Okay, I know the world’s burning. But here’s our theme of the week: it’s all about you. Not them.
In your own life, actions taken will be far more consequential than events swirling outside. That includes a global pandemic. Political turmoil. Rogue Kenworths. Or the economic stuff – inflation, interest rates, taxes and markets.
Happiness may be too lofty a goal. So aim instead for contentment. Get a few loyal friends. Find the right partner. Stay married. Learn to share, have empathy and be patient. Adopt an animal. Let it teach you to live in the moment and temper your human urge to fret and control. Time is the greatest asset you’ve got. You can always earn, borrow or steal some money. Time? Nah. It’s finite.
Having accepted that, a life without enough money means discontent. You can be young and poor and joyous. But age and penury is an awful mix. Thus, worry not about the generation you were born into, but how you can make the best possible use of the days of your life.
That brings us to Tuesday.
In an era of change, volatility and rapacious government, one of the best possible actions is to escape – or at least seriously defer – taxation. The best tool Canadians have is the RRSP. And Tuesday is the deadline. If you act before then, $27,830 can be deducted from taxable income for 2021. It could save you ten grand or more. And from that moment on (until 71), the funds grow in a taxless environment. The deliciousness of that will only augment as the screws tighten on Canadians going forward.
Herewith are my three fav RRSP strategies among all the possible ones we’ve parsed here over the years.
First, the contribution in kind.
It’s possible to make a contribution without having extra money sitting around. Existing assets may be transferred into a registered retirement plan. That immediately allows the value of the transfer to be deducted from your 2021 taxable income, and all future growth will not be taxed until far in the future allowing for more compounding and swelling. In essence, you’re selling yourself assets you already own and getting paid to do it.
Of course, the transfer is a taxable event so any increase in the value of the things contributed will be treated as a capital gain. Any losses will not be deductible in future. But you know what the No.1 investment holding in Canada is? Right. GICs. They can be used as a contribution in kind without a big tax hit while all future interest (until you invest in something far better upon maturity) will be untaxed. Plus, claim the deduction. The GIC’s fair market value will include accrued interest and you probably need to move the thing into a self-directed account with the same bank. Until you escape.
Second, the spousal plan.
Earn more than s/he does? Then this will allow for some serious familial income-splitting. Open a spousal plan with your squeeze as annuitant. Contribute into it up to your own contribution limit (18% of earned income, to the $27,830 mark). Although the funds go into an account your sweetie owns, you claim the entire amount as a deduction from your own higher income.
How does this income-split?
In retirement. Instead of having all registered funds in one person’s name, taxed at their marginal rate at time of withdrawal, the money can be split. The tax rate is likely lower. All good. Additionally, the person making more and contributing to the spousal plan, gets a fat tax break while working. The lower-income, less-taxed spouse takes the money out at their own rate. Big win.
Remember that funds must be kept in the spousal plan for at least three years. Any withdrawals before then will be attributed back to the contributor and lumped on his/her/theirs/its annual taxable income. Unless you’re having a big fight, don’t.
Finally, the targeted hit.
The key thing to remember about RRSPs is the richer you are the greater the benefit. High-income earners net a bigger tax break than ordinary schmucks, since contribution reduce taxable income. The higher that income, the worse the marginal tax rate and the more profound the savings. So, in theory, it would make sense to save up RRSP contributions earned in the early years of a career to zap taxes later on when you become CEO.
But that would mean eschewing the tax-free compounding aspect of a registered retirement plan for years, if contributions were not made. So it’s a good thing people can shovel money into an RRSP, see those funds invested for taxless growth, and still save up the contribution room for the purpose of reducing taxable income.
This is because there’s no rule saying an RRSP contribution needs to be declared and deducted in the year it’s made. The money can swell, bloat and multiply happily within the plan and you can save the deduction for a higher-income year. Or maybe when you sell something and need to offset a capital gain. Or retire and commute a pension with a taxable portion.
Just three examples of simple actions with clear benefits. Beats the hell out of bitching.
About the picture: “Castle, the doberman, is a good boy,” write Dennis and Colleen, from suburban Ontario, “who is the protector of our new grandson a few months ago! Thank you for everything this blog has taught us.”
207 comments ↓
Speaking of things one can control, there’s an equity sale happening right now! What’s unknown is whether there will be a bigger sale tomorrow or the next day…pitter, patter, get at’r!!
#184 Old Boot on 02.23.22 at 2:31 pm
That there are two sexes is indisputable.
—
Intersex people would strongly dispute your claim. Anatomically female people with a y chromosome (genetically men, but anatomically female) would also argue if they cared. Chances are they don’t until a person like anyone among the ten or so who are hotly pro JP comes and effs with them and tells them to pick.
#181 KLNR on 02.23.22 at 2:00 pm
JP, the dumb guys smart person.
like rogan and alex jones, JP certainly knows how to make money off the rubes though.
—
Yep, grift. Just like the televangelists. A patina of moralizing coating a core of greed. It’s no surprise that elements of the right (very broadly speaking) that eschew education as a “liberal” thing are also subject to, and the source of, all kinds of grift. I actually think JP has less grift in him and more power intoxication. But, the result is the same. Unfortunately, there’s an endless supply of grumpy middle aged men (incels and MGTOWs among them) who will pay to see him until he’s too old to take up the mic.
I’m happier to be content than content to be happy
Don’t want to fret, get a pet, want to fret, have kids.
That’s what we are fighting for, out kids, because their lives are hopefully longer than ours and will need to live by our leadership, or lack thereof.
If you want to listen to the Senate – it is live now (a good speaker right now at 3:00 and going strong for 1 hr or so): https://senparlvu.parl.gc.ca/Harmony/en/PowerBrowser/PowerBrowserV2/20220223/-1/10554
#174 Sail Away on 02.23.22 at 1:46 pm
‘[Racism is] literally everywhere.’
—
I just reviewed this. You are also putting words in my mouth. I thought that was beneath you, but am not surprised.
Dogs are great
beer is good
people r ???
spring is in the air
Obviously it’s tough to predict the future, but it occurs to me that the government is likely to view ‘anybody with investments’ as ‘the wealthy’, thus ripe to be taxed more.
Do you reckon Ms. Freeland will include taxing the TFSA (possibly if it does more than x transactions a month, or grows too much) and diddling with the tax rate on the RRSP in the budget? I have to imagine the amount of tax-free income sitting in TFSAs would put a tidy dent in the deficit if they could tax it, and that something can be done to collect returns on the RRSP, no?
Contentment? Oh, man…Content? I can be content out the yin-yang…but where is the fun in that? You only got one shot, right?
Do, do, do…let’s go! Contentment comes later. Like with most of the people who comment here; contentment is commenting 50x….b/c that’s all they got (how could one infer less?)
Learn what makes you happy, sad…get those neuro systems working. Strive for more…set the bar…then set it again! Komm schon, Leute…do you think it was LUCA’s purpose to be content?
Then, when you’re too tired to search anymore…start an argument or complement or give….
I digress…sorry, couldn’t get past contentment. I’m sure the rest of the post was very informative.
Og
“In an era of change, volatility and rapacious government, one of the best possible actions is to escape – or at least seriously defer – taxation. The best tool Canadians have is the RRSP.”
Or an airline ticket. The COVIDIANs can stay masked into perpetuity if they please. They can have the next generation of the Trudeaux trust fund, err… dynasty to rule over them as well.
I’m opting out of Canada.
With Spring well on its way and the resuming of outdoor grilling season I have a couple of tips for all of you all.
2 lbs of ground chuck will give you 5.3 6oz burger patties. So take 5 softly rounded teaspoons of pancake mix and incorporate that before forming your patties.
Your burgers will actually fluff while on the grill.
Tip #2: Salt is a curing agent and as such should not be incorporated into the ground beef mix. It messes with the protein strands (as it is supposed to) and that gives your burger patty a sausage like mouth feel, a spring or bounce back in the bite. You want that lux burger mouthfeel just leave the salt out.
Add in all the minced onion, garlic you want, use powdered onion or garlic, sure. But say no to salt.
Same advice goes for meatballs, meatloaf, etc. Unless you want that sausage like bite to it.
That .3 of burger mix from above? That is for the dog.
Castle – good name!
Good Afternoon Garth!
My reaction to today’s advice:
Yep, Yep, Yep and Yep.
Re Emergencies Act
Is it like the 3 wishes kind of fairy tale thing where you trick the genie by using the first wish to give you unlimited wishes?
Apparently the oversight committee will not be given access to so-called classified secret intelligence, so in what way can they exercise oversight in a legitimate way ‘in accordance with the Charter’, as the Act provides?
Senate – if you ever wish to go down in Canadian history as justify8ng your place there, think carefully before you vote
“You can be young and poor and joyous. But age and penury is an awful mix…” Indeed.
‘Castle’ has quite the snozz!
One of the many valuable nuggets of information I’ve garnered from this blog is that an RRSP contribution need not be claimed in the year it is made. While that flexibility isn’t something most folks would want or need to take advantage of, for those who could benefit it remains a handy tool in the kit of future financial moves to keep the tax hit as low as legally possible.
Garth – you forgot to mention the best road to contentment is wind therapy – riding a motorcycle ! And it doesn’t need to be a $30k Harley – any bike will do ! Have a great week !
Just waiting for the changes to all tax deferred programs.
And please don’t say it can never happen. Please not one word.
With the things going down the past few years and Justin in power, anything can happen.
And those “rate hikes”…. hahahahahaha
Happiness may be too lofty a goal. So aim instead for contentment. Get a few loyal friends. Find the right partner. Stay married. Learn to share, have empathy and be patient. Adopt an animal. Let it teach you to live in the moment and temper your human urge to fret and control. Time is the greatest asset you’ve got. You can always earn, borrow or steal some money. Time? Nah. It’s finite.
Thanks Garth, I will spread that wisdom around, if that’s okay. :)
>the targeted hit
Yep, feeling this right now. I didn’t take any RRSP deductions until now because well.. I’m an irresponsible lazy millennial who was more concerned with video games and work than getting my tax efficiency in order.
Well, I got a _really_ big windfall in 2021 and my tax rate for that year is 45%. Feels good to have a bunch of unused deduction room, I’m going to be ballin this szn :)
Garth….First, the contribution in kind.
******************
First. My English is far away from good, So, My question:
“the contribution in kind” mean that I can do contribution in cash?
Second. Excellent post with explanation hidden details from regular people. Thank you!
Behold the Nasdaq Bear
https://finviz.com/futures_charts.ashx?t=NQ&p=w1
Happiness may be too lofty a goal.
=======================
LOL People think its their right…..Ha
Just back from the Accountant. 2 corp year ends companies now consolidated to one thankfully, much more simple and efficient. That was expensive to do.
15 years ago the engagement letter was a small paragraph now 2 pages. Its the Gov making sure your in line and if ya cheat the account by law has to be the rat. They got us buried in paper and controls. Good bloody luck starting a new company.
Had to take a $85k Div so first time I’m contributing to my RRSP in a long while…headroom $108k so I throw $50k.
My REITs on fire especially ERE huge breakout. Was way undervalued at $4.25 just put on 10 points in a couple days. Still cheap and has a 3.4% Div.
REITs Bucking the general market correction.
#190 Sail Away on 02.23.22 at 3:00 pm
When beset, I tend to realistically assess my assailants and, in this case, they seem to be best described as idiots.
Anyhow, seems I didn’t quiiiite bottom tick TSLA for you. I tried man. I tried. I’d hate to see all the lemmings self-drive off a cliff of SEC, NHTSA and human rights investigations. Must be the envy.
#2 Faron on 02.23.22 at 2:55 pm
#3 Faron on 02.23.22 at 3:00 pm
#6 Faron on 02.23.22 at 3:08 pm
——–
That’s all yesterday’s news and completely irrelevant to today’s post, bro. Bluntly, a waste of space.
Speaking as a friend.
I just checked Flightradar. There are several Northrop Grumman RQ-4 Global Hawk snooping around Kyiv in the Ukraine. They are flying at 54,000 feet altitude. Earlier on this morning there were two Boeing RC135 Rivet Joint aircraft too. One Boeing was from USA the other was from the Royal Airforce.
I just received my shipment of freeze dried food from Costco. I am in the process of putting it away. Thankfully it has a 25 year shelf life. Prepare yourselves!
