Suggest posting in personalfinancecanada for more specific help, but no one can really answer this without knowing a lot more about your income and tax situation.

>“I once did a 30-year mortgage for a 97-year-old woman,” recalls Michael Becker, branch manager and loan originator at Sierra Pacific Mortgage in Lutherville, Maryland. “She was lucid, understood what she was doing and just wanted to help out a family member [by taking] some cash out of her home, and had the income to qualify and the equity in the home — she owned it free and clear — so she was approved.”

https://www.bankrate.com/mortgages/mortgages-for-seniors/#mortgage

as long as you can prove income, pass debt to loan ratios, etc age is not a factor that may be considered in America anyway

no it's okay i have morals

Maybe it's a European thing? His currency does use the Euro symbol.

dont wanna

but where would i go

how do you do that out of curiosity

he said if i dont pay him the money he'll take off the door

A Simple Path to Wealth by JL Collins.

Must have been an interest only loan.

A 30-year, 9% mortgage, after 22 years should have owed $43,937.83. You would have paid $169,936.29 total in mortgage payments.

The 9% rate is a killer. Using 3% those numbers are $28,754.95 owed and only $89,042.77 paid. That’s a savings of $96,076.40 over 22 years.

Now use home costs from today and the differences are even larger.

always pay in whole. Only by clearing the balance every month you wont incur any interest, and it is the only correct way to use a credit card.

Thanks, I am doin them myself so it's possible I just messed up somewhere along the way!

Yes, this is a better answer for those who have found debt enslavement.

Do you have any evidence that the water bubbler was actually picked up?

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I'm unfamiliar with Canadian tax law. You likely made some choices on withholding when you started work, or you have self-employment rules to follow. I'm unqualified to offer an opinion except that reading up on basic employment rules and taxes in your country might answer your questions.

I don't know anything about Canada (other than that it's cold and you have maple syrup), but are these brackets right? https://www.wealthsimple.com/en-ca/learn/tax-brackets-canada

So according to this, your taxes would be $7529.55 + $4059.615 = $11589.16

Do you have a standard deduction like we have in the US (where a certain amount of your income is excluded from taxation)?

If this tax table is right and you had $70K in income with $13K withheld, then something is not right somewhere along the line.

Thanks ill be sure to check it out

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Pay the statement balance before the due date. That's it.

Yeah I just went ahead and opened it, since it’s no penalty. I’ll close it out and reopen it if the rate goes up again! Recommend doing that as well for money you might not need right away

Pay in full is the ideal. If you cannot, pay as much as you can while still not "swiping" the card for more purchases until it's paid off. The interest rates are insane and a huge waste of money

/r/PersonalFinanceCanada will probably be more helpful.

Thank you so much!

Try r/cantax