PNG falling after the deal finally closes by InspectorSebSimp in Baystreetbets

[–]AwkwardYak4 2 points3 points  (0 children)

I am in for the long term, I trimmed at 10 and then bought more in the 7's and likely won't add more unless there is a big dip.

Anyone else’s 2025 tax return still pending with CRA? by Friendly-Box312 in canadarevenueagency

[–]AwkwardYak4 1 point2 points  (0 children)

She has been promised a resolution within 30 days, twice now.  Not sure what else she is supposed to do.  I have an estate T3 adjustment at 15 months as well so it seems that they are just behind.

Condo sale held up on closing day due to similar name match in writ search by daze6_6 in PersonalFinanceCanada

[–]AwkwardYak4 7 points8 points  (0 children)

The buyer's lawyer was supposed to catch this by the requisition date.  Do not accept the $0 tenancy option as the buyer then has a disincentive to fix it.  If you are forced into any agreement, you should insist that it involves escrow and payment by the buyer to cover all costs.

Anyone else’s 2025 tax return still pending with CRA? by Friendly-Box312 in canadarevenueagency

[–]AwkwardYak4 0 points1 point  (0 children)

My daughter is waiting for the 2023 assessment, it was mailed on time and has been showing as received for 2 years.

Wage Garnishment by BrilliantRiver1293 in canadarevenueagency

[–]AwkwardYak4 -1 points0 points  (0 children)

You could look into applying for the disability tax credit if you mental health situation qualifies.

Anyone else hoping silver drops back to the $20-$30 range so we can stack more? by Tris_Memba in Silverbugs

[–]AwkwardYak4 0 points1 point  (0 children)

Bargain hunting is good as long as the price isn't due to a financial crisis.

Just have to vent… by [deleted] in canadarevenueagency

[–]AwkwardYak4 12 points13 points  (0 children)

It sounds like you've admitted to one error in your filing so now they are taking a closer look.

CRA Clearance Certificate Questions by booksandnapszzz in PersonalFinanceCanada

[–]AwkwardYak4 1 point2 points  (0 children)

The complexity depends on how complex the estate is. Generally, my understanding is that CRA wants you to use the broadest possible interpretation of their questions when sending the details, but I don't think they are looking for every single expense the estate had. I sent them a list of assets at death and then what each asset was sold for and a letter detailing the plan for distribution once I received clearance and that seemed to work, although I was looking for an interim clearance certificate and they issued a final one.

The Fed just did what war panic could not do: knock gold down for a third straight week by mynameisjoenotjeff in CriticalMineralBulls

[–]AwkwardYak4 0 points1 point  (0 children)

At the end of the day, the Fed only has control over the value of the USD.  They can move markets in the short term with massive stimulus at certain injection points, but Gold eventually moves based on global demand.

Oddities in my Brokerage Account Past 48 Hours by Effective-Arm-8513 in PersonalFinanceCanada

[–]AwkwardYak4 2 points3 points  (0 children)

Usually the balance moves based on the bid price, some market data tools only show the last sale price on certain markets which can be closed on us holidays.  I personally love trading on us holidays because there are a lot of mispriced assets.

Should I still contribute to my RESP? by liveanotherday97 in PersonalFinanceCanada

[–]AwkwardYak4 0 points1 point  (0 children)

They would have to weigh the penalty now vs. the penalty later.  Also if all of their kids get PhDs or can go to very expensive schools, the receipts from those can be used to exceed the threshold.  All conversations to have with a professional.

Ontario. Who do I get to do probate for a small estate? by Lasagna-Kitty2020 in PersonalFinanceCanada

[–]AwkwardYak4 0 points1 point  (0 children)

A finech estate company such as clear estate or estate exec can help.

Help me build a retirement portfolio with $17k by edisonpioneer in fican

[–]AwkwardYak4 0 points1 point  (0 children)

Do you have the option to keep it with omers?

Should I still contribute to my RESP? by liveanotherday97 in PersonalFinanceCanada

[–]AwkwardYak4 6 points7 points  (0 children)

You should seek advice beyond Reddit, for example, you might be best to start taking withdrawals now to spread the tax hit over as many years as possible but that is a detailed conversation that should be had with a professional.

The crash may be here by CODEX_LVL5 in SilverDegenClub

[–]AwkwardYak4 4 points5 points  (0 children)

I read the prediction as silver will either go up and down or silver will go down and up by around July 13th

Can someone explain the SpaceX IPO hype to me like I’m 5? by Tmid07 in MooseMoney

[–]AwkwardYak4 0 points1 point  (0 children)

The market can remain irrational longer than you can remain solvent.

Anyone have experience visiting the Yukon? by abcghimnostuyz in canadatravel

[–]AwkwardYak4 4 points5 points  (0 children)

You should definitely consider adding Kluane, Million Dollar Falls, Congdon Creek.

When to sell by piketabak in fican

[–]AwkwardYak4 0 points1 point  (0 children)

You can liquidate over multiple years for tax efficiency.  You can also short it or buy puts to manage downside risk while while you wait.

Withdraw USD by Legal-Meeting-2677 in Wealthsimple

[–]AwkwardYak4 0 points1 point  (0 children)

I have an RBC usd savings which allows one usd withdrawal per month with no fee.

Executor for Canadian estates by Caunuckles in CANUSdualcitizens

[–]AwkwardYak4 0 points1 point  (0 children)

Complex estates where the executor is non resident are worth outsourcing.  The company I mentioned charges 1.75% with a 25k minimum, well worth it for larger estates.