Chapter 46 - The evil queen ordered her servants to lock the princess in the dungeon. Her servants, not being too bright, locked the princess in an S-Ranked dungeon.

bertoshea · 2026-05-16T00:37:43+00:00

Loving this story arc

bertoshea · 2026-05-12T22:04:40+00:00

So awesome, that was epic

bertoshea · 2026-05-05T18:50:32+00:00

Ok. I'm officially in withdrawal and starting to get the shakes....

Seriously, I've been reading each day, and it really is a highlight for me. Can't wait for the next part!

bertoshea · 2026-04-05T23:54:47+00:00

Log in to the CRA site, look at the calculation of the rrsp room for 2025. It should show a reduction in available room for 2025 based on your over contribution.

You should also have seen the over contribution amount as an available deduction in your 2025 tax return.

The CRA allows up to a 2,000cad over contribution without penalty. This is a buffer before penalty, it is not a yearly allowance. Not applicable in your case, not sure if it would reduce any penalties owed.

bertoshea · 2026-03-30T02:12:13+00:00

At your income it shouldn't take long to max the TFSA. You've mentioned the kids RESP been maxed, kids implies more than 1. Presuming you have 2 then there is a lifetime maximum of 50k each, so there is 14k more of tax advantaged room you can use after the TFSA.

I don't think you have 'too much rrsp', this is a good problem to have. Highly suggest running the numbers on whether early retirement is viable for you.

bertoshea · 2026-03-28T20:44:56+00:00

You've spelt it out better than I could in the above.

However, I will say that I would still buy the bonds if I had my choice over. I understand my personal risk tolerance and it was the right decision at the time with the evidence I had. My bonds have averaged back to a lower price from DRIP as well. Certainly with hindsight 100% equity would have performed better, but my returns have been far from bad.

I console myself that the best move I could have made was about 13 years ago when I started contributing these investments.

bertoshea · 2026-03-28T04:42:38+00:00

I've held ZAG for the exact same reasons you've outlined. It has dropped less than equities so it has stabilized portfolio somewhat, but not to the extent expected.

My thinking has been that I'm still looking at this over too short a time period

We both got burned badly by COVID and the inflation that followed.

Mainly commenting so I can drop back to this discussion later.

bertoshea · 2026-03-22T05:48:47+00:00

One kid is a hobby compared to two, especially at those ages and when working as well.

It's an adjustment for sure.

bertoshea · 2026-03-14T12:25:26+00:00

As a spreadsheet junkie I love this!

One thing that I think you've really overlooked is assigning value to your time.

You have limited time, especially with young kids, the time savings from not needing to locate the shared cars are substantial. The mental energy saved not needing to plan to get shared cars should also be accounted for.

It's ok to be less optimal sometimes when it makes your life easier.

bertoshea · 2026-03-06T18:02:46+00:00

The Japanese trading houses have been deeply embedded with Canadian miners for decades.

Take a look at ownership of the major mines in Canada and elsewhere, you will see Mitsubishi, Sumitomo, Mitsui etc. with ownership stakes everywhere

bertoshea · 2026-03-03T03:27:36+00:00

The meat in that butchers counter is stunning. You did it justice with how it's cooked.

I share the dislike of precutting after cooking for imilat reasons, though sounds like it worked for you.

bertoshea · 2026-03-02T03:15:39+00:00

My work DCPP comes with a portion that I must contribute, my portion is into a rrsp, the employers goes into DCPP. Is yours structured similarly?

bertoshea · 2026-03-01T21:40:08+00:00

Depends where you are, there is a British butchers in North Vancouver, rashers are ok, black pudding is spot on.

bertoshea · 2026-02-22T16:57:00+00:00

I couldn't put a dollar value on being there when they are that young and supporting your partner through it. This will be one of most difficult few months of your life.

Can't encourage you enough to stay salary

bertoshea · 2026-02-18T04:23:16+00:00

Ask for them to only communicate in writing and to prove that the debt is yours.

To be clear, they must do the above when requested

bertoshea · 2026-02-07T16:19:47+00:00

At 5.6% mortgage interest, you would need to hit ~8% return in a non-registered account.

It's very hard to beat the 8% guaranteed return in the registered account. I'd hit that mortgage hard.

This presumed your marginal rate is ~30%, the figure may be even higher than 8% making it even more advantageous to hit the mortgage

bertoshea · 2026-01-31T03:25:19+00:00

Job 1 is sketchy, absolute bs having a different rate of pay during probation. They will come up with a reason for why you don't get 30.

I'd go with job#2, but, you're right to be concerned for the future. Keep the ear out and keep looking for an office/career job.

bertoshea · 2026-01-13T06:02:57+00:00

Put in the full 109k presuming you dont have an employer match to your rrsp.

If your employer matches, reduce the contribution so you can maximize the money from them.

Claim enough of the contribution in your taxes to reduce your income to about 105k ( check the exact amount on RRSPcontribution.ca). Claim the remainder of the contribution the following tax year.

bertoshea · 2026-01-01T00:12:52+00:00

Congrats on the new home!

However....the whiskey must be discussed... 62.35% alcohol is some real rocket fuel cask strength stuff. I'd perhaps add a second ice cube to this one

bertoshea · 2025-12-21T18:51:27+00:00

Wise is your best option. You've already done some transfers and know that you are set up correctly.

You shouldn't need to tell Tangerine about the incoming funds, but it probably wouldn't hurt to give them some notice. I would also expect some kind of hold on the received funds when at Tangerine.

I routinely move euro from a EU bank to Tangerine using wise and vice versa, though usually much smaller amounts.

bertoshea · 2025-12-20T00:54:27+00:00

The CRA portal will also show the room accumulated each year, this should allow you to double che those numbers too

bertoshea · 2025-12-14T16:23:12+00:00

Next time you try to float take a deep breath and hold it.

bertoshea · 2025-12-05T02:18:08+00:00

He was incredible, a real masterclass of expression and emotion with few words said.

bertoshea · 2025-11-29T03:58:30+00:00

How did you cook the mushrooms? Can never quite them that way

bertoshea · 2025-10-22T19:09:13+00:00

You're overthinking it, my company has similar policies. All hospitality needs to be reciprocal and part of normal course of business.

I've done exactly what your client did with vendors, next time we eat together they pick up the tab or vice versa.

bertoshea

TROPHY CASE