#11 Ustabe on 02.23.22 at 3:18 pm
Tip #2: Salt is a curing agent and as such should not be incorporated into the ground beef mix. It messes with the protein strands (as it is supposed to) and that gives your burger patty a sausage like mouth feel, a spring or bounce back in the bite. You want that lux burger mouthfeel just leave the salt out.
—
Thanks for the tips Ustabe. I’m skeptical about adding leavening to a burger, but will try it.
I’ll build on your advice about salt.
In bread baking, the same effect applies and timing the addition of salt is important. Here, chewiness is desired, so salt is essential (also for flavour and colour of the crumb). Salt interacts with the protein in flour to change and assist in gluten development that is critical for entrapping fermentation gasses.
But, the salt inhibits some of the fermentation activity, so the addition is best left for after an initial autolyse wherein the yeasts and bacteria get a chance to establish a foothold in the dough. Talking naturally leavened breads here. I always add salt after an initial hour of fermentation and usually in a mix of 50g water to the 25g salt (for a 1kg flour batch of bread).
Anyhow, I’m mostly vegetarian on climate change impacts grounds, but we have some ground beef in the fridge. And the sun’s out.
Thanks Garth!
Yes, I’m in total agreement. Enjoy the days, enjoy the weather, enjoy family, enjoy good food, enjoy life with dogs. On Vancouver Island, the crocuses are blooming and daffodils are starting. Spring has sprung. We’re grateful.
In the next 6 months, there is a possibility, that Governments, will introduce Wage and Price controls, starting, in the USA. This will be quickly adopted by Canada’s Leaders as it will become necessary. It sadly may be the best way forward, to address the enormous increase to the Global Money supply, and also realistically permit the less advantaged countries in the world, to catch up with Vaccinations, and Covid future challenges. Kind of a buy some time strategy, I hope that is co managed, with small regular preannounced, incremental increases to Global Reserve currency interest rates.
The Market could crash 50% from here…S&P hit bear market and now its considerably below 200 day moving average. All signs pointing to further declines. Next target for S&P would be around 4000.
Sell and you can always buy later.
There is no 50% crash in the cards. get a grip. – Garth
After they left, I started getting sorry that I’d only given them ten bucks for their collection. But the thing was, I’d made that date to go to a matinee with old Sally Hayes, and I needed to keep some dough for the tickets and stuff. I was sorry anyway, though. Goddam money. It always ends up making you blue as hell.
(last paragraph, chapter 15)
But wait, there’s more, Garth……
Never forget that RRSP contributions can greatly help you in purchasing real estate and beginning your journey up the property ladder through the Home Buyers’ Plan.
The prospects for growth in real estate look very strong ahead. Just look at this report out today – over 450% growth in property values since 1996.
https://www.thestar.com/business/2022/02/23/average-gta-home-price-increased-450-per-cent-over-the-last-25-years.html
Just imagine the next decades. Don’t miss out!
Put money in your RRSP asap.
The HBP is a corruption. I supported it once, but not now. – Garth
Just look into Castle’s eyes. Intelligence. One book I read said that all Dobermans should be named Einstein because they are so intelligent. Maybe we need a Doberman for PM.
#187 Gravy Train on 02.23.22 at 2:49 pm
Incredible. We get more Trumpian and conspiratorial by the day. – Garth
I am the least racist person there is anywhere in the world. – Donald Trump
Yeah. It’s hard to believe that the conservative party in the US was once the party of Lincoln and serious constitutional thought and actual rights. It shocks me and I don’t have much more involvement in Canadian politics than regular voting. For someone like Garth who gave blood, sweat and tears to the conservative party it must hurt far more. Ech.
In my view, it’s directly tied to changes in the media landscape that came about when Reagan era Republicans repealed the fairness doctrine from the FCC. Combine that with the introduction of cable news and a 24hr cycle and manufacturing dissent among viewers and listeners was critical for business and now on more solid legal ground. Rush Limbaugh, Fox News and Citizens United have all added to this base.
What shocks me is how fast this erosion is happening in Canada. I pin that on social media acting as an accelerant.
I’ll plug the Alberta Party here for those in that province. They are based on fiscal conservative principles and smaller government, but are socially progressive. I have family involved who are utterly rational and have positive outlooks and whom I admire not the least because they treat their gender non-conforming adult children with care and compassion and understanding despite having very traditional backgrounds. The party probably wouldn’t get my vote if I lived there, but they would garner my attention and I think they are a middle ground that the CPC should move toward.
What do you think… Does it make sense to get out of the market now if around June, July I plan to buy a house?
With the rates going up and Russia making this move, I wonder if this will be a prolonged market correction.
Thanks
#26 Sail Away on 02.23.22 at 4:02 pm
While it’s true that my posts are off topic (aside from mocking one of your single stock purchases that are not in alignment with Garth’s investing mantras) it’s not at all your place to tell Garth how to run his blog or moderate his comments section. So, kindly, shove it my daffodil romping, tick infested friend.
#33 The Honest Realtor
“The prospects for growth in real estate look very strong ahead. Just look at this report out today – over 450% growth in property values since 1996.”
That is not that great rate of a return. Any major dividend aristocrat most likely doubled that return. That does not include growing dividends annually either.
What’s all this nonsense talk about spring? Sudbury got 20 cm of fresh powder last night, and the 30KM of groomed and trackset cross country ski trails are absolutely glorious in the bright sunshine at minus 15.
Oil… up.. up she goes. Boy that Putin is pretty shrewd with recognizing the breakaway republics thereby giving him the moral high-ground and rhetorical ammo to defang the arbiters of freedom, democracy and self determination. If Biden had kept Trunq’s energy policies in place the EU would have a hope but as Russia gets richer by the day the closer the time comes when the EU will relent. No sanctions will force Putin to negotiate as Russia is mostly self sufficient in major industries now. Moreover, I figure Putin does not care if you freeze. See ‘elections’ do have consequences.
ps- Whoever wrote the cowering Justine part of the script back here in Canada with the whole convoy deception was genius.
Hey Garth & Fact Checkers
They just pulled the plug on the “Emergency Act”
My question: Was the Senate about to vote No and create a crisis for the Government?, so to head that off they pulled the plug before a Senate Vote.
It just seems suspicious fast, (not complaining) and the Senate had not voted yet but insiders must have know how it was going to go.
Several questions about getting out of the market.
Have we learned nothing from all these years of reading Garth?
Why do people continue to advocate selling when markets go down (rhetorical Q, reply not necessary). “Time in market” is certainly a far cry from “timing the market”.
We’re not youngsters, but we understand the ups and downs thanks to Garth. We’re at the top of the 9th, but not freaking.
Garth hasn’t really discussed this but there has quietly been a run on Canadian banks that has been picking up steam. Trudeau knows this so he is backing off now but the damage is done. The system is built on the confidence in it. Freezing people’s money without due process isn’t going to fly. People withdrawal their money and ask questions later.
False. There is no run on the banks. Insane comment. – Garth
This is why the passports are everywhere being revoked (at the regional levels). Our leaders are actors, playing their roles.
You didn’t assume that ‘normal’ is in the plan did you?
The New System is here to stay. Future lockdowns will be electronic in their nature.
https://telecoms.com/513608/dt-chosen-to-help-create-global-heath-passport/
“The World Heath Organization, which had such a great pandemic, wants to ‘facilitate’ its 194 member states to introduce digital vaccination certificates. To do so it’s setting up a ‘gateway’ to standardize the issuing of QR codes that confer privileged health status to their owner. Deutsche Telekom subsidiary T-Systems has been chosen as an industry partner to develop the vaccination validation services.”
#2 Faron on 02.23.22 at 2:55 pm
#3 Faron on 02.23.22 at 3:00 pm
#6 Faron on 02.23.22 at 3:08 pm
#25 Faron on 02.23.22 at 3:55 pm
#28 Faron on 02.23.22 at 4:05 pm
#28 Faron on 02.23.22 at 4:05 pm
#35 Faron on 02.23.22 at 4:21 pm
And it’s only 14:02 PST, maybe time to get a hobby, or your own blog.
#37 Faron on 02.23.22 at 4:25 pm
#189 Faron on 02.23.22 at 2:53 pm
#184 Old Boot on 02.23.22 at 2:31 pm
That there are two sexes is indisputable.
—
Intersex people would strongly dispute your claim. Anatomically female people with a y chromosome (genetically men, but anatomically female) would also argue if they cared. Chances are they don’t until a person like anyone among the ten or so who are hotly pro JP comes and effs with the m and tells them to pick.
**********
VSD conditions (intersex, for the ideologically blunted) are SEX SPECIFIC. CAIS, the example you gave, is a male XY specific VSD, just as Turner’s Syndrome is XX female specific. CAIS males, like Caster Semenya, can father children.
That someone requires more than a glance to determine their sex in no way results in a third, fourth, or fifth sex. 99.98% of the time, sex is correctly observed at birth. Outliers merely reinforce the binary.
Wolffian or Mullerian development is what determines sex, not the appearance of genitals. What gamete do these unicorns produce? Sperg? Spegg? That some people are unhappy with their sex doesn’t negate the binary nature of it.
Arguing that someone whose atypical karyotype marks them as something other than male or female is like arguing that people with the chromosomal mutation that produces Down Syndrome are not humans. Nice one. Maybe quit while you’re behind.
8 Rook
“Do you reckon Ms. Freeland will include taxing the TFSA (possibly if it does more than x transactions a month, or grows too much) and diddling with the tax rate on the RRSP in the budget? I have to imagine the amount of tax-free income sitting in TFSAs would put a tidy dent in the deficit if they could tax it, and that something can be done to collect returns on the RRSP, no?”
————————
Bona fide concerns IMO rook, but JT and CF must “sell” it as taxes on the “rich”. Here is what I could see happening:
– lifetime limit on TFSA (because only the “rich” have full TFSAs)
– RRSP contribution to become tax credit instead of deduction from income set at about the $130-160k
range. Income over that subject to full tax as those
people are “rich”
– Lower limit on pension income splitting so that large
pension holders pay more because they are “rich”.
– Not increasing OAP clawback from current $79k+/-
threshold because seniors making more than that are……rich!
– Cap gains inclusion to 75%.
Problem with the last one is that not everyone who receives cap gains are rich. So maybe a small yearly
limit on cap gains at the current 50% inclusion rate,
with no carry forward allowed. This could create a
small but steady tax stream.
An increases across the board to current tax rates.
Death (and taxes) by 1000 cuts.
I hope JT and CF dont read this blog…..
Well, well, well… the little prince in Ottawa has revoked the Emergencies Act, just as the Senate was moving closer to the numbers necessary to do the same (according to insiders). What a bunch of amateurs running this country!
Good advice as always.
In kind would be my choice esp. if you receive dividends from investments. Use them to make the in kind.
——————
Off topic…well, Ukraine crisis.
Lots of jet engine noise over Pordenone today. While looking online to see who it was I spotted a Cdn MIL aircraft flying just west of Milano, a CL60:
https://i.imgur.com/t6bdq3h.png *
I got way too interested…
Suffice to say, busy little plane. It was flying into Nice from Brussels (above image) and then on to Athens:
https://i.imgur.com/SF5PahQ.png
That plane has been around the block the last couple of days:
https://i.imgur.com/YgGe7N9.png
As I type 2 Cdn MIL aircraft over Europa, a C17 and a P3 Orion.
C17 in the last 2 days:
https://flightaware.com/live/flight/CFC4053/history
Nothing on the Orion (callsign disabled) but I have a good idea of where it’s headed (currently flying over Province, France in a SE direction):
https://twitter.com/CFOperations/status/1496270465211449361
——————-
* 2 AWACS + 2 Border surveillance aircraft – see traces.
In God we Trust. Everyone else we Monitor. Grazie Uncle Sam & Boris.
Canada stepping it up in Europa. Grazie Canada.
Off to Venezia Carnevale tomorrow. Should be fun.
——————–
PS:
Some on Twitter freaking out Russia sending out some Cruisers into the Mediterranean until I showed them this:
https://twitter.com/USNavy/status/1490827741234667520 and,
https://twitter.com/SHAPE_NATO/status/1491472967477383169
Considering Italia sort of sticks out into the Mediterranean (largest aircraft carrier in the Mediterranean) good to know we have some EXTRA help from our allies.
Emergencies Act Revoke
So for all of you conspiracy, New World Order, government’s enslaving us all types, the EA has been revoked after it did its job.
No it won’t be used to freeze all our bank accounts if we contribute to non-woke charities, no will not be used to imposed curfews, no it won’t be used to steal your f-150s to carry troops around.
