Paul lost it all in a divorce. But then he saw Brianna. Engaged again, and about to create a blended family. With a love nest outside Kelowna.
You bought it with her, I asked?
“No, Paul said. Bought the house myself. But I put her on title because we have a trusting relationship.”
Let’s recap, I hissed diplomatically. Your marriage failed. She cleaned you out. You live with a woman you haven’t yet married. It might not take. And you just gave her half of the only thing you possess, with the mortgage in your name only. Are you a slow learner?
Fortunately it was a phone call. So he couldn’t hit me. But the little episode reminded me that in a country where homeownership is a cult and most beavers stuff their net worth into real estate, you need to know how to protect it. Yes, being careful about title is part of that. Ensuring you avoid a tax trap is equally yuge.
It’s been three years since Big Brother got involved in tracking your residential real estate. Back in 2016 the reason given was to monitor foreign ownership. But the real goal was to establish over time a registry of Canadian residential real estate, thus giving the CRA a powerful tool to tax non-residential use.
So, did you sell your house in 2018? Then you must report the details on your tax return next month in order to claim the Principal Residence Exemption. Or did you rent your basement to some pasty Millennial last year? Put in a kitchen, or create a separate entrance? If so, there could be tax consequences. And Ottawa will be ready to Hoover up its share.
Yes, you’re still allowed to buy a house, live in it and sell for a profit which is free from any tax. But in order to do so, Schedule 3 on the tax return now needs completing, plus Form T2091 (“Designation of a Property as a Principal Residence by an Individual”). If you neglect this, a friendly auditor and maybe a penalty could be in your future.
By the way, a PR can be a house, condo, cottage, yurt, trailer or houseboat, or a share in a co-op. If the place is rural, you get only a little over 2 acres as part of the exemption. The rest of the spread is taxable. And you don’t need to live in this real estate full-time for it to be a PR. A month or two is fine. So in any one year you can claim your cottage (for example) as a principal residence and sell with no tax on the gain.
An important wrinkle is CRA will not be generous when it comes to properties that have been bought, lived in and sold for a gain within a short period of time. A year. Maybe two. It’s completely arbitrary and subjective. So if you acquired a condo from a developer, for example, stayed there a while and dumped it for a profit you can expect to be taxed on their windfall – at your marginal rate. Painful. Also verboten these days is living through a reno, selling at higher market value, then trying to claim PR status. Won’t work.
Now, an important consideration is the thing in the basement. Renting out a portion of your home can (as explained here previously – but it bears repeating) affect the PR status of your property. If you live in only a part of the house, renting the rest, you’ll be entitled to a partial (not full) exemption from capital gains tax. When you sell, the value of the rented part goes on your tax return.
The rules allow somone to move out for a period (generally four years), rent the home, then move back and still claim PR exemption. But the real problem can occur when there’s a ‘change-in-use’ – going from family residential to income-producing – that could trigger big tax since the CRA considers the property sold then repurchased at market value.
That change might include remodelling the home to create a rental suite. But this can be avoided if three conditions are met: (a) the suite is clearly secondary to the main use of the property (so you can’t move into the basement and lease the top two floors), (b) you do no structural work, and (c) no depreciate is claimed. Incidentally, that structural work might be as minor as throwing up a new wall, or opening a doorway.
Of course, this is separate from tax on rental income, whether that’s from a basement suite with an annual lease or a bedroom that you Airbnb nightly. Not declaring that income is tax evasion, which is illegal and you can fry for it. Also, by reporting this money a hunk of expenses can be written off, from a portion of the mortgage interest to Netflix and those kinky bathroom dog candles. Naturally when this rental income is recorded by the CRA, it’s attached to a taxpayer and now a principal residence address. So, yes, nothing goes undetected over time, and you can see why the change was made.
As for Paul… If they eventually split, she can walk with half the equity while he may get 100% of the debt. Isn’t love grand?
137 comments ↓
TRUE OR FALSE (searching for a grain of truth in the unsubstantiated claims of Victoria real estate “experts”)
“I’m a real estate agent and single family home prices in Saanich East are pretty much flat year-over-year. This means they are retaining their value, despite the drop in sales from the stress test.
The Victoria R/E board’s official house price (benchmark) index says February SFH prices in Saanich East were down a bit ( – 2%) from a year earlier. So basically homes are holding their value.
If a price decline was going to happen in Victoria it would have already happened.
All the doomers out there who think Saanich East SFH prices are down -10% to -20% are delusional. Canadian R/E boards have never lied about or misrepresented sales stats in their monthly releases. They have absolutely no reason to manipulate stats to make potential buyers think their local housing market is stronger than it actually is. And Victoria’s (100% honest) R/E board has East Saanich’s tiny price decline at – 2%. 100% true. 100% solid.”
***************************************
If house prices in Saanich East were down only – 2% year-over-year, then the local board’s average price data would support that number. (Average price increases basically mirrored the local board’s benchmark price increases during Victoria’s most recent bubble price run-up. The same correlation can be noted in other Canadian cities.)
So what does the Victoria board’s SFH average price data for Saanich East tell us.
Saanich East
SFH price percent increase/decrease (year-over-year)
(Using the Victoria board’s average price data)
2019:
February: – 21%
January: – 14%
2018:
December: – 14%
(Source: Victoria’s R/E board)
– 2%? They’re joking, right?
What kind of housing price index would come up with a – 2% price decline when the average price decline is between -10% and -20%?
That’s easy – a price index created by realtors that doesn’t use real houses that is designed to produce numbers that make it look like it’s always a good time to buy.
The following quotes are from the Victoria R/E board on February 3, 2014:
“At the heart of the (realtor benchmark price index) HPI is the concept of the “benchmark” home, a notional (imaginary or fake) home…”
“The benchmark home does not represent any actual house…”
This is what I observe in BC.
Any work on the house should is done on the low without a permit.
The tenant pays in cash and they use that cash for daily expenses. They do not deposit it.
Nobody ever discloses anything about housing to the CRA.
All of my friends in BC still flip properties and pre-sale condos all of the time and have still never had an audit or any kind of tax consequence.
money for nothing?
Sergei Roldugin’s mastery of the cello isn’t what made him globally famous.
Media outlets worldwide illuminated the Russian musician’s finances when the Panama Papers investigation revealed that he was behind a network of offshore companies worth hundreds of millions of dollars. Now, a new leak of over 1.3 million banking transactions and other documents has identified additional financial manipulations that further benefited two companies Roldugin is associated with.”
https://www.occrp.org/en/troikalaundromat/money-for-nothing-putin-friend-sergei-roldugin-enriched-by-troika-laundromat
I have spoken to at least 6 CPA’s in my city that disagree with everything on the change in use / loss of PR exemption on basement suites and have never even considered recommending that clients do anything other than claim the entire residence as their PR when they sell. (even though it’s literally right there on the CRA site here: https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/personal-income/line-127-capital-gains/principal-residence-other-real-estate/changes-use/changing-part-your-principal-residence-a-rental-business-property.html)
Houses are literally the only asset most families have where I live and at least half the SFH in my city have basement suites. Enforcement on this will be brutal where I live. Pay a mil for a house have it go up to 1.5 and then pay tax on 250k capital gain for your basement suite leaving you with 1.3M to go forward with after commish, tax on the capital gain and PTT on the new house are factored in where the same house costs 1.5 – that sucks.
I have a feeling that if the CRA really starts looking under this rock they will
A: find a monster revenue stream
B People will stop selling their houses because the tax is essentially a massive transaction cost.
What about lifetime capital gains tax exemption? Can it ever be used to offset a large gain in a non-PR?
Once upon a time, the law had to protect women from men who would leave them despite making a commitment to take care of them for life.
I feel the law now needs to be updated to protect emotionally vulnerable men from rapacious women.
HI Garth ,
I am not a professional lawyer, banker or realtor but I think if her name is on title , it also has to be on any mortgage associated with that title
M48ON
After watching Trudeau’s press conference today, let’s remind ourselves of what JP’s observations/opinions are:
https://www.youtube.com/watch?v=Ah1WGYv3yhs
Perhaps the blogdogs can share some insight on a similar scenario. My mother remarried after my father passed away. Husband 2 and my mom purchased a house and split the title. Fair enough, it protects the kids inheritance, right. Husband 2 passes away and his will says mom can stay in the house until she passes or sells. Now mom has met a new guy and he wants to pay off husband 2’s kids and own half the house. Mom thinks this is a great idea. My siblings and I are ripping our hair out trying to talk some sense into her but she thinks she needs to marry him, she’s 75. Any advice? Thanks so much.
@#123 Andrew
“@ #117 Nitro, Andrew Cohen wrote almost the exact same article in the Ottawa Citizen.”
*****
Yeah, the spin doctors at PMO central must be seething at the audacity of an honest , ethical politician causing their Shiny Tower to tarnish.
These idiots have taken two weeks to begin to crank out the ‘cover story” vitriol and attempt to sully the rep of one of the best and brightest in their cabinet.
