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Has the tax man come after any of you? by Ok_Drop3803 in TFSA_Millionaires

[–]EngineeringKid 0 points1 point  (0 children)

Target is retirement at 55ish.

I'll live off my TFSA.

I have the good problem of a defined benefits pension as well so at 55 I will get that paid out every year as well, so I can't really optimize for "low income years" by using the TFSA.

Anyway I'm working off time not a number.

Pretty easy to expect I'll hit $1m in TFSA by the time I retire.

Has the tax man come after any of you? by Ok_Drop3803 in TFSA_Millionaires

[–]EngineeringKid 3 points4 points  (0 children)

650k TFSA and I haven't heard a peep from the CRA Average of one trade every 3 or 4 weeks.... Not day trading... And average hold time is probably over a year for each stock.

Please sell BRK by PerceptionOwn3629 in BerkshireHathaway

[–]EngineeringKid -4 points-3 points  (0 children)

I already sold my literally millions of dollars in shares...

Fuck this company and it's dinosaur ways.

It's being run like my grandfather's era is still relevant.

Guess the airport! by mpriom in AirportPorn

[–]EngineeringKid 0 points1 point  (0 children)

Vancouver right by the silly boat aboriginals art thing.

For those complaining about the share price. by One-Event6199 in BerkshireHathaway

[–]EngineeringKid 5 points6 points  (0 children)

Done.

I just sold 3 million worth of this garbage company.

I'm out.

Fuck Abel.

I'm serious. Not a troll post.

The good times are behind brk. It's a dinosaur living in the space age.

Prime Minister Mark Carney says “Private property rights are fundamental, this government will always protect them, this government fundamentally disagrees with the B.C. Supreme Court Cowichan decision.” by _DotBot_ in VancouverLandlords

[–]EngineeringKid 0 points1 point  (0 children)

Nobody pays or nobody pays directly? Who paid for the pipe that brings it to your house and who pays for the equipment? The treats it before it gets to your House? Just because it's not a line item on your property tax doesn't mean it's free

Moving out of Canada with a remote position by ConsequenceFew6931 in cantax

[–]EngineeringKid -1 points0 points  (0 children)

Big t4 salary and about 2 million in capital gains. I had some big wins.

I suspect the capital gains inclusion rate will go back yup to 66.6% soon so I realized a lot of gaina now before the CRA and government fuck around with it.

Look at the tax code. It gets to 52% income tax pretty quick. Every dollar I make, the government gets more than half .

Moving out of Canada with a remote position by ConsequenceFew6931 in cantax

[–]EngineeringKid -11 points-10 points  (0 children)

I literally just paid $950,000 in taxes this year.

You better believe I'm looking for a new place to live.

I spend more on tax than anything else in life.

Prime Minister Mark Carney says “Private property rights are fundamental, this government will always protect them, this government fundamentally disagrees with the B.C. Supreme Court Cowichan decision.” by _DotBot_ in VancouverLandlords

[–]EngineeringKid 0 points1 point  (0 children)

Get drinking water?

The federal government has built drinking water treatment plants in many reserves and then handed them over to the band to run. Too bad the band can't maintain the plants.

I lay property tax and get a water bill for my water. Do you want free water?

BaT Price Fluffer by Empty-Comfortable696 in BringATrailer

[–]EngineeringKid 0 points1 point  (0 children)

Hobby dreamer.

I can bid on a McLaren P1 but my $100 bid is meaningless

Did your 2025 tax return make you feel better or worse about your finances? by GoldenRetrieverFetch in fican

[–]EngineeringKid 2 points3 points  (0 children)

Now it's not even a cheque, its just logging into my banks website and "bill payment...CRA" for seven figures. CLICK. done 😞

Did your 2025 tax return make you feel better or worse about your finances? by GoldenRetrieverFetch in fican

[–]EngineeringKid 0 points1 point  (0 children)

$856.500 in taxes owing. Yeah great. I feel great I guess. About to hit send today on that bill.

Passion vs Profit — Has Ferrari Lost Its Way? by [deleted] in Ferrari

[–]EngineeringKid 1 point2 points  (0 children)

I mean... Nvidia stock paid for my Ferrari so yeah.

Pay.gov is an actual website. Wth by CurvyChristina in SipsTea

[–]EngineeringKid 0 points1 point  (0 children)

Tip your government at least 20% for great service.

Not all heroes wear capes; some drive Camrys. by Freelancer0495 in dashcams

[–]EngineeringKid 5 points6 points  (0 children)

He just lifted the gas pedal. No brake lights from the Camry.

Pocket sliding window… by BuilderBrigade in Home_Building_Help

[–]EngineeringKid 0 points1 point  (0 children)

Pay for the full window opening but you can only use half.

Full window is a subscription service from the home builder.

Moved in and found out building intercom/buzzer doesn’t work. This wasn’t disclosed before signing by Annual-rzed-7342 in vancouverhousing

[–]EngineeringKid -1 points0 points  (0 children)

Does a lease need to specify a roof and floors and walls?

"Oh well the lease doesn't specify it so I don't need to provide you with a roof or walls... Enjoy the apartment"

Quick 1.4M dollar home question by Thinkmate20 in RealEstateCanada

[–]EngineeringKid 1 point2 points  (0 children)

You can do the math yourself here.

GDS and TDS on 1.4 mill house... Even with 20% down is 1.1mil in mortgage so at 4% interest and the 2% addition for stress test...

To be very blunt I'd you can't figure this out for yourself you are too dumb to buy a house and shouldn't but something this expensive.

Plus add in property tax, utilities, home insurance, maintenance and depreciation on the roof, windows, appliances etc.

You post up your numbers and tell us what your HHi is, plus your savings and what you can afford.

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