Questions tagged [canada]
For questions that relate to the financial laws, practices, and products of Canada.
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What is the best way of transferring money from American to Canadian bank? [closed]
I am a Canadian that will be working in US for some time. I will still have Canadian bills to pay, so I would need to regularly transfer US dollars from some US bank to my Canadian bank account in $...
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Do personal cheques expire? [Canada]
In Canada, cheques issued by the Government of Canada do not expire. do personal cheques ever expire? If so, what is the limit before they need to be re-issued?
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When does Ontario's HST come into effect?
When does the HST become effective? Will all businesses start charging HST right away, and will it replace the 5% GST with a straight 13% tax for all services?
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Assuming you already have the money, how to tell when/which day of the month to pay off credit card balance?
Maybe this is a simple question but I have a really bad sense about these type of things. When I got my first credit card the teller "did me a favour" and said if I always paid it off in ...
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If I take a loss when I sell my car, can I claim a capital loss deduction on my income tax return?
If I sell my car off at a loss, can I write that loss off against my income to save on tax? Does it matter if the car was used just for personal leisure use, or if I used the car to generate business ...
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Ripped plastic Canadian currency/bills
Can a ripped Canadian Plastic Bill with 60% portion of the bill remaining containing both serial #s still get full value?
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How do Ontarians calculate optimal RRSP contribution?
Pls see my dad in Ontario's facts. He maxed out his TFSA, and his annual pre-tax income (henceforward "APTI") is $50K. CRA website shows his 2019 RRSP deduction limit is $100K.
If I ...
user40269
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In Canada, how can I most easily/cheaply send money to a friend online?
I'm moving from Europe to Canada, and considering the high fees for wire transfers (the default, instantaneous, cheap, online method I've always used so far), what is the most economical way to send a ...
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Do I pay taxes where I live, or where I work?
Why we need to pay taxes? Because society needs money for social service, police, education, roads, medicine and so on. Therefore we need to pay taxes where we live. For example we live in one country,...
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Are dual US-Canadian citizens in Canada required to pay US taxes on their donations to Canadian charities?
Suppose Gordon is a Canadian citizen resident who is also a US citizen.
Gordon earns $1,000,000 a year in net income from his Canadian executive job. He pays an overall rate of 40% in taxes.
Gordon ...
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Where to start with personal finance in Canada?
This will obviously differ by situation, and might be overly broad, and very closely related to Where to start with personal finance?.
But how about some Canada specific answers?
Say you've reached ...
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Can I withdraw money from my rrsp if I made excess contribution by mistake?
If by mistake, I exceed the contribution limit to my RRSP, can I withdraw it from my RRSP, to avoid paying penalty?
e.g Let us say my RRSP room is 18k, but I contributed 22k, so any contribution in ...
- 16k
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Difference between bank rate and prime rate
What is the difference between the bank rate and the prime rate? The prime rate is the rate at which banks lend each other money, but what is the bank rate?
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How can sister protect herself from impulse purchases with a credit card?
My little sister is 18, and currently has a bank account with a debit card. She and mom believe it might be time to get her a credit card, mostly to build up her credit rating than out of necessity.
...
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Why would someone get a credit card with an annual fee?
I currently just have a Visa credit card. A place I shop at doesn't accept them. I'm looking at getting a second credit card such as Mastercard. I am surprised by how many highly recommended cards ...
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