planning 2010 (version 1)

8/3/2019 Planning 2010 (Version 1)

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$ Jan Feb Mar Apr May Jun Jul

RRSP 100 100 100 100 100 100 100Mom/DadMy Saving

Mortgage 779.79 779.79 779.79 779.79 779.79 779.79 779.79Property Taxes 50 50 50 50 50 50 50Condo Fees 156.02 156.02 156.02 156.02 156.02 156.02 156.02Home Insurance 17.08 17.08 17.08 17.08 17.08 17.08 17.08Mortgage Difference 500 500 500 500 500 500 500Power/Hot Water/Heat 25.43 31.22 28.25 29.41 27.63 33.23 28.08Phone/Internet/Long Distance 47.9 47.9 47.9 47.9 47.9 48.92 49.22

Grocery 0Toiletries/Cleaning Products/Mis Needs 0Car Insurance/Home Repairs/Maintenance 300 300 300 300 300 300 300

Gas 0Toll/Parking/Taxi 01876.22 1882.01 1879 1880.2 1878.42 1885.04 1880.2

Gift/Christmas/Trip Home 300 300 300 300 300 300 300Other Travel 0 0Cell 0 112

Restaurant/Out/ 0 155.28Clothes/Shoes/Linen/Accessories 13.23 208.46 100.08Personal Care/Toiletries/Cosmetics Wants 61.8Books/Magazines/Newspaper

EntertainmentExercise/Health/DancePostageMis/Flowers/Dry Cleaning 64.96 624.46 3000 217.41

Total by Month

BudgetPower/Hot Water/Heat 50Phone/Internet/Long Distance 50

Grocery 250 `Toiletries/Cleaning Products/Mis NeedsGas 100

Toll/ParkingCellRestaurant/Out/Clothes/Shoes/Linen/AccessoriesDry CleaningPersonal Care/Toiletries/Cosmetics Wants

Saving 20% = 800

Wants 20% = 800

Needs 60% = 2400

800

1949.77

1260.35


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Books/Magazines/NewspaperMovies/Rentals/ConcertExercise/Health/DancePostageMis/Flowers

450


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Aug Sep Oct Nov Dec Total Yr by CatMonthly Avg Budget

100 100 100 100 100 1200 100.00 12000 0 0 0 780 780 65.00 12000

700 700 700 700 700 3500 291.67 6000

779.79 779.79 779.79 779.79 0 8577.69 714.81 8577.6950 50 50 50 50 600 50.00 600

163.82 163.82 163.82 163.82 163.82 1911.24 159.27 1911.2418.12 18.12 18.12 18.12 18.12 210.16 17.51 210.16

500 500 500 500 500 6000 500.00 600030.08 31.58 26.98 30.36 56.02 378.27 31.52 40050.54 146.98 51.76 51.46 51.56 689.94 57.50 700

333.74 357.91 204.74 86.99 983.38 81.95 300047.8 19.68 14.52 3 200

300 300 300 300 300 3600 300.00 3600

41.87 41.54 79.42 78.44 241.27 20.11 10007.5 18.5 63 31.25 120.25 10.02 1001892.4 2421.2 2328.1 2255.2 1339.2

300 300 300 300 300 3600 300.00 3600

22 0 0 0 0 134 11.17 100147.1 238.9 362.64 273.03 1176.95 98.08 2400

29.27 27.92 0 10.07 0 389.03 32.42 5000 46.08 43.78 0 151.66 12.64 200

103.1 0 0 0 24.8 127.9 10.66 100

30.5 10.06 0 0 40.56 3.38 60050 85.66 133.82 67.5 336.98 28.08 800

31.94 0 12.77 10.5 55.21 4.60 5083.76 672.89 132.89 157.63 89.55 1200

1569.82 1029.96 1164.2 772.64 34804.49 2900.37 55049.09

985.73 985.73 985.73 34804.49

988.94 44400


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Year Principal Outstanding Principal & Interest Interest Principal New Principal Outstanding Lump Sum

2007 178216.20 5257.29 4413.42 843.87 177372.33 1062.842008 176309.49 9357.48 7516.57 1840.91 176309.49 4764.13

2009 169873.81 9357.48 7035.53 2321.95 169873.81 9092.252010 158290.25 9357.48 6500.00 2800.00 158290.25 31032.23

2011 150070.32 9357.48 6000.00 3300.00 146770.32

31465.52 11106.73 45951.45

Mortgage Equi

15-Jun-07 14783.80 14783.802007 1906.71 16690.51

2008 6605.04 23295.552009 11414.20 34709.75

2010 33832.23 68541.982011 3300.00 71841.98

Home Buying Cost and Interest Condo Fees Prop Tax Sub Total (Annual Expense) Cumulative Tota

0 0 0 0

Interest Paid 2007 4413.42 824.46 350 5587.88 5587.88Interest Paid 2008 7516.57 1648.93 467.29 9632.79 15220.67Interest Paid 2009 7035.53 1845.57 507.75 9388.85 24609.52

Interest Paid 2010 6500.00 1911.24 567.77 8979.01 33588.53Interest Paid 2011 6000.00 1965.84 650 8615.84 42204.37

Interest Paid 2012 5500.00 2010 720 8230 50434.37Interest Paid 2013 5000.00 2065 800 7865 58299.37

178216.2


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20% Max annual prepay option 20%

35643.24 Max annual prepay amount

20000080% max amount can borrowed as equity

160000 80% of 20000if put 35000 by 31 Dec 09, remaining balance on mortgage

160000 amount that can be borrowed from home equity loan

125000 15 Jan 20111 112500 15 Jan 2012 107375.64

2 100000 15 Jan 20133 87500 15 Jan 2014

4 75000 15 Jan 20155 62500


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New Prin Outstanding

176309.49169873.81

158290.25150070.32

146770.32 Matures 1 June 2012

y

Jun 07 2010Start Oct yrs

25 yrs 300 259 21.58

40 yrs 480 239 19.92

aka Rent lus utilities

798.27 7 mth801.09 19 mth793.86 31 mth

781.13 43 mth767.35 55 mth

752.75 67 mth737.97 79 mth

91 mth


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26732.43

50464.8654355.11


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Federal

0.150 0 40970 40970 6145.50.22 40971 81941 40970 9013.40.26 45080 0 -81941 -21304.7

(cap at 127 021) 0 -6145.76 -2143.877

0.0506 0 35859 35859 1814.470.0770 35860 71719 35860 2761.220.1050 10623 82342 10623 1115.420.1229 17645 0 -82342 -10119.83 -4428.73 -225.17

(capped at 99 987)

Total IncomeEnd Dec 88433.44

Pension Plan -4522.55RRSP -1200Payback RRSP 1200

83910.89

Basic Perosnal Amount 10382

CPP Max 2163.15 2163.15

EI Max 747.36 747.36Canada Employment Amt Max 1000 1000

14292.51

Total Federal Non Refundable Tax Credit 0.15 2143.877

Provincial TaxBasic Personal Amt 1100CPP Max 2049,30 2118.6EI Max 711,03 731.79

3950.39

BC Non Refundable Tax Credit 0.057 225.17

Rental Income1. Rent 2002. Parking Spot 0 200

Rental Expenses1. Home Insurance 02. Property Tax 56.72 (My share for 2010)

3. Condo Fees 91.03 (My share for Dec 2010)4. Mortgage Int ($150 000).At 2.2%, 35 Yr Amort 153.7 (Get this from Statement)6. Maintenance/Repairs 164.37. Utilities (if included in rent) 0


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8. Accountant to do your taxes 09. New Applicans Class 8(20%) (new fridge, stove, &

dishwasher) -1237.57 When there is a neg profit, new appliances c10. Office Supplies 0 465.75

