https://ca.finance.yahoo.com/news/canadian-press-newsalert-ottawa-defers-153241366.html

I was holding Global X High Interest Savings ETF (CASH.TO), and everything seemed stable until a sudden drop in price as seen in the chart. (Not able to attach picture)

I thought cash ETFs were supposed to be relatively safe and stable, tracking high-interest savings accounts.

Is this a normal fluctuation, or does it indicate something more concerning?

Just need some insights as I am new to this.

https://www.canada.ca/en/department-finance/news/2025/01/government-of-canada-announces-deferral-in-implementation-of-change-to-capital-gains-inclusion-rate.html

News release January 31, 2025 - Ottawa, Ontario - Department of Finance Canada

Today, the Honourable Dominic LeBlanc, Minister of Finance and Intergovernmental Affairs, announced that the federal government is deferring—from June 25, 2024 to January 1, 2026—the date on which the capital gains inclusion rate would increase from one-half to two-thirds on capital gains realized annually above $250,000 by individuals and on all capital gains realized by corporations and most types of trusts. The capital gains inclusion rate represents the portion of capital gains that is taxable.

To ensure most middle-class Canadians do not pay more tax once the capital gains inclusion rate is increased, the government will maintain or enhance existing capital gains exemptions while creating a new investment incentive.

The capital gains exemptions being maintained and created would include:

Maintaining the Principal Residence Exemption, to ensure Canadians do not pay capital gains taxes when selling their home. Any amount they make when they sell their home will remain tax-free. A new $250,000 Annual Threshold for Canadians, effective January 1, 2026, to ensure individuals earning modest capital gains continue to benefit from the current one-half inclusion rate. Capital gains, including on the sale of a secondary property, such as a cottage, will be eligible for the $250,000 annual threshold, meaning a couple selling a cottage with a $500,000 capital gain would not pay more tax. Increasing the Lifetime Capital Gains Exemption to $1.25 million, effective June 25, 2024, from the current amount of $1,016,836 on the sale of small business shares and farming and fishing property. With this increase, Canadians with eligible capital gains below $2.25 million would pay less tax and be better off, even after the inclusion rate increases on January 1, 2026. A new Canadian Entrepreneurs’ Incentive, to encourage entrepreneurship by reducing the inclusion rate to one-third on a lifetime maximum of $2 million in eligible capital gains. This incentive would take effect starting in the 2025 tax year and the maximum would increase by $400,000 each year, reaching $2 million in 2029. Combined with the new $1.25 million lifetime capital gains exemption, when this incentive is fully rolled out, entrepreneurs would pay less tax and be better off on capital gains of up to $6.25 million. The proposed implementation date for the increase in the Lifetime Capital Gains Exemption and the introduction of the Canadian Entrepreneurs’ Incentive would not change.

The government will introduce legislation effecting the increase in the capital gains inclusion rate, the increase in the Lifetime Capital Gains Exemption and the introduction of the Canadian Entrepreneurs’ Incentive in due course.

Quotes “The deferral of the increase to the capital gains inclusion rate will provide certainty to Canadians, whether they be individuals or business owners, as we quickly approach tax season. Given the current context, our government felt that it was the responsible thing to do. I look forward to further conversations with Canadians on how we can ensure Canada’s fiscal policy encourages robust and sustained economic activity in every region of our country.”

• The Honourable Dominic LeBlanc,

Minister of Finance and Intergovernmental Affairs

Hello All,

I currently own an old house on a large lot in Kamloops, BC.

Our Lot : 9000sqft, the city has a vacant lot beside ours which is approx 14500sqft.

The city wants to do a land assembly to build a seniors home.

They will be reaching out to us in March to discuss the details.

What should we expect? I know the zoning and permits won't be an issue, because the city said this is a hotspot piece of land.

Any insight or previous experiences, I'd love to hear.

Thanks!

Just received an email from Questrade that you can now do journalling requests without needing to contact customer service. This makes Norbert’s Gambit easier to do now.

