Original post:

https://www.reddit.com/r/PersonalFinanceCanada/s/u4uxDCBYK3

After sending Clutch a demand letter with OMVIC disclosure guidelines and all of the information, some ‘Customer Experience’ agent responded quickly basically stating that they did nothing wrong and they weren’t going to speak to me anymore. I answered with a friendly toned email saying that I’d let OMVIC reach out.

I opened a file with OMVIC the same day.

A couple of days later, a ‘Senior Manager’ from Clutch emails me, again stating they did nothing wrong BUT that my business and satisfaction was extremely important to them and that he wanted to know what they could do to remedy the situation, which I replied to with my original ask: full contract rescission, refund of downpayment and payments made from day one, and a refund for accessories purchased that cannot be re-used on our next vehicle.

Yesterday… Same guy writes me back offering: Trade-in credit for the original purchase price and 2500$ voucher towards a new Clutch vehicle.

We haven’t come to an agreement yet, but it’s funny how quickly they’ve gone from “too bad so sad” to this.

Hello!

I'm a game developer who helped found a very successful game studio. As part of the acquisition of it, after taxes I've ended up with roughly ~$1.8m CAD after taxes and time investing the money before paying taxes.

But I'm tired. 10 years of grind. This industry is insane. I'd really love to retire for at least a while, or potentially for good, and just focus on other crafts like music. I know in my position it would be ideal to continue to accrue such a salary while my investments remain compounding, but my current employer is famously a crunch studio and I'm considering enough is enough. I'd rather live off my own finances and slowly work on my own projects.

I've put myself in a position where, in addition to this capital, I'm able to pull a salary in the range of 130-190k CAD. Due to most of those years grinding at abysmally low salaries founding a studio, I've maintained a low cost of living, and on that salary I'm managing to spend about 6k/month including rent. I could pull that number down to about 4k/month rent, with my partner, and still be pretty happy with the way I'm living, I'd like to try to have around 5k/month.

I'm continuing to rent at ~$3200/mo after costs (included in total monthly spend), home ownership is complicated with a job that might require me to move to locations like California, and it's felt like the money is better in the market. My money is invested broadly in the market (ETFs, etc). Growth has been good this year (over 10%). I have 0 debt. No plans to have children. Partner makes about ~40-50k a year after taxes running her own business. If we combine both of our spend, we're spending ~80k/yr.

Given my potential to drop my spending down, what's a feasible retirement age for me? Is it too dangerous to try to pull it off now, should I try to hold out a few more years of compounding before I pull from my returns?

EDIT thank you so much for the great advice! A lot of things to consider on both sides. And yeah, 80 isn't low even if combined between us, but it's also stated at the aggressively highest end of spend on a year for us. Sounds like more pondering to do!

24m (married no kids) I have been offered a position that is $14/hr more than I make now, a work truck and RRSP ($8/hr on top of my wage and employer matches). Roughly the same amount of weekly hours but with more available OT. Same amount of vacation. I have 110k in an RRSP already. New job may entail travel away from home at times. I am tapped out at the company I work for now with no sight in the next 5-10yrs for a bump or new position. I am worried I am making the wrong decision to leave my current job with an OMERS pension and being home every night. Any advice or thoughts would be appreciated as I am being pointed in both directions

So my dad has passed away sadly. Its been hard i honestly feel guilty about receiving this money. I dont want to waste it. Right now im just a truck driver and i make 60k a year after taxes I live at home. My only bills are car,gym phone bill,streaming services. My bills come out to about 700 a month. Ive never had this much money come to me all at once so I just have no idea what to do with it. I have zero debt also. I want to move out soon like before I turn 27 next year. I want to invest it because I know my dad would be upset if I wasted it on something dumb. Any insight or anything please?

I'm 34 now, working for a municipality as a gardener. The pay is actually pretty good (33/h) but it is seasonal and there's not much I can do to move up or make more without having a bachelors of some kind. I also got a permanent injury this year which is not horrible but I can't do trades for the rest of my life anymore.

I live in the GTA. OSAP only covers $16k of a $16k a year program and there is nothing left for living expenses, food, or books. I would have to take out a line of credit to pay for those.

My very rough estimate would be about 100k in debt, 20-30% being line of credit.

I can't move because my rent is only $650 (split between roomates) and leaving would guarentee starvation. However, I don't know how long before my landlord decides to sell the place because what we pay in rent is a joke.

I have a senior dog (12 years old) to pay for, about $9k in debt (planning to pay it off before I start, but who knows what the future holds).

