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Yesterday, 10:04 AM
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#37926 | | Lomac owned my ass at least once
Join Date: Apr 2014 Location: Van
Posts: 6,400
Thanked 2,617 Times in 1,415 Posts
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But it also depends what type of transactions you do, cuz if you only had to pay hydro, property tax, wire, visa once in a while PB it's kinda stupid, as you still gotta tell them to do it which takes more time than just paying a bill online, it's only if you're that busy always sending wires that PB is kinda worth it? I think the benefits of high net worth lending, investment advice, tax planning, better rates obviously, is more benefit than not having to pay a bill online. Unless you are a boomer that goes in person to do everything.
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Yesterday, 10:19 AM
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#37927 | | RabidMod
Join Date: Aug 2003 Location: Toronto
Posts: 7,062
Thanked 2,332 Times in 874 Posts
Failed 120 Times in 37 Posts
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Well anything that's allowed to do online, I already do online. My bill payments are automated, my property tax is a couple clicks through CTFS portal, etc.
It's just a bunch of random things seem to be barred by regulation in Canada. You can't actually send a wire transfer online. You can send EMTs, "Global Transfers", and ACH, but you can't do wire transfers. This is something I was routinely able to do in the Bank of America app.
The most recent unexpected thing I had to line my peasant-ass up for, was update my CRA direct deposit. I had to go to a bank in person for that wtf. It was either get in a line, or mail in a form. I don't even own a printer.
Re actual financial advice, that's a good point. I just assumed they wouldn't know their ass from their face. I guess I should just talk to them and find out, because if I'd actually be getting lowside67-level advice, then hell yes I'd gladly pay for that service.
__________________ Geriatric Motoring Club Member #37 Quote:
Originally Posted by EvoFire  I need to be reliably within 10-15mins of a baked pork chops rice with lemon tea. | | 
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Yesterday, 10:26 AM
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#37928 | | RS Veteran
Join Date: Dec 2001 Location: Your Location
Posts: 32,934
Thanked 14,457 Times in 6,065 Posts
Failed 534 Times in 356 Posts
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Just ask the regular folks here on Revscene. Everyone here is on PB-level (except for me). 
__________________ Quote:
Originally Posted by Badhobz I used to date this crazy cbc bitch in college. I miss this slut and her magical ass. | Quote:
Originally Posted by Badhobz I’d eat her crack. | Quote:
Originally Posted by mikemhg "Oh ya, don't be too loud, my ex-wife is upstairs/down the hall, no biggie though, we've been separated for years now. | | |
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Yesterday, 10:41 AM
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#37929 | | RabidMod
Join Date: Aug 2003 Location: Toronto
Posts: 7,062
Thanked 2,332 Times in 874 Posts
Failed 120 Times in 37 Posts
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I meant "lowside67 level" wrt technical adeptness, not wealth  .
But presuming the latter: probably the most complicated part about it is the cross-border income: I'm getting paid in equities in both the US and Canada, in addition to my regular income. Meanwhile, the IRS & CRA are both withholding the maximum lol. I want to be as tax-efficient as I can be, but there's the bigger picture of net investment returns I need to look at, as well as gaming out the scenarios for any future changes in career or location.
Even if everybody is PB level here, I'm guessing it's an uncommon enough situation that they haven't had to put a lot of thought into it.
__________________ Geriatric Motoring Club Member #37 Quote:
Originally Posted by EvoFire I need to be reliably within 10-15mins of a baked pork chops rice with lemon tea. | | |
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Yesterday, 11:40 AM
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#37930 | | Rs has made me the woman i am today!
Join Date: Mar 2011 Location: Vancouver
Posts: 4,467
Thanked 5,011 Times in 2,036 Posts
Failed 109 Times in 53 Posts
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Originally Posted by bcrdukes Just ask the regular folks here on Revscene. Everyone here is on PB-level (except for me). | Wait, there are losers here who don't qualify for wealth management??!?!
