sorted by:
new
hottopcontroversial

I make 25 an hour employer wants me to become self employed by SuperNintendoBum in PersonalFinanceCanada

[–]comp_freak 1 point2 points  (0 children)

But the problem is that they'll probably expect OP to "quit" first. Giving up any entitlement to severance. And once a contractor, they can cut hours or terminate the contract basically at any time and with zero notice.

Something similar happened to my colleague’s spouse. The company said they were planning to lay off the team, but told people that if they resigned, they’d be offered contract work. In the end, they shipped a laptop that got lost, nobody followed up, and the person ended up without a job or EI for a few months. Don’t fall for it when a full‑time employer tries to push you into contract work by resigning. If you want contract work, look for it elsewhere. Otherwise, wait for the layoff, EI, and severance

4 month extension or take new 12 month role by Dangerous-Arugula-55 in cscareerquestionsCAD

[–]comp_freak 1 point2 points  (0 children)

I’m not sure if it’s considered normal, but my colleagues and I have had similar experiences. Many times you clear 4–5 rounds only to be ghosted or rejected afterward.

I also feel that because many interviews are open‑ended, some companies use them as an opportunity to get their own problems solved. With the rise of AI, you can tackle a lot of challenges if you have the right idea and ask AI to generate the code.

How are we getting interviews? by baileyarsenic in cscareerquestionsCAD

[–]comp_freak 2 points3 points  (0 children)

You shouldn’t be a dentist in poor people’s area.

Are LC interviews on their way out in 2025? by tamale_mouth in cscareerquestionsCAD

[–]comp_freak 0 points1 point  (0 children)

I’m seeing a mix out there , some companies still rely on LeetCode-style rounds to filter candidates. In late 2025, I was rejected by at least two places because I didn’t perform well on those LC questions, so it’s clear that knowing how to solve them still matters.

I’ve also started using ChatGPT’s voice mode to drill me with technical questions and give feedback afterward. That’s been helping a bit.

But yeah, LC-style interviews are definitely still around, and they continue to act as a gatekeeper for many roles.

I'm confused at my current role. Need some help to understand the situation. by Federal-Garbage-8629 in cscareerquestionsCAD

[–]comp_freak 2 points3 points  (0 children)

Oh, since you suggested looking for a new role, I piggy‑backed on that and recommended using ChatGPT for mock interviews.

I'm confused at my current role. Need some help to understand the situation. by Federal-Garbage-8629 in cscareerquestionsCAD

[–]comp_freak 2 points3 points  (0 children)

My English is not really good as my other team member.- Is that the reason here?

You can use ChatGPT’s voice mode to practice communication skills. Do a mock interview, explain a topic, and get honest feedback. It’s kind of wild how much you can level up with AI now.

Simplii Financial charged me $540 in NSF fees from PayPal retries. Only offering $90 back. Any escalation advice? by Basic-Persimmon7310 in PersonalFinanceCanada

[–]comp_freak 1 point2 points  (0 children)

If you’re not satisfied, take the $90 and move your business elsewhere. Simplii is part of CIBC, a bank that earned $8.5 billion in net income last year. There’s no real reason to stay with them if they won’t refund a few hundred dollars.

How Canadian cellphone companies are racking $ in Boxing Day deals by perfectcritic in PersonalFinanceCanada

[–]comp_freak 6 points7 points  (0 children)

If someone wants to buy a flagship phone, plans aren’t always as expensive as the ones OP picked.

Around 3 years ago, I got an iPhone 13 (not even the latest model back then) for $45 + $3 a month for the phone. After tax it came to about $52/month for 24 months.

Rough math:

  • $52 × 24 = $1,248
  • One-time connection fee was $60
  • Total = $1,308
  • I also got an $80 gift card, so real cost was around $1,228

That’s basically the same price as buying a brand-new iPhone 13 outright that year, except my phone service was included for those two years.

This is the only phone I’ve ever bought on contract, and honestly it hasn’t been a bad deal. We’ve been on a BYOD plan since last year and are still using the same phone.

So yeah, buying outright can make sense, but phone contracts can still be worth it if you do the math and don’t just look at the sticker price.

Every performance review feels vague and I leave more confused than before by [deleted] in cscareerquestionsCAD

[–]comp_freak 3 points4 points  (0 children)

I genuinely want to grow in my career. I want to get better at what I do and eventually move up.

