TIP0007
I am back with some more saving tips...
As you know, Canada tax filing season is on and everybody must be looking to file their taxes. Here are some ways by which you can save taxes:
1. Putting your money into RRSP, it reduces your income by the amount you invested in RRSP but not more than the limit set by CRA for you.
2. TTC subway monthly passes, if you have used monthly passes for TTC then you can claim that amount, you get 15% of the amount you spent.
3. Amount spent on borrowing money or paid to an agent for investing in mutual funds or dividends.
4. Moving, if you have moved at least 40 kms closer to your work then you can claim the moving cost, you get 15% of the amount spent.
5. Medical expanses, amount which was spent by you on medical services and those were not covered by your insurance then that amount is eligible for tax claim, you gain get 15%.
6. First time home buyer, if you are first time home buyer then you get $750 in you tax return back as part of HST.
7. Money spent on fitness of your kids, if you spent any money on the activities or fitness of your kids then then amount will get you 15% back.
8. TFSA, all interest earned in TFSA is tax free.
9. Always enter the amount of rent you PAID or Property Tax paid in your tax return, it might get you some GST/HST return.
10. Donations, if you have made some donations then you get 15% of the amount back in tax return.
Hope above tips helps you same some money, if you have any queries or need any clarifications on above then leave comments and I will explain you the method..
Happy savings..
Friday 19 February 2016
Thursday 4 February 2016
Money transfer to India - Best exchange rates and service
TIP0006
I am an Indian and can understand the pain of looking for best exchange rates to transfer money to India.
People usually gets confused with so many options of service providers to transfer money, today I will be comparing the pros and cons of two best money transfer options available from Canada; "ICICI Bank Money 2 India" and "Transfast"
ICICI Bank Money to India:
This is a money transfer service provided by ICICI bank India and is very reliable. Below are the pros and cons of the same
Cons:
1. Longer first time setup
2. Low exchange rates
3. Longer time to transfer money to other banks than ICICI
4. Hidden exchange rates for variable money transfer
5. High fee
Pros:
1. Instant money transfers to ICICI bank
2. Instant pickups at lots of locations in India
3. Considered more reliable as the name attached with ICICI
4. No pre set limits on transferring money
Transfast:
This is a money transfer service provided by UAE bank and is pretty much like any other service provider. I like this most due to below pros but there are obviously some cons:
Cons:
1. Longer first time setup
2. No instant money transfers
3. Does not have all Indian bank branches listed for transfers
4. Sometimes require additional docs for verification which results in delay in receiving money
5. Pre set limit for transfers, which is annoying sometimes
Pros:
1. Very attractive and high exchange rates
2. Very reliable
3. Low transfer fee
4. Lots of offers to transfer without any cost
5. Refund process is lengthy
I will prefer Transfast if you are OK to wait for 1 or 2 days for receiving money as it gives very attractive and high exchange rates.
Decision is all yours.. Happy Savings...
I am an Indian and can understand the pain of looking for best exchange rates to transfer money to India.
People usually gets confused with so many options of service providers to transfer money, today I will be comparing the pros and cons of two best money transfer options available from Canada; "ICICI Bank Money 2 India" and "Transfast"
ICICI Bank Money to India:
This is a money transfer service provided by ICICI bank India and is very reliable. Below are the pros and cons of the same
Cons:
1. Longer first time setup
2. Low exchange rates
3. Longer time to transfer money to other banks than ICICI
4. Hidden exchange rates for variable money transfer
5. High fee
Pros:
1. Instant money transfers to ICICI bank
2. Instant pickups at lots of locations in India
3. Considered more reliable as the name attached with ICICI
4. No pre set limits on transferring money
Transfast:
This is a money transfer service provided by UAE bank and is pretty much like any other service provider. I like this most due to below pros but there are obviously some cons:
Cons:
1. Longer first time setup
2. No instant money transfers
3. Does not have all Indian bank branches listed for transfers
4. Sometimes require additional docs for verification which results in delay in receiving money
5. Pre set limit for transfers, which is annoying sometimes
Pros:
1. Very attractive and high exchange rates
2. Very reliable
3. Low transfer fee
4. Lots of offers to transfer without any cost
5. Refund process is lengthy
I will prefer Transfast if you are OK to wait for 1 or 2 days for receiving money as it gives very attractive and high exchange rates.
Decision is all yours.. Happy Savings...
Buying a new Car - Time to save
TIP005
Buying a new car at the right time can yield a huge pay off. In fact, you can save thousands of dollars on your new car purchases! So, the question remains, when IS the best time to buy?
