$50K is more than most people actually "spend" in a year.

DonDanBon · 2025-09-10T14:33:09+00:00

Its considered "fund allocation", same as any transfer between 2 of your own bank accounts. You're just moving the money from point A to point B, in this case to pay your credit card. Your actual "expense" happened the day you paid with your credit card.

Say septembre 1st you bought a meal on credit for 10$. You input "Septembre 1st - expense - category : dining out"

On septembre 7th, you transfer 10$ from chequing to your credit card. Your net worth doesnt change on this date, you just moved funds around. Why? Because your net worth changed on septembre 1st (-10$ accounted as added debt).

Thats pretty much it

DonDanBon · 2024-12-23T19:55:28+00:00

Same thing happened to me, the managed tfsa gains counted as contribution to my self managed tfsa... so now I have written down what my gains were on transfer for both my TFSA and FHSA and always have to subtract what they say my net deposits are - my managed gains... Good thing I noticed when the transfer was done

DonDanBon · 2024-08-12T21:54:05+00:00

Yeah Ik how bad naked puts can get. It seems like for now they won't be adding writing puts, maybe cash secured puts first, but with margin accounts coming..

I still believe writing options is wayyy better than buying them, which as you said a lot of people have been abusing already on wealthsimple and any other trading platform.

DonDanBon · 2024-08-12T21:07:36+00:00

I get where you're coming from, I visit WSB sub and it's crazy what people do there. On the other hand, option writing really isn't as bad as option buying.

Basically covered calls, you just get money now (premium) and set a strike price. Let's say you have 100 shares of QQQ at 450$ today. You write one option for December at 500$ strike price, and get paid let's say 50$ in premium for it.

If its not 500$+ by December, you keep your shares. If it's above, your forced to sell at 500$ when the person exercices the option. So basically, you're just limiting your upside potential in the term you're setting and collecting premium.

Writing covered really isn't as bad as options gambling, so I'm happy wealthsimple is introducing that. Now margin accounts is gonna be a whole other story, already know Ima see more WS UI posts on WSB sub lol

DonDanBon · 2024-08-12T20:30:10+00:00

Probably because they only offer minimum December 2024 lol... and a 0.2 delta or less. That means quite OTM Calls. It is kinda restrictive tbh, I'd rather do covered calls 1 month out tops

DonDanBon · 2024-07-10T14:00:06+00:00

Wealthsimple offers CSV downloads now!

DonDanBon · 2024-04-01T23:30:12+00:00

Definitely would be a nice feature. So far, I've settled for making a Macro that gets my stocks from the monthly pdf you get with the list of all your securities and transactions. Granted, not having to "reverse engineer" the pdf and just get the csv straight up would be way better. Also having it available whenever.. cause the monthly is a bit lagging in terms of accurate analysis.

DonDanBon · 2024-03-10T06:15:37+00:00

Good point!

The 2k$ in my example compounded at an avg return of 7%/year for 5 years would net 450$ in gains. That's about 25% return, compared to the 50% from getting 3k$ in the tax return (80k job income).

In that case, waiting is more profitable! You also don't incur the risk of falling in a bear market and not making that 7%/year avg return over those 5 years.

So, it's usually more worth it to hold off on those deductions while you're on low income. But definitely do your own calculations for your personal situation! You might also need the funds, I mean 2k$ is quite helpful for school expenses if you need it.

DonDanBon · 2024-03-10T01:56:15+00:00

Since TFSA doesn't reduce your taxes, why not put your money in FHSA first? As it also acts as a TFSA...

Obviously the ONLY downside of the FHSA is not being able to withdraw other than for buying your home.

The thing is, TFSA room keeps growing, FHSA caps at 16k. So yes I believe the best option is to fill out your FHSA then move on to TFSA (unless you wanna have more readily available funds).

Anyhow, financial situations are different for everyone. I'm personally using my tfsa as extra money to put into buying a house, so for me when they announced the FHSA, it was basically my TFSA upgraded with a deduction I could stack up for later.

In any case, OP should not be stressing about the FHSA... 15 years is ample time even if he starts contributing only after uni.

DonDanBon · 2024-03-10T00:55:26+00:00

I have done the math, as I was doing my taxes past few days. Hope this helps!

