Friday, December 21, 2012

Is there a refillable money card that is available to all ages, and will work in Canada

Is there a refillable money card that is available to all ages, and will work in Canada?
I am going to Canada in February, and want to deal with plastic instead of cash. I will, however, bring some cash in case they don't take visa, master card, whatever. I am under 18 too, so I need something available to people of all ages. And I need something that they will replace if I loose it. And If possible, it would be excellent if you need a pin. So to wrap it up, I need a cash card that is refillable, works internationally, and if possible, has a pin.
Credit - 3 Answers
Random Answers, Critics, Comments, Opinions :
1 :
Visa gift cards work great. Get several for lower amounts. Have a great Time.
2 :
We have Visa and Master Card in Canada and they are accepted almost everywhere. American Express and Discover are accepted in only most places. There are prepaid Visa and Master Cards that can be purchased once here but your US cards will work fine so it would be kind of pointless. Cash is acceptable but it's better if you switch it to Canadian currency at a bank or currency exchange either here or before you leave. If you try to spend US cash at a store or restaurant you will likely get ripped off on the exchange rate. Good luck. I'm sure you will see Canada is pretty much like the USA.
3 :
Visa Pre-paid card. Works just like a Visa, anywhere a Visa is accepted, refillable. Only thing I can't say is if it has a PIN but it will work at an ATM. If you lose it, they will replace.

Friday, December 14, 2012

Can I maintain American citizenship but work and live in Canada

Can I maintain American citizenship but work and live in Canada?
How does that work? Would I have to pay taxes to both countries (or special kinds of taxes)? What rights would I enjoy if I just strip myself of my American citizenship and just become a Canadian? How many Americans live and work in Canada? Mamour: I'm a little confused. Do you mean I'd have to pay taxes to the U.S. even 10 years after I renounced my citizenship? Also, I meant more what rights would I enjoy as a Canadian citizen rather than just as a person living in Canada.
Immigration - 2 Answers
Random Answers, Critics, Comments, Opinions :
1 :
yes you do have to pay taxes(file each year)what rights would you enjoy from renouncing your US citizenship? none!even if you renounced to your US citizenship you would still have to file for 10 years,afterwards, ps: yes, even after you renounced, you still have to file for 10 more years. not sure why anyone would do this? think of you would lose from renouncing US citizenship?
2 :
You pay Canadian taxes on the income you make in Canada and US taxes on what you make in the US. You have to declare the income you made in the US on your Canadian taxes and vice versa.However, this is only so you can only claim your personal exemption in one country, not both. You will not be double taxed. You do not have to renounce US citizenship. There are hundreds of thousands dual US/Canadian citizens.

Friday, December 7, 2012

Will my Mastercard Credit Card work in Canada for regualr sales

Will my Mastercard Credit Card work in Canada for regualr sales?
I'm going to canada in a few days and was curious if my mastercard will work if i go out shopping. The exchange rate is 1 us dollar = .86 canadian. is it a good idea to use my credit card, if i can?
Credit - 2 Answers
Random Answers, Critics, Comments, Opinions :
1 :
Yes, your Mastercard will work. The currency conversion automatically happens - though you'll see it on your statement, not on the store receipt.
2 :
A Mastercard credit card from the U.S. will work in Canada. There is usually a foreign transaction fee of 1-3%. Your bank might impose a higher fee, so ask that bank before you leave. Also, the exchange rate used by the bank for credit card transactions might be different from the exchange rate that you mentioned and might change before your trip.