I am currently doing a school report where I need to analyze a company (in my case, shell plc) and report the long-term desirability of investing in this company. I need to evaluate the long-term financial health and make a recommendation.

for this I am using various financial ratios such as: ROA, ROE, Net Profit Margin, D/E, Interest Coverage, and P/E.

does anyone know if these ratios are appropriate for this report or if I should consider something else?

In 2021, I purchased a condo with a 5-year term on a 25-year mortgage for $170,000. It was $160,000 after down payment and now has about $140,000 left due to low interest rates at the time, and equivalent condos in the area are now worth about $250,000. I would prefer to sell once that is complete, and was planning to sell once my five-year term was up regardless and use the approx. $100,000 I would get from the sale in addition to about $50,000 from each of us to buy a house with my partner in the next couple years.

...Just one problem. Earlier this year, some idiot in the building caused a fire that burned down a large amount of the building. It is being reconstructed, and will be complete... about a month or more after my mortgage is up in 2026. I am currently staying in a rented townhouse with my partner.

Now, this throws... a wrench into my plans. A big one. I will need to renew my mortgage as as far as I am aware I will need to move back into the place for a year or two so that it is counted as a principal residence and I don't lose a huge amount of the sale price to taxation - but I will lose a huge amount of the sale price regardless if I have to break my mortgage term. I could go on floating, but it would be financial unsustainable as my interest rate would go up by anywhere from 5-10x instead of the 3x it would normally go up - the latter of which is fine as I make more money now than when I bought. I can't sell now either because the place literally does not exist.

I know you can port a mortgage and avoid paying the ludicrous fees that breaking a mortgage brings, but how exactly does that work if I need to sell to afford the down payment? Without that $100,000, our options are completely gutted and go from a house to a two bedroom condo at best. I highly doubt any seller in my city (Calgary) will consider a conditional-on-sale offer, but I don't mind selling first as I have places to live in the meantime. I just don't know how that works with mortgage porting.

Any advice? I know the situation with the fire is somewhat uncommon so I doubt there is much first hand experience, but I really don't want to get screwed out of a large chunk of the best financial investment of my life because of it.

So, we have an accepted offer on a brand new house. The closing date is on April 1st 2025. Me and the wife just opened our FHSA and put in a 1000$ . We both have around 40k eligible for withdrawal per HBP rules. Since we are eligible to withdraw right now from our RRSPs , am I crazy to think I can withdraw from HBP right now , contribute the extra 7k to my FHSA before December 31st , contribute 8k to my FHSA in January , withdraw the whole 16k from the FHSA and get an extra 15k of tax deductions over the two years ? I can't seem to find any contradictory information on the CRA website.

Hi there, I’m in the cannabis etf msos. It’s down a lot, I brought it at $7 and now it’s close to $4. I don’t know how this industry is dropping so much. I posted before that a lot of you recommend me sell the position I was going to hope for a bounce then sell, but it’s dropping even more. I brought in usd because I traded u.s stocks before. Usually do you think these etfs will recover? Thanks for your help.

I started a new job and I make roughly 25 an hour 37.5 hours a week, 37.5 per hour overtime (haven’t started overtime i’m still training, i can work a maximum of 10 hours of overtime a week and that much is not available every single week). I have another job that pays me about 16 an hour and i average 5-10 hours a week during weekends (leaning towards 5). Here’s my current expenses.

Expense,Amount ($) Rent,850 Utilities,40 Phone Bill,79 Groceries,500 Gym Membership,41.67* Pet Insurance,60 Dog Food,30

The public transport in winnipeg actually pisses me off I’m always either super late or super early and ubers have gotten very expensive. Overall I just want a car. My only dependent is my husky, i split his food w my roommate. I still want to put between 300-500 in the s&p every month.

*** car insurance would be about 230 a month

Now, the car i want is the 2021-2024 elantra which comes to about 23k to 27k. i’m assuming i’ll make about 55-60k this year. I want to put 5k down, finance for 60 months and i think I’ll get a car payment around 350-450. Can i afford this? I’m looking at other cars and for the price i don’t see any other car beating this, even 2017 or 2018 civics are going for 20k at the dealerships here so paying an extra 3 grand gets me a 4 year newer car. One of the biggest factors I was looking at (relatively) newer hyundais is because of their 6 year/120,000 km coverage, newer (after 2016) hondas and toyotas are super expensive and older hondas and toyotas are almost similarly priced to these newer hyundais.

Another thing is i could lease a car for a year, it would cost me 450 a month and I would be done in 12 months but Im not sure that would be a good idea.

