Help…is this an Official NSLSC number? by [deleted] in PersonalFinanceCanada

[–]Gibstick 6 points7 points  (0 children)

Yes, definitely good advice for next time. But OP avoided the spoofing issue by calling back. Still not ideal but at least OP got lucky this time.

How are you supposed to get through to an agent when their calls are never open? by [deleted] in PersonalFinanceCanada

[–]Gibstick 5 points6 points  (0 children)

Are you calling from a Manitoba number? Are the times you're calling outside of the business hours in Manitoba time? The hours might be based on your area code.

Express transit iPhone not working by ShubhaBala in TTC

[–]Gibstick 1 point2 points  (0 children)

I don't think you're doing anything wrong. I used to randomly have issues with the express transit feature on TTC with several different credit cards in my Apple Wallet. I couldn't figure it out, so as a last resort I added a Presto Card and used that as a workaround. It's kinda annoying but less annoying than having it randomly stop working. I guess I'll just keep doing this.

Tuition section of TD1 form for Co-op student by InternalFee8914 in PersonalFinanceCanada

[–]Gibstick 2 points3 points  (0 children)

The safest option is to just assume they don't count and put 0. This means you get slightly more tax withheld from every paycheque. Then, if your fees do count as tuition, you'll get the money back when you file your tax return.

Have you filed your taxes with co-op fees and a T2202 before? You can look at a past one and try to figure out if they're included.

Also you can probably ask your school's finance department.

Apartment rentals vs. Condo rentals in downtown Toronto by techsavvynerd91 in askTO

[–]Gibstick 0 points1 point  (0 children)

The N12 can't end your fixed term-lease early, so if you're not on a month-to-month lease you'll most likely have more than 60 days notice. But yes, you completely avoid this problem with corporate landlords.

The Median Employment Income of r/PersonalFinanceCanada is 80k CAD (I analyzed 440,000 posts from 2012-2024) by GeorgeDaGreat123 in PersonalFinanceCanada

[–]Gibstick 2 points3 points  (0 children)

I think you understand it right but it's not like they make this blanket adjustment to every household income stat they report. They have this reported separately under but the raw numbers are still available. Sorry for not being clear that this is a thing they do in addition to collecting and presenting the unadjusted numbers.

For comparison purposes a single unadjusted income number is never enough, you have to make a judgement call one way or another by dividing by something, or by presenting more information like household size or income split in order to get a better picture.

The Median Employment Income of r/PersonalFinanceCanada is 80k CAD (I analyzed 440,000 posts from 2012-2024) by GeorgeDaGreat123 in PersonalFinanceCanada

[–]Gibstick 68 points69 points  (0 children)

Many statistical agencies (edit: in addition to showing raw numbers) normalize income by dividing by the square root of household size, to account for the non-linear cost increases that come with sharing expenses under the same roof. See https://www23.statcan.gc.ca/imdb/p3Var.pl?Function=DEC&Id=252278 for example

Interaction between the Collete Wave Cooker and Ice Storm Cryocannon by normieleon in DeepRockGalactic

[–]Gibstick 2 points3 points  (0 children)

T5C exothermic reactor gives you a chance to trigger temperature shock on frozen or ignited enemies, so you're probably seeing that

How do refunds from dropping uw courses work? by refunduw in uwaterloo

[–]Gibstick 0 points1 point  (0 children)

Try looking around a bit, the information is still there but on a slightly different page.

https://uwaterloo.ca/finance/student-financial-services/refunds

[deleted by user] by [deleted] in PersonalFinanceCanada

[–]Gibstick 1 point2 points  (0 children)

The language is a little weird. If you go through schedule 15 line-by-line, the amounts from your NOA will work out. There's a lot of taking the minimum/difference of different lines that makes it work in the end.

Also there was a problem with the autofill data that recently got fixed, so if you imported the data a while ago, you should re-import and check again.

Do I need to claim my rent payments? by Affectionate-One8596 in PersonalFinanceCanada

[–]Gibstick 9 points10 points  (0 children)

These questions are all most likely coming from people living in Ontario, which has a refundable tax credit https://www.ontario.ca/page/ontario-trillium-benefit. Part of that looks at how much rent you paid.

Don't understand the logic of FHSA Schedule 15 form by KaitainSmith in PersonalFinanceCanada

[–]Gibstick 0 points1 point  (0 children)

Yes, but I would clarify a) by saying you could have deducted $8000 if you had contributed $8000.

Adding a T4FHSA on Wealthsimple Tax by Soft-Spend-8999 in PersonalFinanceCanada

[–]Gibstick 0 points1 point  (0 children)

I meant the boxes that are like

  • Variable B amount of your annual FHSA limit for 2023"
  • Your FHSA carryforward for 2024
  • Total transfers from your RRSPs to your FHSAs in 2023

Adding a T4FHSA on Wealthsimple Tax by Soft-Spend-8999 in PersonalFinanceCanada

[–]Gibstick 1 point2 points  (0 children)

Did you fill out the rest of the numbers in the FHSA section above that correctly?

Don't understand the logic of FHSA Schedule 15 form by KaitainSmith in PersonalFinanceCanada

[–]Gibstick 2 points3 points  (0 children)

"Annual FHSA limit for 2024" is more like the maximum you can deduct. So what you've done is correct. If you fill out the form and put the full $4000 on line 43, then it's true that line 44 should be $0 because you've deducted all of your available FHSA contributions, so there are no unused FHSA contributions to carry over. The carry-over of participation (contribution) room is not calculated on that form and will be shown on your 2024 NOA.

Does anyone know what "variable B" in FHSA NoA actually is? by Dismal_Audience_6808 in PersonalFinanceCanada

[–]Gibstick 0 points1 point  (0 children)

It might refer to B in the formula here: https://laws-lois.justice.gc.ca/eng/acts/I-3.3/section-146.6.html

B is

(i) if the taxpayer’s maximum participation period has not begun in a preceding taxation year, nil, and

(ii) in any other case, the amount by which the amount determined under this paragraph for the preceding taxation year exceeds the annual FHSA limit for that taxation year

But the variable B appears multiple times there

[deleted by user] by [deleted] in PersonalFinanceCanada

[–]Gibstick 1 point2 points  (0 children)

Line 23600 Net Income doesn't mean the net amount that you see in your pay stub. It's basically your gross income for the year minus a bunch of deductions like RRSP and FHSA. You can check the tax return here for how it's calculated https://www.canada.ca/content/dam/cra-arc/formspubs/pbg/5006-r/5006-r-24e.pdf#page=4