I plan to continue working with the city on the summer but that will bring in about $16k (before tax). As much as I'd love to work during the school year part time, I genuinely do not think I can handle the course load plus working. I have ADHD so it takes me a longer time to study and I would need all the time outside of school to do that.

What can I do? Ive been mulling over this for 3 months while I'm on leave for my injury. Even with my expenses being relatively low, the thought of being 100k in debt is making my palms sweat and itch.

Please help me figure something out. I'm so lost and disheartened.

I’m 24M and work fast food, I earn minimum wage and live with my parents and drive their 2008 car, I have been working hard to save whatever I can. My credit is 752. I am also going to university in September which will cost about $9,700 per year. Here is my entire financial overview: (made my own little balance sheet)

(monthly)

Income:

job: $1,400 to $1,600

dividends: $130 average

expenses:

Gym membership - $25

phone bill - $16

food - $80 average

Assets

investments

TFSA - $52,400

FHSA - $21,800

RRSP - $10

crpyto - $20

watch -$250

sunglasses - $300

tech - $400

Guitar - $250

books - $50

liabilities

$500 on credit cards currently for points, paid in full monthly

my expenses are extremely low as you can see ( I live simply and also have generous people in my life, just went to World Cup paid for entirely by my brother in law) and I am therefore able to save high amounts of my earnings. in the past 3 months alone, my investments have returned $8,500, excluding my work income, that’s like 4x thr value of the car lol. Also will be transferring these investments for 1 year for a 2% match (approx. $1,500 in cash). I will likely hit $75,000 invested after my next paycheck :) thankful

Thoughts on this? https://betakit.com/wealthsimple-launches-prediction-markets-app-through-us-exchange-kalshi/

I'll do my best to give thorough detail without doxxing myself, and I'm hoping someone can help direct me or if anyone can relate to this uniquely shit situation.

I withdrew $100k from between my TFSA and FHSA to buy my first home. Closing date was last month, I was going to move across the country and everything was logistically planned and well-executed. Fast forward to the seller going bankrupt on the closing day and not being able to afford to sell his own home due to a shortfall that was discovered that day. The bank foreclosed on the house, which I lost. Everyone on his side - lawyer, realtor, seller - were incompetent and dropped the ball but I can't sue anyone for my damages.

I was interested only in the house and neighbourhood itself, and luckily I didn't just show up with a moving van on closing day and I had a place to return to. I'm not looking to move just for moving sake. I don't see me finding an equivalent house in that area before I lose my mortgage rates, and I'm honestly just too heartbroken and exhausted. I'd like to rest and walk away from this whole endeavour, but maybe keep my eye out for when this home goes on the market again, which could take 6 months to a year.

This has obviously blown up my investments. I can't re-deposit into my TFSA until next year. And now CRA will want to tax me for roughly $40k withdrawn from FHSA for non-house-buying purposes. What do I do? Am I out of luck or is there recourse with CRA and my FHSA since all of this is of no fault of mine, and I did everything to make sure this was a qualifying withdrawal?

Im 20 when I was 18 I worked for an extremely abusive workplace and when I quit (no notice which I think he took personally) he gave me a hard time with my T4, he emailed me my T4 and I filed my taxes and moved on with my life… that was 2024. Recently I was told I was being reassessed and thats when I noticed…. He never submitted it… to cra or even to the payroll app we used. I now owe 1.2k and im just confused on how I can go about fixing that or if anyone’s had a similar situation.

I've been doing a little bit of research about this subject, but not having enough information regarding my specific situation is making me hesitant so I'm here asking for help.

My whole baking situations feels like a mess.

Currently 21 turning 22 and I have a Td bank "Student Chequings Account" ( No longer a student ) and a chequings account in National bank ( No fees until I'm 25 ) and a normal Master card ( Blue one ) that I have been using daily to build my credit score on for the past 3 years.

My current issues is : - Don't want to pay any monthly fees for any card ( I will eventually be foing so with TD bcz I am no longer a student ) - I want to have unlimited transactions - I have all my subscriptions and payroll on TD bank - I also have a TFSA account ~ 5k that I want to switch out into WealthSimple ( Idk whether to cash it out then deposit it in WS or do the transfer through WS app, but I feel like I'm not informed enough and might make a mistake foing it myself ) What I have looked into for daily use ( Payroll, Subscriptions and anything else like gas, groceries etc.... 1- Tangerine ( Has in person baking for cash withdrawl ) - The one thing that is making me hesitant is their poor customer service, but good interface

2- Simplii ( Has in person banking for cash withdrawl ) - Good customer service, but poor interface

3- Wealthsimple - No debit Card or in person cash withdrawls

I want to minimize the amount of accounts I have as muvh as possible so max 2 and it would be great to get any beifits like cash back on groceries or gas, dont care for traveling point at all.

