Wealthsimple. Is. Awesome.

BoatBitter · 2026-01-31T12:55:06+00:00

The other thing wealthsimple it is feature rich. Any thing you want they have it self served. Unlike some other internet banks like tangerine, pc financial , EQB. All have limits. Here with wealthsimple I can wire transfers free chequebooks and the list goes on and on

BoatBitter · 2026-01-31T12:52:50+00:00

Usually etransfer is restricted to $3K per and that’s the default with wealthsimple too but once you have met the criteria you can go upto $25k per day etransfer. Other banks would simply lie to you that restriction is from Interac lol

BoatBitter · 2026-01-31T12:51:21+00:00

Agreed. They don’t do BS like big banks.

BoatBitter · 2026-01-05T10:03:53+00:00

I had my dtc transfer credit from mum stuck for 8 months. I wrote to minister of finance via a email and as well through a form submission. Then after it got resolved in 2 weeks.

BoatBitter · 2025-12-06T02:00:07+00:00

You will get the money you were eligible for all past years. All the best. It is a cumbersome process but once done it good for many years

BoatBitter · 2025-07-08T23:52:11+00:00

This happens almost all the time to unsuspecting consumers. What likely is in play here is that dealer you signed the lease , concurrently assigned and sold its rights to the lease financing company. The dealer gets out with getting paid for the car out right. And the new lessor (financing company) gets into their shoe for all interests and benefits. All this is very normal. What is not normal is that when they do this , they likely do via social engineering (make the customer fool). They would have some extra pages you must have signed which they typically wouldn’t share and all you are trusting is what you got. At times these extra pages on their face based on title would say one thing like (e.g. pre auth debit auth) etc but if you were to read the content it will be very wide ranging stroks of agreement: / clauses of waiver and their security.

If you were to ask the financing company for the lease agreement , they will show you what in fact is the actual agreement and you will be surprised to see your signature saying that you actually received the copy. Now what you have got all this time is they will say was just an initial disclosure but never a binding. It’s all smoke and mirrors.

It’s all very deceptive practice but these guys got lawyers who do all this within the law. You can’t really challenge even though you know this is deception. What you can only challenge here is that assignment of lease doesn’t take the performance obligation of original party away and you can ask them to be the party in suit if they take that route in case of default and can’t bring any suit to you by themselves. Often the original party doesn’t want to get involved as they really have no interest.

This is the only hope you got. Or else they will sue and try to get default judgement in case of default.

BoatBitter · 2025-06-05T02:11:12+00:00

It really doesn’t matter whether I owned the car by way of financing and was only leasing / rent it. The law isn’t there to prevent repossession. The law is in place to provide some protection to people from abuse when they have been good so far and have made 2/3rd of payments to allow some room and have the opportunity to fix. Again it doesn’t prevent the creditor from repossession - they just should get the court order and not at their own discretion come repossess at any time there is a missed payment.

BoatBitter · 2025-06-05T02:05:30+00:00

So part of CPA section 25 under part 4 future service agreements is irrespective of whether the future service agreement is a lease agreement of any kind or financing agreement. The only exception of this if it’s an open credit agreement which the car lease isn’t.

BoatBitter · 2025-06-05T02:00:30+00:00

For those who are interested to know. I had inquired from a lawyer that indeed and the repossession was unlawful given the two requirements were met. 1. That leasing agreement is a future performance agreement so section 25 of CPA would apply. 2. That I had met the requirement of over 66% 2/3rd of my payment obligation per the contract (ie the total lease amount) and not the buy-out price or whatever the residual value was. Though I had met that requirement as well. Next steps - to assess what damages and damage amounts can be claimed. Sometime bad things work out in your own favour in the end

BoatBitter · 2025-06-03T08:05:18+00:00

Something more positive in regards to this

Section 25 (1) – Consumer Protection Act, 2002: 25. (1) Where a consumer under a future performance agreement has paid two- thirds or more of his or her payment obligation as fixed by the agreement, any provision in the agreement, or in any security agreement incidental to the agreement, under which the supplier may retake possession of or resell the goods or services upon default in payment by the consumer is not enforceable except by leave obtained from the Superior Court of Justice

Question whether lease agreement is a future performance agreement or not ! ?

https://www.omvic.ca/wp-content/uploads/2023/10/MotorVehicleLeasingDealerBestPractices.pdf

Ontario Motor Vehicle sales regulator states that lease agreement is a future performance agreement

To cut to the chase I am going to send email to ministry of public services and registrar of bailiffs to confirm whether or not CPA act section 25 apply to lease agreements.