It was used to end the illegal hostage taking of downtown Ottawa and blocking major trade routes with the US. And most people I talk to think it should have been used sooner.
Threat ended and the EA is no longer needed.
The inept Trudeau and his Liberal minions finally got it right after fumbling the matter for 3 weeks.
Hopefully he will act sooner next time a vanishing small minority of antivaxxers illegally try to impose their fake science views of the world on Canadian citizens.
You conspiracy, government enslavement adherents……
……you need to get hobbies, get out more, or maybe get a pet.
24 Philco
“Had to take a $85k Div so first time I’m contributing to
my RRSP”.
—————————————
Definitely need the acct to sort these messes out.
Now my understanding is the divvy will be at a reduced
rate of tax as the business has already paid corp tax on it. But it is not recognized as “earned” income, so you cannot reduce it with an RRSP contribution. My guess is that your corp also paid you a wage, and the deduction will be put against that, effectively knocking the legs out
of your total income to reduce the tax.
I generally do whatever my accountant tells me for taxes, but never for investing. I know some who either dont listen, or defer too late and get nailed for it.
29 Sailo
“Spring has sprung. We’re grateful.”
————————-
It’s 2C out there Sailo! Winter again!
2C might be spring for the ROC (rest of Canada) though…
#25 Faron on 02.23.22 at 3:55 pm
#190 Sail Away on 02.23.22 at 3:00 pm
When beset, I tend to realistically assess my assailants and, in this case, they seem to be best described as idiots.
——–
Ad hominem. No excuse. Shame.
#2 Faron on 02.23.22 at 2:55 pm
#3 Faron on 02.23.22 at 3:00 pm
#6 Faron on 02.23.22 at 3:08 pm
#25 Faron on 02.23.22 at 3:55 pm
#28 Faron on 02.23.22 at 4:05 pm
#35 Faron on 02.23.22 at 4:21 pm
#37 Faron on 02.23.22 at 4:25 p
++++++++++++
Dude, get some help. Seriously.
Ah yes..the “targeted hit”. I’ve done it once already when I left my job with the feds and used my large RRSP contribution room to offset the cash portion of my commuted DB plan. People thought I was nuts. I plan on doing it again with my DB plan from my current job with the city in a few years time.
#38 Leroy full on Indian food on 02.23.22 at 4:35 pm
#33 The Honest Realtor
“The prospects for growth in real estate look very strong ahead. Just look at this report out today – over 450% growth in property values since 1996.”
That is not that great rate of a return. Any major dividend aristocrat most likely doubled that return. That does not include growing dividends annually either.
_________________
Another math dropout it would appear. Or perhaps all that Indian food has put your brain in sleep mode.
Compare the two and it will become painfully obvious just how silly your cmoments are. None of the indexes can quite match that return, and that does include dividends in the calculation.
What it doesn’t include is the ~30% or so tax that you would have had to pay if the money wasn’t sheltered. No such thing with primary residence.
Bill C-16 Faron.
Booked marked this today in Twitter just for you:
https://twitter.com/StatCan_eng/status/1496530292223340544
Knock yourself out.
Sophomoric and WAY, WAY more funnier than The Onion:
https://babylonbee.com/news/trudeau-explains-he-just-needs-two-weeks-to-slow-the-spread-of-freedom
and yet again, they don’t like Chick-fil-A and their devoted followers:
https://babylonbee.com/news/iraq-war-veteran-thanks-chick-fil-a-employee-for-his-service
#171 IHCTD9 on 02.23.22 at 1:41 pm
The wokesters (white elites) are definitely having trouble adjusting to the fact that the West is increasingly less white, and everyone seems to be getting along just fine. The left extremists are clearly feeling the pressure – there just isn’t enough hatred in society to keep the doors open. What happens at the next protest when there is no violence and this time – zero swastikas?
Talk about a nightmare!
===
That’s true. Anti-white racism is predominantly a product of white leftist goons, who are unable to occupy their lives with anything more useful.
Here is a good analysis of the problem. Two years old, but still relevant:
https://nypost.com/2019/08/17/luxury-beliefs-are-the-latest-status-symbol-for-rich-americans/
Faron:
words and actions
https://www.cnn.com/2022/02/23/politics/january-6-civil-war-rioter-sentenced/index.html
” guilty verdicts in the federal hate crime case of the three men who killed Ahmaud Arbery. ”
https://www.antihate.ca/
838 hate groups across the U.S.
https://www.splcenter.org/hate-map
https://www.pbs.org/wgbh/frontline/article/after-jan-6-investigating-the-contours-of-a-broad-fascist-movement-in-the-u-s/
https://www.pbs.org/wgbh/frontline/film/american-insurrection/
=====================
using faulty science to promote their belief systems based on retracted papers —/paper mills
The case is just the latest involving the discovery of papers full of gibberish – aka “tortured phrases”
IOP Publishing has retracted a total of 350 papers from two different 2021 conference proceedings because an “investigation has uncovered evidence of systematic manipulation of the publication process and considerable citation manipulation.”
https://retractionwatch.com/
Hmmmm……from peaks
TSX down 5%
SP500 down 12% (correction)
Russ2k down 21% (bear)
‘DAQ down over 19% (just about bear)
NIK down 14% (correction)
FTSE Lon…..very little change….
One-year change: Dow +5%; S&P +8%; TSX +13%. – Garth
Castle’s gorgeous, Dennis and Colleen, and yes will protect your grandson with his life.
When our daughter was preggie, her German Shepherd would frequently lay his head on her growing belly, audibly sniffing. So he’s “known” the child longer than the parents!
Ugh! I wish people would stop cropping their dog’s ears.
#18 Jim on 02.23.22 at 3:37 pm
Garth – you forgot to mention the best road to contentment is wind therapy – riding a motorcycle ! And it doesn’t need to be a $30k Harley – any bike will do ! Have a great week !
—————————————————————-
Amen! Although I opted for the Harley, damn it feels good to twist the wrist.
I see lil potato and the dippers are feverishly walking back their actions…funny to watch.
oh and Faron, take the rest of the year off, nobody and I mean, nobody is interested in anything you have to say.
Amen,Garth…
The liberals now backtracking on emergency law.
Not enough support, domestic and outside, I guess… But the damage is done, freezing citizens bank accounts without mandates won’t soon be forgotten by many.
Now at least we understand what “soft” modern, technological totalitarianism would look like! Not need to drag people out of their homes when you can shut them down with a keyboard and a mouse!
Interestingly this protest although disturbing was entirely peaceful but more importantly it differed from leftists demonstrations (which are often violent) by the fact that these demonstrators didn’t ask for anything from the government, no money, regulations or privileges, all they wanted it to be left alone.
That I think is the kind of “unacceptable views” that scares big government socialists politicians like Trudeau the most. This explains the nasty reactions, insults and repression overreach They don’t want of need anything from them.
We’re crowdfunding for your relocation to Texas. – Garth
#53 Sail Away on 02.23.22 at 5:29 pm
O Lord, let me not be put to shame, for I call upon you; let the wicked be put to shame; let them go silently to Sheol.
#2 Faron “ Intersex people would strongly dispute your claim. ”
If I remember high school biology correctly, Sex is defined by what gamete you produce for reproduction. There are only 2 gametes, even for Intersex persons.
So, the Senate has crushed the drama teacher and his harpy.
Bank accounts will soon be unfrozen.
The system worked the way it was supposed to. Who knew?
The Senate did not vote. – Garth
So, the Senate has crushed the drama teacher and his harpy.
Bank accounts will soon be unfrozen.
The system worked the way it was supposed to. Who knew?
The Senate did not vote. – Garth
Correct.
Would I be incorrect to think Trudeau saved himself political embarrassment by withdrawing his Emergency Measures before the Senate got the chance to vote?
Yes, incorrect. – Garth
#59 jess on 02.23.22 at 5:40 pm
Faron:
Thanks Jess. The Frontline piece on the rise of fascism in the US is one I’ll read. After learning about the German “Day X” plots and conspiracies and seeing the very strong parallels with groups (boogaloo etc) events (Jan 6th or occupation of the Michigan state capitol) in the US, I’m beginning to see this as a serious problem. I’m quite certain that the reason that FINTRAC was brought into the handling of the convoy is because of these kinds of networks.
Having people on this blog utterly ignore the issue or claim that the opposite is true (anti-white racism, like WTF?) is really disheartening. But, as a climate scientist, I’m used to that kind of ignorance. Reading people here toe that line, especially those who adamantly do so is chilling even if they are harmless.
This past weekend in Portland, a far-right Andy Ngo follower opened fire on a group of demonstrators killing one. He was the second Ngo-er to have taken up violence. Aside from organized fascism, I think this kind of pot-shot violence from far-right people toting guns is on its way to becoming much more common. Unfortunately, the left will eventually have to arm itself with more than words and home-made shields. From there civil war isn’t too far off.
Do you have any links to send showing the use of paper-mills to manufacture truth to hateful ends?
Thanks again.
#46 Old Boot on 02.23.22 at 5:06 pm
#67 Elon Fanboy on 02.23.22 at 6:04 pm
https://blogs.scientificamerican.com/sa-visual/visualizing-sex-as-a-spectrum/
Also, watching the backpedalling happening now that the Emergencies Act has been shelved (because, duh, the occupation was cleared) is really amazing. Watching the spin unfold is equally amazing.
Garth, I’ll try to keep my responses to all this fan mail to a dull roar.
Considering Canadians are one “Emergency Act” from having their financial assets frozen (guilty until proven innocent, no judge, no jury, no recourse), an RRSP is the very last place I’ll be putting my money in this year.
Cash or gold. No interest but at least unable to be seized on a decree from on high.
PM did irreversible damage to Canadians’ banking confidence this week.
DELETED
It’s all about our friends in Ukraine today. Pray for Ukraine as the misguided Russians are on another badly planned military expedition where previous failures will be repeated. The days of Stalin won’t be repeated. Poor Pere Goriot in Honore de Balzac’s classic tale about extreme poverty in old age and dying in a poverty stricken tale of remorse and regret. Pere Goriot worked himself to death and lived in the most deprived circumstances to give all his life’s work and value and coin to an undeserving and uncaring bourgeouise daughter. A tale of great wealth and poverty that rings ture especially with the millinneal generation
Yes, the Senate didn’t vote. Justin magically reversed himself.
#68 The West on 02.23.22 at 6:05 pm
So, the Senate has crushed the drama teacher and his harpy.
Bank accounts will soon be unfrozen.
The system worked the way it was supposed to. Who knew?
The Senate did not vote. – Garth
——————————————————–
The Senate was going to vote it down.
I got it wrong, I thought they’d drop it on Monday before the NHP had a chance to vote it down, but they decided to commit political suicide instead, cowards.
As someone who has battled the NDP a lot more than the Liberals over the years, I can say that ever CPC candidate up against an NDP incumbent will beat them over the head about their support for totalitarianism.
The silver lining to all of this is that we won’t need to hear any more from the virtue signaling left when some tinpot dictator decides he will use the powers and force of the state to attack his political opponents.
It’s also opened up many people’s eyes to the power the state has over your finances and anything else that is registered with them. People thinking Canada had a sound banking system seeing the lines outside the banks of people trying to get cash being told there’s no 50’s or 100’s left, and restrictions are in place. Kind of like Greece 10 years ago.
Garth, you really should start promoting the insurance inherent in having accounts and business in multiple countries, like so many of the immigrants do.
56 Stan
#38 Leroy full on Indian food on 02.23.22 at 4:35 pm
#33 The Honest Realtor
“The prospects for growth in real estate look very strong ahead. Just look at this report out today – over 450% growth in property values since 1996.”
That is not that great rate of a return. Any major dividend aristocrat most likely doubled that return. That does not include growing dividends annually either.
…………………………….
Another math dropout it would appear……
None of the indexes can quite match that return, and that does include dividends in the calculation…….
What it doesn’t include is the ~30% or so tax that you would have had to pay if the money wasn’t sheltered. No such thing with primary residence.
———————————-
It’s a great discussion, but can we stop with the insults?
I checked in my area and it looks like RE slightly
exceeded the 450% since 96, but actually dropped if you went from 95. The TSX was slightly less, but increases if you shift back a few months to catch the recent market high. The S&P was more like 600%, although again varies depending on exact dates. I dont believe divvies directly enter into the index value
calculation, though their payout would lower cash
available for corporate growth.
