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What's the general principle behind choosing saving vs. paying off debt? |
If I co-sign a loan (e.g. for a friend or family member), does it affect my own ability to borrow money due to the debt-to-income ratio? |
I was hesitant to answer this question since I don't own MLP even though I'm aware of how they work. But hear crickets on this question, so here goes. I'll try to keep this as non technical as possible.
MLPs are partnerships where a shareholder is a partner and liable for the partnership's taxes. MLPs don't pay c... |
If a person hasn't filed his or her tax return for 2009 before the cheques are mailed out in June, will they still reeive the payment after they file the return, or are they out of luck? |
Are the hst rebates only paid for the first year or will they be issued every year? |
If a person hasn't filed his or her tax return for 2009 before the cheques are mailed out in June 2010, will they still receive the payment after they file the return, or are they out of luck? |
Ontario Sales Tax Transition Benefit: Can you still get first cheque even if 2009 taxes are filed later? |
Will the HST rebates be paid each year after 2010 as well, or is this a one time thing? |
Are the HST rebates only paid for the first year, or will they be issued every year? |
How to calculate the rate of return on selling a stock? |
How to calculate the rate of return on selling a stock? |
Should your rainy day / emergency fund be in the same account as general savings? |
Should your rainy day / emergency fund be in the same account as general savings? |
Assuming you're referring to the provincial **[Ontario Sales Tax Transition Benefit][1]**, it is designed to be **temporary only**, and is directly related to the introduction of the HST in Ontario this July 1st, 2010. Refer:
> As part of Ontario's new comprehensive
> tax package, the Ontario Sales Tax
> Transiti... |
Can warrants to buy stock contain conditions or stipulations other than price? |
Can warrants to buy stock contain conditions or stipulations other than price? |
I found an answer to exactly this question at the Ontario Ministry of Revenue.
In a nutshell: **Yes** you can still get the first cheque even if you file your taxes late. The Ministry will process your payment within 8 weeks after your return has been processed by the Canada Revenue Agency. **However, don't delay ... |
Can you claim child care expenses on your tax return in the UK? |
Can you claim child care expenses on your tax return in the UK? |
Would a single mom of 6 children get more of a rebate? |
Ontario HST rebate: Would a single mom of 6 children get more of a rebate? |
The answer is **no.** Families, regardless of the number of children, receive the same benefits, adjusted (reduced) according to family income and no other factors.
Please refer to this other question for the details and supporting links:
- [Ontario special HST sales tax transition rebate cheques: When and how ... |
I am a single indiviual now....so I'd be recieving 100 in june...but im expecting in july,(will also be a single mother) so will that change come december and so on? would i be recieving 335 then? or the same amount.. |
would i be receiving a cheque if i owe canada revenue agency? |
Are you allowed to have both a 401(k) and a SIMPLE IRA? And what would the limits be on the combined total?
I have two employers but I am maxed out at one. My understanding is that I can't use a SIMPLE at the other - is this true? (The other is a small business I run.) |
I am married but is currently being sponsored, but I have a taxation number when filing taxes,under what category do I fall or infact how much HST will my family receive?? |
I am married but is currently being sponsored, but I have a taxation number when filing taxes,under what category do I fall or infact how much HST will my family receive?? |
It appears that if a household has a total income greater than $166K (I wish), there is no rebate at all. Is this a correct interpretation? |
At what top income is the HST rebate set at 0 ? |
I am not 100% sure, but I think the answer is this: You can't max out both. You could theoretically max out the SIMPLE IRA ($11,500) and then contribute $4,000 to your 401k, but your total can't exceed the 401k limit of $16,500. This also means you could max out your 401k at $16,500, but you couldn't contribute anyt... |
Is there a tax deduction for a loss due to theft of inventory in a start-up business? |
Will the OSTTB affect Employment Insurance, Social Assistance or income-tested benefits?
The OSTTB will not have any impact on Employment Insurance, Social Assistance or income-tested benefits.
as per
http://www.rev.gov.on.ca/en/credit/sttb/faq_general.html#Q23
Hope that helps |
I am not 100% sure, but I think the answer is this: You can't max out both. You could theoretically max out the SIMPLE IRA ($11,500) and then contribute $4,000 to your 401k, but your total can't exceed the 401k limit of $16,500. This also means you could max out your 401k at $16,500, but you couldn't contribute anyt... |
Would I be receiving a cheque if I owe Canada Revenue Agency? |
Ontario HST rebate: Would I be receiving a cheque if I owe Canada Revenue Agency (CRA)? |
I am married and currently being sponsored. I have a taxation number when filing taxes. How much HST rebate will my family receive? |
I am married and currently being sponsored. I have a taxation number when filing taxes. How much HST rebate will my family receive? |
I am a single individual now, so I'd be receiving $100 in June. But, I'm expecting in July (will be a single mother.) Will a change in the rebate amount come for December and so on? Would I be receiving $335 then? |
Ontario HST rebate: I'm a single individual now, but I'm expecting in July. Would I receive the family rebate amounts later? |
I often read about yield such as in this article from [Kiplinger][1], but I have not been able to find a good description of what a yield is. What is it, and why would I care as a novice investor?
