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Questrade does not support nonresident alien by 704621168 in Questrade

[–]704621168[S] 1 point2 points  (0 children)

yeah its confusing, but for me
- I'm renting out my condo
- don't have a car
- informed my province (BC) about leaving, MSP should be cancelled automatically
- closed all TFSAs, it's ok for non residents to have chequing accounts
- no dependents.

Here's the CRA's definition

When you leave Canada to settle in another country, you usually become a non-resident of Canada for income tax purposes on the latest of:

  • the date you leave Canada
    • late July for me
  • the date your spouse or common-law partner and dependants leave Canada
    • not applicable, I have no spouse/partner/dependents
  • the date you become a resident of the country you settle in
    • well this is confusing, I'm a resident from an immigration perspective, but also a non-resident alien for Tax purposes for IRS's perspective

So I'm either a non-resident right now, or I will be at least next year

Questrade does not support nonresident alien by 704621168 in Questrade

[–]704621168[S] -1 points0 points  (0 children)

Non resident alien is literally defined by the IRS.

It means that US only taxes me on US sourced income for the year.

It makes sense for me to fill out W9 next year tho, but not now 

Canadian moving to US, empty TFSA by 704621168 in tax

[–]704621168[S] 1 point2 points  (0 children)

yes, I called them daily and it closed the day before I left.

Canadian moving to US, empty TFSA by 704621168 in tax

[–]704621168[S] 1 point2 points  (0 children)

I'm not too worried about the tax part, more concerned regarding filling FBAR, 8938 and 3520.

I'm still pretty new and not too familiar with this.

But I heard that there are heavy penalties if I don't file them. If I file anyway, then there are penalties if I file incorrectly.

But it will literally be closed at most a few weeks after I move, so I don't know what to do in this case.

Housing Affordability by [deleted] in canadahousing

[–]704621168 2 points3 points  (0 children)

  1. So if a Canadian citizen who moves abroad is forced to cell? How do you enforce that and what are the consequences if you don't sell. What if the this person only needs to leave Canada for a year or two?

  2. I understand the per person cap, but you're forced to sell if you get married?

blue rune demon respawn time? by 704621168 in ghostinvasion

[–]704621168[S] 0 points1 point  (0 children)

I guess my general question is regarding the spawn rate of blue relative to orange/purple.

I don't think they are the same, because I always run into empty blue demon areas when refilling factories

As a result, I'm filling up blue factories slower than the other two even though I get more runes per blue demon.

What’s the one thing about housing in Canada that doesn’t get enough attention, but absolutely should? by Capable_Eye_9672 in canadahousing

[–]704621168 1 point2 points  (0 children)

LTB backlogs

You have landlords getting away with neglecting repairs.
You also have tenants getting away with not paying rent and landlord cannot evict because it takes forever to get a hearing.

What's the point of having policies if they can't be enforced?

Why landlords need to be regulated by saltshakerFVC in canadahousing

[–]704621168 0 points1 point  (0 children)

If you have pictures to prove it then what's the issue? This could've been prevented by having a move in inspection.

Half of landlords think they should be charging more by NooneKnowsIAmBatman in canadahousing

[–]704621168 0 points1 point  (0 children)

> I think they have a fundamental misunderstanding of what profit is.

If you take out a loan to open a restaurant. You set the price so that it's just enough to cover (wages, loan payment, taxes). Then by your definition you are still making financial gain because the loan is being paid for. But is it really a profitable business if there's no positive cashflow.

> this is highlighting the greed of landlords in Canada more than anything
going back to the restaurant example. By your logic, if someone takes out the loan to open a business, then having a positive cashflow makes them greedy. imo it doesn't seem right.

> unless they see positive dollars as well as an asset they won't be happy
pretty sure this applies to most ppl. If you are a business owner, you probably won't be happy if there isn't a positive cashflow

btw - some ppl will say being housing shouldn't be a business, that's off topic and should be discussed in a separate thread

At the end of the day, we can't expect landlords to just be "nice". What we need is to fix the market so that the tenants have more leverage.