The taxation comment is fair, though one also has to take into account property tax, insurance, mortgage interest – none of which are directly recouped. Theoretically, prop tax could lead to better amenities in the area, increasing property values in general.
Also some cost for required maintenance or upgrades which are reflected in the market price of an individual RE holding, and therefore would be averaged out over
the market as a whole.
And of course the imputed rent, but also imputed labour cost for work performed by the property owner.
Other than the ongoing tax, an index costs you an MER and possibly an advisor’s fee. And the TFSA could have sheltered some of that tax.
So a highly debatable topic, dependent on individual
properties, local RE markets and timing.
What I like about the investments, is you can sell just a bit, any time, for any purpose, tax effectively.
And while you cant live in an ETF, it can pay your
property tax, insurance, electricity bill….
#way-too-many-posts Faron
said… ‘far-right Andy Ngo”
“Far Left Faron” is much more alliterative!
FLF for short!
We’re crowdfunding for your relocation to Texas. – Garth
:) Please don’t, we don’t want anything happening to you, like joining Tamara.
@#62 Juan Gretzky on 02.23.22 at 5:50 pm
Ugh! I wish people would stop cropping their dog’s ears.
–
kinda surprised cropping ears and tails is still considered acceptable. the ultimate cruelty to your pooch just so it fits the ‘look’ you want.
#36 Nikolai on 02.23.22 at 4:24 pm
What do you think… Does it make sense to get out of the market now if around June, July I plan to buy a house?
With the rates going up and Russia making this move, I wonder if this will be a prolonged market correction.
Thanks
///////////
YES
#70 Faron on 02.23.22 at 6:18 pm
#46 Old Boot on 02.23.22 at 5:06 pm
#67 Elon Fanboy on 02.23.22 at 6:04 pm
https://blogs.scientificamerican.com/sa-visual/visualizing-sex-as-a-spectrum/
Also, watching the backpedalling happening now that the Emergencies Act has been shelved (because, duh, the occupation was cleared) is really amazing. Watching the spin unfold is equally amazing.
Garth, I’ll try to keep my responses to all this fan mail to a dull roar.
*********
I’ll let an evolutionary biologist respond to that pretty, but inane, graphic you linked to, which was compiled by a by a dude whose expertise is in graphics, and who thinks he’s a woman.
https://www.realityslaststand.com/p/sex-is-not-a-spectrum?utm_source=url
cobalt ?
“The bank boasts that its purpose is to serve its wealthy clients ‘with care and entrepreneurial spirit”
…”3500 relationships managers who find and serve wealthy clients are spread across the world. the leaked accts are liked to credit suisse clients living in more than 120 jurisdictions with a concentration of client in the developing world.
https://www.theguardian.com/news/2022/feb/20/credit-suisse-secrets-leak-unmasks-criminals-fraudsters-corrupt-politicians
https://www.theguardian.com/news/2022/feb/20/credit-suisse-secrets-leak-unmasks-criminals-fraudsters-corrupt-politicians
#38 Leroy full on Indian food on 02.23.22 at 4:35 pm
#33 The Honest Realtor
“The prospects for growth in real estate look very strong ahead. Just look at this report out today – over 450% growth in property values since 1996.”
That is not that great rate of a return. Any major dividend aristocrat most likely doubled that return. That does not include growing dividends annually either.
////////////////
You forgot you can buy it with high leverage and in the meantime you can live in it.
++
DELETED
Faron,
You’ve been unusually verbose the last few days…
New meds?
Or new Doctor AND new meds ?
Yes Garth, the senate did not vote. But there was a pretty strong signal indicating they would vote to strike down the act.
Senator Gould looked like a poor man in a hostage video contorting himself trying to defend the government’s position.
For a dude who has spent years railing about the big meanie Harper booting you from the Conservative Caucus, you certainly have been remarkably “ok” with our current dear leader usurping powers for which there was no need or legal justification.
Now back to inflation, a dumpster fire of a housing market, etc.
We’re crowdfunding for your relocation to Texas. – Garth
Can it be done for me? Seriously? My only goal in life now is to leave. Please anyone send me info on how to move to the US.
False. There is no run on the banks. Insane comment. – Garth
______________________
It is not false. I talked to my banker. People have lost trust in JT and are worried. Capital and business just needed 1 solid reason to divest from Canada, and JT just added 1 more. I also asked around, and most everyone ‘thought’ about doing it…so you know darn well that many other people did. One report of a guy said he was denied anything bigger than $2500 withdrawal. Left media could only try to write articles about how the freezing of accounts was not happening anymore, to PREVENT, people running out more money. Remember, the main media is only the mouth of the government. The government didn’t want to cause a bigger problem. In a few weeks, you might hear about the fall-out, when it wont’ spur a bigger problem for JT. Get out there and so some research, the information is all around social media. Small independent journalists are all around us!
Loved Senator Donald Neil Piett speech today.
Groyper movement, led by Nick Fuentes and Patrick Casey, that has opened up channels for young men to challenge mainstream conservatives.
Identity Evropa (later rebranded as the American Identity Movement),
Three men plead guilty to planning U.S. power grid attack, driven by white supremacy
By Kanishka Singh, Sarah N. Lynch
3 Min Read
(Reuters) – Three men pleaded guilty on Wednesday for their roles in conspiring to attack U.S. power grids, as part of a plot motivated by white supremacy to sow civil unrest and economic distress, the U.S. Justice Department said.
Justice Department officials have pointed to an increase in domestic threats stemming from white supremacists and anti-government militias.
https://truthout.org/articles/subpoenas-could-show-trump-admins-link-to-openly-white-supremacist-groypers/
DELETED
Trudeau reminds me of a ‘Little Potato.’
Gigi Becali networth is $500 Million.
@#89 Chris L. on 02.23.22 at 7:46 pm
False. There is no run on the banks. Insane comment. – Garth
______________________
It is not false. I talked to my banker. People have lost trust in JT and are worried. Capital and business just needed 1 solid reason to divest from Canada, and JT just added 1 more. I also asked around, and most everyone ‘thought’ about doing it…so you know darn well that many other people did. One report of a guy said he was denied anything bigger than $2500 withdrawal. Left media could only try to write articles about how the freezing of accounts was not happening anymore, to PREVENT, people running out more money. Remember, the main media is only the mouth of the government. The government didn’t want to cause a bigger problem. In a few weeks, you might hear about the fall-out, when it wont’ spur a bigger problem for JT. Get out there and so some research, the information is all around social media. Small independent journalists are all around us!
–
anecdotal evidence is the best kind of evidence lol.
@#88 Bankrupting Landlords is good for the Economy on 02.23.22 at 7:45 pm
My only goal in life now is to leave. Please anyone send me info on how to move to the US.
–
too bad for you the US is no longer accepting snowflakes.
Life moves pretty fast, if you don’t stop and look around once in a while you might just miss it.
Confidence in the Canadian banking system is caput. Some serious backpedaling going on. The RCMP’s list of targeted accounts was small and based on evidence gathered at the protest, you know, proper policing methods.
However the government heavily implied that those who only donated would also be targeted. Either the banks took it upon themselves to proactively freeze accounts not on the RCMP’s list, unlikely, or the government directly pressured the banks to do so with the aide of illegally obtained information, seems about right.
Senators, god bless ’em, were asking the tough questions because their cushy pay packets were not on the line like their lower house colleagues. Even if the Act passed in the Senate it would have done so with the thinnest of margins and the possibility of it being rejected was in the air.
So with push back from the banks and dissent in the senate, Mr. Socks does what every controlling narcissist does, he pulls the spotlight back on himself. But the threat still remains. He may have holstered his gun, but the threat that he pulls it out again is still there. Canada Inc is done for, Trudeau is weeks away from being ousted and the protests will continue.
You should be a fiction writer. So gripping. – Garth
#34 cramar on 02.23.22 at 4:20 pm
Just look into Castle’s eyes. Intelligence. One book I read said that all Dobermans should be named Einstein because they are so intelligent. Maybe we need a Doberman for PM.
————-
Not sure about intelligence.
After all they sometimes bite the hand that feeds them, and other people.
Not good for their popularity.
Ever watched “The boys of Brazil”?
#90 C 340 on 02.23.22 at 7:47 pm
Loved Senator Donald Neil Piett speech today.
——-
Agreed. Wonderful speaker, thoughtful when answering questions and continually respectful. More of this.
#93 FriedEggs on 02.23.22 at 8:08 pm
Trudeau reminds me of a ‘Little Potato.’
——–
And you remind me of a “Big Idiot”.
What a stupid comment!
#82 Old Boot on 02.23.22 at 7:17 pm
I’ll take the graphic (that I googled 3 seconds before replying to you because sex and gender is something I spend little time thinking about) that is based voluminous scientific research over a guy who likens sex to a motorcycle vs a bicycle and thereby self-pwns in this era of a slew of e-bikes and motorcycles of all kinds ranging from fully human powered, to souped up monsters.
It’s a well-written opinion piece, I’ll give you that. But, it’s not science.
Most importantly, why is this guy so worried about defining sex as a binary? Furthermore, why have you latched some firmly onto this hobby horse of yours? The discussion was about Jordan Peterson failing to acknowledge that white supremacy exists in Canada, not gender.
#53 Sail Away on 02.23.22 at 5:29 pm
#25 Faron on 02.23.22 at 3:55 pm
#190 Sail Away on 02.23.22 at 3:00 pm
When beset, I tend to realistically assess my assailants and, in this case, they seem to be best described as idiots.
——–
Ad hominem. No excuse. Shame.
——————
Hey, Sailo you new to the blog?
Or you found a new religion of compassion?
BTW, I think FARON has a female partner.
Not that there’s anything wrong with that.
#95 KLNR on 02.23.22 at 8:20 pm
too bad for you the US is no longer accepting snowflakes.
—
I heard it has something to do with climate change. Plz check.
#86 crowdedelevatorfartz on 02.23.22 at 7:30 pm
It’s okay karenbloviatingschmaltz. No one will threaten your crowning achievement of being the most frequent commenter to Garth’s blog during years 2019, 2020, 2021 and probably 2022. Not even Ponzerelli will catch you. Relax.
BTW — major cyber attack underway in Ukraine. This might be it.
All you RT echoing Putin apologists should be proud of your, however insignificant, contribution to any bloodshed that happens in Ukraine. Well done.
RIP your portfolio in the near term.
#82 Old Boot…..
—————
#70 Faron on 02.23.22 at 6:18 pm
#46 Old Boot on 02.23.22 at 5:06 pm
#67 Elon Fanboy on 02.23.22 at 6:04
I’ll let an evolutionary biologist respond to that pretty, but inane, graphic you linked to, which was compiled by a by a dude whose expertise is in graphics, and who thinks he’s a woman.
————-
Lol, yep. Faron links to a ‘woke’ article written by a non biologist that manages to talk about the definition of sex without once mentioning the role of gametes.
Scientific America is a pale shadow of its former self.
#84 You Forgot on 02.23.22 at 7:20 pm
#38 Leroy full on Indian food on 02.23.22 at 4:35 pm
#33 The Honest Realtor
-“You forgot you can buy it with high leverage and in the meantime you can live in it.
++”
-Absolutely. Even though it’s not for everyone, you can also add in the ability to tap into home equity to renovate or invest in the markets as well.
#36 Nikolai on 02.23.22 at 4:24 pm
-That’s a resounding yes. But, only if you can afford to buy the house without hurting your finances. Rising interest rates are going to prelude a new housing crisis, but it won’t be a redux of 2008. It’s going to be the opposite, with house prices continuing to rise out of reach for more and more people.
IDK
#86 crowdedelevatorfartz on 02.23.22 at 7:30 pm
Faron,
You’ve been unusually verbose the last few days…
New meds?
Or new Doctor AND new meds ?
——————–
Verbose?
With all those idiotic comments, any normal person would be.
BTW, CEF.
Happy Pinkshirt Day!
#103 Elon Fanboy on 02.23.22 at 8:59 pm
#82 Old Boot…..
#46 Old Boot on 02.23.22 at 5:06 pm
#67 Elon Fanboy on 02.23.22 at 6:04
Oh, sorry I didn’t mention your key word to signal a virtue you hold dear (inexplicably vilifying anyone who dares crawl out of the neolithic). Wait, that’s unfair to the neolithic who probably couldn’t care less about how anyone identified as long as the tribe was well fed.
