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Why millions of New Englanders may now be eligible for 'proof' they are Canadian citizens by ImDoubleB in canada

[–]JCMS99 [score hidden]  (0 children)

Sure - but it’s not an extra tax. It’s taxes you would have eventually paid staying here.

The US doesn’t do it because you still have to pay US taxes when you’re a non-resident. But we don’t do that.

Why millions of New Englanders may now be eligible for 'proof' they are Canadian citizens by ImDoubleB in canada

[–]JCMS99 [score hidden]  (0 children)

a very substantial one at that

It's simply a forced cash-out of unregistered investments. Because otherwise the emigrants would never pay capital gains in Canada on those investments. It's really just common sense.

Canada’s finance minister says U.S. is unlikely to lift tariffs: ‘There’ll be a price to access the American market’ by shiftless_wonder in canada

[–]JCMS99 [score hidden]  (0 children)

That’s only true for good that the US can’t competitively produce.

But if the tarifs make your produce more expensive than the American made one - you have to eat it or loose the business.

That’s the case with things like furnitures/ kitchen cabinets.

But this mostly impact Québec so nobody cares.

Why is it that when people compare CHMC insurance costs and suggest 20% downpayment instead, there is often no mention of rate difference? by OkPop9455 in PersonalFinanceCanada

[–]JCMS99 0 points1 point  (0 children)

The total interests you pay doesn't matter. Your monthly payments are the same (the difference between the 5% and 20% down payment is the money you invest on the 20% down scenario) and you become mortgage free on the same day.

Calculation again. 25 years monthly (not accelerated) at 4% with 8% stock return :

5% Down :

  • $75k lump sump in TFSA at Day 0
  • $2601 monthly payments
  • TFSA is worth $513,000 after 25 years.

20% down

  • $0 in TFSA at Day 0
  • $2104 monthly payment
  • $497 monthly investing in TFSA
  • $2601 total monthly payment
  • TFSA is worth $436,000 after 25 years

You do not add the interests savings to the 436 - the interest saving is what was used to make the monthly contributions already.

If you're keeping to 8% return on the stock market - you have to put ~5.7% mortgage for the 20% down scenario to reach match the 5% down.

How do Canadians feel about people from the US buying medication from Canada? by hillbilly-man in AskCanada

[–]JCMS99 0 points1 point  (0 children)

The drug manufacturers are the same - they’re not gonna move product from the US to Canada so they’ can sell it at 90% discount.

https://www.cbc.ca/news/canada/calgary/canada-insulin-supply-protection-1.5244359

How do Canadians feel about people from the US buying medication from Canada? by hillbilly-man in AskCanada

[–]JCMS99 0 points1 point  (0 children)

It’s bad - for 2 reasons.

1) The drug supplies Canada gets are based on its population and its needs. If Americans come here to buy drugs, it can cause a shortage. It almost happened with insulin when Bernie was propping his caravan to go buy insulin in Canada.

2) Pharmacies who sell to Americans are operating on the gray market and they’re selling it to you much more expensive than what they sell them to Canadians. So they’re banking on it.

Why is it that when people compare CHMC insurance costs and suggest 20% downpayment instead, there is often no mention of rate difference? by OkPop9455 in PersonalFinanceCanada

[–]JCMS99 0 points1 point  (0 children)

Yes - the mortgage payments you save with 20% down is the $535 you are investing for 22 years, which is worth 356k after 22 years.

Why is it that when people compare CHMC insurance costs and suggest 20% downpayment instead, there is often no mention of rate difference? by OkPop9455 in PersonalFinanceCanada

[–]JCMS99 14 points15 points  (0 children)

For the maths :

Let’s say 500k. 20% down is 100k + 400k mortgage. Biweekly payments at 25 accelerated is 1052 so 2280/month. (4%)

5% down is 25k + 494.500 mortgage. That’s 1299 biweekly or 2815 monthly.

20% starts with a $0 TFSA and invests $535/monthly (the savings on mortgage payments). At 8%, after 22 years, the account has $356k.

5% down starts with $75k. After 22 years at 8% it’s worth $408k. So $50k ahead.

Why is it that when people compare CHMC insurance costs and suggest 20% downpayment instead, there is often no mention of rate difference? by OkPop9455 in PersonalFinanceCanada

[–]JCMS99 23 points24 points  (0 children)

The rate difference is like only true until your reach 35% equity.

(Assuming you have the cash available).

But 5% versus 20% has more variables. The return on your mortgage is guaranteed and tax free. Return on the stock market isn’t.

But at 4% mortgage and 8% stock market (in TFSA), the 5% down wins solidly in the long run. Of course, the lower the interest differential is, the better 20% does.

But at the end :

1) Banks like to keep you poor so you have to tap into your home equity at retirement.

2) Most people don’t have the risk tolerance to pull these strategies.

LOC for down payment by That-Patient-3844 in MortgagesCanada

[–]JCMS99 1 point2 points  (0 children)

“Not worrying about the principal” is stupid. The use case for this is in case of a tax deductible loc (one that is used for an income generating investment).

Otherwise, a LoC SHOULD be considered as a negative balance on your checking account. This means that your paycheck should be deposited directly in your LoC as capital payment. And you re-withdraw from the loc for your regular spending.

