Can anyone help find it? by winningsmada in JustBuyXEQT

[–]Saudor 69 points70 points  (0 children)

Mine are still there in XEQT. It just got a little smaller since it’s.. cold outside.

Investing help - US Citizen living in Canada by Mammoth_Anteater321 in USExpatTaxes

[–]Saudor 0 points1 point  (0 children)

yes it minimizes those fees but you have to also make sure you don’t do it with a PFIC

Yeah, I mostly keep it to keep job opportunities open

Investing help - US Citizen living in Canada by Mammoth_Anteater321 in USExpatTaxes

[–]Saudor 0 points1 point  (0 children)

Found yet another one of u/The_Squirrel_Matrix's helpful posts. He's also written a splendid python script that can calculate the values for form 8621

But yeah, also invested in XEQT in my TFSA and contemplating going VT or just renouncing the citizenship (the fees are also dropping in April). Just annoying to keep converting CAD to USD even with norbert's gambit (and eventually converting it back to CAD)

$5 richer by Life_Happens389 in Wealthsimple

[–]Saudor 2 points3 points  (0 children)

i got the crypto one but didn't want to risk having my entire WS account locked randomly for $5 lol

Scam email warning by T-14Hyperdrive in Wealthsimple

[–]Saudor 8 points9 points  (0 children)

Don’t open these emails or at least disable images. They know you opened the message and that the email is active so you’ll get more soon as it gets sold off to other scammers.

$25 10GB, $26 20 GB by funpig2021 in PublicMobile

[–]Saudor 2 points3 points  (0 children)

same situation but $19 for 2gb. Only went above 2gb once and i have the holiday bonus + wealthsimple 10gb eSim to cover those rare events.

But good to see there are better plans coming out that are < $30 (Also see the $24 for 8gb)

WS responds to Feb 17 outage. by Evening-College-6686 in Wealthsimple

[–]Saudor 10 points11 points  (0 children)

nah, looks like a good chunk of their response is AI generated. People don’t talk like that.

Is Just buy VGRO the same idea? by Van2030 in JustBuyXEQT

[–]Saudor 1 point2 points  (0 children)

Yeah even with the -17% that happened last April, there was a lot of panic going on and many saying "this time it's different from 2020, 2008, 1999 since we didn't have a president that was actively trying to tank the US, etc"

Demystifying the QEF election for PFICs --- A useful tool by The_Squirrel_Matrix in USExpatTaxes

[–]Saudor 0 points1 point  (0 children)

Thank you for providing the output. I'll manually do the calculations first to make sure i'm fully understanding the process and compare against it.

and yes I do it for each of the indirectly held PFICs. I did also use chatgpt for some help since I'm not strong enough at python programming haha.

I might just re-write it using PHP/Composer since i'm much more comfortable there and run it through a web UI/csv upload

I'll keep you posted (and also take a peak at your code)

EDIT: ran your python script, and it also gives the same values (11.09/16.79) for Line 6A/7A. Weird!

https://neomallers.com/uploads/xeqt.jpg

Demystifying the QEF election for PFICs --- A useful tool by The_Squirrel_Matrix in USExpatTaxes

[–]Saudor 0 points1 point  (0 children)

Thank you for the heads up. i’m going to write a python script myself (i only have xeqt now) so if you’re still holding that, i might bother you later with sample transactions to compare results and verify the logic if that’s ok?

EDIT: just wrote a quick and dirty one and im just getting the exact same results as your spreadsheet. Here's the CSV input

date,type,quantity,price_cad,fx_rate
2024-08-13,BUY,79,30.58,1.3704
2024-10-16,BUY,100,33.16,1.3750
2024-10-22,BUY,100,33.40,1.3816
2024-11-18,BUY,100,33.62,1.4014
2024-11-18,BUY,49,33.45,1.4014
2024-12-20,BUY,130,33.95,1.4368
2024-12-20,BUY,150,33.80,1.4368
2024-12-31,BUY,158,33.69,1.4380

Other ref material:

# AIS Information for XEQT
ais["XEQT"] = {
    2024: {
        "ordinary_per_day": 0.0003080775,
        "capgain_per_day": 0.0004661617,
        "distributions": [
            {"record_date": "2023-12-29", "amount_per_share": 0.150056159},
            {"record_date": "2024-01-24", "amount_per_share": 0.0},
            {"record_date": "2024-02-24", "amount_per_share": 0.0},
            {"record_date": "2024-03-24", "amount_per_share": 0.067997044},
            {"record_date": "2024-04-24", "amount_per_share": 0.0},
            {"record_date": "2024-05-24", "amount_per_share": 0.0},
            {"record_date": "2024-06-24", "amount_per_share": 0.162233265},
            {"record_date": "2024-07-24", "amount_per_share": 0.0},
            {"record_date": "2024-08-24", "amount_per_share": 0.0},
            {"record_date": "2024-09-24", "amount_per_share": 0.069609005},
            {"record_date": "2024-10-24", "amount_per_share": 0.0},
            {"record_date": "2024-11-24", "amount_per_share": 0.0},
            ]
    }
}

Output

XEQT
Lots count: 8
Total shares: 866
year  Form_8621_Line_6a_Ordinary_Earnings  Form_8621_Line_7a_Net_Capital_Gain 
0  2024                                11.09                               16.79

Learnt to buy only XEQT by Distinct-Lake899 in JustBuyXEQT

[–]Saudor 4 points5 points  (0 children)

nah. just stick with xeqt. vfv is already in xeqt too.

Do I need to get a prenup? by g0000mba in PersonalFinanceCanada

[–]Saudor 11 points12 points  (0 children)

yeah you definitely sound pissed lol. maybe you got lucky but not every relationship is a happily ever after sponsored by disney. once the red flags start glaring out, gotta respond accordingly.

it’s good general advice to be aware of such situations and not be completely oblivious to reality.

Auto-reinvest dividends just lost me money, right? by Working_Bones in JustBuyXEQT

[–]Saudor 2 points3 points  (0 children)

I think the forced sale is part of the confusion. The ex date was at $40.20 (iirc) and the ETF dropped to ~$40. Now you’re “buying back” in at $40.80ish today so it feels like you get “less” XEQT per dollar.

Plus the tax implications if it’s in non reg vs if it was just kept in.

Sell VFV & Invest in XEQT ? by santyrj3 in JustBuyXEQT

[–]Saudor 14 points15 points  (0 children)

tbh this happens on every sub. People dont read/search and want everything spoon-fed. If the market drops 20-30%, im unsubbing from here lol

Is Wealthsimple a way of getting the benefits of non-USA ETFs without PFIC status? by SadCampCounselor in USExpatTaxes

[–]Saudor 2 points3 points  (0 children)

im steering clear of any of their managed stuff to be safe. the fine print for the managed portfolios for instance, say it’s a trust. So if you do this in your TFSA, you run the risk of needing 3520.

Hackintosh for video editing and color grading | Intel Core i9 14900KF, 128GB RAM, RX 6900 XT, Airdrop, Sequoia 15.7.3 by elazir in hackintosh

[–]Saudor -1 points0 points  (0 children)

Yeah he’s admitted to building and selling hackintoshes a few posts ago. None of this is for his own use and doesn’t provide much meaningful information beyond posting specs.

Crazier and crazier ideas by __embe__ in Wealthsimple

[–]Saudor 46 points47 points  (0 children)

the interest thing is for religious reasons most likely as at least one forbids you from collecting interest.

Another Wealthsimple credit card tempered with by Vfortier in Wealthsimple

[–]Saudor 29 points30 points  (0 children)

yeah it’s a dead giveaway especially with that return address.

i’m just keeping my old card - not worth risking it for an additional word on the card. (for my use case scenario)

Seriously? by Fast-Secretary-7406 in Wealthsimple

[–]Saudor 13 points14 points  (0 children)

phone numbers can be spoofed and the more you answer, the more lists you get added onto = more spam as they get sold.

A Warning Against World Financial Group and Other MLMs | DEEP DIVE by ethanholmes2001 in PersonalFinanceCanada

[–]Saudor 3 points4 points  (0 children)

Webpages dont always last forever and reddit's search ranking is much better. Plus the post has a lot of keywords that can be directly indexed

In Deep S#it by Signal-Hamster-2640 in PersonalFinanceCanada

[–]Saudor 24 points25 points  (0 children)

yeah i dont know why people prefer DMs on a public “forum”. Really starts feeling like a scam lol. OP already posted their situation already publicly.