I am pretty frugal i rarely ever spend money on myself, im basically wearing the same clothes for the last 5 years and my mom has to force me to buy new clothes lol. This car would be my biggest expense ever and I know it would make me happy, but would it be smart to do this. I would appreciate any advice, sorry for the rambling. i’m 23 btw I just graduated and this is my first job out of uni.

just wanting some validation on my investing strategy. finished uni in april, and started working FT in may. decided to build up an emergency fund quickly, so didn’t start actually investing till September.

currently i make ~55K gross. kinda low but just starting career out. been told i should get promoted next summer and move up to 65-75 or so.

• 10K emergency fund in WS cash. plan is to avoid touching this as much as possible. i put the extra interest payments (~25$ a month) towards my TFSA.

• 8K in company RRSP. i max out the company matching so contribute roughly 400$ (9%) a month. get heavily discounted MER (i work at a bank), fund is an aggressive all mutual fund. believe it’s called PSG. this one i’ve been contributing to for 3ish years, but was PT before so contributions were pretty small.

• opened a TFSA in September and put 1K in to start. currently buy 50$ worth of XEQT a week, i know that’s only like 6% of my net income but idea is to start small and build up my contributions when my income increases. budgeting pretty tight rn so that’s all i can stomach.

• plan for christmas bonus is to put 75% towards mortgage, with 25% into TFSA. should be around 7.5K total. mortgage interest rate is 4.69%.

• already own a place so FHSA irrelevant. maxed it out before i purchased so will get eh 16K deduction this year.

overall idk if there’s much else to do. i know WS cash is taxable. so will prob through a few hundred extra towards RRSP in feb to counteract that.

also for context i work in commercial banking. don’t really believe in our mutual funds, they got high MER’s. so decided to just max the RRSP (which has a low MER) and then do everything else independently through WS.

When people say to invest in the S&P 500, is there one specific stock like what you see on the dashboard or homepage ordo you have to choose the ETFs

On Webbroker, at the top of my page, i see the dashboard with the main exchanges ie NASDAQ, GOLD, OIL, DJIA (not sure what that is) and i see S&P 500 6001.35 and S&P/TSX Comp (i'm assuming it means composite) 24 789.28

I nowhere near have 6K or 25K for a share, but can you actually invest in those or does "putting your money in the S&P" mean buying an ETF of the aforementioned

In the search, one that comes up is

Global X Enhanced S&P/TSX 60 Index ETF | TSX : CANL ... share price of 25.06.

If i buy this one, is this what is meant by "putting money in S&P"?

Thanks

OK folks I earn in the high 90's per year. Very high job satisfaction despite earning less than my peers. Not willing to shift jobs at this point as my mental health is stable and family life is good. Both kids (teens) have almost-maxed out RESP's (one of the few financial things I feel we have got right!). Wife runs a small business that has been in deep water over the last 10 years due to unfiled taxes. Finally out from that weight but they have pretty much nothing to show for it aside from a very small private pension. I have zero pension. A few piddly RRSP's. Some equity in a home we own in another country. No debt. What is my best move for the next 10 years? Plow $$ into RRSP's or TFSAs? TIA

I am from ontario canada. So I'm reading through the "understanding your credit report and credit score" pdf from the financial consumer agency of Canada. It says that collections fall off after 6 years, by these parameters I have copy and pasted below. If I understand correctly one of my collections first date of delinquency is 2018/12/01, with transunion that should be dropping off in December of 2024. However with equifax, the assigned date is 2020/04/01, so if I understand correctly this collection still won't fall off equifax till 2026/04/01. Is that correct? Equifax has my worst credit score and having some of my collections drop off is very important to me and I am gonna be super disappointed if I still have to wait over 2-3 years for them to fall off.

Equifax counts from date the debt is assigned to a collection agency • TransUnion counts from date of first delinquency (when the account became delinquent with the original lender, not when it was sent to a collection agency)

I am very far from an expert and would love some advice. Our insurance just renewed (home and two vehicles). Nothing has changed, same cars, same house, same drivers (clean records). It went from $300 to $400 per month. My partner got the renewal package and didn’t look at it, but noticed the change when he was charged it. He called and they couldn’t give an explanation, just gave him a way to reduce our insurance (put that thing in our cars that monitors our driving). Is that normal right now? It’s a broker and he asked them to look for something different and they were kind of dismissive and just said to cancel would cost $300. I have never had my insurance increase like that.

I would appreciate any insight.

My mother-in-law is on social assistance in Quebec. She’s currently renting and struggling to make ends meet.

My wife and I are fortunate to have come into some money from the sale of a business and are considering buying her a property. Nothing fancy, but somewhere she won’t have to pay rent. We’re uncertain if putting her name on the title would disqualify her from receiving social assistance. If it does, we’re solving one problem but creating another.

