RRSP Spectacular!

RRSP Spectacular!The deadline is looming and Canadians still ponder about whether they should put more money into their RRSPs? When is the Deadline? According the to TD Waterhouse web site the deadline is Midnight on March 1st (so you get an extra banking day) for contributions to count on last year’s income tax. So you still have plenty of time to ponder this. A useful tool for this exercise is Quicktax’s…

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What Can I Deduct to Pay Less Tax? File Your Income Tax with QuickTax Review

What Can I Deduct to Pay Less Tax? File Your Income Tax with QuickTax ReviewNow that we have almost completed the RRSP season for the 2009 income tax year, it is now time to think about one of the most painful financial activities: file taxes! I’ve recently been contacted by Intuit (the famous producer of Quicken) to review their latest QuickTax 2009 income tax software. So they sent me a QuickTax 2009 standard edition so I can work with it for a while and…

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ETFs Deteriorating

ETFs DeterioratingThe average quality of ETFs has been deteriorating lately. Further evidence of this comes from a Morgan Stanley study where they found that US ETF tracking error in 2009 averaged 1.25% compared to only 0.52% in 2008. (I found this article through the Stingy Investor site. Not too long ago we could have summed up the low-cost indexing philosophy by saying “buy ETFs”. Those days are gone. The number of…

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The sad fate of labour-sponsored funds

The sad fate of labour-sponsored fundsRemember when all you heard from investment salespeople during the RRSP season was about the 30 per cent tax credits available on a labour-sponsored fund? Sometimes, they added the RRSP deduction and showed how 75 to 80 per cent of your contribution was subsidized. Sounded like a great deal, right? But did they also mention the sky high management fees or the fact that a portfolio of emerging businesses might…

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7 Warning Signs You Need to Repair Your Portfolio

7 Warning Signs You Need to Repair Your PortfolioDoes this sound familiar? The stock market has been going up significantly since the beginning of the year but your portfolio is down. That is one clear warning sign that it is time to do some work on your portfolio before things get even worse. There are a number of additional warnings signs that an investor should look for when analysing their portfolio. Each one of these warnings signs signal…

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National Child Care

National Child CareAs you may know, Michael Ignatieff reaffirmed the Liberal support for a national child-care program. This, of course, started a firestorm on both sides of the political spectrum. On The Right I know better than to engage the Right of Twitter (#roft) folks in direct debate, but sometimes I just can’t help myself. @HelpOntario is a Conservative from, wait for it, Ontario, who hasn’t quite reached Troll status. This exchange…

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A Joint Bank Account Strategy for Couples

A Joint Bank Account Strategy for CouplesI’m a feminist (of the Cathy Young brand of equality feminism, not the cuckoo-for-coco-puffs Andrea Dworkin or difference feminism brands of feminism).  Sometimes I’ve grappled with the best way to divide expenses within a romantic relationship.  As an ideal, splitting the costs evenly seems to make sense, but I’m certainly aware that often two people will differ in their disposable income or earning potential.  The actual mechanics can sometimes be…

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Canadian Outrage at Fox News Is Growing

Canadian Outrage at Fox News Is GrowingThis is how the US lose wars. This is how the US are making enemies around the world. And this is how Republicans lose elections. Making fun of dead Canadian soldiers doesn’t help. US Republican douchebags are the only people dumb enough in the history of the planet to actually make fun of and humiliate their own allies in a time of war. Ignorance, insensitivity and greed, this is the…

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