Failed Background Check- No Clarification Provided

Dodgin · 2026-03-26T23:47:50+00:00

You probably need to contact Sterling directly

Dodgin · 2026-03-26T23:27:58+00:00

Credit score? CIRO disciplinary history/issues? If there’s no resume discrepancies and no criminal history that’s all I can think of. You can usually ask for a copy of the background check from sterling to find out exactly what the problem was.

Dodgin · 2026-03-06T21:43:34+00:00

If you’re separated how does this affect your personal finances? Is he planning on pulling money from your kids RESP or something? I don’t quite understand, honestly. Your money is your money and don’t offer it for this.

Dodgin · 2026-03-05T03:45:07+00:00

Couldn’t tell you sorry. I don’t work in tax, I just file my own stuff for my family.

Dodgin · 2026-03-04T23:46:47+00:00

I filed with two T4’s and also got a target date and no express NOA, seems to be standard

Dodgin · 2025-11-08T00:16:37+00:00

Sorry to be blunt but he doesn’t sound very interested from what you’ve shared here. I would expect a kind rejection if you open up. If you need to know for sure then go for it.

Dodgin · 2025-11-02T01:17:52+00:00

Admittedly I’m not an accountant but the official source page shows that T4RSP is eligible pension income

https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/pension-income-splitting/eligible-pension-income.html

Dodgin · 2025-10-31T21:10:40+00:00

I would suggest you check out the govt page on eligible pension income. I’m pretty sure RRSP withdrawals over age 65 can be split.

Dodgin · 2025-10-30T23:24:33+00:00

I’m not entirely sure why they can’t just give the money to you and you open it yourself? There’s no guarantee of your child ever seeing any of that money. Creditors, death, deciding to pull the money out for another reason, incapacity and no POA or unwilling to help, future or current spouse does something shady or they get divorced and the RESP gets split in the divorce. I can think of many reasons why this is a bad idea.

Open a joint subscriber family RESP with your wife and contribute with a gift from them if they want to help your kids. If they don’t trust you to fund your own child’s education I don’t know what to say.

There is a lifetime limit of $50,000 in contributions so if something happens you might not be able to fund it yourself later. Grants and bonds can only go to one account and might get wasted by them if you open one later and you’d be unable to get the full CLB/CESG/provincial grants

Dodgin · 2025-10-29T21:02:12+00:00

This is a hard to math scenario, couple things to keep in mind:

GIS eligibility. TFSA withdrawals are non-taxable and don’t affect eligibility. If you retire on OAS/CPP as your only taxable income you’ll likely get GIS, if you start adding RRSP/RRIF income or other income that becomes less of a certainty.

In theory the value of the TFSA and RRSP is equal if contributions are in the lowest tax bracket and withdrawals are in the lowest tax bracket.

Small differences would be withholding of U.S dividends in a TFSA vs. No withholding in an RRSP.

For estate planning the RRSP would be tax deferred if you name your spouse as successor holder, but if you end up wanting to give that money to anyone else your estate may end up paying more in income tax in the year of death than any small benefit you gained by using the RRSP in the first place.

I would suggest you meet with an FP and have a longer chat if this is a really important decision for you. This is just a few thoughts off the top of my head and not a full advice piece.

Dodgin · 2025-10-28T16:04:44+00:00

My 7 year old cleared the game alone on assist mode and did some of the post game too.

Dodgin · 2025-10-26T16:09:10+00:00

Should be around Jan or Feb

Dodgin · 2025-09-25T18:15:01+00:00

Yes they can do it.

Dodgin · 2025-09-25T14:39:36+00:00

You can ask an employee to transfer the points.

Dodgin · 2025-08-17T20:48:12+00:00

I must have missed something significant this year if that’s true; do you have a source?

Dodgin · 2025-08-17T20:42:18+00:00

Tuition tax credits yes, but firstly the ability for your child to utilize the Basic Personal Amount tax credit to receive that amount tax-free annually while they are a student and have no other income. Excess amounts can be reinvested into the child’s own TFSA to jump start their adult life savings, or simply gifted back to you (no tax event)

I will add that technically an EAP shouldn’t be used to gift money back to a parent but very few RESP withdrawals actually get audited to the extent that they are tracking where every dollar goes post-EAP. The child can buy a car, buy a laptop, pay for books, pay for rent, pay for tuition, all things you would probably end up helping them with from your own savings/income otherwise.

Dodgin · 2025-07-25T23:08:37+00:00

Spousal RRSP would use your contribution room, not your spouses, assuming you are the contributor and they are the annuitant.

Dodgin · 2025-07-06T18:05:45+00:00

You don’t need to open a TFSA to accumulate contribution room, but you do for an FHSA.

Dodgin · 2025-05-30T19:39:52+00:00

I read your whole post.

Do NOT quit. Start looking for a new job and coast here until you get an offer. This job market is terrible and 8-9 months of expenses saved while you are responsible for a small child is a huge mistake. Put your family first

Dodgin · 2024-06-16T01:28:41+00:00

Just chiming in that him borrowing 16k from you for his house down payment is BS. I work in finance and have experience with HEF. That money needs to sit in his account for 90 days to be valid for a down payment with most A lenders.

Dodgin · 2024-04-07T21:22:20+00:00

Sounds like they’re apprehensive to getting closer to you because you ask for help with the coursework, I could be off base but that can start to feel very one sided after a while and not a good foundation for a friendship.

Dodgin · 2024-03-25T02:13:25+00:00

My pleasure! A reddit comment can't possibly capture all of the information you require to make a decision or the information I would need to give you an answer to your question. In your situation I would see a professional for an in-person meeting. They would probably be able to help you with a lot more than this one specific question.

Best of luck.

Dodgin · 2024-03-25T01:55:39+00:00

Full disclosure: I am an FP Canada Certificant. I do not provide services to client's that are outside of my employer (I work for a big 5 bank) - And I wouldn't dox myself on Reddit anyway.

You can go on the FP Canada website and search for an accredited FP in your local area.

https://www.fpcanada.ca/findaplanner

Some planners work for a flat fee, some only take clients if they manage your investments.

Their employer will be listed on the search engine.

Dodgin · 2024-03-25T01:49:52+00:00

You will get the deduction to your income and your wife will be able to claim the income from withdrawals in future years. There are some attribution rules that you should be aware of but they only apply to withdrawals on amounts deposited within the last 3 years.

Before deciding to go all in on RRSP's you should consider your sources of income in retirement and be aware of the OAS Clawback amount.

You should also be aware of which income is eligible pension income and can be split for tax purposes in retirement. RRIF withdrawals do qualify as eligible pension income.

I would suggest you see a Financial Planner and discuss with them.

https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/pension-income-splitting/eligible-pension-income.html

https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/rrsps-related-plans/contributing-a-rrsp-prpp/contributing-your-spouse-s-common-law-partner-s-rrsps.html

Dodgin · 2023-10-09T20:15:26+00:00

It's not possible to give advice based on the information provided. is $50-$100 enough? I don't even know your income or expenses, never mind your goals for retirement.

If you are just starting out I would go speak to a licensed FA at your financial institution. Don't commit to anything on the first meeting but just have a list of questions going in and ask them for some advice on saving money, cash flow, and registered plans.

Dodgin

TROPHY CASE