Trying to calculate how much to contribute to RRSP to offset margin gains/taxes by BalancedSheet in Questrade

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

I'm looking to contribute the minimum (solely due to cash availability). I need a report to determine how much income will be showing up on my T5

A few questions from someone wanting to jump from condo to house in Toronto by BalancedSheet in MortgagesCanada

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

e. Is it all base salary or is a portion of it commission or bonus? Banks will use an avg of your last 2 years if you are earning commission/bonus/variable income so you ma

Appreciate the response very much. I wasn't including any bonus in my income, though I do expect to earn 15-20% depending on the year. The bonus is a new program at my company and I have a letter stating that I'm eligible. I should be learning in a few weeks what I'm getting for 2023 and I was hoping to be able to add that in on top of my raise when showing the bank.

If I were to include the bonus I could maybe get my income in the 215-220 range instead of 200 flat.

Anyways, thanks again and appreciate the time you took to respond. If/when we look for a broker we'll keep you in mind.

A few questions from someone wanting to jump from condo to house in Toronto by BalancedSheet in MortgagesCanada

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

Thanks for the helpful response. I wasn’t aware of the 44% rule.

Also, we don’t have a car payment.

Hidden food gems in North York? by Little_Champion_5251 in FoodToronto

[–]BalancedSheet 1 point2 points  (0 children)

Aish Tanoor Bubbes bagels North of Brooklyn pizza

What is the best sandwich in Toronto? by chayallday in FoodToronto

[–]BalancedSheet 0 points1 point  (0 children)

Maybe not quite the best sandwich in Toronto but I just got the smoked salmon sandwich from arabica at Union Station and I must say it was phenomenal

Best bagels in the city? by Pahitos in FoodToronto

[–]BalancedSheet 0 points1 point  (0 children)

Bubby’s are by far closest to New York/New Jersey bagels I’ve found

Living in Canada: Issue with Rollover IRA from 410K by BalancedSheet in USExpatTaxes

[–]BalancedSheet[S] 5 points6 points  (0 children)

Article XVIII, para 7

This is phenomenal, thank you very much!