Canada’s taxation system is flexible in that its taxpayers can use certified tax software to prepare and submit their returns to the Canada Revenue Agency (CRA) all from the comfort of their homes. Tax Chopper is one such software program approved for Canadian taxpayers to prepare their income tax returns blurb and submit them directly …
The best online banks in Canada go head to head in this exciting matchup between Tangerine and EQ Bank. EQ Bank is the brainchild of while Tangerine is a subsidiary of Scotiabank. It is expected that the continuous growth of online banking will attract more online banks into the digital scene because of low maintenance …
Many people are often not clear on the RRSP withholding tax also known as RRSP withdrawal tax in Canada. An RRSP is an excellent way for Canadians to save money for retirement. Putting your funds into an RRSP opens up the possibilities of enjoying a broad selection of investment products that include ETFs, stocks, and …
There are basically two major types of credit in Canada – revolving and non-revolving credit. And to access any of these credits, you must have an account. A revolving account is a kind of credit account that issues borrowers a maximum limit. It also allows users to have varying credit availability. With revolving accounts, there …
Most online shoppers have at one time or the other purchased items and at delivery discovered discrepancies in the product description and actual product delivered. When you buy items from your favourite merchants through PayPal, you may request a refund if you are unsatisfied with the seller’s services or products. Several reasons can warrant a …
An overdraft happens when you don’t have sufficient funds in your bank account to cover a transaction. It is a protective service that enables a customer to pay off a transaction once the bank account is in overdraft. Some of the transactions covered by overdraft protection include: Overdraft protection aims to prevent declined transactions, non-sufficient …
Opening a bank account is so much simpler than it used to be. In most cases, you don’t even have to go into a bank to do it. With the advent of online banking, most banking ventures nowadays can be done online from the comfort of your home – and that includes opening an account. …
Gone are the days when we had to rely solely on the conventional way of filing our taxes. Those days, the only way was to send your taxes via mail to the CRA or go to the bank to pay in person. Now, there are several ways to file your taxes; this includes an online …
An email transfer is simply a money transfer via email. If you’ve ever been into a store and paid with your debit card, you’ve used a form of Interac Debit. Interac is a Canadian “Interbank network that links financial institutions for the purpose of exchanging electronic financial transactions”. But Interac Debit isn’t the only way …
How to Do an Email Money Transfer in Just a Few Clicks Read More »
Initiating transactions these days is pretty easy due to the digitalization of our banking system. Customers do not have to visit a physical bank to make a transaction. With just a few steps on your mobile phone, you can quickly initiate and complete almost all transactions. This, however, has its downsides. If you are not …
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