Canada Imposes Additional Libyan Sanctions

Canada Imposes Additional Libyan SanctionsCanada has decided to go beyond the sanctions announced Saturday by the United Nations Security Council against Libya’s Moammar Gadhafi, his five children and top associates, Prime Minister Stephen Harper said Sunday. The security council unanimously voted to freeze the assets of Gadhafi and to impose a travel ban on the Libyan dictator, his children and his 10 top associates. The resolution also includes an arms embargo and a request…

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Turbo Tax Contest Giveaway 2011

Turbo Tax Contest Giveaway 2011CONTEST CLOSED Courtesy of the wonderful people at Intuit Canada we are giving away TuboTax Premier (formerly QuickTax) to 10 lucky winners.  These copies are for the 2010 tax year. I have to admit I am an old school tax guy and have for the better part of my life always done my taxes with pen and paper.  I think it’s mostly out of curiosity to learn something that most…

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Interactive – The World’s Best Countries

Interactive - The World's Best CountriesWe’ve been getting a lot of requests to post this interactive infographic made available by the people of Newsweek.  It’s a very fascinating graph of all the countries of the world and how they rank according to Healthcare, education, economy, politics, and more. As it stands Canada ranks #7 and the U.S. is at a measly #11. Have a look and enjoy: Interactive Infographic

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Private-Label Drugs – Ontario’s New Fight

Private-Label Drugs - Ontario's New FightOntario upped the ante in its battle with pharmacies Friday by asking to appeal a court ruling that allowed big drugstore chains to launch their own private-label generic prescription drugs. Challenging the ruling is a step the governing Liberals must take in order to keep Ontario drug costs down, said Health Minister Deb Matthews. “Private labelling does not benefit Ontarians and that’s why … I am continuing to stand on…

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Family Debt-to-Income Ratio Hits Record

Family Debt-to-Income Ratio Hits RecordThe average family debt-to-income ratio in Canada has now hit a record 150 per cent, the Vanier Institute of the Family said Thursday. That means for every $1,000 in after-tax income, Canadian families owe $1,500, the institute said, while releasing its 12th annual assessment of Canadian family finances. It found the average family borrowing — including mortgage debt — now totals $100,000. The Ottawa-based institute, which describes itself as a…

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Flight Fee For U.S. Bound Canadians?

Flight Fee For U.S. Bound Canadians?Prime Minister Stephen Harper says there are better ways for Americans to raise money than to charge Canadians to get into their country. U.S. President Barack Obama wants to charge Canadians entering the U.S. by air or sea a $5.50 inspection fee, although private vehicles would be exempt. “They’re running deficits down there well over a trillion dollars a year,” Harper said Thursday. “Some 40 per cent plus of the…

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How to Cope with Unemployment

How to Cope with UnemploymentMonday is the day of love, but if you are one of 1.4 million unemployed Canadians, chocolates and flowers may be the last thing on your mind. Two weeks ago, Finance Minister Jim Flaherty spoke pessimistically in the House of Commons about employment prospects in 2011. He said the best we could hope for was more of the same, i.e. unemployment rate in the range of 7.6 per cent. Days…

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Canada New Mortgage Rules

Canada New Mortgage RulesIn mid-January, Finance Minister Jim Flaherty announced new mortgage rules that would be put in place to help stop rising debt levels among Canadians, and to keep another mortgage meltdown from occurring. These rules, three of them in total, are another measure the government has put in place to tighten the rules for people getting mortgages. In 2010, stronger rules were put in place, and this adds to that. The…

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