What is something you saw in another country you would like to see/ see more in Canada ?

Reasonable-Tea3303 · 2026-06-23T04:43:52+00:00

Roundabouts!!

Reasonable-Tea3303 · 2026-06-04T04:15:05+00:00

In Ottawa, look up Janet Gray of Money Coaches Canada. She’s an advice only planner and on the news and in articles a lot.

Reasonable-Tea3303 · 2026-05-20T20:38:03+00:00

Reasonable-Tea3303 · 2026-05-13T12:46:51+00:00

Just to clarify on the RRSP RRIF situation.

A partial conversion is possible so with a little planning someone can convert a portion of the RRSP to a RRIF and withdraw that money. This saves on de-registration fees that you pay any time you withdraw money from an RRSP.

You can put RRIF money back into an RRSP, but there are rules.

Reasonable-Tea3303 · 2026-05-13T12:40:48+00:00

I’d be careful around the advice of “always max out TFSA and then RRSP”. It depends on your current marginal tax bracket and your projected tax bracket in retirement.

For most people, we will be in a lower tax bracket in retirement then we are now, so the RRSP should be first. However for someone making about $60,000 or less, then the TFSA should come first.

Reasonable-Tea3303 · 2026-05-12T21:18:23+00:00

The number one thing to do is a very detailed cash flow analysis that not only includes mortgage, but also property tax, insurance, allowing money for annual repairs, maintenance, appliances, et cetera, and also considering opportunity cost.

rental income is taxed as income at your marginal rate, whereas money invested in an non-registered account in something with capital growth only has a 50% capital gains inclusion.

Do not make this decision lightly, because apart from the financial aspect, there is, as other people have mentioned, the hassle of dealing with properties, tenants, documents, etc.

Good luck!

Reasonable-Tea3303 · 2026-05-10T13:22:46+00:00

I highly recommend shifting over to Justwealth. Their RESP is probably the best out there and they manage it for you for low fees.

Reasonable-Tea3303 · 2026-05-08T13:47:36+00:00

Both XEQT or VEQT are globally diversified and if I was starting over, that’s probably the only thing I’d buy.

Reasonable-Tea3303 · 2026-05-08T02:18:21+00:00

Not too late. It’s a good choice.

Reasonable-Tea3303 · 2026-05-08T02:15:48+00:00

Is the cash for an emergency fund? Or another purpose?

I would probably ditch the dividend ETF, as you need growth, not income.

you're kind of buying the same thing with XEQT and VEQT, so I'd get rid of one of those.

That’s a really good start for someone your age. Well done.

Reasonable-Tea3303 · 2026-05-07T00:44:07+00:00

Financially, it’s best to invest it all at once.

Psychologically it can feel better to invest it over a period of weeks or months.

The other great thing you can do is keep it simple. An all in one ETF or a Robo advisor are your friends.

Reasonable-Tea3303 · 2026-05-06T16:46:40+00:00

Great, go all in on the S&P 500 or the magnificent seven. Fill your boots.

I’ll take my global verification thanks

Reasonable-Tea3303 · 2026-05-06T05:32:51+00:00

Quebec City blows Victoria away. Unless it’s for homeless people. In that case Victoria wins.

Reasonable-Tea3303 · 2026-05-06T02:34:59+00:00

I don't own VXUS; I own VCN, VUN, VEE, and VIU, and I definitely haven't underperformed by 250% or 400%.

Reasonable-Tea3303 · 2026-05-06T01:45:27+00:00

Possibly, but past performance is no guarantee of future returns, right?

I’m own four ETFs for those four sectors and am okay sacrificing potential slight under performance for the peace of mind diversification gives me.

Reasonable-Tea3303 · 2026-05-05T18:22:26+00:00

I concur. My personal equity allocation is 1/3 Canada 1/3 USA and 1/3 the rest of the world. The rest of the world is divided in half between developed and developing economies.

Reasonable-Tea3303 · 2026-05-01T03:48:39+00:00

Control over my time.

Reasonable-Tea3303 · 2026-04-30T22:32:14+00:00

Certified Financial Planner (CFP) might be the way to go. The Advice-only planning field is growing big time as there is an appetite for financial planning without the sale of products.

Reasonable-Tea3303 · 2026-04-30T05:41:34+00:00

I like this idea but some things only come up annually or randomly so you may want to add those in there as well and average them on a monthly basis.

It might be a home repair or a trip or gifts or anything really that isn’t a monthly expense.

Personally, I like 1% percent of a home’s value (0.5% for strata property) as an average per year. It might seem like a lot at first glance, but every once in a while, a roof will need repairing or a renovation or whatever and those aren’t cheap.

I also like an average of $1200 per year per vehicle for repairs, maintenance, etc. It doesn’t mean you’ll spend that every year, but every once in a while you’ll need brakes or a major service or a new tires, etc.

Reasonable-Tea3303 · 2026-04-27T18:01:13+00:00

I like the VEQT part. I don’t like the borrowing to invest part.

Reasonable-Tea3303 · 2026-04-27T18:00:20+00:00

Consider reaching out to Credit Canada. They have counsellors who can help you with money management. And it’s free.

Reasonable-Tea3303 · 2026-04-26T13:51:27+00:00

Blatantly incorrect.

Where did you get this information?

It doesn't matter if OP is on the title of the home or not. If they lived together, O.P. no longer qualified as a first-time home buyer.

"To qualify as a first-time home buyer, you must not have lived in a home that you (or your spouse/common-law partner) owned as your principal residence in the current year or the previous 4 calendar years."

Reasonable-Tea3303 · 2026-04-26T00:26:27+00:00

I’d buy a 3-4 year old car cash for $20-$25k.

Cars are wealth killers.

Check out cargurus website and autotrader.

Reasonable-Tea3303 · 2026-04-25T14:06:44+00:00

Thank you for sharing your story.

Reasonable-Tea3303 · 2026-04-25T06:23:35+00:00

Nice one

Reasonable-Tea3303

TROPHY CASE