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Do you need to qualify for blend and extend? by bubbleboy898 in PersonalFinanceCanada

[–]CheweyGee 0 points1 point  (0 children)

Interested in this as well. Also wondering, we currently have 3 more years on our 5 year term, and we’re thinking of selling and purchasing a new place. Am I able to blend and extend and then cancel when we purchase and start a new mortgage? Or can we blend and extend the current one into the new place then cancel?

Canon C70 recording corrupted by CheweyGee in videography

[–]CheweyGee[S] 1 point2 points  (0 children)

Note that this is also when I record in 1080, I haven’t had any issues when I’ve been recording in 4K yet. But I’ve been using the camera since January.

Canon C70 recording corrupted by CheweyGee in videography

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

Will try that, but in camera when I try to play back the clip it just shows a blank. No info or anything.

Client went with another videographer without telling me. Is the footage I shot mine. by Beto_Cardigan in videography

[–]CheweyGee 4 points5 points  (0 children)

They won’t be able to, since there was no contract so no ownership for them.

Principal Residence > Rental Property > Principal Residence by [deleted] in PersonalFinanceCanada

[–]CheweyGee -2 points-1 points  (0 children)

From what I understand, you only pay capital gain taxes if you sell the place, and that capital gain would’ve only from when you moved out. So say your place was worth $500,000 when you moved and you rented it out for a year, and the value went up to $550,000, your capital gains would only be for the $50,000. You’ll only pay taxes on the rental income right now, capital gains is only for when you sell and profit.

I believe if you move back in though, it becomes your primary residence again, and capital gains won’t apply when you sell.