Eclipse
  • Member for 11 years, 5 months
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How do credit card companies make profit?
Accepted answer
46 votes

Their income is from the two sources you mentioned - they charge the merchants for each use, and they make interest money on people who carry a balance. This is one reason a lot of merchants will be ...

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How do I know when I am financially stable/ready to move out on my own?
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26 votes

One big deciding factor will be what standard of living you want to maintain once you move out. Your parents have had years to get raises, accumulate savings, and establish the standard of living you ...

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What are the best software tools for personal finance?
13 votes

Excel Pros: Extremely flexible Many available spreadsheet templates that can automate many tasks Easy to import / export data Easy to generate graphs / charts Cons: Difficult initial set up ...

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What is the Canadian Income Tax Day?
Accepted answer
6 votes

It's April 30th in Canada (See also). Note that if you are getting a refund, rather than paying more taxes, you can be as late as you want without penalty.

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Comparison between US and Canada's taxes and possibility of savings?
4 votes

The two really aren't easily comparable - you have to look at cost of living. sdg's calculations account for provincial and federal taxes in Canada, but elide state taxes in the US. There's also ...

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Investing in hemp producers in advance of possible legalization in Canada?
4 votes

Hemp is already pretty easily grown by farmers here. Canada had 50,000 acres of legal hemp in 2006, but it's been in decline the last 3 years due to the cost, lack of demand, and the high values of ...

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Can slowing down your lifestyle save you money?
4 votes

Maybe it's a slightly different interpretation of "slowing down" that you're referring too, but selective procrastination can definitely save you money. It's basically a technique for advertisement ...

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Do Americans really use checks that often?
3 votes

From a Canadian point of view, I think we are generally very similar to how you describe Austria. The only thing I use cash for, is to pay for my coffee at a local micro-roaster who only accepts cash....

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What should I consider when buying land as an Investment in Ontario, Canada?
2 votes

Make sure that the land does not have a stipulation that you are required to build on it within X years.

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What's the best time of a year to buy a car or a house in Canada?
2 votes

In Canada, be careful about buying a house in winter - especially in regions that get a lot of snow. Even after getting an inspection, there will be a lot of things you really won't know about until ...

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What are the consequences of not respecting a notice period when leaving a job?
Accepted answer
1 votes

It's provincial jurisdiction, so it can vary by province. In Manitoba, it's different when an employee quits vs. being terminated: Quiting: Employed at least thirty days but less than one year: one ...

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