[1]: http://www.kiplinger.com/magazine/archives/great-rates-in-a-lowyield-world.html |
A stocks and bond have yields, but what is a yield? |
This is a financial education question. I'm curious about why is there so much financial interest and news coverage about gold.
It's hard to do things like buy food or pay the rent with gold, but I can do this with cash. Gold doesn't yield income like bonds. When I buy a corporate stock, I have faith that the compan... |
Why does gold have value? |
I'm curious about why is there so much financial interest and news coverage about gold.
It's hard to do things like buy food or pay the rent with gold, but I can do this with cash. Gold doesn't yield income like bonds. When I buy a corporate stock, I have faith that the company will grow, prosper, sell products, etc... |
The value of a currency may be different depending on what you use for a 'value'. For example, the Japanese Yen may have a different 'value' if you are comparing it against the Euro or the US Dollar, for example.
Believe it or not, the smallest unit of currency (in terms of value of US dollars) is the Vietnamese Don... |
Married, 55, grown kids: Should I buy life insurance, or invest in stocks? The ultimate decision... |
I have a contract from July to JUne. I am a teacher. At my meeting to discuss my position in September, I will probably be told that my hours are going to be reduced and I will no longer be eligible for company health care benefits- usually I would be able to go on COBRA. THe problem is that my company is changing he... |
I think the primary reason it is so pricey now is that it is an inflation hedge, and considering how shaky the economies and out of control the spending is in many countries right now, people are running to it as a safe harbor. The increased demand raises the price as it does with any asset.
This brings us to the t... |
Gold's value starts with the fact that its supply is steady and by nature its durable. In other words, the amount of gold in the world (The [Supply and Demand][1]) is small relative to the existing total stock. This acting as a bit of a throttle on its value, as does the high cost of mining. Mines will have yields that... |
I have a contract from July to June. I am a teacher. At my meeting to discuss my position in September, I will probably be told that my hours are going to be reduced and I will no longer be eligible for company health care benefits – usually I would be able to go on COBRA. The problem is that my company is chang... |
COBRA eligibilty if employer changes providers at time of contract signing? |
As part of [introducing the HST this July 1st, 2010][1], the government of Ontario promised to issue special HST rebates to people meeting certain criteria, in order to ease the transition to the new tax.
- Who will receive the special HST rebates?
- How much are the special HST rebates worth?
- When will the s... |
I found the information I was looking for at the **Ontario Ministry of Finance.** Refer to [table 2 in the Ontario Budget 2009: Chapter III: Reforming Ontario's Tax and Pension Systems][1]. Here's an excerpt with my emphasis added:
>
> ![Table 2 - Ontario Sales Tax Transition Benefit][2]
>
> **Benefits would... |
Some friends have mentioned getting a $500 government rebate mailed to them...is it possible that an amount of $500 be payable for the HST transition...or could this be for something else? It seems to be a max of $335 from the information I've read so far?
Thks |
does each person in the same home get hst if you file your own tax? |
does each person in the same home get hst if you file your own tax? |
Does each person in the same home get the HST rebate if they file their own taxes? |
Ontario HST rebate: Does each person in the same home get the HST rebate if they file their own taxes? |
**Married couples or common-law partners** collect the larger rebate level *together,* not individually, and provided they file a tax return and have income below the family limit. The person whose tax return is processed by CRA first will receive the rebate in their name.
But, any other **single individuals** in... |
Some friends have mentioned getting a $500 government rebate mailed to them... Is it possible that an amount of $500 be payable for the HST transition, or could this be for something else? It seems to be a max of $335 from the information I've read so far?
Thks |
Ontario HST rebate: Is there such a thing as $500 HST transition cheques, or is it $335? |
Good question!
Fortunately, the Ontario Ministry of Revenue has a Frequently Asked Question that covers your case. Refer to their FAQ: [What criteria will be used to determine who is eligible for the OSTTB?][1]. Excerpt:
> The Canada Revenue Agency (CRA) will
> use the information you (and your
> spouse or com... |
If you were a resident of Canada on December 31, 2009 and filed a 2009 tax return, you are treated like anyone else and should get the benefit accordingly, subject to regular eligibility criteria. So, if you would otherwise qualify as a family, you'll get the family benefit amount.