Lets not forget they moved her out of the AG job and into another ministerial job.
She was still good enough to be in Cabinet.
Just not good enough to play along.
If that wasnt a sideways demotion/slap in the face….what is.
The fact that she finally resigned the same day as “selfie” smugly opined that , “She’s still part of the team ….” speaks volumes.
“He’s an idiot and I’m not sticking around to get burned when he goes down in flames”,…… sounds about right.
Did they forget about Jane Philpot?
What kind of dirt will they fling Jane’s way?
“She’s not a team player!”
My gawd.
Amateur hour….. and it’s going to get worse now that “Selfie’s” “Brain” was forced to resign.
Your statement about what would happen on a split up of the couple is incorrect, under Alberta law for sure and I expect in the other provinces as well.
If he paid the entire down payment and put title in his name then her entitlement would be 50% of the increase in value of the property only. If he puts her name on title with his then she is entitled to 50% of the equity in the property.
In no event does one party get all the debt and the other party gets all the assets. The mortgage goes with the property.
“No, Paul said. Bought the house myself. But I put her on title because we have a trusting relationship.”-GT
………………
Where is the wisdom of Freedom First
Yup, interest rates never really got off the ground and now the world is talking about recession, and, holding rates instead of increasing them.
Does not bode well for the stock market, the SnP500 just can’t push through 2800 and continue on.
Isn’t love grand?
it’s gonna be more than a grand.
32.8% Sales Drop: Run for Van-Cover, Vancouver, Your Housing Bubble Is Vanc-Over
https://www.investmentwatchblog.com/32-8-sales-drop-run-for-van-cover-vancouver-your-housing-bubble-is-vanc-over/
#4 nan on 03.07.19 at 5:46 pm
Hi question I have is what would happen if someone rented part of it out for some years out of total years of ownership? So for example 2 years out of 6 or 7?
There should not be tax for the appreciation related to the years where only the owner occupied it, right?
Thanks
#13 gg. Interest rates are in a holding pattern until late next year. You have 18 Mos, maybe a bit more to lock in and pay down your debts
Paul lost it all in a divorce. But then he saw Brianna. Engaged again, and about to create a blended family. With a love nest outside Kelowna.
You bought it with her, I asked?
“No, Paul said. Bought the house myself. But I put her on title because we have a trusting relationship.”
Let’s recap, I hissed diplomatically. Your marriage failed. She cleaned you out. You live with a woman you haven’t yet married. It might not take. And you just gave her half of the only thing you possess, with the mortgage in your name only. Are you a slow learner?
———
Ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha!
Ouch! My stomach hurts. What a moron. Sorry, couldn’t help myself. I think that’s the best story Garth has ever shared. Wowzers!
Hi Garth
I live in Willodale, West of Yonge St. in a modest newer home (30 years old). Yesterday I received a phone call from an agent representing a well known real estate company. The question was, do you know any body who is looking to purchase a new home in the Willodale area. My question to you is, has the tide reversed, in other words no more auctions and if you find a buyer you may get a reward.
Thank you
There is no reason to ever get married unless you want to be poor.
75% of all divorces are initiated by women and they take the majority of the assets in divorce.
Why so many men want to live in their cars at 50 years old is beyond me.
When you are 50 and have a couple million in the bank not having a wife isn’t so bad. Matter of fact it feels pretty good. What is debt anyway? Can’t remember the last time I had any.
Yes the CRA is coming after housing, I have mentioned it many times. The government has to get money somewhere. They inflated the housing market with the full intention of extorting that money back. Your property taxes will also skyrocket.
The responsible thing would be to address outrageous public expenditures particularly exhorbitant public service wages and benefits. That will not happen, instead they will try to fleece you out of whatever equity you have left.
Socialism is good for you. Next month is carbon tax time as our government continues their Robin Hood redistribution program. Believe me they have no intention to rest until all private sector employees wealth is expropriated to fund lavish public sector pensions.
When you have control of the army why not hold a gun to the heads of folks in the private sector and just take it all. They are too stupid to know any better anyway.
“Let’s recap, I hissed diplomatically. Your marriage failed. She cleaned you out. You live with a woman you haven’t yet married. It might not take. And you just gave her half of the only thing you possess, with the mortgage in your name only. Are you a slow learner?”
Penny # 12,
“Where is the wisdom of Freedom First”
—————-
Freedom first’s stance reminds me of the MTGOW movement that’s caught fire with men of all ages, but especially those that have been unfortunate enough, to experience a financial cleansing, as per our friend Paul.
Metoo, is not the only awakening taking place, but it seems poor Paul, missed the memo…
Divorce laws are a prime reason why our fertility rate is rapidly falling. Too much risk for a lot of men. You might spend 20 yrs slaving for a family only to have your wife pull the pin and leave you eating catfood in the last half of your life.
I’d take your Christmas bonus now if I were you. I took mine this morning. I won’t do this again.
I know a guy paying child support on the blended family kids. You know, the ones that don’t have his dna? That’s no myth. And Paul’s problems have only begun.
Twitter is all a buzz today.
If correct some of you may want to sedate yourselves tomorrow, some may want to buy a celebratory bottle of wine.
@Louise Mensch for the so inclined.
“It has become evident to me that many people live paycheck to paycheck because they choose to. It seems that many people today decide what standard of living they want and start living it. They get the home, car, clothes, jewelry and other items they view as their birthright. Then they try to find a job that will pay for it all. They are basically doing things ass backwards.”
https://www.zerohedge.com/news/2019-03-07/why-do-some-people-live-paycheck-paycheck
#25 Ustabe on 03.07.19 at 7:33 pm
Twitter is all a buzz today.
If correct some of you may want to sedate yourselves tomorrow, some may want to buy a celebratory bottle of wine.
—
Louise Mensch
Verified account @LouiseMensch
Exclusive: Sources: Jared Kushner blackmailed Qatar, took a bride from Saudi Arabia, and changed US foreign policy to benefit himself
… I am almost sure Kushner was married. If he was looking for a bride, wouldn’t he order one from Russia?
So are Foreign Buyers taxed on teh full amoutn of their capital gain when they sell their Canadian property. Will meng Wenzhou get a bi bill from the CRA when she finally gets sprung and sells her multiple homes in Vancouver?
Cuz according to the Globe & Mail it looks like she is not the only one who will face a hefty bill if they sell:
“..Ms. Yang says many of her clients are investors from China and it’s become difficult to transfer money into Canada because of new Chinese controls on the flight of capital. As well, the province’s new 20-per-cent foreign-buyers tax, among other new taxes, is putting them off.
“If we talk about the luxury market, which I am frequently in, I find most of my buyers are immigrants from China. And right now it is very hard for them to wire the money to Canada, according to my clients, and I’ve heard that from other realtor friends, too. That’s the No. 1 reason.
“And a lot of taxes are really affecting the way they buy,” she says, citing taxes as the “No. 2 reason” her clients aren’t buying like they used to.
“In the past, they buy one [house] and then buy a second one, but right now they face the empty-homes taxes. For them, that’s kind of a headache because they have to find a tenant. Sometimes they just want a vacation home, whatever…”
https://www.theglobeandmail.com/real-estate/vancouver/article-a-reality-check-housing-prices-continue-to-drop-in-vancouver/
#25 Ustabe on 03.07.19 at 7:33 pm
Twitter is all a buzz today.
@Louise Mensch for the so inclined.
———————————————————–
Won’t believe it until they televise the perp walk down Penn Ave… That’d be a parade…
Garth really covered 2 only slightly related topics today, how to manage your tax burden in a time where the government is looking for every penny, and how to manage your relationship burden in a time when everybody is looking for every penny.
I’m married and my wife is not on title. Why should she be, she didn’t pay for the house! Also I have a pre-nep, which is an absolute necessity if you have children from a previous relationship. And that’s how I sold it to her. In the event of my death, my children could not be disenfranchised from my estate. There is still money in the will for my wife but the kids get their share too. Anna Nichole manage to snooker her husband’s children out of their birthright but I wasn’t going to let that happen to my kids. Condition of marriage, your share of the assets is fixed and pre-agreed. Also included of course is that my kids don’t get access to her wealth.
I don’t think everyone needs a pre-nup. If it is your first marriage and you are just starting out and there are no kids, there is really no clear cut way to tell who contributed what and a 50/50 split is probably appropriate. But if there are already kids or significant assets involved, do not get married without one. Or even live together.
As to the rest of Garth’s post today, all I can say is that renting out the basement has got a lot more complicated than it use to be. How do you even decide what the basement is worth? It’s the cheapest square footage you can add to the property, because you need a foundation regardless. Is it worth $10,000? $40,000 if developed? $50,000 if it is a walk out? This is an increasing concern as governments continue to try and attach “values” to things and tax them at a finer and finer level of detail. The wealth tax is a good example. Let’s say the US imposes a 2% wealth tax. OK, Bezos is on the hook. But for what? He doesn’t have the money, so he has to liquidate 2% of Amazon. Every year. Who’s going to buy it? What’s it worth? You don’t know until you sell. The current stock volume that traded today seldom represents 2% of the total stock outstanding. At least with capital gains you can say “I bought it for this much and sold it for that much” and the money is in the bank. But with a wealth tax you have to go and try and figure out what everything is worth as if you could sell it today at current prices. As anyone who has worked in risk management knows, the price you will get when you have to liquidate is much different than the price you are marking it to for any significant position. Nobody has any money to buy it or they already own it. Cash is an intermediary that facilitates trade, it’s not an asset.
