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Help! I went to open a Questrade account, and to verify my identity they asked me about : - a line of credit opened in 2009; - how much per month I am currently paying towards the line of credit (the minimum amount option was $700 per month); and - a gas company credit card opened in 2011. I do not hold this line of credit or gas company credit card. I'm obviously requesting my Transunion and Equifax credit reports right this minute but am hopeful that someone in this thread will chime in with a "oh ho ho those Questrade questions, by gum" story, which will placate my fears about discovering that someone has been meddling with my credit and/or identity. 
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Oct 7, 2013 18:59
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| # ¿ May 7, 2024 23:57 |
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slidebite posted:
Well, that makes me feel a bit better. I agree that it is weird that someone might take out a line of credit in my name and then make payments on it. Cue joke about the Canadian stereotype - we're so nice that ...
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Oct 7, 2013 19:23
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Squibbles posted:Are you sure it's not those tricky credit history based identification questions? I've had those when opening bank accounts and such before and they often seem to ask fake questions where the only right answer is none of the above. I answered none of the above, thinking it might be this, but then Questrade 'couldn't verify my identity' 
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Oct 7, 2013 19:38
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I have a (maybe) stupid question. I've maxed out my RRSP and TFSA contributions, and opened a margin account with Questrade to get some of my reserve savings working for me. I'm not really well-versed on margin accounts, but would assume that if I only make purchases that I have funds available for, that the whole "borrowing money" aspect of a margin account won't come into play. Is this correct? Also, the market dip makes me sad - see above where I indicate I've already maxed out my RRSP and TFSA contributions, and now have to stare at red numbers instead of green for the first time ever.
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Oct 15, 2014 17:07
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tuyop posted:How long does it usually take for a bill payment deposit to land in your Questrade account? I remember my last one appearing within 24 hours and now I'm a little worried. I do mine from PC Financial and it usually takes 3-4 business days, each and every time for it to show up in my Questrade account.
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Oct 24, 2014 13:12
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tuyop posted:Ok, cool. I'll start freaking out next week. Electronic transfers can sometimes take a weirdly long time - I always expect that it should happen near instantaneously, but it never does. And some 'advice' to Newbies to BFC ... When my finances were a lot tighter, I stole a trick from the grocery store I worked at. You know how they sometimes fundraise by asking you to "round up" your grocery bill to contribute - well, I started 'rounding down' on my chequing account, and shaving off small amounts to transfer to my savings. If my balance was $252.72, I'd send $2.72 over to savings. It seems really piddily, but when you can't move a 'substantive' amount of money (whatever 'substantive' means to you), it can really help. Doing that kind of small transfer 3-4 times a week, kind of like buying a starbucks 3-4 times a weeks, really starts to add up - to the tune of a few hundred dollars over the course of a year (or over $600, if you roll $3, 4x a week). When you're really tight with money, a couple of hundred in extra cash can be a lifesaver. Once I build up enough of a cushion in my savings account for emergencies, every few months I'd roll a hundred or two into an RRSP or other investment vehicle.
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Oct 24, 2014 16:12
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this year has been a disaster that way.
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C... posted:As a 25 year old Canadian, where would you suggest I go? (I'm a software developer, if that matters) I work in immigration law, and I want to point out that for people under 35, Canada has a large working holiday program for Canadian citizens to get work experience overseas. Yes, you can do the land-in-Sydney, hop-from-server-job-to-server-job thing, while spending the rest of your time on the beach OR you can use it to secure a work visa to work a "real" job for a trial period overseas. If your employer is happy with you, they will usually help facilitate you getting a non-working holiday visa, if you want to stay on. If not, you get some sweet international experience and a story about how fantastic/terrible living in a foreign country is. The link for details is: http://www.international.gc.ca/experience/working_holiday-travail_vacance.aspx?lang=eng As for US experience, part of the provisions of the NAFTA allow for Canadian professionals in designated occupations to work in the US, on behalf of a company based in the USA or in Canada, if certain criteria are met. Common professionals include accountants (you need to have a job offer in an accounting field, hold a relevant bachelor's degree or accounting designation such as CPA), engineers (ditto, but with engineering), computer systems analyst (bachelor's degree in a computing field OR a 2 year college degree and 3 years of relevant IT experience), and a crap load of sciency things, and teachers, and management consultants and so on. The same is true for Americans (and Mexicans) looking to work in Canada. This is an important benefit, because it can exempt Canadians from being subject to the H1B lottery (a difficult and luck-requiring process to get a US work visa).
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Dec 5, 2014 04:34
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tuyop posted:I need to put some money in an investment that will hopefully generate more return than a savings account but preserve the principal as much as possible in case I need to pay it back (it's a bursary with a service requirement that I might not want to fulfill). What are the risks of losing my contribution room if I put the money in my TFSA and buy a bond ETF? I mean, other than "not 0". I was in a similar type spot and threw the money in a 30-day GIC with Equity Bank, via my Questrade account (you need to call the brokerage desk to buy/sell the GICs). It was piddly, but it got me more interest than it would have sitting in my savings account for the same amount of time.
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Jan 28, 2015 19:56
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Does anyone here contribute to an RESP and do they have any suggestions for providers/plans. Going full BWM and having a child this year.
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Feb 21, 2017 21:21
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Does anyone have recommendations for life insurance providers/brokers?
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Apr 10, 2017 19:44
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| # ¿ May 7, 2024 23:57 |
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I pay about $42/month in Toronto with $2 million in liability, unlimited coverage for computers and fine art (lol) and something like $50-$75k for other contents. Its pretty standard but does cover sewer back-ups which I know from news stories a few years ago (in Hamilton) is something a lot of companies exclude. No deductible due to length of coverage (10 years).
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May 8, 2017 21:05
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