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¡llɐ-ɹoɟ-ǝǝɹɟ ʎɐpıɹɟ

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¡puǝʞǝǝʍ ʇuǝllǝɔxǝ uɐ ǝʌɐɥ puɐ ǝɹǝɥ sǝʇopɔǝuɐ puɐ sʇɥƃnoɥʇ `sʞuıl sʍǝu ɹnoʎ ʇsod ¿ǝɹǝɥʇ ʇno ƃuıǝǝs noʎ ǝɹɐ ʇɐɥʍ os

–ʎɹǝllɐƃ ɯɐɔɥsɐp ɹoʇlɐǝɹ :ɐɐǝɹʌ
–ɹǝʇuǝɹ ʇɹɐɯs ʎǝuoɯ ɐ ǝq oʇ ʍoɥ
–sǝıɹoʇs ɹoɹɹoɥ ɹǝuʍoǝɯoɥ ǝƃɐllıʌ ɔıdɯʎlo
–ƃuıuıɐldɯoɔ ʇou sɹǝʇuǝɹ ǝƃɐllıʌ ɔıdɯʎlo
–¿ɐpɐuɐɔ uı ǝɔɐld ʇsǝq ɐʍɐʇʇo
–uoıʇɐlɟuı sǝɯıʇ xıs dn sǝɔıɹd ɔǝqǝnb
–unɹ llnq ɯoɹɟ pǝʇɐlnsuı oɯıɐuɐu
–sǝɹnsolɔǝɹoɟ ɟo poolɟ :sǝıɹoʇs ǝɹnʇɔıd
–

:ʇɐɥɔ ǝɥʇ ɟɟo ʞɔıʞ oʇ sǝıɹoʇs ʇuǝɔǝɹ ʍǝɟ ɐ ǝɹɐ ǝɹǝɥ ˙pɐǝɹɥʇ uoıssnɔsıp ɔıdoʇ uǝdo puɐ dn-punoɹ sʍǝu ʞǝǝʍ ǝɥʇ ɟo puǝ ɹɐlnƃǝɹ ɹno ɹoɟ ǝɯıʇ s,ʇı suɐǝɯ ʇɐɥʇ puɐ ¡ǝɹǝɥ sı puǝʞǝǝʍ ǝɥʇ

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Anonymous

@patriotz: …The only difference is that your net return for the RRSP depends on the relative tax rates at contribution and withdrawl. If equal, returns are the same…..

And the other thing you can't ignore is claw-backs. When you income gets too high, claw-backs for services start to kick in, and RRSP withdrawals are considered income while TFSA's are not.

And, God only knows (actually I doubt even he/she knows) what new claw-backs are in store for all of us over the next few years.

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Anonymous

@Bums Up2: …..Hi, thanks for replying! Your post is a little light on content so I’m not sure what you’re confused about but the two 15k withdrawals I’m referring to would be in separate tax years. So, the idea is that you’d be taking out a chunk (tax-free) from your TFSA, which is not counted as income, and a portion from your RRSP, which is, but would barely be taxed at all since, as you point out, $15k of income does not generate much of a tax obligation. …… I think you're missing my point. The $15k, $5k or $1k that you cash out of your RRSP is not treated separately from the rest of your income in any given year; rather it's added to it. So, if your entire income for the year is only that $15k, the you're… Read more »

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patriotz

@Bums Up2: Assume you want to invest $10K out of pocket. For the TSFA that's $10K. Say your marginal tax rate is 25%. For the RRSP you put in $13.33K, and get $3.33K back, net $10K out of pocket. So your original investment has tripled. For the TSFA you take out $30K. For the RRSP you take out $40K, pay $10K in tax, and keep $30K. The only difference is that your net return for the RRSP depends on the relative tax rates at contribution and withdrawl. If equal, returns are the same. And it doesn't matter how you split your investments between the two. You could make the case that you should put higher growth investments into the TFSA because you will be less likely to move up a bracket on withdrawl. On the other hand, the TFSA is… Read more »

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Bums Up2

@Anonymous: Hi, thanks for replying! Your post is a little light on content so I'm not sure what you're confused about but the two 15k withdrawals I'm referring to would be in separate tax years. So, the idea is that you'd be taking out a chunk (tax-free) from your TFSA, which is not counted as income, and a portion from your RRSP, which is, but would barely be taxed at all since, as you point out, $15k of income does not generate much of a tax obligation.

