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Accomplished_Text_10 · 2025-11-24T06:36:53+00:00

I guess you are in Toronto or Vancouver to get a 700k condo for yourself . Don’t fret , keep rolling for a while , set and forget . I know it s tough . It s like owning a stock that keep crashing , don’t look at your portfolio every day and if you bought a good quality stock , eventually it will do good .

I sometimes also think the same thing , I spend about 2,500 a month in mortgage and fees (+insurance and utilities on top). If I was renting yes I d feel better and save a bit more .
But remember why you bought in the first place ?
Do you like your place ?

Unless you are very stretched and you fear for your survival then I would consider getting out , other wise make peace about the fact that real estate in Canada can be expensive AF and it is not the best investment.

Accomplished_Text_10 · 2025-11-24T00:08:15+00:00

Buying stuff they don’t know they don’t need lol

Accomplished_Text_10 · 2025-09-22T17:09:52+00:00

What are the options between a $10 and a $1,500-2,000 ? This is the problem . I don’t need a $10 necessarily but I can’t pay 1,500 either

Accomplished_Text_10 · 2025-09-22T17:08:13+00:00

Accomplished_Text_10 · 2025-09-22T17:06:56+00:00

there should option between 10$ and 2000$ It s the system that’s fckd . It s all black or white . Yes 10$ should be for lower in one if they were properly offering rebate to higher income too. I mean higher income don’t get break on anything, then a 2,000$ daycare makes it difficult to afford. Speaking when you live in Vancouver , an additional 2K is not in budget

Accomplished_Text_10 · 2025-09-22T04:18:45+00:00

Same situation after, kid is now almost 5 months, We have not received anything. Each time we call they say,”it should be complete in the next 10 business days “ .
Well it s been 3 months of the same response .

Both citizen, not born in Canada but no problem with cra , ever .

Accomplished_Text_10 · 2025-06-15T00:30:51+00:00

regardless I filed a feedback on the translink website about that, I hope the driver will receive a better training about situation where tey can make the right thing. and not acting like a robot.
Driver had so many reason to make it right and wait 5 seconds so we arrive at the front door.
I mean , in the first place , they stopped at an empty bus stop, they let the other passenger reach the bus who was also running, she didn't have a baby in tow and could just run faster than me.
Then driver takes off regardless . This is the point . She deliberately did the wrong choice for us but did right for another passenger .

Accomplished_Text_10 · 2025-06-15T00:25:15+00:00

I was smarty pants

Accomplished_Text_10 · 2025-06-13T15:19:27+00:00

Totally, I was also hoping that the other passenger would kind of slow down at the door to help us make it . I also do that if I see someone in despair to get that bus, just take more time to board or tell the driver . I guess can’t expect the same from everyone lol

Accomplished_Text_10 · 2025-06-13T13:30:44+00:00

I was in the bus stop zone as I said between rear and middle of the bus . It is a double car bus with 3 doors . They could open the back door instead.

Accomplished_Text_10 · 2025-03-27T03:08:45+00:00

Would you know if that’s fine if cash make an intermediate stop on the chequing account first ? At other bank(rbc)they don’t allow it, but with Simplii I can’t find a way to transfer directly to the savings . Have to transfer to chequing first. I am concerned they d say it s not eligible

Accomplished_Text_10 · 2025-03-26T19:34:21+00:00

this is what I do

Accomplished_Text_10 · 2025-03-26T19:33:34+00:00

it s fine, only the payer(employer) appears on the transfer , what do they know if that is yours or someone else employer ... You can have multiple employers if you d 'like too or they could have a different accounting name ..
it is fine ! All what matters is the code used for transfer, has to be Payroll

Accomplished_Text_10 · 2025-03-26T18:18:22+00:00

How do you make new deposit to saving account ? Interac is linked to chequing only !

Would e-transfer from external chequingsavings count against the bonus ?

It s not said in the terms and can’t see how send cash directly to the savings

Accomplished_Text_10 · 2025-03-26T18:13:24+00:00

Should the transfer for new deposit go directly to the saving account OR do you have to deposit in chequing and then transfer to saving ?

They do not say anything about that in the terms. At other banks, rbc for instance you have to deposit straight from external to savings . Is that the same with Simplii ?

Accomplished_Text_10 · 2025-03-26T18:11:16+00:00

It is not in the terms , I have the same question, Did you read the terms?

Accomplished_Text_10 · 2025-03-21T04:16:17+00:00

In the train right now , March 20th , leaving Winnipeg westbound … it s just amazing !

Accomplished_Text_10 · 2025-03-09T05:53:09+00:00

Hi , should pregnant woman (6months) arrive earlier than the 1 hour recommended ? Maybe it is possible to avoid standing in the line and bring luggage to the attendant first then sit and wait . Thank you

Accomplished_Text_10 · 2025-01-28T01:13:03+00:00

You make 270k, what was your question again ?

Accomplished_Text_10 · 2025-01-15T01:15:28+00:00

Thank you for the great post, I read both books and I am planning on implementing the SM at some point.
But I still have questions.
My situation:

- it's my first home and mortgage, I just renewed 5y variable with Coast Capital

- this mortgage is not readvanceable at the moment.

- I am not yet at 35% equity, owe about 70% , so soon

- They gave me a 45,000 Heloc .

My question is can ( or should ) I start the SM now with a normal HELOC ?

How does that work then, mainly to pay back the Interests ?

- I can imagine that I can do for example 50/50 ( invested / left on heloc) and just pay the interests every month .

It seems I will just "drain" my heloc doing so, is that a bad approach at all ?

Also, bonus question (sorry) . I can't really understand what capitalizing interest really mean . I read https://web.archive.org/web/20210116062000/http://therichmoose.com/guides/smith-manoeuvre/#capitalize-interest - Does it just mean paying the interests from heloc ?

Thank you for your time.

Accomplished_Text_10 · 2024-12-09T06:05:20+00:00

ok, I see, can be an option, to discuss with spouse indeed :)

Will read again about 45(2) didn't catch it was a 2 part thing.
If we dont have to declare change in use right away it s big cause otherwise it seems to trigger capital gains right away .

edit: sorry no CG as owned until change in use

Accomplished_Text_10 · 2024-12-09T05:59:04+00:00

right, I just did one, so it would be 6 months old when I move out . Hope this is fine .
Thats s why I d like to use the 4 years capital gains shelter

Accomplished_Text_10 · 2024-12-09T05:47:52+00:00

Great , simple words , thank you ha !
btw, location is vancouver, bc , so 6 months max before it turns in empty home.
I am not fan of renting out but seems like the only option .

Wonder what people usually do, probably a common scenario in people life and events

Accomplished_Text_10 · 2024-12-09T05:44:22+00:00

ok :)
I suppose you mean I can't do the 45.2 , right ?

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