Double Taxation Exemption - Receiving payment from Italy
Hey guys, I'm wondering if there are any international finance gurus who are able to help me out of a situation. I have been contracted by a publisher in Italy to provide a photograph for the cover of...
View ArticlePay off student loan or claim the interest?
Just bought a house and my partner has $6k in student loans. We have the cash to pay it off, but were unsure if we should. Can she claim the interest she pays on the loan in its entirety? I believe the...
View ArticleMortgage renewal
Hi My mortgage is coming for renewal. I have a mortgage of $110000. It has an amortization period of 10 years. Which brings the monthly payment to $1060. When I asked the person who was assigned by...
View ArticleCredit Report
Hey guys I'm looking at leasing my condo out to a stranger (someone from kijiji). Is there a way I can run some sort of credit report to see that their financial standing is good and they are able to...
View ArticleBuying a house from a builder/developer - seeking advice
Me and my wife are contemplating buying our first home. We'd like to buy a new construction and hoping to be able to modify the design a bit to get a house we need, not a house design that's for sale....
View ArticleCan I deduct interest from the down payment portion?
Recently, I purchased a condo with 75% mortgage for investment. The 25% down payment was from the borrowed money from HELOC and 0% interest credit card promotion. Even though I do have money sitting in...
View ArticleTD Access Card and PayPal
Hi, I created an ebay and paypal account recently and I was wondering if I can use my TD Access Card with PayPal? This is my only card and so I do not have a credit card. The TD access card that I own...
View ArticleTFSA for a down deposit
Hi there, I am a recent graduate with a job paying $36.5k/year right now. I currently have approx. $5,000 in savings and am able to save about $1,200 or so per month. In 2-3 years my wife and I would...
View ArticlePersonal Finance Planner
Hi Guys, I believe I need some help organizing my finance and especially planning for my future and mortgage. What would you guys suggest me to do? Should I be looking at the big banks' Financial...
View ArticleGetting a liquor license in Ontario with criminal record?
Hey all, a friend of mine is inquiring about liquor licensing in Ontario and more specifically, obtaining one with a criminal record (possession with intent to distribute). The intention for the...
View ArticleTTC Metropass public transit tax credit
Hi all, Just wondering - if I'm looking to claim my TTC Metropasses on my tax return this year, am I required to retain the actual (physical) Metropass itself for audit purposes? Or would a credit card...
View ArticleFirst time investing
Hello RFDers, For the first time in my life I have enough disposable income in my bank account that I think I can start investing in a savings account. I've never had anything more than a simple...
View ArticlePC Financial Changes April 2013
Got home today to find some mail from PC Financial. Open it up and looks like they are changing a few things started April 2013. I'll have to scan it tomorrow when I get to work But the main change...
View ArticleTD e-series dilemma
Hi all. Question for the experts here. I have an existing TD e-series mutual fund account that I converted last year from a regular TD MF account. I now have an investment that I'd like to transfer...
View ArticleRRSP & Mortage
I came across article that you can invest RRSP in your own mortage HERE. I am not very clear about it. Anyone tried it and please provide some feedback. Is there any down side to it? How does one...
View ArticleRecommend me a credit card
Background: I currently have a TD Rebate Rewards VISA and have been using it actively for 4 years now. I have never missed a payment and my current limit is $2500. I recently graduated from university...
View ArticleNo taxes done last 5 years
My gf's brother has not filed income taxes in 5 years. What is the process from here to file them, he does not have any paper work and some of the places he worked at closed down. The first 3 years he...
View ArticleWant to start up a tfsa and resp....where should I open an account?
Like the title says, I'm looking to get started with a self directed resp and a tfsa. I'm just starting out so I'll be looking to do monthly contributions, and I'll most likely be buying index funds...
View ArticleBuying a Cottage in Quebec as an Ontario Resident.. Tax Implications?
As the title reads, I'm thinking of buying a cottage in Quebec while I work and own a house in Ontario. Does anyone know the tax and legal implications? Thanks for any advice!
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