What is an RRSP Loan?
When you borrow money from the bank in order to contribute to your RRSPs, you are using an RRSP loan. There are different types available. Some need to be paid off within a year, while others you can pay off over a much longer time period. You will often be given a more favorable interest rate if you have your RRSP at the same financial institution that grants you the loan.
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Do you groan when it’s time to get new glasses? I know I do. How about the real cost of contact lenses—not just the cost per box, but the cleaning solution and lens storage cases?
Looking after your eyes is an expensive business. Every year you can easily spend hundreds of dollars on vision care. Good news! A FSA or HSA medical savings account can help you save on these recurring expenses.
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H&R BLOCK CANADA FINDS MORE THAN $50,000 IN
MISSED TAX REFUNDS IN ALDERGROVE, B.C.
Nearly a third of the participants on the Million Dollar Neighbourhood TV series made errors on their returns
Calgary, AB – January 23, 2012 – It is only the first episode of Million Dollar Neighbourhood on OWN: Oprah Winfrey Network (Canada), but thousands of Canadians may have money hidden in their tax returns. H&R Block’s Second LookSM review of tax returns in Aldergrove, B.C., resulted in an additional $50,000 in tax refunds. H&R Block tax professionals found nearly one third of the participants missed credits or deductions and, of the taxpayers with refunds, the average amount was $1,571.
Million Dollar Neighbourhood is a new original series offering an unprecedented social experiment set in Aldergrove in which 100 families have only 10 weeks to raise their collective net worth by $1 million. The first episode aired January 22, featuring H&R Block tax specialists in a segment.
“For most taxpayers, receiving a Notice of Assessment means their tax return is approved, but it doesn’t mean you claimed everything you are entitled to,” says Cleo Hamel, senior tax analyst, H&R Block Canada. “In our experience in Aldergrove, we uncovered missed credits and deductions that resulted in refunds from $100 to more than $10,000.”
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Wine, gold, real estate and collectibles are popular alternative investments to cash and stocks. Trading currencies, or forex, however, is an investment gaining popularity among investors looking for alternatives to the volatile stock market. Here, we will look at how to start trading forex.
Warning: You should always seek professional advice before commencing with forex trading as it is a highly leveraged financial product which comes with risks. Never invest more than you can afford to lose. If in doubt, do NOT trade.
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Owning or renting a large home, condo, or apartment comes with a ton of responsibility both financially and physically. For many looking to take a few burdens out of their life, downsizing their homes may be a good option – especially if you are now empty-nesters. Downsizing your home space can save you a couple, if not several, hundred dollars a month – giving you the financial freedom you’ve been seeking. A few of the most advantageous ways downsizing saves you money includes:
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Can you believe that most households in North America waste about 25% of their food? Want to reduce the amount of food you waste every year? Below are some great freezer tips that will help you to do just that.
1. If you have leftovers from dinner, put them directly into the freezer so that they don’t go to waste, rather than forgetting about them in the fridge and then throwing them out because they’ve gone bad.
2 Prevent freezer burn by double bagging your food. Put individual items into inexpensive sandwich bags and then put a number of the smaller bags together in a larger freezer bag. You can reuse the freezer bag over and over since it never touches the food directly.
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In the UK PPI claiming is a huge market, some of the biggest banks and lenders have set aside billions of pounds worth of capital to cope with all the complaints they are likely to receive in 2012. The problems began when it became evident that lenders were selling the controversial financial policy to people who were not eligible to utilise it if needed.
What is PPI?
Payment Protection Insurance is a policy that is bought in conjunction with a credit card or loan that protects the holder against being unable to meet future repayments because of sickness, accident or unemployment. It’s a product that is widely sold around the USA and Canada but has seen little or no issues as yet, whether that is because the complaints are being protected by state so that they do not follow in the footsteps of the UK or the problem does not exist is unclear.
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