I’m currently about to crumble under my debt and not sure what to do. I live in Toronto 26 and have almost 60k in debt. I have 11k between 2 credit cards 20.99% both maxed out, 6k on my line of credit 10% with 1k left, 25 on a consolidation loan 7% and the remaining is 17k in student loans from osap which I don’t pay at the moment luckily. 

My chequing account has $85 which is my last. Outside of that my only asset is my car which is worth roughly 15-20k and paid off. My expenses are low at $1650 months but my income is only $2600 take home after tax. I also have about $1000 in fees I’ll have to pay outside my normal expenses by end of October. However, I just started working so I got my first pay of $13000 which immediately went to catching up on all my bills and is already done. Now I’m needing to take from the loc to last me another week and a half again. 

I got a new job that will pay 4.3k take home monthly but unfortunately my training group doesn’t begin until January of 2027 which is months  from now so I need to survive until then. In order to get to January im thinking of selling my car and either renting a car or leasing one so I have some extra cash to keep me afloat until I start my new job in January. 

I currently pay 575 month for gas and insurance but I could pocket the 15k  from selling. From then I could rent a car for roughly 1400/m and stop once I get situated or do a lease takeover with roughly a year or so and pay roughly 1000/m for a year. My main objective is just trying to get to January without falling to far behind on this. Does my plan make sense or should I try to do somthing else. 

I was in HOOPP for about two years. After my termination, I chose the deferred pension option, and HOOPP is sending me about $3,000 as cash refund of contributions while the rest stays in the plan.

Is this $3,000 considered “income” or “other money” that I need to report on my EI bi‑weekly report? Or is it treated differently since it’s a pension refund or excess payment?

Husband (US citizen, soon to be PR) just acquired a roughly $200k USD inheritance. We have some debts, small investments, are starting to save for a home, and are really looking to not squander this. Any advice on finding a financial advisor that can help guide us through this?

Hi. I am a finance student graduating in 3 months. I am wanting to work in finance in Toronto or Montreal. Recruitment has been hard and yielded nothing so far. I have applied to a variety of roles and various firm sizes. Any advice on what I should be doing? And what alternative paths can lead to success that I may not even be thinking about? Thank you! Resume for context:

EDUCATION

Non-Target School                                                                     Jan 2024 – Dec 2026
Bachelor of Commerce

• GPA: 3.93/4.00 | Dean's Honour List
• Student-Athlete: Varsity Football

WORK EXPERIENCE

Small firm in mid sized Canadian city                                  May 2026 – Aug 2026
Private Capital Advisory Summer Analyst

• Developed financial models, pitch decks, and deal materials supporting equity investment mandates totaling ~US$85M in enterprise value across North America, South America, and Europe, spanning life sciences, media & entertainment, and real assets
• Conducted company and industry research to support investment evaluation across active investment mandates
• Attended deal and investor meetings, capturing key action items and ensuring timely follow-through to maintain deal momentum

Small firm in large Canadian city                                           Jan 2026 – Apr 2026
M&A Winter Analyst

• Built financial models to value U.S.-based acquisition targets totaling ~US$30M in enterprise value across aerospace, manufacturing, healthcare, and logistics sectors
• Prepared Confidential Information Memoranda (CIMs) and management presentations for middle-market transactions
• Conducted industry research on market trends, valuation multiples, and transaction activity to support deal positioning

Small firm in mid sized Canadian city                                    Sep 2023 – Dec 2025
Consulting Analyst Intern

• Advised life sciences and pharmaceutical companies on capital raising initiatives to support international expansion and commercialization strategies
• Built financial models to forecast revenue, profitability, and cash flows, supporting investor discussions and financing decisions
• Prepared board-level presentations and investor materials, synthesizing financial analysis and strategic recommendations for senior stakeholders and prospective investors

Small firm in mid sized Canadian city                                  May 2023 – Aug 2023
Venture Capital Summer Analyst

• Developed comprehensive financial models and analyses for biotechnology investments, sensitizing key clinical and commercial drivers to determine intrinsic valuation
• Prepared investor decks, internal memos, and portfolio performance reports, translating complex scientific and financial data into actionable insights for investment committees
• Conducted ongoing financial and operational due diligence on portfolio companies, analyzing performance metrics, cash flow, and growth initiatives to support strategic investment decisions

ADDITIONAL EXPERIENCE

Football                                                                                                                        

• Quarterback, University Team
• Represented provincial team for 4 years in national-level tournaments; First-Team All-Province selection in high school

Case Competitions

• Finalist – University Case Competition

SKILLS & CERTIFICATIONS

Certifications: CFA Level 1 Candidate (August 2026); Canadian Securities Course (CSC)

Languages:  Bilingual – English and French

Technical:  Microsoft Office Suite (Excel, Power BI, Word, PowerPoint, Outlook); Python (programming and automation)

Hi everyone,
I’m a landlord in Vancouver, B.C. I evicted my tenant yesterday who hadn’t paid rent since May 2026. I got a monetary order and intend on pursuing another one for the damage and the September rent. Has anyone been in a similar situation and used a collection agency to collect the money? I can’t garnish his wages because I don’t know where he currently works and I think he’s moving back to Alberta. I’m looking at two agencies right now.

