Trending Personal Finance Discussion Tags

for

Hi I came to Canada 3 years ago to study my Master's degree and I went to TD to open an account and apply for a credit card. I knew absolutely nothing about banking at the time tbh. The rep said that since I have no credit history in Canada, I can only apply for a secured credit card and I had to fr...

to

For a personal loan of up to $35K, to be used to pay down/off other credit sources. They've sent similar emails to me before that have been pre-approved loans, but said they required the accounts that were being paid off to be closed, which I wasn't interested in. "Apply by February 14th, 2019, and ...

and

... who are considering getting married. There shouldn't be any hard feelings between would-be spouses correct? https://www.cbc.ca/news/canada/4-in-10-1st-marriages-end-in-divorce-report-1.953894 Preamble: https://www.separation.ca/blog/2017/june/what-you-need-to-know-about-prenuptial-agreement/

rrsp

I only dealt with major banks like TD, Coast Capital and RBC. Are these other financial institutes with higher interest are safe and is it worth to go with them for GIC etc?

tax

I am thinking of moving to the UK this year and being employed in the UK (no employment in Canada) and have heard all sorts of different advice on how this will impact my taxes. To clarify, I have a maxed out TFSA of $65k or so, an RRSP of about $25k, and taxable investments of about $90k, no debt. ...

credit card

I am currently in the process of obtaining a mortgage. Everything is approved (by BNS) and ready to go. We are just waiting for the house to close (in 3 weeks). At the same time, I am looking to apply for Roger's WE MC. Will applying for a MC affect my application for the mortgage (or vice versa)? M...

the

... is not reimbursing. The person actually began to reimburse small amounts, but now the person is not anymore. Up to this point, she reimbursed 15% of what she should have. She comes up with every excuse possible to not pay and I now know she is lying to me. I've already threatened her to send ...

question

Not looking for 100% professional advice, but looking for some guidance or thoughts to help me decipher this issue. Lease of a helicoptor Lessee/Lessor are both Canadian and registered Lessor will have legal title of the asset asset will be manufactured in the USA 100%, then lessee will fly it to th...

from

Like with tangerine we can add external bank. How do we do that with simplii? I don’t see in the app

tfsa

... on CRA website but many news sites show this to be $6000.00. Can one rely on those news sites and deposit $6000.00 into their TFSA on *Jan 1, 2019* and hope that they won't be penalized for amount over the limit?

on

10 or so years ago, I made a mistake and had a credit card debt of approx $7000 (debt+interest) that I shove on the side and decided not to pay. Fast forward to today, my credit score is poor (571) and now I am seeking advise on what I should do to make things right and increase my credit score. I'v...

credit

I just found out I have 50% utilization because of TD's fancy home equity mortgage (payments go into revolving LOC with a starting balance of $9,800) supposedly bringing my score down considerably. Since the interest on that is only 4% I just applied to some credit cards hoping to increase my overal...

personal income tax

... income tax brackets and eliminate Ontario’s personal income surtax. Under current rules, a person earning $95,000 in Ontario pays $6,946 or 7.31% in taxes. Under the simplified brackets, they’d pay $7,114 or 7.49%, an increase of $168 a year. The changes would come into effect July 1 and impact ...

tangerine

Got the annual Tangerine RRSP loan offer. This year is not as good as previous years but I was offered $15,000 at 2.75%...... Here is the email : You take saving for retirement seriously. So do we. That’s why we’re making it easier to save more and earn more in your Tangerine ...

in

I got 2 spots but only 1 car. Apparently, I can get 100+/month. Also, I found someone who wants to store their summer car. thoughts...

cra

I have been waiting on a tax reassessment after submitting a T1-Adjustment slip last March. I waited until August at which time I got a mail from CRA that the reassessment had been delayed (to an unknown date). I've been following up with them monthly since then and each time, I am told that an inte...

bank

Long story short, my in-laws need access to the equity in their home for a renovation they're going through, and applied for a HELOC through a Big 5 Bank beginning of December. Well the employee they were dealing with kept telling them everything was good, but then after a few weeks didn't get back ...

credit cards

Whats the best way to switch credit cards with out affecting credit score that much? I.e I want to shut down my main credit card with a $30k limit but I dont want to lose the credit history? Is that even possible? Do I pay it off and keep it open still for 6 months or whatever? Or do I do a hard swi...

pc financial

Anyone know if the cheque with the PC financial logo is still valid? I have a whole unused cheque book from 10 years ago

taxes

I am currently taking courses through a U.S. based university. If I want to claim tuition/courses taken through a U.S. institution this year on my tax return, do I claim the U.S. amount or the amount converted into Canadian dollars? Can I also claim the credit card service fees? I assume I won't be ...

mortgage

I am currently in the process of obtaining a mortgage. Everything is approved (by BNS) and ready to go. We are just waiting for the house to close (in 3 weeks). At the same time, I am looking to apply for Roger's WE MC. Will applying for a MC affect my application for the mortgage (or vice versa)? M...

best

Was wondering what's the best way to send money to Laos? (over $1000 CAD). Western Union is expensive, and it seems Xoom, Worldremit, TransferWise, all do not send to this small country. An alternative is to send cryptocurrency (Bitcoin/Ethereum, etc), but we do not know if they can convert it into ...

account

Hi, I opened a TD Cross Border account last September 2018, but decided not to use it and did not activate the debit card. I thought, they will just close the account after 45 days after it is not funded with no penalties. Last week, I received a letter that it is closed and have an overdraft fee of...

how

Like with tangerine we can add external bank. How do we do that with simplii? I don’t see in the app

money

... is not reimbursing. The person actually began to reimburse small amounts, but now the person is not anymore. Up to this point, she reimbursed 15% of what she should have. She comes up with every excuse possible to not pay and I now know she is lying to me. I've already threatened her to send ...

cibc

Sorry if repost or maybe I simply forgot the new terms, wife went to Fortinos and took out $20, it showed a $23 withdrawal and $1.50 bank fee. I haven’t been in there so long to withdraw cash, don’t know if they are still PCF machines or what. Wife called Simplii and will be refunded $4.50, ...

what

What are **currently** the best savings account interest rates being offered by financial institutions?

rbc

Hello, To make things short, I inherited about $30,000 when my mom passed away, I was only 10 years old so I had no control over the funds, i'm 26 now. The money was invested so randomly in Coast Capital and I have left it there, it's been like decades now and the money has grown significantly. It's...

credit score

I just found out I have 50% utilization because of TD's fancy home equity mortgage (payments go into revolving LOC with a starting balance of $9,800) supposedly bringing my score down considerably. Since the interest on that is only 4% I just applied to some credit cards hoping to increase my overal...

can

... The reason why I want to deposit $500 rrps every month 1.tax credit 2.HBP can withdraw 25k from rrsp it is maximum i heard that after withdrawing, i can pay just tax instead of putting money back. for 15 ...