The blessed

Investors are blessed. The Creator wants you to invest. Even the CRA’s on board.

There are five gifts worth celebrating. First, those bold enough to invest with borrowed funds may deduct the interest they pay from taxable income. This takes the sting from the rising cost of money when a third or even half of the cost can be recouped. You can’t do that with your mortgage, car loan, credit cards or the HELOC you borrowed against to fly south on vacation and get food poisoning.

Second, capital gains taxes are a treat. Way better than working. For example, if you earn a hundred grand from employment and have an equal amount in realized capital gains, the tax on the work money is about 25% while the investment profit which rolled in is taxed at just over 12%. Capital gains taxes are among the lowest that we little beavs pay because 50% is tax-exempt and the remainer is scooped at one’s marginal rate.

(But, beware. Forces of evil, like the NDP, want the taxless portion seriously reduced, while other bad actors are lobbying for a 100% inclusion rate on investment gains. For now, it’s not happening).

Third, divvies rock. Lots of stocks and ETFs have regular dividend distributions, and tax rules allow you to keep more than cash received as, say, a bonus at work. The dividend tax credit is the reason. For example, if you live on dividends only (no other source of income), federal taxes don’t start until you earn more than $65,000. How cool is that? There is a small amount (about $1,500) of alternative minimum tax payable at that point, but the saving is still substantial. Be aware that for everyone this tax credit can mean paying 80% less tax than on a brain-dead GIC.

Fourth, even if you lose your mind, become a reckless cowboy and buy some stocks that turn out to be complete pooches, the tax system is there to support you in Canada. In fact, 2022 could be a great year to dump some of those dogs, turning your paper losses into real ones.

This is a good idea for two reasons. First, you will feel bad, horrible, failed, defeated and worthless, which is a learning experience. Never do that again. Second, the loss triggered can be used to reduce taxes on gains made on other investments, in past years, or even in the future. Tax-loss selling yields a ‘capital loss’, in other words, which can obliterate a ‘capital gain.’

The rule is simple and generous. When you sell an asset and take a hit, that loss can be applied against taxes paid on any capital gain within the last three years. That’s a gift. Refund! It makes losing money way easier. Even better is the fact a capital loss can be carried forward into 2023 or beyond (indefinitely) and used in the same fashion. This is why in a crappy year for investing (like this one) you may be better off to punt the dogs, crystallize the losses and put them to use against winners sold next year.

One rule to remember: you’re not allowed to sell an asset to trigger a tax-reducing loss, then immediately buy the security back. That’s called a ‘superficial loss’ and you’ll be whacked for doing so. Wait 30 days. Also none of this applies to registered accounts, like RRSPs and TFSAs where no gains are taxed and no losses may be claimed.

Worth remembering also is that maple assets have done better than American ones this year, while the greenback has soared against all major currencies, including ours. So selling a $US-denominated security at a loss will translate into a bigger deduction once converted into Canadian pesos.

Fifth (and lastly for today, because I can’t take any more euphoria) is the way the tax system helps soothe the sting on uber-taxed high incomes. The 2022 RRSP contribution limit is now over $29,000. Not only will this money grow over time completely free of taxation, but you can deduct the entire contribution from taxable income.

But wait. There’s more. Contributions should be made annually into your RRSP for growth, but you can save them up for tax purposes. In other words, the deduction can be carried forward to future years when income may be higher and the tax saving therefore greater. Or use them to reduce the tax payable on the cash portion of a commuted company pension when you retire.

Above all, the Creator wishes me to impart this: it’s not what you make. It’s what you keep.

Amen to that.

About the picture: “This is our grand-dog Chelada,” writes Roger. “She is a 9 1/2 year old British Bulldog. She is presently recovering from 2 leg operations ( hence the wrapping on her back foot). Here’s hoping Chelada’s main human ( our daughter) will see the photo and maybe take the time to read  your words of wisdom.”

106 comments ↓

#1 chalkie on 11.14.22 at 3:28 pm

During the pandemic, with the increase for demand on housing with people not thinking straight, fear of missing out, the low interest rates and many people becoming unhinged puts us where we are today (what a mess) , home prices vs value.

You could not have picked a better name for your site Garth: Greater Fool, this time around its real estate greater fools and there are plenty of them.

In finance, the greater fool theory suggests that one can sometimes make money through the purchase of overvalued assets — items with a purchase price drastically exceeding the intrinsic value — if those assets can later be resold at an even higher price.

In this context, one “fool” might pay for an overpriced asset, hoping that he can sell it to an even “greater fool” and make a profit.

This only works as long as there are enough new “greater fools” willing to pay higher and higher prices for the asset. Eventually, investors can no longer deny that the price is out of touch with reality.

For real estate, the greater fool theory is exactly what happened in 2022, the bids rose to a limit so high, it ran out of new greater fools willing to pay higher, the cookie crumbled right before their own eyes and now there are more tears than the buckets can handle.

Quote of the day: The fools in life want things fast and easy — money, success, attention.

#2 Captain Uppa on 11.14.22 at 3:34 pm

Dumb question alert:

If I wanted to transfer my TFSA and other portfolios to Turner Investments, does that mean the holdings have to be sold? Or does Turner just take over, so to speak?

First, you must genuflect. Then we transfer in kind and renovate afterwards. – Garth

#3 Irish Stew on 11.14.22 at 3:34 pm

Every day is a blessing.

Thankful to be able to invest.

Thankful for this blog.

And thankful for having so much when so many have so little….some things that money cannot buy.

#4 Don Guillermo on 11.14.22 at 3:35 pm

#110 Ponzius Pilatus on 11.14.22 at 11:09 am
#106 Don Guillermo on 11.14.22 at 10:21 am

—————————-
Haha
You’ve got that one right.
Right after a nice game of Pickle Ball at -1 degrees.
Faaantastic.
Any Pickle Ball courts in Mechiko?
************
Pickle ball is as huge here as everywhere. It’s extremely popular in retirement communities around the world. Can’t even imagine how many are on that island out west.

I haven’t got into it yet but most gringos I know are. There are many clubs around the city that are setup for people of all levels. The players i know seem to enjoy it most when the leagues have a nice Mexican/gringo mix.

Cycling is probably more popular than anything. Mazatlan boasts the longest Malecon in Latin America (roughly 20 km) and most if it has separated bicycle lanes paralleling Avenida del Mar with incredible ocean views and breezes. There are many more km’s of bicycle lanes that don’t follow the ocean. Originally it was one big wide malecon with walkers, runners, roller blades, skateboarders all sharing with bicycles. A bit chaotic at times. Around 5 years ago they added the separated lanes and all is improved.

I usually drop 10 to 15 lbs between mid Oct to mid April without even planning an exorcise routine. It’s a very active lifestyle no matter what you enjoy. We’re usually down by mid Oct but this year have a bit of a delay. Soon I hope. Saludos!

#5 Love_The_Cottage on 11.14.22 at 3:47 pm

The 2022 RRSP contribution limit is now over $29,000. Not only will this money grow over time completely free of taxation…
_________
Garth, you continue to misrepresent this. Taxes are still payable, they are just deferred. You’ll state that it’s possible you can arrange your income to not pay taxes on the withdrawal which is possible in some situtation but the original statement is misleading at best.

#6 BC Losing Investors to Washington State on 11.14.22 at 3:55 pm

1300 deals under 200k. many more millionaires, NHL, NFL, MLB same West Coast, many more job and business opportunities. No way we would waste a dime in BC when the deals are just next door on the American side.

