instruction stringlengths 15 21.6k |
|---|
The [Ontario Ministry of Revenue][1] has posted a Frequently Asked Question about your situation:
[I am single and my ex-spouse and I share custody of our child. Will I receive the OSTTB payment at the family rate or the single rate?][2]. Quote:
> The parent who is the primary
> caregiver of a child on the spec... |
What happens if one spouse has filed their taxes and the other has not, do you still get the family HST rebate cheque? |
Do you still get the HST cheque if only one spouse has file their taxes? |
What happens if one spouse has filed their taxes and the other has not? Do you still get the family HST rebate cheque? |
Ontario HST rebate: Do you still get the HST cheque if only one spouse has filed their taxes? |
This is an interesting question. I couldn't find definitive information on it, so your best bet for a certain answer is to [call the Canada Revenue Agency at 1 877 627-6645][1].
However, here's my thinking on the subject:
- As a couple, it's possible to receive **no** HST rebate benefit **if family net income e... |
Is buying things on penny auctions a good idea? How do penny auctions work? |
Inflation, like trade deficits or surpluses, have winners and losers in an economy. Clear losers are people who are on a fixed income, as they often have a fixed income and a prices keep on going up, meaning they can afford less. Numerous articles on the internet discuss the inflation of the 1970s, here are [Google's ... |
Ontario harmonized sales tax (HST) transition benefit rebate cheques / OSTTB: Who, when, how much? |
I have been looking and can't find any info on whether HST is applied to college / university tuition. If so, can I pay by the end of June to avoid it? |
Is the HST going to effect college or university tuition fees? Can I pay early to avoid it? |
Is the HST going to affect college or university tuition fees? Can I pay early to avoid it? |
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... |
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... |
I found an [answer at Canada Revenue Agency][1] that addresses this directly. Quote:
> **24. I have an outstanding debt with the CRA and didn't receive my GST
> credit because I owed money to the
> government. Will I receive my OSTTB
> payment?**
>
> ***Yes.** The OSTTB payment cannot be applied against other... |
I probably wouldn't turn down a raise, but there are some circumstances in which you might hesitate. Having a disproportionately high salary for your type of role or the value you are providing to the company makes you an attractive layoff target in an economic downturn. I've heard anecdotally of lots of corporate lawy... |
Is the HST rebate taxable? |
Ontario HST Rebate: Is the HST rebate taxable / to be included in one's income? |
I was reading about a popular pension used in Texas called Teacher's Retirement Statement. Their [latest annual report][1] had a loss of $16B on a line item called "Net Depreciation in Fair Value" (see page 4). This is frightening news of all the poor teachers in Texas because the pension only had a net value of $104... |
What does "Net Depreciation in Fair Value" mean on a financial report? |
I don't owe the Ontario government anything - not even student loans - but I do have a defaulted Canada Student Loan in default. Can they take my transition rebate? |
Ontario HST rebate: Canada Student Loan debt in default. Can they take my transition rebate? |
I recently was married in April 2010. I received my hst credit of $100 as a single and my husband didn't receive any but as a couple we would qualify for the $330. Can I change to the married status or is it based on last years income tax?? |
Newly married - can I change to married status for hst credit? |
I recently was married in April 2010. I received my HST rebate of $100 as a single individual, and my husband didn't receive any. As a couple we would qualify for the $330. Can I change to the married status or is it based on last year's income tax?? |
Ontario HST rebate: Newly married. Can I change to married status for HST rebate? |
**To receive the higher benefit based on your new status, you'll need to contact the Canada Revenue Agency and inform them of the change**, since they are still assuming you are not married based on your last year's tax return.
Refer to [this question at the Ministry of Revenue's FAQ][1]. Quote:
> **What criteri... |
First, the annual report is just that, a snapshot that shows value at the beginning and end of the period.