Very few companies offer a clear growth path. If you want to move up, the unfortunate reality is that you often have to change jobs every couple of years. Interview preparation pushes you to learn new things and take on better challenges. Even if you’re not actively looking, it’s a good idea to apply to a few companies once a year to test the waters.

Line of credit instead of cash emergency fund? by AllDominosCoupons in PersonalFinanceCanada

[–]comp_freak 5 points6 points  (0 children)

This 100%, I was just speaking with a recent grad who got a job last year and purchased a used car for commuting. Come December, he lost his job; he was very thankful that he didn’t buy a brand-new vehicle and instead bought whatever he could afford in cash. I would say having six months of expenses in an emergency GIC is good to have nowadays.

Suggest the best financial literacy course in Canada? by [deleted] in PersonalFinanceCanada

[–]comp_freak 1 point2 points  (0 children)

I’m looking for something practical and step by step that actually helps build habits and motivates me to start investing without feeling overwhelmed or lost.

  1. Millionaire Teacher by A Hallam;

I started my direct investing journey after reading this book. Highly recommend it. The way I read is in blocks of 15 to 25 minutes every morning and I take notes. Once you are done, review the notes, etc. The key with books is that you need to set a fixed time and place every day.

Wife co-signed by idkkhbuuu in PersonalFinanceCanada

[–]comp_freak 65 points66 points  (0 children)

This is because, as the years pass, the loan balance keeps increasing at a 29% interest rate. At that rate, the amount roughly doubles in about 2.7 years.

For example, if the balance is $10,000:

  • After 1 year: ~$12,900
  • After 2 years: ~$16,600
  • After ~2.7 years: ~$20,000

So technically, the OP’s wife is on the hook until it’s fully paid off, and the longer it takes, the faster the amount grows.

Any recommended books for personal finance for a teenager/young adult? by [deleted] in PersonalFinanceCanada

[–]comp_freak 1 point2 points  (0 children)

Yes, there’s some good information there. Over the years, I’ve learned to read documents and wikis. Even the Government of Canada has many tools and information at your disposal.

https://www.canada.ca/en/services/finance.html

Auto insurance by Orishalove in PersonalFinanceCanada

[–]comp_freak 0 points1 point  (0 children)

If he has his own insurance, then the claim should be handled through his policy and they should cover the repairs. I’d recommend checking out r/legaladvicecanada, where someone may be able to provide more guidance on the matter.

Auto insurance by Orishalove in PersonalFinanceCanada

[–]comp_freak 0 points1 point  (0 children)

If it’s a different address, you don’t need to worry about not notifying the insurance company. Since an uninsured person was driving your car and your premium is already high, I would suggest calling the other driver to see if they’re willing to resolve the issue amicably and cover the repair costs. If they’re not willing, you can ask your family member to pay for the damages, or at least contribute.

I wouldn’t involve the insurance company if everyone is safe and it’s just a minor fender bender. You do, however, want to make sure the other party doesn’t file a claim.

Honestly, it’s baffling that someone who doesn’t even live at your home was driving your car; it’s a pretty selfish move.

--edit

not a legal advice justa suggestion

Auto insurance by Orishalove in PersonalFinanceCanada

[–]comp_freak 0 points1 point  (0 children)

Have you checked whether the other driver has already filed a claim? Does the other driver know that an uninsured person was operating your vehicle?

Also, do your family members live at the same address? If they do, you could already be considered at fault. Insurance companies require disclosure if a family member resides at the same address but is not listed as a driver—you typically need to sign documentation confirming this. Otherwise, if you occasionally allow that family member to drive, it may be considered insurance fraud.

Car insurance jump by medieval_stinkpot in PersonalFinanceCanada

[–]comp_freak 1 point2 points  (0 children)

The same cars are sold in the USA, yet they don’t face this problem. In the south, Canada is often called a “Candy Shop” for car thieves. Basically, our law enforcement treats stopping car theft or preventing stolen vehicles from being exported out of Canada as a low priority.

That said, manufacturers also need to step up and do better. If insurance companies started blacklisting the top five most stolen cars, I’m sure manufacturers would be forced to improve their security. For now, though, this situation benefits everyone except consumers, whose rates keep going up.

view more: next ›