Trending Personal Finance Discussion Tags

credit card

So I was wondering what others do with their health plan (those with a drug card). Use a credit card for cash back or make it easier and just use a drug card (no out of pocket money) I'm leaning towards using my credit card (2% cash back) and then getting paid back. Usually takes a few days or a wee...

rrsp

Is it possible to transfer SOME of an rrsp to a RRIF account? The idea is rrsp withdraw doesn't count for pension credit of 2k whereas RRIF income does. This person does not want to transfer all of their rrsp into RRIF yet.

personal income tax

I'm trying to line up everything for my return and seeing if there are any deductions I am missing. I am a typical young person. Oilfield trucker and electrician for work. Ones I've lined up so far are: - First-time home buyer - Charity donations - Trucker's deduction for being away from home (batch...

tax

Calling on any tax accountants out there. Hoping for some clarification or insight on the deduction of College of Physicians and Surgeons of Alberta practice permit fees as a self-employed individual reporting professional income. Fee must be paid by December 31st and practice permit is valid form J...

tfsa

Looking for anyone with experience withdrawing/transferring out funds from a TFSA account with Questrade, I know there are fees involved, but perhaps there are some tricks that others have found at avoiding or minimizing the cost. Thanks!

for

Is it possible to transfer SOME of an rrsp to a RRIF account? The idea is rrsp withdraw doesn't count for pension credit of 2k whereas RRIF income does. This person does not want to transfer all of their rrsp into RRIF yet.

credit cards

While I am not as crazy as some people here who apply to dozens per year, I've had a bunch in the last 14 years. My favorite so far are any credit cards related to Aeroplan Points. I fly quite a bit and able to collect quite a bit via flying in addition to sign up bonuses. ...

pc financial

How many accounts can you link? Do you still have to mail a void cheque to link?

credit

Is it possible to transfer SOME of an rrsp to a RRIF account? The idea is rrsp withdraw doesn't count for pension credit of 2k whereas RRIF income does. This person does not want to transfer all of their rrsp into RRIF yet.

and

I am trying to invest in a property with two other friends. However, I am old and not in that excellent healthy condition. What is the best way to setup the will and power of authority if I suddenly be come sick or pass away? Want to put my daughter as beneficiaries, and she is interested in taking ...

mortgage

In a chat with a mortgage broker about my financial situation, after I told her I have 7 CCs, she seriously suggested I should close some unused credit cards. As far as I know, having many credit cards won't hurt the credit score. So does the bank also consider my total available credit when evaluat...

fraud

... that my TD cards were used in BC. They loaded my card info onto Apple Pay and used them in the stores. I do not use an iPhone and I was wondering: 1) What information is required to load a valid credit card onto Apple Pay? 2) Is it pretty easy? Any verification processes?

investing

I'm hoping to purchase a house in the next 12-18 months. Everything I'm saving and putting aside is for my downpayment. Since I can't really afford to lose any of my principal, am I better off just sticking with HISA-TFSA's until after I've purchased? Or should I be making an effort to invest and po...

financial advice

hey all, just want some opinions/advice I want too do. I have a $11,00 car loan & a $15,000 student loan and make around 80k a year. My expenses are around $2000 a month, after my expenses my extra income is around $1900-$2200 a month. I just turned 24 and want to buy a house in the next 2-3 years, ...

cra

I filled out my taxes online via TurboTax. I had moved January 15th 2017. In Turbotax I used this as my mailing address. It said the CRA will find this suspicious and to log in to CRA if I need to change my address. When I went to do this it prompted me for my 2015 tax return line 101. Ive been look...

bank

Dose anyone has any experience with Canadian Tire Bank? They seem to have the highest interest rate for a 5 year GIC @ 2.50%. It is also a member of CDIC The next CDIC member (that I can find) with the highest rate is ICICI bank @ 2.05% and CIBC @ 2.00% for a 5 year GIC. http://www.redflagdeals.com/...

tangerine

I checked my tangerine chequing account today and noticed a $1 credit with "From Us to You!" as the memo. This transaction was directly after I sent an instant e-transfer which had the usual $1 fee. Does anyone know if there is some type of promotion for ...

cibc

I'm trying to decide if the payment I made was sufficient to avoid interest. The statement balance was $4315.57 on my credit card. I have a trading account with Oanda where I trade currencies. I withdrew $4400 to more than cover the balance on my credit card. I also made the minimum payment of $10 j...

taxes

I just finished my first tax return but I had a question about signing up for direct deposit? How do I do it? I notice that my T1 tax return has a section where I enter direct deposit info but do I also have to mail in a T1DD form(http://www.tpsgc-pwgsc.gc.ca/recgen/pdf/canada.pdf)? Also do I have t...

visa

I'm trying to decide if the payment I made was sufficient to avoid interest. The statement balance was $4315.57 on my credit card. I have a trading account with Oanda where I trade currencies. I withdrew $4400 to more than cover the balance on my credit card. I also made the minimum payment of $10 j...

credit score

I got my credit score and it went down 20 points. One of the reason is Number of satisfactory trades with balance - $0. I dont understand that. Help please

debt

... accrued (or maybe the provincial portion that can't be barred) with the usual fear tactics attached. They have reported a payment back in 2015, but I know that's not true at all, just shady tactics to keep the debt active. Once this is off my back I'm looking for strategy to ensure it's ...

the

... to know the answer, so I am now posting in the Personal Finance Forum hoping someone here who currently has BMO Accounts can provide the answers. 1. The Chequing and Savings Accounts are 7 digits and have a dash in between the 4th and 5th digit....I know when inputting for PAD/DD you ignore the ...

bmo

... to know the answer, so I am now posting in the Personal Finance Forum hoping someone here who currently has BMO Accounts can provide the answers. 1. The Chequing and Savings Accounts are 7 digits and have a dash in between the 4th and 5th digit....I know when inputting for PAD/DD you ignore the ...

from

So with them changing to adding some fees a little while back (albeit on fees that won't affect most of us) and them now reducing the cash back on their CC, does anyone think they're just getting started and will be making more major changes? Fortunately I don't use em for much, but if they start ti...

rbc

Hi all, Has anyone redeemed RBC rewards points as investment vouchers for registered investments? The website lets me convert, for example, 15k points to a $125 investment voucher, which I could use as a TFSA or RRSP. Do you know if the bank expects you to hold it as a GIC for a period, or can ...

banking

Hi, PCF does not offer their products in Quebec but I would like to open one. Could I go to another province (Ontario) and open one there with my Quebec address? Also, could I go to a Quebec CIBC and use their teller services for my PCF account? Thank you

question

hi i am trying to report capital loss to Revenue canda using Ufile. lets say US stock Apple , i bought 50 of apple stock @ $200 (US) on Jan 2 ,2012 and sold it at @150 on dec 20, 2016 . can someone tell me what i should fill in the fields below? Total proceed from sale of shares of property : Expens...

mastercard

I received a letter last week informing of Changes to the Scotia Momentum MasterCard. As of June 1, 2017, there will be a 2.5% foreign currency fee. Before then, when Sears sold to their credit card to Scotia from Chase they grandfathered the no forex fees. Now they have dropped that feature.

money

... hope this is the right place to discuss this! I don't have much experience managing money. I bank with TD, of which I have 4 savings accounts and 1 chequeing account. (I set it up this way because I find it easier to manage: 1 for long term (1-2 year savings), 1 for emergency fund, 1 for short ...