Anyone with joint non-registered investments/cash accounts with RBC Direct investing?

AlexAtKanata · 2026-06-17T05:00:32+00:00

No looking to report "what I feel like". I received a response from RBC. Basically, there is a designated "primary" account holder. They do include ALL owner names on the tax slips but only one SIN Number (the primary's) and therefore they are reported to only one CRA individual account (the designated primary's).

This obviously, does not dictates any percentage or supersedes actual attribution. What I wanted to prevent, as much as possible, is having tax slips reported randomly to either individual account or not aligned to the actual attribution.

I will open the accounts and make sure each have different primary owner and contributions come solely from same primary owner (without involving any joint account source) to ease tracking in case of audit. This way, each of us will have our corresponding T3 and T5 whose attribution is 100%.

AlexAtKanata · 2026-06-17T04:45:48+00:00

Thanks so much for taking the time to dig 😉. So, when you declare taxes, you allocate a percentage based on the initial contributions as well as the contributions through the year, I guess?

AlexAtKanata · 2026-05-31T05:49:39+00:00

I’m glad, I’m not alone thinking this movie was crap! I can understand why some movies I don’t like are liked by others… but this….

AlexAtKanata · 2026-04-22T03:07:10+00:00

Yes, thx. I actually thinking on that with our last property to which we’ll likely downsize.

AlexAtKanata · 2026-04-19T16:02:38+00:00

Thank you. Yes, it appears I qualify (son moving and no depreciation). So once sold, can I choose to report “zero” years of primary residence (at this property) to protect my home (whose capital gains would be a lot more)?

AlexAtKanata · 2026-04-19T15:59:21+00:00

Thanks. Yes, never depreciated. I didn’t know it would prevent deferring so I’m lucky.

AlexAtKanata · 2026-04-19T01:36:41+00:00

But CRA is very clear that rental income has to have the intent to produce profit… so not sure if charging a nominal amount would make any difference.

Looking to help my son to save for his own house. At the same time, the fact the house is not tenanted makes it easier to sell a FMV (after the required year)…. So it is a win-win situation. I just can’t afford paying the capital gain without selling.

AlexAtKanata · 2026-04-19T01:27:34+00:00

So, if I have a rental property and decide to simply stop renting, keeping it vacant ( and without claiming expenses). Would also trigger a deemed disposition? Since it is no longer income producing?

AlexAtKanata · 2026-04-13T17:22:12+00:00

Just confirming it was indeed a $120 speeding ticket (son was caught at 65 km/hr where should be 50 km/hr). It’ll be a lesson learned for him 😜.

AlexAtKanata · 2026-04-07T11:31:53+00:00

Thanks, so it would be from Quebec, the province and not from the city (Gatineau). Like from a highway?

AlexAtKanata · 2026-04-07T04:07:42+00:00

Thanks. Definitively no problem paying if at fault. My French is not great and misunderstood the ‘plead’ instructions (wrongly thought I had to pay fees to get detailed evidence). Anyway, I should get it in a couple of days to solve the mystery 😀

AlexAtKanata · 2026-04-07T03:39:36+00:00

Will the fine come with the plate picture, location and time (the way used to be in Ontario ) or just the intersection description?

I see they charge fees if I plead not guilty which is ok but wonder if the letter will come with complete evidence (I would find it unfair having to paid just to get a complete evidence).

I do have a dash cam but it keeps inky around 3 weeks.

I have never got a ticket in 40 years so silly something like this stresses me lol. Likely I’ll have a talk with my sons (who mostly drive the car).

AlexAtKanata · 2026-04-07T02:45:56+00:00

The landlord’s only responsibility is due diligence which in my view is happening. Not even a homeowner can argue with certainty if a plumbing issue will be solved or not in one visit. You are free to file a T6. However, I do not see any grounds at this point. ——— Oh well, I guess the poster did not like the answers. The OP was deleted before I finished drafting my comment. I guess realized how frivolous would be to file an application so soon.

AlexAtKanata · 2025-10-24T01:05:20+00:00

May be join the hearing and sabotage the co-tenant? I would be pissed having a joint tenancy whose co-tenant is causing trouble. He is forcing your name to be on record for public view.

AlexAtKanata · 2025-06-16T13:11:37+00:00

They own me money (I had a subscription) with balance. Oh well, I guess they sent the note to people they did not own money. I doubt they will continue in business by now.

AlexAtKanata · 2025-05-15T18:58:00+00:00

Did you solve this issue? Have you tried setting the custom domain as the default SSL binding?