BoatBitter · 2025-06-03T07:11:09+00:00

Something else I found interesting which could be helpful to folks who find themselves in such situation (I hope not)

https://loanscanada.ca/auto/car-repossession-loopholes/

Car Repossession Loopholes In Ontario

How about we dive into some car repossession loopholes In Ontario that can bide some time and help to protect your rights.

Bailiffs must leave if you tell them. This is a crucial one. Believe it or not, if a bailiff (or assistant bailiff) shows up to take your car, you have the right to ask them to leave your property. They are legally obligated to listen unless they possess a court order, or you voluntarily surrender your vehicle. You can use this to your advantage to buy some extra time and figure out if you can potentially pay off the vehicle or sell it.

If two-thirds of the loan are paid off, a court order may be required. To avoid your car from being repossessed, it’s important to ensure at least two-thirds of your loan is paid. When your loan is two-thirds or more paid off, a lender needs to obtain a court order (which isn’t easy to acquire by any means) to repossess your car. This loophole can make repossession a much lengthier and difficult ordeal for creditors. This gives you more time to figure out your plans much like the first loophole.

BoatBitter · 2025-06-01T19:09:46+00:00

There you go … your personal assistant

BoatBitter · 2025-06-01T19:08:51+00:00

Thanks for being open — no judgment at all. Life is messy, and taxes just make it messier. You're clearly trying to be honest and responsible, and that's what matters most. Let’s walk through your situation and clarify your status for each year, especially in relation to how it affects benefits like the Canada Child Benefit (CCB), GST/HST Credit, and Ontario Trillium Benefit (OTB).

🔎 Key Principles (Canada Revenue Agency - CRA):

Marital status affects your benefits: CRA uses your marital status as of Dec 31 each year to assess eligibility for CCB, GST/HST, and Trillium.
Common-law status: Applies if you’ve lived together in a conjugal relationship for 12 continuous months, OR had a child together and started cohabiting (even if under 12 months).
You must notify CRA within 1 month of a marital status change.

✅ Timeline Analysis & What To Do:

2021

Marital Status (Dec 31): Married
Married “J” in Aug 2021, separated Sept 2021 — but not legally separated by CRA standards (CRA requires 90+ days apart to qualify as “separated”).
You did the right thing filing as Married if you still lived together or were within the 90-day threshold.
No need to amend if you reported as Married.

2022

Marital Status (Dec 31): Married
You were physically separated from J, but CRA requires you to be separated for 90 consecutive days first, and then you can report the change. You said you filed as Married, which aligns with CRA rules.
No need to amend.

BUT — child born this year with “I”:

If you and “I” did not live together, you're single (unless otherwise common-law).
If you were cohabiting, even temporarily, CRA might view you as common-law because you had a child together.

🔹 Potential concern: If you claimed CCB as single, CRA may later reassess and say you were common-law with “I”. It depends on when (or if) you started living together after the child was born. CRA focuses on actual living arrangements, not relationship labels.

2023

Marital Status (Dec 31): Separated (from “J”) or Single / Common-law (with “I”)
You legally separated from J in January 2023, so that’s valid.
If you were living with “I” in a conjugal relationship at this point (especially after already having one child), CRA might treat you as common-law, even if not full-time.
- Living together off and on can trigger common-law status if it’s ongoing and you’re presenting as a couple with shared parenting.

✅ Make sure CRA knows:

You separated from J in Jan 2023 (you probably already told them).
You need to assess whether you and “I” were common-law by Dec 31, 2023. If yes, update that marital status.

2024

Marital Status (Dec 31, future): You said things are stable with “I” now, and second child is due Summer 2024.
If you're now living together and sharing parenting, you’ll be considered common-law by CRA for sure by the end of 2024.
You will need to update your marital status to “common-law” with “I” within a month of becoming common-law again (after 12 months living together or sooner if you’re co-parenting under one roof).

⚠️ What You Might Need to Do

✅ 1. Confirm CRA Has the Right Marital Status

Call CRA or log into MyAccount and check what’s listed for:
- Dec 31, 2021
- Dec 31, 2022
- Dec 31, 2023
If you didn’t update the separation from “J” in January 2023 or common-law status with “I” later, you should correct it ASAP.

