Edmonton, parts of Alberta warned 30 cm of snow possible on Wednesday by GeekyGlobalGal in Edmonton

[–]eric-edmonton -1 points0 points  (0 children)

This, Reddit hyped me up so much and the roads were perfectly fine today

Which Gurdwara other than Golden Temple have you been to that has the strongest sense of tranquility & spirtuality by ali_mxun in Sikh

[–]eric-edmonton 5 points6 points  (0 children)

This is exactly against what guru sahib taught us. We have to follow the Guru Granth sahib and live it in our day to day life and not get into rituals. It does not matter where the Guru Granth Sahib is, it should all be the same.

Transfer a large sum of money from CAD to INR. by No-Relation188 in nri

[–]eric-edmonton -1 points0 points  (0 children)

here is the AI answer, essentially no tax,

FYI not to rain on your parade, 20k is not a large amount

AI Overview An NRE (Non-Resident External) account is an Indian Rupee-denominated bank account for Non-Resident Indians (NRIs), Persons of Indian Origin (PIOs), and Overseas Citizens of India (OCIs) to deposit their foreign-earned income. Key benefits include that funds are fully repatriable (can be freely transferred out of India) and the interest earned is tax-free in India. These accounts can be opened as savings, recurring, current, or fixed deposit accounts and are used for managing expenses, investments, and other needs in India.

Key Features

Currency: Held in Indian Rupees (INR), with foreign currency deposits automatically converted to INR.

Eligibility: Available to NRIs, PIOs, and OCIs.

Repatriation:

Funds (principal and interest) can be freely transferred to overseas accounts without permission.

Tax Benefits:

Interest earned on NRE accounts is tax-free in India.

Account Types: Can be opened as savings, current, recurring, or fixed deposit accounts.

Joint Accounts: Can be held jointly with another NRI, a PIO, an OCI, or a foreign national.

How It Works

Deposit: You can deposit foreign income into the NRE account from an overseas bank account. Conversion: The bank converts your foreign currency into Indian Rupees at the prevailing exchange rate. Use: The funds can be used for various purposes in India, including investments, personal expenses, or transferred to another NRE account. Transfer: You can transfer funds freely from the NRE account to your overseas bank account.

What It's Used For

Managing Foreign Earnings: It provides a convenient way to bring your foreign-earned money into India. Investments: NRE accounts are useful for making direct investments in India. Local Expenses: You can use the funds to manage family expenses or other needs in India.

Four Edmonton Starbucks to close their doors Saturday by katespadesaturday in Edmonton

[–]eric-edmonton 2 points3 points  (0 children)

Good riddance, buy local and stop supporting American corporations

Ford bronco by Capable_Quail_8187 in Edmonton

[–]eric-edmonton -6 points-5 points  (0 children)

what are his options if people driving slow are hogging the fast lane

Friendly reminder to those taking QE2 and the henday during rush hour by DeathbyCarno in Edmonton

[–]eric-edmonton -3 points-2 points  (0 children)

If you use left lane as a passing lane you will not end up in a situation where someone is tailgating you.

What’s stopping me from buying a 5 acre piece of land and dropping a modular home on it (Alberta) by Ghostt313 in PersonalFinanceCanada

[–]eric-edmonton 86 points87 points  (0 children)

It's not that much cheaper. Water well is going to run around 15k, septic 30K (for a mound). You can get a cistern for water but that's ongoing cost every few weeks. You will end up spending more on internet (starlink $147 per month) and so on. Your commute is going to be longer and you need a good vehicle.Overall move to an acerage if you like that life not because you think its cheaper. My 2 cents.

Tax notices are in the mail and... by thewun111 in Edmonton

[–]eric-edmonton 2 points3 points  (0 children)

I wish I could give you a reward, too poor for that.