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What is the maximum income one can have and not have to file a tax return? |
I ran your assumptions through a similar spreadsheet I put together. Here's a chart:
![Comparing ending balances of two index funds with different fee structures][1]
The assumptions I used were:
- Fund 1, a mutual fund, having 1.00% MER and no commission to buy.
- Fund 2, an ETF, having 0.17% MER and $5.00... |
I would like to examine the option chains of almost every stock that has options. Is there some sort of stock screener or application that can give me a list of the ticker symbols that have options? |
Where can I get a list of ticker symbols that have stock options? |
Canada or the US? I believe the Montreal exchange is the only options exchange in Canada.
Check out:
http://www.m-x.ca/nego_liste_en.php#optionsAction |
I've always been under the impression, that if you want to be a player in the "shares game" you either have to be an full time investor, or someone who has a lot of money to play with.
Is this true? Can the average Joe become involved?
Is it worth investing £50 here and there? Or is that a laughable idea?
Ther... |
Shares; are they really only for the rich/investors? |
I'm 34 years old. Twelve years ago, I got a bachelor's degree in Computer Science, and have been working as a computer programmer more-or-less continuously since then.
I also have been investing in the stock market since 1999. I'm very meticulous, and have carefully tracked my investments. Recently, I decide to ... |
Good at investing - how to turn this into a job? |
I 'have a friend' who is going away travelling towards the end of the year. She has a few thousand Euros which she is going to spend whilst she is away and was asking if she should keep it in Euros or if she should change it into sterling as the pound is getting stronger.
Would it be worth it, or would it cost he... |
should I change my money from euros to sterling before I go away near the end of the year? |
I 'have a friend' who is going away traveling towards the end of the year. She has a few thousand Euros which she is going to spend whilst she is away and was asking if she should keep it in Euros or if she should change it into sterling as the pound is getting stronger.
Would it be worth it, or would it cost her... |
Should I change money from Euros (EUR) to Sterling (GBP) before I go away near the end of the year? |
I'm familiar with the *Individual* and *Family* types of Registered Education Savings Plans (RESPs).
There's also a third type: ***Group* (pooled) RESPs**. How do Group RESPs work? What are the advantages and disadvantages of Group RESPs? |
Group (pooled) RESP plans in Canada: Education savings advantages & disadvantages? |
I'm familiar with the *Individual* and *Family* types of Registered Education Savings Plans (RESPs).
There's also a third type: *Group (pooled) RESPs*, which I mentioned in [this answer][1]. I didn't provide much detail about Group RESPs in that answer.
How exactly do Group RESPs work? What are the various adva... |
Use retirement to pay off debt: Should I cash in RRSP to repay Line of Credit? |
You need to do a few things to analyze your results.
First, look at the timing of the deposits, and try to confirm the return you state.
If it's still as high as you think, can you attribute it to one lucky stock purchase?
I have an account that's up 469% from 1998 till 2009. Am I a genius? Hardly. That account, on... |
Does it cost me anything if I co-sign a loan for someone? |
If I co-sign for someone am I putting up money? |
If I co-sign on a loan for someone, am I putting up money (is there a cost)? |
We don't seem to have (m)any expats or Australians on the site yet, but I'll share what I have learned. I'm taking advantage of your profile information listing you as a **software developer**.
A friend of mine is currently doing a study of national IT professional societies for his MBA project. One of his goals ... |
It is mid February and I still haven't received my 1099-div forms from my stock broker. Should I be concerned yet? Is there any regulatory requirement for them to send tax forms out to account holders by a specific date in the US?
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Is there a legal deadline for when your bank/brokerage has to send your tax forms to you? |
I just noticed the NYSE is closed today for the President's Day (Washington's Birthday) holiday.
Is there a comprehensive list of all dates the NYSE would be typically closed for? Would the dates be the same for other U.S. exchanges like NASDAQ and AMEX and the options exchange?
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For what dates are the NYSE and U.S. stock exchanges typically closed? |
Why do stores and manufacturers use mail in rebates? A scam, or is there a way to use them effectively? |
There are many companies that have their year end occur on dates other than December 31. What are the advantages to this? |
Why do companies have a fiscal year different from the calendar year? |
Earlier today, the Canadian federal Finance Minister Jim Flaherty announced new mortgage qualification rules for Canada.
- Why were new rules introduced?
- What are the new rules being introduced, vs. what they were before?
- When will the new rules take effect?
