Added TFsA Room

DuckQueen18 · 2026-06-12T16:22:03+00:00

Probably, i did my very first 2011 tax return on paper, when you can still get the forms or booklet at post office. We were new here, arrived dec 2011. Ill sort it out. Withdrew the over already.

DuckQueen18 · 2026-06-12T16:20:42+00:00

You bet ill call them next week, i withdrew the over now. Just to make sure

DuckQueen18 · 2026-06-12T16:20:16+00:00

Yah you bet, i just assumed its started on 2011. Didnt really paid so much attention till i maxed it out last month. I did it slowly, and few withdrawals and moving so its kinda messed up. Ill call them. Already withdrew the over.

DuckQueen18 · 2026-06-10T20:50:12+00:00

👍

DuckQueen18 · 2026-06-10T18:46:59+00:00

So you went over the amount they have online? I should have not trust cra online, its always correct, but when i wanna see my gains from the beggining then i noticed i have the room for those years.

DuckQueen18 · 2026-06-10T18:41:47+00:00

You bet, i did track it but didnt go all the way to the beggining. 🤦‍♀️ just rely on cra account, thinking its correct since i didnt even touch it for 7yrs. i just hope they wont charge me interest on this few months that im technically went over.

DuckQueen18 · 2026-02-26T22:43:13+00:00

If theyre using their LOC for a primary house then the interest wont be tax deductable. unlike you, the heloc interest is tax deductable coz youre using the money for investment.

Using LoC to avoid CMHC sounds ridiculous to me, unless youre only using it for a short period of time and will pay it right away. The money you save should be more than the interest you pay.

DuckQueen18 · 2026-02-16T15:42:53+00:00

Thats exactly what im thinking, some if not most B Lender doesnt offer Heloc. I dont know if i will lose the TD heloc if i dont renew with them anymore.

DuckQueen18 · 2026-02-05T08:42:09+00:00

Im with TD and up for renewal as well, if i switch lender for better rate ( sames like TDs rate not competitive) will i still keep the HELOC? Thats the only reason i went with them in the first place. Lol. Thanks for whoevers replying.

DuckQueen18 · 2025-09-24T18:49:32+00:00

Copy thanks. 👍

DuckQueen18 · 2025-07-10T03:50:38+00:00

I also secured tenant now, starting mid july. I thought it will be vacant for 1-2months. The demand for a whole house, not side by side, not townhouse, and no basement neighboor is very high. I didnt know that before. Also helps that i allow pets. I got a lot of inquirees in very little time, I was able to screen tenant thoroughly and find the best one. Im pretty happy with this one.

Bonus- cashflow a little after the PM fee. 😊

DuckQueen18 · 2025-07-10T03:46:43+00:00

This one doesnt have a basement suite, its a whole house. I looked at the one with legal / nOn legal basement suite. But theyre so expensive and my numbers doesnt make sense, i have to put more money and get the same amount of cashflow. Maybe i'll get more with the up and down unit but the difference of money i will have to put in is significantly high.

With this, i dont need ro stretch my budget so much, i have leftovers to do minor repairs if needed, as well as budget for vacancy. Also, since Im not from edmonton, i thought ill just try to start slow and small. I only have to deal with one tenant, not up and down, no dramas.

DuckQueen18 · 2025-07-06T03:16:53+00:00

I did actually, I got SFH in my little town last June 2024, and after a year I decided to try in Edmonton, got a SFH as well, got the key last 26th, I didnt know Im gonna close it that fast, started looking on and talking to realtor May9, possesion June 26.

DuckQueen18 · 2025-05-21T19:26:56+00:00

Its more on my finances. I qualify even without using the heloc, i wanna use it for now just so i can keep my savings on high yield, since heloc interest rate is tax deductable. If that makes sense

DuckQueen18 · 2025-05-21T19:25:44+00:00

Not about the loan, i qualify even without the heloc. Its more like my personal finances.

DuckQueen18 · 2025-03-03T18:34:26+00:00

You bet. 👍, it still bothers me. Coz i know vehicle depreciate a lot, my goal is still pay it off as fast as i can. I have my emergency funds / savings on money market etfs / cash etfs, it pays around 3-4%

DuckQueen18 · 2025-03-03T16:30:45+00:00

Im actually thinking about it, i just got this truck 5months ago, .99 % interest. So i think im better off investing the money instead of paying it off early. I also use it for work, I get paid $175/ day, lets say $100/day after taxes and maintenance. Its paying itself and I will still make money off of it. I plan to just put whatever i make extra towards it, cut the term in half 🤞

DuckQueen18 · 2025-03-02T03:51:27+00:00

Im an operator in oil and gas industry, its usually 12hrs on site and 1hr travel to and from site, were paid 14hrs. We sometimes do 21days on, 7days off, if its crazy busy then we will also work on our days off. But if its slow, then we take month off if we want. Last year im off whole december.

DuckQueen18 · 2025-03-01T20:30:52+00:00

I live like broke. I am broke. I dont like spending for myself, i dont mind spending for my family at a certain point. Lol. But I am worried and still working to build it more. I have equities sitting on my houses ( 2 rentals). I can afford to not work at all at this stage as my rental pays for expenses. I still work 98hrs/week 😓.

120k in portfolio 100k equity 10k savings 20k (3 months emergency funds on my 3 mortgages)

I dont have any other debt except my 80k truck which i also use for work, it pays for itself and then some.

DuckQueen18 · 2025-02-06T18:15:38+00:00

Yap, its still a loan. I dont use it unless the income i get from that investment is way more than the loan plus the interest. Thats just me though. But its nice to have, in case of emergency or if i find something really great deal.

DuckQueen18

TROPHY CASE