CANADIAN Stocks I’m BUYING in my FHSA in 2024 // NEW Portfolio!

[@CanadianTShirt]

I hope you enjoy this sneak peak of my Members-Only videos! 😎 Hit the JOIN button to see more and help support my channel! 🙏

[@CanadianTShirt]

I'll include a link below 👇 kzbin.infojoin

[@shellz831]

​@@CanadianTShirtnot sure why you wouldn't use Wealthsimple when buying Canada stocks & etfs. If I'm not buying from the US market, then Questrade fees is not worth it.

[@CanadianTShirt]

@@shellz831WealthSimple is very limited in terms of features and visibility. Sure I save $5 on commission fees but it is missing so much, things that really matter to me. Even something as simple as sorting all of my holdings by Book Value vs Market Value vs P&L etc, you can't do that with WealthSimple and it's infuriating.

[@CanadianTShirt]

@@shellz831of course for beginners, these things don't matter. They just want simplicity and that's where WealthSimple truly shines! But for more experienced investors, it's quite limiting. I want to see ALL the information on the screen, not just 3 columns. But if it works for you, then go for it! It's a personal preference! 😊

[@Channel-iz5qq]

I am trying to use your referral Code for Questrade account but it’s not working 😶

[@TriksterHD]

Man you’re seriously awesome dude. You’re so informative and helpful to Canadians that don’t know or understand about finances and investing. I love you energy in every video and it makes me want to watch and learn new things every day. I hope you have your videos up when my kids get a bit older so I can show them these videos.

[@CanadianTShirt]

Wow! Thank you so much for those kind words! You just made my night! 🙏

[@CanadianTShirt]

And absolutely! I will always keep my videos up, even if I ever do retire! But hopefully I'll still be making videos once your kids are old enough! 😁

[@CanadianTShirt]

In the meantime, make sure you are maximizing your RESP to get that FREE government grant money for your kids! I have a whole playlist of RESP videos to make sure you're using the right strategy =) kzbin.info/aero/PLj8bU3AuW2qEAKd33FNOdPy6TVe239RtA

[@katealeksen7701]

@@CanadianTShirt Yes! An amazing content. Thank you! How can I connect with you if I have a question? Do you use your email? I was filing my taxes using GenoTax Standart, I think the calculation is wrong. Thank you.

[@CanadianTShirt]

The best way to reach me would be message me on Instagram. We can arrange a one on one call if you need but I don't have a lot of time on my hands lol

[@chadpenton2071]

Another informative video, Adrien. Thanks again for letting us in and giving us a sneak peek of what's normally privy for paying subscribers. We don't deserve you. I can hear the excitement in your voice of now having the opportunity to build a new account from the ground up. As usual, looking forward to your next video. G'luck and here's to gains for all of us for the rest of 2024.

[@CanadianTShirt]

Thanks buddy! I appreciate those kind words and you're right! I know I'm a total nerd but I can't help it! I DO get excited when I start something new, including a new investing portfolio!

[@CanadianTShirt]

This isn't going to happen to me again until I have kids and can finally open an RESP! 😆

[@stormtrop4]

Thanks for giving us this video! Hope you enjoyed your vacation!

[@CanadianTShirt]

You bet I did! My first proper vacation in years! 😁

[@Sunshya]

Thank you for your great content!! I started investing about a year ago as soon as I turned 18, and have followed your videos since then, it's helped me a lot to build my TFSA 😊✌

[@CanadianTShirt]

That's incredible! I'm so happy that my videos helped you get started and major props to you for investing at such a young age!

[@CanadianTShirt]

I WISH I had started investing at 18!!! Keep it going! 🙌

[@Brett439]

Thanks for the video. Would you ever do a video on your unregistered account strategy?

[@CanadianTShirt]

Of course I will! There's a lot to talk about! =)

[@samerrmr381]

My preferred KZbin guy!! 100% BTCC in my FHSA, up 120% lol. But I'm aware about the risks and I have an exit strategy.

[@CanadianTShirt]

Wow! Congratulations! Glad you bought in at the right time, at the low point!

[@CanadianTShirt]

But yes please please be cautious... you NEVER want to be all-in on one asset. Especially something as speculative as BTCC...

[@CanadianTShirt]

If you're up that much, you might consider selling a portion of your holdings. That way you basically have broken even in the absolute worst case, if it crashes again =)

[@rundown132]

"Exit strategy" you can't time the market fam

[@CanadianTShirt]

That's true. Just be careful and weigh the risks. You don't have to pull out entirely but maybe lock in some of your wins

[@jasonstupak4535]

Great Scott! Congrats Adrian! Much success on your continued life's journey.

[@CanadianTShirt]

Thanks Jason! I'm speeding towards my density! I mean... my destiny 😉

[@angelovella8955]

Great work! Always enjoy watching. All the best on this new portfolio. Is your spreadsheet for sharing? Well organized.

[@CanadianTShirt]

Absolutely! I include the link to download my FREE template below each of my videos! I'll include it here as well =) bit.ly/2O4f3sr

[@CanadianTShirt]

Watch my DRIP Explained video for a full breakdown of how to use my excel sheet =) kzbin.info/www/bejne/pabciaqXibSZnrc

[@pashaweb25]

Cool video and great google sheet with stocks. I like your organization in the table. There is a question for you. How do you control assets allocation of you portfolio? And one more. Could you make a video with table columns explanation? I would like to use your portfolio table if do not mind of course

[@CanadianTShirt]

Way ahead of you buddy! Check out my DRIPs Explained video where I go over each of the columns in my template =) kzbin.info/www/bejne/pabciaqXibSZnrc

[@CanadianTShirt]

And feel free! I include a link to download a FREE Excel template under each of my videos =)

[@AG-gh4ju]

Thank you for sharing your amazing knowledge!! I started investing about 2 years ago and was lucky to find your videos! I have followed your videos since then and it has helped me immensely. I am curious to know what/how you decide what to invest in in your TFSA vs RRSP vs FHSA....Do you invest in the same stocks in the different accounts or completely different stocks??

[@jnation1766]

Awesome Video and informative, I want to sort of copy this to try and get a first home hopefully,. quick question. if it is for your first home, and not your situation specifically, would XEI be better then XIC for the immediate dividends? or is there much difference with XIC having better longer capital gains?

[@CanadianTShirt]

You don't to choose one or the other, I invest in BOTH! =)

[@CanadianTShirt]

They serve different roles! XIC is less dividends, more capital growth. XEI is just more specialized. It's a smaller subset focusing on high dividends. But I hold both! =)

[@ufos0are0real]

Great video. FHSA is a no brainer for people that qualify. One thing no one seems to have a definitive answer about though is if you can continue to contribute to the account/keep the account open if you opened it, then bought a house, but didnt withdraw from the FHSA account to do so. Not very clear if you are forced to liquidate or convert the account to RRSP at the point of purchase, even if you dont use the account for the purchase or if the account can remain open if you dont withdraw from it.

[@CanadianTShirt]

The whole point of the FHSA is to withdraw the money tax-free when you buy your house. If you buy a house, you SHOULD withdraw all the money out of your FHSA and then close the account

[@CanadianTShirt]

Buying a house and choosing NOT to use this money and keeping the FHSA open for 15 years doesn't really make sense... since now you won't be able to do tax-free withdrawals anymore, and that's the biggest benefit of the FHSA!

[@ufos0are0real]

@@CanadianTShirt if you opened the account last year and there's only say $2000 in it, and you are buying a house now there seems to be more appeal to me to be able to deduct FHSA contributions from income tax for many more years to come if the account can remain open vs taking 2k out now tax free. I'd rather the long term benefit on the tax side

[@CanadianTShirt]

@@ufos0are0realmy advice would be to max it out ASAP! So contribute $8K for this year and the $6K remaining from last year! That way you lock in that $14K tax deduction which could give you $5-$6K of FREE money with tax refunds!

