Taxes

Did You Pay Tax Twice On Your Vehicle Purchase? You Can Get Your Money Back!

My husband and I recently bought a used vehicle through a dealership while living in Ontario.  We were charged 13% HST on the purchase price.  Shortly after buying the vehicle, we moved to Manitoba, a non HST province (called a nonparticipating province by the Canada Revenue Agency)  When we went to register and insure our vehicle in Manitoba, we were informed that we would have to pay PST on the vehicle again!  We were completely dumbfounded as this would mean that we would pay 20% tax on our vehicle!  Yikes!

Fortunately, I found out that there is a way for us to get back the provincial portion of the HST that we paid in Ontario.  I contacted the Canada Revenue Agency (CRA) and they informed me that all I had to do was complete a form called the GST 495 and submit proof that we paid the tax twice.   Note that CRA wants the original copies of anything you send in, and they will eventually send it all back to you.

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Debt

How To Shop Around For Car Finance

Buying or leasing a vehicle can take a lot of time and energy.  The good news is that you have some great resources literally at your fingertips that can help you to do your research more efficiently.

Leasing a Vehicle

There are some great apps that you can use on your mobile device that will allow you to compare car leasing deals.  If leasing a vehicle makes the most sense to you based on your lifestyle and financial situation, then make sure that the lease you select provides you with the greatest options and advantages.  Don’t just settle for the first deal you read about.  It pays to spend the time and weigh the pros and cons of each option.  Make good use of the apps and websites that are available to you.

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Family

Protect Your Loved Ones From Elder Financial Abuse

Far too many elderly people have become victims of elder abuse.  Some experience physical or verbal abuse, but the vast majority experience financial abuse.  In fact, 70% of all elder abuse is financial abuse.

Either family members or others closely associated to elderly people often take advantage of them financially.  This is most prominent for elderly folks who are confused easily and find it hard to keep track of their finances on their own.  Many vulnerable elderly people are victims of theft and fraud as a result of a greedy, ill intentioned family member or caregiver.

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Earn Extra Money

Can I Make Money As A Virtual Assistant?

Did you know that you can make money as a virtual assistant? Most people don’t realize what a virtual assistant does and that is why they don’t believe that one can make enough money to pay their bills. What you need to understand is that a virtual assistant doesn’t just get paid by one person for sitting at home and waiting around for them to send work, they have multiple clients.

Think about this, if you are getting paid only $5 per hour but you have four different clients that pay you that, then you are making $20 an hour? This is the reason why more and more people are turning to virtual assistant jobs in order to make the money that they need.

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Credit Cards

The Benefits And Dangers Of A Student Credit Card

The Pros And Cons Of A Student Credit Card

There are plenty of ways that a student could benefit from obtaining a student credit card. It is a great way to begin learning how to properly budget your finances to avoid debt. At the same time, debt may be the very reason a student would want to avoid a credit card. It is known that many credit card companies wish to provide cards to student with the understanding that they would use it irresponsibly. That may not sound beneficial for the credit card company, but the truth is that a card user in debt is worth more to the credit card company than someone who pays their monthly amount without hesitation. The credit industry is very different than it once was.

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