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Keep the Taxman out of Your Investments
If you are a novice investor in Canada, our tax system can make it very difficult to get the most after-tax growth out of your savings. This is because all of our income is taxed at different rates and, due... (Continue reading)
What to do with $10,000 Right Now
For most people, getting a windfall of $10,000-through an inheritance, a severance payment or a small lottery win on the weekly Scratch ‘N Win card-can make a huge difference in their lives. Whether you invest in your small business, save... (Continue reading)
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)
GIC or Savings Account?
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 cash into a 5-year... (Continue reading)
Should You Take Money Out of RRSPs to Pay Off Debt?
I’ve had a lot of inquiries about this lately, so I thought I would address it today. I’ve written about RRSP Basics and RRSPs vs. Paying Down Debt, but these articles dealt mainly with general issues and new contribution money.... (Continue reading)
30 Financial Moves Before 30 – Ideas Worth Trying
Written on 13 Jan, 2011 at 4:29 in Better Living | Comments
I started reading the Art of Non-Conformity the other day and the idea of the life list/bucket list got me thinking again. I started thinking about my bucket list for what I want to accomplish before I turn 30 (in... (Continue reading)
Why Are Investors Only Using GICs and High Interest Savings Accounts In Their TFSAs?
Apparently most investors are using their TFSAs for safe instruments such as GICs and high interest savings account, even though they are eligible for equities, such as stocks and bonds. I’ve seen a couple of instances where the name “Tax... (Continue reading)
Loonie’s Strength To Invest In Eagle Market
I actually like what is going on in the markets right now as I believe there is a huge opportunity for us to make money over the long term. While many investors thing the stock market is sick, I’d say... (Continue reading)
The Importance of Paying Attention to Financial Statements
Written on 24 Jun, 2010 at 3:03 in Personal Finance | Comments
I’ll relate my experience to underscore the significance of paying attention to your finances – not just the saving and investing parts but also the all-important records of those money transfers/contributions. I contributed to my TFSA account for 2009 in... (Continue reading)
The Basics And Benefits Of Registered Retirement Savings Plans
What if there was a way that you could get the Canadian government to pay almost half of the money you needed to make an investment (be it for the purchase of stocks, mutual funds, guaranteed investment certificates, mortgages etc.).... (Continue reading)