December isn’t the only ideal time to purchase a new car. There are so many individuals who flock into the dealership in December in order to take advantage of special holiday offers that, by January, things tend to slow down significantly. If there’s another rule of thumb to follow, we would suggest that shoppers visit dealerships when demand is low. You’ll be more likely to save compared to shoppers who purchase when the dealership is at the height of demand. Demand tends to be lower when weather conditions aren’t ideal as well. On snowy days in January, there’s a decrease in demand. That’s another reason why January should be seen as an attractive month to purchase a vehicle. By neglecting January and early February, months where demand is lower than usual, you could very well be missing out on thousands of dollars in savings.
When sales are strong up until the end of December, dealers still push in January to meet or exceed goals and to sell remaining 2015 inventory. As soon as new cars from 2016 are on the lot, you can expect to receive attractive offers on brand new cars from the previous year- simply because they are from the previous model year. These remaining 2015 model vehicles are brand new, yet dealers are willing to provide steep discounts on these vehicles to make space for the new 2016 models. Manufacturers also provide incentives for customers to purchase remaining inventory. So visit the dealership now before all remaining 2015 models are sold. It’s your best chance at an unbeatable deal.
Sometimes, going against the grain is better. While everyone rushes to car dealerships in December, go in January. You can save up to thousands of dollars on your new car purchase!
Happy Saving ....
Buying a new car at the right time can yield a huge pay off. In fact, you can save thousands of dollars on your new car purchases! So, the question remains, when IS the best time to buy?
December isn’t the only ideal time to purchase a new car. There are so many individuals who flock into the dealership in December in order to take advantage of special holiday offers that, by January, things tend to slow down significantly. If there’s another rule of thumb to follow, we would suggest that shoppers visit dealerships when demand is low. You’ll be more likely to save compared to shoppers who purchase when the dealership is at the height of demand. Demand tends to be lower when weather conditions aren’t ideal as well. On snowy days in January, there’s a decrease in demand. That’s another reason why January should be seen as an attractive month to purchase a vehicle. By neglecting January and early February, months where demand is lower than usual, you could very well be missing out on thousands of dollars in savings.
When sales are strong up until the end of December, dealers still push in January to meet or exceed goals and to sell remaining 2015 inventory. As soon as new cars from 2016 are on the lot, you can expect to receive attractive offers on brand new cars from the previous year- simply because they are from the previous model year. These remaining 2015 model vehicles are brand new, yet dealers are willing to provide steep discounts on these vehicles to make space for the new 2016 models. Manufacturers also provide incentives for customers to purchase remaining inventory. So visit the dealership now before all remaining 2015 models are sold. It’s your best chance at an unbeatable deal.
Sometimes, going against the grain is better. While everyone rushes to car dealerships in December, go in January. You can save up to thousands of dollars on your new car purchase!
Happy Saving ....
Monday 25 January 2016
Play world wide lotteries sitting back home with double your amount
Time for new tip...
TIP0004
Hope you enjoyed your weekend..
I have seen people wondering recently to buy US Powerball lottery tickets, some of them were going to a bakery which was giving tickets with purchase and some were calling their friends in US to get the tickets for them.
There is one simple solution to buy tickets and play the biggest lotteries world wide and not event US ones.
You can go the site called "www.playhugelottos.com" and buy the tickets online for all world lotteries, I personally is using this site for long time and had no issues while claiming my winnings, the site is completely legitimate but charges 5% of your winnings for the winnings over $200 US.
Also if you deposit money to your account they will double the amount for the first time.
Also do remember the site charges little bit more amount than the ticket cost and charges in USD, but need not to worry they give many promotions to get free tickets and you get point at every purchase which you can use to buy more lottery entries.
The next biggest lottery is Superenamax from Europe estimated at around $300 million CAD.
So do not wait, just signup and buy at the ease of sitting back home...
Do not remember to donate 10% to me if you wing big... just kidding :-)
Enjoy...
TIP0004
Hope you enjoyed your weekend..
I have seen people wondering recently to buy US Powerball lottery tickets, some of them were going to a bakery which was giving tickets with purchase and some were calling their friends in US to get the tickets for them.
There is one simple solution to buy tickets and play the biggest lotteries world wide and not event US ones.
You can go the site called "www.playhugelottos.com" and buy the tickets online for all world lotteries, I personally is using this site for long time and had no issues while claiming my winnings, the site is completely legitimate but charges 5% of your winnings for the winnings over $200 US.
Also if you deposit money to your account they will double the amount for the first time.
Also do remember the site charges little bit more amount than the ticket cost and charges in USD, but need not to worry they give many promotions to get free tickets and you get point at every purchase which you can use to buy more lottery entries.
So do not wait, just signup and buy at the ease of sitting back home...
Do not remember to donate 10% to me if you wing big... just kidding :-)
Enjoy...
