Yesterday, I did what I am sure all people rising on January 1st did – I checked to see if quicktaxweb.com had updated their website so I could start 2012 taxes and I transferred my 2013 allocation into my TFSA. (It’s the most wonderful time of the year).
I did meet a hung-over bearded man in the elevator wearing last night’s clothes, a toque and a large booger on his mustache. I am sure that he did his transfer by cell phone just after the clock struck midnight.
But today, I remembered what I forgot: the TFSA contribution room each year is indexed to 2009.
January 2nd, 2013 Extra-Ordinary: $500 more dollars in the old TFSA. People, don’t forget! Deposit today! And organize your tax receipts!
I have a blister on my left hand in that awkward place between the thumb and pointer finger. I was wearing gloves while I raked, but apparently these soft office – um. . . unemployed – hands can’t take too much wear and tear. It hurts.
That’s just an aside, I really want to talk to you about High Interest Saving Accounts Rates in Canada. When Emile and I sold our house, we needed somewhere to put the equity until we bought a new house. We couldn’t lock it in or put it into RRSP as at any time we could need that money (um. . the best laid plans of mice and men . .). And that left pretty much nothing but a savings account. But just like I explained that every good thing has a price – low mortgage rates come with low savings account rates. I shopped around and found the highest rate in Canada: 2.5%.
This was a reasonably large amount of money that we had, and the 1.75% with our current financial institution – which for legal reasons I will refer to as Typical Bank – meant we were missing out on modest returns. Plus, we didn’t want our house equity easily accessible if I decided to start raising miniature ponies and needed seed money. So we moved our money to a Credit Union in Manitoba – which for legal reasons I will refer to as Runaround Credit Union. And it was good. I bragged. I told friends. And then I got an email from Runaround Bank saying that “credit economic conditions meant adjusting the rate to 2.25%”. Well, okay, still the highest savings account in Canada. Then the second email: 2.0%.
I got the final e-mail from Hubert (www.happysavings.ca) today. . . oops, I mean Runaround Credit Union. They now dropped their interest rate to 1.85%. Blah.
I’d move the money back to Typical Bank, but they inflated their interest rates during RRSP season and well. . . . that pissed me off. Manulife* . .. damn I did it again. . . I mean, Typical Bank and Runaround Credit Union wouldn’t call it Bait and Switch, but I do.
May 7th, 2012 Extra-Ordinary: Getting tricked by the old bait-and-switch game. Good thing I am not on the streets of New York, I would have lost all my pennies to street performers. “Find the Queen! Keep your eye on the Queen!”
Maintenance May Day 7:
Fostering an abused dog to help re-socialize him so he can be adopted by a loving little boy living on a farm. (Lie)
Not lying on my blog about doing something I didn’t. (Soul)
I was unsuccessful in finding something worthy of Maintenance May today. It is pretty hard to complete something everyday. I’ll try harder.
* This is my homage to Tina Fey – reading BossyPants now. She’s funny.