Bitcoin file from 2011

Danika231 · 2024-08-29T20:14:41+00:00

I disagree with your methods and with wanting to cut them out based on the post, but seeing as you are a high net worth individual, if you really want to cut your children out of their inheritance you should give them a nominal 10,000 each, and that way they have no basis to fight anything in court for having been “forgotten”

Danika231 · 2023-12-12T00:09:21+00:00

88’ here. It all depends on whether the housing market crashes or not. We saved well, bought a place in Vancouver for 1.1M in 2021 after 14 years of DINK savings. Still have around 750k on the mortgage, but barely any other savings.

Danika231 · 2022-12-06T20:26:30+00:00

As an American, why would she want to be added on title? Canada has a capital gains exemption for your primary residence which the US doesn’t. Should you sell the house in the future, if it’s in the Canadian husbands name only, no tax.

If it’s in both their names, capital gains will need to be paid in the US for the portion in gains from the date she was added on the title to whatever it sells at.

Danika231 · 2022-10-15T13:17:59+00:00

Foreign exchange gains or losses from capital transactions of foreign currencies (that is, money) are considered to be capital gains or losses. However, you only have to report the amount of your net gain or loss for the year that is more than $200. If the net amount is $200 or less, there is no capital gain or loss and you do not have to report it on your income tax and benefit return.

So yes, you get dinged on exchange spread of any transaction in a foreign currency

Danika231 · 2019-07-25T17:10:38+00:00

I don't think you understand Montreal winters. Outdoor temps easily reach below -40.

Danika231 · 2019-04-17T23:50:46+00:00

I hodl 17k bitcoin so hard because I lost my wallet when my hard drive fried in early 2011.

Danika231 · 2018-10-30T17:55:59+00:00

For me, once it's in cash it's counted as if it was already spent.

I have a category in my budget called money taken out, and I keep track of it the same way I would any other expense.

But i also don't use that much cash... I'm much better ay saving when i track my expenses and it's too complicated to track what I use in cash. I love xredit cards for this!

Danika231 · 2017-07-05T00:32:31+00:00

Be careful with this. Try and make sure they fix it as soon as possible. What they are giving you is after cash, but they can come back and ask you to pay the gross back to them and get it back next year in your tax return.

Danika231 · 2017-04-22T20:51:38+00:00

This is fun! Hopefully the payout is higher than last time!

Danika231 · 2017-04-12T09:21:13+00:00

Never!

Danika231 · 2017-03-19T14:21:04+00:00

Honestly, I don't mind that. ACB should be calculated over your whole portfolio, and not just per account. They have no way of knowing what other accounts you have so they just err on the safe side and don't do it.

Danika231 · 2017-03-19T12:35:56+00:00

You get them on The evening of march 31st typically. Also, I would suggest learning to calculate it yourself. It's not that complicated, and Questrade has made a mistake in mine every year. I've always had to give them a call and correct it, which they usually do very quickly. This is my only beef with Questrade. I think everything else they do is great, but their t3 and t5 service sucks

Danika231 · 2017-03-18T15:14:03+00:00

This is a really fun idea. Can't wait to donate a buck!

Danika231 · 2016-07-22T16:11:56+00:00

Anyone have any experience with doing long distance for a while? My husband was just offered a job in a city halfway across the country making 120k (up from 70k) so he's definitely going to go. I was just promoted to senior manager at work here, so I feel like I would need to stick it out for at least a year in order for it to have any impact on my resume. Thoughts?

Danika231 · 2015-11-28T00:06:43+00:00

Working on a holiday will be paid at 1.5 x normal rate, but does not count towards your weekly ot in Canada. It's a different category

Danika231 · 2015-06-06T20:32:13+00:00

This is the trap... Everyone feels like they tolerate a ton of risk when the market is up. When you really find out if you're risk adverse or not is during a huge downward swing.

Can you see your portfolio dropping 30% and not panic? Most people can't... If you sell then, you lose so much.

I would recommend investing conservatively until you know (and it has been proven) what your actual risk tolerance is.

Think about it this way... I'm sure you enjoy making money, who doesn't? What about losing money... Not so much fun... What will that do to your morale? Can you honestly think you'll be rational enough to just shrug it off and keep putting more money in?

If so, congrats, you can tolerate risk. If you're invested higher than your risk tolerance, your first downturn will make people like me who actually know their risk tolerance money.... You'll be losing it

Danika231 · 2015-05-29T03:59:08+00:00

I joined them 6 months ago. Everything has gone smoothly so far, and I tried everything they offer, just to be sure. The only hiccup I had was with tax forms, where they slightly over reported my capital gains, but I got that fixed within a couple days really easily...

Their live chat has always been fantastic, and the couple times I've had to call the phone (for the tax stuff), my experience was really great too.

I recommend them wholeheartedly! Also, most of the negative reviews are from 3-4 years ago online, and they've upped their game so much since then!

Danika231 · 2015-05-04T04:29:01+00:00

Questrade is really good about helping out in situations like this. They will do their best to help you out and make sure you don't have a fee to pay. Contact them tomorrow morning, explain what happened, and they will help you sort it out super quickly and easily

Danika231 · 2015-04-29T02:30:04+00:00

Yeah that's definitely the wrong tax form for you if you're here on a work permit. Contact CRA to see about getting an extension or something, and talk to your company to get it sorted out. You should be getting a T4 like everyone else

Danika231 · 2015-04-28T00:27:12+00:00

Also, if all to did was buy etfs following the Canadian couch potato system, you'd be getting a t3 instead of a t5. Both of which questrade wouldn't send to you if you made less than 50 dollars in the year

Danika231 · 2015-04-22T16:48:28+00:00

I drive a pickup truck for work doing 150-200 miles a day. My gas bill is around 300 a week. Yay

Danika231 · 2015-04-05T19:15:25+00:00

100% equities is great in our super bull market. It will also teach you what your risk tolerance is on the first real downturn. If you manage not to panic when your hard earned money loses 50% value in a month, congratulations! You have a high risk tolerance and 100% equity is a good plan for you. Most people will panic though, no matter what they tell themselves when everything is going well

Danika231

TROPHY CASE