2
votes
0answers
12 views

How to correctly deduct purchase of a laptop dedicated to my consulting work?

I was thinking about buying a laptop to use dedicated for consulting. Currently I've been using the same laptop that I do my personal stuff on for my consulting work but I'd like to have a separate ...
1
vote
0answers
10 views

Can a dividend reinvestment plan (DRIP) and share purchase plan (SPP) be used with a TFSA?

Can I put Sun Life (SLF) shares into a dividend reinvestment plan (DRIP) and share purchase plan (SPP) plan, and then put into a TFSA investment account for a family member, 5 to 10 year term?
0
votes
0answers
7 views

Maternity payments taxable income?

Paid maternity leave in my country of residence is paid by the government as a social security insurance benefit, rather than by the employer. Is it treated as taxable income on my US return?
0
votes
0answers
6 views

Managing income from US company in Eastern European country

I am looking for a general advice on how to better inform myself, to see what are my options and find a solution about what to do with my income. I understand that this might sound silly, so I will ...
0
votes
0answers
5 views

Freelancer resident in France and doing freelance work for company in Basel

I am a freelancer resident in France and doing freelance work for a company in Basel. Am I correct in thinking that I declare my income in France and pay no taxes in Switzerland, and just invoice ...
1
vote
0answers
37 views

How much should I charge a U.S. company for IT work I'll do remotely from Canada?

I'm currently living in Canada. I have very nice job and I'm happy with it. My previous company in the U.S. contacted me and they want to hire me as a 1099 (independent contractor) working remotely. ...
-1
votes
0answers
20 views

Balance sheet - Couldn't find an incognito value

I'm a student of Accounting and I'm doing some homework and I came across a problem. The matter of this class is Intermediate Accounting and I need to do some Patrimonial Balance. I have this values: ...
1
vote
0answers
25 views

Are Target Funds Unsafe - Post Q.E.?

It appears that Target Funds are becoming more common for employer sponsored plans, and these are billed as a safe way to prepare for retirement. For people who plan to retire over the five to ...
0
votes
0answers
10 views

Receiving $10,000 grant from U.S company as a UK citizen using W-8BEN form, how much is taxed before and after using a tax treaty?

I'm going to be travelling to America to take part in a fellowship/scholarship/training program ran by an American company. I am a UK citizen. I am receiving a $10,000 grant from the U.S company and ...
1
vote
1answer
41 views

Family Budget: How to avoid double counting spending pulled from short term savings?

My wife and I keep track of our budget on a spreadsheet. We save $200 dollars a month to spend on furniture. The money is transferred automatically into a savings account. We want this money to appear ...
1
vote
1answer
39 views

T4A Slip received by student. What is it?

I am an 18 year old first year university student, and moving out of residence at the end of the semester recently I was informed that there was a letter that was not picked up. It turned out to be ...
-2
votes
1answer
40 views

Best places to invest money for fixed monthly return [on hold]

Wat are the best palces to invest money from there I get fixed monthly income.
1
vote
1answer
56 views

Does the IRS penalize for overpaying and underpaying state income tax?

I used TurboTax for filing my taxes this year (for 2014) and came across an oddity that either means TurboTax is buggy or the IRS penalizes for overpaying state income tax. When using turbotax (and ...
2
votes
1answer
59 views

Why do mutual fund trading limitations exist? e.g. 90 day transfer limits?

I recently moved money from one mutual fund to another fund in my 401(k), and was warned that I'd be prohibited from transferring out money from said fund for a period of 90 days. I know such ...
1
vote
1answer
33 views

How to report Canadian T4 slip items (e.g. CPP, EI) on a U.S. tax return?

I am a U.S. citizen resident in Canada. Does anyone know how to report the various items on a Canadian T4 (a rough equivalent of a W-2) on a U.S. tax return? I am not sure about the following items: ...
0
votes
0answers
24 views

How can a Canadian establish US credit score

I don't have a SSN or US address. I would like to start establishing a credit score in US. What are my options? What is the fastest way?
0
votes
1answer
24 views

What duration bonds are held by the ETF XBB

I am looking at the bond etf XBB. This ETF mostly holds Canada govt bonds. What I don't understand is what is the duration of these bonds held by the fund?
3
votes
5answers
146 views

What does “interest rates”, without any further context, generically refer to?

