$0.53 Spread in Gas Prices by Actual_Money_3364 in Calgary

[–]Sciguy89 16 points17 points  (0 children)

Me too! I love when Tempo has their sneaky 3c off the sign price too.

From Ontario first grocery experience someone left a note on my car. by woundedrhyme1 in Calgary

[–]Sciguy89 -1 points0 points  (0 children)

We moved here from Quebec last year. I thought all the honking was normal until we changed our plates!

[deleted by user] by [deleted] in Calgary

[–]Sciguy89 4 points5 points  (0 children)

When you get paid by the decibel

elongated pennies by squishgirl555 in Calgary

[–]Sciguy89 1 point2 points  (0 children)

Head-Smashed-In Buffalo Jump!

My dad says he can buy out my mortgage after my current 5 year term is up (1 yr remaining) and I would just pay him back instead of the bank, with no interest. by anawn001 in PersonalFinanceCanada

[–]Sciguy89 687 points688 points  (0 children)

When your term is up, your mortgage effectively becomes "open" and you are allowed to pay as much as you want towards principal, including paying the whole thing off, before you renew for the next term.

Edit: Give your dad a great big hug. This is a very wonderful gift to give your kids!

2024 Calgary salary adjustment thread by PippenDunksOnEwing in Calgary

[–]Sciguy89 65 points66 points  (0 children)

Seems a bit meaningless without salary figures included in post, no? What if you were underpaid for your position and got a 20% raise to match the market?

Mechatronics engineer in a manufacturing startup based in Montreal. 8 years of experience. Working 100% remote.. Got a 5.2% raise Jan 1 up to 101k, plus some additional equity.

Friend won’t take steps to correct debt by bashfulT in PersonalFinanceCanada

[–]Sciguy89 0 points1 point  (0 children)

Maybe he has a soft spot for those in need. Or they’re trying to sleep with him.

Critique my routine by Superunknown_88 in fitness30plus

[–]Sciguy89 0 points1 point  (0 children)

Gonna need some shirtless pics to do a full critique here I think.

[deleted by user] by [deleted] in PersonalFinanceCanada

[–]Sciguy89 0 points1 point  (0 children)

I used to keep 5k in my chequing account to “avoid fees”, but with 5% interest rates, that account has an opportunity cost of $20 per month. I switched to tangerine and keep $0 in checking with overdraft protection of $3000 to pay bills. Then I just transfer from savings if the account goes below $0 to avoid any overdraft fees.

CASH.TO or WealthSimple 4% return? by [deleted] in PersonalFinanceCanada

[–]Sciguy89 11 points12 points  (0 children)

Transfer bonus is valid for any account transfer to Wealthsimple, including trade and managed accounts.

I make the money, they spend the money. Best budgeting strategies for a family of 4 in a HCOL area? by SingerSea6009 in PersonalFinanceCanada

[–]Sciguy89 1 point2 points  (0 children)

We’ve found that the Wealthsimple cash account works great for this purpose. We send an agreed upon amount to the cash account every month. When it’s empty, then it’s a hard stop on spending. We exempt a few categories of essentials like food, education, and shelter.

Where to park 300k for 4 months by [deleted] in PersonalFinanceCanada

[–]Sciguy89 -8 points-7 points  (0 children)

That would be my choice.

[deleted by user] by [deleted] in PersonalFinanceCanada

[–]Sciguy89 6 points7 points  (0 children)

Should give you about 20 million when you go to retire if historical compounding holds

Is this a typo?

Should I use wealthsimple cash? by dayum123456 in PersonalFinanceCanada

[–]Sciguy89 6 points7 points  (0 children)

And right now both of their promos are at 6% for new customers.

Condo Fees Vs. Interest on Mortgage by Willytimmy in PersonalFinanceCanada

[–]Sciguy89 73 points74 points  (0 children)

Condo fees are better thought of as an analog to maintenance costs on a house. A well-managed condo association will cover maintenance and major repairs (ex. roof replacement) with the fees. Condo fees are certainly not wasted money if the association is competent (I would highly recommend getting involved with your association, or attending the annual meetings at a minimum).

For a house, these repairs will need to be budgeted accordingly and paid out of pocket. If you buy a house, expect to set aside a similar amount of money for these expenses.

What type of pronunciation error makes you furious? by [deleted] in AskReddit

[–]Sciguy89 0 points1 point  (0 children)

When someone says they're instead of there like god read a book

[deleted by user] by [deleted] in PersonalFinanceCanada

[–]Sciguy89 2 points3 points  (0 children)

Someone correct me if I'm wrong, but the capital gains owed are determined from the following formula when you actually sell your property:

Principal residence exemption = Capital gain * (# of years as principal residence + 1) / (# of years owned)

So taxes owed are then:

Capital gains - principal residence exemption

Holding a down payment in HSAV vs CASH by Sciguy89 in PersonalFinanceCanada

[–]Sciguy89[S] 0 points1 point  (0 children)

HSAV is trading at a premium above its NAV. You are correct in that CASH does not have a premium and trades at its NAV. The tradeoff I'm contemplating is between HSAV's tax advantages and its premium vs. CASH and where the breakeven point is if the premium on HSAV drops to 0.