#7 AM in MN on 11.14.22 at 3:57 pm

You left out the one-time capital gains tax free claim of $800k+ now for a business that you start and sell.

If you trust your deadbeat family members who will never start a business, they can become shareholders at the start and each take the deduction. That can add up.

Remember, most of the wealthy have multi-generational wealth with tight extended family ties. It gets better if you have family with residences in other countries and you can sling money back and forth.

For those who wonder why so much of the multi-$M houses on the west side of Vancouver show $30k of income…. you start to get the picture.

#8 Søren Angst on 11.14.22 at 4:02 pm

Thankyou Deo optimo maximo, D.O.M.

Benedictine shot to you just drank.

Computed YTD Threadbare Portfolio return incl. dividends as of today …

+26.4%

yeah dividends

You are correct about CRA. They took note a lot of my income from dividends and have lowered my Gov Canada CPP, OAS and defined pension plan TAX rates to …

4%, 7%, 4% respectively.

Well over the $65K threshold (net) and still they lower your tax rates. And as Non-Resident, no Prov Tax paid.

I will always, always be grateful to Canada, it has given me so much that words are not enough in THANKS. You are an amazing country Canada.

——————

… cause I can’t take any more euphoria) … But wait. There’s more.

– D.O.M. has a Ron Popeil moment, or 2.

Great read Garth.

#9 Victor Llearna on 11.14.22 at 4:07 pm

Victor learn a new word from Garth in comments section: genuflect .
Let’s use in a sentence: if Trudeau had his way all.the Canadian peon sheep would genuflect to his very presence.

#10 Penny Henny on 11.14.22 at 4:12 pm

#126 Shawn on 11.14.22 at 2:10 pm
#125 Penny Henny on 11.14.22 at 1:31 pm
#123 millmech on 11.14.22 at 1:15 pm
Picking up AQN.TO this morning.
///////////////

Do you not have any worries that they will reduce the divy?

*****************************

Okay, looked it up and that’s Algonquin Power.

To my mind, millmech is a bit off track when he refers to it as a trading symbol. First it’s poor communication since we have not all memorized the symbols.

More importantly, to me it implies a mindset that you are buying a stock symbol, a squiggle on a screen as opposed to a getting part ownership in a real business.
////////////////////

That’s the way we roll Shawny baby.
You got to keep with the times and don’t any wooden nickels. ;)

#11 Yorkville Renter on 11.14.22 at 4:29 pm

been “keeping” 5-figures a month for over two years now… life is Goooooood.

/gloating

#12 Binder Dundat on 11.14.22 at 4:40 pm

#4 Don Guillermo

“I usually drop 10 to 15 lbs between mid Oct to mid April without even planning an exorcise routine”

Yes, I’ve heard the average exorcism burns about 2000 calories.

#13 Gen Z on 11.14.22 at 4:49 pm

Why are so many crypto investment advisors on the news these days?

I read this boring blog which tells me that crypto is a scam.

Glad I didn’t spend a penny in those crypto exchanges.

The scam was so too good to be true that pension funds were investing in these crypto exchanges.

Scammers got to swindle billions of dollars and most of the victims were the blue-collar working class and retirees.

I wonder why Canada isn’t looking into it.

#14 Ayn Rand #2 on 11.14.22 at 4:49 pm

“Creator” Garth you aspiring to be Indigenous?

#15 Baba on 11.14.22 at 4:50 pm

Forces of evil, really? I know it’s meant half jokingly, but having seen recent posts that seem to regard left leaning politicians whose economic ideas you disagree with and hammer wielding, capitol raiding murderous mobs as equal threats, this is a bit disturbing to read. Anyone writing for an audience, I think, has to be careful about not contributing to the runaway polarization of our society.

I enjoy your writing, I disagree with some stuff you say. I don’t consider you a threat. Then again may be it doesn’t pay to have a cool head these days.

You must be new here. – Garth

#16 Wrk.dover on 11.14.22 at 4:55 pm

How about AQN? A bad quarter cuts the value in half!

Should I just swoop in and by all of the shares of this thing for a dollar?

#17 NOSTRADAMUS on 11.14.22 at 4:58 pm

BREAKING ROCKS IN THE HOT SUN.
The easiest person in the whole world to lie to is yourself. Which begs the question,” What is the difference between tax avoidance and tax evasion”? Answer-“The thickness of a prison wall.” With the CRA tax hounds on the prowl, probably a good idea to get a profession tax accountant on board. The days of going it alone and filing your own tax return are long gone. This reminds me of the lyrics to an old hurtin song. “I fought the law and the law won, now I’m breaking rocks in the hot sun and it ain’t no fun.” I am a just a fly on the wall taking viewers behind the prison walls.

#18 Brian on 11.14.22 at 5:01 pm

DELETED (Anti-vaccine nut)

#19 cuke and tomato picker on 11.14.22 at 5:10 pm

Excellent post today. Yes the Creator does want us to
invest be honest and fair in all our business deals. We
are obligated to provide the charmed life for our spouse, children and grandchildren. Clean example has a forceful way of multiplying itself. The example you set are the examples we get. I guess we should genuflect
everyday before we read your post out of respect .
You don’t even pass the pass the basket around.

#20 Captain Uppa on 11.14.22 at 5:11 pm

First, you must genuflect. Then we transfer in kind and renovate afterwards. – Garth

I see. Well something to consider, then. Though I am afraid you’ll judge us too much.

We don’t judge. Just fix. – Garth

#21 Sail Away on 11.14.22 at 5:35 pm

#20 Captain Uppa on 11.14.22 at 5:11 pm

I see. Well something to consider, then. Though I am afraid you’ll judge us too much.

“We don’t judge. Just fix. – Garth”

—————

Post it here in steerage first. You’ll be judged, ridiculed, crucified so hard, it’ll result in either lifelong depression or immunity. Extreme immersion exposure therapy.

#22 Søren Angst on 11.14.22 at 5:46 pm

#21 Sail Away

ouch

#23 Captain Uppa on 11.14.22 at 6:01 pm

We don’t judge. Just fix. – Garth

That’s what my wife says.

Right now, I use WealthSimple. It’s been fine, but they don’t help with all this tax benefit stuff as mentioned in today’s blog.

#24 Andrewski on 11.14.22 at 6:16 pm

Excellent info Garth! Finally the Feds raise the annual TFSA contribution amount to $6,500 as of January 1/23.

#25 Nonplused on 11.14.22 at 6:18 pm

It’s all very complicated and makes me think maybe a flat tax isn’t such a bad idea. Only at lower than the current rates.

For example why have RRSP deductions when you could just move the tax brackets so that 1% pays tax on $29,000 less per year, with everyone else enjoying a higher amount on which they do not pay tax as well according to the current (but adjusted) tax steps? Seems to me that would benefit those on minimum wage more than an RRSP reduction they never have the money to use.

But then, on the other hand, a whole cottage industry would be destroyed. There is that to think about too.

And then they just go and put some sort of HST or carbon tax in place and take back all the money you saved by investing in RRSP’s in another form.

Let’s face it, the government, any government anywhere, will always migrate towards the highest possible tax rate they can achieve without causing a revolt and overthrow. Always did, always will. All the modern governments have done is consult the psychologists to come up with a way to make it difficult to understand. Instead of leveling one tax, they level 13 and add in 7 various rebates and deductions. This makes it difficult to determine what the actual government take is. Sure, your effective Federal rate looks like it’s 25%, but add 11% provincial, then property taxes at the municipal level, then if there is anything left pay HST on that amount, and then throw in a carbon tax which is effectively just another GST but greenwashed, and then add capital gains taxes, excise taxes, land transfer taxes, luxury taxes, sin taxes, user fees, fines, and anything else you can think up. That way most people can’t figure out what hit them. They need a software program to figure it all out, and that still doesn’t cover half the taxes.

