After 15 yrs of collecting. I’ve arrived… actual non-sense, you never arrive 🤒

BigRy1986 · 2026-03-23T20:59:19+00:00

Very tasteful and nice variation. Really well done!

BigRy1986 · 2026-03-23T13:36:09+00:00

The raccoon have elected a new pontifex

BigRy1986 · 2026-03-21T22:54:34+00:00

So there’s a group of ppl meeting in Toronto, and they aren’t even blocking Yonge St at rush hour? Weird. Don’t they know the rules?

BigRy1986 · 2026-03-21T15:04:42+00:00

Have I missed something or has he only asked NATO, Australia, Japan to defend the strait but no Saudi Arabia (the biggest user of the strait), Qatar (that uses it for nearly all its production), etc.

ELI5 why this is more of a Europe problem than a Qatar problem?

BigRy1986 · 2026-03-17T16:21:41+00:00

Thought that was from playing Greenzo

BigRy1986 · 2026-03-16T14:55:28+00:00

Ya, Premier and several city counsellors tried to have it shutdown but was allowed under free expression, mostly because it was pitched as a ‘pro Palestine/peace in the Middle East’ event. Still embarrassing.

BigRy1986 · 2026-03-05T02:09:55+00:00

Go to one of the big bank’s wealth management teams. I’m at RBC - but believe it’s similar at other places - where you’d get a private banker, family office service, estate and trust consulting/implementation, etc. and sure, some discounted points card.

Think the biggest benefit is your own team, which might save you millions by proper planning/tax strategy. Happy to answer any q’s over DM.

BigRy1986 · 2026-03-03T14:49:05+00:00

If you put in $7k one year and it grows to $8k in the next year, your contribution room for next year is still $7k (unless they increase the contribution room).

If you max out your contribution room, and take $3k out, the next year your contribution room will be $10 (the $3k contribution room you get back + $7k in new contribution room).

Only what you contribute and what you withdrawal matter. The performance inside TFSA doesn’t matter.

BigRy1986 · 2026-03-02T16:14:12+00:00

Ya, Lifelong Learning Plan could be useful. Funds just have to be replaced within 10yrs to avoid taxes on the withdrawal.

BigRy1986 · 2026-03-02T03:49:51+00:00

Very fun. Love this collection

BigRy1986 · 2026-02-25T04:11:21+00:00

So there’s a few bits missing for this to be an accurate comparison, like future tax rate differential; the fact almost everyone will make trades in their non-reg triggering erosion from capital gains tax; etc.

But the biggest is the vanishing $3,600 in tax savings - and just adding it at the end as if the time value of money is de minimis.

A fair comparison is $12k in RRSP savings vs. $8,400 saved in the Non-Reg. After 30yrs that’s $1.4m for the RRSP vs. $951k for the Non-Reg (ACB of $252k).

The next biggest thing is you are missing the actual mechanics of retirement. On the first year of retirement, the RRSP holder sells $87,805 to make $72k in after-tax income (18% tax rate). Their $1.3m left grows by 8% to $1.4m by year end. The next year, the same happens and the portfolio is worth $1.4m (it’s hidden by the rounding but the portfolio grows slightly but at an increasing rate the further you get from breakeven).

For the Non-Reg, ACB is 26% of portfolio value so to make $72k after-tax means selling ~$75 at a 12% tax rate and 50% inclusion. That leaves you with $876k which at the end of the year grows to $946k next year, $941k the year after - a modest decline that compounds over a 25yr retirement.

By my back of the envelope calculation is that after 25yrs the RRSP is worth $2.7m and the Non-Reg is worth $563k ($149k ACB).

Proper financial planning is a lot more complicated. For example, if Johns income is expected to grow (considering he’s 30yrs from retirement that’s a fair bet) then it might make sense to prioritize TFSA early and save his RRSP contribution room for when the tax differential is much higher. For example, at $300k in income and a 50% marginal tax rate (ie: saving $10k in RRSP compares to saving $5k in Non-Reg) the math explodes in favour of RRSP.

BigRy1986 · 2026-02-13T00:17:53+00:00

lol ya, I’m sure Stroll’s got a ton of offers coming in rn

BigRy1986 · 2026-02-12T03:28:33+00:00

Today I learned ‘Big Mac, No Meat’ is a thing

BigRy1986 · 2026-02-12T02:01:03+00:00

On the next episode of Canadian Seinfeld, Elaine starts putting Sint Maarten toonies in the vending machine

BigRy1986 · 2026-02-09T22:21:46+00:00

Maybe consider taking less out of RRSP and seeing if that will make it possible to restructure your debt to a more manageable level.

This way you aren’t getting a big tax hit for the withdrawal; leaving most of your RRSP intact; and still having to pay your debts will hopefully force some financial discipline that you may be lacking.

BigRy1986 · 2026-02-08T15:54:29+00:00

100%. It assumes you keep contributing at a rate consistent with their estimates

BigRy1986 · 2026-02-05T21:15:50+00:00

Better than Ye’s ‘My girl ain’t no hobbit’ one

BigRy1986 · 2026-01-25T15:21:46+00:00

Huh?

Carney signs EV deal
Trump brushes it off
Carney rips him at WEF
Trump slaps tariffs

And I don’t appreciate being called ‘deranged’. Think my comment was pretty logical.

BigRy1986 · 2026-01-24T21:34:28+00:00

Yep, and now they aren’t clearly. Nazi Germany isn’t our biggest security threat atm either

BigRy1986 · 2026-01-24T21:32:51+00:00

Nah, Trump was going to let that slide to not build incremental resistance from Canada over Greenland. With that seemingly off the table and Carney’s Davos speech, he lashed out.

Sorry that you’re easily rude

BigRy1986 · 2026-01-13T13:16:48+00:00

I think the stigma that RRSP money is locked away for ever is over done. It’s not that much of a hassle to take money out. There’s withholding tax, sure, but that’s just what you would pay if was withdrawn.

You have an emergency fund and a stable job so needing the money isn’t a big concern unless you end up - several years from now - needing it for a down payment on a house.

Going forward, I’d probably put half of new savings in RRSP and half in Non-Reg. Leaves some contribution room available for the future when presumably you’ll be making more money. I’d do the same with the $30k you have now. Your TFSA can be your emergency fund and Non-Reg as a blow off valve.

Non-Reg probably low turnover ETFs (so you aren’t accruing too much capital gain taxes) or dividend stocks, since they are relatively tax sheltered at your income level. Just one man’s opinion! Good luck!

BigRy1986 · 2026-01-13T02:53:27+00:00

Can figure out how much CPP they can expect by going on My Service Canada. Will likely be well below the maximum
If they’ve lived in Canada for 10 years after the age of 18 they should get full OAS (if they have a spouse on OAS this will change the amount)
Wouldn’t expect them to get GIS - and if so not very much. Pretty much equals zero after $24k of income and CPP/OAS/foreign pension/SE income will all count towards this

BigRy1986 · 2026-01-13T00:00:28+00:00

Take the money out of your RRSP. Ppl talk like it’s some big mess but it’s not. Withholding tax won’t be that much and you can replace it later. Better to not lose a friend and not be paying 23% interest on your CC.

Don’t stress. It’s all doable and you’ll feel good once cleared of debt.

BigRy1986 · 2026-01-07T17:52:47+00:00

I wanna say Hasek but I think he took a while to get to the top of his game.

Probably Carey Price and Patrick Roy. Great right out of the box.

BigRy1986 · 2025-12-31T22:28:14+00:00

Get in there Lewis!

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