Canada has several major banks and many schedule II banks – but with rates and plans all over the map, it’s difficult to know where to bring your business. Our aim is to help you navigate Canada’s banking options to discover which one suits your needs best.
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Flush from its success in getting rid of the tax on feminine hygiene products, the NDP wants the House of Commons to abolish so-called “pay-to-pay” fees charged by big banks.
NDP proposes ban on pay-to-pay fees charged by banks
– moneysense.ca
(Photo: Fernando Morales/The Globe and Mail/Canadian Press)OTTAWA – Flush from its success in getting rid of the tax on feminine hygiene products, the NDP wants the House of Commons to abolish so-called “pay-to-pay” fees charged by big banks.
The official Opposition will introduce a motion on Monday calling for an end to such practices as charging for paper bills and for the adoption of a financial code of conduct to protect consumers.
Andrew Cash, the NDP’s consumer protection critic, is tabling the motion as part of his ongoing efforts to get rid of banking user fees.
It comes after a separate NDP motion was unanimously approved by the Commons last week to exempt feminine hygiene products from the GST.
That motion passed after women in the Conservative caucus threatened to boycott the vote if their party didn’t approve.
The so-called tampon tax was seen as discriminatory towards women, but Cash says the fees charged by banks for paper bills are bad for all Canadians.
“These are just patently unfair fees,” said Cash…
