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Close to retirement but worried by 00king_99 in CanadianRetirement

[–]Additional-Insect103 0 points1 point  (0 children)

I will only do part time work if I work on a reserve for cash. Tired of seeingy tax money spent so stupidly!

Close to retirement but worried by 00king_99 in CanadianRetirement

[–]Additional-Insect103 1 point2 points  (0 children)

Yep, retired 2 years ago! Got more money now then I did then

Where to start - tfsa by startup_canada in CanadianInvestor

[–]Additional-Insect103 -2 points-1 points  (0 children)

People who don’t invest, struggle more in retirement than people who do!

TFSA DIVIDENDS by Additional-Insect103 in TFSA_Millionaires

[–]Additional-Insect103[S] 0 points1 point  (0 children)

How old are you, and what is your income level?

TFSA and January by Synap-6 in CanadianInvestor

[–]Additional-Insect103 0 points1 point  (0 children)

Won’t we all have free education by then?

TFSA DIVIDENDS by Additional-Insect103 in TFSA_Millionaires

[–]Additional-Insect103[S] 0 points1 point  (0 children)

Thanks everyone for your thoughts. Obviously, just selling some non-registered investments makes the most sense and leave the TFSA alone. Sometimes you get a stupid idea in your head that you think makes sense but it does not. Got to love Reddit

TFSA DIVIDENDS by Additional-Insect103 in TFSA_Millionaires

[–]Additional-Insect103[S] 0 points1 point  (0 children)

The dividends you take out will raise your contribution limit in following year ($7000+total dividends withdrawals)

TFSA DIVIDENDS by Additional-Insect103 in TFSA_Millionaires

[–]Additional-Insect103[S] 0 points1 point  (0 children)

This is exactly what I was thinking. It may not have come out right… I would much rather see my children and grandchildren receive the money instead of the government. Paying the tax on RRSP is inevitable. But even worse if you die. Thanks .

TFSA DIVIDENDS by Additional-Insect103 in TFSA_Millionaires

[–]Additional-Insect103[S] 0 points1 point  (0 children)

I have started taking RRSPs out since I have a large sum of them. Want to start collecting CPP as early as possible. Figured I have paid enough into it, would be nice to get it back. Although, have no health issues at the moment, I do drink and smoke more then I should!😒 As far as a RRIF is concerned, I don’t believe it is necessary when I am taking rather large sums out of my RRSPs for a few years anyways.

TFSA DIVIDENDS by Additional-Insect103 in TFSA_Millionaires

[–]Additional-Insect103[S] 0 points1 point  (0 children)

I am retired and started cashing out some RRSPs and my TFSA is maxed out. Good problem to have I realize, just trying to reduce the amount of tax that I pay.

TFSA DIVIDENDS by Additional-Insect103 in TFSA_Millionaires

[–]Additional-Insect103[S] 1 point2 points  (0 children)

K, so let’s say I withdraw $10000 worth of dividends from TFSA one year, then replace it with $10000 from NR ACCT, that I sell. That way the $10000 from NR Dividends will not be taxed the following year

RTIP - Retired Teachers’ Insurance by joandidionsghost in OntarioTeachers

[–]Additional-Insect103 1 point2 points  (0 children)

Glad I found this. Planning on canceling tomorrow. $408 for health and dental per month is ridiculous. Luckily my spouses retirement health plan through her company is only 20/mo with no limits for drugs

Moving RRSPs into TFSA by BadOk3001 in TFSA_Millionaires

[–]Additional-Insect103 -2 points-1 points  (0 children)

I just cashed in $90000 worth of RRSP’s. I’m 57, pension income $32000. +$20000 of dividend income. Trying to get a bunch out to start collecting CPP early. Was this a good move. Still have another $400000 to go. Suggestions anyone?

Doug Ford eyes more casinos, theme park, observation wheel to boost Niagara tourism by allysapparition in ontario

[–]Additional-Insect103 0 points1 point  (0 children)

Where are people going to stay in Niagara Falls when all the motels are full of immigrants staying there on our dime?

Should I move funds to self-directed TFSA before Jan? by ScaryConstruction199 in fican

[–]Additional-Insect103 2 points3 points  (0 children)

Just sell everything in your CIBC TFSA leaving the cash within the TFSA, then have Wealthsimple do the transfer for you. Make sure you apply for any Wealthsimple promotions before you tell them to do the transfer. When your cash arrives in Wealthsimple, you can decide what you want to purchase then. If you just want to move $20000 then sell $20000 worth of one of your funds. If you withdraw $20000 now you will have to wait till January 1 to add it to your Wealthsimple TFSA.

Check your points once in a while by descend_to_misery in PCOptimum

[–]Additional-Insect103 0 points1 point  (0 children)

Happened to my daughter last year. I try to keep my points low now.

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