Making sense of real estate taxes in Canada Real estate has historically kept up with inflation. But I’m not sure if it can keep up with taxation moving forward. I’m all for reasonable taxes. I benefit a lot from government services. But at some point real estate taxes in Canada can start to feel excessive. Someone buying a… Read More »
Looks like a merger is on the menu for Burger King 🙂 It’s currently in talks to merge with Canadian company Tim Hortons and move its headquarters up here to Canada 😀 Tim Hortons is a quick service coffee chain that has a strong Canadian identity. Here’s a drive thru window at a typical Tim Hortons. Last year I blogged… Read More »
Earlier this year in April I started a swing trade which included some Suncor stocks. I mentioned how it was an undervalued company and how the stock will likely make a comeback 🙂 So I bought 100 shares at $28 each. Well I just heard on the news that Warren Buffett also bought some Suncor shares for his holding… Read More »
What is the largest expense you have? For me, it’s taxes, which makes up about 30% of everything I make. As a democratic society we are not only responsible to pay our fair share of taxes, but we should also try to understand where our tax money goes. Did you know the CRA (IRS equivalent) uses up 3%… Read More »
If you work in the financial services industry then April was probably a busy month for you because this is when taxes are due. According to a recent survey by BMO Nesbitt Burns, many people are unaware of the tax implications of investment income. The poll of 1,500 Canadians, conducted by Leger Marketing, showed that 58% do not… Read More »
RRSPs can be used to lower our overall tax burden. Continued from How to Use the RRSP: Part 1 Another use for an RRSP is to treat it as a jobless fund. I don’t have an emergency fund in the traditional sense, but if for whatever reason I stopped working, didn’t qualify for E.I. benefits, and ran out of TFSA… Read More »