Take a look at Canada

[jel1988]

We Canadians just take it in the back door as our government raises taxes, hydro rates eco fees. I hate snow so I spend my winters south when you tell people the price of things they cannot understand how you can afford to live. If someone here suggests raising taxes it will be the last election they will participate in as a candidate! I equate the standard of living very simple, a pack of cigarettes, a 24 of beer (name brand not that discount crap) and a pizza. Here $40 bucks including a tip for the delivery guy at home the same costs $ 90 yes I tip the delivery guy in Canada too, not all of us are cheap contrary to popular opinion down here.

 

[check]

Yes, I remember when I got $1.10 US for $1.00 Canadian - that would have been in 1976.
Canada has always been more expensive for general purchases. Medical expenses is another story and the system in Canada takes a lot of beating IMHO. We have both socialized medicine and private and both work. Many people like myself, retired but have some medical issues, are more than adequately cared for - I very much doubt you could do better in the US system of insurance healthcare.
I would often see US plated cars in BC near large shopping malls. I got talking to one owner who said the medicines were often cheaper in Canada and it was worthwhile taking the time to drive across the border. For pretty much everything else it is cheaper to shop in the US.

Well, XE.com pegged the Canadian dollar at $1.08 US back on November 6, 2007, but that would have involved a bit of commission. For the past few years, the two dollars have been pretty even, until the 2014 oil price drop, and then BOOM! The Canadian dollar dropped dramatically relative to the US dollar, and now hovers around 80 cents US. So that, plus cheaper prices to begin with on some things make it a bargain to shop up here. Do it on an ad hoc basis, however, as some companies try to restrict cross-border shopping. For example, here is what it said on my old 2010 F150 window sticker:

View attachment 2010 F150 window sticker.pdf

I wonder what the legal status of "NOT INTENDED FOR SALE OR REGISTRATION IN THE US" is?

(BTW, I only paid about $31K for the truck when the bargaining war was finally over.)

 

[kiotiken]

I listen to a Kingston radio station quite often. Is it true what I heard there last week about you guys paying around $25 for a 12 pack of beer? Love Canadian beer for sure, but not that much if it's true!

Yup, it's nuts. I live in Ontario (Ottawa) but work in Quebec (Gatineau). I can buy a 24 of Stella for $29 at Costco in Quebec, I've paid almost the same for 12 in Ontario. They also have 60 cases of Coors Light for $59, even had them on sale last month for $7.50 off.

 

[kiotiken]

Well, XE.com pegged the Canadian dollar at $1.08 US back on November 6, 2007, but that would have involved a bit of commission. For the past few years, the two dollars have been pretty even, until the 2014 oil price drop, and then BOOM! The Canadian dollar dropped dramatically relative to the US dollar, and now hovers around 80 cents US. So that, plus cheaper prices to begin with on some things make it a bargain to shop up here. Do it on an ad hoc basis, however, as some companies try to restrict cross-border shopping. For example, here is what it said on my old 2010 F150 window sticker:

View attachment 414958

I wonder what the legal status of "NOT INTENDED FOR SALE OR REGISTRATION IN THE US" is?

(BTW, I only paid about $31K for the truck when the bargaining war was finally over.)

I woke up on that day to hear the dollar was at $1.10. I dropped my breakfast, logged into my web banking and transferred every dime I could get my hands on to my US cash trading account. It only lasted one day, not even the entire morning if I recall correctly. Last week, I ended up selling one of the stocks I bought with some of that money. I did pretty well with the stock, but since I bought the money at $1.10 and sold it at $0.75, I made off like a bandit.

 

[PILOON]

I won the 3rd place TBN 'guess the date/time' contest.
Prize was $50.00 US and I selected Wallmart as I need a battery and oil for my tractor.
Wallmart converted that to $Canadian and my winnings were then $60.00.

Than you TBN. (and Wallmart)

 

[Garandman]

I won the 3rd place TBN 'guess the date/time' contest.
Prize was $50.00 US and I selected Wallmart as I need a battery and oil for my tractor.
Wallmart converted that to $Canadian and my winnings were then $60.00.

Than you TBN. (and Wallmart)

And the you paid - 14.75% tax? So back to US$51.15.

 

[prs]

As stated, this was back in the 80's. And it was not me personally, it was my stepfather. I never heard him mention income tax implications on this side of the border. He has now been deceased several years so I can't verify anything.
But from my own personal experiences of buying bucket trucks & Harleys out of state, New York got their sales tax when the vehicle was registered. I did not have to pay sales tax in the states that the vehicles were purchased in. Income tax was not a factor as all transactions were on this side of the border. Sorry I didn't have a better answer on the GST/PST question.

Refunds of expenses paid are not income, so not taxed. But, if you claimed that expense as a deduction on a previous return, then you need to file a corrected return.

prs

 

[Looking4new]

Refunds of expenses paid are not income, so not taxed. But, if you claimed that expense as a deduction on a previous return, then you need to file a corrected return.

prs

Thank you. I will sit corrected.:thumbsup:

 

[JJZ 109]

Refunds of expenses paid are not income, so not taxed. But, if you claimed that expense as a deduction on a previous return, then you need to file a corrected return.

prs

I need to do nothing. As posted, it was not me. As also posted, the person involved never mentioned income tax issues and is long since deceased.
Nothing personal, but I have an accountant. I don't come to TBN for financial advice.

 

[prs]

I need to do nothing. As posted, it was not me. As also posted, the person involved never mentioned income tax issues and is long since deceased.
Nothing personal, but I have an accountant. I don't come to TBN for financial advice.

I apologize for upsetting you. In my reply, I was not referring to "you" specifically when I used the term "you". It was the general "you" that so many of us misuse when we should say "one". Actually, I think one of our Canadian members was more or less the "one" to whom my "you" was more or less directed. My bad. I agree with "you", I let my CPA do the cyphering and official decision making relative to taxation.

prs