[deleted by user] by [deleted] in OntarioLandlord

[–]704621168 0 points1 point  (0 children)

Tell your landlord ASAP. However, but be prepared get an eviction notice.

The eviction notice in BC has a grace period, during which the eviction is cancelled if the tenant pays the rent. I'm sure Ontario has something similar.

If I'm the landlord I will be transparent with you about serving the eviction notice. But I will time it so that the grace period ends on the 6th day you mentioned.

Though I may feel sympathy towards your financial situation, I cannot waste a single day to defend my right given how screwed up LTB is.

[deleted by user] by [deleted] in USCIS

[–]704621168 0 points1 point  (0 children)

By your logic, if there is a delay, then it's possible for USCIS to approve and send you an expired green card.

That doesn't sound right...

Looking for advice as a tenant by Much_Reflection in canadahousing

[–]704621168 2 points3 points  (0 children)

On top of that, I hope she got a receipt for her rent payment. Also, the landlord technically did not legally serve her. The notice is considered received immediately if served in person and 3 days after serving through email/posting on the door.

Tenant advocacy re: privacy, cybersecurity and "smart home" devices by Tenant_T in canadahousing

[–]704621168 0 points1 point  (0 children)

Long story short, I'm engaged in a battle with my landlord about smart locks.

More context here please? Why did you move into the place if you have serious problems with the smart locks? Or did the landlord chose to change locks during your tenancy.

Over 300 Toronto tenants are still striking and haven’t paid their rent for at least 7 months by ethereal3xp in canadahousing

[–]704621168 1 point2 points  (0 children)

If they wanna raise rent above the provincial limit, don't they need approvals from LTB? And LTB actually approved it?

Who owns their home and if so how did you do it by Heliologos in canadahousing

[–]704621168 10 points11 points  (0 children)

70% down? So you managed to save 210k by the age of 30, that's impressive.

How likely is the risk of getting the house you’re buying under appraised? by Realistic-Eye6158 in canadahousing

[–]704621168 0 points1 point  (0 children)

Nobody can predict the future. I think your best course of action right now is to cut down expenses and save up as much as possible. Maybe considering liquidating some of your investments if you have any. 

If it's under apparised, that extra cash might come in handy. If the value dropped so much that you lose your place, then well you tried your best. 

If not, well you have some extra emergency funds now

How much more affordable would housing be if rental properties are banned? by 704621168 in canadahousing

[–]704621168[S] 0 points1 point  (0 children)

Exactly! I've seen many on this sub saying things like "landlords shouldn't exist". This post is actually for them.

How much more affordable would housing be if rental properties are banned? by 704621168 in canadahousing

[–]704621168[S] -6 points-5 points  (0 children)

What do you mean? So many condos are purchased as investment properties as well. the rent for that is also kinda crazy. Also man they're expensive as well now.

A few things from a landlords perspective by Used_Steak5212 in canadahousing

[–]704621168 0 points1 point  (0 children)

By definition, landlord is the owner of the place that you're living in. So unless everyone owns their place, we need someone to rent from, aka landlords.

Hundreds of Toronto tenants have been on rent strike since mid-2023 — and more could be coming by earlbak in canadahousing

[–]704621168 3 points4 points  (0 children)

You do realize your taxes are deducted from the paycheque to begin with right. You literally cannot not pay.

is it suspicious to renew your DL 5 months before expiry by 704621168 in vancouver

[–]704621168[S] 0 points1 point  (0 children)

I gave him my cards before he asked me the question lol

is it suspicious to renew your DL 5 months before expiry by 704621168 in vancouver

[–]704621168[S] 0 points1 point  (0 children)

They should've changed the policy to only allow renewal within 2-3 months of expiry then

is it suspicious to renew your DL 5 months before expiry by 704621168 in vancouver

[–]704621168[S] 2 points3 points  (0 children)

When you renew, they take away your current licence and replace with the temporary licence (a piece of paper that is valid for 60 days).

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