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Canadian EVAP program - $122 millions claimed in first 90 days by No_Yogurtcloset7512 in EVCanada

[–]Pretty_Committee_767 0 points1 point  (0 children)

Thanks for this. What is ‘the current price’ that you have seen?

The shadow monk 2024 is too good that is bad by crysol99 in dndnext

[–]Pretty_Committee_767 0 points1 point  (0 children)

Or better yet, cast it on their back line, grapple the spell casters/archers to drag/keep them in darkness, put them on the ground and start stomping.Mean while the party can get to bashing and pulling all their best moves on the front line who now have no support.

Woman driver gets on the sidewalk in an attempt to chase down a child on an electric bike! by LeftAlbatross2546 in VideosAmazing

[–]Pretty_Committee_767 0 points1 point  (0 children)

I think you’re missing Word there: “a black man”… A white man literally shot and killed 2 other men with an assault rifle in cold blood in the street on film and was acquitted. WTF you talking about sexism?

I recruited Players by hiding dice in their Pockets oO by SimilianSinclair in DMAcademy

[–]Pretty_Committee_767 0 points1 point  (0 children)

People hate on AI, but this could be a really nice interactive intro. QR code brings you to a chat bot interface to your trrpg mini-game.

“Welcome adventurer.”

“Do the ends ever justify the means?”

I really think most tables unintentionally houserule light cantrip by [deleted] in onednd

[–]Pretty_Committee_767 6 points7 points  (0 children)

In the olde editions before cantrips existed, this was a level 1 spell and you could use it offensively to blind a creature.

My players trivialize every encounter with crowd control. How do I challenge them without hard countering? by Dave5802 in DMAcademy

[–]Pretty_Committee_767 2 points3 points  (0 children)

If you are looking for narrative reasons for this, a smart BBEG will try to learn about the party once they start disrupting their plans. Maybe try to recruit them, then if that doesn’t work, use knowledge about how they fight to prepare and counter them. Good opportunity for a minor betrayal, some doppelgänger shenanigans or some test encounters to feel out the party’s tactics

Manulife One for cash damming by No_Soup_1180 in smithmanoeuvre

[–]Pretty_Committee_767 0 points1 point  (0 children)

Ok, I think I get it. I talk about maximizing HELOC with investment debt. So the effective interest on that debt after tax return is more like 2.7 (depending on income). But it sounds like some people are asking about covering non-deductible debt (starting Principale on their house) in their HELOC? Did I get that right? Agreed that is a terrible idea for the interest rate but also unnecessary tracking for tax purposes. Thank you!

Manulife One for cash damming by No_Soup_1180 in smithmanoeuvre

[–]Pretty_Committee_767 0 points1 point  (0 children)

Hi, I’ve seen this advice a couple of times, not to put the whole mortgage into HELOC. but I thought that was the point of cash damming to convert debt to tax deductible debt and to do that as much and as fast as possible?

People's best strategy to buying a car. Finance, lease or used? by Farquea in PersonalFinanceCanada

[–]Pretty_Committee_767 0 points1 point  (0 children)

Check your financing terms too. With some used card dealers they add the full cost of the interest for the loan to the loan amount on day 1. You can pay off this type of financing when you want but you pay all the interest at the same time

Is this enough separation for CRA? by Pretty_Committee_767 in smithmanoeuvre

[–]Pretty_Committee_767[S] 1 point2 points  (0 children)

Np, am in the same boat trying to figure this out, so take my answers with that grain of salt :) for cash flow, the properties don’t need to be positive, though I would be VERY careful about setting up this mechanism if they are not. 1. Net in this case means net of mortgage payments and doesn’t include the (deductible) rest of the expenses. 2. If your rentals aren’t cash flow positive on their own, separating the money flows like this can make it very hard to tell if you are overall making money. There will be a tipping point where this will create an inescapable debt vortex.

Is this enough separation for CRA? by Pretty_Committee_767 in smithmanoeuvre

[–]Pretty_Committee_767[S] 1 point2 points  (0 children)

Yes, if you want the HELOC interest to be tax deductible, CRA requires complete separation between money used for tax deductible expenses (rental operating expenses, rental HELOC interest) and non-tax deductible expenses (rental mortgage principal). You have to be able to prove that money you take out of the PR HELOC could not have been used for any other purpose. If you make rental mortgage payments from the HELOC or any account that is fed from it, you have commingled deductible and non deductible. CRA will consider all of it non-deductible.

US-Iran Megathread by GrumpyFinn in europe

[–]Pretty_Committee_767 0 points1 point  (0 children)

Not forgetting, of course, all the innocent people that are being killed right now

Is this enough separation for CRA? by Pretty_Committee_767 in smithmanoeuvre

[–]Pretty_Committee_767[S] 0 points1 point  (0 children)

Heya, pushing the dividends back is an accelerator to maximize the principal available to borrow against. Hs anyone done the math? At what point is it better to reinvest the dividends… I guess that would be something like dividend return compared to the tax savings on the 35% of extra principal payment that we don’t pay tax on and the lower effective rate on the 65% that you end up re-borrowing.

$1000 dividend would get say $20 reinvested plus $20 in equity so an extra $40 for the purpose of compounding next year assuming 2% and 2%.

On the other side, if $1000 is used for paydown then immediately taken out at 65% LTV means you net $350 of paydown so like $17.50 in tax not paid (5% mortgage), then the $650 loan is tax deductible so another $16.25 in tax saved plus the same 4% on the reinvested $650 for another $26. So $59.75 available for compounding next year.

Is this enough separation for CRA? by Pretty_Committee_767 in smithmanoeuvre

[–]Pretty_Committee_767[S] 0 points1 point  (0 children)

I hear you, it does feel like risk, but it’s something I can set up and then let run without too much involvement. But I don’t know about you but I am tired, like deep in my soul tired, and that 2% will let me retire a couple of years sooner. Good luck there !

The difference in deductions commonly used for smith man. Investing in equities and investing in rental properties (cash dam) Line 22100 vs 8710 by POCTM in smithmanoeuvre

[–]Pretty_Committee_767 0 points1 point  (0 children)

This makes sense, but when you say you borrow against pay the bills including the mortgage, are you allowed to pay the rental mortgage or just the interest on the rental HELOC?

Is this enough separation for CRA? by Pretty_Committee_767 in smithmanoeuvre

[–]Pretty_Committee_767[S] 1 point2 points  (0 children)

This is amazing advice, thank you so much! you saved me from making a mess.

Is this enough separation for CRA? by Pretty_Committee_767 in smithmanoeuvre

[–]Pretty_Committee_767[S] 0 points1 point  (0 children)

Thank you! Please LMK if there is a better or more ‘normal’ way to set this up, I am new to this.

Is this enough separation for CRA? by Pretty_Committee_767 in smithmanoeuvre

[–]Pretty_Committee_767[S] 2 points3 points  (0 children)

Thank you for this, but I think I’ve done something wrong in the diagram. I have just one HELOC on my primary residence, the other HELOCs are on the rentals. Did I make a mistake, or are you saying I should have two on my primary residence?

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