Tag Archives: income

The 2015 federal budget: What Canadians Need to Know

Finance Minister, Joe Oliver introduced the government’s 2015 Federal Budget yesterday. The big takeaway is that there will be tax breaks for everyone. Yay! 😀 The proposed budget is expected to get passed as the Tories hold a majority government. It’s nice to finally see some welcomed changes in fiscal policy to address the economy rather than rely on… Read More »

Debt to Income Ratio Exposed – A Deceptive Fallacy

Flawed and Unreliable The debt to disposable income (DTI) ratio represents the ratio of one’s total debt amount to his after tax income. But the debt to income flaw is not often discussed. “Debt” is a balance sheet item (net worth,) but “income” deals with budgeting (income statement.) Debt is simply a static number, while income requires the element of time… Read More »