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How can net profit be positive when expected payoff is negative? 27 Aug 2013 | 05:15 pm
I was reviewing someone's trade history in FxPrimus and came across this (main currency USD): What strikes me as odd is that even though gross profit is $0, gross loss is $3649, and expected payoff i...
What capital gains taxes do non-resident Canadian citizens owe? 27 Aug 2013 | 02:13 am
I live in the Caribbean. I remain a Canadian citizen, but a few years ago I declared myself a non-resident for tax purposes. Assuming I have no income in the Caribbean, and I make $100,000 on stocks o...
Does the IRS give some help or leniency to first-time taxpayers? 26 Aug 2013 | 01:48 am
As young people enter the work force, does the IRS give some help or leniency to first-time taxpayers? Or is it generally the parents' job to make sure that their children pay their taxes on time corr...
What taxes do I pay on interest earned on a savings or GIC account? 25 Aug 2013 | 11:06 pm
If I put 10 000 $ in a savings account that pays 1% interest, then after a year, I get 100 dollars in interest. Is this 100 $ taxed at my marginal tax rate? Does the answer change if the account was a...
Should insurance pay me tax (hst) on top of the quote for home repairs? 25 Aug 2013 | 11:00 pm
I'm in the middle of an insurance claim for a flood at my house. Insurance gave us a quote for the repairs but we do not want to use their contractors because we have heard negative stories about them...
Employer wants a key man insurance policy on me, should I agree? 25 Aug 2013 | 10:51 pm
Friend is working for a small company as main person in charge of operations. The president is asking them to take out a key man life insurance policy on them. The benefit would pay out to the company...
Upside-down mortgage - pay it down or invest elsewhere? 25 Aug 2013 | 10:53 am
7.5% fixed rate 30 year mortgage, ~100k more than the house appraises for. 7 years into the loan. Variable 'extra' income between 20k and 30k net per year (new job!). No other debt and our only invest...
401k early withdrawal impact on unemployment benefits 25 Aug 2013 | 04:11 am
I'm helping my SO plan for the worst since being laid off from work two weeks ago. The unemployment office's (Illinois) documentation has lots of convoluted language that among other things seems to i...
What is the role of expense tracking in the long term? 24 Aug 2013 | 11:44 pm
Exactly as the title says: what is the role of expense tracking in the long term? I can understand expense tracking being very beneficial in the short term if you've recently changed your lifestyle o...
Is there a most efficient way to pay off multiple loans with the same interest rate? 24 Aug 2013 | 07:41 pm
My Situation: About $36k USD in graduate student loans. There are 4 different federal loans in play, each with a fixed rate of 6.8%. $12k w/ ~$1.2k in unpaid interest $10k w/ ~$1k in unpaid intere...
