Hello RFD community, This must have been asked before. If yes, please provide me with a link to those posts. I looked and they were slightly different from my situation. sincerely appreciate the help I am a Canadian resident, employed in tech, working from home. Married to a US citizen. She's doing ...
Nov 2nd, 2022 11:29 am
I'm closing on a condo in the next month. I have 100k in shares in my margin account, which I want to retain. My mortgage has been approved and I can afford everything as planned. My dad mentioned to me that I can actually sell my shares and use it towards the condo. Then take 100k from the mortgage...
Sep 14th, 2022 9:02 am
I've been reading through these forums for many years and I think this is the right place to get some advice. I'm struggling with how to allocate current available funds in order to reach our goals. We'd like to do some renovations in our home we purchased a year ago in order to update a few things....
Dec 29th, 2020 9:57 am
... I'm also thinking that I should use my HELOC to buy out my car loan (to reduce interest from 5.99% to 2.65%). I'd also appreciate any general financial advice on what I could be doing to set myself up for future success (e.g. should I be leveraging my HELOC to invest?). Here are some of my ...
Dec 28th, 2020 10:48 pm
Hello, My wife and I are teachers in an isiolated Northern community. We're in our early 30s and we're finally debt free. We're not homeowners as housing is included with our employment. My income is tax exempt and I'm currently making $85,000/year. I have a part-time business which is also tax exem...
Nov 16th, 2020 11:18 pm
I divorced 4 years ago, my ex wife told me that will be ok to have one lawyer to sign separation agreement, we can split cost for lawyer. She found a lawyer who did agreement for us. On that time verbally we agreed that I’m going to pay 1100$ for child, it will include everything.After signed agreem...
May 6th, 2020 11:46 pm
Quick scenario. I was out of work for a good year and we got tied up, uneducated suckered into "no employment 2nd mortgage". Whatever, said and done. Things CAN pick up now but its a struggle. I put together a plan involving our pays after tax. Such as snow ball solutions, but my wife does...
Dec 13th, 2019 4:29 pm
I am in a tough situation with paying for my school tuition. I am currently enrolled in a Carribean school and have 2 tuitions left to pay. The previous 8 tuitions were paid in full. I calculated the average cost for me to graduate from my current standpoint including my tuition, living expenses, St...
Hi there, I would like some guidance and suggestions on my financial planning before I seek an advisor. I recently bought a 2+1 condo for $740k with $270k down. I do think that I bought the condo at a very good price; I see a good potential in decent capital gain in a few years; I do plan on living ...
Dec 25th, 2018 11:28 am
I am new to rfd finance forums. I have been reading it for a few months now but never posted. Here are some details first. married couple with 2 young kids. both in 30s. currently wife is on mat leave until next year. detached house in the gta and no mortgage. household income from both working is a...
I have a question regarding the shareholder's loan, I need to be 100% sure that what I am doing is legal and it won't be challenged I need to borrow money from my company, I will set an interest rate for that loan as prescribed by CRA and plan to return money not by the end of the year when I borrow...
May 16th, 2018 10:13 am
Hi all, looking for any type of info that would help. Girlfriend bought a 2013 Ford Fusion in July 2016. Financed it through local car dealership with a trade-in for her existing Jeep. Terms are: 6 year financing at $250 bi-weekly. Current balance left is $22000 ( will be done July 2022 ) Now....car...
Mar 2nd, 2018 9:52 am
Free advice are generally what it's worth and could cause massive losses. Thoughts?This is more dangerous than me calling someone a dumbass.
Jan 26th, 2018 2:17 am
Hi all, I am in my mid-20s and recently my dad retired and my parents (dad is in 60s, mom late 50s) and younger sibling (24) moved from the Middle East to Canada. As I am the only one working and earning, I have to support them financially and wanted some advice. Hence my post/rant. To give you a br...
Sep 28th, 2017 8:16 pm
I have about 10 credit cards and carry balance about $150,000 and spouse have about 4 credit card and carry balance $50,000.Total credit card balance me and spouse about $200,000. Car loan: I pay $188 bi weekely for my 2015 honda ( i bought it dec.2014) Too much credit card balance because our expen...
Jul 14th, 2017 3:33 am
Hi, just looking to get advice from you guys, i was in first year univ at york and i had to drop all my courses and it was after the deadlines for refunds so they are saying i owe them for all of it. its about $4-6k reason i dropped the courses and personal stuff with my family as well as depression...
hey all, just want some opinions/advice I want too do. I have a $11,00 car loan & a $15,000 student loan and make around 80k a year. My expenses are around $2000 a month, after my expenses my extra income is around $1900-$2200 a month. I just turned 24 and want to buy a house in the next 2-3 yea...
Dec 27th, 2016 6:40 pm
I bought a car about 10 months ago and used my LOC to pay for the car. The interest rate on the LOC is 5.34%. I currently have just under $3870 left to pay off my LOC. I have over $5000 in cash sitting at home but not sure when and for what I may need it. Should I use that money to pay off the whole...
Dec 23rd, 2016 3:23 pm
I am thinking of working for one of the 4 BIG banks here in Canada, was wondering what I need to do in order to get hired?Any helpful advice will be much appreciate it.
My dad is retired and he was advised by a banker to transfer his 20K from chequing acc into TFSA mutual fund portfolio (CIBC) 3 months ago. Now he sees loss of $750 as of this week. He is worried it may drop further , he is planning to change to regular TFSA , do you think it's a wise idea or should...
May 13th, 2015 10:05 pm