But in the end, once you fan away all the smoke, we all pay the same effective tax rate. It’s just a matter of where it’s hidden, which is in price. If you threw out the whole tax code and just sent the Sherriff around to take whatever wasn’t nailed down, the effect would be the same.

But for now you got to play the game.

#26 crossbordershopper on 11.14.22 at 6:21 pm

the AMT will come into play a lot more, so many people I know have a rental property, where they borrow against there paid off house to put down on rental that makes no money, IDK how a person with a 70K income looses 36K a year in interest expense on investment loan and a small loss on there rental, its a gong show. CRA letters will be issued its possible they never pay tax, only the bank wins and tennants get subsidized buy the idiot who borrowed against a good paid off thing to go look after a couple idiots in a rental and have CRA issues as they loose money every month.
It doesnt look good for lots people moving forward. Work with Cash, borrowing and borrowing never works.

#27 Matt on 11.14.22 at 6:30 pm

Thank Dog for tax write-offs

#28 espressobob on 11.14.22 at 6:32 pm

Investing and trading are two entirely different animals while many engage in the latter. Thats the confusion. Lacking knowledge and following trends that seem guaranteed to beat Mr. Market.

Human nature looking for gratification because some think they know better.

Real investors are a humble breed who respect the fact that they give up control to gain it. We take profit on the way up and buy on the Downside. Thats the benefit of a global index

Emotions play no part in this game and if they do then maybe proffesional management is the way to go.

#29 IHCTD9 on 11.14.22 at 6:32 pm

#20 Captain Uppa on 11.14.22 at 5:11 pm
First, you must genuflect. Then we transfer in kind and renovate afterwards. – Garth

I see. Well something to consider, then. Though I am afraid you’ll judge us too much
———-

No worries, he took us camo-clad bunker dwellers on. Only suffered a black eye, and cracked rib. Well worth it.

Started with a question right here in steerage too. Coming from high MER MF’s courtesy of [email protected], it was a golden move.

#30 Shawn on 11.14.22 at 6:40 pm

RRSP Math and Tax – It’s not just a deferral.

#5 Love_The_Cottage on 11.14.22 at 3:47 pm

The 2022 RRSP contribution limit is now over $29,000. Not only will this money grow over time completely free of taxation…
_________
Garth, you continue to misrepresent this. Taxes are still payable, they are just deferred. You’ll state that it’s possible you can arrange your income to not pay taxes on the withdrawal which is possible in some situtation but the original statement is misleading at best.

*******************************
First an analogy:

You get new windows for $10,000 and get a $3000 rebate from a government energy efficiency program. I think we can all agree that the cost of the windows was $7000 even though you have $10,000 worth of windows. And even if you blow the $3000 on a vacation, the net cost of the windows was still $7000.

Next imagine you put $10,000 into an RRSP and get a $4000 tax refund as you are in a 40% marginal tax bracket. Can we not all agree that your net cost was $6000? But you have $10,000 in your RRSP which cost you $6000 after the tax refund so you can think of it as $6000 funded by you and $4000 by the rebate.

Imagine some many years later this RRSP has grown by 5 times (400%) to $50,000. And imagine you take it out over a period of years when you are in a 35% tax bracket in retirement.

Total tax paid will be $17,500 and your net share to spend after tax will be $32,500. You get 65% of the RRSP (which has grown 5 fold) even though you only in the net put in 60% of the money after the refund.

If instead you put that same net $6000 in a tax free savings account and it grew the exact same 5 times, it would be $30,000. Which you can spend tax free.

So you see here you net MORE from the RRSP than the TFSA. The TFSA is zero tax. Therefore the net tax on the growth of your net $6000 cost is actually NEGATIVE. It grew by a net( $32,500-$6000) = $26,500 rather than the $24,000 growth in the TFSA. Therefore, the math is that the tax rate on the growth in this example was minus $2500/$26500 = minus 9.4%.

Negative tax results because the marginal tax rate at withdrawal was 35% which was lower than the 40% at the time of contribution to the RRSP.

If you don’t believe this read it slowly and try the calculations yourself. It does not matter how many people argue that the RRSP is only a tax deferral. The math is the math. You just need to remember that the net RRSP cost to you is the contribution amount minus the tax refund.

The tax turns to a positive rate but is usually a very low rate if the marginal tax rate at withdrawal is higher than at the time of contribution.

So, has the penny dropped for anyone?

P.S. Penny Henny, I love your response to me above. Well played.

#31 Crypto-Billionaire on 11.14.22 at 6:44 pm

The world’s oldest profession still doesn’t pay any taxes, so there is that to consider when making career choices. Even the high end girls I fly with me to New York don’t pay taxes. Except for my personal assistant of course, but I put her on the payroll so the shareholders cover her expenses.

Drug and gun dealers also don’t pay any taxes. Just sayin’.

And of course I don’t really pay taxes either. I just cook up a scheme, sell shares in it to hapless investors, manipulate the stock, leverage like crazy, and then walk away with another billion when it all crashes down in a heap of counterparty risk. The government takes half, but that’s fair because they are my partner in crime, loosely enforcing any regulations and ignoring my creative accounting.

Crypto was a goldmine. Not owning it myself of course, but just pretending other people owned it when they gave me their money. But those clowns at FTX got greedy, so that game is over. I mean it would have ended anyway, but they weren’t patient. One thing you need to know in this business is to keep stretching it until you have all your victim’s money. Oh well, I think I’ll move into “green energy” now. Government money is the best kind of money. For political reasons, they can’t admit they’ve been had. Even when the game is up, you can hit them one more time. Sort of like the F-35 project. The worse it goes, the more you make. I’ve got to hand it to those guys. A true inspiration to hustlers everywhere. And if you have to hand half back in taxes, oh well, that’s where the money came from in the first place!

#32 Wishbone on 11.14.22 at 6:45 pm

#4 Don G.
Currently in cabo enjoying the food,beaches and sun. Would love to own a condo here but prices are a bit to steep for me. Is the market the same in Mazatlán? I haven’t been there in years but would love to return and ride the malecon and check out the vibe.

#33 Penny Henny on 11.14.22 at 6:52 pm

Hey Garth,
can I sell a loser in cash account and buy back in registered account within 30 days without repercussions?
My head says no.

Your head knows. – Garth

#34 Faron on 11.14.22 at 6:57 pm

#134 Sail Away on 11.14.22 at 3:19 pm

Yes, I’ve been up Mount Benson. Same day as a couple skins up/ski down yoyos of Mt Washington. We were hoping to reach 1500m of vert for the day, so we stopped by. It was in early spring. There was snow.

I am tittering my face off because:

The mountain is a steep an deadly monster lurking in Nanaimo’s back yard yet…

they managed to put a road up it. Gnar amirite?

Anyhow, had a pleasant time. No spikes needed despite crusty condish. And, somehow, me and my 60plus Y.O. friend managed to survive.

Amazed that Sail Away emailed his SAR friend way back in August. Lucky guy hearing about Sail Away’s exploits in the internet. Riveting.

