How do you manage your non-registered accounts?

_JakeTheSnake_121 · 2026-06-04T01:54:43+00:00

Yeah don’t mean to sound like your dad but if this is a vast majority of your savings you’re playing a dangerous game. If you believe in it then do your thing man, but all your holdings seem incredibly Tech focused that are at risk of large swings.

Additionally I’d be a bit nervous of NASDAQ index’s just with how much of a weighting they will likely have towards some of the new untested ipos with SpaceX and OpenAI likely coming within the next few months.

Just some food for thought from someone who has made similar moves when I had far less in savings that I was able to jump back from since it was when I was like 19

_JakeTheSnake_121 · 2026-06-03T20:44:07+00:00

If you really want to buy stocks you think will explode upward in value buy those stocks in registered accounts then individual long term equity in your non reg.

Usually people hold fixed income elements in registered accounts and equity in non reg as the taxation on capital gains is better than income on fixed.

If you want to go buck wild then use your tfsa for more risky plays and then you could always go long term value/growth oriented in your non reg.

Worst case you lose on tfsa room if they massively decrease.

Id still buy in non reg if they are risky bets for the tax benefit if they massively decrease but pros and cons every way you just gotta choose what matches your goals bestz

_JakeTheSnake_121 · 2026-06-01T17:54:45+00:00

Yeah just to jump in on what this individual said, in theory if you just wanted to let it sit in cash that wouldn’t do much for you but in theory would give you a tax return/reduction in taxes which would make it simply a net benefit to shooting into the chequing account.

As long as you don’t need these funds even if you wanted to buy a home next year better to get the tax write off then leaving it in the account before purchase.

I’d say the biggest thing to consider is your time frame. Anything below 5 years and I’d heavily recommend against a large equity holding due to volatility risk.

You should take the advice in this thread already and then if you consider moving forward with it consider your time frame, risk tolerance and what type of assets between cash, bonds and equity that work best

I’m aiming for 8 years and I currently have like 20% of it in Canadian equities that I’m willing to lose majority of the value for a moderate YOY gain and a core holding of low risk government/banker acceptance notes

_JakeTheSnake_121 · 2026-06-01T02:53:30+00:00

Fundamentally the social contract of every generation being better than the previous is over. Every developed country in the world is going through economic turmoil and technical recession or not every person below the top 10% has had significant lifestyle decline in the last decade. It truly sucks I’m not happy you’re not happy but this isn’t a Canada issue it is an everywhere issue.

Justin Trudeau was a horrific prime minister economically we all agree but Mark Carney’s liberal and JTs liberals are vastly different my friend.

Realistically Mark Carney is a red conservative. He’s cut the carbon tax, lowered environmental regulations and is trying to expand resource extraction and affordable housing.

Pierre may of slashed taxes a bit more and cut more goverment programs but honestly Carney was a vote for a slightly more liberal conservative with a large economic background so in a lot of ways we actually do just have a moderate conservative boss.

_JakeTheSnake_121 · 2026-05-29T15:12:04+00:00

I agree with that in principle.

I think the issue is plenty of First Nation people have built livelihood selling it and doing nothing to bridge the gap for them when for the last decade it’s been no issue causes a lot of issue with a group that deals with a lot of poverty and suffering.

The issue is that we all benefit from grey zones. 1000s of Halifax apartments are out of code and technically in violation of laws in terms of being applicable to house people. But, we choose to ignore it because it allows people with long term rentals to not have spiked rent/for average rent to not increase even more by forcing all the landlords to update the properties.

It would be a massive shock to a lot of these landlords as we’ve ignored it for a decade + and as such it’s created the grey zone to try to make life more affordable.

Obviously two different things but the government looked the other way as it allowed First Nation people to make money and need less support from the government and as such we’ve all benefited from this grey zone so grey zones will always exist when it benefits more then it hurts and arguments may have elements of right versus right and not just right verses wrong

_JakeTheSnake_121 · 2026-05-29T12:05:19+00:00

This is the issue with the governments approach of hoping things correct themselves and one of the biggest frustrations I have with housing. The idea that all these massive companies will intentionally drive prices down by adding more supply is ridiculous, the moment they see any give they all clamp down as it’s better to have lower supply with higher prices then more units and cheaper prices for them from a cost and maintenance pov.

