Tagged Questions
7
votes
4answers
426 views
How to pay U.S. bills while living in Canada with Canadian income?
I'm from the U.S., but I'm living in Canada and all my income is in Canadian dollars.
What good options do I have for paying my American bills?
Currently, the best option that's been presented to me ...
3
votes
1answer
143 views
Are there Canadian banks with low or nil user fees?
My banking institution is [again...] raising their fees for the second time in 12 months starting March 1st, 2012.
I would like to find a Canadian bank or type of bank that has lower fees, of course.
...
6
votes
5answers
874 views
Tax consequences of a foreign bank account
My wife is a Canadian citizen, I am a US citizen. We live in the US, but make frequent trips to Toronto. The problem we face each time we cross the border into Canada is that we have to change our ...
3
votes
2answers
209 views
Is it illegal for Canadians to keep money in overseas banks?
The movies are always talking about off-shore Swiss bank accounts and "hiding" money. Is this legal? What is their motivation for doing so? If it is legal (in any way), how can it be profitable?
8
votes
3answers
825 views
What is the best way of transferring money from American to Canadian bank?
I am a Canadian that will be working in US for some time. I will still have Canadian bills to pay, so I would need to regularly transfer US dollars from some US bank to my Canadian bank account in ...
3
votes
1answer
86 views
What kind of information can I use when trying to convince my bank to lower the interest rate on my line of credit?
I'm looking to lower the interest rate on my line of credit, and, before calling up my bank, I am wondering what kind of information I should have prepared that I can use as arguments when trying to ...
10
votes
2answers
217 views
Why do they ask whether it is a paycheck or not in a bank?
I am getting paid with checks so each time I deposit it to my bank account they ask whether it is a paycheck or not. What difference does it make?
2
votes
1answer
428 views
What is the difference between the different types of bank in Canada?
In Canada banks are referred to as tier 1 and tier 2. What are the differences between them? What services are they allowed to offer and not offer? Are all covered by the CDIC?
2
votes
2answers
2k views
What's the difference between a Chequing account and a Savings account?
Because I know you can draw cheques from a savings account, so what gives?
2
votes
1answer
99 views
What is covered by the CDIC?
In the unlikely event that a financial institution fails in Canada, what is covered by the Canadian Deposit Insurance Corporation? What is the limit of coverage?
