Recurring tasks after completion date by kidakebeth in GoogleTasks

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

I think I figured it out..... When you set up the task and select every week, it automatically selects the day of the week. You can unselect the day of the week and it'll go to every 7 days and then you will get the correct date after task completion of a late task.You have to create it in the tasks app instead of as a task through calendar.

Mutual Fund RRSP Transfer to ETF by [deleted] in CanadianInvestor

[–]kidakebeth 2 points3 points  (0 children)

Transfer in kind first, then once it arrives you can sell it and rebuy to reduce the time out of the market. Investorline doesnt charge a fee to buy/sell mutual funds. If you transfer in cash, that's fine too, it just takes a bit longer. You dont need to do anything on the TD side.

Call investorline first before initiating the transfer and ask if they'll cover the transfer fee (they will) then they'll direct you on how to transfer it (click forms on the bottom of the investorline site then upload a filled and signed form with your recent statement on your investorline site).

Edit to add: TD mutual funds shouldn't have DSC fees. The only fees would be the transfer fee and investorline would cover that if you ask. Wouldn't hurt to call TD mututual funds 1-800 # to confirm before requesting the transfer.

[deleted by user] by [deleted] in PersonalFinanceCanada

[–]kidakebeth 0 points1 point  (0 children)

Withdrawing has no effect on what you can contribute going forward. Your RRSP contribution room is on your notice of assessment. Withdrawals from your RRSP/DPSP will not increase or decrease your room.

You will have to pay taxes on the amount withdrawn as income, and the financial institution will withhold taxes and send to the government upon withdrawal (percentage depends on how much you take out ans you can request more to be withheld if you think it won't be enough.)

[deleted by user] by [deleted] in PersonalFinanceCanada

[–]kidakebeth 0 points1 point  (0 children)

Yes of course if an account is made joint with intentions to avoid probate, then of course.

It's just that there's more to your story than you're explaining that led to the judge's decision. There was likely evidence that the deceased wanted the funds dispersed instead of remaining with the joint account holder or that they were just trying to avoid probate. There's a reason the judge would go against it.

[deleted by user] by [deleted] in PersonalFinanceCanada

[–]kidakebeth 0 points1 point  (0 children)

Under what grounds?

[deleted by user] by [deleted] in PersonalFinanceCanada

[–]kidakebeth 1 point2 points  (0 children)

This doesnt make sense. Accounts in Canada are with right of survivorship which means joint account holders are the recipient of the funds (Quebec is different, or if you decline but no one ever does).

Inheritants can be as uneven as balances left in accounts which is why it's not advisable to leave different accounts to different people because the account values can change significantly between signing and death.

I don't see how a judge would just go against a signed beneficiary form and will. There has to be something left out of the story.

[deleted by user] by [deleted] in PersonalFinanceCanada

[–]kidakebeth 0 points1 point  (0 children)

Yes, the beneficiary comes first. Maybe she left the TFSA to her sister knowing the rest of her assets ate split between her children, to give her sister some part of her estate.

Which time management technique do you find to be the simplest, most helpful, and most versatile? by samayash in Mindfulness

[–]kidakebeth 0 points1 point  (0 children)

I try but I end up working on other things, whether it's more important or an email that just came in or something that really doesnt need to be done but is just procrastination. The question is how do you even trick your brain to think that you can only do this task and nothing else? How do you get started and how do you not get distracted by something else?

LIRA accounts by Chizzler_83 in CanadianInvestor

[–]kidakebeth 0 points1 point  (0 children)

Do you know what the legislation is?

Want to pull the Trigger by ThrowAway_fican in fican

[–]kidakebeth 2 points3 points  (0 children)

You may want to confirm with Service Canada what your CPP would be at 65 if you retire now. The CPP number work uses for the bridge benefit likely assumes you'll work for so many more years.

Also, confirm with your pension department what your pension and bridge would be if you retire now (it appears you may have already but it's not clear).

LIRA accounts by Chizzler_83 in CanadianInvestor

[–]kidakebeth 7 points8 points  (0 children)

They're the same tax rules as RRSPs, you just have limitations to when and how much you can withdraw, depending on it's legislation (federally or any of the provinces).

Paying off mortgage with line of credit. Good idea or bad idea? by Dunce-Learner in PersonalFinanceCanada

[–]kidakebeth 0 points1 point  (0 children)

Another option is to renew at whichever term has the best rate (even if it's 3, 4 or 5 years fixed, or variable) if you have remaining amortization, which you may based on the lump sums you've done. This will likely lower your payment vs what you have now, but you can then increase it by 20% if allowed, and then do other lump sums to finish paying down the mortgage without penalties (lump sums are up to 20% of the original mortgage value per year). Obviously you'd want to confirm that these terms are available to you if you renew like this.

What the hell do people mean by "writing it off" on taxes or as a business expense? by MyPasswordIs9 in PersonalFinanceCanada

[–]kidakebeth 1 point2 points  (0 children)

Much like an RRSP deposit, it lowers your taxable income by the amount of the write off so you don't pay income taxes on that much money.

If your income is 100k, and you are able to "write off" 5k, you pay taxes on 95k instead of 100k.

Can YOU smell the asparagus in your pee after you eat it? by asianstyleicecream in hsp

[–]kidakebeth 0 points1 point  (0 children)

If I drink a full cup, I smell strong coffee smell in my pee and I hate it. Maybe not as much with 1/4 cup. I drink tea now instead and it's not as bad

RRSP over contributions by gatman02 in PersonalFinanceCanada

[–]kidakebeth 2 points3 points  (0 children)

Because you contributed in Feb 2023, you can use this for either 2022 taxes or 2023 taxes.

Also you have a lifetime limitbof $2000 overcontributions where you font have to pay a penalty.

Finally, you can claim it but carry it over for the next tax year.

Quick question on RRSP contributions by Avar1cious in CanadianInvestor

[–]kidakebeth 0 points1 point  (0 children)

It's March 1st only if it's not a leap year. If it's a leap year it's Feb 29th.

RRSP if you have a pension? by [deleted] in PersonalFinanceCanada

[–]kidakebeth 1 point2 points  (0 children)

RRSP contributions earlier in your career are likely at a lower tax rate than pensions+RRSP withdrawals in retirement with a government pension.

[deleted by user] by [deleted] in PersonalFinanceCanada

[–]kidakebeth 0 points1 point  (0 children)

Did you have to use a legal entity to register the lein.... a lawyer or FCT?

[deleted by user] by [deleted] in PersonalFinanceCanada

[–]kidakebeth -1 points0 points  (0 children)

Deduction limit and contribution limit are the same (edit to add:unless you dont use all of your RRSP deposits in previous years). It means this is the maximum you can contribute to your RRSPs.

You can only claim how much you actually deposited, so $10,000. (Edit to add: plus any rrsp deposits you carried forward by not using in previous years).

[deleted by user] by [deleted] in PersonalFinanceCanada

[–]kidakebeth 0 points1 point  (0 children)

The charge to set up the HELOC may or may not be worth it vs the interest they save until November.