There's an old Far Side cartoon where someone discovers a guy in a room full of telephones behind a door labeled 'They' and shouts something like "MORTIMER STANLEY! So you're the they in 'That's what ...
1
vote
1answer
36 views

Soft Inquiry vs Hard Inquiry

For the following scenarios, I was informed that there'll be a soft inquiry involved Opening a Checking account at a credit union Requesting a Credit limit increase on a Credit card Signing up for ...
0
votes
1answer
10 views

When filing a US 1065 as a General Partnership, do we combine our expenditures for a home office?

I am in a General Partnership with 1 other person. We both work out of our respective homes. When filing expenses on a 1065, do we line item each of our home office expenses? For example, if I use my ...
1
vote
1answer
47 views

Loan Repayment and Salary Decisions

I have an LLC in CA with my brother acting as the primary member of the company. In an effort to get the company started and to get us through some growing pains I loaned the company money, around ...
1
vote
1answer
15 views

Can subsidized and unsubsidized Stafford loans be repaid independently of each other?

For an undergraduate student in the U.S., Stafford loans are offered to students and may contain a portion that is subsidized and another portion that is not, both in a single year. Can the ...
1
vote
3answers
93 views

Wouldn't it be better if reinvested dividends were simply treatable as capital gains for tax purposes?

Suppose I own 100 shares in XYZ corp purchased for 25c in year 2000. If XYZ corp pays me 5c in dividends in year 2001, I will owe tax on the 5c dividends, hopefully as qualified dividends(?). If on ...
0
votes
0answers
27 views

Early termination of lease agreement [on hold]

I had terminated my rental lease agreement in March and went ahead and paid the April rent, which is when the lease is actually up. The slumlord has failed to provide a walk-through and said to just ...
1
vote
1answer
13 views

Indian Demat account

I just converted my savings account to NRO and created a new NRE account. Now the bank is asking me to convert my demat to NRO demat where I need to close my exising demat account and open a new NRO ...
3
votes
1answer
39 views

Can I use losses from sale of stock to offset capital gains from sale of property

If I make a capital gain from the sale of a house but make capital losses from the sale of stocks in my brokerage account (not tax sheltered), then can I use the losses against the gains to reduce my ...
0
votes
1answer
28 views

Other ETFs of world bonds and stocks (Alternatives to VT and BND)?

For simpler investing, my grandfather wants to buy only 2 ETFs: one that holds only stocks worldwide and one that holds only bonds worldwide. To avoid commission fees, he doesn't want to buy a group ...
10
votes
2answers
2k views

Do I owe a finders fee to my tenant's broker if they didn't bring me the referral?

I am currently using a broker to help me find new tenants for my rental home. Currently, she has only advertised the home on Craig's list. However, at an open house that she was hosting for another ...
0
votes
1answer
28 views

Why does a high inflation strengthen a country's currency? [on hold]

A low interest rate increases money supply, which leads to high inflation. Now, how does that high inflation automatically translate into strengthening of the country's currency? If anything, because ...
1
vote
1answer
17 views

How do I see all outgoings in one Gnucash report?

I can use the P&L or Income Statement reports to see expenses for a month, but it doesn't include the mortgage payment since I set this up as another account, rather than just an expense. I'd ...
4
votes
0answers
35 views

Do “growth of $10k” charts for mutual funds account for fees? I've found conflicting information

I've had several people advise me that the growth of $10k charts that you see for mutual funds, and provided by, e.g., Morningstar, account for the expense ratio of that fund (but not sales loads). So ...
0
votes
1answer
27 views

Is chargeback possible with Paypal transactions, if no receipt of products/services?

Someone sent me several hundred U.S. dollars Paypal for in exchange for services. This was a verbal agreement, and there was no receipt. I have decided not to fulfill my end of the agreement, but want ...
2
votes
1answer
44 views

Should I/Can I consolidate multiple company pensions?