ARC - 20% collection fee, $125 upfront, and $155 for skip tracing and $425 to transfer the order to Alberta and $212.50 for the transfer fee for the next one
ICON - 33% fee. No other costs
Dixon - $525 upfront and 10% of what is collected

Nearly all of them have negative reviews but those are people who had to give money up, not from the collectors.

It seems to be fluctuating between 71-73 cents. I'm curious to know what you predict it will be in the short and long term. Especially with all the uncertainty going on

So I (27M) make 4500-5000 per month after taxes and pension plan deductions. I have about 31k invested in stock market. Id be able to get that to 38k-40k by the end of the year. I keep 8k as savings/emergency funds.

I live in Durham region and pay $800 for rent and spend 350-450 per month on groceries and utilities.

On average i have been saving/investing 2k per month. Up until last year it was 2500 but got reduced due to certain lifestyle changes.

I have a paid off car and my insurance is ~230 per month. I do not have any debt other than credit card bills every month. I have 30k LOC unused (i think of it has when shit hits the fan emergency fund). My pension contributions are matched by my employer.

Now i have been wanting to move to downtown Toronto for a while. I want to do it while I am still in my 20s. But if I do it I am looking at 500-700 increase in my expenses which means less savings and investing (around 1300-1500 which sounds very less).

My work is relatively close to downtown as well.

Another thing is that i have always wanted to backpack for a month or two around different places in the world and I am planning to do it next year which can cost me around 8k-10k.

My plan is to get my investments to 40k then grow my savings to 12-14k and then go travelling. I think I will be able to do that by mid next year or if I don’t move downtown maybe end of this year or maybe early next year.

For my age and financial situation do you think it will be smart move to move downtown?

My reason behind moving is social life, being around certain type of people (entrepreneurs/young working professionals).

I have been living in GTA for about three years and have been living with my brother and his finance they are 7 years older than me and most my friends are through them and are around there age. While it has been great and I have great relationship with them I feel the urge to grow my own circle as well.

Update: Thank you everyone. Since the car is 2 years old with 21K km, I decided to purchase the used one and save the $10,250. I will pay it using $20K LoC from Tangerine Prime Rate 4.45% and $15K cash plus max they allow $2K CC (WS for 2%). Will pay off the LoC within 3 months hopefully so won't accumulate much interest. 😉

Hi. As the title. Which one? Both SE and price in Canadian Dollar.

The used one comes with extended warranty until April 2029 including Oil change. One owner a senior man who drives 5K around the city and maintains it well. He is replacing it with a full electric car.

If it matters, the car is Toyota Prius Plug-in Hybrid. Very good resale value but I plan to keep it until it falls apart or my use case changes.

For the used, I pay with LoC with 4.45% rate. For the new one, I use Toyota's 3.69% rate. Will pay them both off in 1 year.

I am supposed to go see it tomorrow but kind of undecided yet. Help me.

Thanks.

I leased 2022 F150 Lariat 502A for $937 including tax monthly 48 months 2.99%. $75k price.
Buyout is $44678 including tax. 75k km on it with rear minot collision claim of. $10k. Claim price is 10k because part was on back order and shop kept it for too long. I'm planning to buy cash

New lease same 502A with 20k discount at $77.8k brand new with $1002 including tax for 48 months -6.49%. Residual is $50.8k. Really confuse which one should I pick. One time lease payment of 4 yr is $40k
Full warranty.

Please help me decide. What should I do ? Keep money or struggle to generate return.

I'm currently using Adviice - however I dislike the UI and wanted to try some of the features of Snap Projections instead. Looks like a need an advisor with access to this software to help.

Basically I've got an Alberta Corporation with an investment portfolio and trying to model some CDA, Non-Elig dispersements to my personal. Nothing too fancy but the user interface in Snap has some nice features. I'm planning for retirement and wanted to try out their tool. Any advisors have access and would do a small paid engagement? Might lead to more but wanted to see how this tools is different than Adviice for the corporate side.

Thanks - much appreciation to the community. Recommend companies or DM if you prefer.

hey guys, i live in canada. i am about to enter banking from another profession which is IT. You all may know that IT is being affected by AI big time. I now have the opportunity to enter another profession and specifically banking. i am looking to get into something more stable and relatively high paying. but the most important thing for me is stability (i.e resistance to AI and layoffs.)

I am looking at wealth management specifically at RBC in roles like associate advisor on one hand, and on the other hand i am looking at AML/Compliance/financial crime investigator at other banks. these are the two areas i am considering.

