Money Snatchers

Asian markets rallied on Monday, but Europe reversed opening gains, as investors digested moves by the United Arab Emirates central bank to soothe worries over Dubai’s debt crisis.

Mel asked: 3 weeks ago, I sent my GST tax return form and 2006 T1 adj form with necessary forms to the address that CRA gave me. I haven’t heard anything about my tax return from the CRA. I can’t access my account on the website. I’m just curious because this is the first time [...]

Dubai’s inability to repay its debt is fueling concern that other countries and institutions, and not just in emerging markets, could be in trouble too.

Elle asked: I received a letter from my bank saying that i have an important tax return document inside. What is a tax return thing and does it mean that i get the amount of money indicated in the letter?

DUBAI, United Arab Emirates — Just a year after the global downturn derailed Dubai’s explosive growth, the city is now so swamped in debt that it’s asking for a six-month reprieve on paying its bills — causing a drop on world markets Thursday and raising questions about Dubai’s reputation as a magnet for international investment.

Debt problems in Dubai hit global stocks, helped lift bonds and took the dollar away from a 14-year.

A lot more Americans are feeling stressed out by debt this holiday season, raising the glum likelihood they’ll behave like Scrooge rather than Santa.

Amy B asked: We got a large tax return this year in early February. We are now in the process of filing chapter 13 and have to provide 6 months worth of income history. Will the trustee consider our 5,000 tax return as part of our income? I know that they will take future returns. [...]

TORONTO — Rogers Communications Inc. filed a preliminary prospectus on Friday that would allow the Toronto-based media and cable company to raise as much as $4-billion in debt securities

Q: I’m sending you some graphs showing the explosion in U.S. government debt, which has me very worried about holding stocks or any U.S. denominated investment, even bonds