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.
Goods you bring in for commercial use or for another person do not qualify for the exemption and are subject to applicable duty and taxes. In all cases, goods you include in your 24-hour exemption (CAN$200) or 48-hour exemption (CAN$800) have to be with you upon your arrival in Canada.