__________________
Current: 2019 Acura RDX
Gone: 2007 Acura TSX, 2008 Mazda 3 GT, 2003 Mazda Miata LS, 2008 Mazda Miata GT PRHT, 2003 Mazda Protege 5
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Yesterday, 12:03 PM
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#37931 | | Willing to sell a family member for a few minutes on RS
Join Date: Oct 2016 Location: Ricemond
Posts: 13,499
Thanked 15,298 Times in 5,759 Posts
Failed 553 Times in 305 Posts
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I went to breakfast this morning and stole the little packets of jam and peanut butter. Does that make me PB level ?
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Geriatric Motoring Crub Member #444 | |
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Yesterday, 12:46 PM
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#37932 | | y'all better put some respeck on my name
Join Date: Dec 2002 Location: Vancouver
Posts: 18,847
Thanked 10,158 Times in 2,673 Posts
Failed 395 Times in 161 Posts
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I have RBC Private Banking. Requirements aren’t publicly listed but generally you’re looking at high 6 figures to low 7 figures in investable assets, sometimes more depending on the relationship. But it’s not just about cash sitting there either, they look at overall net worth, business ownership (assuming you own one), lending needs and long term potential.
In my case it wasn’t a strict number, it was more about the relationship and complexity of finances. Once you’re in, you get a dedicated private banker, better access to lending and everything is handled a lot more discreetly. It’s useful if you have multiple assets, businesses, or larger purchases rather than just day to day banking.
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Yesterday, 12:55 PM
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#37933 | | Rs has made me the woman i am today!
Join Date: Mar 2011 Location: Vancouver
Posts: 4,467
Thanked 5,011 Times in 2,036 Posts
Failed 109 Times in 53 Posts
| Quote:
Originally Posted by RabidRat I meant "lowside67 level" wrt technical adeptness, not wealth .
But presuming the latter: probably the most complicated part about it is the cross-border income: I'm getting paid in equities in both the US and Canada, in addition to my regular income. Meanwhile, the IRS & CRA are both withholding the maximum lol. I want to be as tax-efficient as I can be, but there's the bigger picture of net investment returns I need to look at, as well as gaming out the scenarios for any future changes in career or location.
Even if everybody is PB level here, I'm guessing it's an uncommon enough situation that they haven't had to put a lot of thought into it. | This sounds more like a need for a good accountant + financial advisor than a need for a private banker.
Re: IRS/CRA - withholding tax - is that b/c you're still considered an American employee and haven't been transferred to the Canadian entity and/or is it because your stock grants were made while you were an American employee and that sticks with you till those grants are all exercised?
I'm guessing the former has been explored and HQ has said no?
__________________
Current: 2019 Acura RDX
Gone: 2007 Acura TSX, 2008 Mazda 3 GT, 2003 Mazda Miata LS, 2008 Mazda Miata GT PRHT, 2003 Mazda Protege 5
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Yesterday, 03:36 PM
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#37934 | | RS Veteran
Join Date: Dec 2001 Location: Your Location
Posts: 32,934
Thanked 14,457 Times in 6,065 Posts
Failed 534 Times in 356 Posts
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Originally Posted by supafamous Wait, there are losers here who don't qualify for wealth management??!?! | I am the only loser in the not qualified category.
__________________ Quote:
Originally Posted by Badhobz I used to date this crazy cbc bitch in college. I miss this slut and her magical ass. | Quote:
Originally Posted by Badhobz I’d eat her crack. | Quote:
Originally Posted by mikemhg "Oh ya, don't be too loud, my ex-wife is upstairs/down the hall, no biggie though, we've been separated for years now. | | |
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Yesterday, 03:37 PM
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#37935 | | RS Veteran
Join Date: Dec 2001 Location: Your Location
Posts: 32,934
Thanked 14,457 Times in 6,065 Posts
Failed 534 Times in 356 Posts
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I think what RabidRat needs first is a creative accountant followed by a crafty banker.
