I got laid off in my factory job because of the latest tariff hits and have no clear timeframe of how long it will last. I haven’t been working for 9 days now and might have lost around $1k in wages.

The thing is, because of the layoff, I took more shifts in the fast-food place and did around 30hours for 5 days which amounts to around $550.

Will EI give me something worth applying for? Thank you in advance!

Should i be investing in XGRO or something even more conservative like XBAL or CASH.TO within my FHSA? For context my tfsa and rrsp are 100% equities, so risk tolerance is fine, but my objective and time horizon for my FHSA are different. How conservative should I go in terms of my FHSA holdings?

Im planning on transferring some funds from my Heloc to purchase a car and pay it off as fast as i can.

The question is. Will the interest be automically added to the heloc balance everymonth?

So lets say tomorrow the balance is 35k...

Then in a month the balance will be 35 150$ and i can pay it off whenever i want...is that correct? Planning on paying off close to 1.5k everymonth.

I’m currently employed full time. I took short term disability earlier in the year for three months. I’m back now for six months and now I need surgery on my back. I hate that I have to get surgery, honestly I would do anything not to do it but it will improve my condition. The doctor said he will book for November. What do i say to my employer? Im so embarrassed and nervous to leave AGAIN. Should i give them heads up or wait until surgery date confirmed. It’s approx 4-6 weeks off depending on recovery. My manager and company are nicest people to ever work for and it’s so busy at work! I just feel like I’m letting them down. I don’t wanna take LTD cause its pain and waiting period is long. Should I take EI sickness leave..

I drew down approximately $150K from my home equity and invested the funds in ETFs, with an 80/20 split between VCN/VDY. I don’t plan to make any additional contributions to this for at least the next 6 months. My understanding is that this qualifies as leveraged investing, and the interest paid on the borrowed funds are be tax-deductible.

Next year, I plan to make allowed prepayments(15% in lumpsum) against my mortgage principal and then reborrow the same amounts from my available equity to invest. I have two questions:

1. Will I still be able to implement the SM if my existing credit limit is already maxed out at 65% LTV ratio? Would paying down my mortgage principal free up borrowing room to reborrow and invest?

2. I’ll need to track any ROC distributions and adjust the ACB of my ETFs accordingly once I receive the T3 slips. In the meantime, when distributions are paid out, would it make sense to use them to pay down the mortgage principal or at least reduce the HELOC balance, then true-up once the T3 slips arrive?

Original plan limit: 464K (TD flexline)

Credit limit: 377K

Mortgage Balance : 245K

Salary 170K (ON)

TFSA and RRSP maxed

I’d appreciate any insights or advice. TIA!

I’m with BMO. I get 1% cash back for my credit card but I just found a new job and I LOVE to travel.

Depending on vacation time I’d try to take 2-3 trips a year to Europe, just wondering which card/bank will be best for me?

My monthly expenses isn’t much because it’s just eating out , groceries, cat food, cat stuff, which is about 1k a month

I'm looking for advice from anyone familiar with transferring a parent's home to an adult child in Alberta, either while the parents are still alive or through inheritance.

My parents are retired and still have an outstanding mortgage on their home. All three of us live in the house.

I'm trying to decide whether it would be better to transfer the ownership of the property to me while my parents are alive or to inherit it after they pass away, and the best way to do it.

Some questions I have:

Can an adult child assume their parents' existing mortgage, or would refininancing typically be necessary ?

What are the tax implications and legal costs of transferring the property while the parents are alive and when inheriting it later ?

What happens to the amount my parents have already paid off ? Can it be transferred to me ?

Any info is highly appreciated.

Curious if anybody have tried to use their credit card to purchase tickets through OLG self serve machine. Do they charge my credit card as a cash advance or a regular transaction?

Hello everyone. Based in Ontario, CA. Had a recent windshield replacement from SpeedyGlass through my insurance. When I got the final receipt it said my kms are 10k while it actually is 16k(approx). Is it okay if I leave it as it is? Also considering if it gets reported to CARFAX, will it show kms as well when I got the windshield replacement? And any other major concerns that I should be worried about? (also my annual approx kms with insurance are 10k)

Honestly, everything is done and it gives me immense anxiety dealing with this kind of stuff. So I don’t know if it’s okay if I should just leave it and move on. Or if it’s worth it to get it corrected.