Great right? Well, they are now going to charge $9.95 per journalling request instead of the prior free option. You would think automating a service and not requiring customer service staff to manually do it would make things cheaper and not more expensive, I guess not.

Details here: https://www.questrade.com/learning/investment-concepts/dual-listed-securities/journaling-shares

Hi all,

I signed up for a fit4less membership at one of the self serve kiosks, used my debit card to pay for the initial payment, and had to put in my banking info for future payments. Turns out I put my banking info in wrong, I didn’t know I would need it and had to go off memory. They emailed me shortly after requesting I give them the correct information so they could charge my account. I haven’t been back and have decided I don’t want to continue my membership there. However, they have now emailed me saying I’ve missed a monthly payment and will have to pay that plus an extra 25$ fee for missed payment, and if I want to cancel I have to pay another month they require 30 days notice. Jw, as they don’t actually have my correct banking information, if they can actually do anything that will impact my credit or myself personally if I just don’t pay?

Hey so I'm trying to send a payment to CRA since I kept getting GST/HST and carbon credit after I left Canada in December 2023 but every time I try there's always something wrong. I have been trying to pay for MONTHS. First I got a message that transaction cannot be completed and now when I proceed to payment the page to fill put my card information is blank.
I'm no longer in Canada so paying by debit card is the only way I can use. My country no longer uses cheques. Not sure what to do and it's driving me nuts that I can't pay even if I wanted to.

Hi everybody.

I’ve been living in the UK since September and I’m wondering if I can contribute to my TFSA/FHSA from abroad? I’ve maxed both accounts out until this year.

Some info that may help answer the question:

-My income since moving has been about $20,000 cnd (roughly £10,000 from my job in UK) -The money to be maxing out my TFSA/FHSA would be coming from my Canadian margin account on QT. My TOTAL income for 2024 was ROUGHLY $40,000cnd ($20,000 working in Canada, and $20,000 in UK)

Thanks in advance :)

I made a post a few months back regarding my portfolio manager, who charges 1.5% fee. I started with this manager when I was rather financially illiterate, and have since learned about the importance of fees.

The manager has me basically in a couch potato portfolio consisting of xgro, gold, and crypto. Nothing else.

I told him I was leaving, and he said he would drop the fee to 0.75%. Something I feel like I could easily do.

I don’t really get any other information from his team other then “ we’re going to max out fhsa, tsfa and then rrsp”

Is a 0.75% worth staying?

Feel free to be as critical as needed

I am looking to understand the what my contribution room would be following removing money the prior year.

Hypothetically:

Say I deposited $10,000 to my TFSA in 2023.

By 2024, that $10,000 is now worth $12,000 and I withdraw the full amount.

Come 2025, when i receive back the contribution room relating to that withdrawal, how much would that contribution room be - $10,000 or $12,000?

Curious why people don't apply CAGR when it comes to housing appreciation?

Often it's %differnce over x number of years, but housing as an investment also experiences compound growth

What am I missing?

I have about $100K in a high interest savings account. It earns very little; maybe $80 a month in interest. I left it in a savings account so that it was accessible to me for urgent requirements but I'm at the point now where I find I don't need to get at it. I also am debt-free at the moment.

I was thinking of maybe looking to invest some or all of it so it can grow a bit but with the very likely economic instability coming in the immediate future, tariffs and canada/us relations being what they are, what's the safest way to have it grow? Note I am 61 and I will be retiring in the not too far future (2 years) so I don't want to tie it up long term.

Thoughts?

I recently had some endodontic work done. A tooth that previously had a root canal got infected, so the root canal needed to be redone.

The endodontist charged me for: #1- The root canal, and

#2 - A fee for performing the procedure through the existing crown.

During the procedure, he cracked the crown which needed to be completely removed and replaced.

I'm totally fine with #1, because shit happens. The old root canal was 20 years old from a different dentist in another country. I'm annoyed at #2 however, because it was a surcharge for something that wasn't done properly.

Would it be normal to pay for #2, since it wasn't succesful?

