r/fican

If I transfer my stocks from BMO to Wealthsimple, will it still remember the ACB that I bought my stocks at?

For proper capital gains calculations in my non-registered accounts.

I recently transferred my fidelity mutual funds in kind from world source to Questrade staying within my holdco . Will I end saving management fees or should I sell them and buy index funds. All my other investments are in stocks and etf’s these fidelity mutual funds are the last mutual funds I own

Let’s say god has blessed you and 80k falls from the sky right into your lap.

You have no major debt but expect a very maximum of 40k in student loan fees to pay off when you are 23ish. You are a student attending a top STEM school and are projected to get a good high paying job at the end of your degree and have paid most of your degree off with coop earnings.

Now … what do you do? You have 9k of space in your TFSA (made up 95% of XEQT) but more money to potentially invest then you have space.

Also considering, we are likely at all time highs, so is it the best idea to invest it right now? Esp with majority in a non-tfsa account?

What would you do in this fictional scenario??

Wanted some advice on where I should put my money in. Have around 4K to invest and was thinking 80% xeqt 10% vdy and 10% schd. Want to know your thoughts

Lately it feels like markets don’t really get time to settle anymore. Just when things start stabilizing, a new headline or decision comes in and shifts sentiment again.

We’ve seen phases of tariffs, geopolitical tension, sudden escalations… and each time the reaction has been pretty sharp. It almost feels like the market keeps getting reset before any clear trend can fully play out.

Because of that I’ve been adjusting positions more than usual instead of just holding and waiting. Not really ideal, but it’s been that kind of environment.

One thing I didn’t really pay attention to before was trading fees. But with more frequent entries and exits, it’s becoming a lot more noticeable. Small costs per trade don’t feel small anymore when they stack up over time.

Recently started looking more into platforms with better fee structures. Things like VIP tiers on exchanges such as Bitget are starting to make more sense in this kind of market where activity is higher.

Curious how others are seeing it.
Do u think this kind of environment continues, or are we due for a more stable trend soon?

Hey everyone!

I’m looking for advice on where to keep my emergency fund. I have enough room in my TFSA, and I’m considering using it for this purpose. If I put my emergency fund in my TFSA, should I invest in ETFs or keep it in something more liquid and low-risk? Will I be able to withdraw the money quickly if an emergency arises with that?

Are there better alternatives to the TFSA for emergency funds? I’m thinking of options like high-interest savings accounts or GICs.

Thanks in advance!

Edit: I forgot to put our ages. My wife turned 40 in January and I turned 39 in July.

Edit2: we live in a low cost of living community, which is quite rural, with a house that is paid off. It is older and modest and worth about 380 K. Our vehicle vehicles are both over 10 years old, but we will look to replace them in the next couple of years.

Hey everyone — this is probably my favourite sub as it helps keep me motivated, and I know I’m firmly in the “boring middle.” I’m about halfway through my career now, which is kind of wild to say out loud.

The past couple years I’ve posted a year-in-review (income, expenses, savings) and will do that again once taxes are done. In the meantime, I’ve been thinking more about optimization—especially around kids and future taxes given we’ll both have solid pensions (mine likely ~$10–12k higher in today’s dollars, both growing over time).

Also before the usual “live a little” comments — I’m literally writing this on vacation while one kid naps and the other is at kids club, drink in hand. We’re pretty happy with our balance. We don’t spend much day-to-day (rarely eat out, coffee at home), but spend intentionally and will likely spend more over time.

Current situation:

Me:

• TFSA: 159k

• RRSP: 128.5k

Wife:

• TFSA: 159k

• RRSP: 75k

• Non-reg: 77k

RESP (2 kids, 4.5 and 2): ~42k

We’re investing about $8k/month right now across TFSA/RRSP/RESP. A good chunk is from a side hustle ($25–30k/year), so that won’t last forever, but we’re debt-free (will upgrade vehicles soon) and expect to still invest around ~$5k/month long term.

We’ve also been aggressively using extra RESP room while trying to leave space to keep maximizing CESG each year.

Portfolio is simple — mostly VGRO (~80/20) plus a small amount of crypto.

Future:

• Pension: \~$58k (me)

• Pension: \~$52k (wife)

• Retirement target: 55 / 56.5

• CPP + OAS later

Fully aware this might be peak “boring middle over-optimization,” but figured I’d sanity check.

Questions:

1. For the non-registered account — does it make sense to build this more in my wife’s name for tax reasons, or just keep it joint?
2. With pensions + future CPP/OAS, anything obvious we should be doing now from a tax planning perspective?

Appreciate any thoughts.

Currently a student on internship and will be going back to school January 2027.

Plan is to put roughly half in my TFSA and save the other half for university(tuition, rent, etc). I have practically no expenses as I live with my parents. Now I’m with TD and the interest is like 0.05% or something terrible like that. Where would be the best place to put this money? Should be around 15-20k by the end of the year and I’ll contribute to it monthly.

I’m 23 years old a come from a low income family who’s bounced around all my life and never really had anything nice, so once I got a steady job went out and financed a car for about 7 years ( I’m almost 2 years in and am now realizing this was not the greatest idea) anyways I’m wanting to grow money over time (buy a house, be able to retire before the age of 65… so I got into wealth simple. I am from Canada so the numbers I list will be in ($CAD) anyways i want to start investing and ive never really been good at putting money away but am now feeling very behind so i would like to start as I’ve never really had anyone to teach me. On wealth simple I opened a (FHSA) and a (TFSA) and don’t have a exact number I put in but it’s around 1-200 a week and with what I was told I instantly buy VEQT and just let it sit. Now I have absolutely no knowledge on the stock market or anything like that so my question is this the best/safer option to optimize growth while limiting risk. Or should I be doing something different. Where do I learn these things without following the “TikTok and online posts of get Rich fast” what is the best and smart plan to growing these accounts. I would like to have enough to have a decent down payment in the next 7 years that’s assuming I can max the fhsa at the 8k each year but is this the right stock to be doing or is there a better way to go about it?

I am currently a uni student, and I have just below 50k liquid and am looking for some advice on what to do with it. I was thinking my best option at this moment in time would be to put some into the S&P 500 and some into the tsx market as safe return stocks. Would this be a good idea to start now any feedback would be greatly appreciated!

https://preview.redd.it/d14ygr3is7tg1.png?width=1309&format=png&auto=webp&s=9e8d944f86a6716b53e06fdc5683b7bbce87c47a

Just started investing a little while ago. Currently only investing 5%~ of my paycheck/week into an investment account, and 80%~ into student loan debt. Any suggestions about where I should be investing my money? Or other suggestions? Should I also open an FHSA or RRSP?