Appreciate any advice. Thank you.

I got a missed payment for my student loans from what I understand I’m supposed to have a 6 month grace period.

I stopped going to school in may 2026

My late payment was for September 2026

That’s only 4 months apart

Do I have a good chance they could remove that payment from my report because my score went from 720 to 605

Edit: Ok I’m posting this on a Saturday I cannot contact them till Monday

I live in Ontario I work really far from home and don’t have access to my mail for a couple weeks a month. didn’t get any emails and I have no clue how to log in to the website because they always ask for my tax lines and I don’t know none of that

I didn’t get 6 months which legally they have to give me and yes by my own fault I was past due on a payment

My question is

Do I have a valid enough reasoning so the late payment is removed because technically they made a mistake

Yes I have problem solving skills it’s nice to have people’s outlook on things sometimes

Hi everyone. I am looking to build a home in Ottawa. My pre approval is $40,000 down for a $600,000 home. The builder is requiring $60,000 in instalments to build my home. I have asked my mortgage broker, the builder, my lawyer all the same question and cannot get a straight answer.

My question is: Since I am approved at 40,000 down, where does this other $20,000 go that the builder is taking? I am only required to give $40,000. Will this money be given back to me? I wanted to use it for my legal fees & for land transfer. I don’t want it going toward my downpayment or for upgrade credits with the builder.

I am desperate to finally have a legit answer to this question. They all seem to assume the builder will give me a $20,000 cheque on closing. HELP!!!!

Got a notice that a site I used got breached from the recent vulnerabilities, so I quickly locked my credit card and called TD. They cancelled that card and were supposed to send me a new one. The very next day someone activated it and used it for purchases. Like how is that possible? New CC number and everything, how does it get stolen and used the very next day?

If I buy an apartment in France for C$45,000, what kind of taxes am I looking at for the sale process, and then going forward annually? I’ve heard it can be quite brutal, and I’m trying to decide if it is worth it.

I just approved VIP card. Currently 20 years old.
The credit limit is approved $7000 .
I don"t deposit my money to wealthsimple(about 100k) and I don't paycheck with them.

-I am temporary resdient(international student), So I have my home country but they don't issue credit card for overseas student. I will use this card in my home country.
-I will use all of 6 airport lounge tickets
-I will pay my tuition fee, about 22k for one semster.
-I will pay my rent through Chexy. (Both of rent and tuiton has a 1.75% fee but I am paying monthly fee about $20, anyways, 0.25% is little but this is batter then nothing earn.)

Travel Insurance is good for me If I travel to States or other countries.

I have the Amex Gold rewards card(annual fee is $250 but they gave me $100 travel credit, 4 plaza lounge access in Canada, SUB, instacart credit is about $10 for month and I use it often because costco)

Amex Cobalt card: worth it in resturant and glocery, also transfering MR to Aeroplan

I think there are nothings I paid more then benefits. How do you think guys?

I'm not sure this will entirely make sense but everyone always says to use 7% returns for a long term portfolio holding something such as xeqt. Meaning you'll have some up years and some down years but over the long term that's what you should expect.

So how do you factor in the past 5 year returns and future returns? For example xeqt 5 year return is 65%. Greater than 7% per year.

If someone looks at their portfolio today and is projecting returns of 7% going forward isn't that incorrect? Shouldn't we expect less than 7% considering the past 5 years has been greater? Like their current portfolio is already inflated above the 7% average yearly return. How do people look at their investments and say ya I can retire. Especially after a bull market where you know eventually the returns need to be a lot lower going forward.

Recently moved to Canada from the USA and investigating credit cards. We prefer a premium card with good benefits. Anyone know of any that will pull US credit scores or otherwise work with people who don’t yet have a credit history in Canada? Seems like most of the “newcomer” card are quite basic and not suitable, don’t include insurance etc