[@CanadianTShirt]

@@ufos0are0realand then even if you're buying a house next week, you get to withdraw all that money tax free! And then collect that extra money with the tax refund =)

[@boneyn3661]

Nerds were annoying in high school but as I've gotten older I've come to realize every jock needs to have at least one helpful nerd around at work and for this type of thing hehe

[@CanadianTShirt]

hahaha I would be honoured to be your nerdy finance friend 😎

[@CanadianTShirt]

I love the old quote from Bill Gates, "be nice to nerds. Chances are that one day, you'll work for one" 😉

[@boneyn3661]

@@CanadianTShirt true dat!

[@boneyn3661]

@@CanadianTShirt hah the honour is all mine, my friend.

[@CanadianTShirt]

@@boneyn3661 🤝

[@evadeanu1]

Awesome! I was planning to get more SRU in my TFSA in April. Awesome video again!

[@CanadianTShirt]

Thanks Enid! That's a good call! Load up on these discounted prices and inflated dividend yields! 😎

[@RetirementReadyPortfolio]

Your content is always top-notch.

[@CanadianTShirt]

Thank you! I really appreciate that! =)

[@deco101]

If you are unable to max your FHSA by end of year, it may be worth liquidating some of youe TFSA in Nov/Dec and transfering it over. That would give you the full tax benefit of the FHSA and that TFSA space will free up in the new year.

[@CanadianTShirt]

That is certainly an option! Hopefully I'll be able to max it out organically but I'll keep you posted! =)

[@CanadianTShirt]

But great points, thanks for sharing! =)

[@nevillejames2200]

Thanks very much for this walk through. This is great. I hope you are well Adrian. 😁

[@CanadianTShirt]

Thanks buddy! I'm glad you found it helpful! =)

[@Davidd419]

That's a great looking spreadsheet. Thanks for sharing. Finally someone else that has also figured out the USD dividend stocks only in RRSP and CAD dividend stocks are best in TFSA / FHSA. At first I thought you were trying to get DRIP to automate a lot of stuff but then I realize you're using Questtrade and have to pay those stock purchase fees. I am using WealthStimple so I don't usually have to worry about trying to get the stock up to a DRIP level. I guess considering you won't have drip in the FHSA for a while whenever those dividends come in you'll make another deposit? and invest them at the same time to use up some of the dividends that come in, otherwise the cash earned just sits there?

[@CanadianTShirt]

You got it David! I'm glad you found it helpful! Yes I've been preaching this tax efficient strategy for years!

[@CanadianTShirt]

And yes if you have WS, then a DRIP won't save you any money but it's still nice to automate. I never have cash sitting there

[@CanadianTShirt]

As soon as I receive a dividend, it's either automatically reinvested with a DRIP or a manually purchase shares of an ETF =)

[@Northern_Squirrel]

Great video Adrian, I have a few questions. 1. Since you own rental properties, why do you own so many REITs? 2. I also own smart centre reit, scratching my head as to why it lost over 30% over the last 5 years considering Walmart is their largest tenant. Even if you factor in the distribution, it probably didn’t make any money over 5 years. Do you suggest any total return calculator available online? 3. Do you always select market order when you buy? I rarely use market order, mostly select a limit order, few cents lower than last filled price.

[@CanadianTShirt]

A lot to unpack there so I'll break it down. Real estate is my largest backbone of my investing portfolio. That includes rental properties that I own with my brother but those are just small residential townhouses

[@CanadianTShirt]

With REITs, I get a far more diversified portfolio across multiple sectors of real estate including retail, offices, industrial, residential, healthcare etc. It's important to cover all your bases!

[@CanadianTShirt]

Yes SRU like all REITs are down across the board due to the record high interest rates but remember, these rates won't last forever. And in terms of the profit, it depends when you bought it! I bought most of my shares at the lowest point in 2020 and 2021 in lockdowns! So even now, I am profitable especially when you factor in the dividends!

[@CanadianTShirt]

And yes I always do a market order, I want the order executed immediately. Sure I "could" save a few dollars with a limit order but there's an equal chance that the price goes up and then I never end up buying it. I don't care about the short term fluctuations at all, I care about the long term growth =)

[@Northern_Squirrel]

@@CanadianTShirt I am down about 14% (share price excluding distribution) but keeping it and collecting monthly distribution. As you said, share price should bounce back when interest rates go down.

[@shahedaniyaz9835]

Thank you for the video Adrian. Been following you for a while and it's always helpful what you do for us. If we jointly own a condo that was bought in 2022 but we never lived in the unit as we are renting our place in a different city, am I eligible to open FHSA? Please respond if you can. Also, we used our RRSP investment towards our down for the condo

[@CanadianTShirt]

In that case yes! As long as you have not lived in the place you own for the past 5 years, you are still eligible to open an FHSA!

[@CanadianTShirt]

Congratulations on the purchase! And thank you for those kind words! I'm glad my videos have been helpful! =)

[@offnl_]

Great content! Opened FHSA too but not going to use it for my first home purchase and will just use to invest

[@CanadianTShirt]

And then transfer it over to your RRSP?

[@CanadianTShirt]

You get the MOST tax benefit if you use it to buy a home since those withdrawals are totally tax free! However, if that's not a goal for you, yes you can transfer into your RRSP. So the FHSA just becomes an extra $40K of RRSP contribution room in that case =)

[@screugneugneu1]

@@CanadianTShirtNot in most cases, if tax is 50% on everything, you prefer a return of 8% for 30 years then pay 50% tax on all when getting money out RRSP than 4% after tax return for 30 years

[@dor1994]

Another awesome video! I work for the railroad and am curious if you invest in any railroad related stocks?

[@CanadianTShirt]

I absolutely do! I own both CNR and CP plus I have more exposure in railroads through various ETFs =)

[@CanadianTShirt]

They are very reliable industries. Consistent and dependable growth =)

[@dor1994]

@@CanadianTShirt awesome thanks, I'm in the CPKC employee share purchase plan and its nice the company matches 33% of our contributions!

[@CanadianTShirt]

Awesome! Take that free money! =)

[@Javid8323]

Hi Adrian, thanks for another great video. I had a question. Is it ok to invest in XEQT and XUS or do they overlap?

[@CanadianTShirt]

Overlap between ETFs is totally fine! As long as you are aware of it! =)

[@CanadianTShirt]

Most of my ETFs have overlap between them!

[@BrendinLloyd]

TD was taking up a huge chunk of my portfolio, while it is a safe stock, I sold half of it to put into Smart centers for now. Thank you for your videos, I've been following them since summer 2023 and it's put me on track to make my own decisions and weigh my risks. I'm starting with 'safe' stocks with high dividend yields and will continue to diversify my portfolio in other areas when I'm feeling comfortable. I'm here for the long game.

[@CanadianTShirt]

TD is still one of my largest holdings across all my accounts! But SRU is up there as well!

[@CanadianTShirt]

That's the way to go! "Safe" stocks are gold! I only invest in quality companies that are profitable with a good track record!

[@CanadianTShirt]

I live an exciting life! I don't need excitement in my investments! 😂

[@willkeen5010]

Thanks for the update Adrian! I don’t use Questrade but I noticed on your second purchase you stated you were spending all the remaining cash so no commission unlike your first order which had a 5 dollar commission. Is that a special feature from this online brokerage? Have a great day.

[@CanadianTShirt]

Yup! One of the best features of Questrade. They don't charge any commission when you buy ETFs! =)

[@CanadianTShirt]

So my general strategy is this: I buy stocks with at least $500 at a time (so that the $5 commission fee is

[@CanadianTShirt]

For any amounts smaller than $500, I only buy ETFs to avoid the commission fees entirely =)

[@tiffanyyau2579]

Thank you for this video! I'm a university student just figuring out how all of this works after getting sold a mutual fund at TD (and panicking afterwards) :^) I see a lot of videos telling people to get X/VBAL, X/VEQT or some sort of diversified ETF. These two options are only Canadian- is this enough diversification, or do you have others in your FHSA? How does your method of having lots of dividends compare to growth oriented options? Any help or resources is appreciated!

[@wizzle89]

Could you do a video comparing mock 10 year horizon portfolios comparing standard principal growth focused portfolios vs dividend growth focus? With a special focus on how dividend growth rate affects overall returns?