Rental Dif -265.75

5. (Mort) Int ondownpayment/legal fees/landtransfer tax 59.61 (Should this be claimed as borrowed to invest or simply


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Federal

-8289.64 Total Federal Tax

-4653.90 Total Provincial Tax

-12943.54 Total Tax payable

-0.14563

Taxable Tax Free

HAPLD 9792 RAPay 01 Jan 10 - 30 Apr 10 24178

1 May- 31 Dec 50672

84642 0

T4 Pay 74850T5 Interest Savings Acct ING Taxable allowa 13583.44 88433.44$200 donation to Terry Fox Non Taxable 14831.15RRSP slips

$100 donation to Engineer Without Borders 31 Dec 10 103264.6$Matters Bootcamp Prof Development $558.88

Int Income PC T5 137.15

Int Income ING T5 516.46Net Rent -265.75Int for Investment 59.61

Net Income 88880.91


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nnot be applied

as mortgage interest)

1866959493

78162


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$ Jan Feb Mar Apr May Jun

RRSP 100 100 100 100 100 100Investment $ (double up payment to HELOC) 0 573.93 573.93 573.93 573.93 573.93Home FundEMERG 573.93 0 0 0 382.5 382.5

Mortgage 573.93 573.93 573.93 573.93 573.93 573.93Property Taxes 75 75 75 75 40 247.42Condo Fees 163.82 163.82 163.82 163.82 163.82 163.82Home Insurance 15.82 15.79 15.79 15.79 15.79 15.79Rental Property 309 1st (from savings accoun 930.86 600 125 200 750 100Mom/Dad 600 600 600 600 600 600Power/Hot Water/Heat 54.76 45.39 58.72 41.39 45.11 26.07

Phone/Internet/Long Distance 54.02 51.77 55.18 53.7 53.7 53.7Grocery 289.69 493.03 195.55 293.29 149.62 191.68Cleaning Products/Mis Needs 0 0 4.75 0 0 15.62

Car Insurance/Home Repairs/Maintenance 300 300 300 300 300 300Gas 65.88 44.93 113.47 88.74 48.04 38.64Toll/Parking/taxi 14.25 17.5 20 16.88 2.5 0

2207.17 2381.16 2176.2 2222.54 1992.51 2226.67

Christmas/Trip Home 300 300 300 300 300 300Major Travel Trips 300 300 300 300 0 0Cell 11.19 112 0 0 0 22.4

Restaurant/Out 102.44 127.08 269 217.36 159.86 67.49Clothes/Shoes/Linen/Accessories 0 47.75 0 49 0 158.09Personal Care/Toiletries/Cosmetics Wants 0 17.61 13.42 29 0 66.79Books/Magazines/Newspaper 0 0 0 0 0 22.34

Entertainment 0 7 5.59 13.75 0 13.44Exercise/Health/Equipment 54.5 44.5 49.5 102.18 42.5 37.5Postage 7.2 0 0 0 0 0Mis/Flowers/Dry Cleaning 76.32 26.01 273.51 95.39 144.48 118.07Professional Fees (PMI) 169.92 0 0 0 0Donation/Mis savings/Int Payment 100 0 0 0 300

Gifts 5 135.2 7.19 150 150 0Repaying myself $800 (pay off rest Apr $353. 42.5 22.5 22.5 22.5 0 0

Total by Month 4050.17 4194.74 4090.9 4175.65 3845.78 4389.224050 4050 4050 4050 4050 4050

Over/Under Budget -0.17 -144.74 -40.85 -125.65 204.22 -339.22

Spending Budget ($1000) 1047.67 1192.27 1088.4 1173.18 795.81 1131.83

949.97

Groupon (Savings account)

2. Spice Jam Lunch 20 Paid from Savings

Saving 20% = 810

430EXPENSES - Needs 60%

2043.11

EXPENSES - Wants 20%

1169.07


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3. Spice Jam Dinner 24 Paid from Savings4. Downtown Hot Yoga 68 Paid from Savings

112

`


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Jul Aug Sep Oct Nov Dec Total Yr by CatMonthly Avg Budget

100 100 100 100 100 100 1200 100.00 12000 0 0 0 0 2869.65 239.14 2869.65

330 330 330 330 330 1650 137.500 0 0 0 0 0 1338.93 111.58 1338.93

573.93 573.93 573.93 573.93 573.93 573.93 6887.16 573.93 6887.160 0 0 0 0 0 587.42 48.95 587.42

163.82 168.74 168.74 168.74 168.74 168.74 1990.44 165.87 1990.4415.79 15.87 15.83 15.83 15.83 15.83 189.75 15.81 180

600 0 0 0 0 0 3305.86 275.49 3305.86600 600 600 600 600 600 7200 600.00 7200

35.76 32.35 25.05 60 60 60 544.6 45.38 50066.13 64.9 56.61 53.7 53.7 53.7 670.81 55.90 700

268.53 153.47 191.11 150 150 150 2675.97 223.00 300035.78 0 0 56.15 4.68 100

0 197.62 0 737 0 0 2734.62 227.89 2734.6288.5 93.13 44.18 49.8 100 100 875.31 72.94 100031.25 0 2.75 105.13 8.76 100

1879.5 1900 1678.2 2409 1722.2 1722.2

0 0 304.32 2104.32 175.36 2104.320 0 0 0 0 0 1200 100.00 1200

112 0 0 0 0 0 257.59 21.47 225336.58 71.49 115.35 150 150 150 1916.65 159.72 1800127.66 0 0 382.5 31.88 25012.53 3.54 10 152.89 12.74 12013.42 0 80.64 116.4 9.70 100

161.65 80.85 0 40 40 40 402.28 33.52 60077.5 135.23 84.5 627.91 52.33 700

0 0 0 7.2 0.60 40146.82 224 41.3 1145.9 95.49 600

0 0 0 169.92 14.16 169.920 250 0 650 54.17 650

27 58 0 532.39 44.37 5000 0 0 0 0 0 110 9.17 110

3594.7 3153.1 2744.31 3029 2342.2 2342.2 44657.75 3721.48 42863.324050 4050 4050 4050 4050 4050

455.35 8.94 44657.751541.1 1167 651.49 503.5 553.7 553.7 11399.6 Budget $12 000

2430

= 810


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October 4050 4050 October 800 800

RRSP -100 3950 -100 3950 Previous Mth balanc -437.8 362 -437.8 362.2Mortgage -573.93 3376.07 -573.93 3376.07 Landline/Internet/LD -55 307 362.2Condo Fee -163.82 3212.25 -163.83 3212.24 Grocery -150 157 -21.53 340.67Home Insurance -15.83 3196.42 -15.83 3196.41 Exercise/Gym/Health -75 82.2 -6 334.67Mom/Dad 3196.42 3196.41 Gas/Taxi/Bus/Parkin -80 2.2 -49.8 284.87Home Fund 3196.42 -330 2866.41 Personal Care -10 -7.8 284.87Mom Hong Kong 3196.42 2866.41 Household Mis 0 -7.8 284.87Toronto Visit 3196.42 2866.41 Entertainment -40 -47.8 284.87

3196.42 2866.41 Eating Out -150 -198 -53.19 231.683196.42 2866.41 Mis -10 -208 231.68

0 3196.42 2866.41 Parking 0 -208 231.683196.42 2866.41 Salsa -45 -253 231.68

Hydro 15th -40 3156.42 2866.41 Salsa Water -20 -273 231.68Phone/Internet/Cell/LD -800 2356.42 -800 2066.41 0 -691 231.68Grocery 2356.42 2066.41 -691 231.68

Exercise/G m/Health 2356.42 2066.41 -691 231.68Gas/Taxi/Bus 2356.42 2066.41 -691 231.68