__________________ Quote:
Originally Posted by Badhobz I used to date this crazy cbc bitch in college. I miss this slut and her magical ass. | Quote:
Originally Posted by Badhobz I’d eat her crack. | Quote:
Originally Posted by mikemhg "Oh ya, don't be too loud, my ex-wife is upstairs/down the hall, no biggie though, we've been separated for years now. | | |
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Yesterday, 03:42 PM
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#37936 | | Lomac owned my ass at least once
Join Date: Apr 2014 Location: Van
Posts: 6,400
Thanked 2,617 Times in 1,415 Posts
Failed 243 Times in 149 Posts
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I think he also needs none north American passport
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Yesterday, 03:53 PM
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#37937 | | RS.net, helping ugly ppl have sex since 2001
Join Date: Nov 2002 Location: 604
Posts: 9,867
Thanked 5,829 Times in 2,811 Posts
Failed 315 Times in 156 Posts
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Originally Posted by bcrdukes I am the only loser in the not qualified category. | I also need to get financing from brown brothers in Surrey ... and then try not to get shot at for not paying $$ back in time.
__________________
you can quote me on that Quote:
Originally Posted by mikemhg Stay anonymous my friends. | Quote:
Originally Posted by bcrdukes "Trying is the first step to failure." - Homer Simpson | | |
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Yesterday, 04:15 PM
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#37938 | | RabidMod
Join Date: Aug 2003 Location: Toronto
Posts: 7,062
Thanked 2,332 Times in 874 Posts
Failed 120 Times in 37 Posts
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Originally Posted by supafamous This sounds more like a need for a good accountant + financial advisor than a need for a private banker. | The accounting firm that did my income tax charged me $6000, and that was just asking me a couple of questions over email. And I'm sure that was just popping stuff into their software.
I'm deeply afraid of what they'd quote me to do an actual consultation ><. Quote:
Originally Posted by supafamous Re: IRS/CRA - withholding tax - is that b/c you're still considered an American employee and haven't been transferred to the Canadian entity and/or is it because your stock grants were made while you were an American employee and that sticks with you till those grants are all exercised?
I'm guessing the former has been explored and HQ has said no? | Yeah it's the latter  .
__________________ Geriatric Motoring Club Member #37 Quote:
Originally Posted by EvoFire I need to be reliably within 10-15mins of a baked pork chops rice with lemon tea. | | |
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Yesterday, 04:40 PM
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#37939 | | RS Veteran
Join Date: Dec 2001 Location: Your Location
Posts: 32,934
Thanked 14,457 Times in 6,065 Posts
Failed 534 Times in 356 Posts
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Who are you hiring? KPMG?
__________________ Quote:
Originally Posted by Badhobz I used to date this crazy cbc bitch in college. I miss this slut and her magical ass. | Quote:
Originally Posted by Badhobz I’d eat her crack. | Quote:
Originally Posted by mikemhg "Oh ya, don't be too loud, my ex-wife is upstairs/down the hall, no biggie though, we've been separated for years now. | | |
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Yesterday, 04:41 PM
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#37940 | | RS Veteran
Join Date: Dec 2001 Location: Your Location
Posts: 32,934
Thanked 14,457 Times in 6,065 Posts
Failed 534 Times in 356 Posts
| Quote:
Originally Posted by Badhobz I went to breakfast this morning and stole the little packets of jam and peanut butter. Does that make me PB level ? | Badhobz = PeanutButter
__________________ Quote:
Originally Posted by Badhobz I used to date this crazy cbc bitch in college. I miss this slut and her magical ass. | Quote:
Originally Posted by Badhobz I’d eat her crack. | Quote:
Originally Posted by mikemhg "Oh ya, don't be too loud, my ex-wife is upstairs/down the hall, no biggie though, we've been separated for years now. | | |
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Yesterday, 04:47 PM
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#37941 | | RabidMod
Join Date: Aug 2003 Location: Toronto
Posts: 7,062
Thanked 2,332 Times in 874 Posts
Failed 120 Times in 37 Posts
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Originally Posted by bcrdukes Who are you hiring? KPMG? | No dude, I wish. Just a smaller firm. I called / emailed around for months and anybody that would hear me out, was in the $5-7k range. Including the independents.