[@vincewoo3415]

Thank you for the video. It's still beneficial to me even though I am not eligible for opening FHSA. I take away SRU.UN REITs

[@CanadianTShirt]

You got it! Until today, my entire SRU position was in my RRSP (because my TFSA was limited room) but it would be a great position to hold in any tax sheltered account: TFSA, RRSP, RESP etc =)

[@joyeeyang]

Hahaha nice! Buying REITs in a FHSA ;) Fits perfectly

[@CanadianTShirt]

It's an elegant approach! Use the power of real estate to buy more real estate! 😎

[@AmandeepSingh-zz5ur]

For FHSA , should we invest in Canada ETFs or US ETFs . Also could you provide example of top 5 ETFs we should be investing in .

[@CanadianTShirt]

Personally I'm investing in Canadian dividend ETFs and Canadian REITs since they will be 100% tax free in the FHSA!

[@CanadianTShirt]

US growth ETFs are fine but I'm avoiding US dividends since they will face a 15% withholding tax in the FHSA. Only the RRSP can avoid this tax on US dividends

[@CanadianTShirt]

Check out my video here on my favourite Canadian ETFs that I invest in! =) kzbin.info/www/bejne/a5TVoWinmracpMk

[@wwtrkr3189]

Hi Adrian, A friend of mine, this week, introduced me to the Smith Manoeuvre. I'm just about to max out all my tax free allowances in Canada and I'm looking for my next move. What's your take on the Smith Manoeuvre? I'll wait for a video of you think it's worth the investigation. Thanks for the content. Always informative and entertaining. I love your style of presentation and ability to break down the intricacies into layman terms. Really an excellent channel, sir.

[@CanadianTShirt]

The Smith Maneuver is a FANTASTIC option that gives you amazing tax benefits! I haven't personally used it since I don't own my residence. I only own rental properties and so my mortgage interest is already tax deductible. So the Smith Maneuver wouldn't provide any value for me

[@CanadianTShirt]

But if I did buy a home to live in, I would absolutely take advantage of it! I can certainly make a video on it, since I'm very familiar with every step in the process including HELOCs etc. It's a lot to cover! =)

[@wwtrkr3189]

@@CanadianTShirt that would be pretty awesome! I think I've got the hang of it, from Smith Junior's presentation, but I'd like to have your clarity and I think it's a perfect fit for your channel. I don't think anybody would object to an in depth look at it and I'm sure it would be brand new to some of your audience. It was to me just a week ago. I scanned the headlines of Jimmy Carr, the English comedian. He had his wrist slapped a couple of years ago for tax avoidance using an offshore scheme (based in Jersey) that on the face of it, looks very similar to the Smith Manoeuvre. Can you clarify why it's not (tax avoidance) please? As I said, I think I've got a reasonable comprehension of how to go about this and how it works, but perspective can be a pandering folly and I'd like to be certain the CRA and I are looking through the same end of the telescope, if you'll excuse the metaphor.

[@CanadianTShirt]

@wwtrkr3189 well you're not doing anything off shore! The loan, the mortgage and everything remains in Canada 🙂

[@dayulPH]

I absolutely love these releases!!!

[@CanadianTShirt]

And I absolutely LOVE these comments! 🙏

[@CanadianTShirt]

Thanks for watching bud! I'm glad you found it helpful! =)

[@tasniah.6453]

Could you please make a video explaining CIA/CCR? Thanks so much in advance

[@CanadianTShirt]

I am planning on making a video on that soon! Stay tuned!

[@RodBellamy]

Great content! Wish I had this when I was younger! How do we join your Members-Only?

[@CanadianTShirt]

Thank you so much for those kind words! I always say, better late than never! 😁

[@CanadianTShirt]

If you'd like to join my Membership program, hit the JOIN button below the video! It should be right next to subscribe! =)

[@CanadianTShirt]

You can also use this link here. It will give you a quick popup video explaining my membership program =) kzbin.info/door/SadrZbocL562URt0QDF3eAjoin

[@johnpiroz7075]

I have one question regarding your brokerage you use, if you just want to hold stock for long time do you still have to pay monthly?

[@skycaptain5447]

You'll pay a monthly fee for Questwealth roboadvisor, not to hold individual stocks.

[@CanadianTShirt]

That is correct, if you want to do a managed portfolio, called Questwealth Portfolios, where you just put money in and they choose what ETFs to invest in, yes you will be paying a monthly fee

[@CanadianTShirt]

But if you're doing self-directed investing: where you pick what stocks and ETFs to invest in, then no. There are no monthly or recurring fees. You only pay the one-time $5 commission fee when you buy the stock

[@torenatkinson1986]

5:36 I took at look at SmartCenters stock and it's been down for the past 5 years (which is as far back as I can see in Wealthsimple) - I'm curious to hear your thoughts as to how you rationalize that to make it your choice to invest in? I'll be retiring hopefully in 10-15 years and I'm still trying to figure out what is a good stock based on that 5 year trend is. Also second question - what do you think is the lowest amount of $ you would invest in a stock given that you have to pay that $5 trade fee?

[@CanadianTShirt]

I'll answer the second question first! With Questrade, I only buy stocks with a minimum of $500 at a time, the higher the better! That's because the $5 commission fee will be less than 1% of my investment. That's not a big deal, 1% swings happen on a daily basis

[@CanadianTShirt]

And less than $500 and I only buy ETFs since it's commission free. If I buy a stock with $100, that $5 commission will eat up 5% of my initial investment. That's way too big of a bite

[@CanadianTShirt]

And for SmartCentres, you have to remember the nature of the business and the economic environment we've seen since the pandemic lockdowns. Luckily I bought in during the lockdown, at the lowest points so my holdings are still profitable (when you include dividends)

[@CanadianTShirt]

But the main reason why REITs like SRU are down since 2022 is because of the record high interest rates! That hurts real estate extra hard because they are so leveraged! But once interest rates start to come down, I expect to see their profits boost significantly and their share price to recover

[@CanadianTShirt]

In the meantime, I'm happy to collect those higher dividend yields of 7% That makes the waiting game much easier to handle, eventually I'll see capital gains on top of that =)

[@Lifeofapunjabi]

Hi brother just start investing, bought 2/3 of my portfolio as individual stocks and other ETFs. Kind of unsure whether I should continue my individual stock holding

[@CanadianTShirt]

ETFs are the foundation to give you broad market exposure and diversification. But on top of that, I like individual stocks to double-down on the gems that I think will outperform!

[@CanadianTShirt]

But that is totally a personal preference, find what works for you! I would say that an all-ETF portfolio is safer than an all-stocks portfolio on average but I prefer a hybrid approach! That works for me! =)

[@Lifeofapunjabi]

@@CanadianTShirt if the individual stocks do perform well for a say a week and I have got my profits would it be good idea to sell them

[@CanadianTShirt]

Of course you "can" but I wouldn't. Ignore short term performance, that really doesn't matter and it's so unpredictable. Invest in the LONG term!

[@CanadianTShirt]

Will Apple stock go up or down next week? I don't know and frankly I don't care. Short term is meaningless. What I do care is how will Apple as a company perform 5 years from now, 10 years from now! THAT is wealth =)

[@torenatkinson1986]

11:13 I'm confused about Dividend 0.1542 versus Yield 7.66% - what is the meaning of those numbers? If have $100 invested in a stock, do I get $7.66 every month? Also how do you know by looking on questrade if something gives you a dividend every month or every 3 months (which is what I get from most of my stocks)?

[@CanadianTShirt]

That's a very common question! I answer that in detail in my old video here: DIVIDENDS EXPLAINED =) kzbin.info/www/bejne/bKndl5qFl72rrLc

[@CanadianTShirt]

The dollar amount is the dividend per share. That's the real, fixed number. It only changes when they change the dividend, usually once a year. The % yield, depends on the share price so that number fluctuates every minute!

[@CanadianTShirt]

So yes if you buy the stock today at this moment, at this price with $100, you would expect to receive about $7.66 a year in dividends. Your actual amount you will receive depends on how many shares you buy with that $100. It will be around $7.66 but likely less since you aren't spending the entire $100 (you'll have some change)

[@natemclarke]

What a coincidence. This was just what I was looking for. Thanks! I was wondering how can you know the specific amount you need to qualify for a DRIP ?

