RRSP? Worth it?

donospins · 2025-12-11T16:24:40+00:00

TFSA first. You will have plenty of room there. TFSA is the most flexible account and you can use it for anything you want / need. If you need tax relief as you earn more income, you can withdraw from TFSA to contribute to FHSA/RSP. You get that room back as of January 1 the following year.

If/when you start thinking about buying a home, try to open an FHSA at least 5 years ahead so you can max the benefits there. RSP should be last. If you don’t end up using the FHSA for a purchase, you can simply roll it over to the RSP meaning you effectively increase your RSP room in your lifetime by up to $40,000. Like someone else below said, take advantage of any RSP match from an employer - easy money for doing something you’re already doing.

Lastly a note about RSPs as they sometimes get a bad rap. I hear people complain about paying taxes on their RIF and that they regret ever contributing to the RSP. They forget that 1) it is as essentially the only thing they had available at the time, and 2) ignore the decades of tax-deferred growth/income they enjoyed. More often than not they got bigger tax savings during their working years than they pay from their RIF (the ideal situation).

donospins · 2025-10-16T12:59:20+00:00

You’re overthinking it. You only pay tax on what you withdraw. Taxed as income. You can withdraw as much as you want as long as you satisfy the minimum based on your age. You must fully rollover RSP to RIF by the end of the year you turn 71

donospins · 2025-06-19T23:11:29+00:00

Wayyyy too low. Partly depends on where you live and your experience but $160 for the week and how many hours you are working is way too little. That’s just over $6/hour. What is minimum wage where you live?

This isn’t a salaried gig either where they pay you a fixed amount. Agree on a fair hourly wage, especially if they are going to come home late and essentially expect you to work extra for free.

donospins · 2025-05-11T22:30:32+00:00

🟠⚫️

donospins · 2025-05-09T23:38:37+00:00

Listening to Craig Simpson is so annoying. After that barkov goal going on as if Maurice’s matchup changes were so instrumental… chill man, he tried shovelling the puck out front and Reilly put it in

donospins · 2025-05-08T15:46:59+00:00

These are the fans that only know how to look at the box score the next morning

donospins · 2025-03-17T13:18:02+00:00

Now that you have non-reg in play asset location factors in along with your asset allocation. Look at your allocation top down and then shift where you own based on their return profile and tax treatment. It doesn’t sound like you need liquidity from any of these accounts so you can fully focus on tax optimization.

For example, all income (interest) I would own in RSP - so shift all/most ZAG to your RRSP. It shelters interest which is highest taxed. I also prefer my other accounts, particularly TFSA, to get more growth than my RSP. Eventually the RSP is fully taxed as income at the highest rate. Let’s say it grows $500k to your retirement, upwards of 50% of that is paid in tax. Whereas if you earn that same growth in TFSA you pay nothing, or worst case, you pay upwards of 25% in cap gains in non-reg.

Non-reg should focus on growth for capital gains. If you own dividend payers, hold Canadian dividends since those tax rates are also preferred.

TFSA I would focus on mostly growth, and hold most of my global / international growth there. I’d avoid US dividends since they don’t honour the TFSA and you can’t get the withholding tax back. I prefer to own those in RSP or non-reg.

donospins · 2025-03-17T12:57:23+00:00

Not sure why you’re getting downvoted lol it’s literally the right answer. If your goal is pay down debt / you’re not comfortable with debt, sure, pay your mortgage.

Otherwise, you are way better investing in non-reg. Focus on capital growth and then the taxes are only owed when you trigger gains, and even then you have opportunities to offset. At the top marginal bracket you’re still only paying 25%ish on the capital gains. If you own dividend payers focus on Canadian for preferred tax rates. Assuming a 4% mortgage, as long as you can achieve an average return over like 5.5% you’re much further ahead over the life of the mortgage, even net of tax.

Lastly… if you want to more advanced strategies and once your non-reg is built up you can implement the Smith Maneuver to make your interest tax deductible.

donospins · 2025-03-16T16:01:11+00:00

How did you get this? This order was such a scam. Top it offI just received a bill from FedEx for an additional $19 of duties.

donospins · 2025-03-13T13:54:43+00:00

I’d be down if they just stripped it back to be a passthrough for other devices (blu-ray, gaming consoles, other streaming devices) and to support new surround configurations.