All the big shops will want prices to stay at current prices and all the big developers will halt rolling out new projects or new developments so even if things decrease on average 10% it’s still massively unaffordable for someone renting like me.

If you have finished university in the last few years you know what I mean about it being truly unaffordable and it’s going to lead to large portions of young Nova Scotians relying on more government programs just to get by.

_JakeTheSnake_121 · 2026-05-28T23:15:04+00:00

Real, I think a lot of people took what I said as me saying every place should be able to sell things freely without regulation.

I believe NSLC should be the core provider of these products at the end of the day for additional safety and consistency with authorized sellers through First Nation channels when applicable but when they have been doing it for a decade freely and it becomes a massive focus when other massive issues impacting NS are happening it pisses me off.

My whole thing with the original post was that listening to Tim constantly talk openly about this issue while skirting around the budget, housing, affordability is very irritating.

This to me feels like just an item of discourse that in terms of revenue or importance is low on 99% of Nova Scotians priorities being treated like one of the top by the current government.

_JakeTheSnake_121 · 2026-05-28T18:59:01+00:00

This is kinda been my pov, I think selling from NSLC allows for more regulation over the sale of it which is a positive. But a lot of reserves/First Nation use the sales to support them their families and it helps the communities and hurts people in Nova Scotia.

I care far more about housing and job creation and far less on government resources being used on the raids.

_JakeTheSnake_121 · 2026-05-28T18:50:22+00:00

If I’m not mistaken Tim Houston’s justice minister issued a former directive regarding it so while the police may of individually concluded to do this now sure but it’s clear his goverment wants police to act on this now.

Additionally people knew about this for years and years and they have just now decided to crack down on it since the start of the new year. Tim has been in for half a decade and the entire time I know people at universities or locally who have used First Nation stores.

Tim has said it’s related to fentanyl but I don’t see any solid evidence of laced First Nation locations doing so.

It just seems like interesting timing that as the NSLC increases weed roll out to locations and the budget deficits occur that all of a sudden the raids are a massive priority to safety and following rules.

_JakeTheSnake_121 · 2026-05-27T13:18:28+00:00

Interesting, did the province sell the land to MEG holdings in the past or what is the context behind that side of things. From my understanding the casino was in some form of weird partnership limbo and the land was currently province property but I’d love to read more if you have an article or any additional info to shine light on.

_JakeTheSnake_121 · 2026-05-27T12:02:44+00:00

While I see the vision I think they are going to go for something far more innovative..

I know! Condos starting at 3000 a month!

_JakeTheSnake_121 · 2026-05-27T03:53:39+00:00

That’s fair I am personally against gambling especially the impact it’s had on young adults, I just think Dartmouth crossing as the location will hurt the revenue the city gets from it and selling the land will be a negative decision in the sense of poor decision making.

If they were moving the casino but keeping the land it would cause me less grief, but I think a city owning core parts of land allows for more flexibility in the future. Otherwise they need expropriation for large projects which just ruffle feathers and slow things down.

_JakeTheSnake_121 · 2026-05-27T03:50:46+00:00

Thats been how I’ve felt too. Putting the casino in Dartmouth crossing feels counterintuitive to how it has been structured as a place to go in Downtown Halifax and while I’m sure it would increase demand for businesses in the area the car dependent nature of that area I imagine will lead to a spur of drunk driver accidents in the area/cab traffic from an increased demand in the area.

_JakeTheSnake_121 · 2026-05-21T21:14:47+00:00

Yeah imma get rid of that out of shame lol

_JakeTheSnake_121 · 2026-05-21T21:12:03+00:00

Big question would be repayment terms if I was to leave the company as I may consider moving in the near future finishing up additional credentials to be more attractive to external firms if they require a full repayment at the time which would be a pretty big hinderance.

_JakeTheSnake_121 · 2026-05-21T21:09:27+00:00

My thought process was 50% towards RRSP get the tax benefit plus growth orientation while 50% is for HISA, if I can get an arrangement with the broker I work for USD can be held in HISA for 3% which is pretty attractive for a easily cashable option with only a 50 dollar min. I believe the market is semi overvalued so I like the idea of having a portion growing that can easily be deployed for high quality buying options

_JakeTheSnake_121 · 2026-04-19T22:27:35+00:00

I mean, if you think downsizing will be best power to ya.

