My TD e-Series TFSA - 1 year later

It was a year ago in April 2012, that I finally transferred my whole TFSA to TD Waterhouse to purchase their e-Series funds. The initial process was a real pain in the ass but looking at the gains a year later I think it just may have been worth it.

Know your Coffee - Caffeine Content

Myth: Tim Hortons coffee is stronger (ie has more caffeine) or is the same as Starbucks. Answer: False. Starbucks coffee contains more than twice the caffeine of a comparable size at Tim Hortons.

Who has the largest TFSA Balance?

A recent article from the Globe and Mail has got me wondering who has the most valuable TFSA in the country and how they managed to achieve it.

To what end do we work?

If I were to answer the question, I would tell you that I make money so that I can provide for myself and my family. To live comfortably and without worry.

A credit card is a tool. Learn how to use it.

The personal finance world is rife with bloggers that went way into debt in their early university years, only to overcome it finally after many years of struggle. In a way these people learned a lesson which should have been understood before they even got their first credit card.

Greatest apartment hunting tool

As I'm currently in the process of looking for an apartment, I'd like to suggest to anyone else in the same situation to definitely take a look at Padmapper.

Goals and Happiness

I have thought a lot about what my goals should be for this site. I see other people have set theirs as paying off credit cards, student loans, or mortgages.

Tuesday, 25 November 2014

2015 TFSA Limit = $5,500

The CRA has announced that the annual TFSA contribution limit for 2015 will be $5,500. This makes the total possible contribution room since introduction a sizeable $36,500.

  • 2015: $5,500
  • 2014: $5,500
  • 2013: $5,500
  • 2012: $5,000
  • 2011: $5,000
  • 2010: $5,000
  • 2009: $5,000
*As usual, don't just take my word on something when it comes to your money. Check out the CRA site at the link below.

2015 indexation adjustment for personal income tax, benefit amounts, and the annual dollar limit for Tax-Free Savings Accounts (TFSAs)
http://www.cra-arc.gc.ca/nwsrm/fctshts/2014/m11/fs141125-eng.html

Thursday, 6 November 2014

Nov 2014 Net Worth Update +0.95%

This last month was full of expenses so I am pleased to report that I have recovered most of the losses from the previous month and am now ready to begin saving again. As you can see I had to liquidate all of the shares I held in my employee share purchase plan to help pay for the expenses and this was in addition to having already placed on hold any further contributions into the plan. Hopefully I will be able to start the plan up again in the near future once I get a better handle on everything.
TFSA - $39,343.93 +6.32%

RRSP - $5,329.84 +0.53%

Company stocks - $0.00 -100%
(stocks purchased this month = $0)

Chequing - $257.25


Total: $44,931.12
Gain: +0.95% or +$421.71



Oct 2014 Net Worth Update -1.01% - Red all over

(I am posting this very late now - Nov 6, 2014)
Market jitters, fresh expenses, and two unfortunate pay-dates came together in September to create the perfect storm and resulted in the red percentages you see below. However, seeing as this is my first loss in more than a year I am not too concerned and will continue to hold the line.

TFSA - $37,004.01 -1.18%

RRSP - $5,301.75 -1.12%

Company stocks - $2,962.30 +1.27%
(stocks purchased this month = $0)

Chequing - -$758.65

Total: $44,509.41

Gain: -1.01% or -$455.10




Saturday, 6 September 2014

Sep 2014 Net Worth Update +2.13%

The gains that you see below are entirely the result of market fluctuations and have nothing to do with any new savings or improvements in my financial situation. Next month will also show little improvement as I've had to put on hold contributions to my employee share purchase plan in order to catch up on my expenses.

TFSA - $37,445.04 +2.1%

RRSP - $5,361.89 +1.8%

Company stocks - $2,925.10 +9.8%
(stocks purchased this month = $149.32)

Chequing - -$767.52

Total: $44,964.51
Gain: 2.13% or +$939.51



Sunday, 3 August 2014

Aug 2014 Net Worth Update +0.85% - Despair sets in

I am finding it increasingly difficult now to get by every month on my meagre salary. This month was especially close as I struggled to pay everything off and at one point my chequing account had a balance of $0.01 before the next paycheque went in. In the previous month's net worth update I gave the definition of despair because it is the emotion I am experiencing at the moment. My interest in personal finance takes a back seat when I don't have any room financially to move around. I am faced with the same situation each month whereby one of my paycheques goes almost entirely to paying my rent and the other goes to paying off my expenses which I put on my credit card. It is made more difficult because every month 10% of my salary goes towards my company's employee share purchase plan which allows me to buy shares at a discount. I had hoped to continue with this seeing as it is a guaranteed positive return each month but I may have to put it on hold until I can increase my salary or find another source of income. I have attempted to cut my expenses but after crunching the numbers, the amount that I would be able to save is really quite minimal and would more negatively affect my quality of life than anything.

On that depressing note, here are my numbers for the month.

TFSA - $36,683.00 +0.6%

RRSP - $5,267.86 +0.6%

Company stocks - $2,664.95 +3.9%
(stocks purchased this month = $298.64)

Chequing - -$590.81

Total: $44,025.00
Gain: 0.85% or +$372.24


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