Questions tagged [canada]
For questions that relate to the financial laws, practices, and products of Canada.
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When does a foreign transaction fee apply to a credit card (especially from shopping online)?
I assume if you go to another country and use a credit card, then the foreign transaction fee will always apply.
What if I use a credit card to make a purchase from an online store? Does it depend on ...
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379
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Are these proxy vote questions pointless?
On many proxy vote forms, as a shareholder, you can vote "for" or "withhold" on some board of director members and appointment of an auditor. You can vote "for" or "...
- 269
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I get a pension from having been a Federal Employee; I also work part-time for my family's business. Do I need to pay into EI?
So, I worked for the Federal government most of my life, I retired 2 years ago and I get my pension. In addition, I work about 30 hrs/week in the office of my family's business, do I have to pay EI? ...
- 21
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1
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83
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Corporate Finance Vs Corporate Finance? (w/ context differences)
I've heard corporate finance in 2 very different contexts, one referring to IBD, S&T, PE, VC and hedge funds, the other referring to a more financial accounting oriented role (at the same level w/ ...
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1
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112
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How do I properly lend personal money to my own company in Quebec?
I want to finance my company with my personal money (to buy some stuff).
What is the best way to do that in an accounting point of view?
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2 mortgages, payoff one completely or pay some off bigger principal?
so I have two mortgages on two separate rental properties.
A. 100k remaining, 1 year left on term, 1.85% variable, 428 monthly.
B. 300k remaining, 4 year left on term, 2.54% fixed, 313. weekly.
I have ...
- 301
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1
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75
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What is a temporary layoff and how is it different than a regular one?
What exactly is a temporary layoff and how is it different than a normal one? How does it affect EI? If the company asks me to return to work, either in the same position or a different one, am I ...
- 79
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If my business organized a competition and gave winners money as prize, can I deduct this?
I'm a sole proprietor and gave out around 1000$ in prizes for my business' event, either through paypal or e-transfer. How can I deduct this as a business expense? There's not really a receipt.
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164
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When on EI what affect does limiting the hours available to work have?
I recently started a job. I was under the impression that this job was not long term. This is important to me because there are certain things (like not having a break room or employee bathroom, ...
- 79
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1
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202
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If you quit a new job because you're concerned for your health, can you go back on Employment Insurance?
I was on EI. I recently started a new job as an employee. There were 2 phone calls and then I started working the next day. There's a few things that make me concerned for my health (even as simple as ...
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Can you substract business expenses that increases good will? [closed]
Can you subtract business expenses that increases good will? Can you gain a tax advantage if you spend money to make a non-profit product that may increase good will for your company? Let's say you're ...
- 211
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3k
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Can I pay my partner’s income tax (Canada)
I net approx. twice what my spouse does. At income tax time can I pay her income tax for her so she has more money to invest in her retirement savings account (RRSP)?
I know that if I were to give her ...
- 2,592
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1
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67
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Canadian taxes: Is it possible to declare dividends for a small business corporation with no other income other than investments (passive income)?
I have a small business that is now dormant since I switched to full time employment
This is a small inc created before the professional corporations were defined by the Canada Revenue Agency (not ...
- 117
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3
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260
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What's the difference between a soft and hard credit check?
I understand that hard credit checks negatively impact a person's credit score. Why would it work this way, because it's seen as a negative thing to be applying for credit cards too often? Even then ...
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Is the RRSP Contribution period 12 months or 14 months?
Assuming a clean slate (i.e. no carry-forward contribution room) I always thought the one could make their RRSP contribution any time within the calendar year + 60 days after the end of the year.
If ...
- 312
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333
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Interpreting questions on EI report when doing temporary work
There are several questions on the bi-weekly employment insurance report that are difficult to know how to answer. I often work temporary jobs, a few weeks or months at a time.
Did you start a full ...
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69
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Can you get a tax advantage for hiring a freelancer?
Can you get a tax advantage for hiring a freelancer without setting up a LLC? The issue is the following. Let's say I crowdfund 100k for a project, I have to declare this amount in my tax earnings, ...
- 211
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1
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201
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How do I report interest income whose non-resident tax was not withheld?
I'm a former resident of Canada who kept their Canadian bank account upon leaving Canada several years ago. It seems that my bank either did not receive or did not act upon my change of address ...
- 238
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126
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Cross-country e-gift cards
I've been looking for ways to get my friend who lives in the USA an electronic gift card for the holidays (non-close loop so the card can be used at any store that accepts Visa or MasterCard).
I live ...
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4
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556
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I bought crypto for a friend and now want to cash out for her
My friend and I live in Canada, Quebec. In 2018, she gave me $3000 to buy the same coins/tokens I am invested in. I bought these coins/tokens from Kucoin exchange. She is not tech saavy like I am, so ...
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While transitioning to a new (online) bank is it OK to have my money split between two banks?
I used to keep all my money with one bank. I recently opened an account with another bank and have slowly been transitioning towards them. I have multiple jobs and sources of income. Now when someone ...
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Rewards to $40. Is it best to get PayPal, prepaid Visa or Amazon card?
I can get $40 from Receipt Hog. They can give it as a prepaid Visa card, to my PayPal or Amazon gift card. Which is the best option of the 3? I was thinking PayPal and transferring it to my local bank ...
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309
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Potential job offer where I would have to buy a car to use. How to calculate if it's worth it?
I am expecting a job offer for what is basically a delivery driver position. I would be using my own vehicle. There had been talk about getting reimbursed for mileage but now it's going to be a flat ...
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66
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Are companies listed on the TSX Venture Exchange required to publish financial statements regularly?
The TSX Venture Exchange lists many small-cap and micro-cap companies. Are all these companies required by law to regularly make their financial statements available to the public? If so, do all these ...
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1
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138
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How much must one pay tax in Canada if received income from Switzerland?
I am a Canadian Citizen, who lived and worked in Switzerland for a full year. During that time, my only source of income was the company I was working for there. Swiss government deducted a particular ...
user68310
2
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1
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544
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In pay stubs what are "vacation payout"?
At a few jobs I've had there's been a small amount on my pay stub called "Vacation Payout". What exactly is this? I tried reading the legislation but am confused. Is it basically saying each ...
- 79
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225
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Pre-qualification screening for apartment rentals on apps like Zumper. How honest should I be?
I'm looking to move from one - expensive - rental apartment to another, similar priced.
Now my circumstances are that I am semi-retired, starting a business and with more than enough money in the bank ...
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3
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427
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The minimum a Canadian corporation can pay to its owner
Can a Canadian Corporation pay its owner less than the minimum wage? Is there a minimum amount when running the payroll?
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52
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Insurance Liability for a recently registered Ontario corporation
I just registered a corporation in Ontario, and I'm about to get a contract from USA as a Programmer. I applied for a general liability insurance online in many sites, but they keep rejecting it ...
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113
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Compliance issue with casino winning check
I received a check from a on-line casino from Canada. I took it to my bank to cash and they sent it to collections. After about 2 1/2 weeks they sent it back saying compliance issue. What does that ...