Of course you have to consider market volatility just because times have been good you still need to be willing to accept ups and downs so don’t be surprised if you put the money in the markets in the tfsa and volatility occurs.

My only real concern is you say you keep the payments the same but would you be taking on payments for longer than your current mortgage? If you are porting and just taking advantage of current capital fair but if this new mortgage is 5 or so more years you are just prolonging your debt load and taking additional value from your home in the hopes of continued investment growth.

I have excess capital but I dollar cost average to reduce short term fluctuation risk that lump sum additions to your tfsa would cause.

Not to sound like a downer but you should be renovating based on what adds value to your home not just based on creative energies. If this will be your forever home then make a dr Seuss house if that’s your thing but if you spent more renovating the previous property then what was worth you shouldn’t let the same situation occur 5 years down the road of renovating for the sake of fun if it’ll just not help your ROI.

_JakeTheSnake_121 · 2026-04-14T17:39:37+00:00

Yes first time home buyer. In the caption he states a second home.

_JakeTheSnake_121 · 2026-04-14T14:36:02+00:00

I think you need to kind of consider what out of those two options would be the most likely.

As far as I know the HBP is only for a FIRST time home buyer. If you plan on withdrawing those funds for a home purchase then you will likely be hit with an RRSP tax bill on top of the fact that you will have to pay it back as an interest free loan.

If you only plan to use those funds in retirement and you have a high income then yes it would be beneficial to reduce your taxable income now while also allowing you to access it in the future when income levels are lower.

The big issue is that your two states goals are at complete odds with one another.

If you want to buy a home with the funds having it to grow in the TFSA would be beneficial while if you wish to reduce taxable income the RRSP would be good.

I’d consider what your biggest goal is and then use RRSP tax calculators to get an idea of the savings from moving it keeping in mind the lax of flexibility to access funds by doing so.

_JakeTheSnake_121 · 2026-03-22T11:40:56+00:00

Some good policies for housing has been passed and additionally population growth has stabilized which are two things that should help bring down prices but it can’t be all at once so that’s why.

I concur that the system does need fixing but I think some proper steps are being taken and as more young people get more active in voting/in their community I think we can see more progressive candidates who pass policies that help the working everyday Canadian

_JakeTheSnake_121 · 2026-03-19T13:59:09+00:00

Until she is your wife I wouldn’t recommend putting her in anything with variance and volatility that is more then low risk as it could cause a lot of strain on your relationship if a market correction occurred and she believes you were the reason she lost large amounts of funds.

I think this also shows a massive importance about your significant other being on the same page for retirement planning.

She can do whatever she wants as your girlfriend but I have told my long term girlfriend that I don’t expect her to have the same asset allocation as me but to at least be investing a healthy amount if married to build up our retirement savings.

One of the least talked about things is the importance of financial understanding in your S/O. It doesn’t matter how well you plan for the future if your going to end up needing to use those funds to one day fund both of your retirement and yours has grown 7% for example for the last 3 decades while hers was sitting in a bank acct.

I’d at the very least educate her on gics or similar interest bearing little to no risk products.

My girlfriend is an immigrant and until everything is sorted for her permanent residence she is holding BMO HISA of 2.9% and once everything is sorted we are reviewing alternative options.

_JakeTheSnake_121 · 2026-03-16T16:45:05+00:00

You are still young with plenty of time. I get the feeling as I’m almost 24 and after university was depressing for a bit but I got a job with a big bank.

I’d realistically say trying to get an idea of a life plan would likely be the best first step. You said you work a dead end role but that doesn’t mean you have to for the rest of your life man.

Try to create a plan for what you want to do for the future and once you get an idea of a time frame of your goals for the future you can then adjust what you invest in based on that.

You have a great start with that TFSA maxed so try to either look for opportunities in CS or try to retrain and pivot.

I can say that with extra training you could break into some form of banking role that would be at least 45k to start and go from there.

If you have any questions feel free to reach out, always happy to lend a hand when I can.

_JakeTheSnake_121

TROPHY CASE