Rental income - tax question
So I worked in Canada on a temporary work visa last year for the full year. This will be my first year filing. I bought an apartment in the UK in November 2012 for my disabled Mother and brother to...
View ArticleSell in May and go away?
I've always thought it was a bit of a myth, but the Globe and Mail mentioned some interesting historical numbers: "Thackray’s 2013 Investment Guide notes that a portfolio invested in the S&P 500...
View ArticleRRSP vs TFSA
Hi guys, Wondering if there is any value in opening up a TFSA when one already has a RRSP? Any advantages? Any disadvantages? Unsure.
View ArticlePersonal Financial Advisor vs Bank Financial Advisor
I'm about to come into about $40K from a severance package. My wife and I currently do not have any RRSPs (of value) and she is quitting her job to stay at home. We are in our mid-30s so I want to...
View ArticleCost to Buy Cheques
Recently went online to order a few cheques from TD Canada Trust. Sticker Shock!! Cant remember exact numbers but something like $34 for 50 single cheques. I still remember the days when we could write...
View ArticleMortgage renewal, short term - Should I be looking out for anything? Today's...
Hi all, I don't normally visit the Personal Finance subforum so excuse the newbie-ish question. You are most welcome to direct me to pertinent links or previous topics where someone was in the same...
View ArticleHelp with my personal finance, I have no direction!
My story is that I am a pretty good saver, however I dont do anything with the money. It basically sits in my chequeing account doing absolutely nothing for me, but as OCD as I can be at times I just...
View ArticleRental Property Question
Hi Guys, This might be a dumb question... I have a rental property on a 35 year amort. Cash flow is good... I currently live in one unit. I'm looking to get something new, however with 25yr amorts I...
View ArticlePrivate Mortgages in buyers Market
The real estate market is changing. Atleast, here in BC. YTY Sales are down. Mortgages hard to qualify. We can discuss the pros and cons of private financing. Your experience in buying real estate with...
View ArticleConfused by XE Trade rates
Hello, Im Canadian but have just moved from Australia to the UK and want to move my money from my Australian to British bank account. I wanted to avoid big bank fees and so went through the lengthy...
View ArticleHome Buyers' Plan question
The plan states that "You have to intend to occupy the qualifying home as your principal place of residence no later than one year after buying or building it." Does it mean if I rent out the home...
View ArticleChase Credit Cards - Changing product (eg. Marriot Rewards -> Amazon.ca Visa)
Looking to apply for a credit card with no foreign exchange fees. Amazon.ca Visa looks like the way to go, but the Marriott Rewards Visa is far superior with much better sign-up and annual bonuses. Any...
View ArticleWhat a waste of a credit bureau hit RBC
Bah, my dealings with RBC have been becoming worse and worse over the years/recent months as I seem to always have nothing but negative things to say. During a recent call (3 days ago) to RBC to speak...
View ArticleRRSP/Home Buyers Plan
Currently in the process of trying to find a house to purchase. I have about 50K saved up in the bank currently to use for the downpayment. Is there any advantage to deposit this into an RRSP and then...
View ArticleAny way to request for lowering of interest rates on some credit cards?
Besides paying them completely down and availing of lower interest promotional offer, is there anyway to lower interest rates on some of my credit cards? I'm thinking of just converting my CIBC and RBC...
View ArticleSIN card, drivers licence and health card stolen abroad. What to do?
Hi there, My sister studies abroad (UK) and forgot her wallet at a retaurant, when she went back for it, it was gone. It had 2 credit cards, her bank card, drivers licence, health card and SIN card....
View ArticleGST credit
Did you receive your quarterly GST credit deposited via EFT yesterday (April 5)? Just wondering if there is a processing delay.
View Article2011 T5 Considerd Cumlative Net Investment Loss?
Hi I never seen this before but this could be because I never used H&R blocks software before but for some reason it creates on import a CNIL when I import my last years taxes in(I did it with...
View ArticleWARNING - Copy and Paste Problem with Studio Tax (Public Transit)
Hi Last year I tried Turbo Tax Standard Desktop software and liked it but since they took away free tax support I decided might as well try H&R Block Deskop software as it was half the price and...
View ArticleMBNA SC 2% vs CIBC Petro-Canada MC 7cents off/ Liter
currently have the MBNA SC 2% - dang do I miss the days of 3% and 5% at first 6 months... anyway was told by a friend about CIBC Petro-Canada mastercard 2cents off & 5cents off on 200 Liters if use...
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