Short answer. No. As someone who deals with textiles every day I always shop in person to feel the fabric and make sure colours and grain are spot on. Sorry I can’t help. It also depends on the type of fabric you’re buying.
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An interesting new product from EQ - you get 4.5% if you set it up so you can take out your money with 10 days notice, 5% if you have a 30 day delay. So it’s midway between a GIC and a savings account. (rates can change at any time, unlike a GIC)
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« The Notice Savings Account is not currently available in Quebec. »
We can’t have nice things here 
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You have nice cheese for sale in your corner stores. Lack of access to fancy banking promotions just balances things out for the rest of us. 
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I may have to switch a couple of my accounts with them to this. Thanks for the heads up!
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Account switched!
Anyways, for anyone that’s interested the Y is doing a participaction month, and at the end providing 1 month free of the Y at home online classes and workouts to all participants.
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Happy Canada Day, eh!
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Can someone send me a tangerine referral?
Does anyone have experience with WealthSimple?
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Will send it.
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Yes and yes after nap
If you still need a referral I can send mine too!
I have my RRSP, TFSA and just opened a cash account with Wealthsimple so feel freeto ask your questions!
Candy sent a referral!
I set up my accounts to transfer over to wealth simple today.
The only thing that isn’t equal to or better than qtrade so far is that the resp’s have to be actively managed instead of self managed.
It’s funny, doing my investing on an app instead of on the laptop. Somehow it feels very young. Am I 20 now?
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You are 20 in your heart 
but if you want to feel older, you can still access their website. I use Wealthsimple Tax in my computer to file my tax returns and there is no way I would do this with the app lol
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I’m old and cranky and refuse to do taxes with software that keeps my data. I also refuse to pay for tax software. That leaves me with Genutax, which is much less slick looking but my tax info is stored on my own computer and it’s free.
This doesn’t matter to my life right now, but it will one day and I’m stuck in bed so I want to learn something.
If I’m drawing down my taxable investments first in retirement, is it better to focus on investments that are growth (no dividends) so my income is largely only affeccted by the cap gains tax, or dividends, so the dividend tax credit rules my return?
I’m googling but the info I’m finding isn’t targeted at a fire type situation.
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I think it’s better to draw down fairly evenly, and look at it as an opportunity to rebalance your investments to the risk tolerance you want. I don’t want to be too heavy in either dividends or growth because I don’t know which is going to win over the next decade.
Playing with the WS tax calculator for MB with no other money coming in
50k in eligible dividends, nothing else, 939 in tax
50k pulled from your investments, which you originally paid 25k for and then grew to 50k, so 25k in cap gains - 0 in tax
How we’re doing it:
- withdraw the dividends that came in the taxable account, because we’re going to be taxed on them as income anyways
- pull out about 15k each from rrsp to help melt them down so when it comes to required withdrawals at age 71 they aren’t too big (also helpful if you want to create a good estate with less tax exposure)
- take the rest we expect to need as from taxable with cap gains
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I have no idea what you’re talking about.
My oddbunch foodbox continues to be good. Continues to be more than the $40 value ($15 in grapes alone) and the sale and coupon code continue to stack.
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I had been thinking that while I have taxable investments I’d keep contributing to my RRSPs, then when the taxable is empty I switch to a RRSP/ TFSA withdrawl combo. With CPP and eventually OAS and RDSP it’s going to be complicated and I will for sure have more questions.
At the moment it’s a decision about what to put in my taxable account. Swap-based ETFs make no taxable anything until they’re cashed out, so I don’t have to factor dividends or anything else while I’m contributing and not withdrawing. I don’t want the added complication of dividends or interest right now.
You know much more than me about this stuff, is there anything I’ve said that raises questions for you, or you have reasons to do differently?
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I suspect I don’t know enough about swap based ETFs to say anything meaningful. Or about how your taxes are set up with the rentals and other instruments you need to support your kids long term.
My bias is to try to avoid more complicated instruments because I don’t think the risks are as well understood and they tend to have higher fees, which for me doesn’t get compensated for with the advantage of no dividends.
When I played out the scenarios and our expected cashflows, pulling out non registered money first and then going to RRSP looked like it would be more in total taxes assuming the system stays similar to now.
The other piece of the puzzle is that we don’t know what will happen to taxes in 20 years, so I would prefer to have flexibility and money in different spots than optimized for something that a future govt could change. (My parents got very messed around with a tax change that they were not anticipating, my mom is still angry about it.)
One of the challenges with the non-registered account is that it can be expensive to unwind a big decision - we have 19% of our investments in a taxable account with e-series funds. We can’t just easily switch over to a cheaper MER fund on that. Which for me is another reason to aim for flexibility instead of all in on one optimized approach.
ETA: with all that said, we have too much home country bias atm imo, which is from me letting the tax advantages of canadian dividends sway my decisions. This will naturally be rectified by us taking out a ***ton of money from the shadowy one’s non registered accounts to pay for a new kitchen.
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The swap based etf thing is because Canadian couch potato said they’re the best thing for a taxable account and I haven’t looked into it since. Basically it’s an ETF that internally reinvest all dividends so it grows but doesn’t show up on my taxes until I sell. Now that I know more I think I would choose something else, but it’s fine how it is for now.
I’m hoping in the next few years to end up with no rental income and no kid expenses, just income from disability insurance and CPP and investments. Then when I’m 55 disability ends, then when I’m 60 the rdsp can be cashed out all at once or over time. I’ve tried to spreadsheet all the pivots but I don’t really understand taxes that well and it’s all in too distant a future to be able to solidly predict.
I’ll be back with more questions at some point.
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