What’s even worse is that the tenant has already paid income tax on the income they are using to pay rent, plus HST, carbon taxes, etc., so taxing basement suites is just yet another tax on a tax on a tax.
What we are heading towards is an environment where the government can just make up tax bills based on what they say they think your stuff is worth. It’s simple confiscation. Oh look! You paid $5 for a coffee mug! Well that will be $0.10 per year in wealth tax. Never mind you can’t sell it for $0.10 at a garage sale.
What we need to do is move to an environment where there is only one tax point. It could be income taxes including capitals gains, or it could be the HST. Just raise the rate to the level required. But trying to insert 20 different levels of taxation is just silly. For example, taxing corporate profits and then taxing dividends is silly. Just tax the dividends higher. That way the smaller investor living off dividends in retirement will pay the appropriate tax rate based on his/her income. But by giving the corporation a good screw over before dividends the poor retiree gets double screwed.
not 1st on 03.07.19 at 7:20 pm
Divorce laws are a prime reason why our fertility rate is rapidly falling. Too much risk for a lot of men. You might spend 20 yrs slaving for a family only to have your wife pull the pin and leave you eating catfood in the last half of your life.
Laws need a changin’ quickly.
#11 Jimbob…I too live in Alberta. We have no provincisl laws for unmarrieds living together.. it’s a case by case basis… What’s scary for our dear, misdirected friend Paul, is BC treats common law assets as though married. If you own a house prior to your relationship, and your unmarried, live-in squeeze moves into this prior property for only one night… it is theirs as rhough you are married to them . That ice is pretty thin that Paul is skating on!
Lol most beavers stuff their net worth into real asstate…da ha
@ #27 akashic record : I ponder the differences between flak, flack and chaff when I read her exclusives but there are a large number of non-hysterical left leaning adherents…so I listen.
@#29 Remembrancer: Will the parade have Shriners on those little motorcycles and folks passing out wrapped candy to the kids along the way? If so I’m in.
As for Paul… If they eventually split, she can walk with half the equity while he may get 100% of the debt. Isn’t love grand?
——————————————————————–Prenuptial
#9 Gen x – Have you done an investigation on this dude, who has his eyes on a 75 year old woman?
#9
Unity of time
Tenancy
Read about it
“If the place is rural, you get only a little over 2 acres as part of the exemption”
Huh? How would this affect a 3 acre rural PR?
QUOTE:
An important wrinkle is CRA will not be generous when it comes to properties that have been bought, lived in and sold for a gain within a short period of time. A year. Maybe two. It’s completely arbitrary and subjective. So if you acquired a condo from a developer, for example, stayed there a while and dumped it for a profit you can expect to be taxed on their windfall – at your marginal rate. Painful.
Also verboten these days is living through a reno, selling at higher market value, then trying to claim PR status. Won’t work.
==============================
GARTH…..Seek clarification:
Re condo….you buy, live in …sell…why would it not be PR and taxed at lower rate ?
Re Reno…you buy a house for $X….live in it …put say $100G in renos…and sell for say $400,000 more ..again why would that not be PR and taxed lower ?
The former is considered speculation and the latter business. – Garth
#32 Rargary on 03.07.19 at 8:22 pm
“If you own a house prior to your relationship (in BC), and your unmarried, live-in squeeze moves into this prior property for only one night… it is theirs as rhough you are married to them .”
Nope.
In BC a court ruling in 2013 caused changes in the BC Family Law Act, so that couples who have been living together for two years, or who have a child together, share the same legal rights as married couples. This includes a 50/50 split of shared debts and assets, excluding pre-relationship property, inheritances and gifts.
“We have no provincisl laws for unmarrieds living together (in Alberta)..”
Also nope.
The Alberta Adult Interdependent Relationships Act (AIRA) came into effect in June 2003. Under the Act a relationship is deemed a common-law when the couple has lived together for three years or more or has a child and live together. It’s even more inclusive than the BC Family Act, in fact, and people don’t have to be in a conjugal relationship to have this type of relationship recognized.
(By the way, Ralph Klein had been premier in Alberta for some years in 2003, so please don’t start bitching about the NDP.)
I believe the only province that doesn’t recognize some kind of common-law relationship is Quebec because, of course, they don’t use the common law in their courts and legal system. So if you want to keep all your stuff and money and toys and property and still be married and able to dump your spouse whenever you want to, move to Rimouski. I’m actually kinda surprised that more of you guys haven’t already done that. Oh, wait, French…….)
One more thing – I keep hearing that thing about “(some percentage of women >>50) file for divorce”, the implication being it’s the women leaving. In my experience most of that is due to the fact that it’s the men leaving for greener pastures, and they just can’t be bothered filling out the paperwork.
No doubt an open invitation for my comment.
Never live with a female, worse, have a kid with her. Financial suicide.
Insanity to add to an over populated & dying planet too.
Freedom First
@JonBoy (from yesterday)
Like Dolce said nice list.
Today’s top stories in the Financial Post (Yikes!)
https://business.financialpost.com/news/economy/central-banks-longer-slump-call-rate-hike-doubts-followed-weak-data-surprise
https://business.financialpost.com/news/economy/update-2-ecb-pushes-out-rate-hike-and-showers-banks-with-yet-more-cash
https://business.financialpost.com/news/fp-street/pot-banker-infor-adds-restructuring-team-as-debt-shakeout-looms
https://business.financialpost.com/news/fp-street/canada-banks-outlook-economy
https://business.financialpost.com/news/economy/bank-of-canada-holds-key-interest-rate-at-1-75-per-cent
But no one saw this coming? Consumer economy – better keep an eye on the consumers ability to spur growth.
Yikes! If it changed drastically in the last 3 weeks or so.
That’s one hell of a decline.
Will it be a sharp blip or a sustained steep decline?
Also heard a headline saying that Canadians are already having a hard time with HIGH interest rates. HIGH on the the ganga maybe but way below the mean. *yes stress test equals more interest but that is just meant as a cold shower before you plunge into BIG debt for particle board and drywall on a postage stamp next to a Starbucks.
#21 Blacksheep on 03.07.19 at 7:15 pm
“Let’s recap, I hissed diplomatically. Your marriage failed. She cleaned you out. You live with a woman you haven’t yet married. It might not take. And you just gave her half of the only thing you possess, with the mortgage in your name only. Are you a slow learner?”
Penny # 12,
“Where is the wisdom of Freedom First”
—————-
Freedom first’s stance reminds me of the MTGOW movement that’s caught fire with men of all ages, but especially those that have been unfortunate enough, to experience a financial cleansing, as per our friend Paul.
Metoo, is not the only awakening taking place, but it seems poor Paul, missed the memo…
*****************
Agreed!
Most people don’t want to be alone. Could have been about the costs of running two households as apposed to one. Who knows Paul may have learned from a previous relationship and found his match. It worked for me. At least for me the bad experience was when I was younger/no kids and the break up involved little. I still learned a big lesson from that.
Cheers!
When it comes to women I am diversified and well balanced.
I love one in every town. Is there an ETF for this?
My wife’s a blog reader, fortunately for me she has the same sense of humour. And no I don’t know her blog handle, only Garth knows that.
Yes, marriage and the financial arrangements around it all are tricky. I escaped from a bad one in 1996 (when I was 35) with the shirt on my back. After 4 years of spousal support payments, and me sharing a 2 bedroom apt with a friend living really cheap until 2002 was able to save a ton and then buy a place (barely). Life is good, my wife has a really good job (similar to mine), and we keep our funds separate (but with survivor rights). Routine household costs are allocated according to percentage of total income we both bring in; at the moment 59 to 41. Both share very equaliy in raising a kid and dog. Trips and major expenses outside the routine are discussed and agreed and then split 59 to 41. Indeed sounds like a business relationship, but honestly we have not had a fight about $$$ in the 15 years we have been together…. everyone knows their job…. and I don’t care one bit what she spends her discretionary income on…. Turns out she is pretty much as frugal as I am… Our major splurges is to take trips to out of the way places that offer good value for Canadians and really interesting ecotourism (Indonesia, Nicaragua, Costa Rica, Phillipines, Brazil., Greece, Icleland (interesting, but real expensive). ). No need to go trouping through all of the over-hyped museums in England and Ireland paying 5 pounds for a little sandwich, or getting on a dumb-ass cruise where the most complicated thing one needs to do is to decide what to eat at night….
