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0answers
39 views

Why does strategy with borrowing 35,000 and using Home Buyer's Plan apply to just Canadians in 40% marginal tax bracket?

Why do these Reddit users focus on the "40% marginal tax bracket"? How did they calculate it? Assume that we're in Ontario so that we can work with Ontario's provincial tax rates. 35K at 5% for 90 ...
-1
votes
0answers
74 views

Awaiting a check reversal

Recently, I deposited a check in my account mistakenly (having already deposited it’s few months prior ). After talking to the bank, they said that the check would be reversed and the money would be ...
2
votes
1answer
44 views

Is Pension income a part of my Personal Tax Income

My parents retired, and they will be receiving monthly payments from pension and those things. We live in Ontario. Do these count towards their income tax brackets? Are there other taxes they should ...
3
votes
3answers
229 views

Why would one buy a bond with negative rate? [duplicate]

I see presently that many countries outside the U.S. have negative rate government bonds. So you buy one for $101 and in 5 years you get $100 back (face value). (I picked numbers for simplicity). I ...
0
votes
0answers
73 views

how can I show “hand loan” given to my friend in tax filling?

In last financial year, I have given hand loan of 2 Lakh rupees to my friend. I would like to show this in tax filling. Which head/section of tax filling, I can use to show these details?
53
votes
18answers
13k views

Are there any financial disadvantages to living significantly “below your means”?

By living "below" your means I'm asking about spending significantly less than you could, rather than living "within" your means which of course is sensible if you are able to do it! So for example: ...
0
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2answers
206 views

Can I use credit card to save interest on personal loan?

I currently have a student loan that charges me interests every 1st of each month. The interest rate is about 3.5 to 5.5%. Can I use my credit card to pay off an amount of the loan at date of 25th for ...
1
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0answers
51 views

NRI gifting funds from UAE to USA [on hold]

I am an NRI (Non-Resident Indian) and I wish to transfer funds, from UAE to USA, as gift to my daughter. She is an Indian passport holder staying in USA on OTP visa. What are the limits and taxes, if ...
0
votes
1answer
114 views

Which is the stock symbol of C3.ai?

I've been trying to find the stock price & symbol for this company https://c3.ai But so far, it's been a fool's errand. There are a few websites which talk about its capitalization, the major ...
0
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0answers
55 views

Where can I see break-down of total federal and Ontario non-refundable tax credits?

Please see my 63 y.o. Ontarian dad's cash flow.. I screen-shot, but rounded the values from his 2018 Notice of Assessment. Where can I see tax credits broken down? I want see them so that I can ...
0
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1answer
55 views

What are those dates of financial reports means?

There's graph showing the history of financial reports, for example the revenue. Each point has some date, what exactly that date is? Below are pictures of historical reports for revenue for MCDonald'...
2
votes
0answers
190 views

Tipping point with Cofounder. Is it him or me?

I have been working on a fin tech startup part time for the past year and a half and I am feeling like I am getting screwed over. Currently I have 10% of the equity that will be vested over 4 years ...
6
votes
1answer
431 views

Strange withdrawal from checking account

I got a notice that there was an ACH withdrawal yesterday from my checking account of $225.38 by OPENSKY PHONE PMT. I'd never heard of OpenSky before and I'm not sure what a "phone pmt" is. I called ...
1
vote
1answer
36 views

Is there any loss to removing default 3 fund houses of National Pension Scheme India?

As a government employee in India (CG), we are not allowed to choose aggressive investment strategy in NPS. Apart from that any change in the scheme requires us to choose only one Fund house which I ...
1
vote
1answer
121 views

Can I invest in the German stock market as an international student?

Can an international student, holding student resident permit invest in the German stock market? As international students are not allowed to start a business so does that restrictions also apply to ...
1
vote
1answer
83 views

When moving EU -> EU, where to pay VAT on moving services?

I'm relocating from one EU country to another. The origin country has 18% VAT, the destination has 23% VAT. I purchase the service in the origin country; the mover is trying to charge me the ...
0
votes
1answer
255 views

Money withdrawn from ATM was stolen from tray when momentarily distracted

I had $160 stolen from me after withdrawing it at an ATM with my PayPal card (which is linked to my Wells Fargo checking account). I was momentarily distracted and the funds were swiped from the tray ...
0
votes
1answer
36 views

Administrative Cost vs. Recurring Cost [closed]

What is the difference between administrative cost and recurring cost?
4
votes
3answers
124 views

Why are margin maintenance requirements based on total account value and not just the margin debt?

