New year and time for a new post! I like to measure the performance of my investment portfolio every January to see how I’m doing.  This year was a banner year for equities and my portfolio went up 19.9% which is pretty good for  a 75% equity/25% fixed income mix. It’s been said that investors […]

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Qtrade Discount Brokerage Review

by Mike Holman

Qtrade is an independent discount brokerage which has done extremely well in the annual Globe and Mail brokerage rankings. After calling them a number of times, I can see one of the reasons. They are super quick to answer the phone. Related:  My Canadian discount brokerage comparison Overall impressions Qtrade has competitive fees for investors […]

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LinkStuff – High Definition TV Edition

by Mike Holman

I finally upgrade to high definition tv and have been pretty happy with it.  Hockey is pretty good in HD (although it would be a lot better if the Leafs were still playing), but the best improvement has been cycling.  I’m currently watching the Giro d’Italia (Canadian Ryder Hesjedal was the winner last year) and the […]

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LinkStuff – More Money For Beer Edition

by Mike Holman

I did a book giveaway earlier this week for the awesome More Money for Beer & Textbooks book and the two winners were Judy and Siu (who also won the funniest comment award). If you know someone who is in post-secondary education or about to enter – please buy the book for them.  It’s really good.  On […]

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Great Money Advice For Canadian College & University Students On How To Avoid Student Loans

by Mike Holman

I recently had a chance to read the book “More Money for Beer and Textbooks” which is a book written for students in post-secondary education or in their last year of high school or CEGEP. It was written by Kyle Prevost and Justin Bouchard who are both educators and managed to get through their own […]

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Best Canadian High Interest Savings Rates For Ally Replacement

by Mike Holman

Updated April 21, 2013.  The high interest savings account market in Canada is pretty diverse.  On one hand you have the established big banks that offer modest interest rates because most of their customers either don’t have enough cash to care about the rate or can’t be bothered shopping around.  On the other hand there are […]

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RRSP Myth – Retirement Income Has To Be Lower For RRSP Benefit

by Mike Holman

Given that we are approaching the end of RRSP season, I thought it would be fun to dispel the most common RRSP myth that I see repeated over and over again in the media. Related – 2012 RRSP contributions limit and deadline Since the invention of the TFSA, there have been many articles written comparing […]

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2013 RRSP Contribution Limits

by Mike Holman

The maximum RRSP contribution limit for the 2012 tax year is $22,970. There are other factors in calculating the limit, so read on! Remember that the RRSP contribution limit applies to the previous tax year. Some rules to calculate your 2012 RRSP contribution limit Your RRSP contribution limit will be 18% of the previous tax […]

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