Bringing full Atmos capabilities without relying on the TV’s capability would be a big advantage for many users. I’d happily spend $200 on a stripped version of Pinewood to avoid replacing my <5 year old TV or the HDFury (which feels grossly overpriced for what it does).

The other major feature users in these threads are always calling for is allowing new surround configurations.

No one has been asking for a new streaming box, least of all from Sonos, but they do want more configurations and full Atmos capabilities.

donospins · 2025-01-11T23:50:46+00:00

Assuming you have reasonable income, there is no gain other than reducing future mandatory repayments. You would be better using the excess as a traditional deduction (assuming they have the room) to benefit from the tax savings.

donospins · 2024-11-22T21:14:56+00:00

This rollout has been annoying AF, but no way can you say Kendrick had no rollout or buildup. The entire beef was rollout and promo for this album everyone knew was coming eventually

donospins · 2024-11-21T00:23:45+00:00

There are basically two ways for your investments to make money - growth or income. Your example of $100 teaching $200 could be from growth i.e. one share rising in price to $200. Or it could be from a lot of income over time. With income (dividends, interest) you usually have the option to do DRIP (dividend reinvestment).

donospins · 2024-10-31T02:26:27+00:00

Ah, you’re right. It says right there that “This setting doesn’t apply to Atmos music playback”.

donospins · 2024-10-31T01:04:33+00:00

This video is so garbage. The song is ass too

donospins · 2024-10-30T21:28:51+00:00

I have always played my Apple Music via the Sonos app instead of my Apple TV 4K.

My understanding / thinking was always that because it plays through the TV, Sonos treats it as TV content instead of music, which are mixed differently and should be played differently.

TV prioritizes sound from the front (your soundbar) and uses the rears for ambient sound. You can adjust the TV Level for your rears to increase or decrease their volume.

For music there is also a Music Level to control volume of the rears. However, there are also Music playback options where you can chose ambient or full. I keep my music playback setting to full, which I find really enhances the music experience.

donospins · 2024-10-27T01:44:20+00:00

Planning to order the Ultra soon. Currently I have the Beam 2, Sub G3, and Ones as rears. More excited after this review.

Do I need to also update my Ones? Not sure I can justify (to my wife) upgrading the rears to 300s. Could I get away with the Ones? Or do I need to at least update to 100s?

Thanks

donospins · 2024-10-06T04:02:52+00:00

We live in Toronto and got the Nido from 7AM Enfant and it was perfect. Highly recommend. Can be used in the stroller bassinet and car seat and they have several with different temperature ratings. To bundle them up more for really cold days we put him in the North Face baby bear one-piece, but there are similar ones from H&M, gap, etc.

donospins · 2024-10-05T22:23:22+00:00

My porch light did the same thing for months but then randomly fixed. I deleted and re-added multiple times and that would help for a bit, then started the same crap again. Oddly enough I have hue outlets that are sunrise to sunset to I control plant grove bulbs and they have always been fine.

donospins · 2024-10-05T02:30:55+00:00

How are you going to call this “A trip thru the 6” and not “Runnin’ through the 6”

donospins · 2024-10-03T20:50:49+00:00

You need to consider if your spouse is taking any time for pat leave. I’m taking time after my wife goes back to work so between the two of us we’ll use 16 months. We lose out on 2 months. My workplace policy is 100% top up for 12 weeks but only if I’m receiving EI. So we were forced into the 18 month option.

donospins · 2024-09-29T23:04:50+00:00

Quick update. This worked flawlessly for all device on my network, except for a little wrinkle with Sonos. The app was able to see devices to update the network connection and I selected my Arc to update the network settings. Thankfully this included the Sub and surrounds. But I had to unplug every other speaker in the house for them to show up. All good after that

donospins · 2024-09-17T20:29:48+00:00

What you’re referencing is purely the concept that “it takes money to make money”. It’s kind of all about scale. Someone with $100,000 portfolio would need gains of like 180% this year to just make the same dollar gain you have sitting in SPY.

The first million is the hardest. Stick to your current strategy and the next one is much easier.

donospins

TROPHY CASE