[@CanadianTShirt]

I have a WHOLE video answering that question: DRIPs Explained =) kzbin.info/www/bejne/pabciaqXibSZnrc

[@CanadianTShirt]

You have to calculate this amount since it changes every minute with the share price. Here is the short version:

[@CanadianTShirt]

# of shares needed = (share price) / (dividend per share)

[@RodBellamy]

Wish I had this content when I was younger! How do we join your Members-Only group...?

[@CanadianTShirt]

I think you duplicated the same comment twice! But hit the JOIN button or follow this link here! =) kzbin.info/door/SadrZbocL562URt0QDF3eAjoin

[@CanadianTShirt]

Thank you for supporting my channel! I really do appreciate it! 🙏

[@saschaseyschab6719]

I feel lke I'm regretting buying smartcentres right now. I got a drip when it was averaging around $26 and now it's been down for the longest time and it's constantly in the red. I know from following your videos that we shouldn't get discouraged by the red in the long run, but it feels hard to ignore it when at the time $26 seemed like a good buy and it's constantly been going down since. But I don't know if this is the wrong mindset to have and whether to buy more even if I'm feeling like I'm in the red, or just let the drip do it's thing

[@CanadianTShirt]

I know what you mean and it's true, it's definitely tough to not feel discouraged when the market is down, especially for months and months. But this is a tough lesson to learn that we all have to go through ourselves to fully appreciate

[@CanadianTShirt]

Zooming out, months and even a year or two doesn't really matter. We care about YEARS! You can go back and see my videos back in 2020 when we were at the market bottom during the pandemic. Yes it was tough to see red losses EVERYWHERE! But I knew that the market would recover so I used it as an opportunity to buy more QUALITY companies at huge discounts!

[@CanadianTShirt]

And then when the markets recovered, I was blessed with huge capital gains PLUS I locked in those inflated dividend yields for life! That's where we're at once again with the real estate market right now

[@CanadianTShirt]

I suggest you watch my MARKET CRASH Guide, a playlist of videos on these topics, to reinforce what to do when things are down. I hope you find it helpful =) kzbin.info/aero/PLj8bU3AuW2qH5PDXX5vLxsF5zPE0sOCji

[@Moonstruck89]

Thanks for sharing. Just to be clear, is DRIP is considered as TFSA or RRSP contribution? I thought it's just the money I put in. That would make it super complex

[@CanadianTShirt]

Nope! That's the beauty of a DRIP! It does NOT affect your contribution room at all!

[@CanadianTShirt]

That's why I prioritize locking in the DRIP before I'm maxed out! Once my contribution room is all used up, I can't top up my account with new contributions anymore. But my existing stocks can grow on autopilot through the DRIPs! It won't push me over the limit =)

[@aegcp]

Hi there, I have a genuine and very respectful question for you. Why do you invest for dividends? You are a young bloke and I think you should focus on returns. Really the value of the companies decline by the amount of dividend being paid. It is flawed. I would understand if you were near retirement, but having time of your side, should you not focus on total return? Also, I lost track of the many times you mentioned "interest rates will go down". Wouldn't that be investing based on assumptions and hope? Good luck and great video

[@CanadianTShirt]

You don't have to choose one or the other! I choose BOTH! I invest in both dividends and growth stocks! I invest in both ETFS and individual stocks! Canadian and US markets! Don't worry, I don't invest exclusively in dividends, but each account is taxed differently and thus I have a different strategy for each!

[@CanadianTShirt]

To get the most tax efficient benefit out of the FHSA, I will focus on Canadian dividends and REITs since those are taxed heavier in a non-registered account! My growth stocks instead are in my margin account since capital gains are so tax efficient!

[@CanadianTShirt]

And I have a whole video on Why I Love Dividends, especially in a rocky market like we have now, check it out! =) kzbin.info/www/bejne/qpekdYyHqs9prLs

[@CanadianTShirt]

And don't you worry, interest rates WILL go down! It's a question of when, not if

[@aegcp]

@@CanadianTShirt looking forward to this. Don't get wrong, I want interest rates to go down. It is just that I think these rates will stay on for a while. Thanks!

[@quicksilver_x]

One comment about the prediction of number of stocks to stay in the drip ... in your worksheet shown in the video, how do you calculate how much stock to buy in a single transaction in order to say in the drip, as in minimum 1.00 factor? I personally have been looking at the growth in the last 52-weeks and multiply that factor by the current price assuming it will grow the same amount and buy the extra number of shares on top of the minimum drip shares.

[@CanadianTShirt]

I go over that exact calculation in my DRIPs Explained video where I explain all the columns in my Excel spreadsheet! =) kzbin.info/www/bejne/pabciaqXibSZnrc

[@CanadianTShirt]

If I want a DRIP of exactly 1, here is the # of shares I need: # of shares = share price / dividend per share

[@CanadianTShirt]

But I always want extra wiggle room so I want a DRIP ratio above 1, say around 1.07. Also I don't use the current share price, I use a Max_Value which like you say, is always higher than the current share price. It's a bit of a judgement call, but I always use the 52 week high and then add to it, depending on the expected growth =)

[@Uguyviy]

Might be worth selling some of your TFSA and putting in FHSA to make sure you get max contribution to maximize tax deduction.

[@CanadianTShirt]

You're right! That's certainly an option! We'll see how I get towards November or December =)

[@kaili919]

Hi Adrian, XIC is at 35.14 today. Should i still buy it?

[@CanadianTShirt]

XIC just tracks the Canadian stock market. It's an ETF that I buy no matter what is going on. When it's high or when it's low. It's a long term play so yes I am definitely buying at this price =)

[@karelaudit4303]

I was wondering, do you ever buy US stocks with your TFSA? Or do you only buy US stocks with your RRSP?

[@CanadianTShirt]

Nope! My TFSA is 100% all Canadian! I ONLY hold US dividends in my RRSP instead to avoid that 15% withholding tax on US dividends! =)

[@CanadianTShirt]

I talk about this in detail in my TFSA MISTAKES video here =) kzbin.info/www/bejne/qWXGc5yYgaaHhbc

[@karelaudit4303]

@@CanadianTShirt Thank you for the quick answer! So, if I understand, a US stock that isn't giving any dividend could be bought in a TFSA? Or do you not suggest that either?

[@justpickles]

I have been diversifying across all my registered accounts rather than making sure each account is diversified. So accounts like HFSA, I would only keep one stock in there. I didn't think it made sense to have the same DRIP stock in multiple accounts. Splitting the dividend might mean you miss out on rebuying a stock.

[@CanadianTShirt]

That is true that dividends across multiple accounts do not "combine" when it comes to DRIPs, very important to keep that in mind if DRIPs are your goal

[@CanadianTShirt]

And yes, diversification across your entire portfolio is the most important thing! It's easier to ensure that if each account is also diversified but that's your call! Just as long as you keep track of it all on your end =)

[@denverd513]

Hey Adrian Is it good time to buy Nvidia Stock in TFSA account in Questrade coz my annual income is low or I should observe the stock. Thanks

[@mellowmut3521]

Hope you bought it lol

[@lavans06]

Does he have a video of opening margin/tfsa/fhsa while using our banking chequing account? and which ones to leave to let it grow vs moving moving from questtrade?

[@CanadianTShirt]

You got it! I have this video here showing you step by step how to fund your investing accounts (Marign, TFSA, etc) directly from your bank account with Instant Deposits! =) kzbin.info/www/bejne/nqPQimdpbsxka7M

[@CanadianTShirt]

For your second question, are you asking about leaving a mutual fund vs transferring it into an investment brokerage like Questrade? You might find this video helpful hearing my story with Mutual Funds, how I started investing and why I switched out of it many years ago! kzbin.info/www/bejne/Z5vTaKqDfa2hbpY

[@lavans06]

@@CanadianTShirt oh sorry - 'leaving' as in don't touch it - leave it alone and let it passively grow I think that's what I'm saying

[@ex4edgeinc469]

If I want to short sell (not for long term-sell when there is a profit)which Questrade account is good to use? What is the tax implication of such short selling for the CRA, especially when filing taxes.

