A Little Active Income Goes A Long Way

A Little Active Income Goes A Long WayGenerating enough passive income to cover the cost of living is the holy grail of early retirement. However, it’s quite difficult to amass that big lump sum to generate enough passive income to live on. People spend more money as they get raises so they need more and more income every year. Early retirement offers a way out of this cycle by forcing us to examine how we make and…

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6 Ways to Cut Your Banking Fees

6 Ways to Cut Your Banking FeesNearly half of Canadians live pay cheque to pay cheque.  A recent survey by the Canadian Payroll Association reported that 47 per cent of us would face financial hardship if our pay was delayed as little as a week. One of the easiest ways to save money is to take a close look at your banking fees. But when you’re living on the edge, it can be tough to change…

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Reining in Canada High Mutual Fund Fees

Reining in Canada High Mutual Fund FeesMutual fund fees are higher in Canada than elsewhere. And despite efforts to beef up disclosure, buyers are still in the dark about what they pay. Industry critics have talked about inflated fund ownership costs for years. Now there’s a discussion paper by the Canadian Securities Administrators that bolsters their case. This 50-page paper, posted at the Ontario Securities Commission’s website under News, can be a tough slog to get…

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No-Pet Clauses in Leases Lack Teeth

No-Pet Clauses in Leases Lack TeethPets. Landlords don’t want them in their properties. Tenants can’t live without them. Unfortunately, the law in Ontario just makes it worse for everyone. Under the law, you can’t prevent a tenant from bringing a pet into your property, unless it is a condominium and the building declaration says no pets. So even if a landlord and tenant sign a lease that says no pets, the tenant can bring 2…

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Cross-border banking made easy

Cross-border banking made easyCanadians are always looking for better ways to bank in the U.S. Snowbirds need a U.S. bank account to take care of the bills at their condo. Canadian shoppers want easier ways to pay their Macy’s or J.C. Penney account after cross-border shopping sprees. Opening an account at a U.S. bank is an option, but you might not be able to get a U.S. credit card because you don’t have…

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