Retirement Account – Taxation Many folks should use tax deferred programs such as the RRSP or 401(k). Contributions made into a retirement account is tax-deductible and can grow tax-free in the account. When it is eventually withdrawn and taxed the plan holder will likely be in a lower income tax bracket. I would personally try to keep investments that produce mostly capital… Read More »
Deciding which accounts to hold different assets in Should you put stocks in your RRSP or TFSA? What about fixed income like bonds? This post will answer these types of asset location questions. Readers should already be somewhat familiar with tax advantaged accounts such as the RRSP, and regular taxable accounts. The importance of asset location Asset allocation… Read More »
Not in my Backyard I recently read an article about a lower mainland couple who doesn’t like how a neighbouring $2 million house sits empty all the time. The yard is unkempt, there are no cars in the driveway and the lack of human presence is “driving [the couple] slightly bananas.” Sacré bleu! You mean to tell me that there… Read More »
Across the United States, tens of thousands of low income workers have lobbied to raise the minimum wage to $15/hr. This is one of the largest wage protest in American history, and it appears to be working. 🙂 Seattle, WA is the first to begin a multi-year transition to $15/hr minimum wage starting this month. The people of San Francisco,… Read More »
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 »
I recently read an article written by the affable David Carrigg, a prolific Canadian columnist 🙂 The article is about how a public insurance company (ICBC) made a botch of things and overcharged its customers by $39 million! Furthermore ICBC not only overcharged some of its clients, but it also undercharged other customers to the tune of $71 million total. Many B.C. residents became upset. When… Read More »