All Questions
50
questions
25
votes
8
answers
7k
views
Selling a House Upfront Or Collecting An Income Over Time?
Suppose that you have a house worth $500,000.00 that is gifted to you and this house is completely paid off. The people who want to purchase this house will need to go to the bank to get a loan so ...
- 399
2
votes
1
answer
410
views
Can the CRA peek into the amount of a Canadian bank account forthwith?
I mean without any search warrants or court orders.
I ask because for the 2018 tax year, my brother in Grade 12 earned a total income of $500 CAD from only interest. The bank issued a T5 statement ...
user40269
1
vote
1
answer
82
views
Do I need to live in Canada to have a bank account in Canada?
I live in the US. I am considering opening a bank account in Canada.
Do I need to live in Canada to have a bank account in Canada?
If so, am I required to file tax in Canada?
- 1,117
19
votes
4
answers
7k
views
If I have given my bank details to someone by email what should I do now? [duplicate]
I have given someone my bank account details including my home address and phone number by email, supposedly so that money can be transferred into my account.
I am now quite sure this is a scam.
...
- 199
0
votes
0
answers
76
views
Is the amount of a pull (from the receiving institution) limited?
User 'DanLynch' defines 'push' and 'pull':
If you do a "push", the money will be removed from the sending account immediately, and will usually arrive in the receiving account in 1 to 3 ...
user10763
0
votes
1
answer
613
views
Why does DICO insure until $250K, but CDIC until $100K?
This question doesn't duplicate this other that doesn't compare CDIC with DICO. As of Dec 6 2018:
DICO [Deposit Insurance Corporation of Ontario] insures deposits up to $250,000.
We CDIC insure ...
user10763
1
vote
0
answers
396
views
As a US Citizen can I open a Canadian bank account without my social security number?
As I stated in the title: will I need to provide my Social Security Number if I choose to open a bank in Canada as a US Citizen?
- 11
5
votes
1
answer
193
views
Power of Attorney on Bank Account - Anything to Watch out For?
In planning for their later years in life, my parents want to have me become power of attorney, and to have control of their banking accounts, etc.
They are still of sound mind, etc, and I wouldn't ...
- 206
1
vote
1
answer
249
views
In Canada, is it legal to transfer Adsense earnings to free tax account?
As long as you respect the free tax account limit, is it legal and correct to transfer Adsense earnings to free tax account in Canada?
My objective is to not pay taxes on Adsense earnings.
Note : ...
- 141
1
vote
2
answers
3k
views
How can I transfer money from my Canada Scotia bank account to any bank account
Presently I'm in the U.S and I have some money in my Canadian Scotia bank account. How can i transfer a large sum of money from my Scotia bank account to another bank using my online banking
- 21
2
votes
2
answers
364
views
Long term investing alternative to mutual funds
Background
I'm trying to figure out what is the best way to supplement my RRSP for
retirement. In Canada, I can contribute roughly 18% of my annual income (up to
an annual maximum of about $26,230.00)...
- 163
32
votes
4
answers
7k
views
Why do most banks in Canada charge monthly fee?
I am not sure about other countries, but here in the UK we mostly don't need to pay a monthly fee. But I was a bit surprised to learn that most Canadian banks do charge monthly fees that some of them ...
- 439
0
votes
1
answer
132
views
How to choose a bank?
Once you move to a new country (Canada or USA), how to choose a bank to open an account? What are the important factor if you are also looking for the mortgage etc. after few years?
- 101
-2
votes
2
answers
200
views
How to deposit a cheque issued to an associate in my business into my business account?
A customer paid with a cheque made out to an associate in my business instead of the business name. How can I deposit this cheque into my business account ?
- 19
1
vote
1
answer
692
views
getting paid for work in Canada to a U.S bank account?
So I'll be temporarily transferred to one of our company's offices in Canada for about a year.
Can I be paid to my U.S bank account just so I won't have to transfer the money back to the U.S when I ...
- 11