wondering weather i should just save money in a safe box or in a bank  i dont want to have to get taxed on already taxed money!!!! Canada
130049
You pay taxes on the interest you are paid by the bank, not on the money itself. If you have $1000 and get $20 in interest, you pay taxes on the $20. The tax on the $20 may be around $5, but you are still $15 ahead of where you would be if you put it in a safe box
132352
Open a bank account in Canada and have the money wired to your account legally.
425509
Yes you will have to pay. It is not your primary residence. However, you could defer the taxes through a 1031 exchange and purchase a similar property and not pay taxes right away. This probably won't help you because you want to pay down your mortgage though.
546517
Bank CD's usually have a penalty for early withdrawal.  If you cash in a Tbill early, you might win or lose, depending on current interest rates.  There's also another commission to pay the broker when you sell the Tbill versus letting it mature.\n\nAs far as safety goes, Tbills are the safest but CD's are pretty close.  You also don't have to pay state income tax on Tbills.
588064
Welcome to Canada!  Be careful.  You might be jumping into FIRE.  Visit our Canadian websites and view the immigration requirements.  Yes!  You have to live here for three long  years before you become a citizen.  Jobs!  what's your qualification.  Are you self employed?  Which province are you considering?  Our country is very clean,  beautiful indeed, but like everyone else, we have our share of problems:  politically, economically, socially, in fact all the allys (allies) you can think of.  Please think carefully, we have the same tax problem.  Eg, 15% on good and services.  Does that sounds real?  Are  you willing to pay that much?  One decent bedroom apartment can run you from $799 upwards.  The reality is, you can run but you can't hide.  Tax is everywhere.
365110
ING direct is one..IT's paying over 5%..you can take out CD's starting at 6%. It's linked through your checking account. If you need to add money, you transfer it from your checking..if you need it back, transfer it to your account. They raise the interest rate almost every month..good luck
524966
Yeah unless the money Is delt under the table. Youll have to pay a tax on it, the ammount really depends on how much youll be reiciving
656182
see if your employer can direct deposit a certain percentage or certain amount in to a savings account, but you still have to be able to leave that money alone.  As long as you set aside what you want to use to help him, even if you have to get it in cash and stick it in an envelope or something, this should help the problem of not knowing where your money goes.
52197
No, you won't be taxed on this money. It is not your gain because you transfer the same amount of money out from this card.
112230
Honestly there is no way online. If you do find something then you will have to pay out money at the beginning plus have to pay your own taxes out of your checks. ( No money taken from your checks meaning you set money back for the end of the year)
124996
No. Your six month saving goal is not met.\n\nWhy? \nEmergency funds need to be held in the appropriate account. A demand account, savings, where you can get at it at will without having to wait for it. \n\nShould you have an emergency, then you can get at it - immediately - as emergencies usually do not give notice.\n\nGood Luck!
362999
They getcha where they can. Both new and used or second hand items are taxable.\n\nPlaces I know where you might not pay tax is garage sales and e-Bay.
647593
My and my fi have ours like this\nJoint Checking- bills\nJoint Saving- for our wedding and house repairs.\nHe has another checking\nand I have another saving account.\nBoth of us put 75-85% of what we make in the joint account.\n\nI don't think it really matters if it's a checking or saving but you should have a little money put aside for you.  \nI had friends who just went to see a $ planner and he told them the same thing.  It helps you save and spend wisely plus gives you a little Independence.
204258
try to deffer the payments as much as possible so that if this ends up being you only source of income then you will end up paying less taxes i don't think that it will be tax free. unless it is a roth IRA where you paid taxes upfront to later have tax free money when you get the money.
67491
All money we receive is taxable if you find a way out of it let us all know. Peace out!!!
604183
STOP...  it's a total SCAM!!!  Don't do it.  the key is they say u bring 600 Canadian $$$.  Find a direct # to the location then call to verify all the infomation.  If you do anything... don't send them the money, you'll be out 600 Canandian $$$.
216450
If you filed last year, then the place that did your taxes for 2004 will have one for you. If not, then call the CRA and they should have a copy of one for you. I work at a tax place, this is a liable answer, lol.