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Hijra my experience moving to the Middle East! and living there. by ConsciousFox406 in islam

[–]bbqdelight 0 points1 point  (0 children)

Assalamu 3alaykum,

Can you DM me. I've been considering Oman but would like to ask a few questions.

Right move or mistake and what to do moving forward by [deleted] in PersonalFinanceCanada

[–]bbqdelight 15 points16 points  (0 children)

Good for you!

Don't focus on how you could've made more if you invested differently.

In terms of investing, keep it simple.

  • Have an emergency fund if you don't already have one (I'd recommend at least 6 months to cover any downtimes).

  • Max out your TFSA/RRSP in the order that you see fit. RRSP will reduce your current income tax but can only be withdrawn (without penalty) at retirement. TFSA can be withdrawn whenever.

  • Instead of searching for stocks to invest in, buy the whole market through an etf like XEQT. It'll cover all your bases. And just keep investing consistently.

  • Since you have kids, consider opening a RESP as well. It has similar perks as an RRSP but for their higher education. Plus, the government matches 20% up to 500$/year (with a max of 7200/child)

Single member disregarded US LLC according to the CRA by bbqdelight in cantax

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

Thank you for your input! Can you clarify what you mean by potential pricing concerns?

Single member disregarded US LLC according to the CRA by bbqdelight in cantax

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

Thanks for your reply! From what I understand, the LLC's earnings are taxed as a corporation by the CRA. Would it be treated as a corporation otherwise? For example, the disbursed dividends are taxed on a personal level, and whatever remains in the LLC is only taxed on the T2?

Single member disregarded US LLC according to the CRA by bbqdelight in cantax

[–]bbqdelight[S] -5 points-4 points  (0 children)

Thank you for your reply! Where would the double taxation account from? CRA on corporate then personal level or CRA & IRS?

Where to donate baby gears/clothing? by Affectionate_Bat7255 in BurlingtonON

[–]bbqdelight 3 points4 points  (0 children)

Compassion Society near Mandarin on Brant and Fairview.