Here’s the full issue of Scientific American
https://www.scientificamerican.com/magazine/sa/2017/09-01/
I tried to make it easy for you and give you a digestible summary graphic because it’s clear that pop scientific words would be too complex for you let alone the hundreds if not thousands of research articles that back up those in Scientific American. I imagine those would leave your high school biology in the dust and, you know, make you think for once. Heaven forbid.
In 2021, lottery players in B.C. won an incredible $891 million as BCLC handed out 102 million winning lottery tickets. More than $262 million of those winnings came from the Lotto Max draw and $42 million was from the Extra draw. So there is always this, People look poor but are they really? In Ontario and Quebec there is even more winning going on.
On Monday, Putin in a sometimes rambling speech, outlined his justification for an invasion of the Ukraine.
I copied the 1 hour long speech which was published in “Der Spiegel”.
It’s translated from Russian into German.
So, if you interested to hear it from the horse’s mouth, you probably need to use Google Translate.
So, if you want the facts, here are the facts.
https://www.spiegel.de/ausland/der-kremlchef-und-seine-drohungen-gegen-den-westen-putins-ukraine-rede-im-wortlaut-a-fab35f1d-3a2e-494c-af44-72798d2aa42c
Can’t control what’s happening with COVID.
Can’t control what is going on in Ukraine.
I’ll just focus on the disputed territory between my ears…
M47BC
Sailoway
Remember I said that was a top for TSLA back a $1200ish?
Way over valued. Rivian collapsed another over hyped piece of crap. $180 now $57…
Like the weed stocks, when everyone and their dogs in, RUN.
TSLA is not coming back anytime soon. I’m V good at this.
All these hi flying types and speculators are getting what they deserve. Way to risky for me.
I said DIR REIT and ERE were great valuations. Also inflation hedges.
Pay a sweet DIV too. Take the high flyers and buy something real.
REITs pay you to wait but WAIT their going up while markets crack. Dats a good omen.
90% of my loot is under my management. Not in the paper world.
Good luck bro and stop killing birdies.
And you Faron….OMG take a month off.
Get the wife to freeze the keyboard in a bucket of water.
DELETED
Ukraine is no threat to Russia. Putin might get exactly what he doesn’t want which is a hostile and angry nation of 40ish million people right next door to Russia. Sympathetic NATO countries like Poland, Lithuania, Latvia, Slovakia, Hungary, and Romania right next door to Ukraine may supply weapons to the resistance and wreak havoc on the Russians for decades. It could be worse than the Soviet occupation of Afghanistan. Many Russian kids going home in body bags. An economy in ruins with a deteriorating standard of living. Endless cyber and terrorist attacks on Russian infrastructure. And world wide ill will and condemnation of Russia. I think it would be illogical to invade Ukraine. Time for cold war KGB RasPutin to get punted and let the younger generation try to modernize and improve the country. Good luck Ukraine.
#88 Bankrupting Landlords is good for the Economy on 02.23.22 at 7:45 pm
We’re crowdfunding for your relocation to Texas. – Garth
Can it be done for me? Seriously? My only goal in life now is to leave. Please anyone send me info on how to move to the US.
=============================
Call a lawyer and quit being chicken shit.
Takes years to get a green card. Been to the USA? I just got back.
You know what it cost to relocate? I do, I got all the answers.
Ya sound like a fool Bra? LOL
@#102 Furious fingers faron
“No one will threaten your crowning achievement of being the most frequent commenter to Garth’s blog during years 2019, 2020, 2021 and probably 2022.
++++
I disagree
2018, 2017 and 2016 were banner years as well.
However, I think yer startin off 2022 as a main contender to “best bloviator of the year’ award…
Consider my comment as “praise from Ceasar”
BNO News
@BNONews
·
1m
BREAKING: Putin, in announcing military action, says Russia does not plan to occupy Ukraine
Started I think.
Lonesome US drone flying over Ukraine now (from Sicily).
https://www.flightradar24.com/FORTE12/2aea8ac9
All commercial flights told not to go into Ukraine airspace.
Sorry…a lot happening now.
War Declared.
Try this:
https://twitter.com/tickerNEWSco/status/1496680580242894850
on pace to remove all gains from a yr ago
powell will raise rates, not decrease rates
secular bear market, Garth?
Urgent: Putin is declaring a “special military operation in Donbass” live on TV. Calling the US the empire of lies. I was wrong all along. He IS crazy.
#89 Chris L. on 02.23.22 at 7:46 pm
False. There is no run on the banks. Insane comment. – Garth
______________________
It is not false. I talked to my banker. People have lost trust in JT and are worried. Capital and business just needed 1 solid reason to divest from Canada, and JT just added 1 more. I also asked around, and most everyone ‘thought’ about doing it…so you know darn well that many other people did. One report of a guy said he was denied anything bigger than $2500 withdrawal. Left media could only try to write articles about how the freezing of accounts was not happening anymore, to PREVENT, people running out more money. Remember, the main media is only the mouth of the government. The government didn’t want to cause a bigger problem. In a few weeks, you might hear about the fall-out, when it wont’ spur a bigger problem for JT. Get out there and so some research, the information is all around social media. Small independent journalists are all around us!
**********
Chris…Yikes!
Money is attracted to returns. Look at all the investment that is flowing to China. They don’t seem to care.
The emergency powers are gone. Time to move on, bud. Can I ask where you are getting your news?
#114 crowdedelevatorfartz on 02.23.22 at 9:55 pm
I think yer startin off 2022 as a main contender to “best bloviator of the year’ award…
Consider my comment as “praise from Ceasar”
—
Thanks dear Caesar. Garth is undoubtedly honoured to host us.
#108 Ponzius Pilatus on 02.23.22 at 9:34 pm
The speech with an English overdub is here:
https://www.c-span.org/video/?518097-2/russian-president-putin-recognizes-independence-donetsk-luhansk-ukraines-donbas-region
Frankly, I prefer hearing Putin’s voice. The man certainly has conviction.
—
War in Europe. The COVID era closes and a new chapter has begun. Sigh.
#112 Yukon Elvis on 02.23.22 at 9:38 pm
Ukraine is no threat to Russia. Putin might get exactly what he doesn’t want which is a hostile and angry nation of 40ish million people right next door to Russia. Sympathetic NATO countries like Poland, Lithuania, Latvia, Slovakia, Hungary, and Romania right next door to Ukraine may supply weapons to the resistance and wreak havoc on the Russians for decades. It could be worse than the Soviet occupation of Afghanistan. Many Russian kids going home in body bags. An economy in ruins with a deteriorating standard of living. Endless cyber and terrorist attacks on Russian infrastructure. And world wide ill will and condemnation of Russia. I think it would be illogical to invade Ukraine. Time for cold war KGB RasPutin to get punted and let the younger generation try to modernize and improve the country. Good luck Ukraine.
**************
That could happen, but if I remember correctly the last time someone brought war close to Russia it didn’t end well. Truly a fight to the end.
One thing is for sure I’d rather play chess against Biden than Putin. Russian soldiers used to come to Canada for peacekeeping training in the 90s. Good people on all sides that just want to live life and not be interrupted by stupid.
Putin’s war objective – denazification and demilitarization of Ukraine. He threatened with nuclear strike (in indirect terms) those who will try to interfere.
DELETED
Brent Crude Oil Last Day Finance (BZ=F)
NY Mercantile – NY Mercantile Delayed Price. Currency in USD
100.01+3.17 (+3.27%)
As of 10:22PM EST. Market open.
https://finance.yahoo.com/quote/BZ=F/
By far the best possession you can have in life is Contentment. I found this way to look at life after wins and losses. It took a while as well… But to me it is that feeling that you don’t have too much to worry about, and have a few realistic goals, that you can achieve. In a way it is part security, a good dose of happiness, mix in a little smug satisfaction, to complete, the result. A nice partner, who is isn’t breaking land speed records, to complement, some common interests… Run with it.. and smile….a big one :)
#40 Warren-the-lagging_indicator on 02.23.22 at 4:49 pm
Oil… up.. up she goes. Boy that Putin is pretty shrewd with recognizing the breakaway republics thereby giving him the moral high-ground and rhetorical ammo to defang the arbiters of freedom, democracy and self determination. If Biden had kept Trunq’s energy policies in place the EU would have a hope but as Russia gets richer by the day the closer the time comes when the EU will relent. No sanctions will force Putin to negotiate as Russia is mostly self sufficient in major industries now. Moreover, I figure Putin does not care if you freeze. See ‘elections’ do have consequences.
*******
There was some analysis that Putin engaged in a peace keeping mission allowing possible support at the UN…yada yada.
American and Europe bracing for gas hikes, again.
Ustabe: like the burger idea.
There “might” not have been a bank run but the plebs were definitely thinking about it.
https://trends.google.com/trends/explore?date=today%205-y&geo=CA&q=bank%20run
This story is 100% fabrication. – Garth
There will be a crapstorm of disinformation coming out of Ukraine, that is part of the Russian game plan.
Unprecedented amounts. Follow real journalists or vetted NATO allied state actors. Drop Russia Today as a source RIGHTNOW.
For the conservative out there, Marco Rubio is a great feed. I don’t like his politics, but he’s sharp on foreign policy. The world would be a better place if he had won the 2016 election. But, I digress.
Godspeed everyone. I’m heartbroken tonight. Like Jan 6th, this one feels different.
#127 SnowyRiverDame on 02.23.22 at 10:48 pm
There “might” not have been a bank run but the plebs were definitely thinking about it.
**********
FFS! Might you think a little bit more.
So-called “Freedom Convoy 2022” supporters need to take a look at what is going on in Ukraine right now and do some serious soul searching as to the meaning of freedom. They’ve no idea how free they actually are as Canadians. Rather than attacking their freedom, they should be protecting it.
Begun the war has.
It’s been nice. I’m still cash friendly.
I was referring to this speech specifically:
https://m.youtube.com/watch?v=YIZO3OhqCUY
^ If you take the time to watch it, it’s clear that the senate was about to revoke the Emergencies Act, and that Trudeau revoked first to save face.
I also think that his handling of this protest has not only exposed him as a tryant, but this idiot has just demonstrated to the world that their money is not safe in Canadian banks!
He is finished. Prove otherwise.
Russia has been building up for months warning about what they would do and why.
Biden has been following the Russia Russia Russia playbook.
It’s been as obvious as day for a long time what was gonna go down.
Easiest trade in years.
Heather Cox Richardson is an American historian and professor of history at Boston College. According to Wikipedia: Richardson has authored six books on history and politics. She is a founder and editor at werehistory.org, which presents professional history to a public audience through short articles. Between 2017 and 2018, she co-hosted the NPR podcast Freak Out and Carry On.[3] Most recently, Richardson started publishing “Letters from an American”, a nightly newsletter that chronicles current events in the larger context of American history.[4][5] The newsletter accrued tens of thousands of subscribers making her, as of December 2020, the most successful individual author of a paid publication on Substack.[6]
She posts almost daily on her facebook page. An excerpt from her post dated Feb 22, 2022 (I highly recommend you read the whole thing to put it into context):
The press secretary for Florida governor Ron DeSantis, for example, tweeted that “the sad fact is that the USA is in no position to ‘promote democracy’ abroad while our own country is falling apart.” She continued: “I can never trust the federal government in any way.” J.D. Vance, a Republican candidate for the Senate from Ohio, said, “[T]he Russia–Ukraine border dispute has nothing to do with our national security, no American interest is served by our intervention, and that the obsession with Ukraine from our idiot leaders serves no function except to distract us from our actual problems.” Representative Ronny Jackson (R-TX) called for sanctions, not against Russia but against “senior officials in the Canadian government,” apparently because authorities there have arrested members of the truck convoy shutting down border crossings and cities to protest vaccine mandates for truckers.
https://www.facebook.com/heathercoxrichardson
The real way to hit Russia hard is to stop Visas and banking to all Russian Duma members and their families, children studying etc. They, like China, like to vacation and educate in the west but do not respect our values.
That will make them think…
These rubber stampers will become very agitated at their dictator and possibly apply enough pressure to Putin to back off.
Sadly the most determined psychopathic Zenophobes often rise to the top because psychopaths do not feel the pain of others and will do anything to get to the top.
#128
Godspeed everyone. I’m heartbroken tonight. Like Jan 6th, this one feels different.
