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Forum: Canada
Apr 20th 2012, 8:20 pm
Replies: 103
Views: 8,369
Posted By JonboyE

Re: Buying v/s Renting

Canada's tax system is based on self-assessment and there is an assumption that you will be honest. When you become non-resident you are supposed to report all your capital assets and their values....
Forum: Canada
Apr 20th 2012, 7:31 pm
Replies: 103
Views: 8,369
Posted By JonboyE

Re: Buying v/s Renting

This might be true if you owned the gold prior to becoming tax-resident in Canada and leave again within 60 months. Otherwise you have a deemed disposition when you leave Canada and any capital gain...
Forum: Canada
Apr 20th 2012, 3:38 pm
Replies: 103
Views: 8,369
Posted By JonboyE

Re: Buying v/s Renting

Care to explain?
Forum: Canada
Apr 18th 2012, 10:23 pm
Replies: 103
Views: 8,369
Posted By JonboyE

Re: Buying v/s Renting

This is a Vancouver thing. Rental yields around here are brutal. The rule of thumb is that you look for an 8% yield, but that would mean getting $4,667 a month for a $700,000 house.

Some young...
Forum: Canada
Apr 17th 2012, 11:47 pm
Replies: 103
Views: 8,369
Posted By JonboyE

Re: Buying v/s Renting

Yes you are. As interest rates go up stock market returns go down.

In essence you are taking a long-term punt that your investment return (and that means markets as you will never stay ahead on...
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