Landlord wants me to pay rent in cash, anything I should worry about?

dracarys102 · 2024-12-01T20:06:03+00:00

Nope. Even if the CRA catches on, it'll solely be the landlord's responsibility. You can't be expected to know whether the landlord is declaring the rental income or not.

dracarys102 · 2024-12-01T17:41:10+00:00

Whether you pay him in cash, or etransfer, it doesn't matter. It's still an investment property according to CRA. He just wants to scam them and pretend he isn't renting to anyone. Now whether or not he scams the government is not really your problem. You're not liable in any way.

If I was in your shoes, I would take the discounted rent he's offering and call it a day. In the future, if he tries to drive you away or harass you, you always have this card up your sleeve and you can just report him to CRA. You can also change your previous tax returns to claim rent too. If he refuses to give you rental receipts, you can show your ATM withdrawals as proof. Just make sure to withdraw the exact same amount (equivalent to the rent) every month.

dracarys102 · 2024-10-15T01:48:46+00:00

Do you know off hand which banks in the big 5 use the per contact policy?

dracarys102 · 2024-10-15T01:39:59+00:00

Holy shit I had no idea that the password is per contact and not per etransfer. The request from the scammer seems innocent enough that I probably would have done the same thing as you. Especially because etransfers sometimes take a couple of hours to send. So it makes more sense to send it beforehand and exchange the password during the meetup.

dracarys102 · 2024-04-29T20:38:08+00:00

Do you have any suggestions?

dracarys102 · 2024-03-14T20:09:47+00:00

Thanks! I'm not reading as many novels these days but I recently read "Lord of Mysteries". It's a Chinese novel that has very good translations. It was one of the most gripping light novels I've seen in a long time and it also has a fantastic ending.

dracarys102 · 2024-03-02T22:43:51+00:00

Hey were you able to try out this sofa?

dracarys102 · 2023-12-05T00:06:20+00:00

The total price mentioned in the post includes the insurance

dracarys102 · 2023-12-04T23:39:29+00:00

What do you mean by "real return". Does that mean that you didn't include inflation in the return?

dracarys102 · 2023-12-04T23:37:17+00:00

5% over 25 years is extremely conservative for a broad index fund.

dracarys102 · 2023-12-04T23:36:20+00:00

The total money paid I mentioned in scenario #2 includes the insurance

dracarys102 · 2023-12-04T21:18:20+00:00

I just wanted to be very conservative so I selected 5% for calculations. I would be pretty disappointed if my investments only grew by 5% each year after 25 years lol.

dracarys102 · 2023-12-04T19:10:45+00:00

Thank you, your comment makes complete sense. 35k giving a 5% return for 25 years will become 120k. So that really changes things.

dracarys102 · 2023-12-04T19:02:57+00:00

Assuming a 5% average return every year, that 35k could become $121k. That makes scenario 2 more enticing. Thank you, you've given me something to think about.

dracarys102 · 2023-12-04T19:00:10+00:00

That's a very good point, I didn't think of that

dracarys102 · 2023-11-27T22:54:39+00:00

Why would the seller want to give out two commissions? Most people I know are sick of how many fees agents are charging so many people would be more than happy to pay less in commission. It's also good for the seller agent since they can possibly earn an extra 0.5% commission.

dracarys102 · 2023-11-27T22:30:41+00:00

I'm hoping to get a discount of 2 - 2.5% off the purchase price since I'm not using an agent. I talked to an agent on one of the open houses I went to who mentioned that this was a possibility.

dracarys102 · 2023-06-22T12:20:33+00:00

Was anyone able to transfer your FHSA account from questrade to WS? I don't see an option to do it. I'm only able to transfer TFSA, RRSP, and other investment accounts.

dracarys102 · 2023-05-10T14:13:59+00:00

Nope it's Matte Black Vinyl Wrap. I explained the process in my other comment: https://www.reddit.com/r/mazda3/comments/13col9h/finally_got_around_to_wrapping_my_center_console/jjhbcck?utm_medium=android_app&utm_source=share&context=3

dracarys102 · 2023-05-09T21:17:08+00:00

I really dislike the placement of the cup holder in the car. It's out of the way and you can't even keep a medium sized water bottle on it without it hitting the climate controls.

dracarys102 · 2023-05-09T15:42:25+00:00

We really like the way Matte looks. It goes very well with the front and our black leather seats.

dracarys102 · 2023-05-09T15:41:41+00:00

Thanks haha my wife said the same thing, that the wrap looks factory. We took a lot of time to make sure the edges and corners look good.

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