I just hate the fact that they send me a statement of investment income(as if i'm a millionaire) so I have to declare the interest from my savings accountto Rev Canada...No other bank did that to me.
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I just hate the fact that they send me a statement of investment income(as if i'm a millionaire) so I have to declare the interest from my savings accountto Rev Canada...No other bank did that to me.
Big banks usually send you a T5 slip if your interest income is $50 or more in the tax year. But CRA wants all interest income reported regardless if you get a slip or not-it's a line 121 thing on the T1 income tax return.
I saw a Tangerine ad on TV this week-while the new spokesman does not have the same vocal presence as his ING predecessor, hopefully he can convince the ad agency to lose the professor elbow patch jacket. He looks stuck in the 1980s. Maybe an a stylish tangerine jacket would do the trick.
Everyone have a Wonderful Weekend
You as well.Quote:
Originally Posted by ROMEO
ING Tangerine Bank commercial is now on TV. Saw one last night, I think.
If you have a tax free savings account - they shouldn't be sending you a statement because the interest is tax free and doesn't need to be reported. Unless you have more than $25000 in a savings account - it SHOULD be a tax free one. (It is up to you to ask for a tax free format). Then you will want to shop around for the best rate on your savings account - because they are not all alike. You can have a number of tax free accounts (not that that is a good idea but it is possible). Because, in BC, we pay our property taxes on the first of July - I have a tax free savings account that I put my tax money in for the entire year each month - then take it out when I need it. I put extra funds in and use that as my emergency fund savings.Quote:
Originally Posted by Shirnette
Attachment 231513
And now we have a Tangerine as bank... Phew! ;)
Did anyone else receive the large Orange booklet outlining all the perks that are now available to us as ING customers since their name change and merger with Scotia Bank? The one thing that I loved is we are now able use the Scotia Bank ATM's for free! I have since tossed that booklet out, it had plenty of other info in it too.
I received that big orange book. What I wasn't sure about is whether we'll still be able to use the old exchange network ATMs too. Do you know if we can use them without paying fees?Quote:
Originally Posted by walkonby
Thanks for the update about the booklet. Have not seen it yet. Was hoping for more bank machine acces and they have heard my wish.Quote:
Originally Posted by walkonby
Are there any specials or deals with the change to Tangarine Bank
Thx.
Quote:
Originally Posted by sweet sparrow
Shwa I do not see any " deals " but here are the changes that I felt were worth mentioning.Quote:
Originally Posted by Shwa Girl
Nothing is too much to ask when it comes to my sc friends, I dug the orange booklet out of the recycle bin and it says:
-Make free deposits and withdrawals at nearly 4,000 Scotia Bank ABM's across Canada
(starting in early May you will be able to access these machines, including those at Shell, 7-Eleven, Quickie and convenience stores, Cineplex and Couche-T
-As of Sept 30, 2014 however Tangerine will no longer be part of the Exchange network, it will not be free to use these ABM's. so look for the nearest Scotia bank machine.
-Keep an eye out for a new Tangerine card which will arrive in the coming months. It will replace your existing ING DIRECT client card, but will have the same client card number and pin as your current card. You will need to activate your new card before you use it, either by phone or online by Sept 30,2014. Once activated the old one is void, destroy it.
Also one other thing the names of the accounts all seem to be changing from what they were to the word Tangerine in front of it, so for example Thrive Chequing is now Tangerine Chequing, Investment Savings Account ( ISA) is now Tangerine Savings Account and so on.
Thanks so much!Quote:
Originally Posted by walkonby
Really helpful!:top:
There are lots of Scotia Banks around, even at 7-11 gas bars (withdrawal only), so that is good.
May be a good idea to have a new card too. Helps with decreasing identity theft.
yup. I have no problem with them losing the other machines, as you say plenty of Scotia ones around. Glad I could help.
As long as they just change the name & keep everything else same , I am cool with it.
After Scotia took over E*Trade Canada & made it Scotia I*Trade , they messed up everything..increased prices & horrible service..everything went downhill pretty fast , so much so that I closed my account with them.
Hopefully Ing Direct is different after the takeover & name change.
I find thesedays their rates are not as good as before , since Scotia took over .
Much better rates elsewhere :)