If you weren't yet resident in Ca... |
What are the risks of associating your PayPal account to your bank account? |
What are the risks of associating your PayPal account to your bank account? |
Is inflation a good or bad thing? Why do governments want some inflation? |
Is inflation a good or bad thing? Why do governments want some inflation? |
Why are exchange traded fund (ETF) management expense ratios (MERs) lower than mutual fund MERs? |
Why are ETF MERs lower than mutual fund MERs? |
When a stock price rises, does the company get more money? |
When a stock price rises, does the company get more money? |
There are 2 categories for the HST tax credit, that determines the dollar credit ie. $300 or $1000. The categories are 1) A single person with no child or 2) Couples or Single Parents. Would a widow/widower, fit into the second category of "couples", thereby entitling them to the $1000 per year amount?
Thanks |
HST Credit: Do widowers fit into the "Couples Category" ie. $1000/yr? |
Careful! – don't mix up the [GST/HST credit][1] (or the new [Ontario Sales Tax Credit][2]) with the **Ontario Sales Tax Transition Benefit (OSTTB)**. Each is a distinct program. The first two are ongoing and called *credits*, whereas the OSTTB is a "transition benefit" or "rebate". I know, it's confusing! **:-/... |
There are 2 categories for the HST tax credit, that determines the dollar credit ie. $300 or $1000. The categories are 1) A single person with no child or 2) Couples or Single Parents. Would a widow/widower, fit into the second category of "couples", thereby entitling them to the $1000 <strike>per year</strike> amoun... |
Ontario HST rebate: Do widowers fit into the "Couples" category, i.e. $1000? |
Ontario special HST sales tax transition rebate cheques: Who, when, how much? |
As a single parent of an 18 year old, am I still considered a single parent? |
Ontario HST rebate: Does a single parent of an 18 year old qualify for the maximum payment? |
**No, sorry.** You would be considered a *single individual* for the purpose of the rebate. Refer to the Ministry of Revenue's FAQ, [Who is considered to be a single individual?][1] Excerpt:
> **You are considered to be a single
> individual, if you are single,**
> separated, divorced, or widowed, and
> you ar... |
Stocks and bonds have yields, but what is a yield? |
I have a contract from July to June. I am a teacher. At my meeting to discuss my position in September, I will probably be told that my hours are going to be reduced and I will no longer be eligible for company health care benefits – usually I would be able to go on COBRA. The problem is that my company is chan... |
What do you do when a family member won't pay you back? |
What do you do when a family member won't pay you back? |
Can my employer increase my hours without increasing my salary? |
Can my employer increase my hours without increasing my salary? |
im a single father with joint custody of my son..just wondering what rebate i will get?...the $100 or $300.... |
how does this effect single parent with joint custody? |
I'm a single father with joint custody of my son... Just wondering what rebate I will get? ... the $100 or $300...? |
Ontario HST rebate: How does it work for a single parent with joint custody? |
Is buying things on penny auctions sites like QuiBids.com a good idea? I heard you can get things very cheaply there. |
Is buying things on penny auctions a good idea? |
I believe that the fact that the company is changing health care providers should have no affect on your eligibility of COBRA - see this related question:
> Q24: Am I eligible for COBRA if my
> company closed or went bankrupt and
> there is no health plan? If there is
> no longer a health plan, there is no
> COB... |
I believe that the fact that the company is changing health care providers should have no affect on your eligibility of COBRA - see these related questions:
> Q12: Under COBRA, what benefits must
> be covered? Qualified beneficiaries
> must be offered coverage identical to
> that available to similarly situated... |
Is the HST rebate eligibility - of up to $166,00 combined income per couple- based on a gross income or the net income? |
Is the HST rebate eligibility - of up to $166,000 combined income per couple - based on gross income or net income? |
Ontario HST rebate: Is eligibility based on gross or net income? |
The [Ontario Ministry of Revenue][1] has posted a Frequently Asked Question which addresses yours exactly: [Is the OSTTB calculated on gross or net income?][2] Quote:
> The OSTTB is calculated based on the
> **adjusted family net income of the
> recipient.** Adjusted family net income
> is the sum of your net i... |
As part of [introducing the HST this July 1st, 2010][1], the government of Ontario promised to issue special HST rebates to people meeting certain criteria, in order to ease the transition to the new tax.
- Who will receive the special HST rebates?
- How much are the special HST rebates worth?
- When will the s... |
I found the information I was looking for at the **Ontario Ministry of Finance.** Refer to [table 2 in the Ontario Budget 2009: Chapter III: Reforming Ontario's Tax and Pension Systems][1]. Here's an excerpt with my emphasis added:
>
> ![Table 2 - Ontario Sales Tax Transition Benefit][2]
>
> **Benefits would... |
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