Hey everyone. I was laid off from my full time job. I also own a part time business/corporation. i was honest with my ei application and they approved it. I keep all the corporation money separate from my own and I do not "pay" myself anything as its a newer business and im trying to recoup the exspenses. So I technically volunteer lol.

So what I'm wondering is, if my corporation makes money, do I have to report it as income? even though the corporation makes it and not myself?

I opened a RESP account at TD direct invest for my daughter. Now we have just moved from Canada to the US. After I told TD about my move, they told me that the account is gonna be in liquidation only mode. That is their policy made a while back and can’t be changed. I wonder what my options are if I want to still at least trade. Any other banks or brokerage accepts opening a RESP and allows full buy/sell functionality for US residents?

Hello,

In the past when doing my taxes I was disorganized and lazy. When filling out my Unused RRSP Limit carried forward from past year I made educated guesses.
Q1) Is the room the CRA site shows today based on my actual income and contributions? I would assume so but just want to be sure.

Q2) I have a large chunk of room and can put a dent in it this year which I want to do. I believe I should contribute enough to lower my tax bracket. As the first tax bracket is 15% of on first $55,867 earned. Should I be contributing $X… Where ”my income this year” - X = less then 55,867? Again I assume so but want to be sure.

Q3) How do I determine my HBP remaining? I used 25,000 and I’ve been using 1666.66 towards repayment each year. Again want to double check if I missed a year.

Q4) If I have any extra it would go TFSA

Looking to potentially sell my car but have never used clutch. They have a good quote on the car, but I wanna make sure everything is legit and works properly.

Are the scheduled drops day set in advance or can you have a specific date of your choice as I’m looking to sell urgently within the next week?

How long does it take for the money to be transferred?

My cars in excellent condition from the inside and out. How reliable are the reviewers when they come to see the car? Can you challenge them if they challenge your description on the website? Can you negotiate the price of the car further up when at the drop site?

I'm a 25 yo non-smoker Male living in Ontario and looking to get a Term Life Insurance policy of 35-40 years. The best quotes I got from are Primerica (Class 4 after they did tests) of $44 a month for $500,000 and from Equitable Life of $37.5 for $500,000 until I turn 65 (40 year term).

Out of all other companies, which had their premiums for a policy of 35-40 years in mid-high 40s, Equitable Life has this much lower rate. Is there any catch with Equitable Life? I did see that their AM Best rating is A and for Primerica it is A+. Also, what are the payout ratios for both?

Thank you for your help.

I may be leaving my current position, and would no longer have the employer contribution matches into the DCPP account (RRSP is self funded only - I put bonuses directly into here) . Should I move both accounts (if possible) to Wealthsimple? I know little about a DCPP account, so I’m not sure if this is offered by WS.

I will have a new job lined up before I go, but still tbd. Not sure if I can transfer it all over to wherever my next employer will use.

Would appreciate any insight and apologies in advance for my lack of knowledge on the topic.

Hey all, I left Canada mid last year and missed updating personal information for my workplace RRSP account (if it makes a difference, I am working for the same company but in a different country). I planned to do it once I had moved (with a new number and address) but now I can’t access my account because I cancelled my Canadian phone number before leaving so can’t get opt to login. I tried calling few times but no luck - call ends after few rings. Now I am looking for my statement to file taxes and also stop physical documents going to my previously leased place. Any way I can reach out to them without flying to Canada? I tried general email address but no luck. Thanks in advance.

Hello everybody,

Just want to know if this is normal? My wife took 2 years off work to take care of our new daughter. When she returned to work last week she was greeted with a message that our employer kept paying for her insurance while she was gone and that now she owes them $6000 to pay them back for the insurance payments. I've never heard of this happen before so just looking for advice. Thank you

Location: Quebec

I was changing my credit card (previous card started charging me annual fees) and I forgot to update the new card details on my home insurance. It was November - and the home insurance couldn’t charge me for 2 consecutive months and they eventually cancelled my coverage. All these while they sent me letters and communications through Canada Post and they were delivered to me only in January - when I realised about the mess. They ended up charging me $60 for each NCF and $80 for reinstatement ($200 total). My point is - I never received the letters - and as soon as I received the same I acted upon it. Should I reach the ombudsman office to waive this $200? The premium is pretty small and so it went unnoticed at my end.

