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cowofwar posted:First world countries need immigration and growth to stave off collapse, and the most difficult things to automate are fiddly jobs in non-standardized locations so probably a white collar trade like electrician. Although I'm sure regulations will continue to weaken so that instead of needing an electrician to do the work you can just hire a firm that has one electrician and they send a non-certified TFW to do the job after they get your app order. Already happens. Technically you only need the electrician to do the connection at the panel or receptacles/etc. Running of cable is general labour (and generally takes the most time.)
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Jul 5, 2017 00:15
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pokeyman posted:Ah ok. So Interac "won" as the debit card network in Canada (was this a tough battle?), so much so that it’s not really meaningful as a name until you get outside Canada, at which point nobody knows wtf you’re talking about. No, they were in place well ahead of visa. And merchants love it since it's flat rate (10-25c iirc). Visa/etc arrived and entered the market with higher rates, and the law is if there's a cost choice, banks have to use the cheapest network.
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Oct 23, 2017 04:09
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visa credit and visa debit are different products (although share the same clearing network). Interac competes with Visa debit and obliterated it in Canada. that being said you can do Visa debit in the states (and US people can do Visa debit up here), which is basically the only reason visa debit exists in Canada.
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Oct 23, 2017 04:26
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that's exactly it. Interac as an entity has a marketing/branding budget (it basically got very large when visa debit made their push to the Canadian market), so they use it. Part of the reason for that is originally banks could only represent 1 credit card network (ie: visa, mastercard), so Interac increasing their marketing was a giant gently caress you by the mastercard aligned banks forcing the visa aligned ones to advertise against themselves.
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Oct 23, 2017 04:48
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VelociBacon posted:If I'm a bank which presumably offers credit cards why would I ever want to participate in debit card marketing? I'd want people racking up their credit cards so I can profit off the interest. Interac was originally a bank clearing network - so you could use your bank card at another bank machine to take out cash. Competitors were like Cirrus and Plus (both very expensive and international), so interac was created to make a cheaper alternative. It was very good at that, so every bank type entity joined - this includes ATM operators/etc. Remember - credit cards were still manually processed at the time using carbon paper and signatures. Pre auth was done by calling various 1-800 numbers and spending 5 minutes on the phone. Per transaction. When credit cards started doing pre-authorization via automated terminals that could handle concepts like password/pin numbers, it was fairly easy for interac to add direct debit payments for commercial account owners (as in reality a vendor is the same as an ATM - money comes from account A and deposited to account B, and interac already could take money out of people's individual accounts live). So Interac debit payments basically arrived overnight to every vendor that had a card processing terminal device. Visa/Mastercard were still trying to figure out how to automatically take money from individual's bank accounts as each of their bazillion members banks had different systems. (Credit accounts are/were basically managed by Visa and backed by the individual banks for all intents and purposes) Interac had the right tech and was in place at the right time and being non-profit, had the lowest fees. All other debit networks had no chance. Why participate in marketing? Because they had to - interac is like a co-op, every member pays. If a member doesn't want to play nice, then it leaves Interac - but all it's customers will hate them and leave since they can't use their bank cards anywhere*. ie: Pay $5mil or lose $1billion. The only reason to join things like Visa debit is for international debit clearing and to tell ownership that you've got redundancy. * - cheaply. The transaction would go via another network and instead of being 10c, it'll clear for like $5 [eg: cirrus/plus] - so same result. (Edit: just looked it up - $0.50/interac, $1.50/visadebit, $3-5/other) unknown fucked around with this message at 19:38 on Oct 25, 2017 |
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Oct 25, 2017 19:32
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wire transfer is best (instant), but there's fees at both ends (sender and receiver) for a total of around $100. draft is 2nd but has the issues you mentioned.
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Jun 19, 2018 14:21
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Wirth1000 posted:I've seriously considered getting that monthly ~*FRAUD DETECTION SERVICE*~ from either Equifax or TransUnion. It's like $14.95 a month? Does anyone have that? Is it even worth it? I have it for Equifax from a bazillion years ago due to someone's losing my cc details (loving enterprise car rental not shredding their internal paperwork and getting their trash "stolen"). I get emails monthly if there's nothing, and if there is a credit check, I'll get an email within minutes. Get to view my rating, updated quarterly. Note that the agencies have multiple ways of computing that number, and I only see one version of it so your bank's number might be different. Interestingly is that I did a onetime payment for a yearly account, and they've never stopped/locked my account. Tells you how secure they are internally. Is it worth $15/mo? No. Go onto RFD (RedFlagDeals) and there's always some retailer giving away a free year.
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Jun 23, 2018 04:18
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There's that Buffalo/Detroit link (with a side to Toronto) which passes through Canada. I'm assuming it's just a usage lease of the Detroit/Toronto link, although I was under the impression is was already at capacity since it's a single line.
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Oct 22, 2020 19:10
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Is it not possible to do a bank wire/swift transfer? It's generally not an online product, but commonly done in a branch. They're used all the time for businesses cross border/international. Just get the swift account details from the your recipient bank branch (a bit more detailed than regular info), as they're critical so your money doesn't go to the wrong place as it's a huge process to get it back.
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Dec 23, 2020 02:55
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Sounds like what we went through, except that the lender was using an antiquated check list - they required a copy of the physical check of the gift. Except it was a transfer within td, so there was no check and they couldn't get past that. Seriously. Different lender was no problem (also got a better rate too)
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Jan 21, 2021 02:37
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4% inflation? Probably there. BoC's target rate is 2%.
