Comments on: Reader Question about Self-Directed RRSP http://www.canadiancapitalist.com/reader-question-about-self-directed-rrsp/ Helping you invest and prosper Sun, 12 Feb 2012 00:54:40 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Milton http://www.canadiancapitalist.com/reader-question-about-self-directed-rrsp/#comment-290505 Milton Mon, 25 Oct 2010 01:47:16 +0000 http://www.canadiancapitalist.com/2007/05/16/reader-question-about-self-directed-rrsp#comment-290505 Sean. I currently trade with Credential Direct and Questrade. I first opted for CD before I knew about QT. CD is $19 per trade if you are not an active trader. QT between $4.95-$9.95 per trade active trader or not. Sean. I currently trade with Credential Direct and Questrade. I first opted for CD before I knew about QT. CD is $19 per trade if you are not an active trader. QT between $4.95-$9.95 per trade active trader or not.

]]> By: scott http://www.canadiancapitalist.com/reader-question-about-self-directed-rrsp/#comment-211542 scott Tue, 23 Feb 2010 00:42:08 +0000 http://www.canadiancapitalist.com/2007/05/16/reader-question-about-self-directed-rrsp#comment-211542 FYI - QuestTrade, although cheap - in my experience provides horrible customer service. I have been waiting 8 weeks for my transfer from TD Waterhouse to complete. I also transferred $1000 last week in from my bank account, and I still don't see it in my account. Their web site is also horrific. Cheap does not always equal good! FYI – QuestTrade, although cheap – in my experience provides horrible customer service. I have been waiting 8 weeks for my transfer from TD Waterhouse to complete. I also transferred $1000 last week in from my bank account, and I still don’t see it in my account. Their web site is also horrific. Cheap does not always equal good!

]]> By: Traciatim http://www.canadiancapitalist.com/reader-question-about-self-directed-rrsp/#comment-200323 Traciatim Tue, 15 Sep 2009 23:17:04 +0000 http://www.canadiancapitalist.com/2007/05/16/reader-question-about-self-directed-rrsp#comment-200323 1) No Tax, No Capital Loss, just when you withdraw (in this case it would all count as income) 2) Your deposits and your withdrawals, see line 129 and line 208 of the T1 tax forms. 1) No Tax, No Capital Loss, just when you withdraw (in this case it would all count as income)

2) Your deposits and your withdrawals, see line 129 and line 208 of the T1 tax forms.

]]> By: Dr Carlisle http://www.canadiancapitalist.com/reader-question-about-self-directed-rrsp/#comment-200311 Dr Carlisle Tue, 15 Sep 2009 19:33:52 +0000 http://www.canadiancapitalist.com/2007/05/16/reader-question-about-self-directed-rrsp#comment-200311 Q1 - does buying and selling inside an RRSP attract tax and / or capital loss ...or just when you exit at 71 or where you withdraw. Q2 - what accounting / tax return submission needs to be doen annually while money is inside RRSP Q1 – does buying and selling inside an RRSP attract tax and / or capital loss …or just when you exit at 71 or where you withdraw.

Q2 – what accounting / tax return submission needs to be doen annually while money is inside RRSP

]]> By: carmen http://www.canadiancapitalist.com/reader-question-about-self-directed-rrsp/#comment-183573 carmen Tue, 03 Mar 2009 00:39:48 +0000 http://www.canadiancapitalist.com/2007/05/16/reader-question-about-self-directed-rrsp#comment-183573 Can You do a self directed Rrsp by investing in your own home mortgage? If you can, what are pros and what are the cons, if any. Can You do a self directed Rrsp by investing in your own home mortgage? If you can, what are pros and what are the cons, if any.

]]> By: david http://www.canadiancapitalist.com/reader-question-about-self-directed-rrsp/#comment-115908 david Thu, 21 Feb 2008 04:55:09 +0000 http://www.canadiancapitalist.com/2007/05/16/reader-question-about-self-directed-rrsp#comment-115908 How is Etrade canada? Any body has experience there on self-directed RRSP, RESP account for stock trading? Price? tools? etc. How is Etrade canada? Any body has experience there on self-directed RRSP, RESP account for stock trading?

Price? tools? etc.

]]> By: FourPillars http://www.canadiancapitalist.com/reader-question-about-self-directed-rrsp/#comment-101345 FourPillars Sat, 12 Jan 2008 16:58:02 +0000 http://www.canadiancapitalist.com/2007/05/16/reader-question-about-self-directed-rrsp#comment-101345 Peter - you have to use the brokerage where your account is. Not sure why you want to use an account at a bank if you are doing your trading elsewhere. Mike Peter – you have to use the brokerage where your account is. Not sure why you want to use an account at a bank if you are doing your trading elsewhere.

Mike

]]> By: peterD http://www.canadiancapitalist.com/reader-question-about-self-directed-rrsp/#comment-101324 peterD Sat, 12 Jan 2008 14:12:51 +0000 http://www.canadiancapitalist.com/2007/05/16/reader-question-about-self-directed-rrsp#comment-101324 Hi Everybody, I am new to the game. I want to open a self directed RRSP. Now the question is, can I have a self directed RRSP, lets say for instance with Scotiabank or TD and use the OUTSIDE BROKER (Canadian or US) to buy shares (stock) within than RRSP? Or the rule is that I have to use the institution (in this case Scotiabank or TD) that provides a self directed RRSP account to buy and sell the stock? It would make sense to have the directed RRSP account with an established Canadian bank and use the discount brokers for trading. Please help! peterD Hi Everybody,
I am new to the game. I want to open a self directed RRSP.
Now the question is, can I have a self directed RRSP, lets say for instance with Scotiabank or TD and use the OUTSIDE BROKER (Canadian or US) to buy shares (stock) within than RRSP?
Or the rule is that I have to use the institution (in this case Scotiabank or TD) that provides a self directed RRSP account to buy and sell the stock?
It would make sense to have the directed RRSP account with an established Canadian bank and use the discount brokers for trading. Please help!

peterD

]]> By: Mayur http://www.canadiancapitalist.com/reader-question-about-self-directed-rrsp/#comment-75598 Mayur Fri, 02 Nov 2007 02:14:07 +0000 http://www.canadiancapitalist.com/2007/05/16/reader-question-about-self-directed-rrsp#comment-75598 Questrade is not all that it seems. Their account management screens are absolutely terrible and are severely lacking in information and clarity. For example, I had no idea that having a negative USD balance meant I was trading on margin and was being charged prime+7%. Have a look at my post on RFD for more info: http://www.redflagdeals.com/forums/showthread.php?t=508143 My still unanswered question: How do I know my account is a self-directed RRSP? I assume it would be since I specified that during my account creation. Questrade is not all that it seems. Their account management screens are absolutely terrible and are severely lacking in information and clarity. For example, I had no idea that having a negative USD balance meant I was trading on margin and was being charged prime+7%. Have a look at my post on RFD for more info: http://www.redflagdeals.com/forums/showthread.php?t=508143

My still unanswered question: How do I know my account is a self-directed RRSP? I assume it would be since I specified that during my account creation.

]]> By: Rilla http://www.canadiancapitalist.com/reader-question-about-self-directed-rrsp/#comment-67776 Rilla Sat, 22 Sep 2007 15:57:13 +0000 http://www.canadiancapitalist.com/2007/05/16/reader-question-about-self-directed-rrsp#comment-67776 Does anyone know if any financial institution allows Self Directed RRSPs for Commercial Mortage. RBC will only allow regular mortages Does anyone know if any financial institution allows Self Directed RRSPs for Commercial Mortage. RBC will only allow regular mortages

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