Does anybody know how this works I got a car financed it and got the loan with cibc the dealership gave me paper and everything but there is literally no loan number on the papers. I went in to cibc to see if the balance and she said she can’t find a loan under my name? Car was purchased on the 3rd of Jan in terms of document signing.

I showed CIBC my paper work too and she was like that’s weird they don’t have any loan number here although the papers have cibc stamped on it.

Just had a random ass idea and now im wondering if this is a practice that other people have thought of

Basically, PC optimum has offers like if you spend $15 at RCSS you get $5 back (5000 PC points). But if the item you want is 4.99 you’d have to buy 4 to get to $15 spent. However, if said item is more expensive at NoFrills for 5.49, could you price match it upwards so you only have to buy 3 ($5.49 x 3 = $16.47)? Obviously this would be worthwhile for perishables only where 4 is too much. Could you do it or would it get denied/system error ?

Annotated screenshot of the statement

I bought a house in April, and just received my annual TD mortgage statement for 2024.

It has two errors:

1. Even though it claims to be the statement "As at December 31, 2024", it only shows payments made through November 1, 2024. It doesn't include the payment that I made on December 1, 2024 (which is and was promptly reflected on the TD EasyWeb interface).

   The "end of period" balance shown is/was precisely matching the balance on easyweb.td.com as of December 1, 2024.

2. The amount of total payments made in 2024 is off by $2.12.

So… they're missing a whole month's worth of payment (yikes) and they're apparently unable to do simple sums in a way that matches what is shown elsewhere on their own site (also less than reassuring).

I've opened a support case with them but it's pretty excruciating to try to explain this to them over a purely text-based medium. Their phone people are also not helpful.

❓ Has anyone else had similar issues with their TD mortgage statements? How did you get them resolved?

Received an e-transfer a couple days ago for 500$. Since I have auto deposited it went straight into my account. Earlier today I get a phone call from an unknown number demanding I send it back or else he calls the authorities. He said he’s currently working with them and this is a huge case. I haven’t touched the money since I’ve received it. I live in Alberta and I am with RBC. Should I contact authorities or should I just send it back and avoid the hassle? Can I really get in trouble for something I didn’t intend on doing?

I'm planning to go UK for the youth mobility scheme. The problem is converting my assets. With my assumptions, I believe converting CAD to GBP has a worse rate than USD to GBP. Since I know how to do Norbert's Gambit, converting from CAD to USD is not an issue. The thing is, should I bring my whole asset (around 20K USD) to the UK prior to departure? Or should I just bring my whole CAD and convert in UK? FYI, I'm not a Canadian PR and the bank of my original nationality doesn't allow me to open an account without visiting in person which is not possible due to personal circumstances.

I have a shared non registered account with my wife which we mainly have ETFs like XUS, XIC, XEF.

Recently, I've inherited a little bit of money which I want to invest as well but keep separate. I keep track of the finances myself but don't want to over complicate with holding the same investments and calculating the ACB down the road.

Can I buy XEQT or Vanguard equivalents such as VFV or VCN? Do I need to worry about the holdings within? Thanks

I believe you're not supposed to close your first account with the bank to maintain credit score, credit limit, etc. Does it apply to Chequing account or Credit Card or both?

Can someone well acquainted with the new legislation explain to me how to proceed correctly?

My dad and sister told me I don't have to declare what I made with UE/DoorDash because I was making less than $30,000 (the required amount to have to request a TIN number)

But now that they introduced this bill starting January 31, 2025 and they will be directly reporting my info to the CRA, I don't know what to do.

1 year ago, DoorDash was requesting that I submit a TIN/SIN by January 1, 2024 to be able to keep Dashing, due to Bill C-47. I assume I submitted the SIN because I have been dashing for a year without problem.

I don't think I even reported the gig income in March 2024 (for 2023) but I'd have to double check my filings again. I haven't received anything from the CRA so far.