Seems as soon as you mention that you have a cross-border situation, nobody wants to deal with you 
I'm a Turbotax $55 on sale at Costco kinda guy. This year now that I can sort of copy their template, I'll try to go back to that approach.
__________________ Geriatric Motoring Club Member #37 Quote:
Originally Posted by EvoFire I need to be reliably within 10-15mins of a baked pork chops rice with lemon tea. | | |
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Yesterday, 04:55 PM
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#37942 | | Willing to sell a family member for a few minutes on RS
Join Date: Oct 2016 Location: Ricemond
Posts: 13,499
Thanked 15,298 Times in 5,759 Posts
Failed 553 Times in 305 Posts
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Woah woah turbo tax ?!?! Look at mr money bags here… Psssh… try HR block free online tax prep. It’s free !
Once again ITS FREE !!!!
Great for simple taxes like my parents.
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Geriatric Motoring Crub Member #444 | |
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Yesterday, 05:18 PM
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#37943 | | Rs has made me the woman i am today!
Join Date: Mar 2011 Location: Vancouver
Posts: 4,467
Thanked 5,011 Times in 2,036 Posts
Failed 109 Times in 53 Posts
| Quote:
Originally Posted by RabidRat The accounting firm that did my income tax charged me $6000, and that was just asking me a couple of questions over email. And I'm sure that was just popping stuff into their software.
I'm deeply afraid of what they'd quote me to do an actual consultation ><. | I've heard from a few folks who have US/CAN tax stuff and $6k is run of the mill. Everything gets magically more complex with cross border taxes and I know someone who has to shell out annually for it as he doesn't want to give up his US citizenship (while working here).
__________________
Current: 2019 Acura RDX
Gone: 2007 Acura TSX, 2008 Mazda 3 GT, 2003 Mazda Miata LS, 2008 Mazda Miata GT PRHT, 2003 Mazda Protege 5
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Yesterday, 05:41 PM
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#37944 | | I contribute to threads in the offtopic forum
Join Date: Mar 2011 Location: NYC
Posts: 2,845
Thanked 2,130 Times in 889 Posts
Failed 60 Times in 18 Posts
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If you need cross border guy lmk - a friend who ran that practice for EY left and started his own thing.
Rates were super good, $600 for cross border filing and $100 for consult when he as doing it on the side back then.
I've sent 30 Microsofties his way - happy to see if he's taking on new business and what his rates are.
__________________
2002 AP1 S2000 "Mustard"
2024 F150 Lightning
Past:
- '09 Ducati Monster 696 "Ketchup"
- '20 Dodge Charger R/T
- '20 Ford Mustang GT Convertible
- '04 Acura TL 6MT
- 🛴 Lime Scooter 🛴
- '16 Golf 1.8T
- '09 MB E63 AMG
- '06 Honda Accord V6
Last edited by AstulzerRZD; Yesterday at 05:51 PM.
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Yesterday, 06:05 PM
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#37945 | | RabidMod
Join Date: Aug 2003 Location: Toronto
Posts: 7,062
Thanked 2,332 Times in 874 Posts
Failed 120 Times in 37 Posts
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Wtf that's amazing, PMed!
__________________ Geriatric Motoring Club Member #37 Quote:
Originally Posted by EvoFire I need to be reliably within 10-15mins of a baked pork chops rice with lemon tea. | | |
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Yesterday, 07:31 PM
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#37946 | | OMGWTFBBQ is a common word I say everyday
Join Date: Dec 2002 Location: YVR/TPE
Posts: 5,128
Thanked 3,205 Times in 1,413 Posts
Failed 676 Times in 219 Posts
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PB is about connections really. You need anyone specifically in whatever field? Say accounting lawyers, corporate accountant, multi-national accountant... etc. Chances are, your PB peep would have someone to refer you to or at least point you to the right direction.