——–
I agree. On the large scale, the little fracas in Ottawa the last 3 weeks is super small potatoes in comparison to the possible bad outcomes that may arise from the Ukraine conflict. Hopefully, nobody is trigger happy, but it is clear that Putin does not give a U^&^&^& about what sanctions or restrictions are put on Russia. The west needs to completely sever any financial ties with Russia. If Putin succeeds without much pushback, don’t be surprised when Taiwan is next on the list.
Seems like we can’t catch a break… wave upon wave of COVID, Trumpism, T2 and all the BS with him, and now a MUCH larger problem….. all in the space of a few years….. Seems like we are at a global minimum…..
Kind of repetitive Garth but the nugget from today is the advice to stay married. Now in my 60s there is a definite pattern with the many friends in my life. The ones that gritted their teeth and stayed married are much more financially stable and ready for retirement than the ones that divorced and split their worldly goods in some friends’ cases twice. Think on this. The best revenge is to outlive your spouse and get everything!
Ukraine should never have given up all their nukes. Next up, Taiwan.
Chicken little invokes emergency powers against peaceful protesters to only revoke it exactly on the day when real war in Europe starts.
Great timing indeed.
That makes zero sense. – Garth
‘And then came the signing ceremony, where Vladimir Putin, Denis Pushilin of Donetsk People’s Republic and Leonid Pasechnik of the Lugansk People’s Republic signed the documents granting them recognition. Written into these one-page orders was an order from Putin to the Russian military to provide for the establishment of peace. There is a very interesting question as to the borders in which this peace will be established. You see, after the unconstitutional overthrow of the democratically elected government in Kiev in 2014, Donetsk and Lugansk seceded as intact regions. Later, in the course of Kiev’s “anti-terrorist operation” (the prefix “anti-” here being rather superfluous) these regions came to be partially occupied by Ukrainian forces. It seems outlandish to imagine that Russia, in the course of recognizing the independence and sovereignty of Donetsk and Lugansk, also granted recognition to partial Ukrainian occupation thereof. It is far more likely that the Russian forces will now politely ask the Ukrainian forces to clear out by a certain deadline or, failing to do so, be killed or captured.’
Here is the full article for the open minded and enlightened. The rest of you just move on. These are the droids you’re looking for……….
https://thesaker.is/the-day-russias-patience-ran-out/
Damn! ‘Not’ the droids you’re looking for…..
False. There is no run on the banks. Insane comment. – Garth
I know for an absolute fact that people were pulling money out of RBC and TD bank accounts. You want to quibble about the extent of it go ahead but it was enough for them to take notice.
False. Categorically. – Garth
#112 Yukon Elvis on 02.23.22 at 9:38 pm
Ukraine is no threat to Russia. Putin might get exactly what he doesn’t want which is a hostile and angry nation of 40ish million people right next door to Russia. Sympathetic NATO countries like Poland, Lithuania, Latvia, Slovakia, Hungary, and Romania right next door to Ukraine may supply weapons to the resistance and wreak havoc on the Russians for decades. It could be worse than the Soviet occupation of Afghanistan. Many Russian kids going home in body bags. An economy in ruins with a deteriorating standard of living. Endless cyber and terrorist attacks on Russian infrastructure. And world wide ill will and condemnation of Russia. I think it would be illogical to invade Ukraine. Time for cold war KGB RasPutin to get punted and let the younger generation try to modernize and improve the country. Good luck Ukraine.
===
Viva Ukraine. Hope that the Kremlin terrorist and his fascist junta will lose the war, and that will spell their end.
#130 Observer on 02.24.22 at 12:07 am
So-called “Freedom Convoy 2022” supporters need to take a look at what is going on in Ukraine right now and do some serious soul searching as to the meaning of freedom. They’ve no idea how free they actually are as Canadians. Rather than attacking their freedom, they should be protecting it.
How about our government do some soul searching about what an actual state of emergency is. That word has been thrown around way too often the past 2 years and is losing it’s meaning. We’ve been in a state off emergency non stop for 2 straight years.
Ukraine has a real emergency, the juxtaposition of Trudeau calling the Ottawa occupation one at the same time is embarrassing by comparison.
What about RICO laws in USA? What about US Govt withholding 10%, when snowbirds sell RE in Fla?
Your money is safe in CDN banks, Pollyannas!
NP Snippet:
‘More price hikes for fertilizer — and consequently, food — are on the horizon as escalating tensions between Russia and Ukraine add to fears of global shortages.
Russia is a low-cost, high-volume global producer for all major fertilizers, and it’s the world’s second-largest producer after Canada of potash, a key nutrient used on major commodity crops and produce. The conflict in the region could disrupt trade flows.
It all points to rising costs for farmers, who are scaling back on fertilizer use. That will potentially trigger lower crop yields and push prices for food even higher around the world. Food costs are already the most expensive in a decade, according to a United Nations gauge.
“Fertilizer prices are at all time highs, this is really just adding more pressure,” said Patrick Donnelly, senior analyst at Third Bridge. “It’s a very real possibility we see shortages for this coming year especially heading into the North American growing season.”
Oh no! Who knew that oil and gas production wasn’t just about electric cars and technology?
Well.
American intelligence was bang on
Dictator Putin has decided to move.
One wonders how long it will take the silent serfs of Russia to stand up and speak out against this absolute farce of a “war” and the greedy swine that started it.
When thousands of their young men start returning home in body bags or walking the streets of Russia as amputees.
Either way
Kyiv will be pounded to rubble like Grozny, millions will flee west to overwhelm the neighboring EU States.
A murderous dictator expending thousands, tens of thousands of lives to hold on to his reign.
He has to keep going or he’s dead.
I hope I live to see photos of his body hanging upside down from a lamppost in front of a cheering mob like Mussolini.
Then maybe Ukraine can take the estimated $100 billion dollars he stole from Russia to rebuild.
Has NATO woken from its slumber yet?
Watch China.
Never has there been a better time for them to invade the world leader of ultra high tech microchip production Taiwan.
Gas will hit $150/barrel within weeks.
$3/liter at the pumps by May?
Hello recession.
World war THEN the recession.
We had it a little backwards this time.
Let me be your “Protector”
Get your vehicle fueled up and fill extra cans with at least 1000 km range.
There will be increasing lines at banks and cash shortages. Go to ATMs at corner stores and take out cash. A couple dollars in fees won’t matter.
Expect major cyber attacks and disruptions – don’t count on crypto for anything.
As an expert on CTV news just explained minutes ago:
(His answer to – What is next?)
“World War III”
PREPARE
@#128 Faron
” Drop Russia Today as a source RIGHTNOW.
+++
I dropped ANY website with the ” .rt ” at the end of the address years ago.
I dont need Russian viruses.
Chris…Yikes!
Money is attracted to returns. Look at all the investment that is flowing to China. They don’t seem to care.
The emergency powers are gone. Time to move on, bud. Can I ask where you are getting your news?
________________________________
My oil stocks are doing great, thanks for asking! I get the news from everywhere. It’s decentralized. So I collect it from gov sponsored news (you get the basics plus spin), comments section (golden knowledge for human nature assessment), social media comments (FB, YT), various major and minor groups (fractions – pulse on where movements happen – to get ahead of them), and recommended articles from fringe groups on FB from an extremely diverse set of people who don’t follow orders. Also twitter, for fringe posters who are nerds in their areas of the topic I am studying. These change with time – they cut deep and long into topics and nerd it out for you.
Then I connect all the dots – and so because I don’t get news from 1 source – I don’t end up with 1 opinion – I get millions of opinions.
Unconventional – yes. But it does work. I read a lot, all around, everywhere. I rarely comment, but you asked – and the game is almost done anyway.
What I am trying to do, is game theory. There are so many richer players than just CBC, or CTV…I am trying to get ahead of them by predicting every move they might make of all possible moves. Then I scan out 2 months, and get in front.
My current predictions are that the vaccine mandates are toast, completely. Fed vax mandates will be dropped in Canada, and the US as their trucker convoy does what we do.
Data shows that the vaccine trials are fudged also, leading into massive liabilities for various levels of government.
Digital ID still happens though, but the vaccine thing – at least this one – is dropped from it. Future ones will be added. And you are going to be tracked online, offline, all the time, so keep your nose clean!!
We still work toward 1 world government because that’s what happens with a large population of people to maintain order.
Governments are coalescing. And tyrants are going to tyrant along the way.
I’m almost out of the current game.
Just waiting for oil to top out. Then I’ll cash out. I’ll wait for the next game that interests me. It’s honestly quite exhausting to process all the information.
Looking forward to a period of calm.
Good chance this would have never happened under Trump.
Putin remembers Obama/Biden weak response after invading Crimea…
Next is Taiwan, same reason…
But at least we don’t have to put up with those nasty Tweets right?
There will be a crapstorm of disinformation coming out of Ukraine, that is part of the Russian game plan.
Unprecedented amounts. Follow real journalists or vetted NATO allied state actors. Drop Russia Today as a source RIGHTNOW.
For the conservative out there, Marco Rubio is a great feed. I don’t like his politics, but he’s sharp on foreign policy. The world would be a better place if he had won the 2016 election. But, I digress.
Godspeed everyone. I’m heartbroken tonight. Like Jan 6th, this one feels different.
………
geesus, ya need a break man
#137 Jane24 on 02.24.22 at 2:26 am
Kind of repetitive Garth but the nugget from today is the advice to stay married. Now in my 60s there is a definite pattern with the many friends in my life. The ones that gritted their teeth and stayed married are much more financially stable and ready for retirement than the ones that divorced and split their worldly goods in some friends’ cases twice. Think on this. The best revenge is to outlive your spouse and get everything!
———
That was probably one of the most pathetic comments made on this blog. I won’t deny many people think like the above comment. It doesn’t make it any less pathetic.
While I’m relieved that Trudeau revoked the War Measures Act, I’m still of the opinion that it was an awful, and unwarranted thing to have done to start with. The damage will stain his tattered waist-coat.
And his half-smirked announcement yesterday was beyond disgusting.
He reminded me of a person who, when called out for kicking his dog, wanted to be congratulated for stopping the kicking.
#138 under the radar on 02.24.22 at 5:53 am
Ukraine should never have given up all their nukes. Next up, Taiwan.
+++++++++++++++++++++++++++++
Unlikely. Hunter Biden sold Taiwan to the Chi-Coms last week on Etsy. Don’t tell me you missed it?
#26 Sail Away
#2 Faron on 02.23.22 at 2:55 pm
#3 Faron on 02.23.22 at 3:00 pm
#6 Faron on 02.23.22 at 3:08 pm
That’s all yesterday’s news and completely irrelevant to today’s post, bro. Bluntly, a waste of space.
—————————————————————————————————–
Some individuals have a difficult time letting things go.
Because they feel they’ve been wronged and their monkey needs to prove itself right. Safety is the monkey mind’s number one priority, and being wrong is not safe.
https://www.simplemindfulness.com/letting-go-is-hard/
Also, meteorologists do their best forecasts based on yesterday’s weather. Otherwise, they’d be wrong all the time.
Young adults should learn how to make their own beverages and coffee rather than buying $5 lattes at Starbucks and eating avocado toast for lunch.
Back in my day, my wife used to prepare my bag lunches and we bought our home for $85,000 in 1993.
Today, we sold that home for $1.8 million and we are living happily in Belize and can live off this money for quite a while.
Some are equating the Russian Invasion of Ukraine with the Jan.6th events.
Jan.6th was exactly the same as the Russian Invasion except for the guns, tanks, bombs, soldiers, shootings, deaths, arrests, aircraft bombings, cruise missiles and civilian casualties. Other than those minor issues, yes, exactly the same.
Not that two wrongs make a right, but the U.S. and U.K. are hardly in no position to be lecturing Putin. They and the coalition of the unwilling, still haven’t been held accountable for their illegal invasions of Afghanistan and Iraq.
Trump’s words on the Ukraine invasion:
“I went in yesterday and there was a television screen, and I said, ‘This is genius.’ Putin declares a big portion of the Ukraine—of Ukraine. Putin declares it as independent. Oh, that’s wonderful. So, Putin is now saying, ‘It’s independent,’ a large section of Ukraine. I said, ‘How smart is that?’ And he’s gonna go in and be a peacekeeper. That’s the strongest peace force. We could use that on our southern border. That’s the strongest peace force I’ve ever seen. There were more army tanks than I’ve ever seen. They’re gonna keep peace all right. No, but think of it. Here’s a guy who’s very savvy, I know him very well. Very, very well.”
https://www.vanityfair.com/news/2022/02/donald-trump-vladimir-putin-ukraine-genius
@#159 Slim arguement
“They and the coalition of the unwilling, still haven’t been held accountable for their illegal invasions of Afghanistan and Iraq.”
