Personal Finance Canada

Each week, we invite you to join this open conversation on a wide range of financial topics. Whether you're interested in real estate, investments, the stock market, salary-related queries, or simply have general questions about managing your finances, this post is for you.

Feel free to participate, regardless of your level of experience or specific interests in finance, and share your questions and experiences!

Since to my knowledge, WS trade doesn't allow Norbert's gambit and has a 1.5% forex fee, then does that leave Questrade as my best option to convert $USD to $CAD? I'd only use that account to exchange and then withdraw.

I have shares in Computershare that are no longer restricted (I can sell), however they are listed as 423b Subject to disqualification. If I sell them before waiting the full 2 years for the $USD shares to be qualified, do they get taxed as regular income instead of capital gains? Planning to convert to $CAD to invest after selling.

We chat about real estate, mortgages, and everything related.

Hello everyone,

I've noticed that participation in our daily posts has been declining lately. This makes me wonder if these posts are still meeting your expectations and interests.

Do you think I should continue posting daily? Do they add value to our community?

Please feel free to share your ideas, suggestions, and opinions. If you have any other proposals for improving our community, I'm all ears.

EDIT : Following the first comments, it seems we're going to move to a weekly discussion thread, probably on Friday or Monday. Thank you all for commenting and don't hesitate to chime in if you have any other idea or opinion.

It’s Monday, the start of a new week.

Ask your embarrassing, silly, or worrisome questions. Come learn and discover without judgment.

Finance is a combination of luck, good/bad decisions, and a little bit of chance!

Let’s talk about your ups and downs! What successes did you have this week? Who messed up?

Come talk about your job, your salary, and everything related to it.

It’s time to talk about investments, no matter how diverse they may be. Whether it’s in stocks, cryptocurrencies, ventures, let’s discuss them! Ask questions, discuss the markets, or compare your portfolios.

We chat about real estate, mortgages, and everything related.

It’s Monday, the start of a new week.

Ask your embarrassing, silly, or worrisome questions. Come learn and discover without judgment.

Finance is a combination of luck, good/bad decisions, and a little bit of chance!

Let’s talk about your ups and downs! What successes did you have this week? Who messed up?

Come talk about your job, your salary, and everything related to it.

It’s time to talk about investments, no matter how diverse they may be. Whether it’s in stocks, cryptocurrencies, ventures, let’s discuss them! Ask questions, discuss the markets, or compare your portfolios.

We chat about real estate, mortgages, and everything related.

It’s Monday, the start of a new week.

Ask your embarrassing, silly, or worrisome questions. Come learn and discover without judgment.

Finance is a combination of luck, good/bad decisions, and a little bit of chance!

Let’s talk about your ups and downs! What successes did you have this week? Who messed up?

Come talk about your job, your salary, and everything related to it.

To maximize your 2023 tax savings with an FHSA, remember to make your contributions before December 31st. Unlike RRSPs, there's no option to carry over the first 60 days of 2024 contributions.

Additionally, if you're planning to contribute but lack the funds this year, consider opening an account and depositing a nominal amount, like $100. This strategic move will increase your carry forward room for next year to $7,900, which can be added to your regular $8,000 contribution limit, granting you a total of $15,900 available for contributions. Failing to do this could limit your next year's maximum contribution to just $8,000. Don't miss out on these opportunities!

https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/first-home-savings-account/tax-deductions-fhsa-contributions.html

It’s time to talk about investments, no matter how diverse they may be. Whether it’s in stocks, cryptocurrencies, ventures, but also Pyramid schemes, Ponzi schemes, multi-level marketing, and slot machines (cc @[email protected] ), let’s discuss them! Ask questions, discuss the markets, or compare your portfolios.

We chat about real estate, mortgages, and everything related.

I've seen a lot of people mentioning EQ bank to have the emergency save since it offers 2.5% interest.

Just recently knew about wealthsimple with 4% https://www.wealthsimple.com/en-ca/spend

So I'm wondering if you guys know any drawback on saving in wealthsimple instead of EQ.