canada

  1. P

    Canadian working in USA on J-1 visa and taxes on investments

    So I am moving to the USA for work on a J-1 visa. I know that I will be classified as a non-resident alien and so my TFSA investments are safe. However I have an additional USD cash account at TD which I regularly pay capital gains tax on. When I move to the US, will I need to file these...
  2. 7

    CRA saying I owe $4.5k, I submitted documents to prove I don't, still no response

    In 2020, I did an internship in the US and in July 2021, was asked to submit proof that "To support your claim for income tax paid to a foreign country". Unfortunately I missed this mail completely and was sent a Notice of reassessment in December 2021 that I owed 4.5k. I quickly submitted...
  3. S

    Doing better due diligence?

    I’ve been managing my own portfolio for almost 20 years, and I’m still learning how to do good research before buying (or selling). I’d love to hear what your research secrets are, and what you wish you could do differently. Where do you do online research? For small cap stocks, what's the...
  4. A

    Balance Transfer Car Loan

    Backstory: I purchased a 2012 vehicle for 10k in November and leveraged a 0% interest rate for 6 months deal that my bank applied to an old line of credit I've never used. That went well. Paid off in full last month. New issue: Partner's vehicle was broken in to today. Certain damage was...
  5. H

    If i drove total 3000 kms in 2020, what is the average gas price i have to calculate to get the final cost?

    Lets say the gas prices per liter i have paid are $1.23, $1.10, $1.05, $9.95 during 2020. What gas price should pick to calculate? I searched on google but they gave unrelated info..
  6. A

    Canadian vs U.S. used car market (0.43%) vs (1.19%)

    Looked up several sources such black book, car gurus, auto trader and noticed that US market shows way more aggressive price drops rather than Canadian. E.g. the latest weekly data shows that it was: -0.43% drop (average -0.37%) for Canada...
  7. F

    You've inherited a property in Kawartha Lakes region

    Sadly, both of my parents passed away in the last year, and I am the sole next of kin for a cottage in the Kawartha Lakes Region, and a cabin up in Bancroft/Marmora region. Both are paid off. I live ~6 hour drive away and do not plan on moving to the area. I am fairly young (33), married...
  8. S

    Contractor insurance - question about insurance for rented equipment and whether I should still pay for additional insurance when renting?

    My contractors policy covers rented equipment. When I rent equipment (usually a skid steer) they give me the option of paying an additional 10% for insurance. I usually decline the coverage as my contractor's policy covers it. If I were to pay the additional 10%, and needed to make a claim...
  9. A

    Former company refuses to issue me a T2200 form

    I worked there for 3 years hybrid but got laid off due to mass layout in September. They have issued me a T2200 every year but now is refusing to issue me one for tax year 2023 (Jan-Sept) How to get it from them? Or because I’m not an employee it’s no longer my right?
  10. F

    Wealthsimple mortgage offer: take 0.05% off rate for every $50k invested. How does it make sense?

    Am I misunderstanding something? If I had increments of $50k lying around right as I’m signing a new mortgage, why wouldn’t I just get a lower mortgage than 0.05% off the rate? From their email— Here’s a quick example Let’s say Simon gets pre-approved for a 5% interest rate on a $500,000...
  11. C

    RRSP overcontribution d/t Pemsion Adjustment

    Hello PFC, Just got my tax return and NoA, and appear to have ~$6k over. 2022 NoA indicated $5,750 available RRSP contribution room for 2023. 2023 NoA indicates 2023 RRSP deduction limit = $7,252, minus 2023 RRSP contributions = $5,408. Therefore unused 2023 RRSP contribution room = $1,844...
  12. B

    credit card maxed out on gambling and possible fraud

    SPOILER ALERT! I am a moron !!! A month ago I decided to move back to my home country from canada permanently and I came up with a brilliant!!!(sarcasm) plan which was using my credit card to gamble and after potentially making it double or triple pay the initial amount and take home a nice...
  13. N

    Hurricane Fiona Relief Fund vs Insurance

    Long story short, our home suffered damage during the hurricane. Very unfortunately for us, we had to let our home insurance go a month beforehand due to some especially difficult circumstances. We lost about 10% of our roof (about 5% of the sheathing and 10% of the shingles), siding on three...
  14. J

    21 YO - Seeking Financial Advice

    Hey everyone, Please be gentle, i’m looking for advice. I'm a 21-year-old from, Canada, looking for some guidance on my financial situation and investments. Quick Snapshot: Income: After everything Between my current job and other small business, I am bringing home $3,500 a month all...
  15. E

    BBD.B - Bombardier Inc

    Are there any BBD.B - Bombardier Inc. investors on here?
  16. M

    Will you get the $2000/m for 4 months as announced by the PM today?

    https://nationalpost.com/news/canada/government-wins-unanimous-consent-to-quickly-pass-legislation-for-covid-19-help This is going to help a lot of people and minimize administrative work and cost related to providing relief for a huge number of people across the country. I won't get this...
  17. T

    $NOW closes public offering for $10.35 gross proceeds

    Last week NowVertical ( $NOW.V $NOWVF ) announced the closing of its marketed public offering of 10,894,756 units at the price of $0.95/unit. The offering lead to gross proceeds of $10.35M Each Unit consisted of one subordinate voting share and one-half of one subordinate voting share...
  18. F

    Reporting and paying tax on crypto

    So, CRA hasn't a clue really but still wants their cut. I have crypto gains in excess of $150k that took place over the last few years. This is in the form of simple capital gain and passive income (staking). Since it happened over years, I have been in and out of various exchanges, some of...
  19. U

    paying Stat (yukon)

    7 day workweek 12 hour days, the Stat fell on a day that was already OT for the workers. So is it 40 regular/ 44ot/ 8 Stat Or 32 r/ 52Ot/ 8 Stat?
  20. A

    What is the current state of employment in Canada? / Quel est l’état actuel de l’emploi au Canada?

    We just released our new Labour Force Survey data, which reflect Canada’s labour market conditions for the week of November 8 to 14, 2020. Here are a few highlights: Employment rose by 62,000 (+0.3%) in November, following an increase of 84,000 (+0.5%) in October. From May to September...
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