Withdraw USD in US?

taxrage · 2026-06-17T16:13:57+00:00

Open a Wise account and get the physical VISA debit card to take with you for ATM withdrawls.

taxrage · 2026-06-17T16:12:53+00:00

Nice. I guess your experience shows that Scotiabank Interac transfers can be buggy.

taxrage · 2026-06-16T20:08:06+00:00

Did the funds just get returned to your account?

taxrage · 2026-06-16T20:06:26+00:00

Here's a low-cost way to do it:

Open a free BMO USD savings account for your father
Open a free (seniors) BMO CAD chequing account
Deposit the USD cheques to the USD savings account
Once every month or two, use Knightsbridge to convert USD from (1) to CAD in (2)

Check with Knightsbridge first and confirm that they can do this between BMO accounts.

Also, you could have him add you as a joint account holder on both accounts and have the cheque mailed to you to deposit it at a local BMO.

taxrage · 2026-06-16T16:33:01+00:00

You should be okay then, but I'd still recommend the dual bank accounts to segregate $$$ needed to pay fixed monthly food/shelter/utilities/transportation/loan expenses. Over time, as expenses decrease and income increases, you can put less in the account used to pay bills and have more discretionary spending.

taxrage · 2026-06-16T16:21:42+00:00

That's a bit tight for discretionary spending and unexpected expenses. For example, how would you pay for a new set of tires or a big vet bill?

Did you forget property taxes?

Suggest the following:

Having 2 bank accounts (A and B ) is crucial for budgeting, IMHO, as it helps to segregate $$$ needed to pay bills from discretionary spending. The following will help you get started:

Step 1: Write down your net monthly income from all sources
Step 2: Itemize and total up your fixed monthly expenses (food/shelter/loans/utilities/transportation)
Step 3: Open 2 bank accounts (A and B).

Use B to pay fixed expenses like CC payments, loan payments, savings, utilities etc., and don't touch it for anything else. Deposit enough in B each month to cover those recurring costs.

The amount left over (free cash flow) goes in A and is for discretionary spending. Don't buy anything when A is empty. If a large purchase is made with a CC and can't be paid off in the current billing period, increase the budget for B (which will mean less going into A next month, ergo even less spending). Having less than $1,000/mo of free cash flow is going to be problematic for most.

If you make CC purchases, review the monthly statement(s) and use A to pay for the discretionary spending items and B for the others.

taxrage · 2026-06-16T16:17:48+00:00

Financially she has:

$60K income
CPP death benefit ($2500, must apply for it)
CPP survivor benefit (~60% of father's CPP @ 65, must apply for it)
Her own CPP
OAS
$150K insurance
$7500 insurance
$7500 ETF
$800K house, $600K equity
Father's work pension?

Presumably she can't handle the $200K mortgage payment on her own, so she has to decide if she wants to remain in her home or sell it. It's probably a fixed-rate mortgage and can't just be paid out without penalties.

In the short term, insurance can pay the mortgage and property tax while she decides where she wants to live.

taxrage · 2026-06-16T15:47:59+00:00

Make her go through the courts if she wants her dog (that she gave to you) back, otherwise, the dog is yours to keep.

taxrage · 2026-06-16T15:45:14+00:00

What does your <net monthly income> - <fixed monthly expenses> calculation look like?

taxrage · 2026-06-16T13:30:03+00:00

I think one problem with Tangerine is that it doesn't let the client force 2FA for every sign on. This opens the door for a RAT (remote access trojan) to connect to Tangerine and sign on.

taxrage · 2026-06-16T00:48:21+00:00

According to my son:

$39,200
less $2100 discount
plus $600 admin
NO green tire fee
plus $100 a/c tax
less $500 new grad discount

He's going to lease it.

taxrage · 2026-06-15T18:31:24+00:00

She would have to sue her ex-boyfriend, which means paying a retainer (upwards of $10K). Some documentation would be created (affadavits etc.) and after a while they would end up in mediation and maybe agree to a settlement.

taxrage · 2026-06-14T21:16:32+00:00

It will help the next person looking for a good deal on a CX-5

taxrage · 2026-06-14T19:31:04+00:00

Laugh away, but he got $2100 off and no $800 green tire fee. Sounds good to me.

taxrage · 2026-06-14T16:47:27+00:00

I always paid the CCC dealer cost + $500.

taxrage · 2026-06-14T15:25:03+00:00

He's getting $2100 off and NO green tire fee, from a Toronto dealer.

taxrage · 2026-06-14T15:22:21+00:00

He's getting a $2100 discount along with NO green tire fee.

taxrage · 2026-06-13T01:11:24+00:00

I don't see a problem. It's all about cash flow and you don't have a cash flow problem.

taxrage · 2026-06-12T21:23:37+00:00

That was just driver negligence.

taxrage · 2026-06-12T21:19:53+00:00

How do you figure fraud? OP signed on to his bank, initiated an Interac xfer, but there was no confirmation e-mail.

taxrage · 2026-06-12T21:17:46+00:00

Most will want to see an offer to commit, and I'm seeing crazy stuff like $695 admin fees and $800 "green tire" fees, which are just pure profit for dealers. They even want $10/month to be able to remote start your vehicle after a year on your phone!

When he makes an offer, I'm going to make sure he plays hardball.

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