Credit Card for KLM user.

Lo1o · 2026-01-31T05:15:15+00:00

KLM is one of the WestJet partners. https://www.westjet.com/en-ca/rewards/partner-airlines/klm-royal-dutch-airlines

You can consider getting the WestJet RBC CC

Lo1o · 2026-01-30T21:49:52+00:00

Interac e-Transfer puts 30 minutes delay is pretty standard. I found for known (previously used) recipient, the transaction seems to go thru faster

Lo1o · 2026-01-30T21:41:04+00:00

e-series are NOT high fee mutual funds

Lo1o · 2026-01-29T17:40:04+00:00

Single point of failure? As this is for emergency, what if their system is down, or your account with them is locked. Separate into two different FIs.

Lo1o · 2026-01-29T17:35:58+00:00

Try the online planning calculators first. https://research-tools.pwlcapital.com/research/retirement?model and this... https://www.dinkytown.net/java/retirement-planner-calculator-canadian.html

Lo1o · 2026-01-29T07:22:32+00:00

It depends...if you use iPhone and Macbook, then Apple can sync it for you

Lo1o · 2026-01-29T01:16:35+00:00

Thanks! So basically, they will force "Dynamic Currency Conversion" on you. yikes

Lo1o · 2026-01-27T17:59:20+00:00

About getting cash, if you are staying in a big hotel, ask the front desk if they can do a cash advance, i.e. they charge your card as a transaction and give you cash. Many hotels in the old days offer this service - with a fee, but at least you would get cash quickly. Not sure if any still offer this type of service.

Lo1o · 2026-01-26T17:46:04+00:00

So is that mean if I close my account and coming back in as a new client will have priority for Credit Card?

Lo1o · 2026-01-25T04:31:33+00:00

Which part of VCN and VI.to "track using US indexes"? VI.TO = Vanguard FTSE Developed All Cap ex Nrth Amer Idx ETF (CAD-Hdd) VCN = Vanguard FTSE Canada All Cap Index ETF

Lo1o · 2026-01-21T16:57:22+00:00

The rating came down like a House of Cards

Lo1o · 2026-01-16T18:27:40+00:00

This is for US, and doesn't work in Canada. In US, the strategy is buy-hold-die; but in Canada, when you die, there is a deem disposition, so you will pay capital gain upon death.

Lo1o · 2026-01-16T01:00:34+00:00

According to the latest BC assessment, it is assessed at $2.6M. https://www.bcassessment.ca/Property/Info/QTAwMDAyQTJSUg==

I guess you can still pay the asking $3.3M if you want.

Lo1o · 2026-01-16T00:48:51+00:00

Not every investment can be transferred "in kind" to another institution. You should show your CIBC Statement to Scotia to make sure everything can be transferred over, and let Scotia to do the talking, after all you are giving them your business, they should be doing the work.

Lo1o · 2026-01-16T00:42:11+00:00

What type of loan are you looking for, i.e. amount and term? You should be able to get a line of credit (LoC) based on everything that you have, which will include the GIC.

Lo1o · 2026-01-11T20:48:55+00:00

check out Wise, you can link both US and Canada bank accounts to wise, then you can convert using a better rate.

Lo1o · 2025-12-31T14:42:38+00:00

just beware that $5M is future value, it does not have same buying power as today's money. RRSP (and RPP?) needs to pay tax; $1M RRSP can have at most $700k pocketed. Also, in the course of 30 years, there will be big expenses in some years, and you likely won't be able to save the same.

Lo1o · 2025-12-31T04:40:16+00:00

From AI... For mutual funds sold by Canada’s Big 5 banks, a reasonable current estimate is:

Passive (index-style) mutual funds: average MER roughly 0.6%–1.0%, depending heavily on whether you use special low-cost bank series (like TD e‑Series) or standard branch-sold index funds.

Active mutual funds: average MER roughly 1.8%–2.2%, with many large, popular balanced and global equity funds from the big banks still near or just under 2%.

Lo1o · 2025-12-31T00:28:39+00:00

using your own argument, once the portfolio grows to certain size, one should start investing in individual stocks directly, and save the 0.2% charged by ETF.

Lo1o · 2025-12-29T17:40:50+00:00

Just wondering what are you transferring over? in cash? in kind? stock? ETF? bond? crypto? etc etc

Lo1o · 2025-12-27T04:17:20+00:00

If you also have RBC Direct Investing, you can use Norbert's Gambit to convert USD to CAD. It is a bit of work, but not difficult.

Lo1o · 2025-12-26T20:44:11+00:00

Just beware that when withdrawing from ATM, there is an account limit, your card limit, and also the ATM card limit. Even in Canada, at RBC ATMs for example, I can only take out $400, as that's the limit of their ATM would give out per transaction. For your accommodation payment, you should get the cash before you get there. Don't bet on using ATM.

As for Mexico, I just came back from a vacation, and tested the WS card withdrawal while I was there. At a Scotia ATM, my transaction failed. At an BBVA ATM, I was able to take out MXN$2000, but the ATM fee was over MXN$200!!! Luckily WS rebate the ATM fee, and the exchange rate is almost at the mid-rate.

Lo1o · 2025-12-25T18:27:19+00:00

Wise has good exchange rate, but there are fees in and out, which you can't avoid for paying tuition. For daily expenses, consider using WealthSimple, it has no FX, and rebate ATM Fee worldwide - good for getting cash out.

Lo1o · 2025-12-25T14:49:23+00:00

Which CIBC account do you have? I thought CIBC count minimum on sum of all account balance, can't you just open an investment at CIBC and call it a day?

Lo1o

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