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Mar 25, 2021 20:28
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Hahaha, probably $20 in fees to deposit a foreign bank cheque plus lovely currency exchange rates. It's also a 3+ week hold. Online like paypal is the way to go.
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Jul 20, 2021 21:46
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Go with the mortgage, but something to keep in mind is selling the house when the time comes - what's the selling market like. (because it won't be Toronto where you sneeze and a buyer shows up). If you ever need the capital out, it might take a bit (months) to get a buyer.
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Aug 3, 2021 01:21
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Calumanjaro posted:I'm so pissed off at td right now. They refused to process my mutual fund purchases without "updating my investor profile". And now I've been on hold for 2 hours. Just a heads up for anyone else, evidently there's a bunch of new KYC (know your client) rules that have kicked in/kicking in this year, so basically everyone has to update their investor profile with any broker they deal with.
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Dec 25, 2021 19:18
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Also many times worth paying off 1 (or more) months early. There's been quite a few where they basically are attempting to make sure you violate a clause so they can charge you that lingering interest payment. Great one was the 24 payments - but the grace period wasn't included in the last payment.
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Apr 6, 2022 17:44
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At the time of the reverse split, it's mathematically neutral as Subjunctive said. Like a 10 to 1 reverse split of a $1 share will change the share price to $10. But the connotations of the split are as you mentioned bad - usually it's used when there's a listing requirement of something like "share price must always be above $1/share". Of note that phrase doesn't list how many outstanding shares there are - so in the above example a 10 to 1 will goose the share price to $10. Investors don't like reverse splits because it means that something bad is happening (ie: shares are tanking) usually. It's also used by shady owners who do things like grant themselves special deals on shares before the revsplit that aren't subjected to the split due to legaleze, so it effectively gives them (in the above example) 10x the shares when the deal executes after the revsplit.
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Jul 20, 2022 16:36
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He doesn't have a case. He gambled and lost on junk/penny stock trades. Probably got his advice from /r/superstonk or something. Here's probably what happened. - Company A is in confidential talks with Company Z who wants to buy A. The general agreement is that the individual shares must be worth more than $x.xx - Company A's shares are worth pennies. So they do a reverse split to increase the value of the individual shares. - Company A is also sitting on a bucket full of cash ($Y millions) that they need to give to the shareholders before the merger (otherwise the cash goes to Company Z). - Company A then does a share buy back, where they buy $Y million worth of of their own shares back from the owners - every owner gets the same percentage of shares bought back on the "buy back day" (eg: 2.325%). - Now that Company A's shares are above the price minimum and now all cash is gone, they announce the merger. Share price spikes! Each of those steps are perfectly normal for a publicly traded company.
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Jul 20, 2022 18:19
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The building management should know who owns which spots - as they need to know who to While similar units may come with 2 spots, the original unit buyer may well have only purchased 1 spot - often on new builds units are allocated the ability to purchase X number of parking spots, and your unit's owner may have only wanted one spot. Edit: A previous unit own may well have sold one of the parking spots to a 3rd party too. Yes, in some buildings you can buy just a parking spot.
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Sep 6, 2022 19:54
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Pretty sure I read that the CRA comes back to you and makes you prove that you're not doing trading in your TFSA as a "job" (as income derived from that is taxable) type of situation. Same kind of thing with people who were flipping houses and claiming them as their primary residence so they wouldn't pay any taxes on the sales.
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Dec 23, 2022 20:06
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It's something where you need to read the policy carefully. It's (generally) a very high payout item, so the insurance companies don't want to actually make any payments, so there's usually lots of disclaimers/outs/etc. You'll probably have a lot of "why didn't you do X before the diagnosis to mitigate it?" questions to deal with. But could be good if your risk category is higher like what your work life is like (maybe you do asbestos removal?) or some other higher risk type of job where weird things happen years down the road...
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Sep 13, 2023 02:01
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Jordan7hm posted:Not if it’s a gambling windfall. Seems like putting it into the TFSA to entirely avoid taxes is the way to go. Depends on the gambling. If it's official/licensed (ie: local casino/OLG type scenario - ie: you're paying taxes via the host), if anything else, it's generally taxable income.
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Dec 15, 2023 16:56
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Jordan7hm posted:I thought the distinction is whether or not the winnings are luck or skill based, and if skill based whether or not you’re a professional, not where you win the money. That link roughly corresponds with what I said. If you go to a poker tournament and won big money, you'll have a hard time proving that you went in expecting to lose (which is tax free). And luck based games are licensed by the government (lottery/casino) in order to prove they are indeed luck based and everyone playing has a fair chance. That being said, the law is written such that there's a lot of vagueness at tax time to nail you either way.
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Dec 17, 2023 04:13
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LOL I know one company that hosed up so hard - they had their finance department issue T4As to all their supplier's accounting contacts (ie: personal names) for the value of the services they purchased. Yes, we're talking like sending a T4A to like their landlord, and stuff like that. Just mind boggling how bad a fuckup.
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Feb 29, 2024 16:37
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But I could be wrong. Edit: I'm wrong. unknown fucked around with this message at 01:14 on Mar 19, 2024 |
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Mar 19, 2024 01:10
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