Each month I put away all my remaining money into some kinds of savings accounts until I need to use it. Instead of locking... »
Financial Statistics
Switzerland topple USA as most competitive economy
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 1 2 3 4 5 6 7 8 9 10 Country Switzerland US Singapore Sweden Denmark Finland Germany Japan Canada Netherlands Score 5.60 5.59 5.55 5.51 5.46 5.43 5.37 5.37 5.33 5.32 Well, it’s not a big deal anyway. Only... »
Average Monthly Household Grocery Bill
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 with me and the readers. Sadly, people in Canada don’t like to share their thoughts, I suppose. I know a lot of people... »
National Average Income for Medical Doctors
A few days ago, I found some information regarding medical doctors’ annual salaries in province BC—read here. Today I found a Canadian government site that includes average MD yearly salaries for all provinces in Canada: British Columbia (BC), Alberta (AB), Saskatchewan (SK), Manitoba (MB), Ontario (ON), Québec (QC), Nova Scotia (NS), Prince... »
Medical Doctor Salary … not as high as you think?!
Recently I’m curious about the average annual income for physicians in Canada. I mean how high can their incomes go? I did a search online but came across numerous results unsatisfactorily. Some websites use data that are decade old; some use data without any real statistics; some use data that are based on individual... »
Average Annual Household Income Canada
The other day I posted an article on Average Annual RRSP Contribution in Canada for Year 2007. The maximum RRSP contribution limit was $19,000 for year 2007; however, the national median contribution that year was only $2,780. Because of such a huge discrepancy, I decided to do a search on how much an average... »
RRSP – national average annual contribution
Is your RRSP contribution up to par? According to Statistics Canada, RRSP contributions rose 5.3 per cent to $34.1 billion in 2007 with the following trends. Newfoundland and Labrador The highest percentage increase in the number of RRSP investors (up 5.3 per cent) Quebec The largest increase in absolute number of RRSP investors, at almost 25,700 contributors, or... »
Do you give money to parents?
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, because it’s my responsibility. My parents spent all their money... »
Understand Your Credit Report & Score – Part 1
What is a “Credit Report”? A credit report is a “snapshot” of your credit history. It is one of the main tools lenders use to decide whether or not to give you credit/loan/mortgage. In Canada, your credit history is maintained by at least one of three major credit-reporting agencies: Equifax, TransUnion, and Experian*. * Effective April 17,... »
Average Monthly Grocery Bill
I’m wondering…what’s the median monthly grocery bill for anyone living in North America? I guess the expense will vary, depending on where you live. I’m a single guy, and I have noticed I spent almost $200 each month on grocery in the past two years (ie, after I graduated from university). In contrast, I spent... »
JACKPOT Lotto 649 – how to win and predict numbers
Playing lottery is a quick way to become an instant millionaire. Despite the fact that the chance of winning is very small, you will not win if you do not buy a ticket. However if you buy one, at least you will have a chance, right? All investments carry some degree of risk, and... »