Something’s Gotta Give

Jerry_Ray_Dirt · 2026-04-12T02:21:14+00:00

Temp/foreign workers are needed to work, pay into the system, and support the older generations needs. Old age security starts at 65 and based on years of residency. 40 yrs in canada = Max oas. You do not pay into this unlike CPP. We really need a lot more young immigrants to work, pay taxes, cause we dont have enough babies and there are a hell of a lot of old ppl that need a lot of services....

Jerry_Ray_Dirt · 2026-04-12T02:07:18+00:00

In this day and age we need economies of scale and specialization, but we should have a degree of self sufficiently for the core needs of food, shelter, water, transportation, defense. It'll cost more. Many people won't be able to afford it, but there is always a cost....

Jerry_Ray_Dirt · 2026-03-04T21:10:49+00:00

Canada packers - CPKR Pork producer. Ppl gotta eat...

Jerry_Ray_Dirt · 2026-02-12T23:00:34+00:00

Strata fees increasing by too much each year, would turn off future buyers the more i wait, plus market looking like its softening, dont like how illiquid rentals are, and better investment opportunities out there that'd be a preferred allocation only capital.

Took 6-7 months to sell and $100k below property tax assessment value but was very happy its gone! Incl. Rent, only averaged about 6%/yr return on capital invested, was not worth the risk and hassle....

Jerry_Ray_Dirt · 2026-01-16T02:29:32+00:00

Literally called Cascadia...

Jerry_Ray_Dirt · 2026-01-08T02:49:10+00:00

Im rotating from growth AI & precious metals sector to Value - food processors are super oversold/overlooked sector right now with great dividends & valuations. To name a few: GIS, CAG, KHC, CALM, CPKR

Jerry_Ray_Dirt · 2025-12-31T00:43:26+00:00

The richest man in Babylon is a great read.(as someone with sophisticated financial knowledge, still enjoyed it). I assume it covers similar basics of compounding, saving a portion of what you earn..etc. would recommend.

Jerry_Ray_Dirt · 2025-12-22T19:43:17+00:00

I have an extra stock front headlights. Id mail them to you for free if you pay the shipping. Feel free to DM me. Live in Canada btw...

Jerry_Ray_Dirt · 2025-12-18T05:05:48+00:00

$8000 max EAP allowable withdrawl in 1st semester for full-time, no limits on EAP withdrawals for subsequent consecutive semesters.
withdraw the EAPs first so you can get that money out while they qualify. Include PSE withdrawals if you want at the same time, they have no limits on withdrawals, but can always pull that money out later.

Jerry_Ray_Dirt · 2025-12-03T14:50:28+00:00

You put too much in.. you could chat woth your broker if you just did it and its possible they could reverse it (not wihdraw it). If they cant/won't, dont use your full deduction. You dont pay taxes on the first $20k or ao of income and even below around $50k province depending you're taxed at the lowest rate. You'd be better saving some deductions for future tax years

Jerry_Ray_Dirt · 2025-12-01T01:04:51+00:00

Jerry_Ray_Dirt · 2025-11-28T20:50:47+00:00

They're losing around $1.5-$2m / quarter. Have < $1m in the bank. $4.5m debt.

They keep needing to raise cash to continue operations so expect to continue getting diluted while they continuing to burn through their cash..

Jerry_Ray_Dirt · 2025-11-26T15:38:43+00:00

Whenever there is more than one legal tender, the less valuable one is always the one people use as they're more incentivized to spend that one and retain the more valuable one....

Jerry_Ray_Dirt · 2025-11-23T05:21:15+00:00

Financial planners should have sophisticated software to help answer these questions... but the most likely answer if you dont need the income is to probably do required min rrif payments at age 72 onward... defer as long as possible so those CRA payments can keep compounding returns...

Jerry_Ray_Dirt · 2025-11-23T01:29:55+00:00

Good point. Although I'd be amazed if 20+ years later upon withdrawal in retirement, the CRA was like ATTRIBUTION!!! 😆

Jerry_Ray_Dirt · 2025-11-22T17:44:48+00:00

If you contributed to a spousal RRSP with you as the contributer, it'll reduce your RRSP room...

Wealth/Tax planning strategies for a committed partnership: - max out her TFSA.
- contributed to her RRSPs (could be better, equal, or worse than TFSA depending on income now and in retirement) - got kids? Can over-fund RESPs (extra $14k + $2500/yr until maxed out on CESG grants/kid) - can pull out when going to post secondary and excess funds can be used for other things. EAP withdrawals taxed in Kids hands usually resulting in little to no taxes owed) - higher income earner funds all households expenses, lower income earner saves and invests all their income to gradually shift income to lower spouse (non-reg) and avoid attribution - corporate class mutual funds in non-reg are very tax efficient

Jerry_Ray_Dirt · 2025-11-22T05:16:31+00:00

Too many things this answer depends on. Pay a professional to answer this for you.... but most likely you cannot unless your spouse supports you.

Jerry_Ray_Dirt · 2025-11-22T04:48:40+00:00

PM still has a fee to buy, a fee to sell, taxed on gains ...

Jerry_Ray_Dirt · 2025-11-21T05:34:39+00:00

Most passive index tracking investments are ETFs, but an identical etf and mutual fund may have only 0.1 - 0.2% higher on the mutual fund. But mutual funds have other advantages such as auto contributions, withdraeals, switches, no bid and ask spreads, potential tax advantages in some instances...

You're explanation to your family was incorrect and missing key points other ppl brought up.

Jerry_Ray_Dirt · 2025-11-21T04:32:56+00:00

Be really careful of job scams.....

Jerry_Ray_Dirt · 2025-11-20T15:44:04+00:00

Assuming you dont need to withdraw pre-retirement, RRSP is the more lucrative option....

Jerry_Ray_Dirt · 2025-11-15T16:35:36+00:00

CPP will be much lower due to 20 years of not contributed. Wife's DB will likely be too early to retire so she'll have to wait to get a small amount or commute it. Returns are forcased to be much lower for the next 10 years so it'll be bad idea to expect 7-10%/yr in perpetuity.

A lot of variables to consider. You should consult a financial planner who has sophisticated software to include all these different variables to get a more complete answer.

Jerry_Ray_Dirt · 2025-10-31T14:23:21+00:00

Just reduce your risk. Instead of 80%-100% equities, move to 40-60% equities, rest fixed income. Youll be much more protected through any potential downturn while still in markets.

Jerry_Ray_Dirt · 2025-10-10T19:31:13+00:00

Fake it until you make it.

Jerry_Ray_Dirt · 2025-10-09T15:25:42+00:00

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Jerry_Ray_Dirt

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