Income taxes are the biggest expense for most Canadian. If you have your own business or professional corporation, your company can help generate tax savings to accelerate your mortgage repayment or boost your retirement savings. Use Capital Gains Instead of Dividends If you are planning large cash withdrawals from your company, consider taking the cash as... »
I’m wondering if anyone gives money to their parents regularly. My parents currently at the ages of 60’s have retired ten years ago with very little savings, so I give them CAD$5000 (Canadian dollar) each month. I feel obligated to provide monetary support to them,... »
Swiss beat USA in economy? I’ve never thought a small country will take over USA as the most global competitiveness. The first one on my mind to beat USA is Japan. Canada ranks No. 9. Not bad, not bad. Rank... »
Am I excited to calculate my networth again, since last month’s financial statement? No! I don’t think it will get better. As you can see, my income tax and... »
Recently, I went to Bank of Montreal to apply a line of credit. I thought the prime rate was pretty low currently at 2.25%, so perhaps it would be... »
Our fellow neighbour enjoy tax-free shopping days. Some states are waiving local sales tax on school items like computers and clothing, as indicated on Yahoo! Shopping. How come we don’t... »
About three months ago, I posted an article on Average Monthly Grocery Bill. I was hoping people would comment on that article, sharing how much they spend on grocery... »
Before we begin this topic, we will briefly discuss how HBP works. Then we will talk about how to maximize this tax-saving strategy toward the end of this article. Home... »
I got my cheque for July. After finishing my accounting, the result does NOT look very good. Overall Assets: +11% (down from +21% ) Liabilities: +2% (up from... »
Summer is here. Guess what…it’s time for garage sale. How do you turn your junks / clutter into cash efficiently and effectively, in terms of customer number, percentage of... »