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  • Scotia minimum mortgage penalty

    ... say you have a mortgage that is mostly paid off, and you want to pay the remainder off early. Is there a threshold were Scotiabank will wave the penalty? Would they collect a penalty of $20? $100? Also, I was wondering how the penalty is calculated exactly. For example, many Scotia mortgage clients ...

    • sokolov
    • Dec 19th, 2020 9:23 pm
    • Forum: Real Estate

  • Scotiabank is lying on the penalty to break mortgage

    ... 2.99% fixed rate mortgage with Scotiabank. Given the rates out there, I thought I'd start looking into breaking the mortgage and paying the penalty. My issue is the following: our contract with them (signed) indicates 2.99% rate with a discount of 0.35%. But they are saying the discount ...

    • Bryan2B
    • Dec 17th, 2020 6:35 pm
    • Forum: Real Estate

  • Do you get penalty if you refinance with TD

    Already have existing mortgage up for renewal soon.Thanks

    • Redsanta
    • Nov 17th, 2020 9:11 pm
    • Forum: Real Estate

  • Penalty on ordered items after cancelling Amazon Prime free trial?

    I enabled Amazon Prime free trial last month. It is expiring in two days (I didn't know it would cover prime day sale, btw). When I went to cancel the Prime trial, it showed a warning "Items tied to your Prime membership will be affected if you cancel your membership." and I have save $60+ for shipp...

    • Jackinvan
    • Oct 16th, 2020 1:36 pm
    • Forum: Shopping Discussion

  • Penalty from old lender; didn’t get money on time?

    ... didn’t get the funds from our new lender until after 3pm but he did process the paperwork before then. Low and behold we were slapped with a $6500 penalty from our old lender. Has anyone seen this happen before? What do we do now? Our mortgage broker escalated this with our old lender and now is ...

  • Mortgage penalty calculation

    Hello all, Does any know how do the big banks calculate penalty for breaking the mortgage (variable) contract?I thought that it was 3 months interest rate (prime - %) when you have variable mortgage but I was told that calculation is done based posted prime rate. Is that correct?Thanks,

    • rsharma55
    • Oct 14th, 2020 5:48 pm
    • Forum: Real Estate

  • Why am I still in Penalty Box???

    ... being told only the Admin can actually enforce a ban and mods dont have that authority but can only make recommendations) and now... I am still in penalty box despite an infraction expiring on Sept 23rd bringing my points under 10 (limit for penalty box). What's going on with this "2nd error"? ...

    • aznnorth
    • Sep 26th, 2020 11:56 pm
    • Forum: Site Comments & Suggestions

  • Mortgage payout penalty error

    ... of doing a refinance of our principal and rental unit, since rates have gone down quite a bit and our broker had quoted us $3800 for the payout penalty on our principal. We had lumped in some debt as well in the refinance of our principal, and the rate was about 1.3% lower than what we are currently ...

    • Goodwill234
    • Aug 24th, 2020 11:44 pm
    • Forum: Real Estate

  • No NFS penalty fee for EFT?

    I made a mistake and mis-calculated the available funds. It was for quite a big transfer between the 2 banks, but my amount was off by about 1k. I transfered the day it was suppose to come out, but I guess it was too late. It failed on both sides. Anyway, I was pleasantly surprised there was no NSF ...

  • Mortgage Penalty and Renewal

    HI All,I'm currently 1 year and 5 months into my 5 year fixed term collateral mortgage 3.49%.Should I pay the penalty and renew at a lower rate now or wait?

    • tt1688
    • May 5th, 2020 10:51 am
    • Forum: Personal Finance

  • Pay off mortgage with no penalty before renewal

    How many months before renewal one can pay off the entire mortgage balance with no penalty?Apparently you have 120 days before renewal to secure a new mortgage term/rate, but how about just paying everything off?

  • RRSP withdrawals and penalty

    RRSP withdrawals and penalty I want to remove 12.5K from RRSP. Not that I require money as I have lots of cash. So tax will be like 2.5K. But I read there is penalty also. Anyone have idea the rate for that? cant find much details. ...

    • callernamet
    • Jan 8th, 2020 9:52 am
    • Forum: Personal Finance

  • Screening request for penalty ticket “P” code issued by city of Mississauga.

    My wife got parking ticket that she parked at owner property w/o permission Oct 25 3:35am! They also want to charge us Administrative penalty as we couldn't pay ticket that we didn't receive (total $80). Neither of us never been at this location ever. I submitted online screening request ...

  • CRA penalty for not filing T5

    Hi, I have a quick question, if I declare dividend income correctly on both the business side paying the dividend and the personal side receiving the dividend, does it matter if an official T5 was never issued? This happened in the first year of business last year. Everything I read is around penalt...

    • sj2222
    • Nov 19th, 2019 2:57 pm
    • Forum: Entrepreneurship & Small Business

  • Accountant incompetence, heavy penalty by CRA

    My accountant failed to file my GST/HST return for 2018 and I was dinged 1200$ in penalties by CRA. How do I recover the penalty I paid to CRA for the accountant's incompetence, are there any legal grounds on which I can claim back those funds? I wish I could disclose his firm's name ...

    • jadoogar
    • Aug 17th, 2019 12:12 am
    • Forum: Personal Finance

  • Lower penalty vs lower rate

    ... here. I am exploring my mortgage options. I narrow down to two options 1. Brokers I trust offer 2.79, 5 years fixed from non-banks (MCAP). The penalty for breaking the mortgage is low. 2. A major bank that I have relationships with offers 2.69, 5 years fixed, but the penalty is steep. I am ...

    • ffsmaster
    • Aug 14th, 2019 11:47 am
    • Forum: Real Estate

  • TFSA Over-contribution Penalty

    ... (the company he had shares in) in end of 2017 with essentially a balance of 0. In 2018 he gets a letter from CRA for overcontribution citing penalty of $4000. He pays this penalty. in 2019 he again gets a letter from CRA that he owes $8000 in penalty for overcontribution. Now the question ...

    • masarwar
    • Aug 9th, 2019 6:07 pm
    • Forum: Personal Finance

  • CRA reassessment without penalty

    A few months ago I noticed that I had forgotten to include a small amount of business income in my 2017 tax return. It was about $3000. A tax lawyer advised me to simply adjust my return for that year. Given that worst penalties outweighed the costs of doing a formal VDP, and that the chance of a cr...

    • bobz11
    • Mar 3rd, 2019 5:41 pm
    • Forum: Personal Finance

  • CRA penalty for being classified as an employee vs. contractor

    I pondering an employment opportunity with a marketing agency in Japan. I'm a Canadian citizen, living in Canada. (Note: This is through a trusted friend with whom I worked previously while living in the country.) This isn't a part-time thing, I'd be doing it as my main job and depending on it as a ...

    • Catullus
    • Feb 7th, 2019 1:16 pm
    • Forum: Entrepreneurship & Small Business

  • How to minimise breaking variable mortgage penalty ?

    Hi , My mortgage is up on renewal in March next year , and I am planning to sell my home in June next year . Could someone suggest how can I minimise my early termination of mortgage penalty ?Thanks

    • stevesingh
    • Nov 28th, 2018 9:46 am
    • Forum: Real Estate

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