Originally Posted by Eff-1 (Post 9205048)

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.

Originally Posted by RabidRat (Post 9205075)

Lol I think I'll do it. They emailed me back saying yes they can do wire transfers for me, no need to line up in person anymore. That was my primary dream, everything else is optional. They said no fees!

Originally Posted by Eff-1 (Post 9205048)

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.

Originally Posted by Badhobz (Post 9204967)

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.

Originally Posted by BIC_BAWS (Post 9205030)

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*)

Originally Posted by bcrdukes (Post 9205093)

Not that it matters, because all of you have private banking prileges, but in case anyone needs to (or wants to) know, Wealthsimple offers tax filing for free*. Free as in you pay what you want/can. The only caveat is you need to sign up with them. Then again, their data can be breached like any financial institution, so sign up and use their service at your own risk.

Originally Posted by supafamous (Post 9205095)

Pfffffffttt..you only have to pay if you have less than $500k in assets, it's free otherwise. C'mon, roll the dice on some crypto and you'll be there in a few weeks.

Originally Posted by Traum (Post 9205140)

Gesh... I dun want an iPhone or a Mac. I'm an Android and PC kinda guy!

Why can't these WealthSimple dudes get their facts straight, and see that Android and PC users outnumber iPhone and Mac bros by something like 9:1?

Originally Posted by Traum (Post 9205140)

Gesh... I dun want an iPhone or a Mac. I'm an Android and PC kinda guy!

Why can't these WealthSimple dudes get their facts straight, and see that Android and PC users outnumber iPhone and Mac bros by something like 9:1?

Originally Posted by GLOW (Post 9205057)

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.

Originally Posted by Eff-1 (Post 9205048)

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.

Originally Posted by dat_steve (Post 9205171)

As someone noted before, your payment stays the same but your split between interest/principal gets adjusted so you end up paying down your balance quicker. We got our mortgage in September last year, and have since knocked off close to 10 years of amortization which is pretty sweet. I believe TD gives you the ability to lock in at any time, so I've been waiting for one more drop (pls pls zaddy Macklem) but the chances of that appear to be dwindling.