Hope that helps and welcome to VCI!!!

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Anonymous

@Bums Up2: …..If you need it all at once and take out all $30k you come out about $5k (over 15%) ahead after taxes. If you split that $30k into two $15k withdrawals you hardly pay any tax at all, and come out about 25% ahead of a TFSA-only strategy. …..

"If you split that $30k into two $15k withdrawals you hardly pay any tax at all". I'd like to be paying tax in that bizarre universe where you apparently pay taxes, because here in Canada, when you withdraw fund from your RRSP, it's treated as income so you pay tax at whatever the rate is for the rest of your income. So, unless your only income is that $15k, your taxes are going to be significant.

Of course, TFSA withdrawals are tax free.

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Bums Up2

@patriotz:Like I say I'm not an expert but I don't see how you can call it a wash between the two. Assume you can triple your money over x years. $10k in a TFSA nets $30k tax-free. $10k in a RRSP + $3k reinvested into a TFSA leaves you with $39k: $30k which is taxable in that RRSP, and $9k tax-free in your TFSA. If you need it all at once and take out all $30k you come out about $5k (over 15%) ahead after taxes. If you split that $30k into two $15k withdrawals you hardly pay any tax at all, and come out about 25% ahead of a TFSA-only strategy. Now, go back to my strategy and assume asynchronous growth in the two investments: high-risk growth in the TFSA, safe boring stuff in the RRSP. Say, TFSA $15k… Read more »

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patriotz

@space889:

Rather you come across as supreme know it all who’s here to teach the Chinese what’s right, what’s wrong, what’s good for them, and what they should do.

Like if I immigrated to China the Chinese wouldn't be telling me exactly the same things?

Every immigrant to Canada is making an undertaking to obey the law and respect the rights granted to its citizens and residents. And one of those rights is that the infirm cannot be discriminated against.

The message comes through loud and clear that you think the Chinese are some kind of master race who have the right to practice their cultural norms anywhere they want. Well they don't.

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patriotz

@space889:

Didn’t they also not put the hospice next to a student fraternity house because students complained they can’t party at night?

I believe you mean the Totem Park residence. The frat houses are nowhere near the proposed hospice.

Are we supposed to excuse the condo owners for trying to deny the human rights of those in need because a bunch of adolescents didn't want to bring their drinking under control? At least the latter didn't pretend that the hospice residents would cause them some kind of mysterious harm.

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space889

@Renting: Agree and nice point about the homeless shelter. 🙂

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space889

@patriotz: To you maybe. Sorry but you are not the supreme being who gets to decide what's right and what's wrong, what's valid and what's not. Just because you think some reasons are stupid doesn't mean they aer stupid to everyone. You might be objecting to some issues based on reasons others think are stupid and baseless. While you think you are helping, you really are not because the way you come across is not someone who has a disagreement and want to discuss, educate, etc. Rather you come across as supreme know it all who's here to teach the Chinese what's right, what's wrong, what's good for them, and what they should do. Sorry that type of approach is just not going to work very well and frankly make things worse off. If you want to effect change then… Read more »

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space889

@patriotz: Didn't they also not put the hospice next to a student fraternity house because students complained they can't party at night?

I don't agree with the protest reason from the residents but I can see how some might feel that way and it will affect property values. However if what I heard is right about hospices sites being rejected by reason such as can't party at night then I have no reason to object to reasons like ghosts and bad luck as such, regardless of race/religion/color. To me, both are just lame excuses.

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patriotz

@Flip Flop:

How about a post debating the stances of the Cons, Libs, and NDP and the impact of their policy platforms, as it relates to the impending crash of RE in this country?

The "stances" of all parties regarding the Canadian RE bubble and inevitable bust are that of the ostrich.

I suppose though you would discuss which of their platforms would survive the bust the best.

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Flip Flop

@ Pope et al:

How about a post debating the stances of the Cons, Libs, and NDP and the impact of their policy platforms, as it relates to the impending crash of RE in this country?

Maybe we can get a little attention from some of them.