Friday 22 January 2016
World Calling - Provider's comparison and savings
Time for new savings tip....
T0003
Most of you must be having friends and families living in different parts of world, technology have crossed all the borders and has made world a very small place. But moving throughout the world costs too much.
Who doesn't want talking to their near and dear ones and keeping in touch with them on affordable rates.
Stop paying too much on old fashioned home phones and yet not getting the ease of calling world. Here are few best options available at the most affordable price:
1. Vonage VOIP phone
Connection cost 0
Device cost 0
Monthly charges $30
Call 60 countries throughout the world and that too unlimited
Just connect the device to your internet router and a home phone to the device and you are all set, u have a home phone which can call 60 countries in world unlimited including US and Canada.
Also you can extend your home phone plan to your cellphone by downloading Vonage app, two cellphones can be connected and then you can make international calls from cellphones too.
So stop paying too much and start talking..
2. Another option is getting an account on IndiaLD.com, you pay $30 and get 3000 minutes to call around the world from your cellphone.
Nice deal, No!!
Keep reading my posts for more saving... +1 and leave comments if you like ...
Happy savings...
T0003
Most of you must be having friends and families living in different parts of world, technology have crossed all the borders and has made world a very small place. But moving throughout the world costs too much.
Who doesn't want talking to their near and dear ones and keeping in touch with them on affordable rates.
Stop paying too much on old fashioned home phones and yet not getting the ease of calling world. Here are few best options available at the most affordable price:
1. Vonage VOIP phone
Connection cost 0
Device cost 0
Monthly charges $30
Call 60 countries throughout the world and that too unlimited
Just connect the device to your internet router and a home phone to the device and you are all set, u have a home phone which can call 60 countries in world unlimited including US and Canada.
Also you can extend your home phone plan to your cellphone by downloading Vonage app, two cellphones can be connected and then you can make international calls from cellphones too.
So stop paying too much and start talking..
2. Another option is getting an account on IndiaLD.com, you pay $30 and get 3000 minutes to call around the world from your cellphone.
Nice deal, No!!
Keep reading my posts for more saving... +1 and leave comments if you like ...
Happy savings...
Checking Account Saving - TD Canada Trust
Time for today's saving..
Tip 0002
Stop paying banks a hefty fee on each withdrawal from ATM and to get the physical cheques leaflets from them:
Who doesn't like to get unlimited ATM withdrawals, free cheque books, no minimum balance requirement and all of these for free.
Open a new checking account with TD Canada trust and get all above things for free for 6 months.
So act now !!!
Happy savings ....
Tip 0002
Stop paying banks a hefty fee on each withdrawal from ATM and to get the physical cheques leaflets from them:
Who doesn't like to get unlimited ATM withdrawals, free cheque books, no minimum balance requirement and all of these for free.
Open a new checking account with TD Canada trust and get all above things for free for 6 months.
So act now !!!
Happy savings ....
Thursday 21 January 2016
How to save on everyday things in Canada - TV Services
The way Canadian economy is badly getting impacted by the oil prices drop, a day might come when all products which are imported from around the world will be damn costly like cauliflower.
Here I will be suggesting you some of the ways to save money on your daily things without compromising with the comfort.
My post is targeted to all those people who are not tech savvy and being fooled by lucrative but false offers of the sellers:
1. Save on TV services
Getting a TV service in Canada is damn costly, you end up paying more than $20 a month to get the basic channels and if you add some premium sports or program channels to your service then it will be costing you more than $50.
I would give you an alternate way to save money and enjoy the channels all around the world:
a. Buy an android TV box from amazon (1 time investment $50)
b. Get a good internet service which gives you data limit of min 120 GB
c. Get IPTV service on your android box (you can get the same by looking on kijiji and its as cheap as $15 a month). You get all the Canadian, US and international channels.
No need for costly TV contracts and packages.
If you need more info, leave a comment with your email id. I will reply asap.
Stay tuned for more money saving options...
Here I will be suggesting you some of the ways to save money on your daily things without compromising with the comfort.
My post is targeted to all those people who are not tech savvy and being fooled by lucrative but false offers of the sellers:
1. Save on TV services
Getting a TV service in Canada is damn costly, you end up paying more than $20 a month to get the basic channels and if you add some premium sports or program channels to your service then it will be costing you more than $50.
I would give you an alternate way to save money and enjoy the channels all around the world:
a. Buy an android TV box from amazon (1 time investment $50)
b. Get a good internet service which gives you data limit of min 120 GB
c. Get IPTV service on your android box (you can get the same by looking on kijiji and its as cheap as $15 a month). You get all the Canadian, US and international channels.
No need for costly TV contracts and packages.
If you need more info, leave a comment with your email id. I will reply asap.
Stay tuned for more money saving options...
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