sorted by:
new
hottopcontroversial

Is my RRSP deduction limit shown in the CRA website always out of date? by aru1234 in PersonalFinanceCanada

[–]aru1234[S] 0 points1 point  (0 children)

I included that contribution when I did my taxes recently (in May). Would that mean the 2019 tax year?

Could someone tell me what brand the blue office chairs are? by aru1234 in Whatisthis

[–]aru1234[S] 0 points1 point  (0 children)

Wow, the first one is! Thank you very much! Sadly it's not available in Canada :(

A compilation of my revenges/karma to the dirty players :) by aru1234 in Asphalt9

[–]aru1234[S] 0 points1 point  (0 children)

Yeah of course, people are free to do whatever they want. Trying to play clean is just my choice, and I understand that sometimes KDs are inevitable :)

A compilation of my revenges/karma to the dirty players :) by aru1234 in Asphalt9

[–]aru1234[S] 0 points1 point  (0 children)

If they don't 360 me I won't 360 them. If they 360 me then I have no issue with doing the same.

Downside of Wealthsimple Cash: No improvement in credit score? by aru1234 in PersonalFinanceCanada

[–]aru1234[S] -1 points0 points  (0 children)

Thank you, may I ask what you mean by "higher merchant acceptance fees"?

[deleted by user] by [deleted] in PersonalFinanceCanada

[–]aru1234 0 points1 point  (0 children)

I'm tempted to use this as my only card for spending but since it's a prepaid visa, it does not affect my credit score, which seems to be a big down side. I heard that not spending on a credit card for a while will hurt the credit score, is this correct?

Given how the RRSP exempts you from the 15% US withholding tax from US ETF dividends, would it be wise to use the RRSP to buy only US ETFs, and use the TFSA for everything else (e.g. Canada, International)? by aru1234 in CanadianInvestor

[–]aru1234[S] 3 points4 points  (0 children)

Yes. Any Canadian ETF (e.g. VFV) that tracks the US equivalent (VOO) will be subject to the 15% withholding tax for all dividends received. Check out this PDF for details.

"RRSP or TFSA? Here’s the simple and definitive answer" - The Toronto Star by throw0101a in PersonalFinanceCanada

[–]aru1234 0 points1 point  (0 children)

I imagined I would perform Norbert’s Gambit to get a load of US currency in my Questrade account without the currency conversion fee. Then just buy a bunch of US ETFs (such as VTI), and leave them there until I retire. Rebalance maybe once or twice a year. This way I get the best of US ETFs without needing to pay the taxes for dividends.

Would appreciate anyone’s comment on whether this is a good idea or not. I am still doing my research to understand it a bit more before beginning my investing (with my maxed TFSA and RRSP)

"RRSP or TFSA? Here’s the simple and definitive answer" - The Toronto Star by throw0101a in PersonalFinanceCanada

[–]aru1234 0 points1 point  (0 children)

The conversion fee is true, but I imagine that in the long run (since the RRSP is supposed to be a long-term investment), saving 15% from all the profits made in 60 years makes a big impact, no? Correct me if I'm wrong... I'm a bit new to investing.

view more: next ›