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.
Itâs a misconception that native people in Canada are free of the obligation to pay federal or provincial taxes. First Nations people receive tax exemption under certain circumstances, although the exemptions don't apply to the Inuit and Metis.egal Exemption for Status Indians. âAll Canadians are required to pay taxes, but they can take advantage of various options to reduce the amount they have to pay,â says Joseph. Section 87 of the Indian Act provides Status Indians with certain benefits.