Bottom line is that if you have the right partner, who you can be in tune with on $$$, values, and decisions, you have a lot to work with……
I’d like to know how many people in Vancouver actually declare the income from their basement suites. I always would (don’t own rental property—am actually a tenant myself), but I’m not sure if everyone is as honest…..
If they don’t declare the income CRA has no way of referencing it to affect a PR exemption (unless someone rats them out)
I realize this is illegal and it’s stupid because all it takes is pissing off a vindictive tenant before you’re ratted out to CRA. But I’m curious, does anyone know anyone personally that the CRA has actually audited for not declaring a basement suite?
36 agreed and looking into it.
37 thank you- just looked it up-makes sense.
MGTOW Gentlemen. It is the only way forward. Putting the THOT on the title and you were not even married AND she dragged along a crumb cruncher from another sperm donor? Man you are one stupid Beta. LOL!
Holla “We want prenup, we want prenup!”
Poor Paul. He is not smart.
We’ve always claimed our incomes from tenants and AirBnB – in fact we’re usually looking to show as much income as possible given the number of expenses we have. (And in order to qualify for a mortgage)
Now that we live in one unit of our renovated 4plex I understand that when we go to sell the other 3 units are taxed – presumably they are taxed on the selling price after renovation and purchase costs are deducted?
We’ve also taken the profit from one investment property to finance the reno of our 4plex – wonder how that will go? Its tax time soon so I guess I will find out :-)
Garth, CRA says “You are usually considered to have changed the use of part of your principal residence when you START to use that part for rental or business purposes.”
This seems to suggest that if I added a separate entrance to the basement but never rented it out (used by my teenage kid), then I can claim PR on the entire house.
Or will CRA say Nah, you COULD’VE rented it out, so as far as we’re concerned you probably did and we might even audit you to see if you had any unreported rental income.
Is it the second? Are they that nasty?
Everyone, leave Forrest….err..I mean Paul alone! Paul could have made worst choices like Brad below.
https://torontosun.com/news/world/billionaire-dies-during-paris-penis-enlargement-op
Ehud….not Brad
1 VREU – I did some checking. Your numbers for the yoy
change in average sales price in East Saanich is bang on at -21%.
I reviewed the sales stats further, and though I understand the theory of a benchmark price for a notional home, I did not see any particulars as
to how that is actually calculated.
So I went back to housepriceindex.ca which you turned me onto. Both indexes are based on a value of 100 in 2005. I checked the “Victoria” stats (top row) from
now as well as 36 and 60 months back. They agree
very well with the housepriceindex.ca values. So as opague as it might be, the VREB index gives us something very close to the repeat sales based index.
So what’s up with East Saanich? If we believe the VREB data of number of sales and total value (to give average price) then I think for argument’s sake we
have to accept their figures for average price in other
areas. But when we examine those numbers, we don’t get near the drop we do in East Saanich.
Now I do not know the East Saanich market at all, but is it possible that this drop is at least partly due to a radical change in the sales mix?
@#42 DON
Total agreement about the Canuck economy.
Debt, debt, debt.
Everyone I work with or know is a “pay cheque to paycheque” existance.
Methinks the Banksters know it as well.
Mar 19th Budget- Fudget…..
Pfffft.
Doesnt matter.
The Banks are still worried about Canuck Schmucks debt levels and their ability to pay…
A “new” 30 year mortgage rule dont mean squat when Mr Bankster isnt going to lend you the money.
Housing sales are gonna tank this Spring and Summer……ahhhhh 1980’s and “hit” movies like this…..
https://www.youtube.com/watch?v=vzva_I8WPAg
Fast forward 37 years, Spiccoli is a respected citizen and pot is finally legal.
Pass the pizza
Blame MGTOW on Burger King’s 2006 Manthem “I am Man”:
https://www.youtube.com/watch?v=vGLHlvb8skQ
Try searching for the year it came out and you’ll get pages of feminist studies, Vegan last stands, rebuttal’s and other such detritus from Google trying to “mansplain” it all to you.
Why, still today, if I need a movement I go to Burger King and have their fries instead of the competition.
This is who I identify with.
https://youtu.be/MjUqfRrWwcM
Living for ever is over rated.
https://youtu.be/_Jtpf8N5IDE
Paul, I hope this time works for you, but marriage is a raw deal in any western country. Take the Red Pill. Go to Youtube or do an online search. Do not be a Beta.
My friend and his wife in the 90s when real estate was somewhat affordable bought a house for their son when he was born. He will soon be taking possession of it. Sits on .75 acre, late 50’s bungalow. Being renovated. The son has the rock star looks and many cool toys already, and will soon finish university with in demand degree in health services. He will never get married or shack up under these archaic laws. A judge can throw out any pre-nup. The home BTW is in the southern part of the Okanagan valley.
BOC calls for early recession to last longer than they can forecast. Is Trudeau aware that he’s beaten and is he trying to hamstring incoming administration? Wouldn’t be the first time.
V
https://www.bnnbloomberg.ca/bank-of-canada-sees-longer-economic-detour-than-expected-1.1225471
Anyway, investing in a recession is easy, as long as it isn’t real estate. These downturns often take ten years to sort themselves out. Buy utility, dividend paying staples.
This is a made in Canada recession, all thanks to Trudeau, who buy the way is trying to sell bring the pot smoking age and voting age down to sixteen…I often wonder how Liberals can sleep at night.
Good grief.
https://www.cnn.com/2019/03/08/australia/australian-prime-minister-international-womens-day-intl/index.html
Men who feel insecure or are afraid of women’s equality are the problem.
Full stop.
How is this statement remotely controversial, except in a distorted time?: “We want to see women rise. But we don’t want to see women rise only on the basis of others doing worse.” – Garth
BOC says :’surprising signs of weakness in household spending and investment’
who writes this garbage?
The attack on RE by Morneu, Rudin and all the politicians was surgery with a chain saw.
@#61 Millenial Surrealist
Not to worry.
Selfie hasnt spoken on International Womens Day yet.
One wonders what empowering words of encouragement he will have for the members of his cabinet who havent resigned….
#31 [email protected] on 03.07.19 at 8:10 pm
not 1st on 03.07.19 at 7:20 pm
Divorce laws are a prime reason why our fertility rate is rapidly falling. Too much risk for a lot of men. You might spend 20 yrs slaving for a family only to have your wife pull the pin and leave you eating catfood in the last half of your life.
Laws need a changin’ quickly.
—————————————————————
Oh, Garth, you’ve got the incels all riled up.
MGTOW “who knew?” I live it and love it. If i told you here is your parachute jump out of the plane.. however it has a 50% chance of opening (divorce rate at a minimum) would you jump?
I’ve posted about this here before.. Men are minimalists we only work hard and accumulate shit to provide to attract a mate provide for the family etc etc.. What happens when men “check out” en masse like they are doing now? Japan Herbivore men.. its already here and women are FREAKING out.
“where have all the good men gone?” good men are on strike and until the laws and attitudes towards men change it will just continue to gain speed.
“juice just aint worth the squeeze”
(My apologies – my cut and paste failed on my rebuttal to Garth and it looks like I misquoted him – see corrected version here)
———————————————————–
Good grief.
https://www.cnn.com/2019/03/08/australia/australian-prime-minister-international-womens-day-intl/index.html
Men who feel insecure or are afraid of women’s equality are the problem.
Full stop.
How is this statement remotely controversial, except in a distorted time?: “We want to see women rise. But we don’t want to see women rise only on the basis of others doing worse.” – Garth
—————————————————————-
OMG Garth, your comment is so disappointing.
Surely you do not support the thinly veiled misogyny of the Australian PM?
Let’s be realistic. While I do not support a ‘zero sum’ hypothesis for social equity overall, it is generally true that suffering or disadvantage of one group is balanced usually by the gains of others.
(The Boomer/Reagan myth of the “rising tide of trickle down economics”, and how it has actually led to stagnant wages for decades is another great example of the fallacy of that kind of thinking.)
Question:
Would you say we have to go back to slavery, because the wage and societal gains of emancipated slaves came at the cost of a reduced bottom line for plantation owners? Those slave owners most certainly “did worse” due to emancipation. The South has been economically challenged in many ways since 1865. This is exactly the argument you and the Australian bozo have just made.
For the sake of women and all of humanity, how about we just take a chance and go all in for women’s equality, for once?
And if it turns out men get even slightly, unfairly disadvantaged (hard to imagine that with the dominance of boys club culture still in the power centres of our world!) I would feel a good level of trust that women would be able to lead the way in sorting that out with men, together.
I repeat:
Men who feel insecure or are afraid of women’s equality are the problem.
Full stop.
Paleo Boomers everywhere:
Be part of the change.
Or be run over by it.
Anyone who must reference slavery has lost the argument. Better luck next life. – Garth
Lets say I have a rental that I’d like to sell. I’m not in Vancouver so when I bought it, it was $177k. Now its worth about $200k. But I only moved out like a year ago….so it hasn’t really gained any value since I moved out. But I didn’t realize that I should’ve gotten some statement of the value of the house when I moved….so can I just sell and then put $0 as my gains on my return?
