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Buying your first car in Canada: Insider tips from a salesperson
– moneysense.ca
Buying a car is a major financial decision, possibly the biggest purchase you’ll ever make besides buying a home. Monthly housing costs should not take up more than 32% of your gross household income. Your car budget, while much smaller, could still be as high as 10%. And with Canada’s increasingly higher cost of living, including rising prices for both used and new vehicles, shopping for a car today has some new challenges.
I’ve seen this up close. For half a year in 2021, I sold cars at a dealership in Toronto. What started off as a summer job between college semesters became a lucrative hustle that continued into my next school year as a journalism student. My customers were primarily newcomers to Canada and budget-conscious young individuals and couples. Like my colleagues, I used tried-and-true dealership sales tactics to sell more cars and maximize profits.
I was pretty good at it, too. Three months after getting my license to sell cars, I was named top salesperson for the month of August, having closed the most deals that month among an otherwise older, all-male sales team…
How to divide the assets of an estate between beneficiaries
– moneysense.ca
There are three beneficiaries of our parents’ wealth portfolio. It includes five properties, five cars, numerous bank accounts, and numerous wealth management accounts, but the parents’ wishes were to divide it all into three equal parts.
Unfortunately, it is not that easy to divide as everything has differing values. Also, we may have differing ideas on what to keep versus sell and different timelines.
How can this possibly be divided equitably?
We are all beneficiaries of each other’s wills and on all accounts and portfolio investments, but if we want to eventually sell or disperse funds that would present the issue.
Would it be beneficial to set up a trust to put in all of the assets? The question is how to divide equally if any of the assets are sold. Our names are primary on each of the assets with the other two as successor beneficiaries.
—Lisa
How to split an estate between beneficiaries
This is a multi-faceted question, Lisa, so I will try to comment on all the considerations…
