Paying Taxes On Your Return Can Be A Good Thing

With a little over two weeks to go before tax returns are due for Canadians I’m starting to hear a lot of grumbling over having to pay taxes. Paying taxes is inevitable for every Canadian. We’re probably the most taxed people on the face of the Earth with high income taxes and also extremely high…

How To Protect Yourself From A Stock Market Crash

It’s been over ten years since the stock market took a major tumble that took stocks down 50%. During the next decade since then North American stocks, specifically the United States, have enjoyed the longest bull run in maybe the history of the US economy. Despite the cries that the American empire was crumbling, the…

Why Americans Should Always Buy A Home But Not Canadians

A recent article came my way that was titled “Self-made millionaire: Not buying a home is the single biggest millennial mistake“. This is supposed to make the Millennials rush out the door and buy a home. Make no mistake the author of the article makes very good points. If you’re renting you’re just throwing money…

How To Use Your RRSP To Boost Child Benefits

RRSP season is out in full force for Canadians and there’s just about 1 more week to go before the deadline. If you’ve been reading this blog you’ll know by now that the RRSP account has many uses. You’ll also know that the benefit of the RRSP is to defer taxes to a later date,…

What Inflation Can Do To Your Savings

Everyone hates high prices. The unfortunate fact of a growing economy is that prices need to rise over time. This increase in price is called inflation. Inflation is a necessary evil to a successful economy because of how humans behave. Let’s face the facts. We all like a good deal and when we buy things…

Is Your TFSA Not Looking Too Good?

Probably more misunderstood than Taylor Swift’s “Starbuck’s Lovers” lyrics, the TFSA account has had its reputation dragged through the mud the past couple of years. Ever since the Trudeau Liberals went on a crusade to bash the TFSA as a rich man’s tool to get rich quicker, the TFSA has been swept under the rug…

What Have You Already Missed This Year?

Remember Christmas time last year when stocks were getting pummeled and everyone was calling a crash that looked like 2008? Well guess what? If you sold everything you owned at that point you just ended up realizing missing out on over 10% in gains. That’s exactly how much the markets have rebounded since hitting their…