Vaccines, Here Comes Christmas and #MoneyTalk

Looks like we have a vaccine story, so I guess the answer to “COVID are we f*cked?“, is, “Not so much, but not great yet“. There are multiple vaccines, and as usual some interesting issues. The reactions from allergic folks shouldn’t be too surprising. Does this mean the end is near? Not quite yet, my guess is we have a pretty dire Winter ahead, but things are looking better.

How can the government afford all this spending? Old folks like me quibble about the National Debt, but evidently Modern Monetary Theory suggests, Government Debt doesn’t matter. I don’t agree, but we shall see, maybe I am wrong (again).

If you received CERB, you might be getting a note from the CRA asking for the money back. There was some interesting wordsmith work done, which changed the context of eligibility.

Nice to see the prime rates at the banks are steady, however, given their “High Interest Savings Accounts” are mostly pay 0.1% or lower, doesn’t mean much to me. EQ bank seems to be paying a bit more, at 1.5% currently (see ads on this site).

COVID19 Data Canada

Click here to find an up to date graphic from the Government of Canada

Past Writings

Here comes Christmas at a break neck pace. Going to be a very different celebration, given the lockdowns going on. Haven’t done one of these posts in a while, it seems:

• I got absolutely no comments on I Likes My Coffees Like I Likes My Money, which leaves me scratching my head. I figured someone would post a snarky comment or something, or rail at me about my last comment about women, but nothing. Maybe all my “readers” are actually just me?
• When to Put Money in RRSP is a very good question, luckily I created a diagram, that a bunch of trolls said, “That is not a waterfall”. You get what I mean though.
• Free Credit Bureau Access sounds like a great deal, however, as before free comes with costs. Thanks to having Desjardins accounts, I am now worse for wear. I NEED credit bureau access (for 5 years no less).
• Convenience always has a cost, and The Dangers of Automatic Reloading outlines that cost.
• The Hidden Cost of Land Transfer Taxes I wrote about this before, but somehow managed to resurrect the topic again. Land transfer taxes are rarely mentioned as part of your Real Estate costs, but they do add up.
• How to Open a Kids Bank Account in the time of COVID is more complicated than you might think. It worked, but I wish I’d been able to use one of the on-line banks. Kids accounts are not usually part of their portfolio.
• Specified Disability Savings Plan – SDSP – How Does it Work ? This is an important way that someone who is going to die in the next 5 years can take money out of their RDSP. Yes, the RDSP is complicated, but still a great very long-term savings option, for the disabled.
• If you make a credit card payment late, there is a Credit Card: One Time Services that you can ask for. You can’t do it very often, and you better have been paying off your cards regularly.
• The Government has finally gotten around to cleaning up the question RDSP after DTC Lost question. Naturally the response is complicated, but the account no longer needs to be collapsed within a year of losing the DTC. The assumption is that the person with the disability most likely will get their Disability Tax Credit back (in time).

Christmas is coming, but do we care?

Given many parts of Canada are going to be under lockdown over Christmas, how will we celebrate? Hopefully in a more sedate fashion? I ask that you follow your local authorities rules about congregating together.

• Tax-loss planning for the COVID stock market, say what? The Blunt Bean Counter brings back this tradition. Did you lose money on the Stock Market this year?
• Canadians warned to shelter at home unless your job makes money for someone richer. A real headline? Maybe not, but it is pretty darn close to the truth.
• What are your retirement plans? Transitioning Your Portfolio into Retirement is Michael James trying to help you with those plans.
• A guy impersonates his Grandmother and wipes out files on a hackers computer who was trying to scam her. I think that is, “hoisted by your own petard”.

Tweets of the Past While

This is so truly English. The gentleman’s biggest complaint about getting the Vaccine? He couldn’t find parking so he was late!

What do you do with a 3 stories tall Grinch? Save Christmas, that is for sure!

Random Thoughts from the Past

• COVID19 Opening Up, Middle Aged Canada and #MoneyTalk (July 17^th)
• Happy Canada Day #MoneyTalk (July 1^st) 🇨🇦
• Fathers Day , COVID, Unsubscribe & #MoneyTalk (June 19^th)
• Boxing Tuesday, Opening Up and #MoneyTalk (May 16^th)
• Opening up, May Day, COVID19 and #MoneyTalk (May 1^st)
• Unemployment Spikes, Easter and #MoneyTalk (April 11^th)
• Covid-19, Stay Home and #MoneyTalk (March 27th)
• Dusty Typewriters and #MoneyTalk (November 8th)
• March Madness and #MoneyTalk (March 30th) 
• Lent Begins and #Moneytalk (March 6^th)

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