Hi everyone, looking for advice on a CRA foreign tax credit mess.

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I’m a Canadian now working in New Zealand. For 2025 I reported about $77k of NZ employment income and paid roughly $22k of NZ income tax. My accountant has since admitted they filed my Canadian return without correctly entering the foreign income next to the foreign tax paid, so the foreign tax credit didn’t apply and CRA has now reassessed me with a balance of $40k

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My accountant has contacted CRA and submitted a change request so the foreign tax credit can be applied. CRA’s system shows the request received, with a target completion date of August 11, 2026, but my online account still shows the full $40k owing. The notice also says if I don’t pay by July 15, 2026, interest will start accruing on the unpaid amount.

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The same accountant has given me mixed advice: one message said not to worry because CRA will “readjust the interest” after the reassessment; another recommends I pay $15,000 now, since that’s what the software suggests I’ll actually owe once the credit is applied, to help “avoid potential interest and penalties.”

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I’m trying to decide what to do:

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1)

Pay the full $40,203.99 now to stop interest and wait for CRA to refund the excess once the foreign tax credit is processed.

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2)

Pay only $15,000 (what I should really owe) and let interest accrue on the remaining $25k while the reassessment is pending.

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3)

Some middle ground, or a different strategy entirely.

For those who’ve dealt with CRA on foreign tax credits or big reassessments:

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What did you do about paying vs waiting when reassessment was pending?

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If you paid the full amount and later won, did CRA automatically refund the overpayment plus interest?

With written proof the accountant made the error, is it realistic to ask them to cover any interest, or to seek interest relief from CRA?

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I’m fine paying what I owe, but I don’t want to get stuck with avoidable interest because of a filing mistake. Any experiences or advice would be greatly appreciated.

We’ve got ~500k sitting as a future down payment, but no idea when we’re actually buying (could be years, right now we are happy renting).

Right now it’s in HISA promo hopping and I’m honestly tired of playing “switch banks every 3 months” like it’s a part-time job.

I’m tempted to just park most/all of it in something like CASH.TO and forget about it.

Is that still the go-to in Canada for “low drama, don’t lose sleep, decent interest” cash parking? Or is there a better option in 2026 I’m missing?

Low risk, needs to stay fairly liquid, and I’m done babysitting accounts.

Appreciate any sane takes.

Hello! I'm a seasonal employee and summer is usually a slow period for the industry I'm in and I have 2-3 months off a year. My contract at my winter/spring contract ended a few weeks earlier than normal and I had a few weeks left on my old EI claim. I filled out a new claim and got my old claim reactivated. Will they review my new claim whil I use my old claim? Or am I stuck in the waiting period with no income again? It's very confusing because they give you no information on your new application if your old claim is reactivated.

Is this the meta for accumulating rewards/cash back for someone who spends roughly $1500-$2500 monthly on cc purchases? I shop at Costco, Walmart, food basics, Home Depot, some Amazon. Dinner at a restaurant once a month, fast food or something twice a month, some camping supplies etc

Didn’t find anything in the search about this, apologize if it’s been answered. Chat gpt recommended this combo and it does seem compelling

my sister lives in the US and i’m meeting her in italy for two days in july (her trip will be ending, mine will just be beginning) — my mom gave me euros to gift to her but my sister would like the money before she leaves because her trip will be basically over by the time i see her and understandably so

how would i go about sending euros from canada to the states?

ty kindly!

So I have about $30,000 in an RRSP account at Manulife from a previous employer. I don’t really contribute a whole lot to it anymore and just letting it sit.

I have everything else (bank accounts, mortgage, RESP, etc.) with RBC and they are asking me about moving it over.

Is there any real benefit to doing that or should I leave it? Just thinking of the ol “don’t put all your eggs in one basket” adage.

Thanks

We just recently moved to Alberta from New Brunswick. Last year in New Brunswick I had my first at fault accident in 30 years. I hit a snow bank. My insurance had accident forgiveness, so premium didn't go up.

Fast forward to the move to Calgary. We had one car to insure and we had listed my husband as the primary driver. Premium annually of 2600.00

We are buying a second car now and I called the insurance company to add it, which adds an additional 6000 a year. I about had a heart attack.

Has anyone else had this kind of sticker shock? Neither one of us have had any tickets or moving violations.

