Numpty @ Numpty @lemmy.ca

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Joined

2 yr. ago

Lived in the GVRD. Thought "this is way too expensive, everyone is saying Alberta is so much cheaper" so we put things in storage and went to Alberta. Six months in, we discovered...

• Car insurance in AB is 3 to 5 times what we were paying in BC and we get less coverage.
• Rents are only marginally lower than what we'd pay on a similar property in the Fraser Valley
• House prices were only marginally lower in the Calgary region vs where we bought in BC
• Winter in Alberta sucks big time

After six months we moved back to BC. The small difference in housing costs made so little impact to our monthly COL, that it wasn't worth it. We paid WAY more for car insurance and electricity - so much so that any savings we saw in housing costs were totally eclipsed by other expenses.

Talking.. sometimes. Actively doing the thing they talk about.. nope.

Any property that you put up for rent is actually treated as a business by the CRA.

• You pay higher property taxes on a rental.
• If you sell, and the property isn't your primary residence, you pay capital gains taxes.
• All rental income is taxed and you can't claim that rental income... you can claim interest paid one the mortgage, but it's not that much.
• There are incentives to maintain a single home when you're buying and selling... If you buy/sell your primary residence you don't pay capital gains taxes.

Should there be more taxing on second and more properties that are investment... maybe. If you increase the cost of ownership, that cost is placed on the renter. A property owner isn't in the game for fun and they aren't going to be willing to take a lot just for the benefit of a renter. It might put pressure on speculators to increase the taxes, but... It's not as 1:1 as people like to think.

That's not the discussion here though. It was about how the sharp rise in interest rates will flood the market with foreclosed homes... somehow making it magically affordable for people who couldn't afford a house at the low interest rates.

And now your family of four in your cramped apartment will be competing with a LOT more people for that same number of cramped spaces... supply/demand... it's going to hurt EVERYONE not just the overleveraged. Meanwhile corporate housing companies will be playing Scrooge McDuck.

That's pretty common for companies that don't have a payroll entity in a particular country. A lot of startups do this and slowly add payroll in countries that have a larger or growing number of employees.

There isn't much for fallout. You will have to set aside $$ for CRA - either prepay into your CRA account on a quarterly basis or put money aside each month in an account you NEVER touch until tax time. It's not too hard to guestimate your taxes owed.

You will have to keep all receipts - you can claim quite a lot as a contractor. I'd recommend also hiring an accountant. It won't cost you that much - maybe around $500 if you are organized and make things easy by tracking things in a spreadsheet or personal accounting program.

You typically won't get benefits... but most companies will top up a fixed amount per month to allow for what you'd usually get as an employee.

All those people have to live somewhere. Or there will be a massive increase in homelessness.

With a flood of houses on the market, they will snapped up by... people with a good cash flow... like... corporations. Who will then turn around and rent them out to you and me and all those people forced out of their homes.. at whatever rental rate they desire... while raking in the cash.

I assume you can't afford a house now and couldn't afford a house when rates were as low as 1%. Even if a house is foreclosed on and dramatically drops in price, do you think you will actually be able to pony up and pay a downpayment and manage a mortgage rate at say.. 8 percent? I seriously doubt it. A $1.8 million home (at today's valuation) isn't going to pop onto the market at $150,000 in 2 years when the renewal hits.

The reality is that the banks will do whatever they can to keep people in their houses. I checked my bank today to estimate what my mortgage renewal will look like when it comes up and they are offering mortgage terms up to 59 years. I can afford my renewal even at the new rate because I bought a bit over at 1/3rd of what they approved me for... I knew rates would go up, and I knew what I could afford at more typical rates. I'd rather pay the lower rates of course... but...

That won't go on your favour. That will go VERY badly.

Threads... https://www.imdb.com/title/tt0090163/

Try FreeOffice: https://www.freeoffice.com/en/ I've foudn it better than OnlyOffice and it is German vs Russian... so there's that in favour of FreeOffice.

Microsoft office

I'm rather impressed with the MS Office compatibility and comparability of FreeOffice - https://www.freeoffice.com/ The free version trails the paid by one release... seems like a fair compromise. It's not pure FOSS, so purists might not like it, but it really gets the job done, especially with rountripping documents. There are always corner cases where things go boink, but hell... things even go off the deep end between versions of MSO.

I used a Tampermonkey script called Reddit History Sanitiizer: https://greasyfork.org/en/scripts/23605-reddit-history-sanitizer/code

You can modify it to do what you want... Power Delete Suite works too. There's a lot more out there, especially now.

Yes... 13+ years on Reddit on my main account (different name than my Lemmy account), and it's gone. I've deleted all my posts and thousands of replies. I was active in several communities, including the Linux and open-source communities.

I used a script to edit my post history and replace my posts with random text, and then after a waiting period, delete the posts entirely. It took a couple of days to sift through it all. Then once I was down to zero posts... deleted my account.

It really depends on how you're paid. I'm paid through a Canadian payroll entity so all taxes are sorted properly with the CRA.

The only thing I've got to be aware of tax wise is maintaining my Canadian tax residency... which means being physically on Canada at least 6 months of the year.

That's what I do.