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  1. heavy reader

    Home Equity Assistance & "Military Families Pushed to Financial Ruin" (Merge)

    Ah, there's the kicker.  "Its part of the service, so we have to live with it".  The HEA loss is not something we have to deal with as a side effect of being in the military. Our predecessors fought hard to get the entitlement of 100% HEA out of Core as a relocation benefit due to the unique...
  2. heavy reader

    Home Equity Assistance & "Military Families Pushed to Financial Ruin" (Merge)

    Please check out the poll for those who have applied for 100% HEA out of core.  The poll is anonymous, but could provide some insight on how big this problem is.  Thanks again everyone.
  3. heavy reader

    Home Equity Assistance & "Military Families Pushed to Financial Ruin" (Merge)

    You seem to have reached the same conclusions as I did, however when I contacted Treasury Board and identified myself as a soldier, the advised me to talk to my union rep. :nod: As for the grievances, the CDS cannot force TBS to pay out, but he does need to know what is going on with his...
  4. heavy reader

    Home Equity Assistance & "Military Families Pushed to Financial Ruin" (Merge)

    Hi folks: Thank you all for your insights and experiences with the HEA policy.  Funny thing how these huge problems/inconsistencies don't attract the attention they deserve until they hit you or your peers/staff. We're relocated now and learning to live with the financial impacts of the HEA...
  5. heavy reader

    Home Equity Assistance & "Military Families Pushed to Financial Ruin" (Merge)

    As for income tax, the loss on a home sale cannot be claimed as a capital loss.  The only exception is if part of your home is used for a business.  Further, half of any Home Equity Assistance above $15 is considered a taxable benefit.  I.e. If you had a 90K loss, $37,500 would be considered...
  6. heavy reader

    Home Equity Assistance & "Military Families Pushed to Financial Ruin" (Merge)

    One of the main themes in these discussions is that of fairness, equity and the military member's responsibilities.  There is a common thread which has been reviewed in the SCONDVA report, that the government is responsible and that the CF members do deserve protection due to the particularities...
  7. heavy reader

    Home Equity Assistance & "Military Families Pushed to Financial Ruin" (Merge)

    Perhaps TBS could look into Home Equity Insurance product.  A US company has started such a monster and (at first glance) could offset these major losses.  If it were implemented in areas which were deemed overinflated (major bases or areas such as Vancouver), it COULD be effective.  Could be...
  8. heavy reader

    Home Equity Assistance & "Military Families Pushed to Financial Ruin" (Merge)

    Here's how it played out in my situation.  Bought a house.  3 years later, posted.  Housing in the area dropped by more than 20% (average house selling price in the town).  IRP conducted their assessment (assessed value).  Sold within 95% of current assessed value, and incurred a loss of approx...
  9. heavy reader

    Home Equity Assistance & "Military Families Pushed to Financial Ruin" (Merge)

    Hey folks: Looking to start a discussion on HEA (100% from Core).  Anyone out there get hosed this posting season?  I understand that several applications have been sent up and none have been approved. What's my stake?  I lost my shirt this APS, proved the 20% loss in local market decline and...
  10. heavy reader

    Pay: Statements, Backpay, Benefits, Deductions (Taxes, T4), Deployed ect... [MERGED]

    Here's one for this group. I am on TD all of the time.  When I get "reimbursed" for the TD costs (hotels, meals, rentals etc), this all shows up on my T4 at year's end as income. So all of this money that I was reimbursed (out of pocket), I get taxed on, and probably loose about 40% to the tax...
  11. heavy reader

    Need Help Moving-Dirtbike from Victoria BC to Edmonton Alberta

    Good afternoon: I'm taking my brother on a a dependant (retired veteran-navy), and he is in BC.  I need to get his motorbike from Victoria to Edmonton for as little money as possible.  If anyone is relocating and can fit this in, we'll make it worth your while.  Even if it is later, we could...
  12. heavy reader

    Antique Military Books

    I've posted a listing of Antique Military Books in the Buy and Sell forum.  Thought it may be of interest to this newsgroup. The title is "Antique Military Books (and More) for SALE" UBIQUE!
  13. heavy reader

    Antique Military Books (and More) for SALE

       Antique Military Books for sale (Jomni, Churchill, Lennin, Stalin, John McCrae, Kipling etc).  Another list will be publilshed in December. Other books included are antique childrens, historical and poetry.  Conditions vary and photos are available.  Most are first editions. Will ship...
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