Dalai Mama
Drama Llama
La Pea Boheme
Posts: 6,985
Jun 26, 2014 0:31:31 GMT
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Post by Dalai Mama on Jul 16, 2015 22:50:11 GMT
The thing about defaulting on a mortgage in Canada (I think Sask is the only non-recourse province) and having your house go into foreclosure is that, if your house in foreclosure sells for less than what you owe the bank, you're still on the hook for the difference. And the lender can attach all of the borrowers assets it just the house.
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Post by anonrefugee on Jul 16, 2015 22:50:29 GMT
Is the DD pretty young? That sounds like something my clueless 20 year-old DS would say. It also sounds like someone gullible enough to be led astray by a bad apple husband! Young, dumb and in love can be a bad combo.
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Post by JBeans on Jul 16, 2015 22:53:48 GMT
My friend's DD (a U.S. Citizen) married a man from Canada (a Canadian citizen)last summer and moved to Alberta with him. She has been in the process of applying for Canadian citizenship for a couple years now. She and her new DH are having money problems and she told her Mom (my friend) that up there they just borrow from the government and don't really have to pay it back. She also told her Mom that most Canadian citizens never pay off their home mortgages.Now this DD is very touchy so my friend rarely questions her just to keep the peace but we're really having a hard time believing this. If anyone has any insight into what this kid is talking about could you please enlighten me? Never paying off your mortgage and never paying your mortgage are two very different things. In my experience, most family and friends have paid off their mortgages and are land rich because of the real estate appreciation in large Canadian cities. It is difficult buying into those markets now and I can understand a young person believing they will never be mortgage free. I'm assuming your friend's DD has legal status as a permanent resident in Canada which would make her eligible for the same social assistance/subsidies/welfare benefits that her husband is entitled to. I suspect they aren't "borrowing" money from the government, but receiving some sort of subsidies. Yeah but if he is pulling EI, he's not getting a whole hell of a lot, even if he's receiving max benefit. You can't live and sustain a mortgage on EI. Not in Alberta anyways. Oops, meant to quit theshyone
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theshyone
Pearl Clutcher
Posts: 3,401
Jun 26, 2014 12:50:12 GMT
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Post by theshyone on Jul 16, 2015 22:58:08 GMT
Never paying off your mortgage and never paying your mortgage are two very different things. In my experience, most family and friends have paid off their mortgages and are land rich because of the real estate appreciation in large Canadian cities. It is difficult buying into those markets now and I can understand a young person believing they will never be mortgage free. I'm assuming your friend's DD has legal status as a permanent resident in Canada which would make her eligible for the same social assistance/subsidies/welfare benefits that her husband is entitled to. I suspect they aren't "borrowing" money from the government, but receiving some sort of subsidies. Yeah but if he is pulling EI, he's not getting a whole hell of a lot, even if he's receiving max benefit. You can't live and sustain a mortgage on EI. Not in Alberta anyways. Which would explain the financial issues right?
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Post by JBeans on Jul 16, 2015 23:11:16 GMT
Possibly. If he was a rigger and recently got laid off, which is more than possible, yes, he'll be in a heap of financial problems.
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scrappington
Pearl Clutcher
in Canada
Posts: 3,139
Jun 26, 2014 14:43:10 GMT
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Post by scrappington on Jul 16, 2015 23:14:03 GMT
As a Canadian I'd like some free non expected money from the government. I've been doing it all wrong
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milocat
Drama Llama
Posts: 5,421
Location: 55 degrees north in Alberta, Canada
Mar 18, 2015 4:10:31 GMT
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Post by milocat on Jul 16, 2015 23:14:09 GMT
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Post by JBeans on Jul 16, 2015 23:27:00 GMT
No. Not even. This is why and I quote from the article. "When a debt is declared a write-off, it does not eliminate the taxpayer's obligation to pay, Deussing added. The revenue agency "has the right to collect the debt in the future, if and when the taxpayer is located or the taxpayer's financial situation improves."
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akathy
What's For Dinner?
Still peaing from Podunk!
Posts: 4,546
Location: North Dakota
Jun 25, 2014 22:56:55 GMT
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Post by akathy on Jul 17, 2015 0:12:57 GMT
Thanks for all your input. My friend and I had a hard time believing that could possibly be true. Her DD is young and she probably is trying to keep her Mom from worrying. I knew I could count on the Peas to set me straight I was thinking about moving up there for the free money
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Post by alittleintrepid on Jul 17, 2015 0:15:32 GMT
Think about Alberta as the Texas of the North. Lots of Cattle and lots of oil. The oil fields have taken a big hit this year so if DD's husband worked in the oil fields or any of the connecting industries, he may have been made redundant and would be eligible to collect employment insurance. Free money from the government, sort of...except that he paid money into this program while he was working to be eligible to collect benefits now. (Of course, this applies if he was working in another sector and paid into EI...I'm just pointing out that oil has taken a big hit).