#35 Wrk.dover on 11.14.22 at 6:57 pm

#29 IHCTD9 on 11.14.22 at 6:32 pm
No worries, he took us camo-clad bunker dwellers on. Only suffered a black eye, and cracked rib. Well worth it.
______________________________

I remember when you asked, he said it sounded scarey.

Then you stated that you’d behave…..

#36 Wrk.dover on 11.14.22 at 7:01 pm

#32 Wishbone on 11.14.22 at 6:45 pm

Go up the road to LaPaz, to see what is there for you.

#37 theoryAndPractice on 11.14.22 at 7:02 pm

Above all, the Creator wishes me to impart this: it’s not what you make. It’s what you keep.

Amen to that.

Amen, the message I always share….

#38 wallflower on 11.14.22 at 7:03 pm

#5 Love_The_Cottage on 11.14.22 at 3:47 pm
regarding your statement that Garth misleads re RRSP

No. No. No.

Furthermore, it is strategic and I know lots of people, including myself who have withdrawn tax-free (of course had to temporarily pay with-held taxes but all returned at tax return time).

#39 Calgary on 11.14.22 at 7:14 pm

DELETED

#40 Sail Away on 11.14.22 at 7:16 pm

#34 Faron on 11.14.22 at 6:57 pm

Yes, I’ve been up Mount Benson. Same day as a couple skins up/ski down yoyos of Mt Washington. We were hoping to reach 1500m of vert for the day, so we stopped by. It was in early spring. There was snow.

—————

That’s cool. Benson is a fantastic amenity. I try to make it up weekly year-round. Might see you there sometime.

I’d suggest microspikes or trail crampons in winter for traction.

#41 Don Guillermo on 11.14.22 at 7:21 pm

#32 Wishbone on 11.14.22 at 6:45 pm
#4 Don G.
Currently in cabo enjoying the food,beaches and sun. Would love to own a condo here but prices are a bit to steep for me. Is the market the same in Mazatlán? I haven’t been there in years but would love to return and ride the malecon and check out the vibe.
********
If you come back you’ll probably be glad you didn’t buy in Cabo. Going for vacation in Cabo, PV, Cancun, Maz are all great but if you plan on spending more time it’s Mazatlan hands down. Mazatlan is much more affordable and much, much more diverse. It has changed a lot in the last 5 years or so and mostly for the good
with a few exceptions. Because it has recently become the largest beach destination for Mexicans from across the country it’s getting noisier. Need to be aware when looking for the right spot. Inflation is here as well but nothing to the magnitude of USA and Canada. I traveled a lot of Mexico over the years and used to purposely avoid Mazatlan. We first arrived in Maz in 2009 on a 2 week vaca. They were promoting the Centro Historico. We returned a couple more times and rented for a month. We were soon hooked.

The down side for many is it doesn’t have as many high end all inclusive resorts as the others but that too is changing.

It’s worth trying it out if you like Mexico.

#42 the Jaguar on 11.14.22 at 7:23 pm

“First, those bold enough to invest with borrowed funds may deduct the interest they pay from taxable income. ” GT ———–
Presume this means putting up the investment to secure the borrowed funds, but it might be a good idea to review the consequences for those who did so just before Monday, October 19th, 1987. Ever been in an elevator going down that sped up and skipped a few floors? Be sure to read all the ‘fine print’. +++

DonG – Interesting info about the Avenida del Mar cycling lanes. 20 kilometers is fantastic! I could bring my Dahon Vitesse folding bike and peddle up and down the Malecon to offset all the delicious Mexican culinary food and drink. I’m sure you will be returned to your ‘segundo pais’ very soon. Little Charlie the wiener dog is waiting for your arrival. +++

No snippets today, but some of the headlines around the world sure are interesting. Notably the comments made by Suleyman Soylu . Mama mia!

Get well soon little bulldog Chelada……

#43 Shawn on 11.14.22 at 7:25 pm

Big layoffs at Amazon

In my experience layoff are as contagious as yawns.

One big company does it, then a lot of others follow. In the early 90’s every government in Canada did it. Private companies did it. Even regulated utilities who can automatically pass staff costs onto customers joined in the layoff party.

This ball has started rolling.

The unemployment rate will soon be rising.

#44 Ed on 11.14.22 at 7:33 pm

I genuflect to no man…no deal.

#45 IHCTD9 on 11.14.22 at 7:38 pm

#35 Wrk.dover on 11.14.22 at 6:57 pm
#29 IHCTD9 on 11.14.22 at 6:32 pm
No worries, he took us camo-clad bunker dwellers on. Only suffered a black eye, and cracked rib. Well worth it.
______________________________

I remember when you asked, he said it sounded scarey.

Then you stated that you’d behave
———

I have been behaving! G deletes me as required.

#46 Dr V on 11.14.22 at 7:45 pm

33 Penny

“Hey Garth,
can I sell a loser in cash account and buy back in registered account within 30 days without repercussions?
My head says no.

Your head knows. – Garth”
———————————————————–

Why not do it in the reverse order?

Buy in registered first. Then sell from non-reg. Maybe
wait one trading day to show time separation, or wait until settlement day.

Garth?

#47 Quintilian on 11.14.22 at 7:48 pm

The Creator wants you to invest

That is poetic, but somewhat acerbic.

I found the same tablet, and my translation from Hebrew to English says:

“Thou shall not confuse investing with gambling.”

#48 Ohm on 11.14.22 at 7:53 pm

I was reading some American news today. Before midterms Musk announced 3700 layoffs at Twitter.

Past midterms- all dem supporters (waited until elections were over just announced. Amazon 10,000 plus layoffs, Facebook/Meta 11,000 gone, Bed and Bath closing 150 stores, Lyft laying off 13% of work force, Microsoft 1000 plus gone, Intel, no numbers but future news is coming from them (probably this week), Disney, Sales Force expecting large layoffs.

It is just the beginning. Sigh!!

#49 Solomon Grundy on 11.14.22 at 8:20 pm

I guess the losses I took on prefs this year are good for something. Switch ETFs (e.g. HPR to ZPR) to avoid superficial loss, or sell and stay away?

#50 kommykim on 11.14.22 at 8:28 pm

RE: #33 Penny Henny on 11.14.22 at 6:52 pm
Hey Garth,
can I sell a loser in cash account and buy back in registered account within 30 days without repercussions?
My head says no

=======================================

I’d bet your spouse couldn’t buy it either without repercussions from the CRA. (Within 30 days)

#51 Sail Away on 11.14.22 at 8:29 pm

@DonG

Great info on Maz. Sounds fantastic!

#52 Dr V on 11.14.22 at 8:29 pm

Penny re 46

And if that is permitted, and the reg’d acct is the TFSA,
then wait 30 and move it out of the TFSA to non-reg again. That will give that room back for next year in the
TFSA. Bonus if it’s gone up any. And $6500 in 2023.

https://www.wealthprofessional.ca/news/industry-news/cra-announces-jump-in-tfsa-limit-for-2023/371470

#53 TurnerNation on 11.14.22 at 8:36 pm

Real Estate adjacent topic. When I talk about our Crowded Smart Cities; that the lockdowns and #essentialtravel was a trial run; that future lockdowns will be electronic in nature; that, control over our travel/movement is permanent; that the Big Tech/A.I. runs the world. March 2020 kicked it all off.

Case in point guys. We are moving into a total global lockdown, soft of course. But you are free to leave at any time Comrade! You think these globalist ghouls are joking around?

https://www.kentonline.co.uk/canterbury/news/radical-plan-to-ban-drivers-crossing-neighbourhoods-275055/
A radical vision drawn up by council bosses to tackle congestion in Canterbury will see the city split into five separate zones – with residents banned from driving directly between each.

