Border crossing checklist A valid driver’s license. A current passport for everyone in the vehicle. Vehicle registration. Proof of insurance coverage. Do I need my car registration to cross into Canada? It is also a requirement on each side of the border to have your vehicle’s registration and proof of insurance. If you’re traveling in […]
Category: Canada
How Often Do People Change Cars In Canada?
New vehicle buyers in Canada on average are keeping their vehicles 6.4 years and driving them 116,797 km before trading them in on a new model, though the time and distance differ significantly by type of car. How often does the average person replace their car? Americans own their longest-kept cars for an average of […]
Do Visitors To Canada Have To Pay Tax?
As a visitor, you won’t have to pay income taxes (unless you have a working visa and are employed) but it’s impossible to avoid sales taxes. Immigration status and tax residency status are two different things. Tax residency is based on how long you stay in Canada and what “residential ties” you have to Canada […]
Can The Government Seize Your Property In Canada?
Civil forfeiture is a process that allows government to seize property and other assets tainted by crime. These laws exist across Canada, and in Ontario civil forfeiture is governed by the Civil Remedies Act. Civil forfeiture laws were originally intended to deter crime and compensate victims. Can the Canadian government seize property? Federal Government Granted […]
How Can Foreign Buyers Avoid Tax In Canada?
There are some exemptions from the foreign buyer’s tax. These include being a confirmed B.C. or Ontario provincial nominee, purchasing a property on behalf of a Canadian-controlled limited partnership, or becoming a Canadian citizen or permanent resident within one year of buying the property. Is there a foreign buyers tax in Canada? The Non-Resident Speculation […]
Who Pays Foreign Buyer Tax Canada?
The Non-Resident Speculation Tax (also referred to as the Foreign Buyer’s Tax) is a tax that certain foreign purchasers must pay at closing when buying a house anywhere in the province of Ontario or in certain B.C. regions. The NRST is 25% in Ontario and 20% in B.C. Do Canadian citizens pay foreign buyers tax? […]
Who Can Open A Non Registered Account In Canada?
Anyone over the age of 18 (or 19 in certain provinces) can open a non-registered account. There is no age limit on a non-registered account, unlike a RRSP, which must be matured into a Registered Retirement Income Fund at age 71. Can a non-resident open a non-registered account in Canada? Some financial institutions are more […]
Does Canada Drives Sell Used Cars?
Shop online for your next used vehicle and enjoy the convenience of to-your-door delivery and the confidence of a 7-day love it or return it guarantee. Does Canada Drives sell new cars? Buying a new vehicle is a big deal, that’s why we want to make sure you love any car you purchase through Canada […]
Can A Bank Refuse To Open An Account In Canada?
A bank may refuse to open a personal bank account for you if: they have reasonable grounds to believe you plan to use the account for illegal or fraudulent purposes. you’ve had a history of illegal or fraudulent activity with financial service providers in the last 7 years. Can bank refuse opening account? A bank […]
Why Does Canada Export Cars To The Us?
The United States Canadians drive American cars and delivery trucks, fuel them with American petroleum, and fix them with American car parts; petroleum and vehicle trade between the two countries is pretty reciprocal. We also import medicines, pesticides, fruits, appliances, and more from the United States. Why does Canada export so many cars? Canada’s auto […]