===
Ahhh yes.
The Taliban were doing such a “bang up” job before Osama Bin Laden decided to highjack airplanes and fly them into the WTC .
Or did you conveniently forget about that?
And, now….. after the US has left.
https://www.nbcnews.com/news/world/famine-looms-afghanistan-leaving-millions-hungry-rcna10400
The Afghanis are experiencing Taliban heaven.
Hi Garth, does the statement below apply to spousal contributions as well? I’m assuming yes…..
“This is because there’s no rule saying an RRSP contribution needs to be declared and deducted in the year it’s made”
Yes. – Garth
#100 Faron on 02.23.22 at 8:48 pm
#82 Old Boot on 02.23.22 at 7:17 pm
I’ll take the graphic (that I googled 3 seconds before replying to you because sex and gender is something I spend little time thinking about) that is based voluminous scientific research over a guy who likens sex to a motorcycle vs a bicycle and thereby self-pwns in this era of a slew of e-bikes and motorcycles of all kinds ranging from fully human powered, to souped up monsters.
It’s a well-written opinion piece, I’ll give you that. But, it’s not science.
Most importantly, why is this guy so worried about defining sex as a binary? Furthermore, why have you latched some firmly onto this hobby horse of yours? The discussion was about Jordan Peterson failing to acknowledge that white supremacy exists in Canada, not gender.
**********
Why have I latched on to this ‘hobby horse’?
Because there’s no such thing as transgender. It’s a social media contagion that ignores decades of research on paraphilias, and the fact that this is a misogynist ideology that solely benefits men.
Because children are being brainwashed and celebrated in school to think that they can change sex. Gender non-conforming children are told there’s something wrong with them that requires life-long medicalization, and are being transed behind their parent’s backs.
Because transition amongst teenage girls has increased 4000% in the last decade, with no corresponding rise in males or other age groups. Detransitioners recieve no support, despite their numbers growing exponentially.
Because most of those girls are gay, like me, or on the spectrum.
Because there is no peer-reviewed research demonstrating that transition helps anyone. Suicidality increases long term.
Because lesbians like me are told that men with autogynephilia, a fetish, are also lesbians.
Because men are being imprisoned with women, resulting in rapes and assaults.
Because men are being cheered for stealing women’s sporting opportunities and accomplishments, and scratching their fetish itch in our locker rooms.
Many people feel the same way I do, but don’t have the luxury of speaking out for fear of job loss and professional censure.
Because women are no longer allowed to organize and advocate for ourselves, if we don’t include men with fetishes.
Because med schools are teaching students that sex doesn’t matter, despite ample evidence to the contrary. Erasing sexed language for women, but not for men.
Trans idiocy is a medical scandal in the making. Several European countries have halted pediatric transition; Canada is far behind and now has a law that handcuffs medical providers, forcing them to affirm the delusions of 11 year old children.
My question to you is, why are you supporting it?
Today my Heloc borrow to invest, mostly index, portfolio established in June and +10% at one point, returned to 0%.
Let’s see where this goes. Considering adding more.
Unfortunately Leaders like Putin and XI made their countries better.
Hows irrelavent. Mr Trudeau is doing the opposite for a host of reasons.
When I taked to my cousins girlfried from the Ukraine the other day she said Putin is not precieved as the bad guy there and most there are pro Russia or are Russian. The media potrays the opposit.
Then theres the USA a dictaor installing nation state builder.
Watch The untold hisory of the USA documentary.
I see all the MSM idolators still hang out here.
I’m so angry about Ukraine, possibly decades of misery to come!
That’s what voting for leftist utopian socialists does! Neglect your military, scrap your own energy industry to depend on ruthless dictators. Not long ago even Biden was begging Russia to produce more.
Canada could have contributed, but now natural gas exploitation if forbidden in eastern Canada and the means to transport it as well.
#157 Mark on 02.24.22 at 9:35 am
Young adults should learn how to make their own beverages and coffee rather than buying $5 lattes at Starbucks and eating avocado toast for lunch.
Back in my day, my wife used to prepare my bag lunches and we bought our home for $85,000 in 1993.
Today, we sold that home for $1.8 million and we are living happily in Belize and can live off this money for quite a while.
______________
So nice to hear from such contented Boomers, lol!
Born on third base much, Mark?
Home prices in 1993 were barely 2-3X income, not 10-15X like today.
Salaries have barely moved up at all since you bought your house.
Oh, and thanks for the cliche Starbucks-shaming of Millennials.
We’re used to it.
#137 Jane24 on 02.24.22 at 2:26 am
Now in my 60s there is a definite pattern with the many friends in my life. The ones that gritted their teeth and stayed married are much more financially stable and ready for retirement than the ones that divorced and split their worldly goods in some friends’ cases twice.
___
Are they happy though? What good is a pile of money if you rue the day you decided to stay? I for one need just enough $$ to pay the bills, beyond that the value of further $$ declines steadily.
Hello, do you believe rates are going to increase to combat inflation or is that an end game tool that could collapse the financial house of cards? Thank you.
#164 Sail Away on 02.24.22 at 10:35 am
Today my Heloc borrow to invest, mostly index, portfolio established in June and +10% at one point, returned to 0%.
Let’s see where this goes. Considering adding more.
++++++++++++++++
Pretty much the same here. Sitting on some cash. Got a bit “oily” last half of ‘21. Skipped my quarterly buy in early ‘22 anticipating the invasion but not seeing any bargoons yet. See what happens if anything.
Saloway
TSLA gapped to 700.
Valuation doesnt matter till it does.
Ohoh this could get ugly and we are off to the Maya today.
Hopefully does dampen our party.!
https://www.dailymail.co.uk/news/article-10545641/Putins-gives-chilling-warning-West-early-morning-TV-broadcast.html
#142 Neo on 02.24.22 at 7:36 am
False. There is no run on the banks. Insane comment. – Garth
I know for an absolute fact that people were pulling money out of RBC and TD bank accounts. You want to quibble about the extent of it go ahead but it was enough for them to take notice.
False. Categorically. – Garth
——————————
I thought the average Canadian is about 200 bucks away from bankruptcy.
Well sure, let’s have a run on the banks, before they are out of twenties.
Wait two days in the snow.
I see Putin has disrupted the white supremes in Canada discussion.
As a survivor of white privilege I’ve been subject to systemic racism and discrimination for some time. Aging white males are a subset of a group which cannot form an exclusive club in British Columbia, as per the supreme court ruling the old Vancouver’s Gentlemen Club unlawful.
Women can still have exclusive organizations though.
Anyhow, my observation around here is the only group I see that might be white supreme is the Hells Angles Motorcycle Club but that seems to operate more as a business unit than radicalizing the populace.
Even the ancient white supremacy group known as Royal Vancouver Yacht Club has had women serve at the executive level for decades.
Is there a directory for white supremacist groups in Canada?
Cheers, R
#110 All lies and manipulated on 02.23.22 at 9:37 pm
Sailoway
Remember I said that was a top for TSLA back a $1200ish?
Way over valued.
TSLA is not coming back anytime soon. I’m V good at this.
——-
People say lots of things. Give it time.
#163 Old Boot on 02.24.22 at 10:26 am
Hmm, maybe because they are transitioning within a culture that is created by Old Boots like yourself? I’m done with you and this.
Time for you to step back from the keyboard, methinks. – Garth
#167 pPrasseur on 02.24.22 at 10:56 am
That’s what voting for leftist utopian socialists does
—
You are blaming the Ukrainian government for it’s being invaded by Russia? WTF is wrong with you.
The levels of contortion that the Putin suckling right is having to do to justify their earlier positions is second only to Cirque du Soleil.
God Bless – love the bullying and attacks.
‘Justin Trudeau earns nickname ‘little potato’ during trip to China’
https://globalnews.ca/news/2923202/justin-trudeau-earns-nickname-little-potato-during-trip-to-china/
#174 Russ on 02.24.22 at 11:57 am
Unequivocally take back any apologies I’ve ever made to you. What a stupid stream words from you this morning.
#175 Sail Away on 02.24.22 at 11:57 am
People say lots of things. Give it time.
—
They do and often those things are true.
Meanwhile, much like your miners, someone with a better sense of valuation and market dynamics (i.e. All Lies and Manipulated) could own a full 40% more TSLA shares if they chose to. Something tells me he knows better than to go down that road.
By that you mean time for Elon to illegally pump the stock again so he can sell more of his shares before the final cratering? Probably okay advice if you are currently a bag holder.
#159 Slim on 02.24.22 at 9:59 am
Not that two wrongs make a right, but the U.S. and U.K. are hardly in no position to be lecturing Putin.
—
You are right. They are not in no position to lecture. Well said.
#148 Apocalypse NOW on 02.24.22 at 8:10 am
Get your vehicle fueled up and fill extra cans with at least 1000 km range.
—
Good idea. It’s always fun to drive elsewhere to experience another locale’s version of apocalypse.
over supply is in the sky? thin WAS in?
https://www.youtube.com/watch?v=Wehsz38P74g
Why New York’s Billionaires’ Row Is Half Empty
#89 ‘Chris’ – last I checked, my bank card has a ‘daily maximum’ transaction limit on withdrawals. If I want to be able to take out an amount in excess of that, I either have to wait until the following business day; actually go into the bank to make a withdrawal ‘in person’ or contact my bank to increase the allowed daily transaction limit on my bank card. Which the bank might or might not agree to. So anecdotes on folks not being able to withdraw more than $2,500 mean squat given that financial institutions do limit the amount one can withdraw as a regular matter of business. Have done so from day one. If you have a credit card the amount you can charge to it has a limit set by the card issuer. Once you reach the limit any further charges you try to put on the card will automatically be rejected. Again, you’d have to either pay down the card balance or contact your card company/bank to get your limit increased. Not much point being alarmed at what has always been the case…..
#175 Sail Away on 02.24.22 at 11:57 am
#110 All lies and manipulated on 02.23.22 at 9:37 pm
Sailoway
Remember I said that was a top for TSLA back a $1200ish?
Way over valued.
TSLA is not coming back anytime soon. I’m V good at this.
——-
People say lots of things. Give it time.
======================
Maybe…. serious Technical damage has occurred….that will stretch it out.
Maybe fundamentals catch up with price? Cheers
Faron
Take a powder….maybe therapy?
An interesting development from the Ukraine thingy:
Space stocks, dealing with surveillance and defense are flying today. Specifically Sypris (+20%), Kratos (+12%) and Maxar (+8%), but plenty of others as well.
And, without a doubt, my man Elon is in full cahoots with space surveillance and quite possibly missiles. There’s a reason the defense dept has funded him to the tune of hundred$ of million$. Hail Elon Thee Stallion!
BREAKING NEWS…..
On learning of the events underway in the Ukraine, France has now surrendered.
Faron #167 You are blaming the Ukrainian government for it’s being invaded by Russia? WTF is wrong with you.
Of course not, I’m blaming the “powers” Europe, you know those Trump had to coerce into contributing their fair share to NATO.
Same ones who made themselves dependent on Russian energy to be politically correct at home!
Fact is they can’t respond to Putin as they properly should because he can just turn the lights out. How stupid and irresponsible to put yourself in such position.
Europe is reaping what it sowed, but I’m truly pissed that poor Ukraine has to pay the brunt of it! So unfair!
This is a gigantic and scandalous failure for leftist utopian Europe (and here). I sincerely that doesn’t go unnoticed.
Yes, Trump would have rolled out the red carpet for Putin, given him the green light, and supplied him with troops and weapons.
Jaguar and fishman of course approve of Putin, just as they do of all authoritarian strongmen: Orbán of Hungary, Duterte of the Philippines, Erdoğan of Turkey, Kim of North Korea, and (their favourite) former U.S. president Trump.
#89″It is not false. I talked to my banker. People have lost trust in JT and are worried”
——————————————————————
Was it the CEO ? Based on your erudite manifesto I can imagine the executive suite door is always open for your deep insights.
Dude seek help, Maybe put down the mouse, step away from the computer, give your addled brain a break and join the real world…..