- Where is definitive information about the new... |
Canada: New mortgage qualification rules, 2010: Why, what, & when in effect? |
**The new mortgage qualification rules were introduced to cool a hot Canadian housing real estate market.** The rules are a pre-emptive measure intended to avoid a bubble (and later crash) in real estate. The government wants to make sure anybody buying a house can handle higher interest rates. Those rates, currently a... |
Is there a free online credit report service in Canada? |
Is there a free online credit report service in Canada? |
How much money should a 26 year old have saved up? Is there somewhere that I can compare against online? |
What is the average nest egg for someone age 26? |
[This question][1] refers to the AnnualCreditReport.com service in the United States.
Similarly, is there a **free** online credit report service in **Canada**?
[1]: http://www.basicallymoney.com/questions/359/how-can-one-get-their-fico-credit-scores-for-free-really-free |
This question is **not** about whether Mint.com is secure, or not. That is beside the point. Rather:
**Are bank customers permitted, under whatever account agreement they typically sign, to provide their username & password or other account credentials to sites like Mint.com?**
Would a banking customer be givin... |
Are bank customers allowed to provide username & password to sites like Mint.com? |
This question is **not** about whether Mint.com is secure, or not. That is beside the point. (Refer to [this question][1] on the subject of trusting Mint.com and similar services.) Rather:
**Are bank customers permitted, under whatever account agreement they typically sign, to provide their username & password or... |
What's the average nest egg (savings) for someone age 26? Website for comparison? |
I have heard of
- Locked In Retirement Accounts (LIRAs) also known as Locked-in Retirement Savings Plans (LRSPs)
- Registered Retirement Savings Plans (RRSPs)
How are they different and what are the advantages and disadvantages of each?
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How do LIRA/LRSP's differ from RRSP's? |
No, as far as I know, a **free** credit report is only available by mail. Here's [a page](http://canadian-creditreport.com/freebymail.htm) with contact information for Equifax and TransUnion for ordering a credit report by mail.
Also note that anyone offering free online credit reports in Canada is lying through the... |
I am trying to determine how much money I will save by participating in the [TransitChek][1] program. The way the program works is I can set aside a certain amount of money from my pay check before taxes are taken out for public transportation (you never have to pay taxes on these costs).
So lets say I spend $1,000... |
How do you calculate pretax deduction savings? |
I've been looking for alternatives to MSMoney since Microsoft announced they were discontinuing the product line, and came across Mint.com, which looks promising.
Are any of you using it? Is it a decent substitute for MSMoney? Any major pluses-minuses I should know about? |
Is Mint.com an adequate substitute for MSMoney? |
As a followup to [my previous question][1], what benefits are there for an LLC vs. a Sole Proprietorship? What are advantages and disadvantages to both and also vs. just being paid as a person?
[1]: http://www.basicallymoney.com/questions/804/when-should-i-start-an-llc-for-my-side-work |
What are the benefits and downsides to an LLC vs. Sole Proprietorship vs. Individiual? |
In my experience (and I'm a programmer, not an accountant) it comes down to this:
1. LLC gives you the liability protection of a Corporation without the hassle of keeping minutes of meetings and filing 2 sets of taxes.
2. Sole Proprietor is cheap & easy, but does not give you any liability protection
3. If you ... |
What's the maximum income one can have and not have to file a tax return? [Canada] |
I saw this abbreviation CAGR related to stocks and financial statements and I am not sure what it is. Can you please explain it to me? |
What is CAGR when it is used related to a company? |
What does CAGR mean when it is used in relation to a company? |
What does CAGR mean when it is used in relation to a company stock? |
Which major US market indexes (Dow/DJIA, S&P 500, NASDAQ) include returns from reinvested dividends, and which don't?
Where can "total return" information be found for each index that doesn't include reinvested dividends?
Are the major exchange-traded funds (ETFs) corresponding to those indexes (DIA, SPY, QQQQ)... |
Which US market indexes (Dow/DJIA, S&P500, NASDAQ) include reinvested dividends? |
How much deduction can be claimed for child care expenses on a Canadian income tax return, for 2009?
Does it vary by province?
Are receipts required to claim a child care expenses deduction?
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Child care expenses: How much deduction can be claimed on income tax return? [Canada] |
Child care expenses: How much deduction can be claimed on tax return? [Canada] |
My business may be growing past the point beyond which I can no longer handle the jobs alone (yay me!)... If mine is an hourly job, with little to no overhead, and I bring someone on to work the jobs with me, how do I determine what to pay the person and what to keep as a Business Owner? |
Consultants/Contractors: Is there a guideline as to what % to keep when hiring a SUB-contractor? |
Contractors: Guideline on what percentage to keep when hiring a SUB-contractor? |
Hypothetical situation:
A dear friend or family member comes to you and asks you to co-sign for their loan. Let's say the reason they need the money is *not* a life-or-death type of situation. Perhaps they need something (a car, to get to a job) or want something (a kitchen renovation) – but we're not talki... |
Someone asks you to co-sign a loan. How to reject & say "no" nicely or politely? |
Is Personal Finance taught in high school? |
I'll take an alternate route: honesty + humor. Say something like this with a smile and a laugh, like you know they're crazy, but they maybe don't know it yet.
