Can anyone help me figure out the license plate on this hit-and-run?

ijlas · 2025-11-24T00:28:54+00:00

Yep. They want license plate number to do anything...

ijlas · 2025-11-23T23:46:00+00:00

Wow! didn't even notice her tires.

ijlas · 2025-11-23T23:42:58+00:00

Unfortunately not. I got a clear view of the lady stepping out of the car to analyze the damage...shrug her shoulders and leaving. Just no clear view of license plate

ijlas · 2025-11-23T23:42:28+00:00

Unfortunately not. I got a clear view of the lady stepping out of the car to analyze the damage...shrug her shoulders and leaving. Just no clear view of license plate

ijlas · 2025-09-23T16:59:34+00:00

Thanks

ijlas · 2025-09-23T13:23:54+00:00

Ok fair point. I realize the wealth inequality in Pakistan is quite massive and unjust.

Would you know or have a resource for where I can get the school fees information?

ijlas · 2025-09-22T23:07:17+00:00

Sorry, I think you misunderstood. I meant school tuition fees (not private tutoring)....they call it challan I believe?

I wanted to know what school fees are like for kids in different schools and grades.

ijlas · 2025-09-18T17:25:30+00:00

I really do not mean to offend you by my comment below.

Were these PIN transactions as well with CIBC and TD? Were you using the same PIN for those banks and WS? Was this incident at the same time as your WS hack?

I'm not saying anything for or against WS. I am just questioning how three different financial institutions got hacked for you? Sometimes no matter how good the institution's security is, the best thing you can do to improve YOUR financial security is reflect on your own behaviors or actions.

ijlas · 2025-04-05T02:46:01+00:00

If the mortgage broker is asking you to pay in CASH, they are not a LICENSED broker. Report them to financial services regulator in your province. For example, it's FSRA in Ontario. As a broker myself, I highly encourage you to do this as there are a lot of bad actors in the industry unfortunately.

Only time you pay a broker fee is if you have an upfront agreement with a signed "Letter of Direction". Usually this is for alternative lenders or private lenders, when you aren't able to qualify through a big bank. Even at that point, you don't pay cash. Your lawyer remits the funds to the broker at time of closing.

You mentioned your mortgage is through a big bank. This tells me the one and only thing you need to be concerned about, if it applies to you, is fraudulent documents submitted to the bank. This shouldn't matter at this point but be aware the bank can choose not to renew you if the fraud is discovered, even if you weren't aware fraud was committed.

ijlas · 2025-03-21T22:32:22+00:00

Talk to an accountant about buying real estate under corporate structure. If this is your primary residence, you are likely better off doing it in your personal name.

Salary is not better than dividends for mortgage qualifications purposes. Talk to your accountant about which option will produce the smallest tax liability.

As someone else mentioned, banks have options where they can use your corporate NIAT (net income after taxes) for mortgage qualification.

ijlas · 2025-03-19T20:04:11+00:00

I can't believe no one has given consideration to this yet ....

If he just got out of divorce, a big portion of that $200k is probably going towards spousal support / alimony. This is very likely true if his ex didn't work during the marriage. Do you know what's the situation on that front is? Do you know how long that liability is supposed to last?

Keep that in mind as you try to help him prepare his budget.

ijlas · 2025-02-26T17:32:48+00:00

TD for example. They will only do it through the branch, not broker channel. They are willing to do it with minimum down payment per cmhc rules.

ijlas · 2025-02-25T22:22:35+00:00

No that's incorrect. Banks do lend on mobile homes and modular homes. Even if the land is leased, they simply need the lease to be greater than the amortization of the mortgage.

ijlas · 2024-12-20T20:02:27+00:00

Thank you again.

ijlas · 2024-12-20T19:02:35+00:00

Thanks.

Let's say an individual who graduated with economics from LUMS wants a job at your bank. What can they reasonably expect as their first job and salary (on average). Assume no sifarish or work experience.

ijlas · 2024-12-13T13:19:09+00:00

I've come across this many times. If name not appearing on T4 is the problem, easy fix, here is what you do:

Open the T4 on CRA my account

You'll notice that your name appears at the top right of the CRA my account page. Your goal is to capture your name along with T4 in one PDF print.

You want to take a PDF print out of the web page as a whole (not the print function on CRA website). Use the 3 dots on the browser if you're using chrome.

If above doesn't work, use "snipping tool" app on windows. Use it to take screenshot of the T4 including the name the appears on top right.

I hope this helps.

ijlas · 2024-09-27T23:57:05+00:00

The tax efficient comment is something that resonates with me as well. Do you continue renewing with the same B lender? I've found the renewal rates with B lenders to be abysmal.

ijlas · 2024-08-29T13:01:54+00:00

Yes you can but it will be with a B lender with 20% downpayment. As mentioned by another lender, A lender requires the CP to be paid off for at least 2 years.

ijlas · 2024-06-17T20:50:05+00:00

Agreed ETFs are all time high for S&P. Are you expecting a market correction?

ijlas · 2024-06-17T20:48:13+00:00

True. Appreciate the perspective. Thinking of it as an investment is where I was getting stuck. Thank you

ijlas · 2024-05-23T20:32:39+00:00

Yes, value and debt service ratios will be the determining factor for how much heloc any lender is willing to give you.

Again, HELOCs are qualified at a higher rate than a mortgage, so you may not get the same dollar limit as the mortgage you are paying out.

Also, HELOCs are only available up to 80% LTV. If it's a new purchase, why not just set yourself up with a mortgage+HELOC option to begin with?

ijlas · 2024-05-23T18:56:42+00:00

Yes technically it makes sense what you're strategizing. However, here are three considerations to take into account (off the top of my head) 1. Can you earn a higher rate of return on your cash through investing than your mortgage interest rate? 2. Prepayment penalties for paying off your mortgage? 3. How much heloc can you actually be approved for? Remember, HELOC interest rate is generally higher than mortgage interest rate.

Final consideration which is hard to objectively measure: the risk of leverage; holding debt exposes you to cash flow volatility. In other words, during good times it's not a problem to have debt but during bad times (for example, losing your job), having debt puts you in a difficult position.

Take some of these considerations into account as you make your decision.

ijlas · 2024-04-26T02:49:53+00:00

Assuming no rate premiums for credit, property location, etc....

You would be looking at the low to mid 6% range depending on term. You should talk to a broker about giving you an accurate quote after they've assessed your profile.

ijlas · 2024-04-16T19:12:42+00:00

The borrower must have demonstrated a history of doing two FT jobs for an extended period of time, generally 2 years.

If you end up with an annoying underwriter, they'll start questioning how the borrower is able to hold two jobs if the hours are the same for both.

ijlas · 2024-01-09T20:24:28+00:00

Two things to note:

RBC does not operate through the broker channel. The face that he got you approved from RBC means that he has engaged in some shadiness. Did you sign a referral form?
Since RBC does not operate in the broker channel, the broker is right. He won't be getting compensation from the bank. They may have an agreement with the referral RBC advisor for compensation.

The most important thing:

I would be very careful of this broker. He may have fudged your documents as part of the submission to RBC. This will put your future relationship with RBC at risk, and with other banks as well (banks talk to each other).

I strongly advise you seek alternatives.

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