#48 Marcus on 03.07.19 at 11:13 pm
MGTOW Gentlemen. It is the only way forward. Putting the THOT on the title and you were not even married AND she dragged along a crumb cruncher from another sperm donor? Man you are one stupid Beta. LOL!
—————————————————————-
More aggravated incels! I’m sure women are really worried about you going your own way.
More problems for T2.
http://www.durhamradionews.com/archives/117505
Liberal Whitby MP Celina Caesar-Chavannes has a feisty response to Prime Minister Justin Trudeau’s comments about the way his government handled the SNC Lavalin file.
She quoted him on Twitter, saying he wants staff to feel comfortable coming to him with concerns, but then says “I did come to you recently. Twice. Remember your reactions?”
She didn’t elaborate on what she approached Trudeau about or exactly what his reactions were.
Caesar-Chavannes previously announced she won’t be running again in the fall.
She did say she made her decision prior to the SNC Lavalin controversy.
….and if awaiting our Prime Ministers’ International Womens Day electioneering speech wasnt interesting enough…….
We should ask ourselves…. ” Where does one put…. one hundred…. million…. tonnes…. of highly radioactive water…?
https://www.reuters.com/article/us-japan-nuclear-water/eight-years-on-water-woes-threaten-fukushima-cleanup-idUSKCN1QP0MA
DELETED
Canadians accepted this because of fear of foreign buyers. Now the greatest tax free investment of the past century is gone.
Government is the problem, and never the solution.
Taxation is theft.
Anyone who must reference slavery has lost the argument. Better luck next life. – Garth
——————————————————–
Slavery is not a straw man argument, Garth. You served in Parliament. You know our Charter of Rights prohibits discrimination based on gender or race, among other things, precisely because of the interwoven connections and similarities between such types of mistreatment. My argument and example is perfectly valid.
Take some time to think this over. For now, I will close by saying this:
Male privilege exists.
White privilege exists.
Economic privilege exists.
This is not fake news.
For every disadvantaged group, there are others reaping the benefits of those inequities. Not 100% of course, that’s hard to prove, but with a very high degree of correlation.
International Women’s Day is a great day to look that reality in the face.
Shall we?
“…But I put her on title because we have a trusting relationship.”
_______
I wonder who’s idea that was?
50/50 chance Paul loses it all again.
beneficial ownership registry
money laundering
https://www.wired.co.uk/article/bill-browder-russia-red-notice
Simon Bowers
The European Commission has opened an investigation into one of the 546 secret tax deals exposed by ICIJ’s Lux Leaks project almost five years ago. The European Commission has opened an investigation into one of the 546 secret tax deals exposed by ICIJ’s Lux Leaks project almost five years ago. …interest-free loans advanced from one of the multinational’s subsidiary companies in Ireland to another, based in Luxembourg…The Luxembourg tax office agreed to grant the local subsidiary company a regular tax deduction as if it had paid interest on the loan, even though no interest payment was made…
Meanwhile, however, Luxembourg prosecutors have spent much of the last five years attempting to prosecute two Lux Leaks whistleblowers, former PwC workers Antoine Deltour and Raphael Halet, along with French journalist and ICIJ member Edouard Perrin…Deltour and Perrin were eventually acquitted, but Halet’s case continues…In court, prosecutors have argued Deltour and Halet were not true whistleblowers because their leaked information had failed to expose behavior that was illegal. That assertion has now been called into question by the opening of an investigation into the Huhtamäki tax rulings.
https://www.icij.org/investigations/luxembourg-leaks/european-authorities-launch-probe-into-secret-lux-leaks-tax-deal/
===========================
RUSSIAN MONEY
Troika Laundromat reveals Russian bank’s $8.8b offshore scheme
Politicians, criminals and members of the Russian elite, including President Vladimir Putin’s friend Sergey Roldugin, funneled billions of dollars through a hidden banking network, according to an investigation by the Organized Crime and Corruption Reporting Project (OCCRP).
OCCRP and Lithuanian news website 15min.lt, partners of the International Consortium of Investigative Journalists, say they obtained 1.3 million banking records, and other documents, to reveal the $8.8 billion scheme.
Dubbed the Troika Laundromat, the investigation is named after the Russian private investment bank Troika Dialog that allegedly created and operated the scheme.
@#66 Millenial Surrealist
“Be part of the change.
Or be run over by it.”
******
Like Trudeau?
#66 Millennial Realist on 03.08.19 at 8:17 am
And if it turns out women get even slightly, unfairly disadvantaged (hard to imagine that with the dominance of girls club culture still in the power centres of our world!) I would feel a good level of trust that men would be able to lead the way in sorting that out without women.
I repeat:
Women who feel insecure or are afraid of men’s masculinity are the problem.
Full stop.
Millennial nutjubs everywhere:
Be part of the patriarchy..
Or be run over by it.
__________________________________________
There.
Fixed it for ya.
@#73 Millenial Surrealist
“You know our Charter of Rights prohibits discrimination based on gender or race, among other things,…..”
****
So if discrimination is illegal and we are all protected by Law.
Then everything should be ok right?
We should live in a perfect world yes?
Trouble is , we dont live in a perfect world and you cant legislate the way people think.
No matter how much you far left dreamers wish it so.
Better be careful. The backlash to the left is building and the paleo crowd are angry and expressing their disgust with all things “empowering” with voting to the far right……. and it aint just “Boomers”.
https://ca.reuters.com/article/topNews/idCAKCN1QO2TP-OCATP
I just hope you take that “equality for all protest” with pots and pans and bang it at the next International Men’s Day……whenever that is.
Ice age is coming.
https://www.forbes.com/sites/peterferrara/2013/05/26/to-the-horror-of-global-warming-alarmists-global-cooling-is-here/#7fbc0554dcf5
@ #8:
IMHO, few of the party in power truly understand the weight of their offices. JWR does. Jane Philpott does. So do many of the opposition parties. As for Butts, he did neither himself nor the party in power any favours – at all – by walking and then testifying.
The coterie in power seems to view the actual running of a nation as secondary to retaining power. This year’s campaign started the day the Libs took the reigns in ’15.
How much work for the citizens of Canada do they actually do? It seems that nearly every month a new $hitstorm of Liberal scandal crops up, to then consume a huge percentage of work time to (try to) erase/stamp them out. FAIL. The list simply grows like cancer.
“Sunny ways”, high jinks and a pipeline of impotent spending sprees all around!! Leverage Canada to the hilt! Let’s see how Milennials like the debt repayment going forward. By then, the current crop of players will be retired in luxury to sunny climes, living la buena vida, whilst said Mils are left grappling with the federal debt monster – their own personal debt made more difficult to repay because of the crappy conditions in the macro economy.
But, Canada is a young country, only a hundred or so years old. It’ll recover, won’t it?
https://www.youtube.com/watch?v=_1QQsQe6oDc
I truly believe that Canadians will not let go of the SNC mess anytime soon. It is odious in the extreme that our former Attorney General is manhandled (“person-handled”?) the way she has been after pronouncing on a matter which was that of her office alone to assess and decide upon. Period.
How many times would she have had to reiterate her decision before petitioners backed off? Once? Twice? Ten…….? Meanwhile, she suffered the immense stress of feeling that her job seemingly hung by a hair.
Coincidental…….wasn’t it just?
Feminist party? What a joke.
Champions of equality? To the moon, Alice!
https://www.youtube.com/watch?v=aMw-Y9hQULM
Bring in the RCMP.
#21 Blacksheep on 03.07.19 at 7:15 pm
__
This is one area of Modern life in the West where young Men need to listen carefully to older Men.
The Western reality is that you DO NOT commit to, and start a life with a Woman who does not work and make at least as much as you do. You maintain an open joint account. You both put 100% of both your earnings in this one account. You pay EVERYTHING out of this one account. The more her income exceeds yours – the tougher your marriage becomes (Women file 70+% of all divorces). She needs to bring home the bacon.
No matter what sex, it DOES NOT pay to be a breadwinner.
I am thinking to buy a condo as an investment in Toronto. I have 60% of down payment. It is a good idea or bad Idea? Should I wait or do it now? I am afraid of the market, too volatile for my stomach. Any other ideas of what to do with 500K in cash?
T2 on behalf of Canada commits $100 million for her feminist project. Eh? Your tax dollars at work throughout the world.
#46 Chaddywack on 03.07.19 at 11:05 pm
I’d like to know how many people in Vancouver actually declare the income from their basement suites. I always would (don’t own rental property—am actually a tenant myself), but I’m not sure if everyone is as honest…..
If they don’t declare the income CRA has no way of referencing it to affect a PR exemption (unless someone rats them out)
I realize this is illegal and it’s stupid because all it takes is pissing off a vindictive tenant before you’re ratted out to CRA. But I’m curious, does anyone know anyone personally that the CRA has actually audited for not declaring a basement suite?
**************
They probably flew under the radar…but now things could change as the Canada needs the tax money and the CRA is their version of the hunter/gatherer. Now it is on their radar. Time will tell.