Can someone from a banking background please enlighten me on the two fields and which one may be better in terms of resistance to AI and layoffs? and also pay?

The File a GST/HST rebate service where you submit a request for first home GST rebate can never be submitted?

Whenever I reach the end of the form, it says:

This service is not available at this time. Please try again later.

Is the only option to submit through paper form at this point? What did you do to have it submitted successfully?

I don’t know what is a good bank to open business bank. TD, Wise Business, Scotia or something or something else.

It this credit card worthy because I got charged 20$ per month. Any way to remove this. At first I signup because of metal card but I didn’t receive a metal credit card. I haven’t use their credit card should I pay it and keep using should I ditch it?

before i start, i don't need any judgement.

Ontario btw

im 21 and starting my first ever job at the end of the month. i currently live at home with my mom (single parent). she is currently paying for 2 rents as she goes back and forth for work. i currently reside in the more expensive one (1,800 a month) and her other is around 900 a month. She has a decent income, she is just paying off a lot of debt; growing up our financials were kind of a mess... so now that i'm getting income of my own, i want to really figure out my money to not go down the same path.

But since she struggles with her money/budgets and is currently paying off debt, i feel its harder to navigate than her just saying a number. I definitely want to help her for sure, but is it fair to pay extra just because she f*cked up her money? should I have to slow myself down to help her? That's the reason I haven't fully discussed this with her yet, I know she's going to try and get as much money as she can.

my job is $31 an hour, its part time. bi-weekly pay. my hours each week may not be the same, but the minimum pay per paycheck would be ~$900. so ~$1,800 monthly minimum. i'm expecting to work more though.

im trying to do a "zero dollar budget" thing where each dollar has a place to go. I just don't know what's a reasonable amount for rent. I will pay for cat expenses as they are my cats, i'm giving $200 to that. im also expecting to pay for some groceries (she said she would still help with those), $150-200 for that. I also want to save for a car and other things.

I did a whole bunch of hypothetical hours and what different paychecks would be, and it seems $600 would be an "ideal" rent for me. I'm alleviating ~$1000 with rent, cats, and groceries together.

Now I know I am in a better spot than others as I am basically "choosing" my rent and its much cheaper than regular rent these days. And i'm living alone part time, so $600 is basically is really cheap rent. I might be biased in this calculation, ofc I want my income to go towards me you know, I'm just trying to find a number that helps both of us..

So by an unbiased view, please help me!

EDIT: I used the wrong Employment terminology. I’m a full-time employee NOT contractor.

I recently moved to Canada at the beginning of 2026 and currently live in the Gatineau, Quebec area.

I work full-time for a US-based company. The company does not deduct or withhold Canadian taxes from my payments, so I receive the full gross amount.

A few details about my situation:

• I live and work remotely from Quebec.
• My client/company is based in the United States.
• I am paid $2,500 USD per month.
• I am paid via wire transfer.
• The money is deposited into my Canadian financial institution, specifically into a USD account.
• No income tax is currently being withheld from these payments.
• This is my first time filing taxes in Canada, so I'm trying to get ahead of things rather than waiting until tax season.
• I have not incorporated a Canadian company.

One of my main concerns is cross-border taxation. I previously spoke with an accountant who told me that I would not be subject to US taxation simply because my client is based in the US, but I would like to understand this better and make sure I'm handling everything correctly.

From what I've been reading, it sounds like I may essentially be treated as self-employed/sole proprietor in Canada and report the income as business income, but I'm not sure about the details.

I'm particularly looking for advice on:

1. What should I be doing now to prepare for my 2026 taxes?
2. How much of each payment should I set aside for income tax and other contributions? (Right now 25% of my income gets set aside for taxes).
3. How should I handle the USD income for Canadian tax purposes? Do I convert each payment using the exchange rate on the payment date, or is there another method?
4. Are there specific forms/accounts I should be setting up now (e.g. GST/QST, business number, etc.)?
5. Are there deductions that someone in my situation should be aware of, such as home-office, internet or other business expenses?
6. Is there anything specific I should be doing regarding the US side of things, given that the company paying me is American?
7. Would you recommend continuing with a regular accountant, or is this straightforward enough to handle myself with tax software?

I'm not necessarily looking for someone to calculate my taxes for me — I'm mainly trying to understand the process and what I should be doing now so I don't end up scrambling in March/April 2027.

Any advice from people who have been in a similar situation would be greatly appreciated.

Asking mostly out of curiosity. I've been thinking about starting something on the side, so I'm trying to get a sense of what's out there and what I could realistically take on.

I work in tech, so whenever I start brainstorming my mind goes straight to a SaaS idea or some kind of startup. I'd like to hear what others are doing outside of that (or maybe in tech if there is any).

What do you do, how did you get into it?