Personal Care 2356.42 2066.41 -691 231.7 (Household Mis 2356.42 2066.41Gift 2356.42 2066.41 -635 -130.52Entertainment 2356.42 2066.41Eating Out 2356.42 2066.41 Goals:Mis 2356.42 2066.41 Eat from cu board

2356.42 2066.41 Stay within Budget2356.42 2066.412356.42 2066.41 Go Hiking 2x2356.42 2066.41 Swim 2x/week2356.42 2066.41 Work out 6x/week

When oin out to eat, et a etizer or half ortionsThings I want to buy

crockpot 45toaster oven (Hamilton Beach) - Sears $59.99Eletric tooth brushtea filter bags (amazon.ca)

July 825 825Previous Mth balance 0 825 -105.78 719.22Landline/Internet/LD -55 770 -66.13 653.09Grocer -250 520 -268.53 384.56Exercise/Gym/Health -50 470 -91.75 292.81Gas/Taxi/Bus/Parkin -100 370 -88.5 204.31Personal Care -10 360 -12.53 191.78Household Mis -30 330 -35.78 156

Gift 0 330 -27 129Entertainment -40 290 -161.65 -32.65Eating Out -150 140 -336.58 -369.23Cell -112 28 -112 -481.23Clothing 0 28 -127.66 -608.89Mis 0 28 -64.77 -673.66Car Fund TFSA -25 3 0 -673.66arkin /mis 3 -31.25 -704.91

Plants 3 -82.05 -786.96Cell 3 -786.96

3 -786.96

-1506.2

August 825 825Previous Mth balance -786.96 38.04 -786.96 38.04Landline/Internet/LD -53.7 -15.66 -53.7 -15.66Grocer -150 -165.66 -153.46 -169.12

BUDGET ACTUALBudget Actual

BUDGET ACTUAL


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AUGUST SEPTEMBER15th Last Day 15th Last Day

RRSP 50 50 RRSP 50 50Mortgage 573.93 Mortgage 573.93

Home Insurance 15.87 Home Insurance 15.87 HoCondo Fee 168.74 Condo Fee 168.74

Power/Hot Water 32.35 Power/Hot Water 25.05 Pow

Questrade 1000 300 Flight Change Fee Cdonation 25 Toronto Visit Spending 304.32 Ho

309 Reno 69.26 142.2 Home Fund ING 330 GroceryRBC 200 Grocery & Spending 787.5

alton Olympian Fee 224Car Oil Change 55.42 953.3 1352.11

Home Fund ING 330

Grocery & Spending 787.5 15 Sep 11 31-Aug-111970.65 1997.94

2004.96 2019.31 -953.3 -1352.11

1017.35 645.8315 Aug 11 30-Jul-11 1663.182025 2025

-2004.96 -2019.31

20.04 5.69

25.73

DECEMBER15th Last Day

RRSP 50 50Mortgage 573.93 7-Oct

Home Insurance 15.87Condo Fee 168.74

Power/Hot Water 40Mom/Dad

Visit Toronto 300

210 Reno FundHome Fund ING 330

Grocery & Spending 800

963.93 1364.61

15 Jan 11 1-Jan-111970.65 1970.65-963.93 -1364.61

1006.72 606.041612.76

2011 Set Expenses 2011 Set Expenses

2011 Set Expenses


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OCTOBER NOVEMBER15th Last Day 15th Last Day

RRSP 50 50 RRSP 50 50Mortgage 573.93 Mortgage 573.93

e Insurance 15.87 Home Insurance 15.87Condo Fee 168.74 Condo Fee 168.74

r/Hot Water 40 Power/Hot Water 40

ar Insurance 737 Home Fund ING 330e Fund ING 330 Grocery & Spending 800& Spending 800

663.93 1364.611400.93 1364.61

15 Jan 11 1-Jan-1115 Oct 11 30-Sep-11 1970.65 1970.65

1970.65 1970.65 -663.93 -1364.61-1400.93 -1364.61 1306.72 606.04

569.72 606.04 1912.76

1175.76

Balance 6390.19Mom/Dad -5000

Car Fund 1390.19

2011Home Fund 5781.12PC TFSA 1753.8PC Savings 1554.32Nov/Dec PL 1101.6Nanaimo TD 5.51

LTA 385.71Ottawa TD 157.92Cheq Acct Y 1390.19

MC Reward 350 12480.172012

PLD 3000 (Estimate $500/mth for 6 mths)MC Reward 350Silver?



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JANUARY FEBRUARY MARCH1st 15th 1st 15th

RRSP 50 50 RRSP 50 50 RRSPMortgage/Rent 573.93 Mortgage/Rent 573.93 Mortgage/Rent

Home Insurance 15.83

Home

Insurance 15.83

Home

InsuranceCondo Fee 168.74 Condo Fee 168.74 Condo Fee309 Slush 125 309 Slush 125 309 Slush

Hydro 50 Hydro 50 HydroLiving 800 Living 800 Living

Mom/Dad 415 Mom/Dad 415 Mom/Dad

Home Fund 330 Home Fund 330 Home FundOlympian Trust

Fee

1574.57 1003.93 1574.57 1003.93

1 Jan 12 15-Jan-12 1 Feb 12 15-Feb-12

1840.39 1840.39 1840.39 1840.39-1574.57 -1003.93 -1574.6 -1003.93

265.82 836.46 265.82 836.461102.28 1102.28

APRIL MAY JUNE1st 15th 1st 15th

RRSP 50 50 RRSP 50 50 RRSPMortgage/Rent 573.93 Mortgage/Rent 573.93 Mortgage/Rent


HomeInsurance 15.83

HomeInsurance

Condo Fee 168.74 Condo Fee 168.74 Condo Fee309 Slush 125 309 Slush 125 309 Slush

Hydro 50 Hydro 50 HydroLiving 800 Living 800 Living

Mom/Dad 415 Mom/Dad 415 Mom/Dad210 Reno 3500 Property Tax

1574.57 4173.93 1574.57 673.93

1 Apr 12 15-Apr-12 1 May 12 15-May-121840.39 1840.39 2000 2000

-1574.57 -4173.93 -1574.6 -673.93265.82 -2333.54 425.43 1326.07

-2067.72 1751.5

JULY AUGUST SEPTEMBER1st 15th 1st 15th

RRSP 50 50 RRSP 50 50 RRSP





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Mortgage/Rent 573.93 Mortgage/Rent 573.93 Mortgage/Rent


HomeInsurance 15.83

HomeInsurance

Condo Fee 168.74 Condo Fee 168.74 Condo Fee309 Slush 125 309 Slush 125 309 Slush

Hydro 50 Hydro 50 Hydro

Living 800 Living 800 LivingMom/Dad 415 Mom/Dad 415 Mom/Dad

Car Insurance

1574.57 673.93 1574.57 673.93

15 Jan 11 1-Jan-11 15 Jan 11 1-Jan-112000 2000 2000 2000

-1574.57 -673.93 -1574.6 -673.93425.43 1326.07 425.43 1326.07

1751.5 1751.5

OCTOBER NOVEMBER DECEMBER

1st 15th 1st 15thRRSP 50 50 RRSP 50 50 RRSPMortgage/Rent 573.93 Mortgage/Rent 573.93 Mortgage/Rent


HomeInsurance 15.83

HomeInsurance

Condo Fee 168.74 Condo Fee 168.74 Condo Fee

309 Slush 125 309 Slush 125 309 SlushHydro 50 Hydro 50 HydroLiving 800 Living 800 Living

Mom/Dad 415 Mom/Dad 415 Mom/DadCar Insurance 1500

1574.57 2173.93 1574.57 673.93

15 Jan 11 1-Jan-11 15 Jan 11 1-Jan-112000 2000 2000 2000

-1574.57 -2173.93 -1574.6 -673.93425.43 -173.93 425.43 1326.07

251.5 1751.5



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Goals 11051.1 Saving Capacity

