What Are You Saving For?

We all know that part of smart financial behavior is to get into the habit of saving a portion of your earnings.  The “rule of thumb” for savings is 10% of gross income.  Many save for a “rainy day,” or “nothing in particular” rather than towards any specific goal or...

My RRSP Portfolio Update: 2014

I’ve revamped my RRSP strategy several times over the last few years but now the goal is crystal clear:  Use up all of my unused RRSP contribution room within two years and then contribute enough each year to max out my RRSP going forward. Contributing to a defined...

Income Splitting 101: Tips On Keeping It In The Family

South of the border, the heads of U.S. households can elect to file joint income tax returns, pooling their income and deductions.  This option brings considerable tax savings to families in which one spouse has a significantly higher income than the other; their...

The High Costs Of Health Care

The grim reality is that our population is aging and this is always a factor in health care costs.  All the technological advances and health care innovations keep us living longer and longer while managing chronic conditions that would have resulted in death not that...

My Loyalty Never Got Me A Free 42″ TV

Anyone in marketing can tell you that it costs a company more to acquire a new customer than it does to keep an existing one.  That’s because few of us like change, particularly the type of change that can disrupt our day-to-day lives.  It’s a hassle to switch banks,...

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