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.
After a stay of 24 hours or more (but less than 48 hours) in the United States, a Canadian resident may return to Canada with: 1  CA $200.00 worth of goods, tax and duty free, per person. 2  Any purchases of alcohol or tobacco may be subject to duties and taxes.