Personal Finance

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Making Income Tax Returns Simpler is No Simple Task

Making Income Tax Returns Simpler is No Simple Task

Although many people say Canada’s income tax system is overly complex — a realization often reached as they struggle to compile T4s and calculate federal and provincial credits — coming up with ways to reform it isn’t exactly a cakewalk... (Continue reading)

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Eggs, Baskets, and Diversification

Eggs, Baskets, and Diversification

Courtesy of Balance Junkie It’s almost Easter and many of us have thoughts of eggs and baskets running through our heads. Everyone’s looking forward to enjoying a little chocolate and some quality time with family and friends. In terms of... (Continue reading)

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5 Benefits of a Flat-Tax System

5 Benefits of a Flat-Tax System

A common refrain during tax season is that the whole system of credits and sliding rate scales is just too complex. One of the ideas that has cropped up in recent years is to replace the system with a simple... (Continue reading)

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GIC or Savings Account?

GIC or Savings Account?

Courtesy of Balance Junkie I recently had two reasons to look up the going rates on GICs and savings accounts. I thought I’d share what I found with you today and raise the question: Is it worth it to put... (Continue reading)

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The Gene Mauch Rule for Investing Success

The Gene Mauch Rule for Investing Success

Courtesy of Balance Junkie Gene Mauch was the manager of the Phillies baseball team when I was a boy growing up in Philadelphia. He once said something in an interview that has stuck with me ever since. Mauch said that,... (Continue reading)

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Will Actively Managed Mutual Funds Ever Go Away?

Will Actively Managed Mutual Funds Ever Go Away?

These days, the passive investing movement is gaining momentum faster than I get rejected for dates by attractive ladies. And for good reason. Actively managed mutual funds may sometimes outperform the index, but are more often than not surpassed by... (Continue reading)

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Best Times to Make an Extra Mortgage Payment

Best Times to Make an Extra Mortgage Payment

People need to realize that the behaviour in the real estate market in Canada in the past 10-12 years is not normal, nor sustainable. Housing, historically, has risen fairly close to the increases in real incomes (income adjusted for inflation)... (Continue reading)

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Why are Mortgage Rates Hitting Record Lows?

Why are Mortgage Rates Hitting Record Lows?

All across the country, mortgage specialists and brokers are busy fielding calls from people who’ve just heard about this week’s record low mortgage rates. Bank of Montreal made the biggest splash by announcing a five-year fixed-rate mortgage of 2.99 per... (Continue reading)

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Four Investing Mistakes to Avoid in 2012

Four Investing Mistakes to Avoid in 2012

The ongoing turmoil in world markets has made for a herky-jerky ride this year. What did you learn? While most professional money managers expect stomach-churning volatility to continue, there’s no reason why you can’t still position your portfolio for safety,... (Continue reading)

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Confusion Reigns Over TFSA Rules

Confusion Reigns Over TFSA Rules

Contribution rules for a popular tax shelter continue to perplex ordinary Canadians, despite a year-long information blitz by the Canada Revenue Agency and the big banks. The agency sent out almost 103,000 letters to holders of tax-free savings accounts this... (Continue reading)

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