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Even if you have no tax to pay, it is beneficial to file a tax return because A. it is required by law, if you

Even if you have no tax to pay, it is beneficial to file a tax return because

A.

it is required by law, if you are over 18.

B.

you may be eligible for a tax-free, refundable GST/HST credit.

C.

you can carry forward non-refundable tax credits to future years.

D.

you can get a tax refund for your RSP contributions.

Which of the following is a disadvantage of using debit cards over credit cards?

A.

You cannot tell if your bank account will become overdrawn.

B.

The fees charged to the cardholder can become significant.

C.

You will not have a good record of your transactions.

D.

There are higher interest rates for debit cards than for credit cards.

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Jeff put $50 into a chequing account with a balance of $750 He then withdrew funds using the ABM machine 18 times that month at a cost of S1.50 per withdrawal and wrote 11 cheques at a cost of S0.75 each. The account also has a monthiy charge of nine dollars. What are the total bank charges for the month? OA. $900 O B. $44 25 Oc. $35 25 D $45,75

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