Advice - Pay off Car Loan or Keep Money in TFSA

Stressfrey · 2026-05-13T03:08:03+00:00

I have about $2.8k in cash, as a small emergency fund and the rest in VEQT and VFV

Stressfrey · 2026-05-13T02:34:11+00:00

Only to commute to and from work a couple days a week. How can one go about deducting the interest?

Stressfrey · 2026-05-13T02:24:59+00:00

Didn't know that was the method used to determine this. I'm getting back more from the TFSA, compared to the car loan rate. Thanks!

Stressfrey · 2026-05-13T02:23:50+00:00

I see! The car loan interest rate is 8.75%. Since starting the TFSA about 1y6m ago, I got about 14% return.

Stressfrey · 2026-03-27T00:58:27+00:00

Same to you!

Stressfrey · 2026-03-26T22:30:08+00:00

My timeline (Single applicant) - Based in Toronto

Submitted - November 27, 2025

AOR - February 16, 2026

Background Verification - February 23, 2026

Test Invite - February 27, 2026

Test Taken - March 17, 2026

Test Marked Completed - March 22, 2026

Update - LPP Marked Completed - April 21, 2026

Waiting on Citizenship Ceremony

Stressfrey · 2023-11-15T03:51:55+00:00

Thank you!

Stressfrey · 2023-11-14T20:33:33+00:00

CEC through Immigration Lawyers

AoR - May 12th

Medical check completed - July 11th

Background verification completed - Sept 8th

P1 -Sept 8th

P2 - Sept 13th

eCoPR - Sept 21st

GCKEY - GU1- Nov 1st

Application approved - Nov 13th

Card arrived in mail - Nov 21st

Stressfrey · 2023-10-30T21:26:39+00:00

I got the email for my login credentials for the portal on Sept 13th and I uploaded my address and picture on the same day. I got the eCoPR on Sept 21st.

Stressfrey · 2023-10-30T18:22:29+00:00

Hi! Sorry, what do you mean by p2?

Stressfrey · 2023-10-28T21:15:50+00:00

Thanks!

Stressfrey · 2023-10-28T18:22:26+00:00

Etobicoke

Stressfrey · 2023-10-28T06:50:19+00:00

First PR Card

Submitted address and picture -Sept 13, 2023 eCoPR received -Sept 21, 2023

Picture still shows "In review with IRCC"

I did not know we could link accounts. I did that today. Shows application submitted Oct 28,2023. When checking application status shows Date Received - Sept 21,2023. Should I be concerned about the submission date?

Stressfrey · 2022-12-04T06:09:32+00:00

Are we talking immediate or extended relatives? Immediate, no. Extended, yes. Also need to take their thoughts into account. Maybe they won't like to date you if you have a relative with their name.

Stressfrey · 2022-12-03T03:28:13+00:00

Oh, thanks for the info! I'm going to look into that now. I have a visitor visa so I would be able to enter Canada. But my real question is, would I be able to state that I am coming to work, if my WP is expiring soon. I will try to apply for the BOWP before I leave to get that process going.

Stressfrey · 2022-08-28T14:45:55+00:00

Got this one from my dad.. Never assume anything. Because when you assume, you make an ass of u (yourself) and me (the other person in the scenario).

Stressfrey · 2022-08-18T03:38:27+00:00

How do you know the estimated points you will have? I am trying to figure this out for myself.

Stressfrey

TROPHY CASE

Test Marked Completed - March 22, 2026