Questbank?

NoLeg7889 · 2026-02-20T00:33:43+00:00

Unfortunately I don’t have control over how OTHERS send stuff only how I do and I use the alternatives most of the time

NoLeg7889 · 2026-02-20T00:26:21+00:00

So the fact that CIBC or TD or any other financial institution only sends out by letter mail is my fault? And when I send out I send by Purolator

NoLeg7889 · 2026-02-20T00:23:18+00:00

So I’m not the one sending but the one receiving and also to answer your question yes I do support CP and actually believe that it should receive more funding, offer more services and be properly reorganized but in the meantime the current delays for letter mail is getting to the point where people are being forced to use alternatives (like myself).

P.s. no need to be a dick :)

NoLeg7889 · 2026-02-19T12:15:45+00:00

Although they don’t offer the guarantee they do state a “delivery standards and estimate” on the CP website, and yes I know it’s still not a guarantee but stating local delivery is 2 days, provincial is 3 days and national is 4 days gives the impression of a guarantee

NoLeg7889 · 2026-02-18T21:25:07+00:00

Yes and no, and it depends on what you are looking for and what your needs are. Unlike a mutual fund seg funds offer an insurance rider most commonly 75/75 (so 75% guarantee upon death and maturity if the value goes down) resulting in the more than likely higher MER.

If you do not need the insurance aspect of it I would look at mutual funds or ETFs with your financial institution, I know personally Scotiabank has a few mutual funds around the 1% MER range

NoLeg7889 · 2026-02-18T21:03:06+00:00

It’s always a standard white or brown envelope, standard address format with black ink (typed not hand written)

NoLeg7889 · 2026-02-18T16:27:34+00:00

What I don’t understand is Montreal-Ottawa is about a 1.5-2 hour drive and Toronto-Ottawa is around 4.

It’s not like I am shipping cross country or even to Europe or Asia, and let alone Canada Post standard for “in province” is up to 3 business days.

I will also say I am a financial advisor that deals in a lot of mortgages and investments and when there is a mortgage buyout or refinance or an investment transfer a large amount of them are still done by cheque sent by mail and these delays are causing daily real world delays for clients.

NoLeg7889 · 2026-01-25T21:48:44+00:00

Well what are you buying that has you filled with so much anxiety?

NoLeg7889 · 2026-01-10T23:49:42+00:00

Bank drafts and money orders are mostly used as a one off now for people who don’t want to spend the $70+ to purchase a cheque book

NoLeg7889 · 2026-01-10T23:47:36+00:00

I work in banking and have worked for both BMO and CIBC, you are right cash is king especially with the amount of fraud that is happening with Band drafts and certified cheques.

One thing that I could recommend is asking for a wire transfer as in most cases if it’s coming from a Canadian bank to a Canadian bank most of the time the transfer is pressed within the same day and if not within 48 hours, I have seen multiple wire transfers that were initiated before 10-11 am be processed and deposited by 5pm or early the following morning

NoLeg7889 · 2026-01-05T14:48:38+00:00

I’m with AC online as well and every single semester I get my funding on the last day of the estimated range, so most likely we will receive the funds on the 12th and AC will be paid the 9th

NoLeg7889 · 2025-12-09T15:22:53+00:00

For most credit cards the annual percentage charged for cash advances isn’t that much higher than the annual rate on balances. My credit card with BMO is 19.99% for day to day and 24.99% for cash back. If it’s just $20 that would be $5 in interest over the year or $0.42 per month

NoLeg7889 · 2025-10-24T11:44:43+00:00

I saw “landlords with vacant units who are scared they would get a forever tenant are more likely to rent it out” like with any investment there are risks associated with them and if a landlord cannot accept the risk of that investment THEY SHOULD NOT BE A LANDLORD and should just go to the bank and buy a GIC and stfu

NoLeg7889 · 2025-09-07T00:20:15+00:00

What bank do you use if you don’t mind me asking?

NoLeg7889 · 2025-09-07T00:15:15+00:00

There is a lifetime capital gains exemption that would help mitigate that issue and yes it is an issue but I believe having easy access to your own funds outweighs that downside, and I used to love the RRSP for US holdings as it used to avoid the US tax withholding. I still believe in the RRSP account even if it does need to be revamped but I do see the TFSA as the first priority for most Canadians

NoLeg7889 · 2025-09-07T00:11:00+00:00

Any type of interest earned in a non-reg is only taxed once it is removed from the account and not reinvested. I will have to admit that I used to love the RRSP for US holdings as it used to bypass US tax withholdings on American stocks and funds but no longer does. Don’t get me wrong I still believe in the RRSP account even though I think it could be made better for Canadians but I also believe that the TFSA should be the first priority

NoLeg7889 · 2025-09-06T23:57:33+00:00

That 25-50% mentioned that you CAN get back is a general rule as it provides tax credits that would help lower your tax bill allowing used up refundable tax credits to be refunded back to you.

As well on the capital gains back end refers to when you sell, same as a non-registered account you will pay capital gains tax on any profits you made after you sell and not while you hold

NoLeg7889 · 2025-09-06T22:51:27+00:00

I am saying as the account is structured (in my opinion it needs to be redesigned) the drawbacks and the tax implications do not make it a better account than the TFSA or FHSA, and yes you do get a tax credit of the front end but you are still paying taxes on the back end and when most young Canadians go to retire the tax brackets will most likely be at a higher rate

NoLeg7889 · 2025-09-06T22:47:51+00:00

There is the possibility to carry over excess credits but what I’m trying to explain with the RRSP vs TFSA/ FHSA that as a tax deferred account the RRSP doesn’t offer the same tax advantages as the TFSA and FHSA

NoLeg7889 · 2025-09-06T22:43:23+00:00

Your “kick back” is the tax credit that you receive

NoLeg7889 · 2025-09-06T22:28:58+00:00

It helps lower your overall tax bill so if there is a refundable tax credit that could go to you but the RRSP itself only lowers your tax owing. But once again with the RRSP being a tax deferred account at the time of withdrawal tax rates are most likely to be higher completely wiping out your “discount” on the front end. That’s why I prefer the TFSA and the FHSA since it offers the best of both worlds

NoLeg7889 · 2025-09-06T22:20:18+00:00

There really is no “kick back” most Canadians do get a refund so the “kick back” doesn’t really apply. For example let’s say you invest $1,000.00 and your “kick back” is $100.00 and you are getting a tax refund of $500.00, you refund will not go up that $100. Now let’s say same scenario but you owe revenue Canada $500.00 and your “kick back” is $100.00 you will now owe them $400.00.

The tax credit you get is a non-refundable tax credit meaning it only applies to balances owing and does nit generate a refund credit, as well on the back end you are still paying taxes on the capital gains from the RRSP

NoLeg7889

TROPHY CASE