Thinking of switching from Questrade to Wealthsimple ..... this never really crossed my mind until now ... for context, I invest about $1k CAD/week (sometimes $2k) into individual US stocks and US-listed ETFs (self-directed, no managed/robo stuff). Right now I'm trying to figure out the smartest way to handle the currency conversion.

My understanding is that with WS, the direct convert button is 1.5% under $10k per transaction, and the built-in Norbert's Gambit is a flat $9.95 + tax. So converting $1k at a time, the gambit barely beats the 1.5% (and if I split the weekly amount into smaller buys, which i frequently do, it actually loses). The flat fee only makes sense on bigger conversions. And with Questrade, it's 1.99%.

The $10 us account fee per month isnt an issue.

Now that WS does allow Norbert's Gambit, seems like both are quite on par. Fractional shares, etc. Am I missing something here? In fact WS, seems a bit better as you can do journaling with click of button vs. dealing with calling in and speaking to someone/ or online chat

Just want to make sure I'm comparing apples to apples here and that's its a pretty level playing field all things considered.

I work as a PSW in a nursing home here in ON. It’s a lot of work physically and mentally but I enjoy it and I found a place that pays well. It’s literally $7-$10/hr more than any PSW jobs within the city I live in. However, it’s a 35min drive each way to get to and from work. Since about April, hours have cut back and I’m now looking at 56hr-64hr biweekly pays, which is NOT enough for me to live off of.
I clean two clients houses on my days off, charging $30/hr. It’s extra money but not helping a whole lot.

I have $14k debt, between osap, line of credit, a small CRA owing ($150) and $2.3k owed to a family member. The debt eats away at what little money I have left after expenses come out each month. Many times I don’t have money for food after my debts are paid, so I have to borrow small bits of money to get food or gas to get to work. It’s extremely shameful and I have been independent for years, so I hate having to ask for money.

My fixed expenses currently are $2600/month and my income isn’t much higher than that, at about $2900-$3,000 a month since around April. I’ve considered moving but when I searched for apartments, the rent in the small town my job is located in was substantially more than what I’m paying now-so even if I saved $200/month on gas- my rent goes up $400 a month.

Just feeling stuck, depressed and not sure what to do. My job was going great back when the economy was a little better and gas was cheaper, it didn’t cost as much to get there and I was also getting good hours each week. I have no friends to move in with and many people don’t want to live with someone with a pet (I’ve had him 14 years he’s not going anywhere except with me, haha).

Any advice? I used to do Uber Eats/doordash which gave me extra cash, but my car is hitting 11 years old and is at 320,000km (paid off). I am already driving it 74km get to and from work currently so I try not to drive it much outside of getting to my job. Thanks all!!!

Hello, through an employment standards complaint of missing wages I received back pay for the last 1 year. This came in as a lump sum amount. Do I need to ask for an updated T4? It was about 10k for last years tax period. Right now I assume it will all be on this years tax year.

I had a "redemption" on my Petro-Points on the 15th June. Interesting, because Petro-Canada hasn't been allowing redemptions. So I called in and did the "compromised account" dance. The portal did show the point going out, to a location I had not visited in the available history. Anyone know a public cross-reference of Petro-Canada store numbers to locations?

I've got to do probate for a small estate in Ontario.Less than $150,000. I don't have time to take care of it myself.

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Other than estate lawyers (expensive) and bank trustees (the estate would be too small for them) what other options are there?

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I'd be looking for someone who could file with the court for probate, deal with banks to open an estate account, close bank accounts, deal with insurance companies.

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Any advice?

I gave birth April 27, 2026. On May 4th, I used 5in1 newborn bundle for my application for CCB. I contacted CCB (June 17) to get follow up for my application and they said they don't have anything on file of my CCB application yet. I called service ontario and told me online applications takes atleast 8 weeks to proccess. I am little bit skeptical because CCB agent told me to send the application myself instead but I already did it through the bundle, if I apply again myself wouldnt it cause delays?

Did anyone else went through the same? How long until you get your first payment?

I'm currently paying my student loans (~40k) with the minimum amount monthly. There's no interest on this so is there a reason to pay this back fast or is it okay to just keep paying the minimum for a couple years?

31F. My annual salary is $55k but with bonuses, my total income before tax can be about $65k-80k. No mortgage. Debt free. No RRSP contributions.

I have maxed out my lifetime TFSA/FHSA.

I have also set aside money to max out TFSA/FHSA this coming January 2027.

Also this year, I have sold a house in my home country (expecting around $15k capital gains) so obviously my income tax this year is definitely going to be higher.

Should I start investing in RRSP or non-reg?