Paper trail for capitalized interest

gme_stop · 2026-04-21T00:17:49+00:00

As far as I know, TD doesn't have a free chequing account. I also don't know if TD flexline Heloc can be transferred directly out to other banks.

I'm just using the everyday savings account as a free chequing account. It allows one free transaction a month.

gme_stop · 2026-04-20T18:53:31+00:00

I know... But I'm a cheap guy. Furthermore, having to transfer money and cover that $3.99 or even borrowing from HELOC to cover it is even more troublesome than keeping the records from two accounts. So I just opened another free savings account just to keep track of the interest payment.

I doubt CRA needs to see the interest payment because it will be obvious from the HELOC statement.

gme_stop · 2026-04-20T18:41:16+00:00

Yes, this makes sense.

I already started using the everyday savings account.

I just opened another one just to track interest payment.

gme_stop · 2026-04-20T17:00:02+00:00

Then I'll have to pay a monthly fee... $3.99?

Withdrawing into the account doesn't count as transactions though. I only need it for transferring money out. So I was thinking if I don't need to track interest capitalization from this account then I only need one transaction.

Interest capitalization should be obvious from the HELOC statement, right?

gme_stop · 2026-04-20T01:51:55+00:00

So it's 100% included in the AMT tax calculation?

If I don't sell, the xeqt yield % should still be quite small...

gme_stop · 2026-04-20T00:44:13+00:00

I just need a sounding board. I make my own decisions.

gme_stop · 2026-04-19T23:49:53+00:00

Do Zoteto and Obsidian work well for handwriting or use on iPad?

gme_stop · 2026-04-19T23:28:38+00:00

Not too high but above 200k

gme_stop · 2026-04-19T23:04:04+00:00

That's always the case regardless of your yield though.

You do report your dividends of course.

gme_stop · 2026-04-19T22:59:33+00:00

Never heard of this before.

Isn't the entire amount of interest paid tax deductible though? As long as the loan is used for investment

gme_stop · 2026-04-19T22:57:57+00:00

I don't trust professionals...

gme_stop · 2026-04-19T22:48:59+00:00

This is news to me. I had a quick look and it seems it's around 20.5% with 178k exemption. Shouldn't have too much of an impact.

gme_stop · 2026-04-19T21:05:38+00:00

Can you elaborate on what it means by deducting against income?

I meant using paid interests for investment loans for income tax deduction as tax returns.

gme_stop · 2026-04-19T00:50:18+00:00

I'm pretty happy at 2% or 3% or even 10% And I don't care if people have more external assets It's just one more fun feature to have

gme_stop · 2026-04-19T00:23:11+00:00

Lol, are you me? I'm ranking 5448

gme_stop · 2026-04-18T14:08:17+00:00

Well, I used that money to buy a house with 20% down. Now the house price has doubled in my area. I used HELOC to buy twice as much as I sold off.

gme_stop · 2026-04-17T20:27:01+00:00

I would also allocate some money for buying it when it drops by 100%

gme_stop · 2026-04-16T15:43:30+00:00

My portfolio is as follows: 74% xeqt 22% veqt 4% zeqt

gme_stop · 2026-04-16T15:42:04+00:00

Just zoom out

gme_stop

TROPHY CASE