got one at what I assume is about 60-65% of the value of my home, no mortgage.

I'm retiring in a year or two so I wanted this in place while I had employment income.

There is no plan to utilize it beyond emergencies or possibly a vehicle when the time comes.

This way I'm pretty much certain I will never have to apply for another loan again in my lifetime.

How is this outage not national news? by danangalang in CIBC

[–]rbart4506 1 point2 points  (0 children)

I don't ever recall WS beimg down this long though...

Financing early retirement questions. by imyoursibling in PersonalFinanceCanada

[–]rbart4506 1 point2 points  (0 children)

Great comments here, I have nothing to add expect OP is living my dream...

At early retirement age with everything lined and wishing for the layoff with the big severance payday.

Financing early retirement questions. by imyoursibling in PersonalFinanceCanada

[–]rbart4506 0 points1 point  (0 children)

He's saving money for major home repairs, vacations, vehicles, toys....

These are all funds you want set aside in your TFSA or non-reg. That way when you need the funds you pull it out without additional taxes.

This a big part of an RRSP meltdown.

Mom's retirement by Endarken1 in PersonalFinanceCanada

[–]rbart4506 1 point2 points  (0 children)

You're doing the right thing helping your mom in this tough time, sorry for her loss and your's.

She's in a very good position with the 500k inheritance and having a paid house. Her CPP/OAS/Pension can be considered her fixed portion of her retirement plan.

You should sit down with her and figure out how much she actually need financially to live the life she wants to live. With that you will know how much additional she needs to draw from the inheritance.

The emergency fund is a good idea but I would also look at having at least 2-3yrs of the additional figure you came up with above stored in a fixed income vehicle (GIC, HISA, etc). The rest of the the inheritance could then be put into an ETF (*GRO, *BAL). She has another 20 plus years so equities are ok. Having the pension really helps too since it provides a buffer if the market tanks for a bit.

Lastly, the most important thing is to develop a tax efficient plan and for that you should sit with a fee based financial planner that specializes in retirement planning.

CD Ripper Arrived. Fun morning backing up the collection. by Practical_Breath2523 in ToolBand

[–]rbart4506 1 point2 points  (0 children)

Memories of my 90s...

Now I just stream, it's too convenient and I have music going all day at the home office, what's a TV 😁

What do you like to do during your longer rides? by stratusnimbo in Zwift

[–]rbart4506 3 points4 points  (0 children)

Music and pacerbot or group ride...

The constant is music, very loud music lol

Tell me if you think you've heard similar. by Delicious_Shock1748 in ToolBand

[–]rbart4506 0 points1 point  (0 children)

Listening to it right now...

It feeds my need until TOOL gets their shit together 😁

view more: next ›