What Should You Do With Your Tax Return?

It’s been a couple of weeks since the April 30th  tax return deadline has passed. If you’ve setup auto deposit to your bank account, on the CRA website, you would have received your tax refund by now. For many this comes as a bit of a windfall when the money situation is tight. So what…

How Capital Gains Taxes Work

Tax returns are due in about a week’s time. For those who aren’t aware, April 30th, 2018 is the deadline to file your tax returns for 2017. For those that think they might be owing the government money, it’s a good idea to get your taxes done to avoid a penalty. Now that the deadline…

Failing Hard

This might seem stereotypical, but through my own personal experiences of talking to individuals about personal finance, there are drastic differences between the two genders. Women tend to repeat the following: “What are mutual funds? I don’t know anything.” “Stocks are too risky” “I just want to buy a home” Men tend to be on…

Reset Your Financial Goals

It’s not unusual for us to to want to spend our money when we are flushed with extra cash. Everyday we are bombarded with advertisements on television, Facebook and our mobile phone games. We live in a consumerist society. There’s no wonder why Canadians are so much in debt and many homeowners fund their lifestyles…

Should Rate Hikes Worry You?

This past week the Bank of Canada raised interest rates by another quarter point or 0.25%. That small change didn’t seem like much, but the Bank of Canada prime rate now sits at a measely 1.25%. Still low for historical reasons. The commercial banks followed suit with most major banks raising their prime lending rates…

New Year’s Housekeeping

The new year is when I always like to start fresh and take a look at all my personal financial needs for the new year. This doesn’t just mean my investments, but a lot of other things too. Like are my insurance needs covered? Did I pay all my bills? Do I need a new…

2017: Year In Review

Bitcoin, Bitcoin, Bitcoin! That’s all I hear from anyone that is investing nowadays. Do I regret missing out on the massive crytocurrency gains in 2017? Definitely not! I’ve already mentioned how many people speculate on Bitcoin to make big bucks, but as a long term wealth building portfolio, it doesn’t match what a diversity investment…