#73 Millennial Realist on 03.08.19 at 9:02 am
Anyone who must reference slavery has lost the argument. Better luck next life. – Garth
——————————————————–
Male privilege exists.
White privilege exists.
Economic privilege exists.
This is not fake news.
——————————–
Question. If I am a minority male, can I play the victim card or am I part of the problem?
@ #61
Good grief, what a retarded brain fart. Full stop.
Well put Garth.
#84 Trump’s Daughter – The MSM changed this article, and that is nothing. Last night a video went up that was what I have been looking for, and this morning they changed it totally too.
The Aussie PM’s statement was just a less eloquent paraphrasing of Lincoln’s “You can’t build up small men by tearing down large men.” That is all.
The sentiment was as correct when Lincoln said it as it is today. The default position of today’s progressive handwringers is to be offended first, and then justify their offense afterwards. That’s why the slavery argument keeps coming up; they need to try to paint the statement as more extreme than it is, or else they’ll have to consider the possibility that they misinterpreted or overreacted. There is no such thing as overreaction for the SJW. Every utterance by those deemed not suitably progressive is a triggerworthy event.
Paywall:
https://www.theglobeandmail.com/business/article-average-price-of-detached-houses-sold-in-vancouver-plunges-33-per-cent/
quote” Within the City of Vancouver, the price for detached properties averaged $2,070,030 last month for sales on the multiple listing service, down sharply from $3,080,563 in October, 2017, according to an analysis of publicly released sales data by real estate agent Steve Saretsky. The last month that Vancouver’s average detached price dipped below $2.1-million was in February, 2015.”
“It’s a combination of factors coming together at once, and you can call it a perfect storm,” Mr. Saretsky said in an interview on Thursday, predicting that prices have room to fall further in 2019 while sales volume in March could tumble to levels last seen in the mid-1980s. “You would get real pain. People already have been borrowing up to their eyeballs,” he said.
#86 n1tro on 03.08.19 at 11:20 am
#73 Millennial Realist on 03.08.19 at 9:02 am
Anyone who must reference slavery has lost the argument. Better luck next life. – Garth
——————————————————–
Male privilege exists.
White privilege exists.
Economic privilege exists.
This is not fake news.
——————————–
Question. If I am a minority male, can I play the victim card or am I part of the problem?
—————————————————————-
Depends on the context doesn’t it?
As an example, if have you have kids have you ever been asked how you balance fatherhood and your career?
And if you’re at a private golf club have you ever been confused for staff rather than a guest or member?
#66 Millennial Realist on 03.08.19 at 8:17 am
I repeat:
Men who feel insecure or are afraid of women’s equality are the problem.
Full stop.
_____
This has got to be some of the most dated logic I’ve read in a long time lol. You are way behind the times.
Today in the West, well educated and gainfully employed Women are now MORE likely to be married than their deadbeat Gr.12 GED counterparts. It was forever the other way around.
Do you think well educated and employed Western Women finally got sick of always being single and have suddenly taken to forcing men into marriage at gunpoint?
Or are well educated and employed Western Men no longer committing to Women who offer physical appeal and nothing more?
There was a time when all a Woman needed was her looks and sex appeal to attract virtually any Man. Those days are gone. Men today are demanding (and obviously receiving) the same qualities that they offer (so are Women). Looks, education, job, income, Women need all of it today to have a shot at marrying a Man that has all these same things – looks alone no longer cut it..
It’ll be interesting to see where we go from here. The pool of full package Western Men is decreasing, while the pool of full package Western Women is increasing. I’ll stick with the experts which predict fewer and fewer marriages, increasing singles/cohabitation, and absolutely HOARDS of single mothers.
#92 Tater on 03.08.19 at 11:48 am
#86 n1tro on 03.08.19 at 11:20 am
#73 Millennial Realist on 03.08.19 at 9:02 am
Anyone who must reference slavery has lost the argument. Better luck next life. – Garth
——————————————————–
Male privilege exists.
White privilege exists.
Economic privilege exists.
This is not fake news.
——————————–
Question. If I am a minority male, can I play the victim card or am I part of the problem?
—————————————————————-
Depends on the context doesn’t it?
—————————————–
I’m in the office and I see unqualified white women promoted to positions of power.
Should I be proud or outraged?
About that average house…
There is one often forgotten fact about the average detached house in say Toronto or Vancouver. It simply does not exist.
The average price for a detached home from sales in any given time period is a real number.
But the “average” detached house exists in the same way that an average family with 1.2 kids or whatever exists. It simply does not. Just sayin’.
So be careful looking at decline or increases in the price of a so-called average home. It’s actually an increase in the average price of homes sold. Due to the mix of sales, the so-called average detached house could be 2500 square feet one month and 3000 square feet another. It could be located 2 miles from downtown one month and three miles next month. If it was real it could not do that.
IN B4 Butthurt BlackDog gets here…
The SJW’s won’t stop until they get “equity” also known as “equality of outcome”. This is partially a result of entitlement mentality and the apex fallacy all rolled into one.
They ignore the vast pool of white men at the bottom and in the middle. They see these “old white men” at the top, then ignore the work, smarts, sacrifices, and desire it took to get there.
Oh and Paul…..Man o’ man.
#92 Tater on 03.08.19 at 11:48 am sez:
“Depends on the context doesn’t it?
As an example, if have you have kids have you ever been asked how you balance fatherhood and your career?
And if you’re at a private golf club have you ever been confused for staff rather than a guest or member?”
———————————————–
First paragraph: What a load of nonsense. Fathers make this choice all the time. Do you think a man spends 12 hours a day at the office for nothing? They do it for a reason. That reason is to give their kids a good life. A lot of fathers would give this up if they could to see more of their kids. Guess who won’t have it?
Second Paragraph: Depends how they’re dressed and how hot they are. This is not gender dependent.
#83 Jhon Smith on 03.08.19 at 10:27 am
I am thinking to buy a condo as an investment in Toronto. I have 60% of down payment. It is a good idea or bad Idea? Should I wait or do it now? I am afraid of the market, too volatile for my stomach. Any other ideas of what to do with 500K in cash
——————————————————————
Not knowing anything more about your situation how on earth do you expect anyone to provide you with any advice? If you have that kind of cash why would you even come to a place like this for advice. My advice would be to call Garth.
Lets be clear about the equality and equity movement. It only applies if its in the areas they deem necessary. All the SJWs are clamouring for a seat at the board room table but no so many demanding equality when its about climbing power poles in a blizzard. That’s usually on the under educated men who then get demonized. The movement is just more targeted socialism again.
But there is hope because automation will destroy all the work places and institutions that SJW want to hide out in and the we will have a bunch of unemployed, single bitter childless people stumbling around.
#94 n1tro on 03.08.19 at 12:02 pm
#92 Tater on 03.08.19 at 11:48 am
#86 n1tro on 03.08.19 at 11:20 am
#73 Millennial Realist on 03.08.19 at 9:02 am
Anyone who must reference slavery has lost the argument. Better luck next life. – Garth
——————————————————–
Male privilege exists.
White privilege exists.
Economic privilege exists.
This is not fake news.
——————————–
Question. If I am a minority male, can I play the victim card or am I part of the problem?
—————————————————————-
Depends on the context doesn’t it?
—————————————–
I’m in the office and I see unqualified white women promoted to positions of power.
Should I be proud or outraged?
————————————————————
You should take a minute to question whether they are actually better at their jobs than you (I’d bet they are).
Or just stew in your bitterness, your choice.
#86 n1tro on 03.08.19 at 11:20 am
#73 Millennial Realist on 03.08.19 at 9:02 am
Anyone who must reference slavery has lost the argument. Better luck next life. – Garth
——————————————————–
Male privilege exists.
White privilege exists.
Economic privilege exists.
This is not fake news.
——————————–
Question. If I am a minority male, can I play the victim card or am I part of the problem?
____
IMHO, you fit into a lengthy hierarchy of oppressed humans as dictated by the SJW element in society just like everyone else.
In my estimation, you could likely claim victim status against white Men, but not against white Women, non white Women, non hetero males of any race, or against any shade of gender other than straight male (and only white ones).
So, you’re pretty much at the bottom here with us white Males for whom 6 figure jobs are issued at birth and all manner of struggles do not exist.
Maybe we should go have a beer sometime.
#97 Bytor the Snow Dog on 03.08.19 at 12:19 pm
#92 Tater on 03.08.19 at 11:48 am sez:
“Depends on the context doesn’t it?
As an example, if have you have kids have you ever been asked how you balance fatherhood and your career?
And if you’re at a private golf club have you ever been confused for staff rather than a guest or member?”
———————————————–
First paragraph: What a load of nonsense. Fathers make this choice all the time. Do you think a man spends 12 hours a day at the office for nothing? They do it for a reason. That reason is to give their kids a good life. A lot of fathers would give this up if they could to see more of their kids. Guess who won’t have it?
