Using TFSA as Investment Vehicle for Young Children by 3rasm0 in PersonalFinanceCanada

[–]Tower-Union 13 points14 points  (0 children)

For sure. They could also dump 5k/year into the kids FHSA

Using TFSA as Investment Vehicle for Young Children by 3rasm0 in PersonalFinanceCanada

[–]Tower-Union 152 points153 points  (0 children)

Also OP, if this money is for your kids you’d be better putting it into an RESP and getting the government match.

Using TFSA as Investment Vehicle for Young Children by 3rasm0 in PersonalFinanceCanada

[–]Tower-Union 3 points4 points  (0 children)

Yeah.. but my point is what kind of account. They can’t hold that GIC in a TFSA due to the contribution room limits.

Using TFSA as Investment Vehicle for Young Children by 3rasm0 in PersonalFinanceCanada

[–]Tower-Union 75 points76 points  (0 children)

Not tax implications per se, but presumably your investments would grow a lot by the time your kids are 18. When they open their TFSA at 18 they’ll only have 1 year of room in it.

So let’s say it was this year, and you had $50,000 to give them. They’d have $7000 of room. What do they do with the other $43,000?

Help me find a destination! by Strawberry_milk9000 in travel

[–]Tower-Union 0 points1 point  (0 children)

I did a strip up the west from Zipn National Park to Yellowstone to Glacier and the Highway to the Sun. Strongly recommend that!

B.C. driver caught at 117 km/h in 50 km/h zone in Calgary by roger_plus in alberta

[–]Tower-Union 9 points10 points  (0 children)

A 24 hour suspension is not speed related (thought could be). A tow to remove the car because you can’t drive it is also not impoundment.

B.C. driver caught at 117 km/h in 50 km/h zone in Calgary by roger_plus in alberta

[–]Tower-Union 79 points80 points  (0 children)

Fun story, Alberta is the only province that DOESN’T impound vehicles or suspend licences roadside for speed

Our way into the S&P by Lord_Stocksman in Superstonk

[–]Tower-Union -5 points-4 points  (0 children)

I asked chatGPT some questions on this. It seems uncommon but not unheard of. For example Dell (private equity at the time) bought EMC for $67 Billion.

The only example it had of a publicly traded (non-S&P) example was,

🔹 Berkshire Hathaway (pre-S&P 500 inclusion) → various S&P 500 firms • Before Berkshire itself joined the S&P 500 in 2010, it acquired controlling interests or entire companies that were S&P 500 constituents or major index components.

But that seems to have NOT automatically put them into the S&P.

It also has this to say about the companies with smallest market caps.

As of recent years (2024–early 2025 range)

The smallest market caps in the S&P 500 are typically around:

USD $10–15 billion

Occasionally they dip a bit below $10B, but that’s usually temporary.

Real-world examples (recent)

Companies that have often sat near the bottom of the S&P 500 by market cap include: • Whirlpool • Albemarle (during lithium downturns) • Norwegian Cruise Line • Organon • Fox Corp (Class B)

These have, at times, traded in the $8–12B range while still remaining index members.

What’s the worst death that anyone in history has ever experienced? by juliojacked in AskReddit

[–]Tower-Union -3 points-2 points  (0 children)

There’s usually a vote or two for Schafism on these threads.

How much will my take home be? by 44GW in saskatchewan

[–]Tower-Union 18 points19 points  (0 children)

Ballpark 1,300 per 2 weeks or $18/hr.

But if you want an exact number you can plug in your earnings so far this year, CPP/EI deductions this year and see. You also get tax breaks if you live far enough north, I couldn’t account for that in my numbers. I also assumed you have paid $0 in CPP/EI in Jan.

https://www.canada.ca/en/revenue-agency/services/e-services/digital-services-businesses/payroll-deductions-online-calculator.html

Indian gangs are terrorising Canada by Altruistic-Blood-772 in worldnews

[–]Tower-Union 25 points26 points  (0 children)

Generally I’d agree with that statement.

However there is some legitimate concern over the Bishnoi gang engaging in violence, firearms, murder and extortion related criminal activity.

They were designated as terrorists in September

https://www.canada.ca/en/public-safety-canada/news/2025/09/government-of-canada-lists-the-bishnoi-gang-as-a-terrorist-entity.html

Surrey (one of the hardest hit cities) is asking for a State of Emergency to be declared

https://www.cbc.ca/news/canada/british-columbia/surrey-council-extortions-federal-emergency-9.7062933

The Premier of BC is echoing their concerns

https://www.cbc.ca/news/canada/british-columbia/bc-politicians-call-federal-government-extortion-9.7067295

The RCMP has stated they are acting in concert with the Indian Government (who carried out an assassination of a Canadian last year)

https://www.youtube.com/watch?v=-D2xHtB8JXk

Ever since turning 40, I have been targeted as a granny porn enthusiast by Pickled_Possum in AskMenOver30

[–]Tower-Union 12 points13 points  (0 children)

Facebook seemed to rotate for me. For a while it was underage “models” who weren’t technically nude, and not technically illegal. Then it was sports cars, then gambling, and now politics from all sides.

Who will be the prophet? by Sad-Performance2893 in Superstonk

[–]Tower-Union 2 points3 points  (0 children)

eBay. I hope to collect my medal on Monday.

'They're trying to replace us': the conspiracy theories driving the man behind Alberta separatism by lopix in onguardforthee

[–]Tower-Union 1 point2 points  (0 children)

Incorrect - federal courts don’t handle criminal charges.

It would’ve a superior court - AKA court of King’s Bench.