1st 15th

50 50573.93

15.83168.74

12550

800415 If Buy 2012 Set Expenses

330 1st 15th

RRSP 50 501574.57 1003.93 309 Slush 125

210 Slush 0

1 Mar 12 ######## Mom/Dad 500

1840.39 1840.39 Car Insurance 200-1574.57 -1003.93 Living 800

265.82 836.46 Mortgage 15001102.28 Property Tax 210

Home Insurance 70Heat/Hot

Water/Hydro 2001675 2030

1 Jan 12 15-Jan-121st 15th 2000 2000

50 50 -1675 -2030573.93 325 -30

15.83 295168.74

12550 If live at home for 2012 Set Expenses

800 1st 15th415 RRSP 50 50

1200 309 Slush 1251574.57 1873.93 210 Slush 0

Mom/Dad 500

1 Jun 12 ######## Car Insurance 1002000 2000 Living 300

-1574.57 -1873.93 Rent 700425.43 126.07 Property Tax

551.5 Home InsuranceHeat/Hot

Water/Hydro

1075 7501st 15th

50 50 1 Jan 12 15-Jan-12

2012 Set Expenses

2012 Set Expenses

2012 Set Expenses


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573.93 2000 2000

15.83 -1075 -750168.74 925 1250

125 2175 1305050

800415

15001574.57 2173.93

15 Jan 11 1-Jan-112000 2000

-1574.57 -2173.93425.43 -173.93

251.5

1st 15th50 50573.93

15.83168.74

12550

800

415

1574.57 673.93

15 Jan 11 1-Jan-112000 2000

-1574.57 -673.93425.43 1326.07

1751.5

2012 Set Expenses


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$ Jan Feb Mar Apr May Jun Jul

RRSP 100 100 100 100 100 100 100Questrade Investment AcctHome Fund 0 0 0 0 0 0 0

Mom/DadMom Dad Home Reno $7KRental Property (309) - Acct 833mthly 125 125 125 125 125 125 125

Mortgage 573.93 573.93 573.93 573.93 573.93 573.93 573.93

Condo Fees 168.74 168.74 168.74 168.74 168.74 168.74 168.74Home Insurance 15.83 15.83 15.83 15.83 15.83 15.83 15.83Power/Hot Water 50 50 50 50 50 50 50

Property TaxesHome Maintenance/210 Reno 0

Car ReplacementCar InsuranceCar Repair/Maintenance 30 30 30 30 30 30 30Gas 90 90 90 90 90 90 90Taxi/Transportation 10 10 10 10 10 10 10

Fixed Expenses Total 983.5Balance 3066.5

TORONTO/Mom Dad trip to Vic 0 0 0 0 0 0Travel/TripsPhone/Internet/Cell/LD 55 55 55 55 55 55 55Grocery 160 160 160 160 160 160 160Restaurant/Out 150 150 150 150 150 150

Clothes/Shoes/Linen/Accessories 50 0 0 0 0 0Personal Care/Toiletries/Cosmetics 10 0 0 0 0 0 0Entertainment/book/magazine 40 0 0 0 0 0 0Exercise/Health 40 40 40 40 40 40 40Mis/Flowers/Dry Cleaning 50Professional Fees (PMI)

DonationGiftsInterests

Total by Month 1718.5 1418.5 1568.5 1568.5 1568.5 1568.5 1568.5

hly Net Income (Paid 1st and 15th)-1718.5 -1418.5 -1568.5 -1568.5 -1568.5 -1568.5 -1568.5

671.67

1125.00

Savings 10% = $400

1008.33

Day to Day Spending 25% = $100

967.50

Planned Spending 15% = $600

Housing 35% = $1400

Transportation 15% = 6001151.90


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2012 $12 000 Day to Day Spending to include the Following:BUDGET ACTUAL

Phone/Cell/LD 850Pwr/Hot Water 600Gas 1080

Toll/Parking/Taxi 120Grocery 2000Eating Out 2000Cloths/Shoes/Linen/Accessories 500Personal Needs 200

Entertainment 800Exercise Health 500Mis 800Professional Fees (PMI) 700Donation 400Gift (outside of family) 500

11050 0


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Aug Sep Oct Nov Dec

Total Yr

by Cat

Monthly

Avg % Budget Actual

100 100 100 100 100 1200 100.00 1200 1200 Long Term6900 6900 575.00 6900

0 0 0 0 4000 4000 333.33 4000

5000 5000 416.67 50007000 7000 583.33 7000

125 125 125 125 125 1500 125.00 1500

573.93 573.93 573.93 573.93 573.93 6887.16 573.93 6887.16168.74 168.74 168.74 168.74 168.74 2024.88 168.74 2024.88

100 210.81 17.57 20050 50 50 50 50 600 50.00 600

600 600 50.00 6003500 3500 291.67 3500

5000 5000 416.67 50001500 1500 125.00 1500

30 30 30 30 30 360 30.00 30090 90 90 90 90 1080 90.00 108010 10 10 10 10 120 10.00 120

0 0 0 0 4000 4000 333.33 4000500 500 41.67 500

55 55 55 55 55 660 55.00 850160 160 160 160 160 1920 160.00 2000150 150 150 150 150 1650 137.50 2000

0 0 0 0 0 50 4.17 4500 0 0 0 0 10 0.83 2000 0 0 0 0 40 3.33 750

40 40 40 40 40 480 40.00 500750 800 66.67 750700 700 58.33 700

300 300 25.00 300500 500 41.67 500

0 0.00

1552.7 1552.67 1552.67 2352.7 37003 59092.9 4924.40 60912 1200

Gross $80 424-1552.7 -1552.7 -1552.7 -2352.7 -37003 Net in ON $61 414


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Stock Buying Criteria:1. Companies that I can easily understand2. Companies that pay a dividend (preferably a rising one)3. Stocks that are selling cheaply4. Companies that are recession proof5. Focus on North American Companies because I am more familiar with them

6. Companies that are dominant in their industries7. Companies with a long history of great performance8. Companies that command strong brand loyalty9. Once you have bought the perfect company, don't sell it10. Offer products or servies that are purchased often, rather than only once11. Will be able to keep recording good profits even as things change12. Companies that regularly buy back their own shares13. Are very PROFITABLEL - the ONLY reason companies exist

Globe and Mail Sign In: NookVic

Company Ticker Dividen QuoteFinancial Companies

RBC Financial RY - cdnTD Canada Trust TD - cdnScotiabank BNS - cdnPower Financia PWF - cdnVISA Inc V - usSun Life SLF - cdn

EnergyEnbridge ENB - cdnTransCanada Corp TRP - cdnPembina Pipelines PPL - cdnTobaccoPhilip Morris Internationa PM - usEat DrinkCoca-Cola KO - usPepsico Inc PEP - usKraft Foods KFT - us

The Hershey Co HSY - usMcDonald's Corp MCD - usSysco SYY - usTim Horton's THI - cdnStarbuck's SBUX - usShoppingWalmart WMT - usShoppers Drug Mart SC - cdnCleaning Up

Proctor and Gamble PG - usColgate-Palmolive CL - us


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Goal Net WorthDifference 28.14% 2.32% 8.48% 1.10% 3.93% 13.30%

NET 64,957 83,239 85,169 92,387 93,404 97,077 109,987 121Dec 10 Jan 11 Feb 11 Mar 11 Apr 11 May 11 Jun 11 Ju

ASSETSRRSP CIBC 7,748.63 7848.63 7948.63 8211.91 8311.91 8411.91 8431.39 8

Value of Home (Paid 193 000 May 07) 200,000.00 200,000.00 200,000.00 200,000.00 ######## 200,000.00 200,000.00 200Value of Rental (Paid 187 500 Dec 10 +$5500 Reno) 200,000.00 200,000.00 200,000.00 200,000.00 ######## 200,000.00 200,000.00 200US Savings Acct RBC Transit #08000;Institution #003 1,682.00 11,759.72 11Questrade TFSA (Jun 2011) $3K 1,000.00 1TFSA RBC (Jan 2011) - $100 0.00 100.00 100.00 100.00 100.00 100.00 100.71Home Fund ING Direct