Second Paragraph: Depends how they’re dressed and how hot they are. This is not gender dependent.
—————————————————————-
You’re missing the point of the first question. I’ve NEVER been asked in my career how I balance fatherhood and 10-12 hour days. My wife gets asked constantly. That is a very real double standard where women are expected (and made) to feel guilty for working. Especially if they have husbands who make a good living.
Nothing on Women’s Int. Day, it is March 8 Garth…do something nice for the women on your life.
What do you think this pathetic blog is about? Empowerment. – Garth
#101 IHCTD9
white Males for whom 6 figure jobs are issued at birth
—
Reference?
Millenials don’t matter because they’re ignorant and poor
That’s why
Or just stew in your bitterness, your choice.
______________________________
When a woman has a issue with men in society we listen, let her story be told. When a man has an issue with women in society he is angry, bitter, and should be shunned
That tactic is all played and wore out. (shaming.. ) Doesnt work anymore because men are logical and just disengage. That is what you are witnessing on a daily basis.
Tater on 03.08.19 at 12:39 pm
…
I’m in the office and I see unqualified white women promoted to positions of power.
Should I be proud or outraged?
————————————————————
You should take a minute to question whether they are actually better at their jobs than you (I’d bet they are).
Or just stew in your bitterness, your choice.
================================
Hey #1tro,
Let me help out a here.
Tater says you should be proud.
Cheers, R
#102 Tater
I’ve NEVER been asked in my career how I balance fatherhood and 10-12 hour days. My wife gets asked constantly.
————————————–
Here’s a good answer for your wife…
“My husband takes care of it.”
#103 Dups on 03.08.19 at 12:49 pm
Nothing on Women’s Int. Day, it is March 8 Garth…do something nice for the women on your life.
What do you think this pathetic blog is about? Empowerment. – Garth
—
Your old school equal opportunity empowerment is not sectional, it is not exclusive to oppressed people only, for this reason it is the tool to maintain the power status quo.
Something along those lines is the thinking process of the “Be part of the change. Or be run over by it.”- political cult.
#100 Tater on 03.08.19 at 12:39 pm
#94 n1tro on 03.08.19 at 12:02 pm
#92 Tater on 03.08.19 at 11:48 am
#86 n1tro on 03.08.19 at 11:20 am
#73 Millennial Realist on 03.08.19 at 9:02 am
————————————————————
You should take a minute to question whether they are actually better at their jobs than you (I’d bet they are).
Or just stew in your bitterness, your choice.
————————————
No bitterness. Unqualified people (of all colors and sex) being promoted is quite normal. They eventually bring down a company before moving on.
It works in my favor dabbling as a consultant getting paid by the hour to implement common sense stuff like operational excellence.
Unqualified Employee: “Oppa what?”
” If the place is rural, you get only a little over 2 acres as part of the (PR) exemption.”
—————————————————–
Despite being a boomer, I suppose this 2 acre maximum principal residence rule now equates to me being born too late.
There was no 2 ac max when the land was purchased many years ago.
It disincentivizes anyone to do anything with their acreage.
So rather than spending 40 years to create a beautiful and increasingly valuable property because you have foresight, imagination and initiative, acreage owners should leave it fallow.
Leave the entire place in 4-foot high weeds.
Don’t create anything on your land that is of benefit to the community.
#106 Headhunter on 03.08.19 at 12:54 pm
Or just stew in your bitterness, your choice.
______________________________
When a woman has a issue with men in society we listen, let her story be told. When a man has an issue with women in society he is angry, bitter, and should be shunned
That tactic is all played and wore out. (shaming.. ) Doesnt work anymore because men are logical and just disengage. That is what you are witnessing on a daily basis.
—————————————————————
Incel the third on the scene!
You guys are hilarious. You have a problem with over half the population and you think they’re the issue.
#101 IHCTD9 on 03.08.19 at 12:40 pm
____
IMHO, you fit into a lengthy hierarchy of oppressed humans as dictated by the SJW element in society just like everyone else.
In my estimation, you could likely claim victim status against white Men, but not against white Women, non white Women, non hetero males of any race, or against any shade of gender other than straight male (and only white ones).
So, you’re pretty much at the bottom here with us white Males for whom 6 figure jobs are issued at birth and all manner of struggles do not exist.
Maybe we should go have a beer sometime.
—————————–
What if I identify as a female aka Bruce Jenner style? Still want to go out for a beer?! :)
Even if n1tro comes out as is a minority self identified female with external plumbing, I still think, I wouldn’t fair well compared to an equivalent white female in N. America.
“An important wrinkle is CRA will not be generous when it comes to properties that have been bought, lived in and sold for a gain within a short period of time. A year. Maybe two. It’s completely arbitrary and subjective. So if you acquired a condo from a developer, for example, stayed there a while and dumped it for a profit you can expect to be taxed on their windfall – at your marginal rate. Painful. Also verboten these days is living through a reno, selling at higher market value, then trying to claim PR status. Won’t work.”
So if the shoe fits then at least people can claim a capital loss to offset a future gain on PR??? I don’t think CRA will send a reminder for that one…..
“As for Paul… If they eventually split, she can walk with half the equity while he may get 100% of the debt. Isn’t love grand?”
It is for Paul’s potentially future exwife. Clearly some legal reform is in order.
#83 Jhon Smith on 03.08.19 at 10:27 am
I am thinking to buy a condo as an investment in Toronto. I have 60% of down payment. It is a good idea or bad Idea? Should I wait or do it now? I am afraid of the market, too volatile for my stomach. Any other ideas of what to do with 500K in cash?
……………………………………………………………
Not in a condo, ever! You will pay top dollar to get in and there is a plethora of them come due in the next few years whereas the bottom will fall out on their value. Total wast of money unless that is your limit. The fees are going to get you, they NEVER go down just UP!
I always tell people you are dumb as a stump to buy a condo. It is basically an apartment. So rent instead!
@#95 Shawn Allen, If the average price drops 33% from peak 18 months, that’s a holy $hit moment no matter how skewed that average is.
So what up with US job numbers for Feb?
20K jobs added in Feb 2109 in the USA.
56K jobs added in Feb 2019 in Canada?
Did we steal their jobs?
I don’t know the average over the last 12 months in the USA but it must been upwards of 150K per month.
Maybe there are no more people looking for a job?
#78 crowdedelevatorfartz on 03.08.19 at 9:48 am
“I just hope you take that “equality for all protest” with pots and pans and bang it at the next International Men’s Day……whenever that is.”
International Men’s Day – good idea! Maybe you and your buddies could start organizing around some of the issues men have and get something going –
https://en.wikipedia.org/wiki/International_Women%27s_Day
#104 Ubul on 03.08.19 at 12:52 pm
#101 IHCTD9
white Males for whom 6 figure jobs are issued at birth
—
Reference?
____
I looked high and low and could not find a single reference to my assertion above, so my white privilege and the patriarchal powers of male world domination must have my back trying to keep this unassailable fact a secret.
Actually, the reality is I was handed my 6 figure job in utero even before I was born. The Obstetrician realized he was delivering the child of a Caucasian couple, so he got the high exalted mystic ruler of the patriarchy on the phone right away to have my job offer drafted up.
I had a PhD in hand before the Doc even had a chance to slap my @ss.
What if I identify as a female aka Bruce Jenner style? Still want to go out for a beer?! :)
___
No problem, as long as you tell me what you’re paying for car insurance :)
“we have a trusting relationship” Does that even exist anymore? Asking for a friend.
Most employment in Canada is wage slavery, enabled by temp staffing agencies; and, of course, by the police and media below who would not name the company. Yeah, I know, legally they are bound. Right. Probably Leo’s type of outfit.
https://www.theglobeandmail.com/canada/article-dozens-of-mexican-modern-day-slaves-freed-by-police-in-ontario-2/
Capitalism is based on exploitation. Even Adam Smith admitted that it only had any chance of working out if workers owned their own tools. Unfortunately, you are a slave, and you don’t own your own tools. As the wealth gap clearly shows, you also don’t enjoy the benefits of wealth creation. And no, Shawn Allen, I don’t need your input on that one. Drug Ford can delay but not stop the natural flow of history. Sadly, the only efficient interim solution left is Basic Income.
#110 n1tro on 03.08.19 at 1:06 pm
#100 Tater on 03.08.19 at 12:39 pm
#94 n1tro on 03.08.19 at 12:02 pm
#92 Tater on 03.08.19 at 11:48 am
#86 n1tro on 03.08.19 at 11:20 am
#73 Millennial Realist on 03.08.19 at 9:02 am
————————————————————
You should take a minute to question whether they are actually better at their jobs than you (I’d bet they are).
Or just stew in your bitterness, your choice.
————————————
No bitterness. Unqualified people (of all colors and sex) being promoted is quite normal. They eventually bring down a company before moving on.
It works in my favor dabbling as a consultant getting paid by the hour to implement common sense stuff like operational excellence.
Unqualified Employee: “Oppa what?”
