Category: Personal Finances

  • This is the story of Ernest and Serenity J. Ernest is a project manager at Dubblebubble Space Corporation. His wife is a teacher. They have 2 children, Cordelia 14 and Brent 11. Since the family came back from vacation in Halifax, Ernest has been working a few late nights and weekends as his company is…

  • For almost a century Canadians have been paying personal income tax. Personal tax was started as a means of financing World War 1. Since then Canadians have been deferring (two thumbs up) evading or avoiding(big red X) paying income tax. One step to ensure that an income earner pays no more tax than he or…

  • According to a recent Decima Research survey, nearly half (46 per cent) are banking on employer-sponsored pension plans as part of their retirement mix. Little do people know (they are too arrogant or ignorant, both are bad) that company pension plans WILL NOT BE ENOUGH for you to retire on. Have you looked outside? Prices…

  • A Fidelity Canadian Retirement Survey shows that almost three-quarters of Canadian retirees (74%) are satisfied in retirement. Not only are they satisfied in retirement, almost half of retirees report that their transition into retirement was easier than they expected. This is a bit perplexing as cost of living increases and debt remains at all time…

  • TD Waterhouse have come up with a groundbreaking study 馃槢 about young investors. Apparently only 10% have a professionally-developed financial plan vs. 38% for all ages. Those aged 18-24 are less likely than older investors to use all types of investment services, less likely to have a professionally-developed financial plan and more likely to be…

  • The controversial Universal Child Care Benefit (UCCB) takes effect after much controversy from Opposition MPs who supported the Liberals proposal previously negotiated with the provinces to build a national child-care program. The $3.7-billion, two-year child-care allowance will provide families with $1,200 in pre-tax funds for every child under six.