Border fees coming? - MoneySense

Border fees coming?

U.S. border authorities are looking into it. This and more in Monday’s roundup.

  • U.S. officials have commissioned a study to determine the feasibility of  charging vehicles and pedestrians crossing into the U.S. at the border.
  • The vast majority of Canadians (79%) surveyed by Cisco (an IT networking company) as part of a global poll on banking said they want more simplified service from the bank including heightened identity theft security, advice to increase savings, financial education and assessment of their financial status as compared to other clients. In exchange, respondents said they’re willing to share more personal information including fingerprints and financial information. More than 70% also said they’re comfortable communicating with their bank via text, email or video and 62% would open an account with a bank that is completely virtual if it offered the best and more secure services.
  • Here’s a good tax tip for self-employed Canadians from the Ernst&Young Tax Matters blog: Update your installment calculation to manage your cash flow. Tax on rental, investment and self-employed income has to be paid throughout the year in quarterly installments. The CRA provides three methods of calculating the tax payable and you can choose the option that results in the lowest quarterly amounts.
  • A new U.S. study suggests women are increasingly interested in taking control of their financial futures. More than six in ten women polled by Allianz Life Insurance Company of North America said they have an interest in learning about financial planning, retirement planning and investing, up from 35% in 2006. Still, 70% of women said they believe financial information is hard to understand, up significantly from the 44%.