Are brokerage fees tax deductible in Canada? Generally speaking, brokerage fees paid for the management of a non-registered account are tax-deductible. This includes fees for buying and selling securities, as well as annual or monthly management fees. What investment expenses are deductible in Canada? Some of the most common carrying charges include fees for the […]
Category: Canada
Are Tfsa Management Fees Tax Deductible In Canada?
Any amount contributed as well as any income earned in the account (for example, investment income and capital gains) is generally tax-free, even when it is withdrawn. Administrative or other fees in relation to a TFSA and any interest on money borrowed to contribute to a TFSA are not tax-deductible. Can you deduct TFSA management […]
Does Canada Post Verify Addresses?
Through our Software Evaluation and Recognition Program (SERP), we evaluate vendors’ address validation and correction software based on their ability to process a batch of addresses and identify: Addresses that are valid. Addresses that are invalid, but can be fixed. Addresses that are invalid and cannot be fixed. Can the Post office verify an address? […]
How Many Trucks Does Canada Post Have?
Delivery takes place via traditional “to the door” service and centralized delivery by 25,000 letter carriers, through a 13,000 vehicle fleet. There are more than 6,200 post offices across the country, a combination of corporate offices and private franchises that are operated by retailers, such as drugstores. What trucks do Canada Post use? The Ford […]
Who Has The Best Mutual Funds In Canada?
Best Performing Canadian Mutual Funds Name 1-year return 3-years annualized return Leith Wheeler US small/mid cap -7% 7.7% CIBC US Money Market Fund O 0.4% 0.89% RBC $U.S. Money Market Fund O 0.37% 0.84% BMO Low Volatility U.S. Equity ETF 12.5% NA What are the best mutual funds in Canada? Note: All numbers are current […]
How Are Polar Bears Affected By Climate Change In Canada?
Each summer, sea ice begins melting earlier and earlier, while the first hard freeze of winter comes later and later. Climate change thus threatens the polar bears’ very cycle of life. They have fewer opportunities to build up their reserves of fat and calories before the period of summer scarcity. How is climate change affecting […]
Are Mutual Fund Fees Tax Deductible In Canada?
No, you can’t claim carrying fees for any registered accounts, meaning RRSPs, registered retirement income funds, registered pension plans, segregated funds or tax-free savings accounts. Are financial planning fees tax deductible? Amounts paid for financial planning are generally not tax deductible. Are mutual funds tax deductible in Canada? Can you claim a capital gains deduction? […]
Can You Withdraw Money From A Mutual Fund Without Penalty Canada?
Redeeming mutual funds If you decide to redeem your investments from the fund company before the seven years are up, you will be charged a penalty, which reduces each year until the DSC maturity date when you are free to withdraw your investments without penalty. Is there a penalty for withdrawing from a mutual fund? […]
Can My Time Abroad Count Toward My Permanent Resident Status Canada?
Time Lived in Canada To keep your permanent resident status, you must have been in Canada for at least 730 days during the last five years. These 730 days don’t need to be continuous. Some of your time abroad may count towards the 730 days. Can I count any time I ve spent outside of […]
How Does Canada Post Get Into Apartment Buildings?
Keys are issued to the post office by building owners for mail delivery. You’d be amazed to see the key set a typical mail carrier takes out on their route – vehicle keys, relay box keys, building keys and mail box master keys. Does Canada Post deliver in apartment buildings? It’s a convenient locker in […]