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  • Living off investments (and reducing taxes)

    Let's say you have a sufficient capital base which you are able to invest and produce returns sufficient to pay your cost of living as well as grow your capital. So as not to muddy what the investment strategy lets suppose I'm particularly adept at earning 1% a year on a capital base of $60,000,000 ...

    • eldeejay
    • Sep 8th, 2017 11:06 am
    • Forum: Investing

  • Tenants Gas shut off

    My tenant had their gas shut off. This is the end unit (Ontario) of a 4 unit row house. If they can not pay to get the utilities back on they will need to be evicted. Looking for direction as which form to supply and if this has happened to you previously? All units are separate metered and in tenan...

    • carpent
    • Aug 31st, 2017 4:15 pm
    • Forum: Real Estate

  • Paid off a personal loan early and getting refund for insurance

    I've just paid off a personal loan 10 months earlier than the term (yay!). A couple of people at work who have worked in banking said I can ask for whatever remainder of the loan protection insurance to be refunded to me in this situation. So I've made an appointment with an account manager. When I ...

  • Paying off car loan and using payments for RRSP?

    I have a personal finance question...I have a car loan at 4.99% with a balance of $17,000. I was thinking of paying it off with my TFSA (my balance is $65k and my wife's is $52k). My wife also works very part-time so she is in a lower tax bracket than me. I'm currently paying $250 bi-weekly on the l...

    • Brock15
    • Jul 31st, 2017 1:46 pm
    • Forum: Personal Finance

  • When rental property is paid off

    Hello red flag peeps. I'm sure the topic of pay down mortgage on rental property vs investing has been played out.. it does sound tempting to refinance my rental properties to have a larger mortgage interest amount to deduct against my rental income. It sounds good when my mortgage interest rate is ...

    • MichaelJ453
    • Jul 21st, 2017 3:33 pm
    • Forum: Real Estate

  • Writing off Blog Expenses as a Business?

    I write a travel/photography blog and from my research it seems I would be able to deduct blog expenses as a business expense. I'm not currently earning anything off the blog, but hope to in the future. Some costs seem pretty straight forward - hosting costs, domain, advertising costs, etc. But what...

    • PhilipT
    • Jul 18th, 2017 12:13 pm
    • Forum: Personal Finance

  • Pay off car or not?

    I bought a car last year for 28k and financing at 2.99% for 8 years since I extremely tight on cash at the time (also bought a house and got **** with unexpected expense.... or I would never finance a car!). fast forward to now, having around 30k cash in my checking accounts, would it be wise to jus...

    • fallengod
    • May 22nd, 2017 1:01 am
    • Forum: Personal Finance

  • Paying off major chunk of mortgage right before contract end date

    Hello, A friend bought a house back in 2012 with a 5 year fixed mortgage, her 5 years will be over next month. According to her, she has made/saved enough to pay off ~90% of her mortgage amount now and wants to go ahead & pay it off . How would this work out ? She pays the amount right away before e...

    • fizz1234
    • May 11th, 2017 1:11 pm
    • Forum: Real Estate

  • Pay off debt.

    I have never really posted to this forum before but am looking for some advice as I have gained so much understanding of personal finance over the past few years from following this forum. I am currently in a situation where I have about 15k in student loan debt with interest at prime + 2%, 4k in li...

    • tdaniels
    • Apr 23rd, 2017 8:31 am
    • Forum: Personal Finance

  • 20% downpayment on a house or 10% + pay off car loan

    Need some financing advice. Should I put down 20% downpayment on a house (@2.6% mortgage interest) and avoid cmhc fee or 10% downpayment on a house with $16,000 cmhc fee + pay off my car loan ($53000 @ 5.2% interst rate)?TIA

    • mphung22
    • Mar 7th, 2017 10:57 am
    • Forum: Real Estate

  • Paying off student loans question

    My loans are entering repayment soon as I'm no longer a student (I'm in interest-free status right now). I'm in BC. I can pay off the entire balance at once. My questions are: 1) Is there anything from the NSLSC-side preventing me from doing this? i.e., "you can only pay x% off at once." My historic...

    • Djb990
    • Mar 3rd, 2017 11:49 am
    • Forum: Personal Finance

  • Pay off mortgage faster?

    With the low interest rates we pay these days, is it sensible to pay off your mortgage faster? I just signed 2 year fixed at 2.09%. Or should I first use my RRSP / TFSA / RESP and buy some funds that would give at least 5% in the long run? What's the better option and why?

    • Raww
    • Mar 2nd, 2017 2:16 pm
    • Forum: Real Estate

  • Sell home and rent to pay off debt?

    Looking for some unbiased advice, as we are having some mixed feelings about what to do. I'll try to keep this as short as possible. Have about 35K in debt. We've had debt for a while now (5-10 years), over the last several months/year curbed spending and really made improvements on spending habits ...

    • redgrandam
    • Mar 2nd, 2017 1:37 am
    • Forum: Personal Finance

  • Toronto RE "heading off a cliff" ...Sunlife Chief

    BMO last week, Sunlife this week, its getting louder lately....https://www.bnn.ca/toronto-housing-market-heading-off-a-cliff-sun-life-s-adatia-1.678530http://www.mortgagebrokernews.ca/news/analysts-weigh-in-on-recent-toronto-market-developments-221633.aspx

    • joepipe
    • Feb 23rd, 2017 9:49 am
    • Forum: Real Estate

  • Downsize to pay off debt, does this make sense?

    My cousins home is appraised at 500,000. They owe 300,000 on the mortgage. They are looking to sell their house to take advantage of the hot GTA housing market, and get a brand new build out in Quinte West. They have about 80,000 in debt, so their train of thought is if they sell at 500,000, and buy...

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