CASH RBC Cheq Acct (Jan 2011) 0.00 53.93 53.93 53.93 45.38 89.80 61.30Walton $10K (Annual $125+HST12% &initial $84+HST12%) 15 Jul 11 10Silver $5026+$35 wire transfer fees 2Mar 11 + $10.09 Initial LOC Int =$5071.09 5,071.09 5,071.09 5,071.09 5,071.09 5BRS Lab (6 Apr 11) $9000 + $900

(fees) + $6.50 (bank draft fees) 6 Apr2011 9,000.00 9,000.00 9,000.00 9

Total Assets 407,748.63 408,002.56 408,102.56 413,436.93 ######## 424,354.80 435,424.21 445

LIABILITIESMortgage 210 1/2 -125,000.00 -112,300.00 ######### ######### ######## -109,678.11 ######### -108Mortgage 210 2/2 -42,999.00 -38,631.10 -38,408.90 -38,179.93 -37,957.46 -37,735.46 -37,509.00 -37Mortgage 309 Dec 10 -150,000.00 -149,770.00 ######### ######### ######## -148,811.68 ######### -148RBC Credit Line (HELOC) -1.00 0.00 0.00 0.00 -9,906.50 -9,906.50 -9,906.50 -9Posting Loan (Nov 09 - Oct 13) -24,791.67 -24,062.50 -23,333.33 -22,604.17 -21,875.00 -21,145.83 -20,416.67 -19

Total Liabilities -342,791.67 -324,763.60 ######### ######### ######## -327,277.58 ######### -324


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-18028.07 -1829.69 -1883.82 8074.68 -1847.20 -1840.57 -1281.89

2011 Net Take Home 201Home(mortgage/property tax/home insur %35 1. K

Car/Home Maintenance/Insurance % 2. SMom/Dad/Reno % 3. STravel/Gifts %RRSP/Savings/Posting Loan %20Spending/Food/Out/Phone/Internet/Exer %Mess Due

2012 Net Take Home

Home(mortgage/property tax/home insur %35Car/Home Maintenance/Insurance %Mom/Dad %Travel/Gifts %

RRSP/Savings/Posting Loan %20Spending/Food/Out/Phone/Internet/Exer %Mess Due


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130,000.002.58% 0.67% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08% 0.07% 0.07% 0.07

124,674 125,512 128,053 129,504 130,955 132,407 133,858 135,309 136,840 138,321 139,75Aug 11 Sep 11 Oct 11 Nov 11 Dec 11 Jan 12 Feb 12 Mar 12 Apr 12 May 12 Jun 12

8631.39 8731.39 8831.39 8931.39 9031.39 9131.39 9231.39 9331.39 9511.00 9611.00 9600.200,000.00 200,000.00 200,000.00 200,000.00 200,000.00 200,000.00 200,000.00 200,000.00 200,000.00 200,000.00 200,000.

200,000.00 200,000.00 200,000.00 200,000.00 200,000.00 200,000.00 200,000.00 200,000.00 200,000.00 200,000.00 200,000.

11,558.76 11,558.76 7,563.17 7,563.17 7,563.17 7,563.17 7,563.17 7,563.17 7,563.17 7,563.17 7,563.3,028.00 2,500.00 2,500.00 2,500.00 2,500.00 2,500.00 2,500.00 2,500.00 2,500.00 2,500.00 2,500.

100.71 100.71 100.71 100.71 100.71 100.71 100.71 100.71 100.71 100.71 100.0.00 5,121.21 5,121.21 5,121.21 5,121.21 5,121.21 5,121.21 5,121.21 5,121.21 5,121.

173.91 173.91 173.91 173.91 173.91 173.91 173.91 173.91 173.91 173.91 232.

10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10000.

5,071.09 5,071.09 5,071.09 5,071.09 5,071.09 5,071.09 5,071.09 5,071.09 5,071.09 5,071.09 5,071.

9,000.00 9,000.00 9,000.00 9,000.00 9,000.00 9,000.00 9,000.00 9,000.00 9,000.00 9,000.00 9,000.

447,563.86 447,135.86 448,361.48 448,461.48 448,561.48 448,661.48 448,761.48 448,861.48 449,041.09 449,141.09 449,188.

-108,586.92 -108,362.78 -108,162.78 ######### -107,762.78 -107,562.78 -107,362.78 -107,162.78 -106,962.78 -106,732.78 -106,502.-37,352.96 -37,275.86 -37,053.86 -36,831.86 -36,609.86 -36,387.86 -36,165.86 -35,943.86 -35,721.86 -35,499.86 -35,277.

-148,085.26 -147,849.53 -147,685.26 ######### -147,285.26 -147,085.26 -146,885.26 -146,685.26 -146,485.26 -146,285.26 -146,085.-9,906.50 -9,906.50 -9,906.50 -9,906.50 -9,906.50 -9,906.50 -9,906.50 -9,906.50 -9,906.50 -9,906.50 -9,906.

-18,958.33 -18,229.17 -17,500.00 -16,770.83 -16,041.67 -15,312.50 -14,583.33 -13,854.17 -13,125.00 -12,395.83 -11,666.

-322,889.97 -321,623.84 -320,308.40 ######### -317,606.07 -316,254.90 -314,903.73 -313,552.57 -312,201.40 -310,820.23 -309,439.


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-1266.14 -1315.44 -1351.17 -1351.17 -1351.17 -1351.17 -1351.17 -1351.17 -1381.17 -1381.17 -138

ng I move to Ottawand rent it out; for how? 1. Rent in Ottawa; how much rent can I afford? Also new car; higher car insurance

uy rental property in Toront2. Rent in Ottawa; how much rent can I afford? Also new car; higher car insuranceuy in Ottawa; where in Ottawa? Somewhere I can make money when I sell it

42001000090002500 25700


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150 000

0.08% 0.08% 0.06% 0.09% 0.09% 0.01% 0.98% 0.98% 0.96% 1.00% 1.00% 0.00% #DIV/

130,233 138,792 116,248 115,957 126,894 10,233 10,233 10,233 10,000 10,000 10,000 0Aug 12 Sep 12 Oct 12 Nov 12 Dec 12 Jan 13 Feb 13 Mar 13 Apr 13 May 13 Jun 13 Jul 13 Aug

9900.00 10200.00

200,000.00 200,000.00 200,000.00 200,000.00 200,000.00

200,000.00 200,000.00 200,000.00 200,000.00 200,000.00

7,563.17 7,563.17 1,682.00 1,682.00 1,682.002,500.00

100.71 100.71 100.00 100.00 100.00

5,121.21 5,121.21232.81 232.81 232.81 232.81 232.81 232.81 232.81 232.81

10000.00 10000.00 10000.00 10000.00 10000.00 10000.00 10000.00 10000.00 10000.00 10000.00 10000.00 10000.00 10000

5,071.09 5,071.09 5,071.09 5,071.09 5,071.09

9,000.00 9,000.00 9,000.00 9,000.00 9,000.00

439,588.99 446,988.99 426,085.90 426,085.90 436,285.90 10,232.81 10,232.81 10,232.81 10,000.00 10,000.00 10,000.00

-106,042.78 ######### ######### -105,352.78 -105,122.78

-37,513.46 -37,513.46 -37,513.46 -37,513.46 -37,735.46-145,685.26 ######### ######### -149,335.25 -149,335.25

-9,906.50 -9,906.50 -9,906.50 -9,906.50 -9,906.50-10,208.33 -9,479.17 -8,750.00 -8,020.83 -7,291.67 -6,562.50 -5,833.33 -5,104.17 -4,375.00 -2,916.67 -3,645.83 -2,916.67 -2,187

-309,356.33 ######### ######### -310,128.82 -309,391.66


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-1159.17 1640.83 290.82 -737.17 -309391.66 0.00 0.00 0.00 0.00 0.00 0.00


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#DIV/0! #DIV/0! #DIV/0!