Just reading through Charles Schwab's margin brochure and saw this section... The securities used as collateral must maintain a minimum value relative to the account’s margin debit balance. ...
0
votes
1answer
323 views

Sugar daddy scam? [duplicate]

I’ve entered into a sugar daddy arrangement, but this is entirely new to me. I’ve read many things about scams and not to give out my bank account login. Well I was stupid and gave it out but as of ...
3
votes
1answer
134 views

Can a vendor send an invoice file that can become my bill?

Both I, and a vendor I do business with, use GnuCash. It would save me a lot of labor if my vendor could send me an invoice file made by his GnuCash installation that can be read by my GnuCash ...
28
votes
4answers
10k views

My credit card was unexpectedly charged 1$, the merchant wants my SSN and personal data to tell me why, do I risk identity theft?

I received a phone message from my credit union's fraud detection department about a transaction for $1 that raised a flag. I called them back and was given the information recorded with the ...
2
votes
1answer
43 views

In case of making a SIP (Systematic Investment Plan) , why is IRR / XIRR considered to be a better return metrics than CAGR?

I searched about IRR / XIRR (when the installment period is irregular). I have two questions: 1) Why is IRR(or XIRR) considered to be a better return metrics than CAGR when it comes to making SIP ? ...
0
votes
1answer
75 views

In one year, what's the maximum I can contribute to RRSP, from past unused contribution room?

My dad is 63 and lives in Ontario.. He maxed out his TFSA. His annual pre-tax income is $50K. Here is a screen-shot of his CRA online account: He never opened a RRSP, thus the $100K must've been ...
0
votes
2answers
275 views

At What Point is it Worth Doing Something With Your Money?

I (a Canadian) have never done anything with finances, don't have an income nor any expenses. I have about 20K sitting in a pile in a TD Canada Trust Account due to the government sending HST checks ...
1
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0answers
50 views

Lowest tax implication for selling an inherited house

Context: A homeowner passed away in 1999 and the house ownership was moved into a trust. At that time the house was worth ~120k. It is now worth ~400k. The beneficiaries are divided equally among 3 ...
42
votes
11answers
12k views

Should I take out a personal loan to pay off credit card debt?

My spouse and I have about 40K in credit card debt, in addition to a mortgage payment and student loans. We have been working hard to pay off this debt and have been moving in the right direction. ...
0
votes
2answers
249 views

Create a limited company to speculate with leverage

I live in the UK and I am considering starting to trade on the stock market, having opened an account at a brokerage firm. I am considering using it to speculate on short term period with leverage. ...
2
votes
1answer
169 views

Why do UK Property developers/investors create a company for each property they buy?

I am currently researching on UK property development and buying. An interesting website for that is the https://beta.companieshouse.gov.uk/website. While browsing through it, it became apparent to ...
0
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0answers
61 views

Can I have a sidegig contract in the US if im fully employed in the UK?

My current situation is the following: I'm based in the UK. I'm working as a full time employee for a company X that has a client Y. We've finished some work for client Y and they have a US company ...
0
votes
0answers
20 views

Releasing several 424B2 under several consecutive days

I realize sometimes, there's companies releasing a bunch of 424B2 (SEC) files under several consecutive days. A recent example of that might be TVIX. Is it a good or a bad sign for the company? Why do ...
2
votes
3answers
446 views

How does “you got some unknown money” scam work?

My understanding of cheque and similar scams is that you receive a promise of payment (a cheque for instance) you give something of value in exchange (an item, or you wire money, ...) Essentially ...
0
votes
1answer
53 views

Does letting your main home while living away disqualify you from Private Residence Relief?

I have only one property and I'm living away from home. However, I have also been letting the property while I'm away. I'm confused by the information on gov.uk. On the one hand it says here: If ...
3
votes
1answer
574 views

What is the difference between these two share classes of an ETF?