Beginning = Aug 08 = $105B
End = Aug 09 = $89B
Newsletter date May 10 = $96B
Odd they chose end of August as it's not even a calendar quarter end. The $16B was market loss during that period. Nearly... |
The maximum annual contribution limit to a TFSA is $5000 per year. This makes it a good emergency fund vehicle. If I:
- transfer money out before the new $5000 contribution credit starts for a new year do I have to wait before replacing the money?
- transfer money from one institution to another do I get report... |
How does the 1% penalty on TFSA transfers work? [Canada] |
QuiBides has a description of [how the process works][1].
Simply put, every bid costs money (60 cents to place) so when you win an item for $20 that's worth $100, there may be 200 bids that were not won, but the company pockets. The concept is a huge turn off for me. Too much like gambling.
[1]: http://www.qu... |
If my TFSA is worth $25000 and I only put in for 2 years ($10000), can I withdrawal the $25000 and put it back in later, or am I only allowed to put the original $10000 back in? (assume this withdrawal and subsequent redeposit is done in the same calendar year) |
**Update** - clarification to potential penalty situations.
The maximum annual contribution limit to a TFSA is $5000 per year. This makes it a good emergency fund vehicle. If I:
- transfer money out before the new $5000 contribution credit starts for a new year do I have to wait before replacing the money? Or ... |
Why Am I Having Such A Hard Time Getting a Credit Report? |
I currently have a secured credit card with $300 secured. I thought this would be a good approach to establish credit, so I started using it with the intention of fully paying it off after closing date. I put about $200 on it, but now Mint is warning me that since I'm using 64% of my credit, this could lower my score. ... |
When Is Using Too Much Credit Bad? |
Why are you having trouble getting your credit report? The only site you should go to for a credit report is annualcreditreport.com.
Here's my advice. Ditch BofA. Join a credit union. Check your credit report to see if there is any mistake that could lower your eligibility. Talk to someone from the credit union... |
I have an older relative that I am going to help in managing their money. His income is fine to live on. In terms of assets, he has about $250k in a variety of separate CDs, stocks, checking accounts, savings accounts, etc. Overall, he is not getting a very good return and, because of his age, his record keeping is ... |
The following is from Wikipedia (with very minor editing)
> Blockquote
Because term life insurance is a pure death benefit, its primary use is to provide coverage of financial responsibilities, for the insured. Such responsibilities may include, but are not limited to, consumer debt, dependent care, college educa... |
First off, I recommend that you determine your current Credit Card balance, and how long you expect it will take to pay it off. Figure out how much of your payment will be going towards the CC's interest, and how much interest you will be paying in total. You need this info to make an informed decision.
Now you ca... |
As the leading edge of the baby boomer generation edges into retirement age, is there enough funds in the Canada Pension Plan (CPP) to cover the needs of this populous generation? Do special measures need to be taken by the Canadian Government to avoid a shortfall? What measures do individuals need to take if there i... |
Will there be enough money in the CPP to cover baby boomer retirement? [Canada] |
Do common-law couples qualify for the couples rebate? |
Ontario HST rebate: Do common-law couples qualify for the couples (family) rebate? |
**Yes.** Refer to the Ontario Ministry of Revenue's FAQ titled [Who qualifies as a family?][1] Quote:
> **Who qualifies as a family?**
>
> Married couples **or common-law
> partners (with or without children)**
> and single parents will qualify as
> families. *[emphasis mine]*
Of course, you ought to have... |
The following is from [Wikipedia - Term life insurance][1] (with very minor editing)
> Because term life insurance is a pure
> death benefit, its primary use is to
> provide coverage of financial
> responsibilities, for the insured.
