Personal Finance

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3 Easy Steps to Retire By 40

3 Easy Steps to Retire By 40

Excerpt Courtesy of Retire By 40 Last time I wrote about the Retire By 40 Movement and why everyone should at least think about retiring from their career by the time they are 40. Today, we’ll dive into how this... (Continue reading)

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How to Get an International Bank Account

How to Get an International Bank Account

Excerpt Courtesy of Club Thrifty Have you ever wanted to feel like a millionaire? Ever wonder how you could make yourself feel like you are filthy stinking rich? Unless you have a million plus in the bank and several hundred thousand dollars to... (Continue reading)

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Retire Early Plan Has High Risk of Failure

Retire Early Plan Has High Risk of Failure

Ming and Li are exceptional savers. They have already paid for their $300,000 home in southwestern Ontario and saved nearly $330,000, without any help from parents since they graduated. They have built a solid financial base for themselves and their... (Continue reading)

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How to Make the Most of Your Tax-Free Account

How to Make the Most of Your Tax-Free Account

Almost half of all Canadians have opened a tax-free savings account, according to a survey released last week by CIBC. That’s a remarkable take-up considering that TFSAs haven’t even been around for four years. That’s the good news. The bad... (Continue reading)

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Want to Retire Early? Start Saving Now

Want to Retire Early? Start Saving Now

If you’re dreaming of an early retirement, you need to start saving at an early age, too. That can be difficult if you’re just stepping into your first full-time job, or if you’re also saving for a house or paying... (Continue reading)

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Why you’re earning less than you think

Why you're earning less than you think

Do you know how much money you’re earning for the amount of time you work? Of course you know that your salary is “x” amount of dollars and your typical work week might be 35 to 40 hours. However, there’s... (Continue reading)

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Investment Fees, Advisor Compensation, and Added Value

Investment Fees, Advisor Compensation, and Added Value

Despite the strong argument about the advantages of lower fees, I think most people are not wired to be do it yourself investors. There is no doubt some can do it but more people can’t, won’t and don’t want to... (Continue reading)

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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

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 finance, however, we often... (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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