[@CanadianTShirt]

Any kind of short term trading activity MUST be done in a non-registered account! (Margin account)

[@CanadianTShirt]

You CANNOT do it in a TFSA or tax-sheltered account. If you do, that is considered business income and you WILL be taxed and penalized so don't risk it. I cover this in detail here in my TFSA MISTAKES video =) kzbin.info/www/bejne/qWXGc5yYgaaHhbc

[@ex4edgeinc469]

@@CanadianTShirt Will Questrade provide the tax document for Margin account by the tax filing date like those it gives for TFSA and RRSP? And is the new Cash account and margin account similar? Can you also do such trades with Cash account? Any profits/income you make in this account through the sell of stocks will be taxed according to the existing tax rules, right? Is therer anything on top of that?

[@MountainFinance]

Great job as always 🙂

[@CanadianTShirt]

Thanks Candace! I appreciate it! 🙏

[@travis3744]

im curious, why did you sell your shares of riocan? Im still holding on even through their stock drop and just wondering if its worth keeeping

[@CanadianTShirt]

Oh no I didn't! RioCan is still my largest holding! I just don't hold them within Questrade!

[@CanadianTShirt]

I've always kept my RioCan shares with TD Direct Investing. When I transferred over to Questrade all those years ago, I kept the RioCan shares at TD to keep my account active (and avoid those inactivity fees)

[@CanadianTShirt]

If you follow my on Blossom, the free investing app you can see my portfolio and you'll see that RioCan is still my biggest position =) blossomsocialapp.page.link/canadiantshirt

[@rashmindersinghsohi1875]

PLEASE SIR Your general view … my son is NRI living in Canada He invests in following stocks on daily recurring basis (I mean daily Sip) Microsoft 25% Apple 15% Tesla 15% Nvidia 15% Constellation software(CSU) 15% Tqqq 15% ( 3X leveraged nasdaq 100 etf) He wants to hold for long term at least 10 years KINDLY TAKE MY QUESTION or Should he invest Indian stocks

[@torenatkinson1986]

Unrelated to this video, but I recently read The Simple Path to Wealth by JL Collins. I'm sure you're familiar with it - the idea being put the majority of your portfolio into Vanguard Total Stock Market Index Fund (VTSAX) or the ETF (VTI). The book is very US-centric but as a Canadian with US funds in my Questrade account, do you see a down side to following Collins advice?

[@torenatkinson1986]

I just realized I can't even find VTSAX on Questrade?

[@torenatkinson1986]

Although turns out I can't even find VTSAX in symbol lookup in Questrade - so I guess it would be VTI?

[@CanadianTShirt]

There are a few all-in-one ETFs available. Long story short, they are a great and simple option for people who want a purely hands-off approach to investing. It's better than nothing and likely better than paying high fees with a mutual fund

[@CanadianTShirt]

BUT you lose the flexibility of tailoring your portfolio for different goals and different account types! Each account type is taxed differently (TFSA vs RRSP vs Margin etc) so I hold different types of stock and ETFs in each account to maximize my tax efficiency!

[@CanadianTShirt]

If you do an all-in-one ETF like that, you lose that benefit. Sure you get simplicity but you lose extra money in taxes. At the end of the day, find an investing style that works for you! =)

[@GrinningGatsu]

Is it wiser to put ETFs into a TFSA or FHSA? Hope to be a new home owner someday but renting atm

[@CanadianTShirt]

It depends on your goals! If you are going to buy a house within the next 15 years then use the FHSA! It's more powerful than the TFSA since you get those tax deductions!

[@CanadianTShirt]

But if you want more flexibility, say you might withdraw that money for other reasons (saving for a car, vacation, or general retirement) then the TFSA is more flexible. Less of a benefit but you can withdraw anytime, no questions asked

[@CanadianTShirt]

Watch my video here on TFSA vs FHSA vs RRSP =) kzbin.info/www/bejne/Z2LckKKMaM-Ci5Y

[@r.t.7925]

You should have 16k room in that account if you started last year. If you dont have the money, move some from your TFSA. That way you get the tax deductions.There was a catch if you miss a year you dont get the contribution room as in RRSP. I dont know if its posible to move a positon as a hole ?

[@CanadianTShirt]

You are correct but I didn't open the account until January 2024 so for sure, I only have $8K worth of room

[@CanadianTShirt]

And yes towards the end of the year, I could transfer some of my stocks or funds from my TFSA into my FHSA to lock in those tax deductions, we'll see how my progress unfolds! =)

[@r.t.7925]

@@CanadianTShirt Yes you'll get a better idea towrds the end of the year since you dont work for a pay check :)

[@denverd513]

Hi Adrian. Quick question for the US 15% withheld tax implication. If my Canadian ETF has 50% US stock and remaining 50% mix of Canadian & other countires stock in my TFSA account. Will I get taxed 15% on 50% US Stock in ETF or on the entire ETF. Thanks

[@CanadianTShirt]

You will be taxed on whatever portion of dividends come from the US and other countries! I break this down in detail in this video here on VFV and the risks of CAD ETFs that contain international & US holdings =) kzbin.info/www/bejne/f522dppse9qrlaM

[@CanadianTShirt]

As shown in that video, look up the distribution breakdown from the ETF website and you will see all the details, including how much withholding tax is being taken off the dividend

[@denverd513]

@@CanadianTShirt Thanks for clearing my doubts.

[@CanadianTShirt]

that's what I try to do! =)

[@prajal161]

what do you think on HMAX or HYLD for TFSA?

[@CanadianTShirt]

I'm not a fan of covered call ETFs. Sure those massive dividend yields look nice but it comes with a cost. You get no chance of capital growth and often, you get capital decay over the long run. They can work in certain situations, especially smaller timeframes in a sideways market but for most people, I don't think they're a good choice

[@CanadianTShirt]

I would rather invest in quality stocks and bonds that pay a dividend AND grow over time! That's what I want, especially in a TFSA =)

[@420troll4]

Any unused contribution carries forward to the next year, yes? For a max total of 15k next year if you dont put anything else in?

[@Gid-J]

Why do you need drips before you max out TFSA? I thought divideds received were not included in contributions.

[@CanadianTShirt]

You're right! Dividends (and DRIPs) are NOT considered contributions!

[@CanadianTShirt]

But my point is that once my TFSA is maxed out, I have to wait months, even a year until I gain any new room. So I want to ensure that my DRIPs are secure so that while I'm maxed out and waiting, my dividends will continue to reinvest on their own. Without any external contributions =)

[@molsharma4943]

What stocks would you suggest in FHSA for someone planning to buy house in 2-4 years? Currently I have Cash etf and XEI etf in it!

[@CanadianTShirt]

2 - 4 years is a pretty short timeline.... A little bit too risky to invest in the stock market. 3-4 years, sure you can invest a bit in conservative, blue chip stocks and ETFs

[@CanadianTShirt]

But for 2 years, I wouldn't take those chances. Sure something like CASH is good but even that is not risk-free. It can and has dropped in value in the past. I would play it safe and focus on savings and even short term GICs

[@CanadianTShirt]

But sure, you can take a bit of a risk and invest a portion, maybe 20% into conservative ETFs

[@molsharma4943]

Thank you so much as always for being generous and giving out the advice

[@CanadianTShirt]

@@molsharma4943it's my pleasure! I'm glad you find my thoughts helpful! =)

[@dank7200]

Hey I was wondering if dividends go towards your countribution room in your TFSA?

[@CanadianTShirt]

Nope! That's the beauty of it!

[@CanadianTShirt]

Any income you earn INSIDE the TFSA (dividends, DRIPs or capital gains) do NOT count as contributions so they don't take away your room!

[@ryankattner9966]

Would you still go with picks like these if you were looking to buy a house sooner? I like your long term strategy and feel like I would hate to liquidate everything but getting a house within a short number of years would still be my goal.

[@CanadianTShirt]

It depends on your time horizon! I would feel comfortable with these picks if my timeline was at least 5 years

[@CanadianTShirt]

Any sooner than that, and it's a little more unpredictable. You might want to look into a more conservative portfolio

[@CanadianTShirt]

Anything less than 2 years, and I wouldn't even consider the stock market. That's too short. I would lock that money in a savings account or short term GIC

[@ryankattner9966]

@@CanadianTShirt Thanks so much for your replies!