I've been paying into pensions since I got my first job after leaving university. I've changed jobs 4 times over 10 years and I now have a scattering of company pensions from various providers. So ...
4
votes
2answers
1k views

Buying a condo to attend schools in another district [on hold]

I live in a area with bad school district. I pay a lot in property tax and I'd like to avoid paying private school for my children when they start in 2 years. The option would be to move to a better ...
0
votes
0answers
35 views

401K or Indian CD

I am debating on contributing to 401k(which is being invested fully) va putting a sum (say $10k) in Indian CD. I am assuming investment in stocks would return about 6-8% where as Indian CD would ...
1
vote
1answer
79 views

Is it illegal to sublet apartment to someone not on lease? Penalties?

I have a 2 BR apartment which I have been using to sublet to tenants for several years. I don't put them on my lease. Is this illegal, and if so, what are the penalties?
7
votes
4answers
623 views

Pensions, annuities, and “retirement”

I already knew about pensions, but I’ve just heard of annuities today. The DifferenceBetween.net article “Difference Between Annuity and Pension” says, A difference that can be seen between ...
2
votes
2answers
67 views

Are there any tax advantages to having a company car over a car allowance?

I've just got a new job. Part of the deal is a car allowence or a company car. I'm planning on taking the money (I've recently bought a new car so I'm not really that interested in a company car). ...
-3
votes
1answer
42 views

Why India has high inflation despite a high interest rate [on hold]

As per this article Interest rates and inflation are inversely linked. When interest rates increase, inflation decreases. And vice versa. In the light of this, how come a country like India has such ...
-3
votes
1answer
28 views

How will a rise in interest rate affect the CAD

When Bank of Canada raises interest rates ( not sure when or if that will happen), can I expect the CAD to regain its former glory against the USD? Is it fair to say that buying the CAD: USD pair ...
0
votes
1answer
52 views

How can a Canadian get exposure to safe haven currencies?

How can a Canadian get exposure to a safe haven currency like CHF and JPY? I don't want a U.S. dollar denominated ETF. I want something in Canadian dollars, to save on conversion fees. Is this ...
-1
votes
0answers
81 views

Is my husband's ex-wife owed a portion of the value of our home?

My husband had an ex co-sign and they haven't been together for a while but know she feels entitled to half of what my home is worth. How can we go about this even though she had never made a payment. ...
1
vote
0answers
22 views

Taxes for a UK citizen interning in the US for 3 months

I am a student and UK citizen. This summer I will be interning in the US for 3 months on a J-1 visa. The internship is paid and my salary will be paid into a US checking account. I understand that ...
0
votes
0answers
38 views

Best precious stone from an ROI standpoint?

I'm wondering what kind of jewelry-grade mineral (excluding precious metals) would be the least risky investment. So the binding requirement is: it has to be jewelry-worthy (so both pretty and not too ...
-1
votes
0answers
40 views

Record entries for me paying X on Y's behalf

Lysa borrows 1500 cash from Petyr. Now, I pay Petyr 1500 cash on Lysa's behalf. So, now Lysa owes me 1500. How do I put this in my double entry bookkeeping? I thought of this: # I pay Petyr on ...
0
votes
1answer
59 views

What do US banks look for while processing a check

I recently had two issues with banks & checks I deposited a check payable to my spouse & me in our joint account at the bank ATM. It was accepted, then rejected - missing endorsement. Turns ...
-2
votes
1answer
31 views

Subsequent purchase greater than dividend payout

I recently purchased some VDIGX mutual fund. My brokerage told me they allow dividend reinvestment without a fee so I chose to auto roll my dividends back into the fund. After thinking about it though ...
0
votes
2answers
95 views

Stock Closing Price Manipulation

Imagine Company X' stock price is $400/share. Can two individuals (owning shares of this company) conspire against it by selling/buying their shares at $1 by the end of the day so that the "closing ...
0
votes
0answers
10 views

What is the SEPA optional category?

When I'm writing a wire transfer (both with my personal and with my company's accounts), my bank allows me to enter "optional SEPA fields", most of them look redundant or useless, but one is a bit ...
0
votes
1answer
52 views

Pay down mortgage or low interest student loans [duplicate]

I have both a mortgage and student loans, as many now do. My mortgage is at 5.5 % with ~ $250k balance and my student loans are at ~ $98k with 2.125 % interest. The remaining number of payments are ...

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