Questions tagged [canada]
For questions that relate to the financial laws, practices, and products of Canada.
1,499
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Unsolicited e-transfer: Can I send the money back or am I getting scammed?
Out of the blue, I got sent $50 I wasn't expecting over Interac e-Transfer. Now, the sender has emailed me saying it was a mistake. I want to do the honest thing and send them back their money, but it ...
- 393
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Canada GST/HST credit eligibility depends on last year's or current year's income?
The GST/HST credit is a non-taxable amount paid four times a year to individuals and families with low and modest incomes to help offset the goods and services tax/harmonized sales tax (GST/HST) that ...
- 1,570
2
votes
1
answer
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Determining eligibility for Social Security, without my own records
Thanks in part to this site, I have a pretty good idea of what calculations the Social Security Administration will make (quarters of coverage and all that) when determining whether I'm eligible for ...
- 127
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3
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How to value benefits and pension?
I recently started a job with several benefits including health and dental. It also has a pension. For various reasons I do not think I will be staying at this job very long. One reason is the base ...
- 53
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0
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31
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How to apply Canada's superficial loss rule for multiple sales?
I know that a capital loss cant be claimed if you repurchase the asset within 30 days of the sell date.
DATE ACTION SHARES TICKER CAP GAIN
1. Jan/01 BUY 1,000 MSFT -
2. Jan/...
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2
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Why does Canada's superficial loss rule also include a clause for "30 days before the sale"?
According to the Canadian Revenue Agency:
A superficial loss is when you, or a person affiliated with you, buys, or has a right to buy, the same or identical property (called "substituted ...
- 1,570
3
votes
1
answer
379
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Will you be charged any NSF fee for a declined online Debit MasterCard or Visa Debit transaction in Canada?
You open a chequing account with a Canadian bank: e.g. Simplii Financial or another bank. They ask if you want overdraft protection; you say "no thank you". They give you a Debit ...
1
vote
1
answer
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New US tax resident 2022 - from Canada. RRSP/bank-accounts/income questions
I moved from Canada to USA on May 30 2022 and work here as a full-time W2 employee. That makes me a US tax resident (alien) for 2022. Here's my detailed situation:
I earned a salary until May 26 2022 ...
- 111
0
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1
answer
31
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Calculating Canadian Capital Gain or Loss After Loan and Investment
Consider the following hypothetical scenario involving trading with margin in Canada w/ made-up exchange rates:
I take out a $100,000 USD loan on Jan/01 - ($150,000 CAD)
I lose all of it immediately ...
- 1,570
1
vote
1
answer
301
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When is interest incurred while trading on margin deductible in Canada?
To clarify my understanding of margin loans in Canada: the interest expense incurred while trading on margin is deductible, as long as the stock pays dividends, right? Also, if it is deductible, would ...
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2
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Calculating Foreign Exchange Capital Loss on Margin Loan Repayment
Let's assume I convert 10,000 CAD to 5,000 USD and hold it for one year. During that year, I also make some trades using money borrowed from the brokerage firm (i.e. trading on margin). Afterward, I ...
- 1,570
0
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1
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(Canada) How does a trust help with tax burden?
My company is offering me share options. I'm trying to understand what the tax implications are.
My understanding is that as soon as I convert the options into shares, I must pay tax because the ...
- 147
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1
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What is a trust? (Canada)
I'm having a very difficult time researching what exactly a trust is. Is a for-profit company with some additional agreements? Is it a not for profit?
If it's neither of the two, and is simply a ...
- 147
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0
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What legal dictionary does the CRA use for business and tax terminology?
I am currently looking for the technical definition used by Canada's Revenue Agency for these words:
Payment
Capital Debt Obligation
To determine whether payments made towards my margin loan in my ...
- 1,570
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1
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where is all the financial data published: symbols, earnings yield, return on capital
How does one get their hands on publicly-traded company financials? is there an official repository for this?
i’d be interesting in looking at the list of available stock symbols
a company’s ...
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