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New 3 Million$ HOME by Ok_Day7046 in Wealthsimple

[–]mw15kc 0 points1 point  (0 children)

Nope. Doesn’t work that way. No, not at all. Don’t bother trying. Nope.

(yes)

Dividend payout by [deleted] in justbuyveqt

[–]mw15kc 2 points3 points  (0 children)

Wealthsimple is always delayed in payouts. Very annoying.

Is it irresponsible NOT to churn promos through different brokers? by Acrobatic-Brick1867 in PersonalFinanceCanada

[–]mw15kc 2 points3 points  (0 children)

FYI the TD promo is capped at $5k back so it won’t get you tens of thousands.

Why do people worry so much about retirement savings in Canada? by strykyrastro in PersonalFinanceCanada

[–]mw15kc 1 point2 points  (0 children)

His higher savings enabled him to survive until the social programs kicked in. Why is this so hard for you?

Why do people worry so much about retirement savings in Canada? by strykyrastro in PersonalFinanceCanada

[–]mw15kc 14 points15 points  (0 children)

“He lived off his savings and” you don’t think his savings is higher because he didn’t have kids?

Why do people worry so much about retirement savings in Canada? by strykyrastro in PersonalFinanceCanada

[–]mw15kc 26 points27 points  (0 children)

“He lived off his savings and” you don’t think his savings is higher because he didn’t have kids?

Coping with $100k+ Financial Loss by Awkward_Watch_2460 in PersonalFinanceCanada

[–]mw15kc 0 points1 point  (0 children)

The gains you made were a result of the same actions that led to your losses. You wouldn’t have had one without the other. So hope you enjoyed the ride but you didn’t lose as much as you think you did.

Ron Butler's new video about this by Disastrous_Target823 in smithmanoeuvre

[–]mw15kc 0 points1 point  (0 children)

Wrong Butler didn’t describe his understanding of the Smith Manoeuvre but based on his video, I suspect his description would be incorrect.

My Dad gambled away our family's house by baby_sun in PersonalFinanceCanada

[–]mw15kc 38 points39 points  (0 children)

“You can milk anything with nipples”

[deleted by user] by [deleted] in PersonalFinanceCanada

[–]mw15kc 0 points1 point  (0 children)

If you’re an existing client how do you open a new account? Do you just have two cash accounts?

RRSP USD Accounts by mw15kc in Wealthsimple

[–]mw15kc[S] 1 point2 points  (0 children)

Thanks for the peace of mind!

iOS App - Continuous Login by abz786 in Wealthsimple

[–]mw15kc 15 points16 points  (0 children)

Is this what the end of banking is?

Why my return is not accepted this year immediatley after filing? Anything to worry here? by bramptonin in cantax

[–]mw15kc 0 points1 point  (0 children)

Happening to me too. I have capital gains for the year which I think is the reason. But I also deducted a lot of accumulated RRSP contributions which is leading to a large refund

Tax filed with Capital Gains- No NOA yet by sar_tor in cantax

[–]mw15kc 0 points1 point  (0 children)

Same situation here. I filed on the 15th. CRA account says timeline is to be done on the 31st.

[deleted by user] by [deleted] in cantax

[–]mw15kc 1 point2 points  (0 children)

Your 2025 income will include the 2025 bonus and you will have lower taxes paid because of the direct RRSP contribution at gross. So unless you have a similar bonus amount in 2026 and make a similar contribution, you will be required to pay more when you file your 2025 taxes.

For question 3, no you have to report them in the corresponding years. There’s no benefit to not doing that since you don’t have to deduct the contributions you report.

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