How To Increase Your Savings » Savings

If I Cash In Savings Bonds Can I Pay My Wife's Student Loans Off And Get A Tax Credit?

Increase Savings — Sun, 20 Dec 2009 00:39:30 +0000

I have a bond worth $12,000(10,000 face) and she has $12,000 in student loans from tuition from 2004. I know that you can avoid paying taxes on the interest you make on bonds if you use it to pay tuition for secondary schooling. Does it still apply for loans that are a couple years old? We are filing a joint return

Where Can I Set Up A Savings Account Where I Can Limit My Withdrawals?

Increase Savings — Sat, 19 Dec 2009 12:27:22 +0000

Where can I set up a bank account that: 1) allows online deposits of small amts say $100 a time, 2) where I cannot withdraw for a fixed period of MY choosing say 30/60/90 days. – Sort of like a self-imposed piggy bank ; ) Thanks!

How Old Do You Have To Be To Open A Tax-free Savings Account?

Increase Savings — Sat, 19 Dec 2009 00:37:00 +0000

All Canadian residents over the age of 18 and in possession of a social insurance number. Residents of British Columbia, Newfoundland and Labrador, Nova Scotia or New Brunswick have to be 19 years old. Allowable contribution space will start from the time you turn 18.
So if you are 18 you can register an account. You may have to wait until you are 19 to contribute, if the province you live in is one of the above.
Example:
You are 18 and you live in New Brunswick. You register a tax free savings account. You cannot make a contribution, but you will get $5000 contribution room. The next year you turn the legal age of 19. You can now contribute to the TFSA. You now have $10,000 contribution room.
You are 18 and you live in Ontario. Your register a tax free savings account. You can make a contribution right away. You have $5000 in contribution room.
Hope this is clear!

Can I Use A Savings Card To Purchase Items Online?

Increase Savings — Fri, 18 Dec 2009 18:36:34 +0000

Or do I need a credit card to purchase things via the internet?

What Is The Best Bank For Me To Open A Savings Account & Get A Debit Card?

Increase Savings — Fri, 18 Dec 2009 12:28:51 +0000

in sixteen & i need a place for my money. and i want to use a debit card
i need something w. a good return rate.
& dividends maybe?

Finding Out Who Purchased A Savings Bond And Who Cashed It?

Increase Savings — Fri, 18 Dec 2009 06:40:42 +0000

I don’t have the numbers, but I know who purchased them (my grandfather). Is it possible to find out who cashed them? They were either stolen or lost a couple years back and I was wondering if there is a way to trace this? Find out what the numbers were? Any help is appreciated. Thanks.

Does Anyone Know How To Get Started With A Savings Account With Ing Direct?

Increase Savings — Fri, 18 Dec 2009 06:32:21 +0000

Additionally, it is my understanding it is good to get a customer referral. I go to the website, but can’t find the info to start an account. Any help out there available?

What Is The Best Bank For Me To Open A Savings Account & Get A Debit Card?

Increase Savings — Thu, 17 Dec 2009 12:25:52 +0000

in sixteen & i need a place for my money. and i want to use a debit card
i need something w. a good return rate.
& dividends maybe?

Have Any Of You Bought Or Sold A Home Through Upromise To Get The 1% College Savings?

Increase Savings — Thu, 17 Dec 2009 06:38:00 +0000

How did it work? I know the three realty agencies to choose from are Coldwell Banker, ERA, and Century 21… But do you get to choose which specific realtor you want to work with? And do you automatically get 1% of the sale price, (up to $3,000) deposited into your upromise account, or is it just whatever that particular agent offers, up to 1%?

Can A Bank Go After Your Checking Account Or Savings In Another Bank?

Increase Savings — Thu, 17 Dec 2009 06:37:59 +0000

A small business loan defaulted witha given bank since the business went out of business. The bank took all funds out of a business account to satisfy part of outstanding thus eliminating cash flow causing Co to fail.