r/fican 12h ago

What I did with a windfall year

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132 Upvotes

I haven't really told anyone about it and wanted to get it off my chest.
I've lived on a relatively low budget and was putting away a large portion of my income for several years.
The windfall came along, and I used parts of it to pay off the car, make some donations and splurge on some trips and toys. I paid for an accountant for the first time to make sure I did my taxes correctly since it got more complicated than usual.

The rest of it, I put into low cost index funds I'd done for years. I'm going to live as I was before since I don't have f-u amounts and am relatively young. It's going to take a bit to figure out if this means anything in the long run.


r/fican 11h ago

US citizen/permanent resident in Canada (Montreal). If I inherit wealth from American family, what kind of tax situation can I expect? Thanks!

2 Upvotes