I am looking up NASDAQ ETFs that can be purchased in the UK. What is the difference between: EQQQ https://www.londonstockexchange.com/exchange/prices-and-markets/ETFs/company-summary/...
7
votes
1answer
238 views

Mortgage Advisor recommending long term mortgage at first, with short term later. Advisable?

Issue and Background Having gotten a new job, I am moving out of my rented accommodation, and moving across the country to what is a far more expensive area, where I am buying a 45% share in a £260,...
1
vote
1answer
82 views

Mortgage in principle with several mortgage advisors (UK)

I am looking to buy my first home (UK). Because we are a bit nervous, we are visiting 3 different mortgage advisors with the intention of obtaining the best deal possible. All of them say that we won'...
0
votes
1answer
90 views

Should I enter spaces when entering the IBAN for online transactions? [on hold]

The IBAN number of the account I want to transfer money to is NL99 INGB 9999 1234 99. When entering these details in the my online banking portal, do I have to insert spaces as shown or type the 18 ...
4
votes
1answer
177 views

Can my employer make me forfeit Safe Harbor match if I over contribute?

My employer 401k plan offers 'after tax non Roth' contributions, in addition to traditional pre-tax and Roth. I chose to max out my pre-tax contributions at $19,000 this year and then switch to '...
0
votes
0answers
124 views

Can side startup cost to build an app offset my income for tax purpose?

I have a full-time job and am interested in forming an LLC paying a foreign company in China to build a website or app prototype for my side startup. Can I deduct this cost against my income from my ...
0
votes
0answers
193 views

An honest mistake [duplicate]

I had a check that I had found while I was sorting through papers, and I figured it hadn’t been cashed because it was pretty much intact and still attached to the pay stub. So I deposited it, thinking ...
6
votes
2answers
160 views

How do I open a UK bank account under the following circumstances?

Similar questions here and here, but neither answers my question The facts: I am a UK citizen. I am not a resident of the UK. I have not lived in, worked in or visited the UK for the last 7 years. I ...
10
votes
3answers
3k views

What do “unsettled funds” mean?

I sold my ETFs today in a non-margin account in an online trading platform. 99.99% of my account currently consists of unsettled funds. What does it mean that they are "unsettled funds"? Does it mean ...
20
votes
4answers
17k views

I was contacted by a private bank overseas to get my inheritance

Someone I knew, who was in a Mexican prison, has passed away and apparently this person has left me money. The bank called me and gave me details to log into an online bank account where I could see ...
0
votes
1answer
128 views

Do I need to transfer the manufacturer's warranty to the buyer when selling a second-hand laptop?

I intend to sell a second-hand gaming laptop on Gumtree soon; it'll be my first time selling an item online, so I've done all the research I could to prepare for this. At first, I was convinced that ...
2
votes
2answers
164 views

What should I expect when applying for credit?

EDIT: It has been suggested that this question is a duplicate of Personal loan while unemployed?. In fact it is not a duplicate of that question, because I'm not asking about getting a personal loan ...
1
vote
1answer
35 views

How to research option maturity dates and volume [on hold]

Hello stack exchangers How do I get a list of stocks with their option maturity dates and volume? I am interested in stocks that have frequent maturity dates and high volumes. Once I have a list ...
3
votes
1answer
159 views

Am I a “Material Participant”?

I am a limited partner in the company where I work full time in a middle management role. (Or more specifically, I am a limited partner in the holding company that exists for the sole purpose of ...
0
votes
0answers
43 views

US Citizen owning & trading in a foreign offshore account

I am a US citizen and have had a brokerage account in Singapore for 15 years, since being stationed there for work. All correct US reporting has and is carried out in the US including finbar etc. ...
1
vote
1answer
188 views

Tag along in publicly traded companies

I am not sure if that's the best place to ask this question, so—feel free to relocate to a more appropriate site. So, I have a couple of questions: First-off: in Brazil, we have listing segments for ...
1
vote
2answers
164 views

What's the point of Fidelity's core position (similar to Vanguard's Settlement Fund)?

I recently opened an account with Fidelity to invest in stocks, ETF, mutual funds. Initially, they offer investment options but basically that means they put my deposit in a Money Market Fund (called ...

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