All Questions
117
questions
1
vote
1
answer
557
views
What can I do with $15k and 2k/month in savings?
I'm 27 and I live with parents at the moment. I save 2k a month without fail. I have 17k loan on a car (there is no building interest, as in I won't pay more if I pay it out longer). I also have 17k ...
- 111
9
votes
8
answers
13k
views
Losing Money with Norbert's Gambit
In attempt to avoid the usual 1.5-2% exchange fees levied by brokers, I perform Norbert's gambit: I purchase DLR.TO in CAD (Canadian dollars) from TSX, journal it over to DLR.U.TO, and then sell the ...
- 101
1
vote
1
answer
229
views
Where to start with personal finance in Canada?
This will obviously differ by situation, and might be overly broad, and very closely related to Where to start with personal finance?.
But how about some Canada specific answers?
Say you've reached ...
- 129
2
votes
1
answer
2k
views
How to invest in stock market for a Canadian expat (non tax-resident of Canada)?
I am a Canadian citizen but non tax-resident of Canada. I am currently working in China and paying my taxes there. I previously had an investment account with BMO Investor Line in Canada but they do ...
- 121
1
vote
2
answers
170
views
Are GICs a reasonable investment within a TFSA?
I have a TFSA with ~$15k in it. ~$5k is invested into a 0.9% GIC, for 12-months, but I've been told by nearly everyone I've mentioned that rate to that I was burned, and that my money could have been ...
- 115
1
vote
2
answers
322
views
Is it financially advantageous and safe to rent out my personal car?
Recently, I have found a job in Downtown Montreal, Canada. I also live in downtown and my new job is a couple of blocks away from my apartment. Hence, it's getting expensive to keep my car. I have to ...
- 111
3
votes
2
answers
343
views
Short term investing vs Leaving money alone?
I'm a 22 year old university student.
My summer internship has left me with a single lump payment that is about 2x my yearly expenses. It's currently sitting in my regular account which I use for ...
- 160
2
votes
1
answer
209
views
To What Extent Should You Believe Multi Family Real Estate Listings?
I see this sort of listing all too often for multi-family apartment complexes:
Excellent Investment Opportunity! 12-Unit Residential Building.
$2,100,000 list price
$284,000 yearly rental income
$79,...
- 145
-1
votes
2
answers
695
views
Any Tips for Renting Out All Rooms in House? [closed]
Looking to buy my first house by the end of the summer to be used strictly as an investment rental income property, general real estate holding.
5 bedrooms, and if I can re-develop the basement to ...
- 145
-2
votes
1
answer
137
views
Is it smart to take OSAP student loan right now?
I am going to grad school in Canada this September and have a chance to borrow ~$15000 at a rate of prime+1% (provincial loan) and prime+2.5% (federal). I would guess the 15000 is split 50-50 between ...
- 101
4
votes
0
answers
118
views
What's the tl;dr investing rules for married Canadian citizens when one partner happens to have US citizenship?
Canadians with US citizenship have several things to consider regarding investments:
Canada's Tax-Free Savings Account (TFSA) is not considered tax free by IRS, and filing taxes may significantly ...
- 141
1
vote
1
answer
105
views
Tax Efficient Medium Term Investment Options (Flexible Timeline)
I have recently opened up a new taxable investment account with the intent of growing my money set aside for short to medium term financial goals (i.e., 2-5 years with no fixed deadline).
Unlike my ...
- 145
1
vote
2
answers
142
views
Should I sell/transfer an investment and pay capital gains tax, if it means investing it most wisely?
I married someone with about 100k in an investment portfolio that I do not think aligns with our financial objectives. I want to transfer this to a new joint portfolio (new institution too), but doing ...
- 113
2
votes
1
answer
271
views
Age 24, with $12k saved, in Canada. Should I invest or save for a condo down payment? [closed]
Not to finance-savvy. I am 24 years old with about $12k saved. Working full time. No debt. No investments.
What should I be investing in at this age? I was thinking of saving about 20 percent down ...
- 353
6
votes
3
answers
2k
views
Should I Pay Off my Student Loan Debts First or Invest in an Index Fund?
I am an Albertan currently about $8,000 in debt from student loans. Roughly $5,500 of this $8,000 is an Alberta Student Loan, while the rest ($2,500) is from the National Student Loans Service Centre (...
- 515