I have CAD in RRSP. I have USD in personal account that I bought at very good rate a while back.. I want to invest in US stocks. I dont want to be buying US stocks from CAD RRSP and paying rip off exchange rates and fees to banks/brokerages. ...
Mar 5th, 2024 11:09 am
I'm trying to buy an RRSP before the deadline for 2023 (Tomorrow FEB 29 2024). Just spoke with a Tangerine Rep to ask : "When you buy an RRSP from an external bank account, does the RRSP receipt show today's date or the date they ...
Feb 28th, 2024 10:23 pm
Hi, I need some T1-OVP overcontribution help. I deposited $10k into our RRSP, but quickly saw the mistake as my remaining room was $4935. This math works out to an overcontribution of $5065. So then I withdrew $6,331.25 a few days later (I tried to estimate ...
Feb 28th, 2024 10:22 pm
Would anyone happen to know if the CRA ever reinstates one's RRSP contribution room due to their error? A CRA agent informed me that I had an excess RRSP contribution so I removed it from the bank. A second CRA agent noted that information was provided ...
Feb 28th, 2024 1:48 am
I think I screwed up and bought too much of RRSP from my bonus. Now if I continue my contribution with employer matching each month, by year end, I would be about $5K over. I think I am allowed to have $2K over right? so that leaves $3K over. How ...
Feb 27th, 2024 2:35 pm
Hi, I am expecting minimal income (probably $<10K of investment income) in 2024, versus about $125K in 2023 and I've never contributed to an RRSP in my ~14 years of working so I have my full amount available and want to minimize my tax bill prior to thursday’s RRSP deadline. I currently have ...
Feb 27th, 2024 1:21 pm
For tax purposes, I want to make a RRSP contribution but am cash-strapped so I'm going to transfer from my non-reg acct to my RRSP acct before the 29th deadline. I think the best transfer will be US dividend stocks to avoid the withholding ...
Feb 22nd, 2024 1:10 am
https://www.eqbank.ca/personal-banking/rspRSP 1 Year GIC = 5.2% Interest (Contribution deadline is February 29, 2024)Here are all their rates :Term Rate1 Year 5.20%15 Month 5.10%2 Year 4.85%27 Month 4.80%3 Year 4.65%4 Year 4.50%5 Year 4.35%
Feb 14th, 2024 2:20 pm
Hi RFD tax experts - is it worth it to contribute a lot of money to my RRSP (income is high) if I will try to start a business in the upcoming year (income will be low)? Some rough numbers for the previous year: Pre tax: 170k Take home: 96k
Feb 13th, 2024 1:24 pm
https://www.tangerine.ca/en/offers/save-faster This is for New Clients only. You can get 1, 2 or all 3 offers. Offer 1: Your Savings will earn a special 6.00% rate, including RSPs and TFSAs. Open your first eligible Savings Account within 30 days of becoming a Client. That’ll get you a 6.00% Savings...
Feb 6th, 2024 10:24 am
... is going after a big chunk of customer deposits at big banks. There doesn't seem to be a limit to the cash bonus, so if you happen to have a large RRSP, you'll get a bigger bonus, but then if you had a large RRSP, would you still care? 😂 Reward The reward is calculated based on cumulative eligible ...
Feb 5th, 2024 9:46 am
Probably not as good as the iPhone offer but it’s still something as there’s no max limit.Money has to be transferred before Feb 29th.
Feb 2nd, 2024 12:35 pm
I am strugeling to decide on RRSP portfolio to choose. I have a 15-20 year time horizon Amount 150k-200k My investment knowledge is basic at best. I am curious if I should choose conservative portfolio and wait for the market correction ...
Hello all,I have my RRSP in mutual funds with Tangerine. How do I transfer it to Interactive Brokers? Do I need to sell them first to RSP Savings at Tangerine, then instruct IB to transfer from Tangerine RSP Savings to my RSP at IB?
Hi, I currently have a National Bank Direct Brokerage RRSP that I am using for swing trading USD stocks. It works fine, except that it doesn't allow for conditional orders. My strategy is to put in buy on stop orders, with both a stop loss and profit ...
Only pro I can think of is that I can use "refund money" from the RRSP contribution for current expenses or invest in non-registered account. TFSA maxed already. Are there any cons to contributing in this situation? Know the general practice is to contribute ...
Jan 16th, 2024 12:58 pm
... that on a regular year. For 2024, her income will be about $18,000 since she will be on maternity leave. Is it wise to start withdrawing from her RRSP for 2024 and put that money into her TFSA since this year will be her lowest income year ever? When she retires, she will get a defined benefit ...
Jan 15th, 2024 2:37 pm
Not sure how lucrative this is but if you are in the market to open an TFSA and/or RRSP, looks like free money so why not. Two offers basically: 1. Earn $350: a. Open BOTH RRSP and TFSA with scotiabank by February 29, 2024 b. Make a minimum deposit of $3000 in BOTH ...
Jan 14th, 2024 10:23 pm
Received it in my offers in the app.Talked with their chat line, they said the rate is until March 31 which sounds weird to me because it takes some time to move money there. I was expecting March 31 to be the deadline to open the account.
Jan 4th, 2024 11:20 am
... Investment Amount* Eligible Registered Account(s) Cash Bonus $3,000 into any one of your new Eligible Registered Account(s) Either an Eligible RRSP or Eligible TFSA $150 $3,000 into both a new Eligible RRSP and a new Eligible TFSA (for a total minimum of $6,000 combined) Both an Eligible RRSP ...