"Are you crazy? Co-signing a loan can put us both in a lot of potential danger. First, you shouldn't get a loan that you can't afford/attain on your own, and... |
What is common practice? What does it usually cost? Should I be thinking about this? |
Does Life Insurance cover the cost of one's funeral? Or do I have to save/pay for that separately? How much? |
Does life insurance cover one's funeral costs, or should I save for it separately? How much? |
Are personal finance / money management classes taught in high school, anywhere? |
Is Mint.com an adequate substitute for Microsoft Money? How does it compare? |
What does garnishing mean in financial terms? Under what circumstances does it happen and what are the implications? |
What is garnishing? When does it happen? |
When taking a mortgage, what is the difference between joint tenancy and tenancy in common? Under what circumstances is it preferable to choose one over the other? If your circumstances change how easy is it to switch? |
What is the difference between joint tenancy and tenancy in common? |
When buying online in the UK, purchases are covered by the [distance selling regulations](http://www.opsi.gov.uk/si/si2000/20002334.htm), which basically give you 14 days to return or annul an agreement or purchase made online.
If I buy products from a company based in another country am I still covered, or do the r... |
Does distance selling protection work across borders? |
Do distance selling protection regulations work across borders? |
Mortgage: Difference between joint tenancy / tenants vs. tenancy in common? |
What does garnishing / garnishment of wages or accounts mean? Under what circumstances does it happen and what are the implications? |
What is garnishing / garnishment of wages or accounts and when does it happen? |
Canada Universal Child Tax Benefit (UCTB): $100/month per child under age 6 from the government. Is it true? |
Canada Universal Child Care Benefit (UCCB): $100/month per child under age 6 from the government. Is it true? |
[Mint.com](http://www.mint.com/) sounds like an interesting service, but it doesn't look like it works in Canada. Is there an alternative for us? |
Is there something similar to Mint.com for Canada? |
Depending the length of one's visit to the US from Canada there are different limits and different exemptions. This also assumes that the price discount is worth it. What strategies have people employed to maximize the benefits and which products/services have people found ? |
What are good strategies to maximize cross border shopping benefits? [Canada] |
This is my current loan.
- Loan Amount : £11,750
- Total Interest : £6,422.40
- Interest Rate : 21.2% per year
- Total : £18,172.40
- Pay per month : £306.19
- Term : 60 months (5 years)
I'm 2 years into the loan, I've made 24 payments of **£306.19**. I'm not facing redundancy(touch wood) or any ... |
Take new loan to pay off old one, what would you do in this scenario? |
What are the closing costs and total fees for the second loan? At £30/month savings, how many months until you "save" the same amount as the closing fees? (If any)
You will get a much better rate, but you will be adding 2 years to your total payback period for the sum or money you originally borrowed. Do you want... |
In my online brokerage account, I want to buy a particular stock and I see :
Bid: 13.20 x200 Ask: 13.27 x1,000
the current stock price is :
13.22
Can someone explain what the bid and ask prices mean relative to the current price? If I buy 1000 shares, why would I pay more? |
Can someone explain a stock's "bid" vs. "ask" price relative to "current" price? |
You see ads all over the place for services that purport to protect you from identity theft, but my gut tells me that most of these are at best marginally effective and at worst outright scams.
Are any of these services worth the cost of subscribing to them? What is the best strategy for protecting myself from ident... |
What should I be doing to protect myself from identity theft? |
Here are a handful of measures I take myself:
- I check my credit reports once in a while and look for anything out of the ordinary.
- If somebody calls me on the telephone claiming to be from my bank or credit card company, utility, etc. I ask for their number, check it, and call them back. I don't give per... |
OK, first things first: Don't be shocked! Here's why. When you say:
> If I carry on as normal, current
> balance is : £11,117.84
... then you're actually considering interest that *hasn't been charged yet*. That's not really the "current balance", but rather the sum of all future expected payments. That is, ... |
*(Public service announcement)*
I received an email titled "**URGENT: Your Master Card SecureCode Password has expired!**" The email body is an image. Is it legitimate?
|
Received email from credit card company: "URGENT: Your Master Card SecureCode Password has expired!" Is it legitimate? |
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