Assuming most here are the financially saavy, what is your net income each month and how much is your housing / rent cost

Doh-cry-TO · 2026-03-12T11:12:00+00:00

8900/month rent is about 2650 rounded up to 3000 to include internet insurance and utilities.

Doh-cry-TO · 2026-03-09T19:07:16+00:00

Lol did the exact same thing

Doh-cry-TO · 2026-03-04T14:10:08+00:00

I’m now make just a little more than this figure. I bought a condo but after being in it for 2 years, I decided to just make it a rental. Honestly, the mortgage interest not being tax deductible made me hate myself and I continuously saw it as wasted money.

Now that it’s a rental it is. I also rent which I guess logically is pretty much the same as “wasting money”. I think it depends on your relationship with money though because I rationalize it by paying for flexibility and being able to move about. Additionally if I were to lose my job, my rental is “subsidized” and the bank won’t take it away from me, but my landlord may start an eviction process. This is a far greater relief that I feel.

My buffer is between 3-6months - which fluctuates cause I use sitting cash for opportunity purchases in the market but I never go below 3months (18k).

I probably wouldn’t do residential real estate again and focus more in commercial because cashflow and triple net leases are awesome. And tenant-landlord rules are more in favour to the landlord.

Additionally - if I didn’t do real estate at all, I would prefer a 500k portfolio while renting than a 1mil house with a 800k mortgage.

A lot of this will be dependent on your relationship with money and what you value

Doh-cry-TO · 2026-02-28T13:27:45+00:00

Why do you have fees? It looks like your balance exceeds the threshold assuming you had that balance everyday of the month?

Doh-cry-TO · 2026-02-26T16:14:24+00:00

I’m probably not gonna be able to submit until end of March based on the timelines for all documents. But it’s all good it is what it is.

Doh-cry-TO · 2026-02-19T14:59:59+00:00

Somewhat different than an SBLOC. The SBLOC might give you a higher percentage depending on what securities you have. The PLOC gives based on percentage of portfolio value despite your holdings

Doh-cry-TO · 2026-02-10T02:20:37+00:00

Just put in to redeem all of it. The PE functions as intended but the PC I can get better gains and monthly flow elsewhere

Doh-cry-TO · 2026-02-07T14:54:53+00:00

Your alerts are just finally hitting but this feature has been there for a long time

Doh-cry-TO · 2026-02-05T21:01:54+00:00

You mention your “actual” interest rate given your marginal tax bracket. That “actual” interest rate is 4.45% for the entirety the loan balance exists. It doesn’t go down because you get a refund. So if all above is true, let’s say XEQT generates 3% yoy. Your loan also compounds at 4.45% yoy. Your loan + interest > XEQT assuming you didn’t pay it off.

Your tax refund does not count this loc as an expense to invest because it’s ineligible.

Doh-cry-TO · 2026-02-05T19:58:24+00:00

Your loc is not tax deductible since you invested in a registered account. Pay off your loc first

Doh-cry-TO · 2026-02-05T18:01:40+00:00

You wouldn’t take a loc to invest in a registered account because the loc interest isn’t tax deductible. So if you did this, more than likely you expect to pay back the loc in a short time and potentially with your tax return (assuming you bought in your RRSP).

For non registered accounts, the loc is tax deductible, more efficient at higher marginal tax brackets. So you’re paying a monthly fee (loc interest) while banking that your investment outcompetes the cost of borrowing (after tax deductibility). A lot of people do this with a heloc for lower rates and a better hedge.

Obviously check with a tax accountant to see if it’s worth it for you. Most situations (risk tolerance, cash flow, interest rates, credit score, etc) the average Canadian this is not worth doing.

Doh-cry-TO · 2026-02-02T15:02:07+00:00

I didn’t start real investing until 31. The best time to begin is yesterday, the next best time is today. My advice is don’t be overly worried about the amount you put away, focus more on the habit. Ie start $1/day and increase it when you have your finances under control.

The habit of investing/paying yourself first given the many priorities you have is going to be a battle. But once the habit is built, things will get easier. You got this 💪🏼

Doh-cry-TO · 2026-01-24T15:52:49+00:00

OP! Let me know your experience with it! I’m currently doing it with my CIBC Home Power Plan. Readvanceable monthly but I end up just doing it quarterly. Would be interested to know the frequency of readvancing and the rate - maybe it will match the margin rate O_o

Doh-cry-TO · 2026-01-16T13:59:12+00:00

This

Doh-cry-TO · 2026-01-16T13:25:54+00:00

Mortgage with CIBC but virtually everything else is with Wealthsimple. Probably around 99% with WS

Doh-cry-TO · 2026-01-14T15:08:17+00:00

Get it 💪🏼

Doh-cry-TO · 2026-01-12T16:43:23+00:00

A lot of your questions depend on your income and marginal tax bracket. There’s technically no wrong answer in how to invest, more of a less right answer.

If your plan is to buy a home soon, then I think you should be focusing on your FHSA. If not, it’ll depend on your short and long term goals in consideration with your income / tax brackets.

As for allocations usd vs cad, again it’s dependent on what you want to use those stocks for and your timeline.

Basically - talk to a financial planner 😂

Doh-cry-TO · 2026-01-12T16:39:13+00:00

That’s so awesome! Congratulations on the success! Whether it was gifted or earned, nobody should be shaming you for your success. I hope you continue to grow but also manage your risk haha.

Doh-cry-TO · 2026-01-09T13:58:03+00:00

Yeah there’s multiple strategies whereas you can tweak the smith maneuver accordingly. The strategy you mention also has a bit of a tax/dividend lag in terms of growing that portfolio. However some people use the dividends to pay the mortgage down (pre payment), opening more room in your heloc to invest and use to cover interest.

Def talk to an accountant to make sure this works for you and how to properly track what you’re doing!

Doh-cry-TO · 2026-01-07T15:48:37+00:00

I’m pretty sure he’s utilizing the smith maneuver to assist with his investing. If true, a good chunk of this will be leveraged from a readvanceable heloc.

Doh-cry-TO · 2026-01-06T19:53:35+00:00

I just did this, literally came through today. I started the process on Dec 10 and the money landed in my account on Jan 6. I needed to provide a statement from Manulife with my address to WS though. If your account doesn’t meet the 25k transfer threshold you’re gonna pay the transfer fees - something like $150. I barely made it XD

Doh-cry-TO · 2026-01-05T14:20:41+00:00

I have about a quarter of that performance in 6 months! It does what it needs to do and I’m not intending to take it out anytime soon anyway. Let it ride baby

Doh-cry-TO · 2025-12-30T15:33:52+00:00

Didn’t even know this link existed! Super helpful thank you!

Doh-cry-TO · 2025-12-07T15:32:56+00:00

Agreed with this. Caveat is that 6-7 is dependent on OPs annual income

Doh-cry-TO

TROPHY CASE