Scarlett Thomson

Torontonian,MBA (+mathematics+law major),enthusiast of Economics,Investment,Politics, music,movies,books…Likes: streamline, organization,logic & contrarianism💎

[Scarlett Thomson @0803Scarlett]

@MPelletierCIO This is so funny. 🌺

[Scarlett Thomson @0803Scarlett]

@GoldTelegraph_ Insightful perspective！🌺

[Scarlett Thomson @0803Scarlett]

@zerohedge The management of sovereign currency reflects the will and control of the government over it, and any form of challenge to this control is absolutely not allowed. 🌺

[Scarlett Thomson @0803Scarlett]

@zerohedge This is one of the reasons why those transformative coin innovations lacking the backing of a strong national government 政府背书 have a very limited circulation coverage and even legitimacy, which is precisely the essence of what is so called currency...🌺

[Scarlett Thomson @0803Scarlett]

@jennyrozelle In estate planning, the beneficiary is neither determined by DNA nor by relationship, but by the “free will” of the person who makes the will / estate planning.🌺

[Scarlett Thomson @0803Scarlett]

@GoldTelegraph_ Follow logic, history, and math…
Nice. 🌺

[Scarlett Thomson @0803Scarlett]

U.S. Dollar share of global foreign currency reserves have fallen to its lowest level this century! 🌸

[Scarlett Thomson @0803Scarlett]

@JavierBlas I guess it's more about the international reserve currency system & Dollar (though the huge domestic debt might be also one of the factors), and similar stories have happened several times already:
Iraq, Libya, Venezuela…

History doesn't repeat itself,
but it often rhymes…🌺

[Scarlett Thomson @0803Scarlett]

A century of gold (1925 - 2025) 🌺

Gold has outlasted empires, crises, and currency regimes.

[Scarlett Thomson @0803Scarlett]

$GLD outperfoming $SPY

since it launched in 2004! 🌺

[Scarlett Thomson @0803Scarlett]

Global International Reserves🌺
(2025 Q1)

[Scarlett Thomson @0803Scarlett]

US 🇺🇸 and Canada 🇨🇦time zones：

(without adjustment for political boundaries)

[Scarlett Thomson @0803Scarlett]

Canadian Dollar to US Dollar FOREX
(2005 - 2025) 🌺

[Scarlett Thomson @0803Scarlett]

The house ownership is transferred,
but the house sale payments are collected "in installments" by you.

The process is as follows:
You first sign an agreement with the purchaser,

And then inform CRA: The buyer does not pay the full amount now.🌺

[Scarlett Thomson @0803Scarlett]

Vendor Take-Back Mortgage (VTB) refers to the situation where you "sell" your house to relatives or children, but the buyer's payment is not provided by the bank, but rather borrowed from you.

That is, you are both the seller and the loan lender. 🌺

[Scarlett Thomson @0803Scarlett]

He has only paid a portion, and the remaining balance will be repaid in installments.

In this way, you don’t have to hand over the entire capital gains tax of this house to CRA all at once, but report a portion each year and pay it off over 5 years. 🌺

[Scarlett Thomson @0803Scarlett]

Because CRA has a rule:
If you sell a house but the buyer does not make a full payment at once, then you can amortize the capital gains tax over the next 5 years. 🌺

[Scarlett Thomson @0803Scarlett]

The advantage of using VTB operation is that it can save a lot of capital gains tax, especially when the vendor’s income is very high and/or the "sold" property has appreciated significantly. 🌺

[Scarlett Thomson @0803Scarlett]

Home Price changes
( Jan 1st 2000 - Jun 2nd 2025) 🌺

Australia: +393%
Canada: +334%
UK: +252%
US: +218%
Japan: -23%

[Scarlett Thomson @0803Scarlett]

@JoeBiden Each of us will grow old, and most of people will fall ill from time to time.

I'm so glad that you & your family can face this relatively normal situation and another life challenge with such an optimistic & open-minded attitude.

Pray for you a very fast and full recovery! 🌺