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  • #46
    Re: Re: Re: BTW

    Originally posted by Dauphin


    That, and in most countries it is tax exempt (as PPR), making it even more attractive as an investment.
    It is NOT tax exempt here

    When I say I don't think of it as an investment , that is because I just don't see selling it for ANY reason for about 20-30 years. Its my HOME in a neighborhood I like and the fact it has doubled in value over 5 years is quite frankly pretty irrelevant to my financial plans (other than the fact that all that equity allows me to borrow at favorable rates)

    So while I fully appreciate that this house has been a good investment, I don't think we will ever treat it as an investment. My stocks and funds I will buy or sell in a second if I thought it was the right move ( even though I am overall a "buy and hold" type guy)-- My house??THe only reason to sell would be leaving the city or divorce or something.
    You don't get to 300 losses without being a pretty exceptional goaltender.-- Ben Kenobi speaking of Roberto Luongo

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    • #47
      Re: Re: Re: Re: BTW

      Originally posted by Flubber


      It is NOT tax exempt here
      Are you sure?

      According to the Canadian Revenue Agency it is capital gains tax exempt as a PPR (Principal Private Residence).

      Canada Revenue Agency (CRA) - Canada.ca
      http://www.cra-arc.gc.ca/tax/individuals/topics/income-tax/return/completing/reporting-income/lines101-170/127/residence/disposing/menu-e.html
      The Canada Revenue Agency (CRA) administers tax laws for the government, providing contacts, services, and information related to payments, taxes, and benefits for individuals and businesses.
      One day Canada will rule the world, and then we'll all be sorry.

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      • #48
        he is probably

        thinking about other types of taxes
        “It is no use trying to 'see through' first principles. If you see through everything, then everything is transparent. But a wholly transparent world is an invisible world. To 'see through' all things is the same as not to see.”

        ― C.S. Lewis, The Abolition of Man​

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        • #49
          Re: he is probably

          Originally posted by pchang
          thinking about other types of taxes
          I was actually thinking in particular about mortgage deductibility. I thought that was what ther prior poster was referencing. I knew that the capital gain was exempt ( with respect to your primary residence)
          You don't get to 300 losses without being a pretty exceptional goaltender.-- Ben Kenobi speaking of Roberto Luongo

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          • #50
            Re: Vanguard

            Originally posted by pchang
            Vanguard does not have physical offices all over the place. However, they do have a very large campus in Valley Forge, PA.
            Ok - let's all try to guess where Stuie works.

            But I'm in IT - I know crap about investing.
            "Stuie has the right idea" - Japher
            "I trust Stuie and all involved." - SlowwHand
            "Stuie is right...." - Guynemer

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            • #51
              we should talk some time

              While I am a Vanguard customer, you (Vanguard IT that is) are also a a big customer of mine.
              “It is no use trying to 'see through' first principles. If you see through everything, then everything is transparent. But a wholly transparent world is an invisible world. To 'see through' all things is the same as not to see.”

              ― C.S. Lewis, The Abolition of Man​

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              • #52
                I see then... any REIT recommendations? Do mutual fund companies run a lot of them (ie: Vanguard, Fidelity, etc.)?
                Who wants DVDs? Good prices! I swear!

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                • #53
                  VGSIX

                  Did you not notice my previous post?
                  “It is no use trying to 'see through' first principles. If you see through everything, then everything is transparent. But a wholly transparent world is an invisible world. To 'see through' all things is the same as not to see.”

                  ― C.S. Lewis, The Abolition of Man​

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                  • #54
                    Sometimes I don't read good. =/
                    Who wants DVDs? Good prices! I swear!

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                    • #55
                      Re: Tell me what you know of mutual funds

                      Originally posted by Mao
                      Tell me what you know of mutual funds
                      Well they are funds that are, kind of, mutual
                      Speaking of Erith:

                      "It's not twinned with anywhere, but it does have a suicide pact with Dagenham" - Linda Smith

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                      • #56
                        Test some enzymes on cows, smartpants
                        Originally posted by Serb:Please, remind me, how exactly and when exactly, Russia bullied its neighbors?
                        Originally posted by Ted Striker:Go Serb !
                        Originally posted by Pekka:If it was possible to capture the essentials of Sepultura in a dildo, I'd attach it to a bicycle and ride it up your azzes.

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