u/QuantGuru

I have a general idea about Cash Damming but I keep getting confused when people say 'Keep a separate flow of funds'. Here is what I have prepared (see image below).

https://preview.redd.it/cu207ex5sw0h1.png?width=1357&format=png&auto=webp&s=2843f582d2bcce9c92dd4bfe7315fb8354e2d316

Summary:

1. Rent is always collected in Wealthsimple (WS) checking account for both rental properties
2. Rental 1: Withdraw the mortgage of $2,500 from Scotia HELOC and pay the mortgage
3. Rental 2: Withdraw the mortgage of $2,500 from RBC HELOC and pay the mortgage

Questions:

1. Will this pass CRA test? its a clean structure each chequing account is used for that mortgage only.
2. Do i need a chequing account in Scotia and RBC becasue they charge monthly fees and WS is free?

Other Tips:

Scotia HELOC is only advanced at $10,000 increments. Meaning once the readvancable loan has $10,000 only then scotia will activate HELOC. I dont think RBC has this rule, you have access to your HELOC funds from day 1!! So RBC is better i think?

Does anyone has a direct line or number for technical support in Canada? Their support sucks. Everytime I call it goes to Thailand and Combodia lol And those people basically talk to me and relay my message to Canada. Its like broken telephone!!!

We visited Croatia last year in July 2025. I got an email from my rental car in April 2026 that I entered an unauthorized zone and they are charging the rental car company 1,580 EUR for each infraction of me entering the “unauthorized zone”

At this time I don’t remember what happened back in July 2025. Also I thought there was no parking so we always parked in a garage. Now I am finding about this ticket.

Does anyone know a good lawyer or have any experience with this? I have heard if I ask the authorities to charge me as a natural person then it’s lowered? Is that true?

We visited Croatia last year in July 2025. I got an email from my rental car in April 2026 that I entered an unauthorized zone and they are charging the rental car company 1,580 EUR for each infraction of me entering the “unauthorized zone”

At this time I don’t remember what happened back in July 2025. Also I thought there was no parking so we always parked in a garage. Now I am finding about this ticket.

Does anyone know a good lawyer or have any experience with this? I have heard if I ask the authorities to charge me as a natural person then it’s lowered? Is that true?