Friday, May 25, 2012

Short Takes: Taxing RSUs, Cottage ACBs Under Scrutiny, and more

I haven’t included any articles about the Facebook IPO because I don’t care much about it. I would only buy IPO shares if offered the “friends and family” discount. Even then I might not buy them.

Canadian Capitalist explains how restricted stock units (RSUs) are taxed.

The Blunt Bean Counter says that additions to your cottage’s adjusted cost base may be CRA’s new target.

Where Does All My Money Go? explains the advantages and disadvantages of holding your own mortgage in an RRSP. I had no idea there were so many fees involved. The idea of having to pay CMHC premiums to protect your RRSP against yourself seems strange. Presumably you’d raid your RRSP to avoid defaulting.

Million Dollar Journey looks at various cheap options for replacing your home phone line.

Big Cajun Man says that the only time you get taxed on the value of something you own rather than your income is with property tax. If MERs were a tax, then they would fall into this category too.

5 comments:

  1. Thanks for the inclusion, I only mention facehole in passing this week. It will be good to joke about soon enough.

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  2. The Blunt Bean CounterMay 25, 2012 at 7:51 AM

    Michael, thx for link. I await your next attempt at finding a tax loophole :)

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  3. Thanks for the link Michael - I particularly liked yesterday's post.

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  4. Sorry, meant to say this...

    Inflation is also a kind of asset tax paid to banks and debtors.

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  5. @Patrick: Good point. I tend to focus on real returns with my investments so that inflation becomes invisible to me. Sadly, most people focus on nominal returns but are blind to inflation.

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