Any insights?

I paid 2/3 of the balance 15 days early, then the final 1/3 posted a day late. They voided the grace for the full statement duration (32 days) and charged daily interest on the full amount (inc the 2/3 I paid early). I ended up with $73 interest charged on $1500 that was a day late. Does that sound right?

I have a job, but my income isn’t enough to pay off my debt within the next two months. What options do I have? Are there any loan services that might help? I have no credit history since I’ve never had a credit card so I’m unsure about how limited my options might be.

So My tfsa is set up with my life insurance which 100$ goes through my tfsa and 20$ for my life insurance. I just want to know if I’m doing it right. My tfsa is with Mckenzie investments and my life insurance is with Primerica

As the title states, I recently received a sizable sum ($60k) due to a company buyout I was a part of. This is the largest single sum I've received in my life.

I'm looking to invest it with the goal of being able to purchase a house in the near (3-5 year) future. Currently I have around 60k invested in my Questrade account (50k in an RRSP in XEQT), and 10k in a TFSA (in CASH.TO). Recently I heard there are better options than CASH.TO for the TFSA.

Can anyone provide any advice on where I should invest these funds with the goals I've outlined? Thank you.

Forgive me if this is unspeakably stupid, but I'm retiring and the income from my small privately-held Canadian corporation this fiscal year is not sufficient to cover the expenses in this wind-up year. I have sufficient assets in the corporation, so affording the expenses is not the issue. Will there be tax issues? Can I move some receivables from last fiscal to this one to add income? Any other suggestions?

My partner and I have got a Family RESP for our older child. We just had another baby and are considering RESP options.

Our current one is with TD Mutual Funds and I’m aware that we can just add our new baby as a beneficiary and they can separately track the contributions while allowing flexibility when withdrawing the funds.

My question is: does it make any sense to open a new Family RESP with another bank, say CIBC, for our new baby in case one fund does better than the other in the long run? What are the cons to this approach? Thanks in advance!

I have $250k left on the mortgage for my detached century home on 2 acres, and the rebuild cost and property values are both between $800k-$1m.

I need to get my insurance down as low as I can. I am aware of mortgage insurance, but only in case of death, illness, job loss, etc. Is there any sort of home insurance that just pays out to the bank if it burns down or something?

Edit: yes, this sucks. I’m literally looking for an alternative to having zero coverage while I sell the house. “Finding other places to save money” is not an option.

I’ll be starting my first year of university in about 2 months and so like every student, you have to apply for student aid and get a student loan. While reading everything from the handbook when it came to student loans, there was just so much I realized I didn’t know and that its not just you getting money and paying it off eventually at some point. I feel so dumb and uneducated on not just student loans, but just financing, loans, debt and everything else. Hell, I barely understand what most of those things are and what they encompass. Where’s the best place to start? Any sources or books and other recommendations would be much appreciated!

Would you think it's preferable to max out a RRSP than to pay more additional taxes on your payroll? I see it as you still have that money in your account, yet it wouldn't be something you'd touch to benefit you the year after or if you move it over to a FHSA for contributions.

Hi PFC,

I'm just learning about "change of use of property" and can't remember how my taxes went down in 2012, but I'm wondering if I will have a problem down the road when I sell my condo...

2010: bought and moved into a condo 2012: bought a house, moved, and rented out the condo 2012-present: condo is still rented; all rent and costs have been reported to CRA annually

In 2012, I unfortunately did NOT get an official appraisal done, and only got a realtor to estimate what it would sell for

Thoughts? Thank you ETA: Nova Scotia

My wife and I own our own home and it is our principal residence.

I inherited my father's home recently and trying to figure out what to do with it. I don't want to sell it because he lived there for nearly 40+ years and it has a lot of sentimental value.

At the same time, I don't want to be a landlord and don't want to rent it out.

Are there any other options besides selling or renting the place because a 3% empty home tax on a $2 million dollar Vancouver home is unsustainable.

Properties deemed or declared empty in the 2023 reference year will be subject to a tax of 3% of the property’s 2023 assessed taxable value.

Thank you

Just wondering, do market movements across Friday to Monday move the same, generally, compared to between two weekdays?

Or does the movement ovwr a 3 day period of Friday to Monday more accurately mirror other 3 day periods like Mon to Thurs, or Tues to Fri?

Trying to help a fellow disabled friend make an informed decision.

Scenario: Disabled 40 year old looking to save for the future. Received an inheritance of $150k and wants to invest it. Doesn’t plan to start withdrawing money for about 20 years.