0 0 0Oct 13 Nov 13 Dec 13 Jan 14 Feb 14 Mar 14 Apr 14 May 14 Jun 14 Jul 14 Aug 14 Sep 14 Oct 14 No

10000.00 10000.00 10000.00 10000.00 10000.00 10000.00 10000.00 10000.00 10000.00 10000.00 10000.00 10000.00 10000.00 100

-729.17 0.00


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Jan 15 Feb 15 Mar 15 Apr 15 May 15 Jun 15 Jul 15 Aug 15 Sep 15 Oct 15 Nov 15 Dec 15

10000.00 10000.00 10000.00 10000.00 10000.00 10000.00 10000.00 10000.00 10000.00 10000.00 10000.00 10000.00


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Rental 309 - Property closed 15 Dec 2010 for $187 500

Lawyer fee $1235

Land Transfer Tax $1875 3110.00

Reno $5500 8610.00 196110

2011 Spent $3306 199416

2012 Spend $1800 201216

309-2011 Jan Feb Mar Apr May Jun Jul Aug SepMy Money 1st 930.86 600 125 200 750 100 600 0 0Rent 1st 0 0 700 700 700 700 700 700 700Parking 60

930.86 600 885 900 1450 800 1300 700 700

809.41 989.81 1189.47 1939.13 2038.79 1375.64 1375.30 1369.98

Condo Fee 1st 166.00 166 166 166 166 166 166 170.98 170.98Home Insurance 1st 21.99 21.91 21.91 21.91 21.91 21.91 21.91 21.91 21.91Mortgage 15th 512.43 512.43 512.43 512.43 512.43 512.43 512.43 512.43 512.43Property Tax 0 1262.81Utilities 21.03 4.26 0 0 0 0 0 0 0

Maint/Repairs 0 0 0 0 0 0 0 0 0721.45 704.60 700.34 700.34 700.34 1963.15 700.34 705.32 705.32

209.41 104.81 289.47 489.13 1238.79 75.64 675.30 669.98 664.66

Use 309 as rental property so I can claim mortgage interest as expenses. When Zhi moves, get home appraisal for both properties and bWhen moving into 309 as primary residence, would need to claim difference between home appraised value and purchased price as capi

If right away claim 210 as rental property, do home appraisal. Will not be taxed on cpaital gain.

309-2012 Jan Feb Mar Apr May Jun Jul Aug SepPrevious Yr Balance 648.70

My Money 1st 125 125 125 125 125 125 125 125 125Rent 1st 700 700 700 700 700 700 700 700 700Parking 0 0 0 0 0 0 0 0 0

1473.70 825 825 825 825 825 825 825 8251593.30 1712.98 1832.66 1952.34 2072.02 2191.70 1011.38 1131.06

Condo Fee 1st 170.98 170.98 170.98 170.98 170.98 170.98 170.98 170.98 170.98

Home Insurance 1st 21.99 21.91 21.91 21.91 21.91 21.91 21.91 21.91 21.91Mortgage 15th 512.43 512.43 512.43 512.43 512.43 512.43 512.43 512.43 512.43Property Tax 0 1300Utilities 0 0 0 0 0 0 0Maint/Repairs 0 0 0 0 0 0 0 0 0

705.40 705.32 705.32 705.32 705.32 705.32 2005.32 705.32 705.32

768.30 887.98 1007.66 1127.34 1247.02 1366.70 186.38 306.06 425.74

Principal

& Interest

Payment

Principal

& Interest

Payment

1 $150,000.00 $6,149.16 $3,271.09 $2,878.07 $147,121.93

1 $42,999.00

2 $147,121.93 $6,149.16 $3,207.13 $2,942.03 $144,179.91 2 $37,039.77

3 $144 179 91 $6 149 16 $3 141 75 $3 007 41 $141 172 50

3 $36 082 22

ear

Principal

Outstanding Interest Principal

ew

Principal

Outstandin

g

Payment

Options

Selected

Amortization TableYear Principal

Outstanding

Interest Principal New

Principal

Outstandin

Payment

Options

Selected

ear

Principal

Outstanding

Amortization TableYear Principal

Outstanding


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BC Federal0.150 0 40970 40970 6145.50.22 40971 81941 40970 9013.40.26 45080 85560.17 3619.167 940.9833

(cap at 127 021) 0 16099.88 0 16099.88

0.0506 0 35859 35859 1814.470.0770 35860 71719 35860 2761.220.1050 10623 82342 10623 1115.420.1229 17645 85560.17 3218.167 395.51 6086.61 -794.49 5292.12

(capped at 99 987)Total Income 21392.01End Dec 87592Pension Plan -5000 25.00RRSP 38.5

Payback RRSP82592

Basic Perosnal Amount 10527 T4CPP Max 2217.6 2217.6 (184.4/mth) T5 Interest SavingsEI Max 786.76 786.76 RRSP slipsCanada Employment Amt Max 1000 1000 Donation MS $25

14531.36 Donation Engineeri

Total Federal Non Refundable Tax Credit 0 Donation PO2 Robi

Provincial Tax

Basic Personal Amt 11088CPP Max 2049,30 2118.6

EI Max 711,03 731.79

13938.39BC Non Refundable Tax Credit 0.057 794.49

Rental Income1. Rent 70002. Parking Spot 60

Total 7060

Rental Expenses

1. Home Insurance 2632. Property Tax 1262.813. Condo Fees 2016.95. Mortgage Int ($150000). At 2.2%, 35 Yr

Amort 3271.096. Maintenance/Upgrades 1157.477. Utilities (if included in rent) 0

8. Accountant to do your taxes 0 (zero for 2011, would be expenses for 2012)


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9. New Applicans Class8 (20%) (newcounter/new flooring) 3324.19 new flooring; new bath vanity; new medicine c10. Office Supplies 0

Total Expenses 7971.27

Net -911.27


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Total Federal Tax

Total Provincial Tax

Total Tax payable

% Avg Tax Rate% Marginal Tax Rate (Tax payable on last dollar income)

Pay 77800Acct ING = 0 PLD 9792 87592Rental Income 7060Interest 0

g WOB $100 Gross Income 94652nson $25

309 Total Claimable Expen -7971.27

Carrying Costs (MortgageInterest - downpayment309) -837.97Carrying Charges BRSLab ($9906.50) 6 Apr 11 -256.48 (270 days)Safety Deposit Box -26.11

Gross Expenses -9091.83

Net Income 85560.17


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binet; new kitchen counter top


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HOUSE OR CONDO IN TORONTO

5% Down

10% Down -2% +

0.2%CMHC** 20% down

PRICE 250000 300000 350000 350000 350000Downpayment 5% 12500 15000 17500 35000 70000Mortgage 237500 285000 332500 315000 28000030 yr mort CMHC Fee 2.75%+0.2 7006.25 8407.5 9808.75 6930 0HST on CMHC Fee 840.75 1008.9 1177.05 831.6 0

Total Mortgage 244506.25 293407.5 342309 321930 28000020378.752878.75

Closing Cost5% Down 12500 15000 17500 35000 70000HST on CMHC Fee 840.75 1008.9 1177.05 831.6 0Already paid Property tax 1500 1500 1500 1500 1500Others bills already paid 300 300 300 300 0

