ByrneShill’s Activity

Tue Mar 31

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Boards Post

ByrneShill replied to the Canada (General) board. 4:21 PM

Re: Blowing $15,000 a year on rent....

Jory Amar and his girlfriend Ali Kates, a 27-year-old early childhood educator, were forced to seek financing outside of their bank when it refused to pony up the cash for their first home

Cause, obviously, someone [more]

Mon Mar 30

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Boards Post

ByrneShill replied to the Canada (General) board. 2:06 PM

Re: TFSA after death

You buy a stock in your tsfa for 1$.
You die a year later. At the moment of your death, the stock is 10$.
Your son sells the stock the day after you die, for 10.01$.

The taxable cap gain is 9.01$. That's how it works. It's [more]

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Boards Post

ByrneShill replied to the Canada (General) board. 1:12 PM

Re: TFSA after death

The article is very clear, you have until the end of the year of death plus one more full year to transfer the money.

That's if you transfer it to your spouse. I was saying I wasn't sure what happens if you're not married and sell [more]

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Boards Post

ByrneShill replied to the Canada (General) board. 12:37 PM

Re: TFSA after death

Any investment growth earned after the date of death on a non-trusted TFSA will be taxed in the same way as any other non-registered investment contract and reported to the beneficiary or estate as applicable.

The CRA counts cap gains [more]

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Boards Post

ByrneShill replied to the Canada (General) board. 12:33 PM

Re: TFSA after death

It's kinda weird that they transfer it like that though. I imagine one could marry a dying person who's pennyless, fill his/her tsfa, and inherit it when he/she dies. Do it a couple times and you essentially remove the cap on tsfa [more]

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Boards Post

ByrneShill replied to the Canada (General) board. 12:01 PM

Re: TFSA after death

Great if you have a spouse. If you don't though, make sur you sell anything that's in positive territory the day before you die. Otherwise, the way they count it is that they tax you in capital gain when you sell, just like if it had never been in a [more]

Sat Mar 28

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Boards Post

ByrneShill replied to the Canada (General) board. 11:34 AM

Re: Norbert's gambit

Anyone has done it with DLR/DLR.U? My broker show DLR.U as listed in Toronto, not NY. So how do they even know it's in USD? Can securities be traded in USD on the TSX?

I already see myself wasting an hour to explain the whole NG to the rep [more]

Fri Mar 27

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Boards Post

ByrneShill replied to the Canada (General) board. 12:15 PM

Re: Norbert's gambit

The 3% was just a guess. I just checked and here are the numbers for Nat Bank direct brokerage:

CAD to USD: 1.23530
USD to CAD: 0.79030

If you invert USD2CAD, the rate is 1.26534. The difference is 0.03004, so the spread is [more]

Thu Mar 26

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Boards Post

ByrneShill replied to the Canada (General) board. 4:33 PM

Re: Norbert's gambit

I'll check with my broket (Nat bank) if I can do that. They probably won't allow me to have negative amount of shares of anything, anywhere, in any RRSP account, but I guess it'll be time to move on to a greener pasture then.

The spread they [more]

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Boards Post

ByrneShill replied to the Canada (General) board. 2:20 PM

Re: Norbert's gambit

Can you go short (-1000 BNS shares) in your RRSP with RBCDI? Or you have to use a stock which you actually own?

Wed Mar 18

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Boards Post

ByrneShill replied to the Canada (General) board. 1:27 PM

Re: Bad News for ...

Btw I also left out rents, which is the biggest expense for most retirees who live alone, especially those with lower incomes.

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Boards Post

ByrneShill replied to the Canada (General) board. 1:26 PM

Re: Bad News for ...

That's exactly my point. Splitting incomes will only help a minority of people which are in an enviable position (high income) to begin with. Widows, single parents and people who get up in the morning to go to work get shafted.

Compare 2 [more]

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Boards Post

ByrneShill replied to the Canada (General) board. 12:12 PM

Re: Bad News for ...

@patlab: There's 2 income splitting possibilities:
1-You're a couple with child(s). The saving is capped. I think your 2000$ is in the right ballpark. This is the one the libs are talking about removing.
2-You're a retired couple. No cap as [more]

Tue Feb 10

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Boards Post

ByrneShill replied to the Canada (General) board. 2:00 PM

Re: Poll: Dead Cat Bounce

Ho, and btw, this is just my macro forecast. Of course, if I stumble upon a good undervalued canadian stock, I'll buy a few shares.

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Boards Post

ByrneShill replied to the Canada (General) board. 1:59 PM

Re: Poll: Dead Cat Bounce

Whenever you read "this time around might well be different", be very skeptical. We heard that during the .com years, during the housing boom, I bet it was said during the tulip craze.

Another point from the article is that they [more]

Fri Jan 30

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Boards Post

ByrneShill replied to the Canada (General) board. 1:35 PM

Re: Macro Outlook

I suppose that leaves it up to the borrower?

And if you let a kid eat anything he wants in a candy store, you can declare that the kid is controlling his candy eating.

personnal debt is now 168% of revenue. The average CC [more]

Mon Jan 26

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Boards Post

ByrneShill replied to the Canada (General) board. 3:38 PM

Re: Macro Outlook

There definitely is some control on mortgage lending. They check if you have a pulse for anything >500k$.

Honestly, for as long as the lenders can offload any risk whatsoever on the cmhc, there won't be anything that we can reasonnably [more]

Wed Jan 21

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Boards Post

ByrneShill replied to the Canada (General) board. 12:06 PM

Re: Macro Outlook

Yahoo tells me the rate shot up exactly at 10:00AM.

I definitely didn't see that coming. I've been heavily investing in US stocks (and VUN.TO) these last few months so I just made out like a bandit, but I'll readily admit it has a lot more [more]

Tue Jan 20

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Boards Post

ByrneShill replied to the Canada (General) board. 3:25 PM

Re: Macro Outlook

I'm very bearish on the canadian economy. I'll agree with you that the expansion of the US economy puts the BoC in the delicate position of either raising overnight rates to keep up with US rates, decimating the housing sector or let the USDCAD go to [more]

CAPS Stats & Trivia

CAPS Player Rating 86.77
Player Rank 9954 out of 75236
Score 923.45
Score Change Today +14.65
Accuracy 56.67%
Active Picks 26
Total Picks 31
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Average Score per Pick 29.79
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Boards Stats & Trivia

Three stars, 500 posts CAPS All Star
Board Posts 887
Recs Received 1426
People who have rec'd these posts 222
Recs to Posts Ratio (last 30 days) 0.30
Threads Started 43
Threads Started Percentage 4.85 %
Most Frequent Board Canada (General)
Very First Post Re: insider purchase (8/9/2007)
Percentage of Posts Rec'd 66.85 %
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