Trending Personal Finance Discussion Tags

to

... to my mortgage and paying it off in 6 years? I'm not entirely sure how to calacute the compound interest. The interest rate I'm being offered is 1.7%. Any advice would be appreciated!

for

... to my mortgage and paying it off in 6 years? I'm not entirely sure how to calacute the compound interest. The interest rate I'm being offered is 1.7%. Any advice would be appreciated!

and

I'm seeing some inconsistencies over several of my pay stubs when it comes to RRSP/DPSP, so I'm hoping to get some answers. For those that enrolled in their employer's RRSP/DPSP, does the DPSP get added to your total gross earnings and the RRSP get added to the total deductions part of your pay stubs?

tax

Let's say someone bought a home for $500k and lived in it as their primary residence. Years later it's worth $1M. They buy a new home but want to keep their old home and turn it into an investment property. If they were to do this and later sell the home, would the full $500k be a taxable gain? Or o...

in

Their rates are good, but I cannot get a hold of the "Account Manager" through E-mail or phone.

rrsp

Wanting to know how best to withdraw from RRSP to minimize taxes in the future. Is a simple way of viewing this, add up what you think you might get from CPP and OAS (no employer pension, am I missing anything else) and whatever I plan to withdraw from a RRSP in a given year - as long as this is in ...

the

I have a bank account which I do not use it. the balance is 0. I cannot close it online by myself. Also I do not want call them since the waiting time is so long. Can I leave it as is, and it will be auto close by bank? or I have to do something?

from

How do I do this? I see option “TD CAN.TRUST LOC STUDENT LOC” in bill pay, but it asks for 15-16 Digit number that can be found on the credit card. My loc number is either 7 or 12 digits long and it’s not student loc. Help? Thank you.!

on

I have read conflicting information on RFD concerning this issue. Equifax and Transunion seem to behave differently. While Transunion has removed a collections account (roughly 6 years), it remains on my Equifax report. I'm trying to figure out exactly when this this is going to be removed. I also a...

question

Let's say someone bought a home for $500k and lived in it as their primary residence. Years later it's worth $1M. They buy a new home but want to keep their old home and turn it into an investment property. If they were to do this and later sell the home, would the full $500k be a taxable gain? Or o...

credit card

I tried charging my laundry card online and turned out it's not something I can do in my residence. So I called to the laundry machine company and they said the payment was pending, I could either just wait for the payment completed and call them back, or just call to the credit card company and hav...

credit

Hello , My previous employer ( large enterprise) overpaid me in December of last year and couple of weeks ago, they sent me a letter asking to pay that money back. I advised them that I’m going through some hardships during this covid time and can’t pay back right now. They sent me to collections an...

tangerine

Their rates are good, but I cannot get a hold of the "Account Manager" through E-mail or phone.

cra

Paper copies from now on.

tfsa

Hello, just a simple quesiton, want to transfer SOME of my Direct Investing TFSA into my Personal Banking TFSA, like maybe 5 grand or so. What is the BEST way to do so? or maybe i should move ALL of it? I am kind of DONE with Direct Investing, its very time consuming and someone with a busy lifestyl...

bank

I have a bank account which I do not use it. the balance is 0. I cannot close it online by myself. Also I do not want call them since the waiting time is so long. Can I leave it as is, and it will be auto close by bank? or I have to do something?

account

I have a Tangerine account. Under the Move Money menu, there is the option to 'link' an external account to the Tang account. Well................. so what? If I give Tang my account and transit numbers from Big Bank, does that authorize my Big Bank to transfer $$$ to Tang, or vise versa, and by whi...

best

Hello I have a good amount of money (6 figures) in a savings account that I don’t need until September 2021. Wondering if anybody knows of a short term investment strategy to maximize returns? I’m thinking my best option is to find a high interest savings account and hold it in there, but thought I’...

what

I have a Tangerine account. Under the Move Money menu, there is the option to 'link' an external account to the Tang account. Well................. so what? If I give Tang my account and transit numbers from Big Bank, does that authorize my Big Bank to transfer $$$ to Tang, or vise versa, and by whi...

personal income tax

If my company let's me buy a new laptop and re-reimburses me as a business expensive, do I have to declare the value as income if I'm keeping it?

mortgage

... or another for various subjects. so now I turn to you again for some advice. I am currently with tangerine for my mortgage, 2.79% 5 years fixed (3 1/2 years left) They now have 1.74% for the same term, if I switch to this I will incur a 2000$ penalty If i would like to blend and extend the rate ...

you

So I was talking to my friend about Spotify (he has a monthly plan) and this got me curious: with so many online services out there, what do you pay for? Here are some of the popular service that come to mind. Please don’t include regular household or necessity bills like hydro, cellphone, Gym etc. ...

how

I have a bank account which I do not use it. the balance is 0. I cannot close it online by myself. Also I do not want call them since the waiting time is so long. Can I leave it as is, and it will be auto close by bank? or I have to do something?

can

I opened a tfsa a few days ago...is it too late to cancel? id like to put it back in our savings account.... The bank is TD. i know there will be a "fee"/penalty. i already feel stupid for doing this so please...dont rub it in. it was just a mis communication between hubby & me. i figured there may ...

money

I need to send about $1700 CAD to Taiwan. I have looked at Transferwise but unfortunately they don't do New Taiwan Dollar =( May I know what other options out there that give me a decent rate and less transfer fee? Thank you.

taxes

Hi everyone, we have 1 kid (14 months) and just learned we are expecting a new baby around may 2021 (yay) So this year we did our taxes for 2019 (around 100k together) saying we had 1 kid in charge (first time doing taxes with a kid) ...

canada

Hi there, can anyone recommend a safe and reliable way to transfer money from my Canadian bank account to my bank account in HK? I am currently with CIBC and am thinking of using the "global money transfer" but have heard bad experience about it. How about transferwise? What do you guys usually use?...

usd

Does anyone know of a good way to transfer money from the US to Canada, without converting USD? I work for someone who is based out of the U.S. and they currently transfer money to me via PayPal, which automatically converts into CAD, which I don't want. I have a USD RBC account and was just wonderi...

credit cards

Looking for recommendations for credit cards in the fair category 560-650 if there is any? I have the cap one secured and the triangle MasterCard and would love to add another but I'm not sure what to go for if you have any suggestions and approval scores would be awesome

how to

Hi there, I was wondering what is the best way to (Instant) transfer say $5 or $10 From USA to Canada OR from Canada to USA? I checked Simplii, they said we'll need to use Global Money Transfer that may require additional banking info. Simplii said e-transfer is only within Canada. How do friends tr...