It's not solely to have a person to call/email/text to for your banking needs, but rather anything and everything to do with money, it's just one step away. Just saves time and especially when you are traveling or somewhere where you don't have physical access to bank, this has proven a life-saver to me many times. And they have a lot more authority vs. regular teller as well. When we were closing on a property, I was getting funds (bank drafts/checks) from others made to me to complete the purchase. Usually, they'd have a hold for large amounts, and I was risking on not able to close in time. One call to my PB ppl and all restrictions were lifted.
__________________
Nothing for now
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Today, 10:37 AM
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#37947 | | OMGWTFBBQ is a common word I say everyday
Join Date: Apr 2013 Location: revscene
Posts: 5,009
Thanked 5,436 Times in 1,927 Posts
Failed 180 Times in 78 Posts
| Quote:
Originally Posted by Badhobz Woah woah turbo tax ?!?! Look at mr money bags here… Psssh… try HR block free online tax prep. It’s free !
Once again ITS FREE !!!!
Great for simple taxes like my parents. | Nothing is free. HR Block has the most deceptive business practices and will do nothing to protect your personal information and data, let alone might even apply for grants under your name and defraud the government. https://www.cbc.ca/news/canada/canad...cked-1.7363440 https://www.ftc.gov/news-events/news...stomer-service
My family does corporate and personal income taxes, support RS members instead #supportlocal LOL shameless plug (we don't do cross-border *yet*)
__________________
|| 18 FK8 | R-18692 | Rallye Red | 6 MT ||
|| SOLD 97 E36 M3 Sedan | Arctic Silver | 5MT ||
|| RIP 02 E46 330ci | Schwartz Black II | 5MT | M-Tech II | Black Cube | Shadowline | Stoff Laser/Anthrazit ||
|| RIP 02 E46 M3 | Carbon Black | 6MT ||
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Today, 11:26 AM
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#37948 | | private modder
Join Date: Feb 2002 Location: North Shore
Posts: 7,171
Thanked 3,362 Times in 953 Posts
Failed 47 Times in 35 Posts
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Hey question for people specifically with variable TD mortgages.
With the decline in rates this past year, has your payment adjusted downwards? Or has it stayed the same, but with more going to the principal?
When we signed a 5 year variable with TD back in January, I assumed as the interest rate goes down, our payment would as well.
12 months later and that doesn't appear to be the case.
Did I just miss that part of the fine print in the mortgage agreement? Or is this something I can adjust?
It's a pain to talk to anyone at TD without making an appointment so I thought I'd ask here in case anyone knows.
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Today, 11:45 AM
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#37949 | | I told him no, what y'all do?
Join Date: Aug 2006 Location: Vancouver
Posts: 10,630
Thanked 6,369 Times in 2,803 Posts
Failed 108 Times in 70 Posts
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studiotax used to be free for all, but changed the model so only low income folks get it for free. it's still a good deal - just under $20 for up to 10 returns. i like how if you submitted online before it can use your previous return to populate a lot of stuff making it even more user friendly.
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http://www.revscene.net/forums/showthread.php?t=611711 Quote: Greenstoner
1 rat shit ruins the whole congee
originalhypa
You cannot live the life of a whore and expect a monument to your chastity | Quote:
[22-12, 08:51]mellomandidnt think and went in straight..scrapped like a bitch
[17-09, 12:07]FastAnna glowjob
[17-09, 12:08]FastAnna I like dat
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Today, 11:47 AM
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#37950 | | Performance Moderator
Join Date: Jun 2001 Location: Richmond
Posts: 18,925
Thanked 20,646 Times in 7,030 Posts
Failed 322 Times in 213 Posts
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^^ A variable will keep the payment the same and adjust the amount paid to principal until/if a trigger point is hit (ie: interest rate is super high and barely any is going to principal or maybe none at all)
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