Guy Anderson

Portfolio Manager, educator, author, planner

[Guy Anderson @gandersToronto]

@BenRabidoux happened to a friend of mine. spent a couple days in Mexico prison returning from Cancun

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

I built a deliberately ridiculous tax scenario to show how it is much more important to focus on your effective marginal tax rate - which includes benefit clawbacks - compared to the headline marginal tax rate.

It also shows how different types of income matter.

It also hopefully provides an educational opportunity for lower income households.

This is highly technical, and has a lot of small print with explanations.

Before anyone gets too upset, remember that effective rates can only be this high because the support programs exist in the first place, and naturally they are income tested to ensure only those who need the support can qualify for them... but, this does create the possibility for dramatic scenarios like this purposefully built one.

[Guy Anderson @gandersToronto]

totally valid points.

[Mark McGrath @MarkMcGrathCFP]

I hate the 4% rule.

Especially for Canadians.

For the uninitiated, it says you can withdraw 4% of your portfolio at retirement, and adjusted for inflation, you won’t run out of money.

It’s an interesting concept.

Here are 7 reasons you should ignore it.

👎

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

With couples with one high earner and one non-working spouse, you'll often hear that getting a certain level of income to the non-working spouse is important because they can earn a certain amount "tax free" due to the fact that everyone has access to the Basic Personal Amount (BPA) tax credits which offset all tax liabilities on low levels of income.

The tax-free part of this statement is not accurate, and the mechanics of how this actually works is very often misunderstood.

When one spouse does not have enough income to use their BPA, the unused portion gets transferred to their higher income spouse who can use it to reduce their tax payable. As the lower income spouse begins to report their own income, that spousal credit transfer is reduced, resulting in more tax paid by the higher income spouse.

So, it's not tax-free for the family unit. A more accurate statement would be to say that the lower income spouse's income is taxed at 20-25% (depending on the province) at the household level.

If you can shift income from a high earner to a low earner, it still makes great sense... but be sure to understand what's really happening overall so as to not overstate the benefits during your analysis.

[Chris in Canada 🍁 @tsxman]

Updated TD bank #REIT charts. $HR.UN rocking a 7.7% implied cap rate despite being 80%+ best in class US multifamily & T.O industrial. $NRR.UN my last pureplay Canadian residential REIT after two takeouts in the past year not including my two foreign focused residential names.

[David Chilton @wealthy_barber]

Last week we asked for your #1 money goal for 2026 — here are a few of the thoughtful, honest answers you shared.

[Chris in Canada 🍁 @tsxman]

TD, laying down the case for Canadian #REITs to be a top performing asset class in 2026 after multiple years of underperformance, which has historically correlated to very strong rebounds in the subsequent years.

[FP Collective @FP_Collective_]

Covered Calls: What People (Still) Get Wrong
by Benjamin Felix
https://t.co/MXdSjb2xcW

[Guy Anderson @gandersToronto]

@wealthy_barber @jasonpereira just ordered my copy.

[Guy Anderson @gandersToronto]

@AaronHectorCFP I want mint back.

[Guy Anderson @gandersToronto]

@WalhoutF ever heard of morningstars retirement smile? I think it's a research report from 2013

[Guy Anderson @gandersToronto]

@JasonWattBCC @Caesar828726 ac

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

If you had $50k available to invest, and you just had a child, what's the optimal way to fund your RESP to maximize it’s long term growth potential?

This thread is a fairly deep look at that 👇

There are two typical answers to this question, but the real answer is deeper.

[Guy Anderson @gandersToronto]

100% agree. cra is absolutely tone deaf and considering they originally devised this years ago, they're also incompetent
https://t.co/hdo0FOQ1lb.

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

When Doug Runchey talks CPP, you should listen.
Doug explains ‘the truths’ about combined CPP and survivor benefits /via @globeandmail https://t.co/2J2wOqFOpE

[Guy Anderson @gandersToronto]

@jasonpereira I remember you and I driving to sun life head office to discuss aldas maybe 10 years ago.

[Jason Watt.CAD @JasonWattBCC]

I want to take a moment today to talk about #probonofinancialplanning
Since 2016, I have been doing this work thru a number of service agencies in #YEG. @ceasenow being my first home for this work. Watched 🇺🇸 efforts with envy. Now, @fpacanada is heading up nat’l efforts. Join!

[Guy Anderson @gandersToronto]

@MoneyGal @UofT @Princeton beautiful tribute.

[Guy Anderson @gandersToronto]

@CameronPassmore @PWLCapital @benjaminfelix @MarkMcGrathCFP I listen to every one of them. congrats on the success. it's well deserved, you've clearly put a lot of work into them.

[Guy Anderson @gandersToronto]

https://t.co/KfX1pqN7RY