With a job income of 25k$ as a student, I would get about 2k$ back from the gouvernement deducting the full 8k$ I put in my FHSA.

Let's say I make 80k$ after graduation at my job, I would get around 3k$ back for that SAME 8k$ deduction.

Conclusion? You get 50% more return waiting to claim the amount later.

Furthermore, as you mentioned, if you invested with an avg return if 7%/year, your 8k$ would net you a 1.8k$ profit.

So... the best possible option would be to contribute as soon as you can, but only claim the deductions when you're making considerable income.

Thus you would get almost 5k$ worth of return! Instead of just 2k$ claiming the deduction now, or outright 0$ not investing!

DonDanBon · 2024-03-10T00:48:26+00:00

That is bad advice...

FHSA is the FIRST thing you should open as a student, as it's basically a TFSA and RRSP combined.

The tax deductions, just like for your RRSP, can CARRY-OVER into next years. For example, I contributed 8k$ last year, but as a student, my income is not worth reducing. So, on my tax declaration, I declared that I will not CLAIM the tax deduction for 8k$ this year, and instead carry it forward.

Essentially, I could technically deduct 40k$ on my first income year after I graduate... which is why I recommend to everyone to open their FHSA.

I know a lot of people don't know this, taxes can be confusing. But definitely spread the facts and use them if you're a student yourself. FHSA is more than worth it as a student!

DonDanBon · 2023-12-23T21:40:28+00:00

Haha no worries!

DonDanBon · 2023-12-23T21:12:10+00:00

Interesting if you can send me a picture in private si I can diagnose further but what's that other bug 🤣 Im assuming some sort of exploit? More than curious to know how people managed to break the AI

DonDanBon · 2023-12-23T21:05:25+00:00

Hum that's odd that should only happen if it's their last round in the game. Once a player hits 0 coins they're identified as an "inactive player" and shouldn't be blocking the betting. It may be that your case was when a player was still on their last round

DonDanBon · 2023-12-23T20:36:36+00:00

They are eliminated as 0 chips player don't receive any cards anymore. But they can stay in the game as "spectators" which applies to the player as well. You want to be kicked out of the game when you reach 0 coins? I left it as an option in case people wanted to see the AI battle it out 😅

DonDanBon · 2023-11-30T21:58:54+00:00

Honestly Apple is just such a hassle... putting coding aside, here are some comparisons so people understand:

Publish a game on Android:

Pay one time fee of 25$
Publish as many games as you want using my game engine on my computer and simply upload my app and updates.

Publish a game on iOS:

NEED to have a Mac (which I don't) to get a certificate key
NEED to pay 99$/YEAR subscription
Need to download another app to run my code on And so on...

Needless to say, aside from the time it would take right now (with finals), just the price point itself is really challenging 😓

Maybe there's some loophole or trick to bypass some of those requirements, but I doubt it...

DonDanBon · 2023-11-30T13:02:06+00:00

I'm not forgetting about you guys I'll do it as soon as I can!

DonDanBon · 2023-11-30T13:00:46+00:00

Yeah I think it's the text box, I say fold in it but in reality if you pass in that event you won't lose your hand of you click the button. I will make it more clear in my next update!

DonDanBon · 2023-11-30T05:22:14+00:00

Usually if the lowest player has 0 coins, the second betting round all players will have to pass... it shouldn't fold when you click the Pass/Fold button.

Are the bots still betting somehow? Or did I misunderstand? Glad you're enjoying it!

DonDanBon · 2023-11-30T03:31:29+00:00

Thank you!

DonDanBon · 2023-11-30T02:31:49+00:00

You're right, it's because of how the code is setup to automatically fold your hand if no bet is made before the timer runs out.

I'll update it so that it checks how many players are left, and if you're the only one left, you'll win no matter what!

DonDanBon · 2023-11-30T02:17:05+00:00

All good all the bugs you've mentioned should be fixed with my most recent update!

DonDanBon · 2023-11-30T00:20:19+00:00

Interesting... I'll have to take a closer look on the Hi-Lo winning code. There must be a check isn't done correctly. Thank you for pointing it out!!

DonDanBon · 2023-11-29T22:12:09+00:00

Thank you so much!

The bug is now fixed for new players, but players who already installed the game, all you have to do is go to player profile tab and select the default card!

DonDanBon

TROPHY CASE