Michael

Father. Husband. Developer. Jays fan.

[Michael @d10k6]

@MarkMcGrathCFP Fair. As I likely won’t respond when you immediately reply back that it is.

[Michael @d10k6]

@MarkMcGrathCFP

[Aravind Sithamparapillai @AravindSitham]

February returns are in.

If you stayed invested through all the chaos of the last few years - Covid, rate spikes, Ukraine, tariff announcements - you earned every bit of these gains.

The proof is in the numbers. 👇

[Michael @d10k6]

@ytDavidPatton @zach_skaer @MindfulRE @YourAnonTV @grok Ask Grok if it has access to the dark web….

[Michael @d10k6]

@JasonWattBCC @AaronHectorCFP Done!

[Michael @d10k6]

@JasonWattBCC @AaronHectorCFP Thanks for this! It was an awesome read. Is that spreadsheet available by chance?

[Michael @d10k6]

@ThomasConnop @MPelletierCIO @djctrades @realCTZN She can just fly back to Canada and skip the US altogether, just like she will on the way down.

[Michael @d10k6]

@BradHersack @MarkMcGrathCFP People YOLO’d and won.

[Aaron Hector, R.F.P., CFP, TEP @AaronHectorCFP]

My take on this article that has been making the rounds and making people upset:

See thread below:

https://t.co/eJYW3ciIL8

[Michael @d10k6]

@KevinAr14200180 @ilikefastintern @MrsDrBee @OJoelsen Because they are including EI/CPP and probably work benefits and maybe a pension which makes it seem like it is a lot of tax.

[Michael @d10k6]

@MarkMcGrathCFP @AravindSitham @JuliaChungFP @CPA_Ontario XEQT is so May 2025…it is June….ZEQT or bust! ;)

[Michael @d10k6]

@jfrankie91 @MarkMcGrathCFP In Canada?

[Michael @d10k6]

@kytmagic @MarkMcGrathCFP Sure but, as I mention, some are making the switch just because of who owns the fund, if that wasn’t enough, this reduction might sway even more. Especially if you have no trading fees, the effort is almost nothing.

[Aaron Hector, R.F.P., CFP, TEP @AaronHectorCFP]

For those with children aged 0-17, as you contemplate whether or not you want to make a RRSP contribution in the next couple of weeks.... add the amount from the below grid to your normal marginal tax rate to get the real value of your RRSP contribution.

For example, a household making $100k with 3 kids would have an extra 8% tax benefit on top of the marginal tax rate of the contributor. So if the contributing spouse had a 30% marginal tax rate that would mean the RRSP contribution is actually worth 38%.

Note: if household income is too high, there will be no CCB and the above breaks down. Please comment below if you'd like to know where that point is for different situations (ie. tell me how much income you'd need to still get CCB if I have 3 kids, aged 2, 4, and 7.. to which I would reply $262k household)

[Michael @d10k6]

@LooniesAndSense @MarkMcGrathCFP *was halted?

[Michael @d10k6]

@MarkMcGrathCFP This enough?

[Michael @d10k6]

@LooniesAndSense @MarkJHermann @MarkMcGrathCFP FEQT is only 90% equities which breaks from the *EQT “standard” set by the early *EQT funds

[Michael @d10k6]

@MarkMcGrathCFP My take is always, if you are starting fresh, XEQT has a slightly lower MER, but if you already own one or the other then don’t waste your time, keep doing what you are doing.