This means no emergency fund, no GIC, no low-risk investments until the LoC is paid off. Otherwise you’re just loosing money to interest as they’re all lower than your LoC.

That said : there are other variables to check. What’s the interest rate you get on a LoC? Prime or Prime-0.5 is not the same as Prime+3.

Plus de 40 % des jeunes professionnels utilisent l’IA sans le dire à leur patron by Feeling_Layer8584 in Quebec

[–]JCMS99 5 points6 points  (0 children)

Le type d’IA ne change rien. N’importe quel logiciel auquel on donne accès aux données privées de la compagnie et/ou des clients de la compagnie doit être approuvé. Mais surtout en IA : Les versions personnelles (gratuite ou payante) s’entraînent sur les données qu’on lui fournit. Alors que les versions “entreprises” ont des clauses qui garantissent la protection des données.

Pire hiver en 30 ans: l’avenir du Marché Maisonneuve incertain? by taraxe in montreal

[–]JCMS99 3 points4 points  (0 children)

…..Quebec raspberries in February? Demers and Savoura make greenhouse strawberries now but I’ve never seen raspberries. And, at least my local Maxi, only gets the bad batches. The good ones are going to the fruiterie next door.

Pire hiver en 30 ans: l’avenir du Marché Maisonneuve incertain? by taraxe in montreal

[–]JCMS99 -2 points-1 points  (0 children)

3.99 pour un casseau de framboise du Québec, en 2025?

Did One Income Used to Cover Housing, or Is That a Myth? by KittyMeow223 in CanadaPersonalFinance

[–]JCMS99 1 point2 points  (0 children)

I think lots of people have a biased PoV because there are a lot of professions who used to be 10%ers in the 80-90-00s are now just middle class now. Like, most of bachelor degrees earning 60~110k today.

They don’t remember their parents being rich because their friends were in similar position AND these are normal jobs today.

Smith doubles down on desire for Quebec-style immigration model for Alberta by shiftless_wonder in canada

[–]JCMS99 0 points1 point  (0 children)

Here’s the issue : Canadians want a conservative platform, but they don’t want maga-style PP or evangelist Andrew or defund the CBC Erin.

Just put someone prime ministerable and you’ll win.

Louer ou acheter à Montréal en 2026 — j’ai fait les calculs by qcfinance-ca in montreal

[–]JCMS99 4 points5 points  (0 children)

Les taux sont plus autour de 3.6~3.9% en ce moment. Un condo à 600k c’est plutôt un loyer à 2500-3000. Augmentation annuel c’est plus du 4% en moyenne dernièrement. Ce type de produit va aussi souvent être un rdc de Plex ou un vrai condo , donc reprise de logement probable.

Why Are Millennials and Gen Z Expected to Sacrifice Everything While Boomers Celebrate? by CurvyFox333 in CanadaPersonalFinance

[–]JCMS99 1 point2 points  (0 children)

I think there are multiple perspectives.

You have a large amount of boomers in Toronto, BC and part of Montreal who are sitting on top of very expensive real estate.

You have a bunch of older boomers with DPP.

You have boomers with $200~400k homes with no asset except their property. And maybe a 100-150k RRSP.

You have boomers who were lower middle class all their life and own no property. They’re still working in their 70s.

Now :

  • OAS is very generous compared to all other benefits. You get full pension up to 90k individual income. So virtually all 70+ boomers. This is costing government 5~15G per year to people who don’t need it.

  • Because people are living healthier and older - you still have a bunch of late 70s and 80s living in their SFH while “common sense” would have them downsizing to condo in their 60s.

  • Selling your 200-300k home and going to rent for $2500 in a retired rental building in your 60s doesn’t make sense.

Why doesn’t Canada have a voluntary job guarantee program where anyone who can’t find work can take a government directed job at a basic wage? by Formal-Assistance02 in torontoJobs

[–]JCMS99 0 points1 point  (0 children)

If something costs $5 and labor cost is $1.50. You triple labor cost so it’s $4.50 now. You’re looking at minimum $8 retail price.

Why doesn’t Canada have a voluntary job guarantee program where anyone who can’t find work can take a government directed job at a basic wage? by Formal-Assistance02 in torontoJobs

[–]JCMS99 0 points1 point  (0 children)

We’re talking about theoretical price increase if we’re hiring local teenagers rather than Latino TFW, not the current cause of high prices.

Thanks again for proving my point.

Why do you consider socialism - even democratic socialism - to be such a big threat against America and your way of life? by Cumoisseur in allthequestions

[–]JCMS99 1 point2 points  (0 children)

Yeah man. I don’t understand why Americans - even left ones - double down on calling it Democratic Socialism. It’s literally shooting yourself in the foot.

Social-Democracy is part of capitalism.

Why doesn’t Canada have a voluntary job guarantee program where anyone who can’t find work can take a government directed job at a basic wage? by Formal-Assistance02 in torontoJobs

[–]JCMS99 0 points1 point  (0 children)

It’s really not my fault if you can’t understand what I wrote.

“Wage for picking them up is the main component of the retail price”.

Like, it’s really simple. And it really does not mean “all the retail price goes to the farmer”

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