|
just another posted:Any general advice on mortgages at the moment? Broker quoted me a five-year variable 1.45% and a five-year fixed @ 2.09%. When I was a kid, mortgage rates were around 21%.
|
#
¿
May 26, 2021 13:52
|
|
|
|
| # ¿ May 14, 2024 20:32 |
|
|
I’d suggest having your taxes done professionally this year.
|
|
#
¿
Mar 15, 2022 19:01
|
|
|
Yeah, I haven't used that one specifically, but with things like Home Depot and Leons, if you're able to pay it off on time, every month, and will never miss a payment, it's great. Just read the fine print; a lot of times a single missed payment suddenly lands the full interest over the entire life of the loan on top of you. Like any credit-card type system, the people who carry balances are subsidizing the people who don't.
|
|
#
¿
Apr 6, 2022 17:12
|
|
|
Oh yeah, I was going to mention that part too. Yeah, pay it off a month or two early; even if there's absolutely nothing nefarious, it's still worth paying 22/month instead of 20/month or whatever to avoid 19.99% interest. Another thing to watch for is the one where if you use it for multiple purchases, they all get lumped together. Buy a couch, then a year later, buy a refrigerator, then six months later miss a payment? Boom, they're lumped together, now you owe interest on both. This is also why you should avoid rent to own places.
|
|
#
¿
Apr 6, 2022 18:39
|
|
|
slidebite posted:I found a missed T5 after in a stack of mail I forgot about. It's not much, just over $100 (interest) but I'd rather not risk an audit or anything. Is it simple to refile with the added receipt? Yes, but take a look at your notice of whatchermacallit, CRA might already have tacked it on for you. They already have a copy of it, after all.... Also, yet another call for Return Free Filing.
|
|
#
¿
Jul 19, 2022 18:53
|
|
|
Lets say you have a company that has issued 100 shares. Those shares are selling at a buck each. So, they do a reverse stock split. The company now has 10 shares at 10 dollars a piece. The total valuation hasn't changed; 100 bux. But hot drat, each share is now worth ten dollars! If the price goes up by 10%, instead having ten shares that each go up a dime, you now own a share that goes up one whole dollar! A WHOLE DOLLAR! STONKS! TO THE MOON! The reverse split itself doesn't affect the value. The market's reaction, however, may affect the overal valuation of the company. But then, so does the CEO's choice of tie.
|
|
#
¿
Jul 20, 2022 16:27
|
|
|
My guess would be 'no, he doesn't have a case. He gambled, he lost.'
|
|
#
¿
Jul 20, 2022 17:14
|
|
|
Yeah, this. CRA doesn't care. It's a 100 dollar error. They'll chalk it up to, you know, you forgot that slip, it got lost in the mail, whatever. The T slips get submitted to them, too. Either they already figured out that the error doesn't affect anything, or they'll just wind up fixing it for you at some point. If you submit a correction, they'll process it and let you know if somebody owes something money. I spent ten years not putting my first time home owner's repayments on my taxes, because I noticed they just edited it in for me and let me know they'd done it. CRA gets that sometimes you lose the paper slip that they had electronically submitted to they by your bank. They don't care. It's not worth their time to worry about a 100 dollar mistype on a tax form.
|
|
#
¿
Jul 26, 2022 16:14
|
|
|
I sold my house in April, and moved in with my partner, so I didn't have to just drop the proceeds on a new house. So I stuck them in an RRSP. Which then proceeded to drop like a rock. As of about yesterday, it's back up to where it started. My xgro and vgro portfolio dropped a few percent, so I took the opportunity to buy a bunch more.
|
|
#
¿
Aug 16, 2022 18:25
|
|
|
How do we feel about REIT ETFs?
|
|
#
¿
Aug 26, 2022 14:53
|
|
|
So, no intrinsic issues or gotchas with them, just the standard “do your homework,” sounds like.
|
|
#
¿
Aug 27, 2022 13:16
|
|
|
I just like the part where the writer starts out by chiding the asker for not having known the stock would tank and selling beforehand. “Step 1: using your Time Machine…….”
|
|
#
¿
Jun 8, 2023 11:25
|
|
|
pokeyman posted:It's due by the end of February, right? Probably shouldn't expect much. I've always wondered why, given that 'generate T4' is built into any payroll or accounting software that isn't a giant ledger book on a pedestal, it always seems to be such a hassle for companies to get them out.
|
|
#
¿
Feb 14, 2024 19:11
|
|
|
mila kunis posted:I got my T4 but this year I also have to wait on a 'T4FHSA'. I wonder why this needed a form from your bank and you can't just declare deposits like you can with your RRSP. The lack of return free filing isn't the tax lobby's fault, it's the CRA choosing to not do it. We already have laws in place that tax software must have a free option to netfile basic returns; I did free filing through Turbotax for years, then free filing through WealthSimple. Now, in America, yes, the tax software companies do keep the free options down, and very very hidden.
|
|
#
¿
Feb 21, 2024 15:33
|
|
|
Just a reminder, you can request the T2200 'work from home' form from your employer if you have any sort of WFH agreement in place, despite the form itself saying that it has to be part of your contract. https://www.canada.ca/en/revenue-ag...led-method.html quote:Your employer required you to work from home
|
|
#
¿
Feb 29, 2024 14:29
|
|
|
People have a weird idea that gold and silver have universal, intrinsic value. Which is easily disproven with the most cursory look at historical prices. It makes great currency medium because it doesn’t rust or decay quickly, but it’s still just a placeholder for value that everybody has to agree on. But if you’re stocking up for “the end of the world as we know it,” you’d be better off hoarding toothpaste, tampons, hunting ammunition, things like that. And at that point, learn how to build a still, and memorize the Norfolk four course rotation. Or stock up on football pads, spikes, black leather, and hair gel.
|
|
#
¿
Mar 3, 2024 19:02
|
|
|
themongol posted:I'm a big dum and over contributed to my 2023 RRSP. I've spoken to a CRA agent, withdrew the excess contribution from the RRSP account after 2 months of not noticing it. The withdrawl was done in 2023 proper, and for ~5k so over the 2k wiggle room. I undersatnd that I need to file a T3012A form (according to weathsimple: https://www.wealthsimple.com/en-ca/learn/rrsp-over-contribution#the_bottom_line). I also understand that since I haven't file my 2023 taxes yet, this convercontribution is not "already deducted." Does anyone have any tips or experience or resources they can share? I do intend to call CRA again to make sure I do it right, but any help would be appreciated. Thank you. Find a local accountant who does tax submissions. Bonus points if they used to work for CRA.
|
|
#
¿
Mar 6, 2024 15:44
|
|
|
Raenir Salazar posted:How's Desjardens compared to Turbotax? I like the idea of maybe paying someone to double check everything and try to get me deductions that I otherwise might have missed. Honestly, find a local accountant that does tax prep.
|
|
#
¿
Apr 25, 2024 14:31
|
|
|
|
| # ¿ May 14, 2024 20:32 |
|
|
T.C. posted:The best thing to do is ask competent people that you know. It's not a thing people generally treat as private so you can bring it up in conversation even with random acquaintances Yup, this. Can be as easy as posting 'hey, anybody have an accountant they recommend for personal taxes' to facebook or whatever. Bonus points if the accountant used to work for CRA.
|
|
#
¿
Apr 25, 2024 20:17
|
|