Option 1:

Invest it in their RDSP. Their RDSP has already received the max government grants/ bonds. However, there is still $150k of personal contribution room. This would allow for tax deferred growth, however any withdrawals 20 years from now would be fully taxed as income. The other downside is RDSP withdrawals have a set schedule, so he will be forced to withdraw a certain amount per year vs withdrawing on his own schedule when needed.

Option 2:

Invest in a non registered account. In 20 years when withdrawals start, they would be taxed as capital gains (ie 50%). Would also be able to choose when and how much he withdraws.

Which of these options makes the most sense?

Important to note this person has a low income as they can only work very part time and that is likely to remain the case. The bulk of their current income comes from CPPD + a bit of help from family as needed.

I have a question regarding whether it is worth transferring money I have in an RRSP into my TFSA or even a FHSA. The company where I did my internships during university had an RRSP match, so I contributed the minimum amount to get the maximum match and have been investing the rest of my money into a TFSA. I recently graduated from university, but I have switched companies. Is it worth withdrawing the money from that old RRSP and investing it into my TFSA to max it out? I think it might be worth it because I will only have been working for half of the year, so my income will be the lowest it will ever be from now so the tax impact won't be super big. For the FHSA, if I withdraw the 8k and then invest it all in a FHSA, I would pay no additional tax on it, right?

I have 30k in VUN, 42k in XEQT.

I’m happy to throw it in one I already have but also open to diversifying.

Thoughts?

Hi all, I'm looking for any advice that my accountant may not suggest or overlook. Essentially I am trying to get money out of my business to help pay down a mortgage while minimizing taxes.

I'm purchasing my first house with my father and we will both be on the mortgage of about $1.25 million.

I have a side business/ LTD that makes money however I do not want to draw dividends or take a salary personally as I make enough through my full time employer.

The house has a second suite.

The house has a large detached shop.

If it is a primary residence and I live with my dad on the bottom floor and rent out the top to an employee and the shop to the business, can I offset those rental incomes with a portion of the mortgage interest and property tax?

Furthermore, does it go by % of total square footage. Ie. Top floor is 1000 sqft, basement 1000 sqft, detached shop 1000 sqft. Or can I not include outbuildings such as a detached shop? If I can include the detached shop, would it essentially be 2000 of 3000 sqft ie 66.66% of the mortgage interest and property tax I can deduct from the rental incomes?

Are there some things I am overlooking or need to be aware of?

Thanks for any help!!

Hi All

Mortgage Rookie hear. We purchased our home in 2022 and Mortgage started in September 2022. We started with a 3.95% Variable rate and currently paying 5.20%. We were accumulating some negative interest for about a year (about $70/mth), we are putting about $100 extra each month and also made a lump sum paying of $1000 this year and we plan to continue making lump sum payments every year.

My concern is we will not pay down enough interest by the time we renew in September of 2027. By my calculations we should have paid approximately $33K down in principle by now but have only managed to pay off roughly 6K so far and my the end of our mortgage term we should have paid $109K in principle

What can I expect at Mortgage Renewal? Will the bank hand me a bill of the unpaid principal amount and tell me to pay up to stay on my current term? Will they extend the mortgage term?

Thank you

Hi,

I have a corporation that I am selling shares of (shares are owned by me personally). This corp owns an apartment building. Am i able to get the lifetime Capital Gains Exemption. The capital gains from this transaction should be $300,000. Is there another way I should handle this?

Put a deposit down on a new car. Price tag, all in is $34,000. Went with financing. $10,000 down payment. Amount financed is $24,000. They offered $1,000 for my old car. So, amount financed is $23,000. I was told the bi-weekly payment would be $245. Seemed a touch high. Finance over 5 years at 5.4%. Long story short, after a while of asking to see some numbers on how $245 makes sense within the context of the purchase, and being reassured that $245/bi-weekly IS $23,000 over 5 years @ 5.4%, I agreed and put down a deposit to secure the car. After having come home and crunched some numbers, I see that $23,000 over 5 years at 5.4% is actually around $213/bi-weekly. With their math, I’m paying like 12-13%.

How does this make sense? I haven’t signed any financial or “final” documents yet, but I have signed some “initial” documents. I haven’t given direct deposit info or anything.

I’m going to ask for clarification on their math. To me, the math isn’t mathing…

Anyone?

If I got hosed, I may look into just taking out a loan from the bank to pay off the car, then pay off the bank loan which, I suspect, will be much more transparent.

EDIT: things that are irrelevant: type of car, merits of new vs. Used, cost of the car. What is relevant: why the math is not mathing and why the process of buying a car lacks transparency.

Some good suggestions so far:

• maybe tax was not included in the total cost. I am 98% sure it was, but it may not have been.
• perhaps they are factoring in additional costs such as insurance (life, disability, loss of employment - things I already have and do not need), or extra warranties (which I do not want).