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Kal Torak posted:I'm not sure how complicated you want it to be, but this might help: I can work from that, I think; thanks!
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Apr 16, 2016 10:33
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My current job doesn't have a RRSP matching plan, but I'd like to reduce the amount of tax deducted from my pay so I can invest it in my RRSP instead of having it do nothing in government coffers until tax return. From what I understand, I need to file a T1213 form, notify my payroll and send the form to the CRA? Is it worth the hassle?
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Apr 19, 2016 17:14
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I did it this year, it was relatively painless. You first apply for the letter from CRA, then present it to your payroll department at work.
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Apr 19, 2016 19:14
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Mantle posted:I did it this year, it was relatively painless. You first apply for the letter from CRA, then present it to your payroll department at work.
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Apr 19, 2016 19:24
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I'm not sure how it's possible but somehow Turbotax became worse to use then just doing it by hand.
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Apr 20, 2016 19:48
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Use Genutax
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Apr 20, 2016 19:56
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StudioTax is free and pretty great.
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Apr 20, 2016 20:00
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SimpleTax looks nice too, but I've been using StudioTax because  .
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Apr 20, 2016 20:01
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I always do my taxes by hand because I am an old person at heart.
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Apr 20, 2016 20:05
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jm20 posted:Use Genutax Been using it while out of country the past three years and it rocks pretty hard and is free so I take the opportunity to plug it when I can.
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Apr 20, 2016 21:39
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I just picked the first one on the CRA website.
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Apr 20, 2016 22:34
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i used simpletax.ca and it was a very pleasant experience a++++ would recommend
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Apr 20, 2016 22:48
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SimpleTax is free and beautiful but I always throw them $10 for not being Intuit.
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Apr 21, 2016 00:22
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HookShot posted:I always do my taxes by hand because I am an old person at heart.  Me too.
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Apr 22, 2016 03:59
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Semi-dumb question: Which of the Tangerine credit card categories would airplane tickets and travel agency fees likely end up under? My third category is kind of a wildcard anyway, and since I'm planning to pay for airplane tickets and fees on my cycling trip later in August, I might as well make it worthwhile while I have this ridiculous 4% money back. e: The deposit from my travel agency definitely showed up as MCC "TRAVEL AGENCIES". e2: Welp, Tangerine lists the MCCs in each of their categories here, travel doesn't seem to be one of them. 
Jan fucked around with this message at 00:18 on Apr 27, 2016 |
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Apr 27, 2016 00:14
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I'm going to be paid regularly in USD in the future. What's the best way to manage USD while resident in Canada? I bank regularly with TD and Scotia. TD can go gently caress itself. I have a portfolio manager with Scotia. Should I hit his rear end up for some kind of sweet deal so I don't get hosed everytime I need to buy a crystal chandelier from Restoration Hardware?
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Apr 27, 2016 21:43
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Cultural Imperial posted:I'm going to be paid regularly in USD in the future. What's the best way to manage USD while resident in Canada? I bank regularly with TD and Scotia. TD can go gently caress itself. I have a portfolio manager with Scotia. Should I hit his rear end up for some kind of sweet deal so I don't get hosed everytime I need to buy a crystal chandelier from Restoration Hardware? Open a USD bank account, and just transfer money whenever the dollar is poo poo. But be aware that depending on where you get paid from some places won't send USD funds to a Canadian bank account, even if it's in USD, and so in that case go to the border and go to a TD in the USA and open an account there. You can shoot your money across from one country to the other. Unless Scotiabank has a totally different system from TD (spoiler alert: all the banks work exactly the same) your portfolio manager won't be able to get you a better deal on FX, the computer decides what your deal is. If you spend a lot of money with your bank though (ie huge mortgage, business and personal loans, car loans +) though they might automatically give you a slightly better rate than the poors who don't own a house in Vancouver get.
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Apr 27, 2016 23:22
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Cultural Imperial posted:I'm going to be paid regularly in USD in the future. What's the best way to manage USD while resident in Canada? I bank regularly with TD and Scotia. TD can go gently caress itself. I have a portfolio manager with Scotia. Should I hit his rear end up for some kind of sweet deal so I don't get hosed everytime I need to buy a crystal chandelier from Restoration Hardware? I was in this situation for quite a few years. Had it down to an art: - Get a BMO USD Savings account - Get clients to pay via wire transfer into this account (this is a headache to get working, because banks, but it's definitely do-able once you work out all the arcane coordinates - swift numbers and poo poo, and test it out) - Norbert's Gambit anytime you want to convert USD to CAD... you can do it perfectly inside BMO Investorline without a need to call it in or anything. $10 a trade times two. Works best for amounts $5k and higher. I always used RY as the exchange mechanism as it's ludicrously liquid on both sides of the border, and you're only holding the stock itself for 30 seconds or so. You'll get essentially mid-market FX rates doing this.
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Apr 27, 2016 23:35
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Thanks forums bros! Just got off the line with my scotia guy. He basically proposed doing a norbert's gambit on a schedule so I can pay for my PREMIUM LUXURY GERMAN AUTOMOBILE* on time. *daycare 
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Apr 28, 2016 00:28
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It is very disturbing to see a non-shitpost by CI
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Apr 28, 2016 02:11
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Cultural Imperial posted:Just got off the line with my scotia guy. He basically proposed doing a norbert's gambit on a schedule so I can pay for my PREMIUM LUXURY GERMAN AUTOMOBILE* on time. I like how advisors are so complicit to Norbert's gambit. So why don't you dickheads just remove foreign exchange fees? Banks.