The other alternative is that DD and hubby could be collecting social assistance (welfare) . They look at the family income to determine benefits so hubby wouldn't get benefits if he was collecting employment insurance but if he wasn't eligible for employment insurance (hadn't paid into the program long enough before being made redundant, fired vs. laid off etc) he would still be eligible for income support.
This is where they "without paying it back" comes in. When DD moved to Canada, presumably she was either engaged or married and hubby acted as her sponsor. By doing so, he would have committed to supporting her financially for the next ten years and there is an expectation that he would pay back anything that she collected from social assistance. So.....I think that they're either not collecting funds under her name or she doesn't get that they will claw back the benefits and garnish his wages when they figure it out.
If she was sponsored, she is a landed immigrant. She doesn't need to be a citizen to collect benefits.
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danceswithtrolls
Full Member
Posts: 156
Location: Alberta, Canada
Jul 7, 2014 1:13:40 GMT
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Post by danceswithtrolls on Jul 17, 2015 2:32:57 GMT
Uhm? Huh? Whaaaaa?
I live in Alberta. I'm 43. Paid off our first mortgage in 17 years. So yeah, we pay off our mortgages. Housing can be very costly depending on your region though. But Alberta doesn't have the outrageous pricing like some provinces. Calgary is pricey, but doable. If you said she lived in Vancouver, yeah it would be tough getting into a house there and paying it off.
I can't think if ant type of government loan she could be referring to.
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Post by JBeans on Jul 17, 2015 6:03:51 GMT
Thanks for all your input. My friend and I had a hard time believing that could possibly be true. Her DD is young and she probably is trying to keep her Mom from worrying. I knew I could count on the Peas to set me straight I was thinking about moving up there for the free money akathy, I know you are from ND, so I am going to assuming he was working in the oil industry? I know a lot of oil workers were being sent to work in your area. If the wife is younger, then I am going to venture a guess and think he is too, so he'd be an inexperienced rigger and would be some of the first to get a lay off when the price of oil took a dive. I'm dying to know if I'm right! Lol.
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grinningcat
Pearl Clutcher
Posts: 4,663
Jun 26, 2014 13:06:35 GMT
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Post by grinningcat on Jul 17, 2015 11:25:07 GMT
Your friend's daughter is smoking a whole whack of crack. It pisses me off that someone so misinformed is going to move to this country and abuse the system.
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akathy
What's For Dinner?
Still peaing from Podunk!
Posts: 4,546
Location: North Dakota
Jun 25, 2014 22:56:55 GMT
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Post by akathy on Jul 17, 2015 15:05:28 GMT
For the record, my friend's SIL doesn't work in the oil field and they are on no assistance programs. I think her DD is just young and misinformed. Thanks for your opinions.
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tincin
Drama Llama
Posts: 5,368
Jul 25, 2014 4:55:32 GMT
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Post by tincin on Jul 17, 2015 15:14:46 GMT
I know one thing, if I can get free money as well as universal health care I am moving to Canada just as soon as I learn the words to their national anthem.
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Post by canadianscrappergirl on Jul 17, 2015 15:31:40 GMT
My friend's DD (a U.S. Citizen) married a man from Canada (a Canadian citizen)last summer and moved to Alberta with him. She has been in the process of applying for Canadian citizenship for a couple years now. She and her new DH are having money problems and she told her Mom (my friend) that up there they just borrow from the government and don't really have to pay it back. She also told her Mom that most Canadian citizens never pay off their home mortgages. Now this DD is very touchy so my friend rarely questions her just to keep the peace but we're really having a hard time believing this. If anyone has any insight into what this kid is talking about could you please enlighten me? no insight into what she is talking about in regards to borrowing from the government but in regards to us Canadians never paying off our mortgages when we paid ours off 3 years ago (it was a 25 yr mort paid off in 17 yrs) we got a call from our bank manager to congratulate us and to say how proud we should be because in her experience most ppl did not pay off their mortgages which shocked me. Needless to say we scrimped and paid the absolute maximum we could pay to get that sucker paid off haha!
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