> Such responsibilities may include, but
> are not limited to, consumer debt,
... |
My husband is American and does not file Canadian taxes. Will I still qualify for the HST rebate? |
**Your husband need not wait until he receives permanent resident status** to file his Canadian income tax. Refer to [Canada Revenue Agency - Newcomers to Canada (immigrants)][1]. Quote:
> **Residency status**
>
> You become a resident of Canada for
> income tax purposes when you establish
> significant resid... |
Ontario HST rebate: My husband is moving to Canada and does not yet file Canadian taxes. Will we still qualify for the HST rebate? |
hst cheques are for ontario res. only ?thought it was canada, i live in QC. so we don t recive a cheque? but well half to pay the hst on all iteams purchesed? |
HST cheques are for Ontario residents only? Thought it was Canada. I live in Quebec. So we don't receive a cheque? But will have to pay the HST on all items purchased? |
Ontario HST rebate: I live in Quebec. Are the rebate cheques for Ontario residents only? |
I know this differs from country to country, from person to person (depending on how much you already have saved), but I'm curious about the simplest example.
Let's say I have little to no money.
I can:
- get a loan and buy a house, or
- I can live for the rest of my life in rent and save the extra money (i... |
In general, is it financially better to buy or to rent a house? |
The general answer is: "it depends on how long you want to live there".
Here is a good calculator to figure it out:
http://www.nytimes.com/interactive/business/buy-rent-calculator.html
Basically, if you plan to move in a a few years, then renting makes more sense. As an example, during the real estate bubble, a... |
The general answer is: "it depends on how long you want to live there".
Here is a good calculator to figure it out:
http://www.nytimes.com/interactive/business/buy-rent-calculator.html
Basically, if you plan to move in a a few years, then renting makes more sense. As an example, during the real estate bubble, a... |
I have to go on EI because I am having surgery and was wondering if I still have to wait the 2 week waiting period they make you wait til you can receive benefits or do they waive that 2 week waiting period because I'm having surgery as the reason for going on EI? |
On Canadian EI do you still have to wait 2 weeks to receive benefits if you're having surgery or will they waive the 2 week waiting period? |
The general answer is: "it depends on how long you want to live there".
Here is a good calculator to figure it out:
http://www.nytimes.com/interactive/business/buy-rent-calculator.html
Basically, if you plan to move in a a few years, then renting makes more sense. It is a lot easier to move from an apartment wh... |
Does anyone know if mortgage interest, mortgage insurance and property taxes are deductible for not only federal but state income taxes? |
Is mortgage interest tax deductible for not only federal but state income taxes? |
Does anyone know if mortgage interest, mortgage insurance and property taxes are deductible for not only federal but state income taxes?
This may be a state-by-state issue, but if anyone has experience in a particular state or can find the information for all states, it would be appreciated. |
The general answer is: "it depends on how long you want to live there".
Here is a good calculator to figure it out:
http://www.nytimes.com/interactive/business/buy-rent-calculator.html
Basically, if you plan to move in a few years, then renting makes more sense. It is a lot easier to move from an apartment when... |
The general answer is: "it depends on how long you want to live there".
Here is a good calculator to figure it out:
http://www.nytimes.com/interactive/business/buy-rent-calculator.html
Basically, if you plan to move in a few years, then renting makes more sense. It is a lot easier to move from an apartment when... |
My mortgage is due on the 1st. I was told paying a week after the 1st to match my paychecks wouldn't be a problem. In fact each and every statement has a date where if I pay after that date, I owe a small penalty but I am not reported on my credit history as late.
The past couple of months I have been getting a ph... |
Mortgage Due Date versus Late Payment Penalty - Can the loan company call me daily? |
About 5 years ago, I left my job, after being there only a year. I had a retirement plan at work that apparently had a 3 year vesting period. I did not know that. Apparently the employer did not notify me of this and I have been getting statements in my 403(b) retirement account showing that this was my money. There... |
[This chart][1] at the St. Louis Fed has a lot of people worried about future inflation, because it represents idle money that, when lent out, could eventually flood the world with 10 - 12 trillion new dollars. But my father says that it has already been lent out in the form of short-term US Treasury notes.
So if... |
Do banks keep their reserves at the Fed in cash or can they be kept in US Treasuries? |
QuiBides has a description of [how the process works][1].
Simply put, every bid costs money (60 cents to place) so when you win an item for $20 that's worth $100, there may be 200 bids that were not won, but the company pockets. The concept is a huge turn off for me. Too much like gambling.