#176 Faron on 02.24.22 at 12:17 pm
Time for you to step back from the keyboard, methinks. – Garth
Alright, will do. Cheers
168 MR – while Mark’s comment may be true, I believe it to be an exceptional case, and he is just trolling you.
I bought in 91 for that same price of $85k, east coast of VI. Sold 11 years later for $111k. I check it on BC assessment now and then, and this year it was $500k+ but there have been substantial improvements. My current house is assessed at over $800k, and realistic market is more like $1M. Many locals are puzzled at these prices and our kids are priced out of their home
market.
Perhaps mark could supply you with which market his
property was in. I wonder who paid the $1.8M.
#89 ‘Chris’ – last I checked, my bank card has a ‘daily maximum’ transaction limit on withdrawals.
___________________________
Why, on top of this, would anyone want to start a business in Canada? Shaking the confidence in the banks is never a wise idea – not least coming from a guy who could literally freeze all your assets with ZERO oversight.
JT got ahead of this, he heard the same rumblings as me, and obviously is better connected than I am – so he should know. So, go ahead, you explain why JT took a 43 hour about-face. I’m running on a couple theories…can you imagine if he frozen every one of 50,000 Canadian bank accounts who donated to the trucker convey like he promised to do? You can get access to the list of donors yourself. In fact, there is a google map, so you can check on your neighbors via doxx.
If he kept barking up that tree, Canada would have continued to be a global embarrassment.
https://theconservativetreehouse.com/blog/2022/02/23/facing-financial-peril-and-a-pending-senate-rebuke-prime-minister-justin-trudeau-revokes-emergency-war-measures-act/
Always look for clues in the comments – if you can apply critical thinking to them, you can find the truth – someone figured it out.
Sandman
Sandman
February 23, 2022 9:22 pm
Reply to Ricky Bobby
Freezing bank accounts without due process caused a run on Canadian banks last week (not reported by corporate media), which undermined the credibility of the entire Canadian banking system. This reverberated around the financial world, causing Trudeau to back off lest his economy collapse.
Garbage. Surely you are not that gullible, or blinded. – Garth
putins (bunker )palace
https://www.theguardian.com/world/2022/jan/21/russian-activists-publish-leaked-photos-of-putin-linked-palace
Faron on 02.24.22 at 12:23 pm
#174 Russ on 02.24.22 at 11:57 am
Unequivocally take back any apologies I’ve ever made to you. What a stupid stream words from you this morning.
============
Faron, my friend.
You are taking this comment section far (on) too seriously.
See that? Humour inserted as a bit of dim wit.
Anyhow, I was thinking JP could form a singing group.
Jordan Peterson and the Supremes,
but then again maybe not. ‘ probably wouldn’t fly here in Canada.
Cheers, R
Russia Adopts Law Allowing State to Seize Illegal Funds, Digital Assets From Officials
…’The current legislation allows Russia to confiscate real estate, vehicles, securities, and stakes if the civil servants owning them fail to prove they have legally received the funds spent on their acquisition. That applies to officials who are required to show that their expenses correspond to their income.”
====
maybe he should start with himself?
As the West takes aim with Russian sanctions, here’s what we know about oligarchs’ secret finances
ICIJ investigations over the years have uncovered massive money movements by prominent Russians close to President Vladimir Putin who have earned scrutiny by international authorities.
https://www.icij.org/investigations/pandora-papers/as-the-west-takes-aim-with-russian-sanctions-heres-what-we-know-about-oligarchs-secret-finances/
#2 Faron on 02.23.22 at 2:55 pm
#3 Faron on 02.23.22 at 3:00 pm
#6 Faron on 02.23.22 at 3:08 pm
#25 Faron on 02.23.22 at 3:55 pm
#28 Faron on 02.23.22 at 4:05 pm
#35 Faron on 02.23.22 at 4:21 pm
#37 Faron on 02.23.22 at 4:25 pm
#37 Faron on 02.23.22 at 4:25 pm
#70 Faron on 02.23.22 at 6:14 pm
#71 Faron on 02.23.22 at 6:18 pm
#100 Faron on 02.23.22 at 8:48 pm
#102 Faron on 02.23.22 at 8:56 pm
#106 Faron on 02.23.22 at 9:25 pm
#120 Faron on 02.23.22 at 10:20 pm
#128 Faron on 02.23.22 at 10:50 pm
#176 Faron on 02.24.22 at 12:17 pm
#177 Faron on 02.24.22 at 12:22 pm
#177 Faron on 02.24.22 at 12:22 pm
#180 Faron on 02.24.22 at 12:27 pm
#181 Faron on 02.24.22 at 12:29 pm
#182 Faron on 02.24.22 at 12:31 pm
:):):):):):):):):):):):):):)
Lol, ok. You win! You ARE the biggest LOSER! hahah…
Life is slipping you by, man…
Garth – Give the guy a break. The overly opinionated types have bigger fish to fry. Maybe limit us to 5? That would be horror for some, I know. Whatever will they do with their lives…hahahah….
Faron – be honest. How many other names do you post under?
#186 Sail Away on 02.24.22 at 12:59 pm
Lol
He lost so much market cap he got das boot fr the 200bil club.
TSLA lost $600,000,000,000 market cap the last few months.
#197 oops on 02.24.22 at 2:28 pm
#2 Faron on 02.23.22 at 2:55 pm
#3 Faron on 02.23.22 at 3:00 pm
#6 Faron on 02.23.22 at 3:08 pm
#25 Faron on 02.23.22 at 3:55 pm
#28 Faron on 02.23.22 at 4:05 pm
#35 Faron on 02.23.22 at 4:21 pm
#37 Faron on 02.23.22 at 4:25 pm
#37 Faron on 02.23.22 at 4:25 pm
#70 Faron on 02.23.22 at 6:14 pm
#71 Faron on 02.23.22 at 6:18 pm
#100 Faron on 02.23.22 at 8:48 pm
#102 Faron on 02.23.22 at 8:56 pm
#106 Faron on 02.23.22 at 9:25 pm
#120 Faron on 02.23.22 at 10:20 pm
#128 Faron on 02.23.22 at 10:50 pm
#176 Faron on 02.24.22 at 12:17 pm
#177 Faron on 02.24.22 at 12:22 pm
#177 Faron on 02.24.22 at 12:22 pm
#180 Faron on 02.24.22 at 12:27 pm
#181 Faron on 02.24.22 at 12:29 pm
#182 Faron on 02.24.22 at 12:31 pm
:):):):):):):):):):):):):):)
Lol, ok. You win! You ARE the biggest LOSER! hahah…
Life is slipping you by, man…
Garth – Give the guy a break. The overly opinionated types have bigger fish to fry. Maybe limit us to 5? That would be horror for some, I know. Whatever will they do with their lives…hahahah….
Faron – be honest. How many other names do you post under?
=============================
Ahh, lighten up.
Faron’s not even close to the ridiculous number of posts over the years by crowdedelevatorfartz. And unlike CEF, he appears to have an IQ over 100 and some things to say that are not merely sucking up to the host or thinly veiled right-wing stupidity.
Just a peaceful protest:
As of Monday, police had arrested 191 people for their alleged roles in the occupation of streets around Parliament Hill that stretched into residential areas. Police told the board Thursday 122 of those arrested are facing criminal charges for participating in the convoy, which first reached the capital in the last weekend of January.
Acting Deputy Chief Paul Burnett told the board Ottawa police received more than 2,100 calls for service related to the demonstrations. Police have launched 400 criminal investigations, with 15 of those being probed for hate or bias motives.
There were also 4,200 provincial offence notices issued during the operation, including parking and traffic tickets.
The number of calls to the 911 emergency line jumped up 400 per cent, most of which were a concerted effort to jam up police lines to disrupt service, Burnett said.
https://www.cbc.ca/news/canada/ottawa/ottawa-police-protest-occupation-update-1.6362619
Garth, all very good points you made today. I respect what you do and even as we don’t have stocks, mutual funds, ETFs and REITs and other types of investments we have no idea about.We are rich in family, friends and we are doing just fine with our finances as we just paid off our house last year as the pandemic for 2 years made us accelerate paying down our mortgage faster. We own a house now in GTA worth $675,000 and have no debts. We are both 43 and have only 2 pots of money, Savings, short term GICs, $40,000 in there and RRSPs, $370,000 worth but now will top up our TFSAs to the max with a big RRSP refund this year for $30,000 since we have no mortgage payments for 12 months now. We only bought GICs, term deposits, savings accounts, we are currently accruing $14,000 compound interest in our RRSPs. In 20 years our strategy of paying down our mortgage and putting in maximum RRSPs per year and taking the annual RRSP tax refund and paying down our mortgage even more and putting some in savings too really worked well. TFSAs are now our next build up as we have no more thousands in monthly mortgage payments anymore.
#199 James on 02.24.22 at 2:56 pm
Hey, I see needy. CEF and the sail guy are the same….something missing from their lives.
You can be as smart as you want. But as soon as narcissism moves in then your thoughts are moot…and then everyone else loses their voice.
What’s Canadian in that?
#31 Crash on 02.23.22 at 4:08 pm
The Market could crash 50% from here…S&P hit bear market and now its considerably below 200 day moving average. All signs pointing to further declines. Next target for S&P would be around 4000.
Sell and you can always buy later.
=================================
There is no 50% crash in the cards. get a grip. – Garth
————————————————————–
Garth is right: no 50% crash ‘in the cards’.
It’s likely to be closer to 70% (SP500), and >80% for the Nasdaq – but rather than reading the cards, it’s more like ‘baked in the cake’. Bull markets can’t last forever; greater fools however do!
My opinion only!
ps backed up the truck on RSX etf today (Russia)
Kendra, here what you are saying. My uncle is retired due to disability 1 years ago and went variable, my aunt, uncle’s mortgage is coming due, There mortgage payment is going up by $215 a month and their best rates are in the 3.19% to 3.49% 5 year mortgage rate according to their mortgage balance, mortgage broker.
They are using their home equity and because he is disabled, not working it is impacting the number and choice of lenders they can choose from. They are really worried as in the next 2 weeks, they could have to pay even more and everything is costing so much more, gas, food, utilities, other living expenses, property taxes, other taxes etc.
I here it all the time, they should of bought a smaller house, go less in debt, get a smaller mortgage and have more money in savings, RRSP etc. They should of saved more and get bigger tax refunds.
This is playing out exactly how Russia and China set it up to play out and they’ve been planning this for years. We are dumb and think we are checker masters but unfortunately we’re playing a very serious game of chess here with actual chess champions.
And CB inaction over the last 6 months has made it clear that they NEVER intended to taper or increase interest rates. They think they can print forever and organize a Great Reset that will make them richer, but in fact that Great Reset will be their (and our) Great Downfall.
Also, it appears that foreign money has been funding the civil unrest here in North America, and you don’t have to open your eyes too wide to see who’s funding who, or to see that the donors are actually playing on the same team. And their game is going to get bigger and more dangerous in the coming months and years.
When Russia takes over Kiev, they are going to be raking in tons of money thanks to resource grabs and other acquisitions, and will also be enjoying lots of inflationary pricing power over Europe and the West.
Don’t expect China to help us out either. Not only is inflation going to rage here, the shortages of semiconductors and other goods that we rely on them for is going to get very real, very soon and probably for a very long time.
Of course, at any given moment China could invade Taiwan too. I bet that’ll be playing out soon too.
So glad we’ve pursued policies that help non-productive people get stinking rich, squeeze productive people to the point they feel they need to get out, and that have stoked the fires of racial and other tensions. To the point where civil unrest is now a daily reality in North America. And soon, we’ll have too many people, too much inflation, not enough jobs and not enough housing for everyone.
Hard to be happy and content about the future. Unless you’re retired and sitting on a steaming hot pile of equity that’s about to get even bigger.
Wahoooooo! The covoys over now the medias stoked they can jump on the war story…weeeeeeee stupid humans.
Stupid leader control freeks along with the MSM.
Planet full of idiots.
Soon to be on the Mayan beach sipping cold ones watching for any mushroom clouds that may appear.
Humans = disappoint.
A question.
Wife has $87,275k in RRSP room (more come end of 2022)
I have random guess of $130k room in my RRSP
Expecting a capital gain of $140k this year in addition to my income of $160k.
Can I dump $87,275 + 2022 amount into a spousal RRSP in 2022 (Jan/Feb 2023)? Or am I limited to her annual amount?
The way you worded it was that:
Contribute into it up to your own contribution limit (18% of earned income, to the $27,830 mark).
I thought I could use up the whole amount at once? Is the above assuming you’ve previously used all your contribution room?