u/FelixYYZ

Because 1 doesn't do anything but sit there. My main account is another one at a different place.

Now I've been doing this from a single checking account and it's been hard to keep track of. 

Tracking money from one account is hard?

Do you keep the budgeted money in checkings for past month's expenses done via your credit card until the last possible date of the statement? 

Yes you pay your credit card bill a few days before so it has time to clear.

1 checking, 2-3 savings?

1 chequing and 1 HISA for emergency fund and short term savings.

how is the market now and in the short term? 

It is what it is.

but it seems like there’s an impending crash looming and the AI bubble bursting could make things exponentially worse too.

They have bene talking about a burst/crash for over a decade.

Start with th money steps: !StepsTrigger (emergency find, short term savings and paying off debts).

When you get to step 5, then you can consider investing for the long term: !InvestingTrigger

Speak with an estate lawyer to draft a cohabitation agreement to protect your assets.

Canada doesn't have ACA subsidies or ACA at all. Canadian provinces have insurance plan funded by taxes.

If your card expires in January, your card is good till then, hence the word "expiry". If you are going to be back there in December, then check you mail and activate card.

Depends on the numbers for the car and the interest rate if you finance. If you are going to pay cash, leave in your savings account. Investing for the short term is too risky.

Follow the money steps in the trigger below !StepsTrigger

Budget, pay off debts, and 6 month emergency fund and short term savings in a HISA.

Once you get to step 5, then you can consider investing. Then read !InvestingTrigger

What can I do to maximize return and be cautious of cad tax at the end of the year?

Is this long term or short term (5 years or less) money?

BC is 5% for GST.

Read the CRA HST/GST website for more info: https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/gst-hst-businesses/charge-collect-which-rate.html

Since they hold "similar" things, the tax "efficiencies"/results are almost identical (with regards to eligible dividends, foreign dividends, capital gains, return of capital and foreign taxes paid). One distributes once a year and the other 4.

Both issue a T3 with all the info on it.

 I chose the TD Aeroplan card because I like to travel but I am not sure if I can earn enough points to make it worthwhile since I'm pretty frugal and not spending very much.

Then it won't be helpful.

The chequing account has a minimum balance of $4000 for no monthly fees which to me seems quite high.

All the "bog banks" have min balance requirements. It depends on your banking requirements. Do you need a brick and mortar location? Do you need any services from a branch? Etc.. So identify your needs first. Then start researching banks (physical and online banks depending on your needs).

I applied for the visa Aeroplan card at TD as they had a bunch of promotions, and I also opened a TFSA there. 

I have an RRSP that I put a few hundred into every month and a wealthsimple TFSA that I use to put money into stocks etc.

Then why open one at TD? At the retail branch no less!

in my case where I'm putting most of my money into savings, is there a better credit card or bank that I should go with?

Credit cards: use search tools in trigger to find cards that meet y9our needs. !CCTrigger (the app.finly one is pretty good.).

For banking, identify your needs and research banks that meet your needs for services and prices.

Ok. I just posted the Mat Leave EI website.

s it okay to invest into ZEQT? I see a lot of people saying they are in VEQT OR XEQT

It's a good option. XEQT and VEQT were out first that's why they get the love.

Consolidate the WS account as it's all duplication.

All of VFV and HXQ is in XUU, XEQT and VEQT.

All of XUU is in XEQT and VEQT.

XEQT and VEQT are virtually the same, pick one, ditch the rest, that's the point of an asset allocation/all in one ETF.

Same goes for your second window.

If unsure about self-directed investing, use a robo advisor. Same ETFs as self-directed, but they do all the work See trigger below !InvestingTrigger

You don't need any salesperson at a branch. It's only $100k.

If they hire a lawyer or accountant to help with the paperwork it’s not a burden to be the executor.

You got it!

And if OP you are smart, also leave a complete printed list somewhere in a sealed envelope with all your online passwords and a FULL list of credit cards, bank accounts, etc and the rest.

Legacy binder/folder is a great idea.

1) That was last year (October 2025).

2) The link I posted was this year.

Your e-series is fine, you could use their ETFs instead. Cheaper MER as well.

Your e-series is already globally diversified, except no emerging markets.

XEQT has CDN allocation that you said you don't want. XEC is just emerging markets. Loock at blackjack and Vanagurd's websites for ex-Canada ETFs.

However her first paycheque shows deductions for income tax, CPP, and EI. I’m confused because I thought self-employed contractors were responsible for paying their own income tax and CPP when filing their tax returns, rather than having these amounts deducted by the company. 

Has she thought about asking her clinic when they are withholding?

1. Depends on YOUR spending. Make a budget and see what you need for your budget.
2. FHSA (if you plan on buying in the next 15 years) or an RRSP, just delay taking the tax deduction till your income is higher when you finish school.
3. Do you need a car? Do you want to live with roommates? How long is the internship, etc....?

See the search bar near top of page?

Type in WFG or World Financial Group and see how horrible that company is.

To learn about investing, see the wiki near top of page and get the book from the reading list "Reboot your portfolio".

What are the exact steps I need to take in order to pay it off, take the line of credit out again to buy something like XEQT, and be able to write off the interest payments?

Buy XEQT in a taxable account with available borrowed money. Every quarter, when you get a distribution, that is income to you. You keep track of:

1. The interest you pay using a spreadsheet.
2. You will get a T3 for the investment income from XEQT around end of March. You enter the T3 info into your tax software.
3. You enter interest paid on line 8710 (I think that's the line).
4. For capital gains purposes, you keep track of your adjusted cost base. you can use https://www.adjustedcostbase.ca for free to track your transactions.
5. The use those distributions to pay back LOC.

CRA Folio for Interest Deductibility: https://www.canada.ca/en/revenue-agency/services/tax/technical-information/income-tax/income-tax-folios-index/series-3-property-investments-savings-plans/series-3-property-investments-savings-plan-folio-6-interest/income-tax-folio-s3-f6-c1-interest-deductibility.html

If you have money on you LOC now that you owe, you are better off paying that off than investing.

Edit:

I've sold my stocks and now have enough cash in my chequing account to pay off the line of credit.

So you should pay off your HELOC and then start fresh investing with borrowed money so you aren't mixing money from the same account.