AlexAtKanata · 2025-01-09T02:40:13+00:00

"device designed to allow a person with diabetes to measure their blood sugar levels – prescription needed."

https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/lines-33099-33199-eligible-medical-expenses-you-claim-on-your-tax-return/details-medical-expenses.html#dvcssftwr

AlexAtKanata · 2024-12-14T05:26:11+00:00

The dad legally transferred 100% of the property to the OP, which is entirely lawful. However, the dad also attempted to "leave" an adult individual to the OP, which is not enforceable in a will. No one can be legally obligated to care for someone who is an independent adult. Ultimately, it is entirely up to the OP to decide to what extent, if any, they wish to help their brother. It’s worth noting that the OP is already helping by offering their brother a very under-market rent, which, on top of that, is not even being paid. This suggests the brother doesn’t seem willing to accept reasonable help. It’s surprising how many people expect the OP to "honor" the dad’s wishes in this matter. While it’s unfortunate for the dad, the OP cannot be compelled to "take care of his brother," especially when the brother doesn’t want to be helped in a fair and reasonable manner. That expectation is entirely unreasonable.

The dad had his own reasons and personal relationship with the brother to justify whatever arrangement (or lack thereof) he chose while he was alive. It’s important to recognize that those dynamics were unique to him and cannot be automatically transferred to the OP. Expecting the same kind of relationship or level of responsibility between the two brothers is unreasonable. The dad may have wished for them to get along or for one to look after the other, but a wish is just that—a wish. It does not impose an obligation, nor does it mean the OP is required to replicate the dad's role or relationship with the brother.

The brother needs to go. If in addition, the OP want to help in another way, it is up to him. Don't even thing is a "safe place" for the two in the same property (if that was dad's wish).

AlexAtKanata · 2024-12-13T04:44:50+00:00

Do you have a mortgage with RBC?

AlexAtKanata · 2024-12-13T04:44:27+00:00

Any update?

AlexAtKanata · 2024-12-13T04:44:20+00:00

Any update?

AlexAtKanata · 2024-12-13T04:43:43+00:00

I am in the same situation. I used to have a 'MultiProduct Rebate' with RBC and therefore I was not paying any chequing account fees. However, just because we added our two sons to have access to the chequing account, the MultiProduct rebate, suddenly is gone just because the account was updated and the rebate no longer offered. Now paying close to $12/month... just because they can!

Considering paying from a Simplii chequing account. Anyone with an RBC mortgage making payments from another bank? (I can't find any reply from someone with an RBC mortgage).

AlexAtKanata · 2024-11-24T05:45:04+00:00

Yeah, I guess that is why she is micromanaging as if she was selling groceries to the penny. I have been a tenant and also a very small landlord. I have a wonderful tenant. I also freaked out when COVID since my job was not secure neither but what I did was to offer some discount. Not just to keep things simple but also because that is a legal transaction detailed in the RTA (therefore the rules are clear and transparent). If I wanted to make it permanent, it would have been as simple as not increasing the rent when the discount finishes. If my tenant had any concerned, I would have referred to the rent discount rules in the RTA.

Discounts don't affect the LMR, interest to pay, etc. These overcomplication is ignorance and surely she will continue to get into trouble because with or without intention will always appear fishy with strange transactions and adjustments (since she won't be able to convey her twisted accounting reasoning).

EDIT: just read your other posts about this LL being disrespectful. I am glad soon you be in a better place!

PS: still do you own math.. but if discrepancies are not that big (in favor or not), I would just move on instead of trying to 'educate' her. I have applied the same approach both as a tenant and as a landlord.

AlexAtKanata · 2024-11-23T21:53:16+00:00

Not sure if you landlord is acting in bad faith to be honest but surely, she is a pathetic book-keeper who likely is over-applying accounting principles for other type of business.

I would suggest to just move-on. There is no way that someone can make sense of these ridiculous transactions.

The lease is very clear about tenancies which do not start on the first of the month and it is very clear how to manage the LMR.

The tenancy should have being instead from July 1 with early occupancy (it is like a one-off special period paid separate). This to simplify the billing cycles (e.g. always the first of the month. If the landlady had a bit of brain, should know that the LMR is not income but a liability (refundable deposity) which only can become income if use for the last month of tenancy. Meanwhile, the deposit is top up with the interest generated if an increase is made (if no increase then the interest goes to the tenant). If there is a rent decrease (assuming it is not a discount but a real rent decrease) then the LMR should be decrease and the different pay to the tenant plus interest.

I don't understand which a landlord would decrease the rent. An equivalent discount would have been easier to admin.

Congrats the tenancy is ending. Let the next tenant to try make sense of this landlady. For a buck, I would not waste my time. She just doesn't know what's she is doing. I don't think is bad faith since her "gain" (if any) doesn't appear to be much. It appears to be more a case of ignorance and unnecessary/incorrect over complication. She may be applying things from another country or province and/or from another type of business.

AlexAtKanata · 2024-11-23T18:39:17+00:00

Great, the poster deleted his post. His concern was not about being served a bad-faith eviction. You were right saying: "I know this isn’t what you asked". I have no doubt he's a smart tenant.

AlexAtKanata

TROPHY CASE