Motorists will be unable to make simple journeys across the city, and will face fines enforced using number-plate recognition cameras if they break the authority’s proposed rules.

#54 Wile E. Coyote on 11.14.22 at 9:09 pm

RE: Capital Gains buy period.

Capital losses are null and void if the same stock/Mutual Fund/ETF is bought within 30 days of the loss, regardless of account used. This applies for the period BEFORE and AFTER.

Try Google, it is your friend.

Some buy a “similar” investment within the 30 days. For example buy an ETF by a different company that has the same profile as the one you are selling

#55 Regjeg on 11.14.22 at 9:14 pm

Ultimately, it’s not what you keep, but rather what you give away, that really counts.

#56 David on 11.14.22 at 9:19 pm

I contributed the max to my RRSP and Spousal RRSP regularly two decades ago. When I turned 71, I had to convert them to RRIFs. I assumed back then that my income would be lower post 71 than it was in my 40s and 50s. Not so. My income now is much higher than it was then thanks to smart investing. I now have two high six figure RRIFs which are taxed at my marginal tax rate which means I don’t get to keep much of my minimum payouts. The only way to keep the government’s hands off my money is to make large tax-deductible charitable donations, which I do. That costs me more than the tax man would take but I like seeing my money supporting local causes rather than allowing the Ottawa politicians spend it for me. These are things to consider before plowing money into your RRSP. Once the money is in there it’s fully taxable in the end.

Never forget that you deducted retirement plan contributions from taxable income. The government is not taxing you. Instead you are giving back what you owed and were refunded. Don’t be greedy. – Garth

#57 baloney Sandwitch on 11.14.22 at 9:20 pm

Some great info Garth. The problem with investing in US stocks is that dividends are ordinary income and taxed 100%. Any tricks to get around that?

#58 the Jaguar on 11.14.22 at 9:24 pm

Scroll Alert. / Political Rant Ahead——

Did I previously post that nothing much was happening in the Snippets/ Canada Department of note? That was before turning on the evening news in Calgary and reviewing unwanted trash washed up on the beach of political discourse in the otherwise great province of Alberta.

Danielle Smith, (our unelected Premier) featured on the news tonight about whether the RCMP should be our provincial police force in this province, apparently completely ignoring their historical importance and contribution to this province, never mind the affection in which they are held by Albertans. In what universe did you conjure up the idea that this ‘issue’ was uppermost on the minds of Albertans, Danielle? Or is this your serious and best attempt to be thrown out on your ass in the next provincial election?

She also fired Deena Hinshaw today, our chief provincial medical officer of health. Obviously clueless to the regard in which this public servant and person is and has been held during the pandemic crisis. In case your ‘advisors’ failed to inform you Danielle, with the Alberta Children’s Hospital reporting 3 hour waits for triage and 17 hours to see a doctor, you just dug your own political grave.

All this must stop. This ongoing pretense of a ‘united’ conservative provincial party’, where the reality is one of divisions of urban versus rural, secular versus religious, and educated broader scope versus lazy thinking ‘my own concerns with others be damned’ is nothing but a focus on division and confrontation and an impediment to advancing provincial interests and growth.

Kenney stepping down was an acknowledgement of this mess and the obvious cure which was ‘give them enough rope and they will hang themselves’.

P.S. Danielle… Consider hiring a stylist. Skirts are too short, hair unprofessionally styled, and loose the affectation of deep and authoritative voice reasonance. You have yet to be elected to the office you hold by Albertans.

Rant over.

#59 Ponzius Pilatus on 11.14.22 at 9:44 pm

The US elections are over.
Xi (She) and Biden are smiling and shaking hands.
Ukraine conflict is winding down.
So, let’s get back to focus on what’s most important:
Cleaning up the Planet.

#60 Ponzius Pilatus on 11.14.22 at 9:47 pm

Shawn,
Furthermore to Dollarama and No Returns Policy.
Yep, it’s costly.
And in the end will show itself in higher prices.
And add to inflation.
I heard at Costco they send it back straight to the wholesaler.
No re-shelving.
And some stores have re-shelving fees.

#61 Ponzius Pilatus on 11.14.22 at 9:59 pm

##4 Donny G.
When I ask you about anything about Mechiko, I don’t care about your and your other privileged friends living in an artificial environment, safely tucked away from the ordinary Mechican.
So, let’s try this again:
How many average Mechicans play Pickle Ball?
Or can live in a gated community?

#62 mike from mtl on 11.14.22 at 10:08 pm

#56 David on 11.14.22 at 9:19 pm
..My income now is much higher than it was then thanks to smart investing. I now have two high six figure RRIFs which are taxed at my marginal tax rate which means I don’t get to keep much of my minimum payouts…
/////////////////////////////////////////////////////////////////

This is precisely why I do the non-reg pot: much simpler to understand, low taxation, and I avoid any future headaches depending on the laws of future spend-o-crats. RSP along with the QPP/CPP is a wealth confiscation for anyone in the middle class.

TFSA whilst good, is seriously cut down by the relatively small room allocated.

The plan is to transform the pile into something fungible that is world acceptable 6 mo of the year.

#63 Shawn on 11.14.22 at 10:09 pm

Dollarama

Planet.

#60 Ponzius Pilatus on 11.14.22 at 9:47 pm
Shawn,
Furthermore to Dollarama and No Returns Policy.
Yep, it’s costly.
And in the end will show itself in higher prices.
And add to inflation.
I heard at Costco they send it back straight to the wholesaler.
No re-shelving.
And some stores have re-shelving fees.

************************************
Right, Costco has generous return policies. I wonder if they ever ask abusers to not renew their membership? You think Costco suppliers don’t add a little to the price to make up for having to take returns?

Dollarama has had a no returns policy since day one. People go there because their stuff is cheaper than other places.

What do you mean it’s costly? It saves Dollarama a lot of money. Yes it costs those customers who would otherwise make returns more money. It does not add to inflation when this has been the policy forever and the prices are lower than other places.

Dude they do not want you to return your opened Pepsi bottle if you claim it is flat. Or your Coffee Crisp bar with a bite out of it that you claim is stale. One shudders at the thought of your half drank Pepsi with coffee Crisp bits floating in it due to the backwash. Yuck!!

#64 Ponzius Pilatus on 11.14.22 at 10:09 pm

Bezos talks about donating 1/2 of his stash.
Must have had an Epiphany.
Maybe there’s a God.
Can’t take it with you.

#65 TurnerNation on 11.14.22 at 10:18 pm

#131 Shawn on 11.14.22 at 2:54 pm

Cool story bro but Dollarama’s tax remit has already been stolen by the Globalist Ghouls. Spirited offshore to their shadowy NGOs and front corps.
Shawn son, one day when you’re a bit older I’ll tell you how the world really works.

https://www.cbc.ca/news/politics/trudeau-asean-trip-1.6649885
“I am announcing concrete investments that are part of our commitment to this relationship,” he said, before listing $333 million in new funding.”

———

What’s going on in Australia. Is it still like a test zone of stuff to come? Why are they acting like it’s still 2020?
Is this all permanent?

.Health experts call for working from home to combat fourth COVID wave (smh.com.au)

.Will the new COVID-19 wave in Australia mean a return to masks? (sbs.com.au)

#66 wishbone on 11.14.22 at 10:23 pm

@ Don G
Thanks for the insight. i will definitely get there!
Gracias.