Either way, it should make for some great back and forth in the comments.

FF

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joycer

TD raises rates: http://ca.finance.yahoo.com/news/TD-raising-mortg…

The posted rate for five-year closed mortgages — one of the most popular types of loans for Canadian home owners — will rise to 5.69 per cent.

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草泥马

@painted turtle:

ah, and you are forgetting – it's a slippery slope!

where does it end?

kudos to the poco council for building the homeless shelter – i know the area quite well, and the fact that residents are bitching about this is ridiculous – they stashed it behind the Brick Furniture Warehouse, a Steve Nash Fitness World, a Lordco and a Superstore. I think the nearest homes are at least 3 or 4 blocks away.. (and those homes are shite anyways) 😉

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crashcow

Full video up..

The next housing shock
http://www.cbsnews.com/video/watch/?id=7361572n&a…

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painted turtle

NIMBYs are found in all communities, of course. But if a poor Asian community were complaining about power lines not being Feng Shui or a Christian community that they hear to whispers of the devil in the wires, people would laugh at them.

Now, why do we listen to these complains about ghosts at UBC? And why do we give them credit even if they are against the Canadian Charter? Because many in the UNA community, including white boomers, are happy to play the card of cultural sensitivity, to protect property value. Shame on them. And they are heard in the media. It is the double standard that is not acceptable.

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Anonymous

According to "Agent Will", the weekly sales reached its peak during the week of Mar 20 to Mar 26. And declined sharply thereafter. Here you go with the numbers (the number excluding certain areas):

Feb 13 — Feb 19 737

Feb 20 — Feb 26 711

Feb 27 — Mar 05 791

Mar 06 — Mar 12 745

Mar 13 — Mar 19 773

Mar 20 — Mar 26 896

Mar 27 — Apr 02 697

http://agentwill.com/weekly-stats/

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patriotz

@Absinthe: What I’ve never really understood is why Shanghai and other non-Western countries have such high prices compared to the western world. Because individually titled properties, by and large, are only for those with the highest incomes. The common folk live in rental apartments or in the case of China ex-communist apartments which don't have marketable titles. Or in squatter slums. As well, most 3rd world countries have much higher levels of unreported income than we do. That makes comparing price/income with Western countries meaningless. You have to look just at the incomes of the segment of the population which does own – which in many cases does indicate a bubble today. But the point is that their price/income has always looked high compared to ours, because it's not really measuring the same thing. I also think VanMag is comparing… Read more »

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Laibach

@Laibach:

FYI… I'm sarcastic please.

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Laibach

Why hospice when you can have this in the backyard. Soon to be seen on Robson.

http://www.thetruthaboutcars.com/2011/04/chinese-…

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vote Cons

fixie guy GO FUCK YOURSELF, that is a message from another Caucasian.

You, patriotz and BPOM ruined this site with your bigoted rumblings.

go find yourself KKK site and start jerking over there and leave this site for RE talk.

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4SlicesofCheese

@Patiently Waiting

I have the perfect solution. Trade the homeless shelter with the Hospice.

Two birds with one stone.

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Absinthe

Anyone see the piece in Vancouver Magazine about the idea that we're at the "median" level in terms of affordability when compared with cities around the world? It was irritating, but made me think. The article we've got an index of 9.07 (average price home/average income). They say we rate with Sydney, Oslo, San Fran. (San Fran, I should note, is in the process of dropping.) Then they mention that Shanghai and Islamabad have indexes of 40 and 50. Therefore, suggests VanMag we are affordable to those Richersons from Shanghai. And Canada is easy to immigrate to. Plus, VanMag says, HAM is coming to Quebec and then from Quebec moving here, and that there are 6000 HAM investor families coming to Quebec every year. Which could be true, but I don't remember that our interprovincial numbers are that much bigger.… Read more »

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Anonymous

@Renting: …..Both are really objecting to the same thing. They believe the proposed change whether it be power lines or a hospice will lower their property values……

Except, that power lines would actually reduce values and nobody would argue that point. Only a greedy asshole would presume having a hospice next door would reduce property values (which, of course, it wouldn't). And, anyone who really wanted to live there (as opposed to a speculator) wouldn’t care, even if there might be an impact to values.

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