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.
As of June 1, 2012, the value of goods that Canadian residents can bring back into Canada duty-and tax-free has increased. Hereâs the lowdown on current personal exemption limits, all in Canadian dollars.For trips of:lus, youâre not entitled to bring back any alcohol or tobacco without paying duty and taxes on it; for that, you have to stay away 48 hours or more. â¢ 48 hours or more: $800 This limit has increased from the previous $400.