[@CanadianTShirt]

I'm happy to help! =)

[@MarathonKevin]

Not investing in US companies in the FSHA/TFSA simply to avoid the 15% withholding tax on dividends seems like a really bad strategy to me. Not only do you lose diversification, but you are missing out on what has historically been the world's strongest market. What matters is the total return (total of capital gains and dividends, less fees), not dividends by themselves. Not to mention that many US companies do share buybacks instead of dividends, which has essentially the same effect on the total return, except that they are generally more tax efficient for investors.

[@CanadianTShirt]

Oh don't you worry! Almost half of my portfolio is in the US market for those precise reasons!

[@CanadianTShirt]

I'm just saying that in my FHSA, I won't be focusing on US dividends. But most of my RRSP is in the US market as well as my margin account

[@CanadianTShirt]

Each account type is taxed differently and thus I have a different strategy and hold different types of assets in each =)

[@MarathonKevin]

@@CanadianTShirt thanks for clarifying, and sorry for doubting you haha. Best of luck to you on your FHSA journey!

[@CanadianTShirt]

@@MarathonKevin no worries! It's an important point that you brought up!

[@kdss]

What about Canadian hedged US stocks in TFSA, are the profits and dividends on them also taxable?

[@CanadianTShirt]

The dividends will be subject to a 15% withholding tax but the capital gains will be totally tax free

[@CanadianTShirt]

I have a whole video breaking this down here, comparing VFV to VOO =) kzbin.info/www/bejne/f522dppse9qrlaM

[@kdss]

Thanks

[@MM-di7ux]

I’m having a hard time deciding between investing rrsp or non registered? Any tips?

[@CanadianTShirt]

It will certainly depend on many things including your tax bracket!

[@CanadianTShirt]

Make sure you watch my RRSP Explained videos to help you make that decision and ensure you're using it correctly! =) kzbin.info/aero/PLj8bU3AuW2qHOikk4VRpSDXCZTuH7eUhz

[@kaili919]

How often do you upload this type of member only videos?

[@CanadianTShirt]

I do it whenever I buy a sizeable amount of stocks and ETFs in any of my accounts. So it's usually once a month, sometimes more depending on my cashflow =)

[@CanadianTShirt]

Even if you don't join my membership program, on my homepage you can see the playlist so you can see how often I post there!

[@CanadianTShirt]

Keep in mind that I have also made a few of these members-only videos public and free so they won't show up there. They'll show up with my regular videos =)

[@DragosPenelea]

Didn’t Smart centres suspend their DRIP program as of 2020?

[@CanadianTShirt]

Correct! A lot of companies like SRU and RioCan and Enbridge suspended their DRIPs years ago! That's why I do synthetic DRIPs with Questrade!

[@CanadianTShirt]

That way I can do a DRIP with ANY stock or ETF, even if the company no longer offers a DRIP directly =)

[@akashx26]

@CanadianTShirt - why do you guess max value? I'm trying to understand the yield calc.

[@CanadianTShirt]

I break down that in detail, as well as all the columns in my Excel Dividend sheet in this video here: DRIPs Explained =) kzbin.info/www/bejne/pabciaqXibSZnrc

[@CanadianTShirt]

Basically, I don't want to rely on today's share price in my calculations. I want and expect the share price to grow which is why I use an inflated value. Just to ensure that my DRIPs will go through even as the stock grows! =)

[@typicalc]

I heard they CANCELLED the FHSA as of Mar 21st. Any thoughts on that?

[@CanadianTShirt]

No no it was the First Time Homebuyer INCENTIVE that was cancelled this month. Don't worry, it wasn't very useful and not many Canadians were using it

[@CanadianTShirt]

Don't worry, the FHSA is still alive and well and VERY popular! It's literally been out for one year, on April 1 =)

[@michaelpierre-charles5482]

Great video as always! Is it a good idea to buy mostly an ETF that focuses only on the highest dividend companies in Canada(top 20 companies for example)So I can get the most money in my FHSA by the time I’m ready to purchase a home?

[@CanadianTShirt]

That depends on many things! Most importantly your timeline!

[@CanadianTShirt]

Yes a dividend ETF is a fairly conservative, low risk approach. But even blue-chip dividends can drop in value in the short term, within a year or two so keep that in mind!

[@CanadianTShirt]

Which ETF were you considering? With only 20 stocks, that's a little bit low for an ETF. Almost to the point where you could probably buy those 20 stocks directly and avoid the annual fee. Something to consider!

[@CanadianTShirt]

For me, the purpose of ETFs is diversification so I would prefer more than 20 holdings! 50+ even hundreds is the best =)

[@michaelpierre-charles5482]

@@CanadianTShirti said 20 just as an arbitrary number lol but 50 or more makes sense. I was thinking of equivalent of the high dividend ETF they have in the States.

[@ghosh-b6h]

can I register an online business in my home country and hire employees there and provide services in canada? in that case, do I have to pay tax in canada if I take online payments? I want to start a business but I am confused how to start. Can I set my online business without registering it until I figure out whether the business idea is viable or until it’s profitable? I need to hire employees for the business and they would be working from outside Canada. Also, I will be accepting online payments from canadian customers. I feel lost, any advice or video on this would be really appreciated, thanks!

[@CanadianTShirt]

I don't have any expertise on running or starting a business outside of Canada so I don't want to give advice on that. You should speak to an accountant in your country who specializes in Canadian cross-border business to get all the right answers for your situation =)

[@therobinw98]

Would this investment okay for a 6-7 years time horizon?

[@CanadianTShirt]

I would say so! Within 6-7 years, I certainly expect capital appreciation in addition to the dividend income along the way! =)

[@daniflint]

It's seems more interesting than PSA

[@CanadianTShirt]

I don't personally own PSA but I have a bit of exposure through ETFs =)

[@alwayspositive999]

Great video thanks

[@CanadianTShirt]

Thank you! I'm glad you found it helpful! =)

[@Chilling_winter]

Hi buddy I have a question please, can I open an account and put money in it and in a less than 2 months withdrawal that money to buy a house

[@CanadianTShirt]

Absolutely! That's one of the best things about the FHSA! There is NO minimum waiting period! =)

[@CanadianTShirt]

There is no waiting period or 90 day rule with the FHSA like there is with the HBP. So hypothetically, you could contribute to your FHSA and a week later, if you sign a purchase agreement on a property, you could withdraw that money, tax-free just a week later. With the HBP, you have to keep that money in your RRSP for 90 days before you withdraw but not with the FHSA =)

[@CanadianTShirt]

So absolutely put in $8K into your FHSA to lock in that tax refund, even if you’re going to withdraw to buy a house next month! If you’re at a 30% tax bracket, that will get you an extra $2400 of FREE money from the government so take it! =)

[@Waly_Rabz]

The fact that this guy owns properties and is eligible to open up this account is a problem. No issue with Canadian in a t shirt love his videos and he is right to take advantage of what he legally can but the government needs to restrict this more to actual first time home owners

[@CanadianTShirt]

No worries bud, I know it's not directed at me personally! And I hear you! It's very difficult to make these laws fair and balanced for everyone. You want to help those who need it without punishing those who don't. And you don't want bad actors to abuse it as well...

[@CanadianTShirt]

And it's not quite so black and white. I can see both sides of the argument. In my case, I spent years saving up for a down payment. I COULD have bought a house to live in but I made the conscious decision not to. Instead I continued to pay rent on a smaller living space and rented out my house to a family at a fair price

[@CanadianTShirt]

But one day, I do want to buy a house to live in. But since I already own property, would it be considered "fair" for me to kick out my tenants and move in myself? That's a family with kids who have made that it their home for years and years. So with this exception to the rule with the FHSA, I now have an incentive to save up and buy my own home, 15 years down the line. And my current tenants can continue to enjoy their home with a reasonable price for rent. It's not a perfect system but I think this is a pretty reasonable balancing act

[@CanadianTShirt]

You also have to consider people who lost their homes, maybe due to a foreclosure during the recession. Should they be forever denied the help of the FHSA since they are not technically "first time homebuyers"? There are quite a few nuances to consider. It's not a simple answer but yes, we have to ensure that people don't abuse it

[@tenzinpassang9316]

can you do a video on your spread sheets please?

