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"We don't take vacation during RRSP season.."

echootje

TRIBE Member
.. said my boss the other day when I asked for one maybe two measly days off bracketing a certain cottage weekend.

The man has us all by the balls!


Rob
 

Libradragon

TRIBE Promoter
ugh, RRSP season sux ass.

I used to work for Dominion Securities - mutual funds dept. we worked around the clock, and until 1am on march 1st.

i sympathize with you.
 
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pr0nstar

TRIBE Member
I'll be working a lot of overtime in the next year. But I told my boss, when I want a weekend off, I want a weekend off.

And he's pretty good that way, he'll schedule the upgrades around our schedules.

Feel sorry for you people that can't take what's already yours.

pr0nstar
 

Cannabus

TRIBE Member
<font face="Verdana, Arial" size="2">Originally posted by Ditto Much:
I've been on vacation lock out since november. Earliest I can take them is in march.


I feel for you
</font>

OK how on earth is this possible.?

PLease elaborate as I do not believe any of this..
 

MalGlo

TRIBE Member
i need to get some info on this.. i want to start my rrsp's this 'season'.. but i don't know too much about it other than that... can you add into it monthly? do you need a chunk of cash at the beginning.. do most people take a loan out to start up an rrsp?

Dave
 

graham

Well-Known TRIBEr
It'll be interesting to see just how busy this year's rrsp season is, all the banks are promoting it like crazy as a salvage strategy. Even if it is crazy busy, there are tricks to making it more civilized.
 

pr0nstar

TRIBE Member
BTW, for those saying they can't take Vacation, etc...

I'm sorry it's hard to grasp.

Call your HR dept ... and complain. Because there is laws for this stuff. And if you have the vacation time, you should be able to take it.

pr0nstar
 
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echootje

TRIBE Member
<font face="Verdana, Arial" size="2">Originally posted by MalGlo:
i need to get some info on this.. i want to start my rrsp's this 'season'.. but i don't know too much about it other than that... can you add into it monthly? do you need a chunk of cash at the beginning.. do most people take a loan out to start up an rrsp?

Dave
</font>
RSP's are painless, you can do PAC's (pre auth'd contributions) just like your cellphone automatically takes money from your bank, you don't HAVE to contribute monthly but it's usually one of hte more common investment strategies to maximize potential earnings. I can't afford ot have a PAC right now but I've got about $1300 (12 months) in my RSP with Canada Life. If you don't want to manage your RSP there are lot sof simple options where you can have a medium risk fund doing your work for you. You're young, the math does work, ask an investment specialist (Dan? Linigroompornstar? Is this you?)

ROb
 

Ditto Much

TRIBE Member
<font face="Verdana, Arial" size="2">Originally posted by pr0nstar:
BTW, for those saying they can't take Vacation, etc...

I'm sorry it's hard to grasp.

Call your HR dept ... and complain. Because there is laws for this stuff. And if you have the vacation time, you should be able to take it.

pr0nstar
</font>

I'm sure I legally could. I'm sure I'd never see a bonus or get a promotion if I did. The very nature if my position here is project based. I don't have adminitrative tasks or daily jobs to do. I'm working on a project that has a scheduled release date and I have an agreement to abide by that. Part of this agreement is an agreement not to request time off during certain project lock outs.

Does the mean legally I can't have those days, NO

Does it mean if I forced the issue and took those days I would see a smaller bonus/raise and a shotty perfromance evaluation. Yes!!


Your right legally I can take those days given the propper notice. But I'd be shooting myself in the foot if I did.


Fair and the Real World are totally unrelated.
 

stir-fry

TRIBE Member
<font face="Verdana, Arial" size="2">Originally posted by MalGlo:
i need to get some info on this.. i want to start my rrsp's this 'season'.. but i don't know too much about it other than that... can you add into it monthly? do you need a chunk of cash at the beginning.. do most people take a loan out to start up an rrsp?

Dave
</font>
damn, i did a shit load of typing, and it all got erased somehow. you'd think i just learned how to use computers.

basically, i'm with TDBANK.
i have 3 accounts
chequing
visa
RRSP

i log into easyweb, and throw money into my RRSP's when it's convenient for me.
that's it. no hassle, no minimum limit, there is a maximum yearly contribution, but it goes back as far as the day you started working.. so if you haven't contributed since your first job, you have a lot of catching up to do.. hence, the maximum probably won't affect you for a few years.


i wouldn't put it off.. rrsp's are a NO-LOSE situation.
you get mucho tax back just for investing, plus you can eventually use it for the purchase of your first house, PLUS they gain interest.
 
<font face="Verdana, Arial" size="2">Originally posted by pr0nstar:
BTW, for those saying they can't take Vacation, etc...

I'm sorry it's hard to grasp.

Call your HR dept ... and complain. Because there is laws for this stuff. And if you have the vacation time, you should be able to take it.

pr0nstar
</font>
It's possible and enforcable, as it is (very vaguely) mentioned in the employment contract when you sign it when working for any kind of financial institution. If you look around in your contract and you understand the legal jargon well enough, you might be able to find the actual sentence. They might word it as being "working during critical financial periods (such as during RRSP season, or during quarterlies)", it depends on how they write the contract up. If you sign it, you're stuck to it for the most part.

From the Ministry of speaking from experience

Prime Minister Highsteppa
 
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Exactly.

It's a condition of employment, which I'm sure, you signed or agreed to at some point in time.

Completely enforceable.

At my company we can even say, no, you can't have vacation now....wait 9 months and then make them take all of it whenever we want them to. We also require that they bank their overtime (we don't pay it out until they have a certain amount).

It's either that, or lay them off if we don't have a project to put them on.

Once they hear that part, no one really minds the inconvenience.

Job, or no job? Easy question to answer these days.
 

MalGlo

TRIBE Member
hey guys thanks for the tidbits of info.. especially what you (stir-fry) said about being able to add money in online at anytime.. that'd be perfect for me cause i'm ALL about online banking.


Thanks again,

Dave
 
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