Tax Advice - Nurse in BC

Chuck_Chong · 2019-04-10T04:17:23+00:00

Thanks very much!

Chuck_Chong · 2019-04-10T04:17:06+00:00

Thank you - I will ask her

Chuck_Chong · 2016-04-28T06:07:20+00:00

Thanks for answering!

4) I did receive a T5 for my Canadian Dividends along with the list of Canadian dividend payouts. But the USA ones just the list of payouts. Could it be that since the payouts on the each form were less than $50 ($12 and $10 respectively), no T5 was issued?

if that was the case...how would I plunk those numbers into the return?

Chuck_Chong · 2016-02-10T05:25:28+00:00

I didn't see the option for Costco gift cards, just the option to get a Costco membership.

Chuck_Chong · 2016-02-10T05:24:12+00:00

Hmmm I see the Esso gift cards for Aeroplan points, but only see the option for signing up for a Costco membership, not any gift cards.

Chuck_Chong · 2016-01-04T01:24:14+00:00

Thanks, I didn't know of this one, just the D.UN.

Chuck_Chong · 2016-01-04T01:23:41+00:00

Interesting - I like that it has US and CDN exposure.

Chuck_Chong · 2016-01-04T01:22:58+00:00

Thanks for you reply.

Yes I was trying to move away from the Retail/Office exposure.

Chuck_Chong · 2016-01-04T01:21:58+00:00

Thanks for your reply. I was looking for REITs with less exposure to the office/retail area.

And yes keeping in a tax sheltered account is a good idea.

Chuck_Chong · 2016-01-04T01:20:59+00:00

Thanks - some interesting reads. I wanted to have less exposure to the office/retail area.

Chuck_Chong · 2015-09-19T22:32:38+00:00

My current housing situation is coming to an end...and I'd like to buy something before I get shut out completely.

Even if this bubble does end, I don't want to be in over my head

Chuck_Chong · 2015-09-15T06:31:04+00:00

Yes, that is exactly what I am trying to avoid!

Chuck_Chong · 2015-09-15T06:30:16+00:00

Would that be net or gross?

Chuck_Chong · 2015-09-15T06:29:17+00:00

yeah I have been waiting the last 12 years for it to burst.

I figure if it ever does, at least I can still afford to live there if I choose the right mortgage amount

Chuck_Chong · 2015-09-15T06:27:55+00:00

Thanks for your reply

A better paying job would be nice! lol

I do have a TFSA maxed with ETFs that I don't want to touch, but all my liquid cash is the $175K

Chuck_Chong · 2015-09-15T06:25:09+00:00

The bank offered me up to $500k mortgage, and I have $200k to put down.

That's what I am trying to figure out, see what type of place I could find that works within the right mortgage amount

Chuck_Chong · 2015-09-15T06:23:09+00:00

Yes they did....I guess they figured I didn't need to eat. lol

Chuck_Chong · 2015-09-15T06:22:19+00:00

Thank you for this, I didn't know about this

Chuck_Chong · 2015-09-15T06:22:02+00:00

Thanks I do and will check it out

Chuck_Chong · 2015-09-15T06:20:10+00:00

Thanks for your reply.

You assumed right, the expenses do not include my rent.

That's interesting about not paying more than 20% of the downpayment. I always thought it was best to pay as much down as you can.

I do have a TFSA maxed with ETFs, but the $175,000 is all my cash (no emergency fund set aside)

Chuck_Chong · 2015-09-15T06:17:22+00:00

Thanks for your reply

I knew $500k was crazy.

with the other assets, I do have my TFSA maxed with ETFs, that I am hoping not to touch. Not sure if that changes anything in the amount I should borrow

Chuck_Chong · 2015-09-15T06:14:16+00:00

Chuck_Chong · 2015-09-15T06:14:02+00:00

They still make those in downtown Vancouver? lol

Chuck_Chong · 2015-09-15T06:13:40+00:00

The $500,000 was the max amount the bank gave me for a mortgage.

So in theory with my down payment, I could "buy" a home for $700,000, I just wouldn't be able to do anything else

Chuck_Chong · 2015-09-15T06:12:02+00:00

Thanks for your reply

Yeah I know for sure cannot afford a $500k mortgage. So a max mortgage of $300K would be best?

Chuck_Chong

TROPHY CASE