[@CanadianTShirt]

way ahead of you buddy! Check out my DRIPs Explained video! I go over all of the columns and formulas in my Excel tracker =) kzbin.info/www/bejne/pabciaqXibSZnrc

[@tenzinpassang9316]

Thank you@@CanadianTShirt

[@okayman2057]

Question you say that you can only keep your money in the FHSA for 15 years or transfer it back to RRSP. Now my question is. do you have to immediately put that money from the FHSA to your mortgage once you buy a house? I couldnt find any rules regarding this. Because I was looking to get a house within 2-3 years. If the government requires me to pull all the money out once I get the house how long do I have? thank you

[@CanadianTShirt]

I go over all these details in my FHSA Explained video here! =) kzbin.info/www/bejne/ol7Zd4Vnaa5kaM0

[@CanadianTShirt]

But the good news is that if you are buying a house, you have flexibility! You don't HAVE to use that money exclusively for the down payment (or mortgage) You can use it for any closing costs including moving fees and legal fees =)

[@okayman2057]

Thanks I just watched it. But it stil doesnt answer the question. If you buy a house , how long do you have until you have to use the fund. Ie let say I bought the house. and for some reason I wanted to delay using the funds in the FHSA? Can the funds be used to paydown the mortgage? The reason why I ask that is, it would be nice if we can slowly use the funds in the FHSA to pay for the house while letting it grow. @@CanadianTShirt

[@CanadianTShirt]

@@okayman2057unfortunately it won't work that way. The point is to withdraw that money and use it to buy the house. If you want to get the most of the FHSA and make the withdrawal tax free, you MUST withdraw before 30 days of possession of the house

[@CanadianTShirt]

After 30 days and you'll be taxed on the withdrawal. Or you can transfer to your RRSP but again, you lose that tax-free withdrawal benefit

[@CL3ARHOUSE]

Apparently you can just open a new FHSA after 15 year is over and transfer your funds from the old FHSA to the new FHSA for another 15 years. questrade person over the phone told me that.

[@quicksilver_x]

what is the benefit over moving the funds into your RRSP?

[@CanadianTShirt]

I don't think that is correct... you shouldn't be able to open a new FHSA account.... that defeats the whole purpose

[@CanadianTShirt]

After 15 years, you can transfer those funds and investments over into an RRSP but you can't open a new FHSA and restart the clock. I think there was a misunderstanding

[@xavierbeauregard8488]

Hey, I'm 18 and I used my first 8000$ in my FHSA in 2023 to buy GICS at 5.42% compounded annualy with the payment after 3 years was wondering if it was a good buy as my goal is to max out the account in 5 years and buy my first property. I'm also wondering if I should do the same this year with the rates being at 4.78% for the same GIC on questrade.

[@CanadianTShirt]

Congratulations on saving up $8K and maxing out your FHSA at 18 years old! I WISH I was already investing at that age so major props to you! 😁

[@CanadianTShirt]

I get that a guaranteed 5.4% GIC sounds tempting but for the long term it really isn't.... For a SHORT term, the stock market is volatile and a guaranteed 5% return for a year, maybe 2, that makes sense if you can't take any risk with that money

[@CanadianTShirt]

But if you aren't going to need that money for more than 3 years, and it seems like you will hold your FHSA open for at least 5 years, then GICs are frankly wasting your potential.... sure you're getting a guaranteed 5% return but the bank is using your money and making even MORE by investing in the stock market. So you should do the same!

[@CanadianTShirt]

Historically speaking, and with a long enough time horizon, a diverse stock portfolio should give you an average return of 10% every year. That's literally double the GIC. I would encourage you to focus on that instead

[@CanadianTShirt]

If you want to keep a portion of it risk-free in GICs, that's fine too. You can do a hybrid approach that fits with your goals and risk tolerance. Best of luck! =)

[@wpgfung]

Hello Adrian, just want to know if i purchase a property this year, but don't use any money in FHSA account and keep it open and contribute every year until max out. After 15 years, will i get penalty if I transfer to RRSP account? Thanks

[@CanadianTShirt]

The whole point of the FHSA is to use it to buy a home. That's the BEST way to get the full benefits since the withdrawals will be tax free!

[@CanadianTShirt]

If you buy a house and keep the money inside the FHSA, you're really missing out on most of the benefits

[@CanadianTShirt]

And it's not 25 years, you can only keep the FHSA open for 15 years. Watch my FHSA Explained video for the full rules =)

[@wpgfung]

Hello Adrian, thanks for your reply and correction. I'm just thinking to double down on my RRSP using FHSA account on top on that. I just don't know will this strategy work to save more money into my retirement @@CanadianTShirt

[@CanadianTShirt]

My advice is, if you're buying a property this year, MAX out the FHSA! Put in the full $8K to lock in that tax refund! That can save you $2500 or more depending on your tax bracket!

[@zshn]

Is your portfolio beating SPY?

[@CanadianTShirt]

It's only been a week 😂

[@zshn]

@@CanadianTShirt the entire portfolio. Not just the FHSA account.

[@franciscojavierhernandezsa4179]

Wondering if dividends value for each cell is automatically updated in your excel file or you have to manually update it?

[@CanadianTShirt]

Which column specifically? The only thing I manually enter is the Dividend Per Share column. Everything else is a formula that automatically calculates =)

[@CanadianTShirt]

Watch my DRIP Explained video for a full breakdown on how to use my Excel template =) kzbin.info/www/bejne/pabciaqXibSZnrc

[@franciscojavierhernandezsa4179]

Yes, I was specifically asking for the dividend per share column. I have not been able to automatically process this one. Thanks for sharing the video. I already watched it, and already using your template as a reference. Good stuff. Thanks for sharing @@CanadianTShirt

[@CanadianTShirt]

@franciscojavierhernandezsa4179 the dividend per share column is the dollar amount you get paid every month or every quarter. You'll see this number on a stock quote, including Questrade. Watch this video How to Analyze a stock to see exactly where to find all these numbers on the page 🙂 kzbin.info/www/bejne/jV6UdHV7n52Jhposi=9LD4W7TgNxeqoReL

[@alozborne]

Can you share the formula you use in column L for the DRIP minimum investment requirement? I've seen a few variations on that and I want to be sure I use the right one. Thanks!

[@CanadianTShirt]

I go over the FULL spreadsheet and formulas in my DRIPs Explained video here =) kzbin.info/www/bejne/pabciaqXibSZnrc

[@CanadianTShirt]

You can click on the formula in Excel but to calculate the amount required for a DRIP it's this: (share price)^2 / (dividend per share)

[@alozborne]

@@CanadianTShirt perfect, thanks!

[@TheJoeMoneyShow]

HR-UN going to make a big comeback with all reits

[@CanadianTShirt]

As soon as interest rates start coming down, I certainly expect so! 😁

[@TheJoeMoneyShow]

@@CanadianTShirt 💯

[@pooky2626]

Have you looked into FFN and or FTN? I collect $4K a month in divvy's from these two "stocks" that act like a mutual fund without the mutual fund MER.

[@CanadianTShirt]

I get that it's easy to be enticed by those massive dividend yields but there is NO such thing as a free lunch.... You can't get 25% dividend yields for free...

[@CanadianTShirt]

Just zoom out on the graph and see how much the stock is DROPPING every year, just to give your money back with "dividends"

[@CanadianTShirt]

If it's a sideways market and you really want income in a short term, then okay you can give these a shot. But for long term investing, I want quality companies that give me BOTH dividends and capital growth! And dividends that are sustainable and grow every year! 😊

[@CanadianTShirt]

But hey if it works for you and your goals, then go for it! It just doesn't fit my long term priorities =)

[@pooky2626]

@@CanadianTShirt Ya....I haven't owned it for that long. My DCA is $8.06

[@Chessnut49]

Hey Adrian, Can I open a FHSA if I sold my house 6 years ago and now I'm renting?