#67 Dr V on 11.14.22 at 10:27 pm

54 Wily

Thanks. Google not my friend on this one though. There was a dozen or more links to buying it back after, but I finally found this one.

“When you sell an investment and trigger a capital loss, the superficial loss rule states that you can’t deduct the capital loss if you buy (or purchase a right to buy) an identical security within 30 days of the settlement date of your sale transaction. This means you can’t purchase the security 30 days before or 30 days after your settlement date. Violating the rule means your tax benefit would effectively be cancelled. The rule also states that “affiliates” can’t make a purchase.”

https://www6.royalbank.com/en/di/hubs/investing-academy/article/tax-loss-selling/ki58kkpl

There also seems to be some disagreement over “identical” security. I recall hearing you cannot sell say one big 5 bank stock and then buy a different big 5 in that timeframe.

Thanks again.

#68 Ponzius Pilatus on 11.14.22 at 10:37 pm

#63 Shawn
Dude they do not want you to return your opened Pepsi bottle if you claim it is flat. Or your Coffee Crisp bar with a bite out of it that you claim is stale. One shudders at the thought of your half drank Pepsi with coffee Crisp bits floating in it due to the backwash. Yuck!!
—————————
Don’t be an idiot, Shawn.
Of course I meant Return Policy is costly.
You gotta start reading between the lines.

#69 Observer on 11.14.22 at 11:24 pm

#59 Ponzius Pilatus on 11.14.22 at 9:44 pm
The US elections are over.
Xi (She) and Biden are smiling and shaking hands.
Ukraine conflict is winding down.
So, let’s get back to focus on what’s most important:
Cleaning up the Planet.

^^^^^^^^^^^
Yes!

#70 Faron on 11.15.22 at 1:09 am

#40 Sail Away on 11.14.22 at 7:16 pm
#34 Faron on 11.14.22 at 6:57 pm

Might see you there sometime

Wow, lucky me. I’ve always wanted to run into someone shallow, egotistical and vain enough to email his “friends” to waste their time about his stupid internet arguments. I’ll pass up that opportunity. Thx.

However, I may pretend I’m Dharma Bum so I can borrow your kiddie crampons at which time I’ll carefully wrap them in tissue, put them in a paper sack and toss them in a dumpster where they belong.

#71 millmech on 11.15.22 at 1:36 am

#48 Ohm
Disney has a large office in Kelowna, watching to see if they close shop and bring everyone back to the office.

#72 Don Guillermo on 11.15.22 at 2:21 am

#61 Ponzius Pilatus on 11.14.22 at 9:59 pm
##4 Donny G.
When I ask you about anything about Mechiko, I don’t care about your and your other privileged friends living in an artificial environment, safely tucked away from the ordinary Mechican.
So, let’s try this again:
How many average Mechicans play Pickle Ball?
Or can live in a gated community?
#########
Wow Ponzie, I don’t remember you being this aggressive. Hopefully you didn’t crack that 2nd jug of Pepsi.

First of all, demanding an answer from some unknown internet person is kinda weird but never mind, I’ll go through it with you one more time because I’m a good person.

As far as how many Mexicans play pickleball. I have no idea. I haven’t played. Just saying that plenty of mixed teams love it. Don’t forget, Mexico is very young and pickball isn’t big with that generation.
.

Your obsession with gated communities and Mexican poverty (it almost feels like wishful thinking) is interesting. I hope it’s not an Aryian gene seeping through. There are many affluent Mexicans.

Personally I know no gringos that live in gated communities. Zero. They all live on Mexican streets. Some are where the rich live, some with middle class and some with the poor. All Mexican streets. They mostly have good relationships with their neighbors and love it as do I. Obviously there are some gringos that live in gated communities but I don’t know any.

We drove through a gated community for the first time last year out of curiosity. It’s around the El Cid golf course area and is amazing. Super rich with huge homes, swimming pools, soccer pitches etc. My golf friends coached me on getting through security . I don’t golf. The majority living there are rich Mexicans with a few gringos mixed in. It was interesting but not my jam.

Ponz, maybe it’s time to open your eyes a little. The world isn’t only about Canada, Austria and everything woke . It’s much more complex and way more fun than Pepsi, Coffee Crisp and living in a shit hole like Surrey. I hope someday you’ll figure it out but I’m afraid you’ll be wasting away in Surrey and dreaming about some fancy pastrie shop in Vienna that doesn’t exist anymore. Sad.

Anyways cheers and all the best.

#73 Nonplused on 11.15.22 at 2:24 am

Anyone catch Chapelle on SNL? The man has a way of pulling back the wool.

Anyway, he’s no Trump supporter, but I think he’s right about one thing: Trump isn’t going to jail, at least not for his business dealings. Why not? Because then all the billionaires would have to go to jail. Equality under the law means that if Trump goes to jail for certain accounting and tax treatments, everyone who used those accounting and tax treatments goes to jail. Or the counter logical; if other billionaires can’t be prosecuted for certain activities, then neither can Trump.

Remember, nobody important went to jail for 2008, the whole liar loan fiasco and the whole thing. Damn near wrecked everything, they did. But nobody went to jail.

Jan. 6th and the “nuclear secrets” might be another story, but that’s been lost in the noise lately. We’ll see if it comes back up. If not, Trump should fade away.

Unless, of course, somebody got caught cheating big time in the 2022 midterms. Then we would be in for a third act. Damn. No evidence of that thankfully. But the simulation always serves up the most entertaining and newsworthy outcome, or so the theory goes.

#74 Bezengy on 11.15.22 at 6:29 am

#7 AM in MN on 11.14.22 at 3:57 pm
You left out the one-time capital gains tax free claim of $800k+ now for a business that you start and sell.

If you trust your deadbeat family members who will never start a business, they can become shareholders at the start and each take the deduction. That can add up.

Remember, most of the wealthy have multi-generational wealth with tight extended family ties. It gets better if you have family with residences in other countries and you can sling money back and forth.

For those who wonder why so much of the multi-$M houses on the west side of Vancouver show $30k of income…. you start to get the picture.

——————-
If only we knew for sure. Maybe a little transparency might help?

In Norway, there are no such secrets. Anyone can find out how much anyone else is paid – and it rarely causes problems. In the past, your salary was published in a book. A list of everyone’s income, assets and the tax they had paid, could be found on a shelf in the public library.

https://www.bbc.com/news/magazine-40669239

#75 Sail Away on 11.15.22 at 6:42 am

#70 Faron on 11.15.22 at 1:09 am
#40 Sail Away on 11.14.22 at 7:16 pm
#34 Faron on 11.14.22 at 6:57 pm

Might see you there sometime

———

Wow, lucky me. I’ve always wanted to run into someone shallow, egotistical and vain enough

———

Sigh. I pray for that elusive day when no insults are hurled. You, again, for like the 6th day straight since I started tracking, are this blog’s worst and often only offender. And I seem to be the most common, but by no means only, target of your abuse.

Do better. Nobody wants to see that.

#76 Fer...tility...Bueller? on 11.15.22 at 8:12 am

Meanwhile, the sperm portfolios are shrinking! SHRINKING!

https://www.theguardian.com/society/2022/nov/15/humans-could-face-reproductive-crisis-as-sperm-count-declines-study-finds

…and why does every article point out that the debt pile piled onto the young by the aging boomers is going to be hard to pay if there is fewer of the young slaving?