————————————————————-
Consultant say gibberish buzzword and thinks other are dumb.
#102 Tater on 03.08.19 at 12:43 pm
You’re missing the point of the first question. I’ve NEVER been asked in my career how I balance fatherhood and 10-12 hour days. My wife gets asked constantly.
///////////////
You and your wife are both working 10-12hr days?
Who’s looking after the poor kids.
No wonder others ask if get the concept of balance.
U.S. Supreme Court Rules That World Bank Can Be Sued
March 7, 201910:12 AM ET
Tim McDonnell
” the U.S. Supreme Court, which last week issued a 7-1 decision in Jam v. International Finance Corporation, ruling for the first time that international financial institutions, including various branches of the bank and other U.S.-based organizations like the Inter-American Development Bank, can be subject to lawsuits in cases where their investments in foreign development projects are alleged to have caused harm to local communities.
The decision overturns a decades-old presumption dating to the founding of the World Bank in 1945 — that the IFC, a Washington, D.C.-based branch of the World Bank Group that finances private-sector projects in developing countries, and other bank-affiliated organizations are fully immune from such suits.
The Jam suit, which was filed in 2015, is far from over. …
https://www.npr.org/sections/goatsandsoda/2019/03/07/699437482/supreme-court-rules-that-world-bank-can-be-sued?utm_source=twitter.com&utm_medium=social&utm_campaign=npr&utm_term=nprnews&utm_content=20190307
#125 Tater on 03.08.19 at 2:14 pm
#110 n1tro on 03.08.19 at 1:06 pm
#100 Tater on 03.08.19 at 12:39 pm
#94 n1tro on 03.08.19 at 12:02 pm
#92 Tater on 03.08.19 at 11:48 am
#86 n1tro on 03.08.19 at 11:20 am
#73 Millennial Realist on 03.08.19 at 9:02 am
————————————————————
Consultant say gibberish buzzword and thinks other are dumb.
—————————
Who’s bitter now?
Don’t hate the player. Hate the game.
contours of immunity?
Justice Breyer’s Dissent- The sole dissenting member of the court
On Feb. 27, the Supreme Court issued a 7-1 opinion in Jam v. International Financial Corporation, deciding that international organizations have the same level of immunity from lawsuits granted to foreign governments. Writing for the majority, Chief Justice John Roberts interpreted the International Organizations Immunity Act (IOIA) as establishing a continuous link between international organization immunity and foreign sovereign immunity, as defined by the Foreign Sovereign Immunities Act (FSIA). The decision exposes international organizations to potential liability if their actions fall within one of the exceptions to the FSIA, including the exception for “commercial activities.” Justice Brett Kavanaugh did not participate in the case, presumably because he was involved while it was before the U.S. Court of Appeals for the D.C. Circuit prior to his confirmation to the Supreme Court.”…
“Respondent International Financial Corporation (IFC) is an international organization based in Washington, D.C. A member organization of the World Bank Group, the IFC focuses on funding private-sector projects in developing countries. One such IFC-financed project is the Tata Mundra power plant in Gujarat, India. As part of a $450 million loan to finance the power plant, the IFC required the company overseeing the project to adhere to an environmental action plan to protect the surrounding areas. The IFC retained the ability to revoke its financial support if the company failed to comply with the agreement.
The petitioners are farmers and fishermen living near that power plant. In 2015, they sued the IFC for damages and injunctive relief in federal district court in Washington, D.C. They claimed that the IFC’s failure to comply with its internal policies and enforce the environmental action plan resulted in the contamination of drinkable groundwater, degradation of local air quality, and displacement of local fishermen and farmers.”
https://www.lawfareblog.com/supreme-court-rules-jam-v-international-finance-corporation
Explaining the “weak” U.S. jobs report
Ummm, maybe everyone that wanted a job in the U.S. and even some that really didn’t already had a job. They were beyond full employment. There was no one left to hire!
Deutsche Bank frantically tried to sell off a $600 million loan to Russian bank VTB in late 2016 in order to minimize its financial ties to Russia, which had been accused of meddling in the U.S. election. The Wall Street Journal reported Sunday that the German investment bank, which counted Donald Trump as a long-time client, was able to sell $300 million of the loan to Russia’s Alfa Bank in December 2016, but that it was unable to sell the remainder. VTB reportedly paid back the last $300 million of the loan in August 2017. Separately, the New York Times reported Saturday that Deutsche Bank declined to loan Trump money in 2016, fearing he wouldn’t pay and that it would have to go after his assets as president in the event he was elected.”
https://www.thedailybeast.com/deutsche-bank-tried-to-sell-off-dollar600m-loan-to-russian-bank-in-late-2016
London (AFP) – Nearly a third of Britain’s billionaires have either moved or are relocating to tax havens, where some have broken UK law by bankrolling political parties, a major investigation said on Thursday.” https://twitter.com/icijorg
https://www.thetimes.co.uk/edition/news/billionaires-control-massive-swathes-of-britain-from-abroad-fsl8kt9lt
Tater #112,
“Incel the third on the scene!”
“You guys are hilarious. You have a problem with over half the population and you think they’re the issue.”
—————————————-
Dude, (I think?) you confusing your acronyms….
1) Formerly married MTGOW, typically loved their wives and did not have problems with the initial ‘legal pair bonding’ process.
But many have found as time passed and if a divorce was triggered (70 % by wife) the financial cost (losing 50 % of one’s wealth, F’s up retirement) plus the emotional cost (potentially loosing access to their children) simply to dear.
Those paying attention (young & old MTGOW) are learning from the troubles others have experienced, (smart children, don’t need to touch the stove to find out if it will actually burn them) in dealing with how the real world functions once marital conclusions occur and are heeding the warnings. This is why some men (woman too?) are choosing to just avoid the issue altogether and adopt a KISS philosophy.
No hatred, just choosing an alternate path, where personal control, is maintained.
2) You mentioned “Incels.” or males who see themselves as “involuntarily celibate”
These guys are social pariah’s when it comes to any form of female interactions. These losers have taken to an out right hatred of all things female because the can not compete with other males who actually make an effort in life.
These fools can even advocate shamming and violence of all fashion (especially against successful, females / males) because they lack the drive to make the best of their personal situation.
In true millennial fashion, these guys have been coddled by helicopter parents and are deluded into believing that they deserve it all (my choice of partner, damnit) while typing on a key board in damp basement as the world move on…
You can see the stark contrast between the two:
The MTGOW male, makes the choice, to not be legally coupled.
While:
The In-Cel male, desperately wants to be legally coupled, but does not have the choice.
It’s one of biggest Foreign Corrupt Practices cases, U.S. says
Ex-Uzbek Leader’s Daughter Charged in $865 Million Bribery Scheme
By Bob Van Voris
March 7, 2019, 2:43 PM EST Updated on March 7, 2019, 6:11 PM EST
Russia’s expanding money laundering scandal spread to Austria on Tuesday, as the fallout from the #TroikaLaundromat echoed across the continent.
Ex-Uzbek Leader’s Daughter Charged in $865 Million Bribery Scheme
Bloomberg
Russia’s MTS To Pay $850 MillionTo Settle UzbekBribery Case
https://www.justice.gov/opa/press-release/file/1141641/download
US Justice Dept indicts former Uzbek president’s daughter Gulnara Karimova for allegedly taking $866 million in bribes
http://bit.ly/2IZXDwO
Gulnara Karimova the focus of $865 million corruption case
Last!
#66 Millennial Realist on 03.08.19 at 8:17 am.
For the sake of women and all of humanity, how about we just take a chance and go all in for women’s equality, for once?
————
The current research indicates that Men greatly desire a Woman equal to themselves in every aspect. So great is this desire, that Men will no longer commit to a Woman who is NOT their equal. Male and Female equality is now a REQUIREMENT for long term commitment.
The goal has been achieved, Men are 100% ALL IN for Women’s equality.
Losing, not loosing : )
Bandit may be getting on in years but its the mileage that counts. He is still a very handsome fellow.
#135 IHCTD9 on 03.08.19 at 4:27 pm
“The current research indicates that [m]en greatly desire [women] equal to themselves in every aspect.” Well, except for the naughty bits! :)
#46 Chaddywack on 03.07.19 at 11:05 pm
I realize this is illegal and it’s stupid because all it takes is pissing off a vindictive tenant before you’re ratted out to CRA. But I’m curious, does anyone know anyone personally that the CRA has actually audited for not declaring a basement suite?
—————————————
I am an accountant and have seen clients get letters asking them if they have a rental suite. These were clients that did have suites and did not declare them. They can compare last names of people filing taxes and using a certain address as well as other qualifiers to assess the likelihood of a suite. It is one thing leaving this out of your return but quite another point blank lying to a question from CRA. So once they ask you the question you are mostly out of luck. I have seen CRA add the gross revenue and penalize the tax payer on the unreported gross revenue at 20%-50% on top of the income taxes and interest. People should really start reporting these rentals because the taxes on the net income is inconsequential compared the the results if CRA finds out in its own way.