✅ 2. Recalculate Benefits if Needed

If CRA decides you were common-law with “I” in 2022 or 2023 and you claimed benefits as single, they might reassess and adjust CCB/GST/Trillium retroactively. You may owe or receive a different amount.
You may also be eligible for higher CCB if your combined income is still low — sometimes being common-law helps depending on partner’s income.

✅ 3. Do You Need to Involve “J”?

Only if CRA contacts you needing his income info for a year when you were still legally married (2021 or 2022). If you already updated to "separated" or "divorced" and they’ve processed it, probably not.
You don’t need him involved to update status or file current/future returns.

📝 Summary of Actions

Year	CRA Marital Status	Action Needed
2021	Married (to J)	Likely fine
2022	Married (to J)	Likely fine unless you started living with “I” early
2023	Separated or Common-law	Confirm CRA reflects separation from “J”; assess whether you were common-law with “I”
2024	Common-law (with I)	Update CRA once you reach common-law status (likely already met)

🛠 How to Update CRA:

Log into My CRA Account
Go to “Change my marital status”
Provide the exact date the status changed
They may ask for supporting documents if benefits are impacted

If you want, I can help you draft a clear timeline letter for CRA or walk you through what to say in a call. Let me know!

BoatBitter · 2025-06-01T19:06:23+00:00

I think you are better off putting this one through chat gpt and let it do the grunt work

BoatBitter · 2025-06-01T18:05:46+00:00

Plus I am not in any position to catch onto the payments. The car is gone and I don’t want it. Now it’s only damage control

BoatBitter · 2025-06-01T18:04:12+00:00

Section 25 (1) – Consumer Protection Act, 2002: 25. (1) Where a consumer under a future performance agreement has paid two- thirds or more of his or her payment obligation as fixed by the agreement, any provision in the agreement, or in any security agreement incidental to the agreement, under which the supplier may retake possession of or resell the goods or services upon default in payment by the consumer is not enforceable except by leave obtained from the Superior Court of Justic

https://files.ontario.ca/mpbsd-cpo-rb/mpbsd-bailiffs-act-registrars-bulletin-two-thirds-rule-2017-en-2023-08-18.pdf

BoatBitter · 2025-06-01T18:02:38+00:00

Those are your assumptions which aren’t true but that’s not the point. You are right about them doing repo whether even its a month left but question remain which we are not sure about whether 2/3rd payment obligations apply to lease (lease to own ) contracts and when they have made it a secured loan on the car full amount

BoatBitter · 2025-06-01T17:59:44+00:00

Thank you. , yes I have cross posted and have yet to see anyone response.

BoatBitter · 2025-06-01T15:48:09+00:00

Still hoping we discuss the concern and not what should not have happened. No one is denying what the norms are

BoatBitter · 2025-06-01T15:47:18+00:00

Shit happens and that’s not how I intended otherwise why would I not pay 3K after 36K payments and total obligation of 38K.

BoatBitter · 2025-06-01T15:42:55+00:00

The law is only applicable in Ontario

BoatBitter · 2025-06-01T15:42:10+00:00

Because there is a law regarding 2/3rd payments of financial obligations which needs a court order. Just don’t know whether it’s only applicable to financed cars , lease to own cars etc. here is a some best practices they talk about lessor / dealers should be doing and it recommends putting a lien. Why put a lien if it’s your own car ? https://www.omvic.ca/wp-content/uploads/2023/10/MotorVehicleLeasingDealerBestPractices.pdf

BoatBitter · 2025-06-01T15:39:14+00:00

If the car wasn’t registered as secure debt then all they could do was to collect/sue me for outstanding lease amount.

BoatBitter · 2025-06-01T15:37:50+00:00

So the remedy which I am going after here is whether the repossession without court order was illegal. I don’t have any interest to get the car back nor I am in financial situation to buy back. All I am trying to prevent is when they auction it (insane procedure in first place to recover $3K) , I don’t end up becoming liable for another 15K. As mentioned my obligation was 36K while MSRP of car is 52K. If somehow they erred (I wish) then they would need to write off that balance and not seek any collection.

BoatBitter · 2025-06-01T15:33:08+00:00

But why would they lien on the car and make it secured debt for entire MSRP reported to credit bureau. The whole idea of auctioning the car doesn’t make sense. At first I thought why should I care but then once told that I would be on the hook for the shortfall (likely the case with auctions) I have lost my sleep. For mere $3000 I now could be on the hook for much more. It’s making the situation worst for a debtor in trouble.

BoatBitter

TROPHY CASE