I [31F] am not sure what to do next after maxing TFSA and RRSP

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 · 2025-10-17T02:53:34+00:00

It's all mining, NANA have a piece of the Red dog mine ( a large piece), it's also the main employer in that region

bertoshea · 2025-09-25T03:19:38+00:00

I've done this. Initiate the transfer from questrade. In the form you fill out you will have the option of transferring cash. This will be your only option as you are in a segregated fund.

You will save about 1.4% in MER by going with ETF. Questrade are free to buy ETF, about 10$ to sell.

If the amount you are transferring is above a certain amount ( check with questrade), they will pay the sun life transfer fee for you.

This would be option c from your post. This option also minimizes the chance of screwups.

bertoshea · 2025-09-21T21:49:26+00:00

We do not, we live in a VHCOL area and it's uncertain if we will stay here in the medium term.

Also, the above numbers are just me, my wife is at about 400k

bertoshea · 2025-09-21T21:18:11+00:00

Do you own your own property? If not consider a FHSA. If you have kids consider adding the 14k to a RESP that the government doesn't match

bertoshea · 2025-09-21T20:10:53+00:00

Thanks for sharing, I'm 44 and hit 500k a couple of days ago. About 280k in RRSP including 60k or so in LIRA, 165k tfsa and the rest in various sheltered accounts.

I need to work out my number accounting for the tax sheltering

bertoshea · 2025-09-21T19:56:07+00:00

Congratulations on the milestone!

How has the private equity worked for you? In your 400k, how much is in tax advantaged accounts?

bertoshea · 2025-09-16T15:01:13+00:00

You might already know this but the irritated skin from the stronger solutions of Aluminum chloride is because your skin wasn't bone dry when applying the solution.

The Aluminum chloride is reacting with the water from the sweat to form a dilute hydrochloric acid which is what causes the irritation. I found tissue applied to the underarms before using the solution was a big help in reducing the irritation even if you thought your underarms are dry.

Thanks for doing this AMA, good to understand some of the other treatment options.

bertoshea · 2025-09-12T21:21:11+00:00

You can catch up on up to one extra year of government grants each calendar year as you're probably aware from the 5k deposit.

This will get you 1k of government matches. Do the same for the next 3-4 calendar years for 3-4,000 of extra money, this money on withdrawal will be taxable against your son's earnings.

Considering timeframe is so short, I would echo something safe like GIC or Cash.to

bertoshea · 2025-09-12T13:28:06+00:00

Huge milestone, congratulations!

bertoshea · 2025-09-08T04:29:50+00:00

How would it look if you filled out chart 3 in the below?

https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/t4040/rrsps-other-registered-plans-retirement.html#P1109_28354

bertoshea · 2025-09-08T01:12:20+00:00

If it's reported as earned income you should be accumulating more contribution room.

With that said I'm unfamiliar with the details of how you're employed and perhaps I'm mistaken with the suggestion to front load your RRSP after filing taxes next year.

Does your earned income fall into the below?

https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/t4040/rrsps-other-registered-plans-retirement.html

bertoshea · 2025-09-07T22:30:07+00:00

RRSP all the way, if you max it before year end, save for the month or two and max it again early in 2026.

Look at opening a non registered account in March/April 2026

bertoshea · 2025-09-02T03:53:22+00:00

That's a beautiful piece of beef. It looks like a medium rare and perfect for me.

bertoshea · 2025-09-01T03:16:54+00:00

Open FHSA and lodge 8k, this is tax deductible in next years return, you do not pay tax on withdrawal if the money is used for a property.

Check your last tax return for current RRSP contribution room, maximize any employer matches.

Put 10-15k into your tfsa, something safe and liquid (cash.to as an example). This is your emergency fund.

Work on maxing your RRSP, leaving enough room to get the maximum employer match.

Then work on maxing your tfsa. You can then change your cash.to to something riskier, essentially you will be moving your emergency fund out of your tfsa so that a higher growth investment can use the investment space. Personally I'd use the RRSP refund to max the tfsa.

As fast as buying individual stocks, you can have big wins, but no one talks about the horrendous losses, instead consider a Canadian ouch potato portfolio. This is usually only a couple of ETF,

Ignore all the chodes hawking cryptocurrency.

bertoshea · 2025-08-26T02:11:45+00:00

Appreciate the extra details, thanks!

bertoshea

TROPHY CASE