kurtrules's latest activity

  • kurtrules
    kurtrules reacted to crankcall's post in the thread Banks and credit cards with Like Like.
    I’m going to sound like my mom , but there is no free lunch . For as many cashed that cheque , an equal amount F’d thier retirement...
  • kurtrules
    kurtrules reacted to LePhillou's post in the thread Banks and credit cards with Like Like.
    I mean that's the thing, i dont have the nerves or patience to track that many. I do have a friend who's trying to build his wealth...
  • kurtrules
    kurtrules replied to the thread Banks and credit cards.
    Fair enough. It also depends on time horizon. Not advisable if you need the money in the short term.
  • kurtrules
    kurtrules replied to the thread Banks and credit cards.
    The risk is only if you are using TFSA or RRSP accounts for day trading etc. CRA find out, you had handed a penalty, and all other gains...
  • kurtrules
    kurtrules reacted to mimico_polak's post in the thread Banks and credit cards with Like Like.
    I’ve looked into it before and it doesn’t work with the type of HELOC that I currently have. Must be a readvancable type of mortgage...
  • kurtrules
    kurtrules replied to the thread Banks and credit cards.
    Not if it’s your residential property. CRA confirmed
  • kurtrules
    kurtrules replied to the thread Banks and credit cards.
    And yes, not LOCs are bad (e.g. HELOCs) Canada offers Smith's maneuver (look it up) .. back in 2021 when the BOC was 0% and prime was...
  • kurtrules
    kurtrules replied to the thread Banks and credit cards.
    I have a hobby of collecting credit card bonuses and then converting them to Aeroplan points. Amex offers the most generous new card...
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