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Apr 28, 2016 04:12
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Jan posted:I like how advisors are so complicit to Norbert's gambit. So why don't you dickheads just remove foreign exchange fees? I wouldn't remove the forex fees either, if I were running a business with practically zero competition and customers who are mostly idiots 
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Apr 28, 2016 06:39
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My e-series TFSA is finally set up, so I owe you all a bunch of thanks! However, I have another question: I'm looking to transfer a large sum of money from my Scotia account to my PC Financial account, and it seems that e-transfers have a $3,000 limit. Is there a better (or at least cheaper than $1 for $3,000, if not easier) way to send... say, $20k to a new account?
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May 2, 2016 19:08
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mojo1701a posted:My e-series TFSA is finally set up, so I owe you all a bunch of thanks! Write yourself a cheque.
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May 2, 2016 19:33
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Kal Torak posted:Write yourself a cheque. Oh, I forgot to mention that I can't. I only got a few cheques from when I first opened the account, and I've used them all up a couple of years ago.
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May 2, 2016 19:56
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mojo1701a posted:Oh, I forgot to mention that I can't. I only got a few cheques from when I first opened the account, and I've used them all up a couple of years ago. cashiers cheque?
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May 2, 2016 20:15
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sbaldrick posted:cashiers cheque? Banks usually charge a fair bit for those, or at least TD does. $7.50 or so last time I got one.
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May 2, 2016 20:23
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mojo1701a posted:Oh, I forgot to mention that I can't. I only got a few cheques from when I first opened the account, and I've used them all up a couple of years ago. You could probably just go into your Scotia branch and get them to give you a cheque. Or withdraw it all in cash. 
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May 2, 2016 20:28
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This may be too convoluted, but you could sign up for Tangerine (assuming you have a cheque for your Scotiabank account) and setup both of those as external accounts in Tangerine. Then you can transfer PC > Tangerine > Scotiabank. You could also take advantage of whatever sign-up bonus Tangerine is running right now.
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May 2, 2016 21:24
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Vatek posted:Banks usually charge a fair bit for those, or at least TD does. $7.50 or so last time I got one. drat, that's a lot more then the last time I got one.
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May 2, 2016 23:10
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I deposit into my Questrade brokerage account (via online banking billpay) and then withdraw to the other bank account.
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May 3, 2016 01:41
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If you ask nicely the teller will probably waive the fee. I used to just waive the fee for the hell of it sometimes if the person was even reasonably polite.
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May 3, 2016 01:46
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Kal Torak posted:You could probably just go into your Scotia branch and get them to give you a cheque. Or withdraw it all in cash. HookShot posted:If you ask nicely the teller will probably waive the fee. When they tell you what the fee is, very politely decline and ask for it all in cash.
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May 3, 2016 02:35
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yippee cahier posted:When they tell you what the fee is, very politely decline and ask for it all in cash. Fun fact at least when I worked at TD you weren't able to get more than 4k in cash out in a single transaction without calling ahead first, there just isn't that much cash put into the machine at the beginning of the day, and the main vault in the back with a lot more money in it is on a timed lock, it can't be opened during business hours for safety reasons. But a large cash transaction is actually a lot easier for the teller to do than a cashier's cheque or money order, simply from an "amount of work involved" standpoint. Cashiers cheques/money orders are pretty annoying to write up.
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May 4, 2016 06:08
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Is there a way to check the real-time balance/value of the remaining contribution room for a TFSA? As an update from a few pages back, after being told in this thread that my piss-poorly performing mutual funds sheltered in my TFSA also had insultingly high MERs, I met with my bank and told them to remove the money from the mutual funds. I asked them if it was possible to do so without ever withdrawing them from the TFSA umbrella so that it wouldn't count against the contribution room for 2016, and they confirmed that that would be the case. So I pulled the trigger and now my savings are out of there and back into the plain TFSA. But looking at the account statement though, the bank is qualifying the TFSA Mutual Funds -> TFSA savings account transfer as a "deposit from: [blank]", so I don't really know anymore.
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May 5, 2016 17:11
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Tipps posted:Is there a way to check the real-time balance/value of the remaining contribution room for a TFSA? Nope. You can check your TFSA contribution room on My Account at CRA's website but it can take months for them to update last year's information. Chances are they did it correctly. I think the banks have gotten better at this... You will have a to wait about a year and see how it is reported to CRA at that time and then challenge it if required.
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May 5, 2016 20:05
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Kal Torak posted:You will have a to wait about a year and see how it is reported to CRA at that time and then challenge it if required. Would there be anything to challenge, though? A year from now, any potential removed contribution room would be regained. Unless he's planning on contributing more and over cap because of this removed contribution room...
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May 5, 2016 21:30
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Jan posted:Would there be anything to challenge, though? A year from now, any potential removed contribution room would be regained. If he over-contributed for this year, he's still on the hook for any penalties they assess.
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May 5, 2016 22:10
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Tipps posted:Is there a way to check the real-time balance/value of the remaining contribution room for a TFSA? The only one that would know what you did right now is the bank, and even then you'd have to add up all your different TFSAs separately if you have multiple accounts. CRA won't take anything for 2016 until next year, so your best bet would be to talk to someone at the bank now and make sure it's right. If anything did go wrong, you can get it fixed this year it will all get done before CRA knows any better, but if you wait until it's filed with CRA then it's a lot more work to get fixed since it will require amendments and stuff.
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May 6, 2016 04:59
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mojo1701a posted:My e-series TFSA is finally set up, so I owe you all a bunch of thanks! Can you set your PC account up as a bill payment in your Scotia account? That's how I move cash from my PC checking account to my TD Waterhouse TFSA. Takes 1-3 days, but I've moved 10K no problem.
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May 7, 2016 15:55
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