(from the article)…
But, said Sharpe, “These issues are not just a problem for couples trying to have kids. They are also a huge problem for society in the next 50-odd years as less and less young people will be around to work and support the increasing bulge of elderly folk.”

#77 Tony on 11.15.22 at 8:55 am

You can always buy Canadian dividend paying stocks long and then short non-dividend paying stocks to minimize your risk. That’s what I’ve done all along as I could never see any value whatsoever in the stock market the last 30 years or so.

#78 Mick McClean on 11.15.22 at 9:08 am

Our fearless leader just announced another $770 million for Asian infrastructure bringing his total spending with the other spending previously announced to over $1 billion in this short trip. Is there any way we can keep this generous gentleman home before he bankrupts us or perhaps I’m missing have incredibly wealthy Canadian taxpayers are.
https://www.ctvnews.ca/canada/trudeau-pledges-cash-for-infrastructure-and-making-vaccines-in-developing-countries-1.6153213

#79 BillM on 11.15.22 at 9:31 am

that loss can be applied against taxes paid on any capital gain within the last three years. That’s a gift. Refund! It makes losing money way easier. Even better is the fact a capital loss can be carried forward into 2023 or beyond (indefinitely) ”

Then what is it, 3 years or indefinitely ? Was not able to use older than 3 years accumulated losses against gains in 2021. Why?

#80 IHCTD9 on 11.15.22 at 9:49 am

#72 Don Guillermo on 11.15.22 at 2:21 am

… living in a shit hole like Surrey. I hope someday you’ll figure it out but I’m afraid you’ll be wasting away in Surrey and dreaming…

________

Whoa! Ponzie lives in Surrey? I had no idea. All I ever read in the news WRT Surrey is drugs, murder, and gangbangers. Whistler killings, film maker guy, Air India guy – an endless stream of banger violence and death. I see Numbeo just ranked Surrey the #1 crime infested city in Canada (and in the top 50 globally – that’s actually pretty shocking).

Man Ponzie, if this is actually true, my sincerest condolences. I wouldn’t live in that dump for a brand spanking new CAT D11R.

#81 Ponzius Pilatus on 11.15.22 at 10:41 am

#72 Donnie G.
Interesting.
You live in Mechiko, but you really don’t know how average Mechikans live.
When I travel, I always go off the beaten track and try to see how the real people live.
In some countries that can be dangerous, like some cities in the States.
Funny enough, never felt unsafe in China.
In any case, this discussion is over.
Have a nice day.

#82 Ponzius Pilatus on 11.15.22 at 10:51 am

76 Fer…tility…Bueller? on 11.15.22 at 8:12 am
Meanwhile, the sperm portfolios are shrinking! SHRINKING!

https://www.theguardian.com/society/2022/nov/15/humans-could-face-reproductive-crisis-as-sperm-count-declines-study-finds

…and why does every article point out that the debt pile piled onto the young by the aging boomers is going to be hard to pay if there is fewer of the young slaving?

(from the article)…
But, said Sharpe, “These issues are not just a problem for couples trying to have kids. They are also a huge problem for society in the next 50-odd years as less and less young people will be around to work and support the increasing bulge of elderly folk
————————
Should not be surprising.
People walking around inhaling smoke and pollution.
And eating and drinking plastic particles.
There are reports that average life expectancy is declining.

#83 Ponzius Pilatus on 11.15.22 at 10:55 am

78 Mick McClean on 11.15.22 at 9:08 am
Our fearless leader just announced another $770 million for Asian infrastructure bringing his total spending with the other spending previously announced to over $1 billion in this short trip. Is there any way we can keep this generous gentleman home before he bankrupts us or perhaps I’m missing have incredibly wealthy Canadian taxpayers are.
https://www.ctvnews.ca/canada/trudeau-pledges-cash-for-infrastructure-and-making-vaccines-in-developing-countries-1.6153213
————————-
You should also mention that Ukraine gets 500 billion, probably courtesy of Ms. Freeland.
Simply act of vote buying, me thinks.

#84 Ponzius Pilatus on 11.15.22 at 11:06 am

#80 Ihtcd99
I thought you like to live dangerously.
Tuff guy and such.
Anyway, if you ever come to Surrey, You can stay in my bunker.
And you can borrow a bullet proof vest, if you dare to venture out.
Cars are very expensive in Surrey, because you have to bullet proof them, too.
No place for softies from the East.
Sorry, Garth.
Last post on this thread.

#85 TheDood on 11.15.22 at 11:19 am

#6 BC Losing Investors to Washington State on 11.14.22 at 3:55 pm
1300 deals under 200k. many more millionaires, NHL, NFL, MLB same West Coast, many more job and business opportunities. No way we would waste a dime in BC when the deals are just next door on the American side.
___________________________________

Such a huge contrast across an invisible line (Washington state vs BC).

Capitalism vs Socialism
The who’s who of the S&P 500 (in Washington) vs ??? – who are BC’s top employers? The 3 levels of government maybe?

You certainly don’t hear about the monetization of RE south of the border to the extent it has happened here in Canada. I’m sure it exists in pockets here and there, but not like up here.

#86 Faron on 11.15.22 at 11:20 am

#75 Sail Away on 11.15.22 at 6:42 am
#70 Faron on 11.15.22 at 1:09 am
#40 Sail Away on 11.14.22 at 7:16 pm
#34 Faron on 11.14.22 at 6:57 pm

Sigh. I pray

Weird thing for a non-religious person to do.

I suggest introspection with a bit of careful thinking about the characters here to help you understand why I might show ~0 respect for you and many other commenters.

Anyhow, enjoy wasting your and everyone else’s time with your tallying.

#87 Dharma Bum on 11.15.22 at 11:20 am

#70 Faron

However, I may pretend I’m Dharma Bum so I can borrow your kiddie crampons at which time I’ll carefully wrap them in tissue, put them in a paper sack and toss them in a dumpster where they belong.
—————————————————————————————————-

You wear size 12s too? Cool!

I would lend you mine, anytime.

However, please don’t toss them into the dumpster. I desperately need them for the sidewalks in my GTA municipality. The plows do a crappy job in my hood.

That’s why I love being spoiled in the dry warmth of AZ.

Flip flops are the gear of choice.

(Not for hiking though. For that, I prefer Oboz. Size 12.)

#88 Don Guillermo on 11.15.22 at 11:24 am

#81 Ponzius Pilatus on 11.15.22 at 10:41 am
#72 Donnie G.
Interesting.
You live in Mechiko, but you really don’t know how average Mechikans live.
In any case, this discussion is over.
Have a nice day.
####
You’re way out of your league in this conversation and you know it.
Good for you to stop digging. It’s a step forward

#89 Dharma Bum on 11.15.22 at 11:25 am

First, you will feel bad, horrible, failed, defeated and worthless, which is a learning experience. – Garth
——————————————————————————————————-

That’s how I wake up feeling each and every morning!

Still, I haven’t learned a thing.

It’s hard being dim and unambitious.

Thank The “Creator” for dividends, though.

Time for another nap.

#90 Dr V on 11.15.22 at 11:39 am

Hmm. 2022 world cup

Canada yes

Italy, Austria no

Funny dat.

Thought some posters might need reminding.

#91 Slim on 11.15.22 at 11:42 am

#58 the Jaguar

Like Kari Lake’s Tweet after losing in Arizona: “Arizonans know BS when they see it.”

