Quote:No, the official 2009 - 2010 Wholesale Price Index is 11.49% as per the latest Economic Survey Report.
Originally posted by chcool
Official rate of inflation is around 8 % in India.
Quote:You will have to pay the taxes on your Indian income in Canada at your marginal income tax rate.
But again, you consider the taxes you have to pay in canada to calculate the ROI.
In India you dont need to pay tax as NRI, i do not know for OCI or PIO.
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"Mah deah, there is much more money to be made in the destruction of civilization than in building it up."
-- Rhett Butler in "Gone with the Wind"
Quote:
Originally posted by ashedfc
Nothing is guaranteed !!
There is risk everywhere. One has to manage risk
People normally ignore - Inflation risk, Currency risk.
Even a GIC (I wouldn't consider it a guarantee), because (apart from purchasing power) it doesn't take currency risk into consideration. Going forward currency swings will be a major factor in the global economy.
For example: 10% FD in Rs, over last 10yrs means nothing (0%) when you convert the Indian Rs into Canadian dollar.
Quote:
Originally posted by ashedfc
FII's borrow at 0% from US Fed/ BOJ (Bank of Japan), for them anything more than 0% is fine.
I found an interesting statistic about canada.
Goods and services that cost 100 $ in yr 2000 will cost 121.94 in yr 2010.
This is according to bank of canada.
Link ttp://www.bankofcanada.ca/en/rates/inflation_calc.html
Quote:That is exactly 2% annualized rate of inflation.
Originally posted by chcool
I found an interesting statistic about canada.
Goods and services that cost 100 $ in yr 2000 will cost 121.94 in yr 2010.
This is according to bank of canada.
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"Mah deah, there is much more money to be made in the destruction of civilization than in building it up."
-- Rhett Butler in "Gone with the Wind"
Quote:
Originally posted by pratickm
Quote:That is exactly 2% annualized rate of inflation.
Originally posted by chcool
I found an interesting statistic about canada.
Goods and services that cost 100 $ in yr 2000 will cost 121.94 in yr 2010.
This is according to bank of canada.
Compare against 12% wholesale in India and likely above 15% retail.
Quote:
Originally posted by ashedfc
Quote:
Originally posted by chcool
Let us assume The difference in inflation is 10 % annualy.
But see the difference in ROI potential, taxes etc.
Even though the returns are in India, you still have to pay Canadian taxes, unless you don't disclose income/gain from Indian investment & commit fraud (which will have additional penalties from CRA).
Canadian tax system goes by world income.
Why not do it in a TFSA account, where its all 100% tax free.
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