[@CanadianTShirt]

If it's been 6 years since you lived in that house that you owned, then yes! =)

[@CanadianTShirt]

Check out this short, I go over that particular rule here =) kzbin.inforJNlmQoqH7E

[@dsw86]

Don't kill me here. Is the spirit of the FHSA not supposed to incentivize first time home buyers so they can more easily put together a down payment? Part of why housing is so unaffordable for many, aside from many simply not having enough savings habits, are the prices raised up by real estate investors (who don't live in houses they buy) over decades. Why is this "next 5 years not living in own property" policy aimed at rewarding real estate investors with the same tax benefits as actual first time buyers? Who else deserving of such a benefit does this apply to? This is only going to raise prices because investors will certainly still have more capital to outbid and drive up prices for first timers over the next 5-15 years. Im 27 and bought my first home in 2022 and was taxed to hell putting together a 35% downpayment because the TFSA was already maxed out. I enjoy living in my own property because it's my own to deck out or be frugal in. The freedom to not be at the whim of landlords or unpredictable roommates, while building equity, is the best part, and surely many Canadians long for the day they can live life this way. Yet (in addition to the work from home benefits) there is little tax incentive to do so, compared to renting and real estate investing. I hate to make this about the whole "moral question" that houses should be bought to be lived in, yet here we are. I'm also all about "hate the game not the player" so will not direct it on Canadian in a T Shirt here. Personally I credit him for helping me put together much of that very downpayment in 2022. Instead, I am more appalled at the government’s inability to address any root causes of unaffordable housing with something as basic as tax policy. It’s a problem for many in this and future generations who don’t inherit the kind of family wealth necessary to get into real estate, and will consequently have to pay high rent and have low savings for the long term as a consequence. Meanwhile, real estate investors who absolutely contribute to the necessity of the FHSA, get the very same benefit. Hilarious.

[@ipoka21]

Exactly what I thought when the video began.

[@CanadianTShirt]

I understand your frustration and you're right! It is very, very hard to come up with a policy that seems "fair" to everyone. Overall, I think the FHSA does a pretty good job of it's intended purpose: helping first time homebuyers without any downsides. If you're eligible, it's nothing but positives. If you're not, it can't possibly hurt your or punish you. That's the best way to implement a policy like this but of course, the FHSA is NOT enough to solve the housing crisis on its own. It's just one small step in the right direction

[@CanadianTShirt]

And I do see both sides of the argument. On one hand, since I already purchased a rental property, I don't "need" the FHSA to help me buy my future home. But on the other hand, I saved up for years for the down payment and I made a conscious decision NOT to live in that house. And instead rent it out to a family at an affordable price

[@CanadianTShirt]

It's important to have this 5 year rule so that real estate investors don't abuse the system and dodge taxes. But at the same time, if it wasn't for this exception, once I do decide to buy a home to live in, I'd be left with a difficult decision. Would it be "right" for me to kick out my tenants because I want to live in the house now? A family who has made my house their home for years and years? I don't think that's right at all. So with the FHSA, it's a further incentive for me to let that family keep that home (at a fair rent price) and one day, I can use the FHSA to buy my own home to live in. It's not a perfect system but I think it's a fair balancing act

[@abhishekjawahirani8366]

Hey Adrian, If I have 100k for a non registered account. What would you recommend for a moderate risk investment? Managed portfolio (growth) with Questrade or Wealthsimple? Or just put all of it in VGRO through Questrade?

[@CanadianTShirt]

It depends on many factors including your time horizon! But as long as you have a long term investment goal, then yes VGRO is a great option. Built in diversification across all geographic sectors, bundled up into one easy fund =)

[@CanadianTShirt]

For an ETF like VGRO, it doesn't matter if you use WS or Questrade, both would be free =)

[@abhishekjawahirani8366]

@@CanadianTShirt Thanks Adrian. It will be for longterm. Infact would contribute $10k each year on auto deposit.

[@CanadianTShirt]

@@abhishekjawahirani8366 wait you have $100K cash and you're only contributing $10K a year?

[@CanadianTShirt]

@@abhishekjawahirani8366 You don't want to be holding $90K sitting as cash for longer than a few months (unless you absolutely need that money in the short term)

[@martinithechobit]

LETS GO!.

[@CanadianTShirt]

You got it buddy! =)

[@dmytro1675]

How can you open and have FHSA if you already have a house you are paying a mortgage? Isn’t this account for the first time home buyers?

[@CanadianTShirt]

I did mention that in the beginning of the video. I also have a WHOLE video addressing that in my video on Opening My FHSA =) kzbin.info/www/bejne/nJ20p4mqpcqpY5Y

[@CanadianTShirt]

But basically, if you are NOT living in the house you own. Meaning you rent it out and you live somewhere else for the past 5 years, you are STILL eligible for the FHSA. Even though you already own a house. That's because the house I own is an investment, not a residence

[@dmytro1675]

@@CanadianTShirt this does make sense! Thanks!

[@southpaw2324]

Thanks so much for the video, I can't seem to get the excel link to work for your tracking sheet. could you assist?

[@CanadianTShirt]

Happy to help! I include the link to my free template below each video but I'll include it here as well =) bit.ly/2O4f3sr

[@CanadianTShirt]

You will only have View access. So just click Download and then you can edit it and use it for yourself! =)

[@southpaw2324]

@@CanadianTShirt Super Strange, it keeps saying the site can't be reached

[@CanadianTShirt]

@@southpaw2324what kind of device are you using? Maybe try with your laptop? I'm not sure if a Google Sheets page can open on a phone

[@CanadianTShirt]

@@southpaw2324I literally just clicked on it and opened it, on 2 different computers so it must be working

[@bhoomikpatel8565]

Is it possible to see your exel investment sheet somewhere,?

[@CanadianTShirt]

Absolutely! I include the link to download my FREE template below each of my videos! I'll include it here as well =) bit.ly/2O4f3sr

[@CanadianTShirt]

Watch my DRIP Explained video for a full breakdown of how to use my excel sheet =) kzbin.info/www/bejne/pabciaqXibSZnrc

[@bhogal97]

if you co sign a property that you live in, can you still open this account?

[@CanadianTShirt]

No... you are one of the owners in the home you life in so you would not be eligible for the FHSA

[@CanadianTShirt]

If you or a spouse own the home you live in, then no

[@derekhamel17]

As a member can we get that google sheet?

[@CanadianTShirt]

You don't need to be a member! ANYONE can download my Excel spreadsheet template for FREE!

[@CanadianTShirt]

I include the link below all of my videos, I'll include it here for you as well. Just download it and use it for yourself! =) bit.ly/2O4f3sr

[@derekhamel17]

holy smokes you are awesome!@@CanadianTShirt

[@AndyWarhol1962]

My new accountant has had all my RRSP + Job tax info for 4 business days. I called after 2 days and was told "2 days". Nothing yet. Is this normal ? My old simple taxes were done in 20mins so I have no idea what's happening.

[@CanadianTShirt]

Honestly it sounds like your tax return will be VERY EASY! If it's just a job and some RRSP contributions, it will literally take you 5-10 minutes if you do it on your own with TurboTax or SimpleTax

[@CanadianTShirt]

You don't need to be paying $150 to an accountant for such a simple tax return. Especially if they aren't being responsive and walking you through it and answering your questions!

[@CanadianTShirt]

Watch my step by step tutorial on How to File Your Own Taxes here. It's super easy once you finally give it a try and you'll never need to rely on someone else again! =) kzbin.info/www/bejne/aoPbnIGXZ7udqrc

[@gabe98271]

thoughts on VEQT/XEQT for FHSA?

[@CanadianTShirt]

Those are great options for a hands-off investor!

[@CanadianTShirt]

For me personally, I want to be a bit more customized with my investments. Those alli-in-one ETFs are just a collection of 5 or 6 ETFs so I would rather just buy those 5 ETFs individually. Since each are taxed differently so I would be more efficient by holding them in different account types

[@CanadianTShirt]

But overall, those are GREAT funds and a super simple and easy way to invest! It just might cost you a bit of taxes that you can avoid otherwise but it won't be a huge deal =)