#92 Quintilian on 11.15.22 at 12:01 pm

For the professional posters, what this means that inflation will be brought down by suppressing wages

#93 IHCTD9 on 11.15.22 at 12:04 pm

#84 Ponzius Pilatus on 11.15.22 at 11:06 am
#80 Ihtcd99
I thought you like to live dangerously.
Tuff guy and such.
Anyway, if you ever come to Surrey, You can stay in my bunker.
And you can borrow a bullet proof vest, if you dare to venture out.
Cars are very expensive in Surrey, because you have to bullet proof them, too.
No place for softies from the East.
___

I appreciate the bunker space offer, and indeed it must be one of very high quality. But I doubt I’d ever venture into the southern end of BC for any reason, and definitely not bloody (literally) Surrey of all places. Prince Rupert still appeals, and the fishing up there too.

Also, no one is bullet-proofing their car in Surrey based on recent headlines.

#94 Faron on 11.15.22 at 12:04 pm

#84 Ponzius Pilatus on 11.15.22 at 11:06 am
#80 Ihtcd99

Sounds bad. Almost as dangerous as Mt. Benson in winter.

#95 the Jaguar on 11.15.22 at 12:22 pm

@ #72& #88 Don Guillermo on 11.15.22 at 2:21 am——-

Incredible but typical response from Ponzi. Must be low comprehension issues, because your description of life is Mazatlan was crystal clear and how many times do you need to state that you don’t play pickle ball? Praising China while denigrating Mexico. Is that the best small minds have to offer? Pitiful.

The ‘chest puffery’ and daily ‘one- upmanship’ posts are the norm on this blog, ( my big portfolio, etc., my big whatever wink, wink), but rude and insulting remarks between posters really say everything about the bullying poster. Yes, bully is the word. And it buries whatever salient point they may capable of offering on any subject.

The biggest bully on this blog ( who loves to play the victim when he gets a little of his own medicine) waits in anticipation daily to lob insult after insult at Sail Away with his two merry comrades chiming in as ‘bully back ups’.

This weekend Doug got side swiped with little acknowledgement or contrition from the poster when called out on it. Big people own up to their errors, but the anonymity of the blog requires none of that of course. Doesn’t prevent it from being duly noted.

Respect or the lack of it. It flies off the page and says so much.

#96 Shawn on 11.15.22 at 12:31 pm

Canada’s a big oil producer in the world, right?

We all know this, right?

Actually what percent of world production or demand does Canada produce?

Everyone, what is your rough guess?

I’ll give you the figure tomorrow. It’s not a figure I recall seeing talked about.

#97 Is Anybody Listening? on 11.15.22 at 12:40 pm

DELETED

#98 Don Guillermo on 11.15.22 at 12:44 pm

#84 Ponzius Pilatus on 11.15.22 at 11:06 am
#80 Ihtcd99
I thought you like to live dangerously.

No place for softies from the East.
Sorry, Garth.
Last post on this thread.
#########
Seems like shining a light on Surrey has touched a nerve.

#99 jess on 11.15.22 at 1:00 pm

ah the blessed

Reminders for our eyes / ice roars it melts
https://www.youtube.com/watch?v=2DLnhdnSUVs

#100 That Guy on 11.15.22 at 1:21 pm

Such wisdom gentle Garth. Truly working for a living is only a crutch until one gets enough investments to really start earning.
One benefit I would like to encourage others to consider is the effect RRSP contributions have on CCB, namely the contributions to RRSP will increase next year’s CCB as well.

#101 bdwy on 11.15.22 at 1:59 pm

shawn,
top 20 oil producers 2021 wiki.

United States 11,184,870
Russia 10,111,830
Saudi Arabia (OPEC) 9,313,145
Canada 4,459,455
Iraq (OPEC) 4,084,822
China 3,987,677
United Arab Emirates (OPEC) 3,091,481
Brazil 2,905,121
Iran (OPEC) 2,546,336
Kuwait (OPEC) 2,527,106
Norway 1,775,813
Kazakhstan 1,764,463
Mexico 1,734,495
Nigeria (OPEC) 1,540,991
Qatar 1,303,685
Libya (OPEC) 1,237,808
Algeria (OPEC) 1,133,123
Angola (OPEC) 1,127,449
Oman 970,816
United Kingdom 810,531

#102 Observer on 11.15.22 at 2:02 pm

Uh Oh!

Did Russia mean to hit Poland?

#103 Faron on 11.15.22 at 2:10 pm

#95 the Jaguar on 11.15.22 at 12:22 pm

Unfortunately, being principled sometimes demands expressing a lack of respect for the unprincipled. Ideas, and debate around ideas, demands respect. I started here with that tack. Getting repeatedly crapped on kinda soured the experience to put it mildly. When engaging with the ethically challenged who are willing to toss any notion of truth or intellectual honesty out the window to benefit themselves or their viewpoints, disrespect must reign if only to alert others who have been bamboozled (noting that alerting inhabitants of an echo chamber is akin to allerting the denizens of Plato’s cave — the dark, narrow cavern I alluded to earlier and that you turned your dirty mind to). Any healing of the rift is nigh impossible until they of dicey ethics own up to their low points.

Many religions and belief systems demand forgiveness without qualification, so I have something to work on there. Almost certainly so. And almost everyone has ethical transgressions (we wouldn’t be human if we didn’t) so I keep mine at front-of-mind in case a glimpse of humility shows itself as an opportunity for me to return in kind. However, I’m not going to hold my breath there. I’m also not going to go first. I tried that here once and elsewhere on Twitter and those instances have been used against me as a cudgel ever since.

TL;DR I’ll take ethically intact disrespect over polite discourse with ethically fraught humans any day of the week. See also The Sex Pistols.

#104 act your age on 11.15.22 at 2:54 pm

@#95 the Jaguar on 11.15.22 at 12:22 pm
@ #72& #88 Don Guillermo on 11.15.22 at 2:21 am——-

Incredible but typical response from Ponzi. Must be low comprehension issues, because your description of life is Mazatlan was crystal clear and how many times do you need to state that you don’t play pickle ball? Praising China while denigrating Mexico. Is that the best small minds have to offer? Pitiful.

The ‘chest puffery’ and daily ‘one- upmanship’ posts are the norm on this blog, ( my big portfolio, etc., my big whatever wink, wink), but rude and insulting remarks between posters really say everything about the bullying poster. Yes, bully is the word. And it buries whatever salient point they may capable of offering on any subject.

The biggest bully on this blog ( who loves to play the victim when he gets a little of his own medicine) waits in anticipation daily to lob insult after insult at Sail Away with his two merry comrades chiming in as ‘bully back ups’.

This weekend Doug got side swiped with little acknowledgement or contrition from the poster when called out on it. Big people own up to their errors, but the anonymity of the blog requires none of that of course. Doesn’t prevent it from being duly noted.

Respect or the lack of it. It flies off the page and says so much.

——-

Jeez, the whole lot of ya could grow up a little.
Do you folks communicate like this in real life?
Like a bunch of petulant 8 year olds slinging mud at each other in the playground every damn day.
Kinda surprised Garth hasn’t called it a day with you folks.

#105 Wishbone on 11.15.22 at 5:02 pm

@Ponz
What’s with calling me a mechikan and my country Mechiko. It sounds incredibly stupid. You sound like a pendejo tourist that “Mexico” doesn’t need. Oh but you go where the “ mechikans “live aren’t we so lucky. People like DonG are welcomed in this country you can stay home!

#106 Republic_of_Western_Canada on 11.16.22 at 12:30 am

God bless Donald Trump and Tulsi Gabbard !