Wondering if anyone done a such thing. Assuming that I currently have the following assets in a non-Wealthsimple RRSP account: CA stocks / ETFs / CAD cash balance US stocks / ETFs / USD cash balance Canadian mutual funds (TD e-Series funds) Will I be able to keep ...
Dec 11th, 2021 9:55 am
... a personal hobby that I'll be turning into a business venture. I'm exploring folding it into my existing corporation. My existing business has low assets but the new venture requires fairly expensive tools that I acquired personally when it was still a hobby, and expect I would roll them over into ...
Dec 1st, 2021 1:00 pm
... earnings which equals net income. Retained earnings = Net income: ($I - $X -$depreciation) There is no liability. There are no shares. i.e. Assets = Equity Assets are just this capital asset, and retained earning as cash. Assets = ($A - depreciation) + ($I - $X -$depreciation) Retained earnings ...
Nov 23rd, 2021 6:31 pm
A bit of a strange question but does anyone have any strategies for leaving money in a will? My dad wants to draw up his will in a way that he can leave something to my brother and to my brother's estranged kids. The other concern is that my brother is not good with money and if he were to receive a...
May 28th, 2021 12:33 pm
... business/hst number with CRA. After everything is done I close my accounts in sole proprietorship. However I am not clear about "Section 85 assets rollover", especially how it affects my situation. I only work for one client and I only use my computer. So I am not sure how to valuate ...
Feb 28th, 2021 4:21 pm
We're looking for buying distressed assets such as motels, restaurants, travelling agencies and schools, preferably in GTA area.Does anyone know where is the best source to find those? I'd like to have access to their reported financial informations to do a throughout due diligence.Many thanks!
Sep 26th, 2020 10:20 am
... dollars in debt that they could not pay. But now, the same family that own Cranbrook Enterprise Inc (The company that owned Henry's) bought all assets of the bankrupt company under a new name Henry's Inc. Both company have the same ownership. Buying assets from the now bankrupt company saves ...
Sep 14th, 2020 12:31 am
Just visited my folks for the first time in 6 months (thank you covid) and turns out they're in bad shape health-wise. Neither of them are able to care for the other and aren't able to do any banking, shopping, cooking etc. We've gone though all their belongings and can't locate anything more than o...
Aug 13th, 2020 4:58 pm
So, I heard through someone close to me that our federal government is exploring the idea of taxing our net assets as a source of additional tax revenue. It sounds like the initial calculations are being run at a tax rate of 1% on a very high amount of net assets and I predict ...
Jul 14th, 2020 10:00 am
https://news.sky.com/story/coronavirus-supercar-maker-mclaren-axes-quarter-of-workforce-11994843So typical RFD fashion, 50% off 720S?
May 26th, 2020 10:11 pm
... being a min wage earner. We have a child who is 14 years old. We decide to divorce. Does it mean that 1. Whatever bank balance (money, stocks) assets (house, car) we have at point of divorce will be divided 50 -50 or will I lose more in case child decides to stay with Mom? 2. Will I have to ...
Nov 15th, 2019 7:57 am
Hi, I am looking at buying a online business that is incorporated in Ontario. The company has assets of website, domains, trademarks and goodwill. I am based in BC. Seller has a asking price of 200k and wants to sell Shares of the Ontario Corp so they can avail of Capital ...
Sep 19th, 2019 5:56 pm
Hey Ontario RFD's, I recently received a notice on my OSAP requiring me to confirm my income and assets on my application. I am not sure where to upload this documentation as on the request it said to submit to my financial aid office but when I went to the office they ...
Couple married 5 years. Wife claims husband refused to make more money than she does, refusing to apply himself at work etc. Husband refused to co manage finances during the 5 years and now, under financial strain, wife opens up incorporated business based on her education acquired prior to the marr...
Jul 19th, 2019 4:20 pm
... the ETF be picked based on the following criteria? With #1 having more importance than #4. 1. How well the ETF tracks the underlying index 2. Net assets (ETF still being around in 30 years?) 3. MER 4. Inception date QQC.F - Nasdaq 100 Hedged -Net assets: $127,603,355 -MER: 0.33% -Inception date: ...
Apr 3rd, 2019 1:24 pm
I have a TD direct inverting account which charges $9.99 for every trade. Does it make sense to purchase stocks in a non-registered account and transfer them over to TFSA? I'm thinking this will save a couple hundred dollars of contribution space. I don't think there are any fees involved in this un...
Looks like the Saudis are escalating this now...https://business.financialpost.com/news/economy/saudi-arabia-sells-off-canadian-assets-as-dispute-escalates-ftIf you didn't think 20,000 people leaving affected RE, this has to have some affect financially now.
Aug 8th, 2018 7:45 pm
The Saudi central bank and state pension funds have instructed their overseas asset managers to dispose of their Canadian equities, bonds and cash holdings “no matter the cost”, two people with direct knowledge of the orders said. from https://www.ft.com/content/b33505ba-9aff-11e8-9702-5946bae86e6d
I'd like your input on where to put additional funds because I'm hesitating between 2 alternatives. Here's the info: Mine: RRSP: VCN/XAW/ZAG (Maxed out) TFSA: MAW104 (Maxed out) Wife's: RRSP: Available room as she's only contributing to get her employer matching contributions. TFSA: TD e-Series CCP ...
... both work. Basically, over the last 10 years our debt level has not dropped (still in the 200k mark, this is including mortgage and vehicles). Our assets have gone up considerably (house value has doubled, we both have good work pensions).. some RESPs for the kids (probably not as much as I should ...
May 17th, 2018 10:13 am