Trending Personal Finance Discussion Tags

for

My insurance with Belair Direct is coming up. Went up 6.31% this year to $2,100 per year. Called around a few places and got quotes all over the place. Lowest is Square One insurance at ~$1,450. Small outfit based in Vancouver and bad online reviews. ...

to

I realize this sounds fairly bizarre, but I have a somewhat shaky marriage, and I've made $35k in weed stocks so far this year. We have never combined our financials because I was terrible with money when I was younger, and we each pay half of the house expenses into a joint account that pays the bi...

rrsp

I inadvertently overcontributed 4K - and withdrew it - in 2017. However, I also used the 2018 limit. Anyone know what I have to do? I think there is a T746 form but I can't find it in Studiotax

and

... having issues with my landlord and have contacted a community lawyer and landlord tenant board about my issues. I'll start from the beginning .... 1: Decided to move due to issues in this apartment building *cough bugs and scum landlords* and needing an extra bedroom for my second son not to mention ...

tax

Hi RFD'ers, we have recently received notices from CRA saying we have owe them money(which is something we can not agree on based on the reasons and details provided), and this is obviously above my accountant's head in case like this. i am hoping to get a few recommendations on tax litigators so i ...

credit card

... travel rewards. Anything good out there? I'd prefer the straight up points system (at least 2% value) and not the 3% on gas, groceries, etc and 1% on everything else (which pretty much is everything). The business platinum AMEX seems a bit pricey for lounge access; besides the one time $400 ...

tfsa

If I had about $10,000, is it better that it's at 2.0% in a savings account OR is it better in a TFSA at half that interest because I don't have to pay tax on the interest?

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 ...

credit

Hi everyone: I would like to be able to see my credit release, perhaps from TransUnion. When I try to obtain a release on their website it fails to authenticate me (I don't know why). I phoned in and got same result. By mail, you must mail in copies of Photo ID, and I refuse to do that based on Equi...

the

I opened an unsecured personal line of credit with Scotiabank today and the interest rate is prime + 2.5% which is currently 3.45% + 2.5% = 5.95%. Is this a good deal? Are there lower rates for unsecured personal LOCs out there? Thanks.

question

If I had about $10,000, is it better that it's at 2.0% in a savings account OR is it better in a TFSA at half that interest because I don't have to pay tax on the interest?

from

I have a personal line of credit with Simplii and I was wondering If it’s possible to increase the amount that I can borrow. I currently have $5000 and while I don’t need to increase it now I might need to have more in the future. Its interest rate is significantly lower at 6.70% compared to 19.97% ...

tangerine

I'm waiting for payment from a buyer who sent email money transfer via Tangerine. I thought it usually takes 30 min but it's been 2 hours already. Does the time it takes depend on the amount sent? Previously I received smaller amounts, up to $200. But this is a larger amount.

cra

If someone fails to report income on a tax return, will they get both the "Repeated failure to report income penalty" and "Gross Negligence" penalties applied at the same time? Or is it just one or the other?

on

If I had about $10,000, is it better that it's at 2.0% in a savings account OR is it better in a TFSA at half that interest because I don't have to pay tax on the interest?

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...

bank

Guys, Can you recommend a senior friendly bank account?

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

in

I realize this sounds fairly bizarre, but I have a somewhat shaky marriage, and I've made $35k in weed stocks so far this year. We have never combined our financials because I was terrible with money when I was younger, and we each pay half of the house expenses into a joint account that pays the bi...

taxes

Hi, I live in BC and I purchased an item from a US online store that ships to Canada (they collect the taxes when you check out). To save on taxes I got it shipped to Alberta and went and pick it up. Now I want to do an exchange and get another item that is slightly less in price but I want to get i...

mortgage

Its mortgage renewal time. Say you have 55k , would you pay down a mortgage of 240k so it becomes 180k (2.45 variable rate 5 yr fixed ) on a rental property that is renting for 2500 a month (property tax 380 per month and home insurance 70 per month only real expense for landlord) . Interest for mor...

cibc

... for day-to-day banking (chequing), low to no cost overdraft * accounts I would need: chequing, chequing USD, RRSP, TFSA, RESP.. * I'd like a tier 1 credit card to accumulate points (right now I have HSBC Premier Mastercard), mastercard is my preference as I like to collect Costco points but if ...

money

... is fine - except that returns on investment seems not too good). In particular, I have cashable GIC - and I think they will return, at most, 1.10%. Now, I was looking at another option (scotia bank), and I see they have these momentum things: http://www.scotiabank.com/ca/en/0,,11823,00.html ...

fraud

... Basically, it's a note that says "this person is a victim of fraud, before extending a credit application to them make sure to call them at 416...". Now, I want to apply for an MBNA credit card online. I don't want to do it on the phone in order to get GCR rebate of $60. I just called MBNA ...

account

I will go aboard for a long time (maybe couple years). I have a TD all inclusive chequing account with a miminal $5000 to avoid monthly fee. I will not use this account for a long period and want to close it after I go aboard (because my TD credit card has benifits to travel aboard. I will close my ...

how

Hi there, Noticed my credit score had a rapid change during the past couple months. (haven't really checked the score in the past few years) It increased quite a bit, so no real concern, but still wondering why. No new loan, no new mortgage, only thing I can think of is I upgraded two of my credits ...

best

We're going to be opening a savings account for our 12 year old. I see most banks have free accounts for students but beyond that are there other things to consider? Anyone have good/bad experiences? thanks in advance

credit score

Hi there, Noticed my credit score had a rapid change during the past couple months. (haven't really checked the score in the past few years) It increased quite a bit, so no real concern, but still wondering why. No new loan, no new mortgage, only thing I can think of is I upgraded two of my credits ...

debt

I have 10K in CC debt with RBC @ like 19-22% and i got approved for 35K LOC with Maridian @ 7.9% should i take it or should i shop around at banks for a lower rate? Thanks,

rbc

Financial Times By Martin Arnold The head of Canada’s biggest bank believes it must diversify well beyond financial services to remain directly relevant to customers and survive in a world where big technology groups are encroaching into its markets.  Dave McKay, chief executive of Royal Bank of Can...