What to do with 50k
I just sold my house and have 50k to "invest", my TFSA is maxed out and I will likely be buying another house in the next 2-4 years (and plan to use the entire amount for some of the downpayment). I...
View ArticleToo much credit?
How much credit is "too much" for me? I'm in my early twenties and earn roughly 30k annually, no debt. I have 2 CC's, a visa (7500 limit) and an amex (charge card). I always pay my CC's on time and...
View Articlehelp with capital one account and supplementary card!
Hi, I need some help - I signed up online with my information the wife as a supplementary card. Got the cards today after dealing with their pin system finally activated both cards. Now, the problem...
View ArticleIs this a good idea/Is this possible?
I am an incorporated health care professional (dentist) with a remaining student loan of $140k with RBC; few months ago I incorporated myself and to date have a balance of 25k in my business account...
View ArticleIrd
Just got an e-mail reply back from First National regarding prepayment penalties. I just bought the house last October at a 5-year fixed rate of 3.04%. They said if I sold the house and port the...
View Articlecredit cards without chip and pin
i have a family member who is legally blind he has 2 credit cards ( capital one and scotia ) just he doesnt like giving out his pin when he goes to the convenient store when he has trouble entering the...
View ArticleNo more promotional rates for credit card balance transfers?
I think I got a dozen of credit cards and most of them used to offer me promotional balance transfers at rates at prime or below. However, earlier this year, those offers stopped all of the sudden. I...
View ArticleNeed advice on saving for condo
My mom and I have decided that we're going to be signing the agreement to a pre-construction condo (occupancy in summer of 2016) for 380k. She will be covering 80k which covers all but 15k of the...
View ArticleQuestion about Mutual Funds..
Hey, I'm not sure if this is thread-worthy but I've tried calling TD and did not get a confident answer. Currently I've got my TFSA invested in the TD Monthly Income mutual fund and every month,...
View ArticleIs Employee contribution to DPSP tax deductible?
Dear All, I can contribute to my employer's DPSP. My question is, can I claim my contributions to the employer's DPSP as tax deductible at the end of the year ? Thanks
View ArticleRrsp
Dear All, I''m contributing to RRSP. After 5 years of contribution if I decide to go overseas and settle for good, what will happen to the money I put in to RRSP ? Can I withdraw the money from RRSP?...
View ArticleRRSP + HBP + Self Employed + TD eSeries
Hey guys, I need some advice on my current situation. Here's what I'm thinking: I'll be buying a house next year (that's what we are aiming for but it really depends on the market) with a large down...
View ArticleDebt problem: is it a wise thing to do?
If we have some debt worth about lets say $20K, which comes from credit cards and loans, is it a wise thing to take a $20K loan over 5 years to repay all the debt? and ofcourse close all the credit...
View ArticleNew Laurentian Visa Infinite for Engineer comparison
Hi, Here's the link: https://www.laurentianbank.ca/reseau...ndex.sn?promo= How would it stack up against other great card such as CapitalOne Aspire Travel and Aspire cash?
View ArticleCredit Card interest calcuations
Was wondering if anyone knew / had a spreadsheet on how the interest is calculated... I am dumbfounded by a large interest charge on my last credit card bill that was late by a total of 3 business days..
View ArticleTook a long time to sell my condo and market fell - do I get a capital loss now?
Here's my situation, and my question is at the end. -Decided to upgrade our home size in early 2012, listed our condo on MLS in June 2012 and purchase a new house shortly afterwards -Received BC...
View ArticleCoincidence or just bad timing?
Hey there so I recently got an MBNA card + the $100 gift card for futureshop... I NEVER give my phone number out unless its needed and I've only had this number for a few months. About a week after I...
View ArticleWhat happens if you don't file your taxes one year?
I was wondering, what happens if you just don't file your taxes one year, and are owed a refund. I know CRA goes after you like a rabid dog if you owe them money, but have no idea what happens if the...
View ArticleQuestion: Spousal RRSP: Can this account be "transferred" to my individual RRSP?
My spouse made a very small spousal rrsp contribution in my name over 4 years ago, the financial instutution at that instead of opening up a new account converted my substantional existing individual...
View ArticleHome Buyers Plan - paying it off
Hi, My repayable balance remaining is $22680. I have to pay off $1620 next year; Is it possible to pay off $5000 next year [instead of $1620] ? I do put around $5000 towards in RSSP per year and rather...
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