Edit - given the selli... |
Consider the individual who pays $1,000,000 in taxes. His/her income must be substantial. That is what one should aim for. Investments for the most part, do not lower ones taxes.
In one of John Grisham's novels, tax shelters are being discussed. Sorry, I do not remember which book. The discussion goes somethi... |
What are prize bonds? Are prize bonds a good investment? |
What are prize bonds? Are prize bonds a good investment? |
In the U.S., do you get paid for vacation days untaken when you leave a job? |
In the U.S., do you get paid for vacation days untaken when you leave a job? |
Should I keep a credit card open if I don't need it any more? |
Should I keep a credit card open if I don't need it any more? |
How can I limit the value of my bank account tied to PayPal? |
How can I limit the value of my bank account tied to PayPal? |
The general answer is: "it depends on how long you want to live there".
Here is a good calculator to figure it out:
http://www.nytimes.com/interactive/business/buy-rent-calculator.html
Basically, if you plan to move in a few years, then renting makes more sense. It is a lot easier to move from an apartment when... |
“Why do governments borrow money instead of printing it? (When printing money, one doesn't need to pay interest).” Good question. Numerous leading economists, including a couple of economics Nobel Laureates have asked the same question and concluded that borrowing can be dispensed with.
First, Milton Freidman set ... |
If the government prints money recklessly and causes inflation, people will come to expect inflation, and the value of the currency will plummet, and you'll end up like Zimbabwe where a trillion dollars won't buy a loaf of bread.
If the government actually **pays** people for the money they borrow, they don't have ... |
This is in a similar vein to [this question][1]. Wondering if the American old age benefits program has also taken into account the larger retiring population. Does the plan have enough money to cover retirees? Is the plan using the approach of taxing the current population to pay for the old age benefits of the boo... |
Will there be enough money in Social Security benefits to cover baby boomer retirement? [US] |
I am in joint ownership of a home (50/50). When I apply for a car loan and they are looking at my credit report, do they look at the total mortgage payment as my debt or only half? Does the credit report show I only have 50% ownership in the home? |
Joint ownership on home (50/50), when I apply for a loan, do they look at total mortgage payment as debt or half? |
I recently received an "invite" from my credit card company with a limited time offer to double my current credit limit. That's right, double! I didn't reply, and they later followed up with an email.
My primary rationale for not taking advantage of this generous offer is that I am trying to pay down my debt, and ... |
Should I have accepted the offer to double my credit? |
Depending on who you trust, the Social Security fund should still be liquid for another 40 to 70 years or so, which should cover the life expectancy of most boomers.
As for what happens after that, well there doesn't seem to be a plan for that yet. A plan would require making some unpopular choices. Politicians wou... |
Might they let you change the official payment due date? I know here (UK) you can do that, if you ask. |
What is the expected wait for a win from £100 of Premium Bonds? |
It looks like Congress made substantial progress towards passing the Financial Reform Bill today, but I really know very little about what is actually in it, and what I do know seems very complex.
For anyone on the site who is in-the-know about the finance industry or this legislation, I'd like to know this.
Wha... |
What effect will the financial reform bill have on everyday Americans? |
I've heard through the grapevine that starting July 2010 GST refund cheques will be higher than usual because of this new HST? Does anyone have a confirmed answer to this? Thank you. |
IS the GST refund any higher than usual starting July 2010? |
I've heard through the grapevine that starting July 2010 GST credit cheques will be higher than usual because of this new HST? Does anyone have a confirmed answer to this? Thank you. |
Is the GST credit any higher than usual starting July 2010? |
The **GST/HST credit** is a *federal* program meant to offset some or all of the GST or federal portion of the HST. The amounts are *not* increasing due to Ontario or B.C. introducing HST. The amounts are the same for all Canadians irrespective of province.
However, the GST/HST credit is still increasing, *slightl... |
Why do consultants or contractors make more money than employees? |
Why do consultants or contractors make more money than employees? |
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.