Total Closing Cost 15140.75 17808.9 20477.05 37631.6 71500

Mort payment amort 30 yrs at 5yrs fixed @3.69% 1120 1344 1568 1471At 5 yr variable of 2.5% 964 1157 1352 1269 995(Down payment loan at 4%) 230Basement Rental IncomeCondo Fees 0Property Management Fees 200 200 200 200 200Mortgage Payment 964 1157 1352 1269 1225Property Tax 250 250 250 250 250Heating - Gas 100 100 100 100 100Utilieis/Waste Mgmt 100 100 100 100 100

Hydro 70 70 70 70 70Home Insurance 70 70 70 70 70Home Maintenance 100 100 100 100 100Total Home Cost 1854 2047 2242 2159 2115.14RRSP 100 100 100Mom/Dad 500 500 500Slush 309/210 0 0 0Living 1000 1000 1000Car Insurance 150 150 150Mis 0 0 0

Total Expenses 3604 3797 3992

Reno Budget $10 000

Rental Income

Annual Cost of Owning a Home

Property ManagementProperty TaxHome Insurance


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Utilities (Waste Mgmt)Hydro/Power

Gas (Heating/Hot Water)Hot Water Tank Rental

Property Type Location Purchase Pric Total Invest Purchase DateCondo Halifax 125 000 2005Condo Victoria 193 000 19 300 2007Condo Victoria 187 500 37 500 2010


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400000 450000 Provincial and Toronto Land Transfer Tax20000 22500

380000 427500 0.5% - on the first $55,00011210 12611.25 1.0% - on portion between $55,000 - $400,0001345.2 1513.35 2.0% - on anything over $400,000

391210 440111.25 First time buyers are exempt on the first $400,000

20000 225001345.2 1513.35 House Must Haves

1500 1500 > Rental basement with separate entrance300 300 (prefer 2 beds 1 bath; 1 bed 1 bath)

23145.2 25813.35 > 2 parking spots> How much cost to put in separate eletrical meters?

1792.26 2016.3 > Potentially rent to the house out as a whole when I leave Toronto?1543.13 1736.02 > Age of home?

> Heating? Radiators or electric heat?> AC?

200 2001543.13 1736.02 > How much does it cost to put in separate door?

250 250 > How much does it cost to update heating/HVAC system?100 150100 100

70 70 > maintenance cost newer vs older homes70 70 > Lifespan of Roof?

100 100 > Structural concerns

2433.13 2676.02100 100500 500

0 01000 1000 Reno Budget $20 000150 150

0 0

4183.13 4426.02


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Rent Value Sold Pric ROI Cash FlowPrincipal Re - 121 500 - -Principal Re -

700 215 000 -110


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Net Worth Goal: $120 000

Financial

January

February

March 2 Mar: Purchased Silver approx $5000

April 6 Apr: Invested in BRS Labs $900010 Apr: Equifax credit score 705

Networth:

MayExpenses should be down a third (puttoward car fund)Open Safety Deposit Box (for US cashand silver)Open Investment Account. RBC?

Questrade?

JuneExpenses should only be half (puttoward car fund)

July

August

September

October Check credit score

Novemeber


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December $5000 for mom/dad

Make $500 extra incomeStart car fund and save $1000Stick to budget with $12000 or less for

spendingBuy some bondsOpen a DIY trading account

Save $100 000 as downpayment inhome in Toronto (the WHAT IF FUND)


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Personal: a) start a blog Professional

Completed Masters Cerificate in ProjectMgmt

15 Mar: Profolio Mgmt Workshop

2 week hot yoga trialGo hiking once (Failed)Go to dimsum with Zhi

1 May: TC 10K Complete PMP exam application

21 May-13 Jun: China with Zhi

Finish 309 Reno and have Zhi move there

21 May - 13 Jun: China with Zhi Work on French 'speaking' 3 hrs/wk

Finish 309 Reno and have Zhi move there

Prep approval letter to changing flooring in

210

Get quotes to change flooring in 210Paint front door

Change toilet in 210 and change flooring

Fix bathroom cabinet door

2011 (Year 1/10)


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1. Start a blog 1. PMP exam2. French


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2012 (Year 2/10) 2013

Net Worth Goal: $140 000 Net Worth Goal: $170 000

Financial Personal: a) start a blog

Reno Mom's ktichen, budget $7000


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2014 2015


Professional

1. Achieve Financial

Freedom in 10 yrs (31 Oct2020). ve mom a

.Freedom in 10 yrs (31 Oct

1. Achieve FinancialFreedom in 10 yrs (31 Oct2020).


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2016 2017 2018

Networth Goal: $260

000Net Worth Goal: 290 000 Net Worth Goal: $320 000

1. Give mom/dad $5000annually in Dec




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20192020 (Age 39) Financial

Freedom



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Ontario Federal

0.150 0 40970 40970 6145.50.22 40971 81941 40970 9013.40.26 45080 82166.19 225.19 58.5494

(cap at 127 021) 0 15217.45 -2179.704

0.0506 0 35859 35859 1814.470.0770 35860 71719 35860 2761.220.1050 10623 82342 10623 1115.420.1229 17645 82166.19 -175.81 -21.61 5669.49 -794.49

(capped at 99 987)

Total IncomeEnd Dec 0

Pension Plan -5000RRSPPayback RRSP

-5000

Basic Perosnal Amount 10527CPP Max 2217.6 2217.6 (184.4/mth)

EI Max 786.76 786.76Canada Employment Amt Max 1000 1000

14531.36

Total Federal Non Refundable Tax Credit 0.15 2179.704

Provincial TaxBasic Personal Amt 11088CPP Max 2049,30 2118.6EI Max 711,03 731.79

13938.39

BC Non Refundable Tax Credit 0.057 794.49

Rental Income CANNOT deduct land transfer tax1. Rent 9600

2. Parking Spot 0 9600

Rental Expenses1. Home Insurance 263

2. Property Tax 1262.813. Condo Fees 19924. Mortgage Int ($150 000).At 2.2%, 35 Yr Amort 32706. Maintenance/Upgrades 300 new flooring?


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7. Utilities (if included in rent) 08. Accountant to do your taxes 09. New Applicans Class 8

(20%) (new fridge, stove, &dishwasher) -1237.57 When there is a neg profit, new appliances c10. Office Supplies 0 7087.81

Dif 2512.19

5. Interest on loan fordownpayment/legal fees -770 Claimed as carrying costs


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Federal

13037.75 Total Federal Tax

4875.01 Total Provincial Tax

17912.75 Total Tax payable

21.80 % Avg Tax Rate38.5 % Marginal Tax Rate (Tax payable on last dollar income)

Taxable

PLD Assuming moving to ON in JulyPay 01 Jan - 30 Apr 26232

1 May- 31 Dec 54192

80424

T4 Pay 80424T5 Interest Savings Acct ING = 0 Taxable allowanace 0RRSP slips

80424

Rental Dif 2512.19

Interest forInvestment -770

Carrying ChargesBRS Lab ($9906.50)6 Apr 11

Safety Deposit Box 26.11

Net Income 82166.19


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nnot be applied


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ING DIRECT CANADA

2010 Buying U Selling US Trade Fee (CDN) Cumulative Fee Balance (US)18-Jan 1.041 - 1000US = 1041 CDN 41 41 100020-Jan 1.051 1.028 0 41 100021-Jan 1.064 1.035 0 41 1000

22-Jan 1.064 1.035 0 41 10008-Mar 1.046 1.017 0 41 1000

13-Mar 1.034 1.005 5000US = 5170 CDN 170 211 600028-Mar 1.038 1.009 0 211 6000

8-Apr 1.02 0.991 0 211 600024-May 1.072 1.043 1000US = 1043 CDN -43 168 500025-May 1.092 1.063 0 168 5000

