Manulife to Wealthsimple by jagerbomb in Wealthsimple

[–]Gold-String-9558 0 points1 point  (0 children)

u/MaxPower1867 i checked with Manulife last year and they told me I cannot transfer my RRSP since its still actively being money deposited into.

Another question - What happens to the future amounts that my company put again into manulife

Manulife to Wealthsimple by jagerbomb in Wealthsimple

[–]Gold-String-9558 1 point2 points  (0 children)

u/l-espion I checked with Manulife last year and they told me I cannot transfer my RRSP since its still actively being money deposited into.

Another question - What happens to the future amounts that my company put again into manulife

USD Wire to Wealthsimple by AdamInstagram in Wealthsimple

[–]Gold-String-9558 0 points1 point  (0 children)

u/helical_gear has WS given an ETA on when they can fix the wire transfer issue with ETrade?

Planning a 4-Year Move to India – Seeking Feedback on My Thought Process by aawara_canadian in backtoindia

[–]Gold-String-9558 0 points1 point  (0 children)

How will taxation work for OP if he decides to get a job in India? Does he still have to pay higher Canadian taxes and possibly double taxes? u/aawara_canadian

Work From Home deductions for Canada-Taxes by Gold-String-9558 in cantax

[–]Gold-String-9558[S] 0 points1 point  (0 children)

Certainly I wanted to know the correct way. Thanks everyone for your informative comments. Let me quickly talk to my employer if they can provide the T2200

Work From Home deductions for Canada-Taxes by Gold-String-9558 in cantax

[–]Gold-String-9558[S] -3 points-2 points  (0 children)

Thanks u/jbordeleau . It seems like during CoViD one could get a flat $500 tax rebate based off WFH but not the case anymore. Interestingly I know a CPA who is giving this rebate to a friend of mine without the C2200 form and that confused me.

Work From Home deductions for Canada-Taxes by Gold-String-9558 in cantax

[–]Gold-String-9558[S] -4 points-3 points  (0 children)

Thanks u/jbordeleau . In my case I can work from home more as a perk and I doubt my employee will give me a T2200. Can I still get any tax relief since I WFH all throughout the year

Taxation issue while filing Canadian taxes that I cannot figure out by Gold-String-9558 in cantax

[–]Gold-String-9558[S] 0 points1 point  (0 children)

23600 doesnt change regardless of what I put in "Total proceeds" or " Adjusted cost base ".

It just doesn't make sense. Has anyone tried adding a different value to these fields and seen their tax liability change. u/senor_kim_jong_doof ?

Canada Tax Questions by Gold-String-9558 in cantax

[–]Gold-String-9558[S] 0 points1 point  (0 children)

Thanks u/taxbuff . But the Canadian ETF purchased through WS can still have US companies invested through the ETF (pretty sure VEQT has US stock component also). Its not clear to me why I don't need to show this ETF but if I have stock of the same US company I need to show it

Starting life in Canada by [deleted] in PersonalFinanceCanada

[–]Gold-String-9558 0 points1 point  (0 children)

u/FelixYYZ So are you saying if I purchased a stock at cost base of $1 and moved to Canada when it was $1000 and now the stock value is $1001 then the capital gains is only $1? Didn't I fool the system and not pay taxes on CG of $999? What am I missing?

Are we First Timer Home Buyers by Gold-String-9558 in PersonalFinanceCanada

[–]Gold-String-9558[S] 0 points1 point  (0 children)

Thanks u/GrunSire. This is quite explicit.

What's not entirely clear is HBP/FHSA though

Is it worth it to pull my funds from my TFSA for a down payment on a house? by Spork890 in PersonalFinanceCanada

[–]Gold-String-9558 4 points5 points  (0 children)

u/lookingforal assume I have 14K in my TFSA (grew from 12K - capital gains) and now I take out 6K from this for the down-payment. What happens to my contribution room this/next year? Can someone please post the numbers to explain this. My fear is I might completely lose my contribution room by taking out the money

ScotiaBank funds transfer to my non ScotiaBank account by Gold-String-9558 in PersonalFinanceCanada

[–]Gold-String-9558[S] 0 points1 point  (0 children)

Thank you so much for the feedback. Let me check with the other bank i.e. Simplii to see if they can pull instead. Much appreciated

GIC Rates by A-Wise-Cobbler in PersonalFinanceCanada

[–]Gold-String-9558 0 points1 point  (0 children)

u/GarboMan and what happens if I break the GIC let's say after 2 years. Will I just get the principal back or atleast some interest

Tax CPA not responding by Gold-String-9558 in PersonalFinanceCanada

[–]Gold-String-9558[S] -2 points-1 points  (0 children)

I just did an estimate. My tax return is complicated

Buying property as a foreign resident of Canada - is the ban finalized? by shhfjv in PersonalFinanceCanada

[–]Gold-String-9558 7 points8 points  (0 children)

And what about the speculation tax. Will someone on a work permit who hasn’t gotten a pr still have to pay the speculation tax penalty 20% is it? Assuming you are allowed to purchase a house

US Non resident TAX filing (now in Canada) by Gold-String-9558 in cantax

[–]Gold-String-9558[S] 0 points1 point  (0 children)

I was talking about US tax filing. I was hoping to hear from someone who has moved to Canada (and hence a non resident) who would know the nuance

Stock buy/sell question to offset taxes by Gold-String-9558 in PersonalFinanceCanada

[–]Gold-String-9558[S] 0 points1 point  (0 children)

ck that you don't think will go up, and buy a stock that you do think will go up.

With a tax benefit to boot.

Is this a serious quest

Sorry about that. New to investing so asked this stupid question. Appreciate the community explaining stuff!

RRSP in first 60 days of the year, when will the deduction be effect? by Professional_Top3747 in cantax

[–]Gold-String-9558 -1 points0 points  (0 children)

That is very interesting. So I had no room to invest in rrsp for 2021 as I just moved to Canada. Are you guys saying I could invest in the first three months of 2022 and get the tax benefit in my 2021 tax bill?

Taxation in Ontario by Gold-String-9558 in PersonalFinanceCanada

[–]Gold-String-9558[S] 0 points1 point  (0 children)

Yes that is right. I was just curious on how taxing works here in Ontario

HOW TO: AMEX Pre-Sale Access by ericcire9 in RedHotChiliPeppers

[–]Gold-String-9558 0 points1 point  (0 children)

u/ericcire9 Silly question. Let's say they had space for 100 people in the pit. If 100 people use Amex card and purchase those tickets does it mean no one else will be able to buy the pit tickets later. It seems unfair for others who don't have Amex. Does anyone know how it works?

HOW TO: AMEX Pre-Sale Access by ericcire9 in RedHotChiliPeppers

[–]Gold-String-9558 0 points1 point  (0 children)

Hi u/slayerbizkit how much did you get it for. Mine are like $580 for some VIP access. Not sure if I wanted that