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.
24 Hour Exemption â $200 Canadian. If you are absent from Canada for more than 24 hours, you may claim up to $200 CAD worth of goods duty free as your personal exemption and all goods must be with you when you arrive.f the goods you bring in are worth more than $200 CAD in total, you cannot claim this exemption and you will have to pay duties and taxes on all goods you bring in to Canada.