ArcticCrusher

Those are just temporary.

When it comes to hot women, there isn't a racist bone in my body.

Aren't you a bit pissed when these are the idiots the government ends up having to lend a hand. The only difference is poor choices.

We have a second retirement income plan that does not get funded by CPP called OAS (Old Age Supplement) that gets funded through regular taxation for those who make less in retirement. Once your income goes above around 72K its starts to get clawed back.

Yes I understand that. The reason though is cause most are hopeless when it comes to personal finances.

I bet they are, really.

You would be surprised to see the power of compounding and why I always say, start saving early.

Ouch.

Wait, this ain't it?

We seem to get some renting cottages around us. Good they are embracing the Canadian way, but dog sledding?

Always gotta be prepared for the unexpected, esp with those tour bus tours.

My 97 Nissan had a hole rusted out right in the fucking oil pan, JB Weld fixed it.

Just a little colder here and we'd be fucked.

Dattu experienced a climate emergency.

He might but you don't.

Wow. Think about it. Why would a GIC get a preferential tax treatment? Maybe Barb can chime in.

You must not be paying attention then.

OK, so Asian, Indian and general purpose minivan drivers go hand in hand.

No, GIC's are taxed at the highest tax rate in Canada as they are taxed as pure income, regardless of what investment vehicle they are in. In an RRSP you accumulate any gains tax free until you decide to flow them out. At that time they are taxed at your normal marginal income rate, ie there is no tax efficiency. In a TFSA whatever you make grows tax free. In an investment account, GIC's are taxed twice what a tax efficient stock or similar would be.

Pure comic gold. What kind of GIC's negative one? Can you try and explain the bold please.

Tom is a good spirit. For someone who is not only OK but justified being shorted over 7 figures to help deal with those who can't help themselves.

I understand I can drop dead tomorrow. That doesn't change the plan in any way unless I'm only thinking about myself. Like CPP we can't get out of it or I would have. Heck I would have said fuck the wife's public pension cause I can do better myself and proved it. But we're stuck. So what are we trying to say? Spit it out.

Without interest though. I know, I know.

So what are we doing then? So much wasted knowledge goes on in here.

In a nutshell.