Finally, the government has come to its senses about the 70,000 letters sent to Canadians who made over-contributions to tax-free savings accounts or transferred them without the proper paperwork. In a statement issued this afternoon, the two ministers responsible for the new tax shelter said they recognized the confusion thatContinue Reading

The internet is a great source for information on how to save money. Whether you’re looking to get a discount on online purchases, car rentals or even groceries, these tips should provide you with some great ways to get the best price. Research the item you are planning to purchase.Continue Reading

A reader of this blog, Chris, posed the following thoughtful question: What do you think the implications would be if Canada were to implement more tax brackets? For example, if federal tax tiers were added at $200k and $300k with a federal rate of say 33% and 37% respectively? I’mContinue Reading

The government is about to unveil plans surrounding a national securities regulator. Finance Minister Jim Flaherty is expected to unveil a government plan Wednesday to create a single Canadian securities regulator. Currently, each province and territory runs its own regulator… It’s about freakin’ time. I’ve had my mutual funds licenseContinue Reading

I got caught out! Here is what I learned the hard way about credit cards and interest charges on late payments. Mea culpa, through simply not paying attention, I was a day late paying the full balance. Of course, that means interest is charged and not just for the oneContinue Reading

Fair trade must be threatening someone’s bottom line. Starting today, The Economist is hosting an online debate. The proposition: “This house believes that making trade fairer is more important than making it freer.” Two economists, one for and one against present their positions. You can vote or comment after completingContinue Reading

We all know that “money can’t buy happiness.” However, a certain amount of money is needed for the building blocks of happiness — or at least security. It’s quite difficult to be happy when you don’t have access to the basic necessities of life. And this is where money andContinue Reading