Questions tagged [canada]
For questions that relate to the financial laws, practices, and products of Canada.
1,499
questions
18
votes
3
answers
2k
views
Regular contribution threshold for ETF vs Index Mutual Fund?
I've seen enough info out there comparing lump-sum investments into ETFs vs mutual funds with respect to broker commissions in the case of ETFs, and the discrepancy between MERs between the two. In ...
- 2,283
6
votes
1
answer
448
views
Which non-bank-specific online money management applications work for Canadian banks?
Mint.com has languished for years (over three now) in not supporting Canadian banks. Given that we only have a few, you would think it to be a small amount of work.
Update: Mint.com now supports ...
- 710
94
votes
12
answers
12k
views
Where can I park my rainy-day / emergency fund? Savings accounts don't generate much interest
Savings accounts don't seem to generate much interest. What other options do I have for my emergency fund?
- 1,145
5
votes
1
answer
248
views
Home Renovation Tax Credit (HRTC) - Can I still claim it even if I pay cash?
Can I still claim the Home Renovation Tax Credit even if I pay cash?
googler
4
votes
1
answer
9k
views
Can I use Canada "permanent" postage stamps, usually for lettermail, towards higher postage rates?
For a couple of years, Canada's had "permanent" postage stamps, whereby instead of printing a fixed value in cents on the regular lettermail stamp there is simply the letter "P" for permanent.
You ...
- 31.7k
6
votes
1
answer
7k
views
RESP withdrawals: What are the eligible/qualified education costs or expenses, other than tuition?
A few years ago, my wife and I started an RESP to help us save for my daughter's eventual post-secondary education. We're doing well with it: we take advantage of the maximum government match, and ...
- 31.7k
4
votes
1
answer
11k
views
What will happen to quarterly GST cheques when HST starts in Ontario?
The Federal government gives GST cheques to those who have qualifying incomes. What will happen in Ontario when the taxes merge?
- 6,230
16
votes
3
answers
722
views
Aside from having to re-establish credit & credit history, what are downsides to declaring personal bankruptcy?
If someone were to file for (personal) bankruptcy protection from their creditors, is their entire debt wiped clean? And then they have seven years to wait before their credit history no longer ...
- 261
10
votes
4
answers
885
views
When will Canada convert to the U.S. Dollar as an official currency?
(note I really don't want this to sound argumentative, I'm genuinely interested. The title is simply a follow up to this question and my answer.
To the Canadian users of this site, would you agree ...
- 3,893
4
votes
1
answer
2k
views
Canadian income tax & charitable donations: How much is income tax reduced by donations?
In Canada, how much is income tax reduced by charitable donations?
When filing, are there any special requirements to qualify for the deduction or credit?
- 31.7k
7
votes
2
answers
2k
views
In Canada how much are child care receipts worth for income tax?
How much can my family expect to save on taxes if we ask our sitter for a receipt for last year? Our kids are 6 and 10 and we paid about $2300 last year for occasional child care. My husband and I ...
Tracy72
7
votes
1
answer
327
views
How can I minimize the impact of the HST?
HST is being introduced in both Ontario (see this question) and B.C., does anyone have suggestions for how to reduce its impact on individuals?
- 6,230
3
votes
2
answers
409
views
How is the Home Renovation Tax Credit (HRTC) supposed to be claimed? How does the credit work?
We built a new deck this year and we're expecting to take advantage of the Home Renovation Tax Credit (HRTC). How is it supposed to be claimed? How does the credit work? Would it be claimed on the ...
- 31.7k
6
votes
1
answer
972
views
Are insurance payouts taxable in Canada?
This is in reference to this question about life insurance but can apply to other insurance payouts. This would definitely affect how much to plan for.
- 6,230
6
votes
2
answers
459
views
What is a good place to park a Christmas bonus? Pay down the mortgage, TFSA or RRSP?
Many companies in Canada tend to pay out bonuses around Christmas time. If one is fortunate enough to get one this year what is the best strategy for the bonus? TFSA's have a limit of $5000 yearly. ...
- 6,230