Many credit cards charge an extortionate rate of interest, and most only require that you pay a small percentage of the outstanding balance each month (typically 2, or 2.25%). Using this calculator you can see just how long it takes to pay back money to a credit card company if you only pay the minimum.
Your âDuty Free Customs Allowanceâ is just the beginning! Hereâs the thing that savvy crossers know - Canadian and U.S. residents can shop as much as they like when they cross the border. âDuty Freeâ refers to the fact that there are set amounts regarding what can be brought across free of taxes and duties. The portion that is tax and duty free is called a customs allowance.
For more information, see Guaranteed Income Supplement on the Service Canada website. Allowance (ALW) The Allowance, until April 2023, is available to 60 to 64 year old spouses/common-law partners of OAS pensioners who receive the Guaranteed Income Supplement (GIS).The Allowance is available when 2014 combined annual income of both spouses (excluding OAS and GIS) is less than $23,016.ach $2 of income reduces GIS by $1. The following would be eligible to receive GIS in 2015, based on 2014 income: For exact details on what income from your tax return is included or excluded for purposes of calculating the GIS, see the GIS application form and instructions from the Service Canada OAS Forms page.