29-Jul 1.047 1.018 0 168 50005-Oct 1.032 1.003 0 168 5000

6-Oct 1.024 0.995 5000US = 5120 CDN 120 288 100007-Oct 1.03 1.001 0 288 10000

14-Oct-10 1.02 0.991 288 10000

15-Oct-10 1.026 0.997 288 1000018-Oct-10 1.034 1.005 288 1000019-Oct-10 1.045 1.016 288 1000020-Oct-10 1.037 1.008 288 1000027-Oct-10 1.046 1.017 288 1000028-Oct-10 1.037 1.008 288 100001-Nov-10 1.031 1.002 288 100002-Nov-10 1.024 0.995 288 100004-Nov-10 1.018 0.989 288 10000

######## 1.017 0.988 288 10000######## 1.025 0.996 288 10000######## 1.033 1.004 288 10000######## 1.027 0.998 288 10000

######## 1.037 1.008 288 100003-Dec-10 1.021 0.992 288 10000

######## 1.027 0.998 288 10000######## 1.017 0.988 288 100004-Jan-11 1.011 0.982 288 10000

12-Jan-11 1.002 0.973 288 10000

14-Jan-11 1.005 0.976 288 1000026-Jan-11 1.014 0.985 288 100003-Feb-11 1.007 0.978 288 100001-Mar-11 0.99 0.961 288 100009-Mar-11 0.983 0.954 288 10000

16-Mar-11 1.001 0.972 288 10000

3-Apr-11 0.984 0.955 288 100009-Apr-11 0.973 0.944 288 10000

######## 1.004 0.975 288 10000

######## 1.006 0.977 288 10000######## 1.047 1.018 288 10000######## 1.04 1.011 288 10000######## 1.033 1.004 288 10000######## 1.045 1.016 288 10000


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1-Oct-11 1.055 1.026 288 100003-Oct-11 1.065 1.034 2000US = 2064 CDN -64 224 8000

4-Oct 1.07 1.041 2000US - 2082 CDN -82 142 60001.054 142 60001.064 142 60001.074 142 6000

1.084 142 60001.094 142 60001.104 142 60001.114 142 60001.124 142 60001.134 142 6000

142 6000142 6000142 6000

142 6000142 6000142 6000

142 6000142 4000142 4000142 4000142 4000142 4000142 4000142 4000142 4000

142 4000142 4000142 4000142 4000

142 4000142 4000142 4000142 4000142 4000142 4000

142 4000142 4000142 4000142 4000142 4000142 4000

142 4000142 4000142 4000

142 4000142 4000142 4000142 4000142 4000


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142 4000142 4000142 4000142 4000142 4000142 4000

142 4000142 4000142 4000142 4000142 4000142 4000


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Balance (CDN) Current Standing (CDN)

9950 -338 Max tolerable loss = 500 CDN10010 -2789910 -378

9970 -31810050 -23810160 -12810080 -20810170 -11810080 -20810020 -2689950 -3389890 -398

9880 -4089960 -328

10040 -2489980 -308

10080 -2089920 -3689980 -3089880 -4089820 -4689730 -558

9760 -5289850 -4389780 -5089610 -6789540 -7489720 -568

9550 -7389440 -8489750 -538

9770 -51810180 -10810110 -17810040 -24810160 -128


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10260 -288272 486246 104 Breake even $300 assumig 1.5% for 2 yrs6324 1826384 2426444 302

6504 3626564 4226624 4826684 5426744 6026804 662

0 -61420 -61420 -6142

0 -61420 -61420 -6142

0 -61420 -41420 -41420 -41420 -41420 -41420 -41420 -41420 -4142

0 -41420 -41420 -41420 -4142

0 -41420 -41420 -41420 -41420 -41420 -4142

0 -41420 -41420 -41420 -41420 -41420 -4142

0 -41420 -41420 -4142

0 -41420 -41420 -41420 -41420 -4142


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0 -41420 -41420 -41420 -41420 -41420 -4142

0 -41420 -41420 -41420 -41420 -41420 -4142


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Financial Freedom

Passive Income 2011 2012 2013 2014 2015 2016Jan 0 700 1000 1500 2000 3000Feb 0Mar 0

Apr 0MayJunJulAugSepOctNovDec

Total 0 700 1000 1500 2000 3000

Goal


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2017 2018 2019 20204000 5000 6000 7000

4000 5000 6000 7000


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T2125 Statement of Business or Professional Activities- home business tax deductions are available if you can show your intention is to make a profit- expenses must be reasonable and backed up with support documentation. This is known as 'reasonable

1. Veh Expenses (require detailed auto mileage log)

Appraisal fees relating to the sale of property or the sale of your business are capitalized and not expensed. Thesame goes for accounting and legal fees pertaining to the purchase of property ... capitalize them ... don't

Should it be Expensed or Capitalized? Hmmm

How do you know when you have to capitalize an expense? CRA provides some questions to ask to assist you in

making the decision.

Does the expense provide a lasting benefit? If the answer is yes, then it has to be capitalized. Example -Changing the wood siding on your house to vinyl siding. If you just painted the wood siding, it would not need to

Does the expense maintain the property or improve it? If it improves it, then it has to be capitalized. Example -Replacing wooden stairs with concrete stairs. If you just repaired the wooden stairs, then you would not have to

Is the expense for a separate asset or for a part of the property? If it is a separate asset, then it has to becapitalized. Example - Replacing a fridge in a rental unit. If you just repaired the fridge by replacing parts, then

you would not have to capitalize the expense.

If you still can't decide after reviewing the first three questions, then look at the dollar value of the transaction. If itis a significant amount in relation to the property, then it has to be capitalized. This test on its own is not aThere are 2 other special situations which need to have the expense capitalized ... when you buy an older buildingand repair or renovate it to make it suitable to rent or operate in ... and the cost to fix up your property to sell it.

And finally, legal fees, interest, accounting fees, or property taxes pertaining to an initial purchase, initialconstruction, or a renovation should be capitalized.

4. Meals and entertainment are generally limited to 50%.

Income Tax Interpretation Bulletin IT-518R 17 defines a meal as "food or beverages for human consumption".

The amounts must be reasonable and incurred for the purpose of earning business income. This includes thecost of meals while traveling as well as meals or restaurant certificates during a conference. (There are specialrules pertaining to travel and conference expenses which will be covered in Part 2 of Home Business Taxes.)

The Bookkeeper's TipGet Into This Habit When Dining

Always write the name of the business associate and the reason for the meeting on back of the receipt whenentertaining or meeting for business purposes. It will make an audit go more smoothly.

Did you know that your credit card statement is not good enough for receipt purposes? Find out what isconsidered a legitimate receipt for CRA purposes.


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The meals and entertainment 50% limit does NOT apply in the following situations:

You are in the hospitality industry.It is related to fundraising for a charity.You billed your client for the expenses.

It is included in an employees income.The employee cannot be expected to return home daily (such as work camps).It is a special work location (at least 30 kilometers from a city with 40,000 plus in population).It is a company party for all employees (6 per year limit).You attended a conference, convention or seminar (2 per year).


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My Retirement Dream:(based on 2011 dollar)

Monthly Yearly

Savings 0 0

Mom/Dad 500 6000

Mortgage 0 0Property Tax 200 2400Home Insurance 100 1200Home Maintenance 200 2400

Heat/Gas/Utilities 200 2400

Car Maintenance/Replacement 200 2400Gas/public transit/taxi 50 600Car Insurance 100 1200

Internet/cable/phone/cell/long distance 150 1800

Grocery/Eating Out 400 4800

Exercise/Health/Entertainment 150 1800

Personal/Cloths 100 1200Random/Mis/Gifts/Donations 200 2400Health Care 200 2400Travel 833 10000

Total 3583 43000

Housing

Transportation

planning 2010 (version 1)

Documents