Podcast #128: We chat with Kent C Dodds about why he loves React and discuss what life was like in the dark days before Git. Listen now.

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4

You asked a few questions, Does anyone have any idea about this? Is everything right here? Any gotchas that I need to be aware of? It's hard to answer those, because we're getting your description of the proposed deal, and that inherently leaves some gaps. If we take a step back, and ignore whether or not the seller is getting taken advantage of by the ...


4

They aren't transferring the loan. The situation is that the owner of the car is upside-down on their loan. That means they owe more money than the car is worth. Lender N is willing to incorporate this deficit into the loan they are offering for the new car. for example: original price of car 20K original loan balance 18K current loan balance 15K value of ...


3

Most Canadian banks have an account type that allows you to make unlimited free ATM withdrawals and they don’t charge you an annual fee e.g. CIBC smart account. The catch is that you have to maintain a certain minimum balance in your account (in the case of CIBC it’s 3K). If you can maintain that type of balance then all you need to do is switch to the no-...


2

You are correct that as of 2019, the total room for contributions, for someone who has never contributed, is $63,500. If someone contributed right from the beginning and invested cautiously, you'd expect them to have considerably more than $63,500 in their TFSA. The gains are sheltered from taxes. So, for example, someone carefully invested the full amount ...


2

This is actually noted in the fact sheet for the fund: The management fee is equal to the fee paid by the Vanguard fund to Vanguard Investments Canada Inc., and does not include applicable taxes or other fees and expenses of the Vanguard fund. This Vanguard fund invests in underlying Vanguard fund(s) and there shall be no duplication of management fees ...


2

No, your MER on VFV is 0.08% the reason why it’s higher than the 0.03% is that if you held the underlying asset VOO you would be subject to foreign withholding fees. You can actually use this to your advantage though by buying VOO in your RRSP (which allows you to waive the foreign withholding fees because it’s a retirement account) and holding VFV in your ...


2

I have been audited, but that was after we were incorporated. The business rents part of the house from the humans, who declare the rent as income and deduct hydro, insurance etc for that fraction of the house. The written Canadian rules are very clear that you can do it by square feet, by "one room out of 5 so 20%", or anything else that seems reasonable. ...


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I used to run a full-time business from my home and checked with my tax accountant before claiming the office room as an expense. She provided me with the following advise: Don't use the room for anything except business purposes. Use a floor plan and estimate the cost on the basis of the percentage of space used. Take photos of the room showing how it's ...


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I'm guessing you were pre-approved at a Big 6 bank. They are expecting you to find a house that you want to live in that requires no tear-down. I would recommend contacting a mortgage broker and asking them. A mortgage broker knows far more lenders than the Big 6, and can find a lender who is interested in working with you. One way to structure the deal ...


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