January 2010

First off – last week we had a competition for two $25 Smarty Pig gift cards and the winners were Debbie and Kate.  They have been contacted and will receive their cards shortly.   SmartyPig is only available to Americans but for any Canadians looking for a $25 bonus for opening up an account check out [...]

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This is a quick post to tell you that once again the RRSP contribution deadline for this year is March 1, 2010. I’ve created separate pages for RRSP contribution deadlines and contribution limits which you can see here: RRSP deadlines RRSP contribution limits In the RRSP deadline post you can look up the contribution limits [...]

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The RESP Book: The Simple Guide to Registered Education Savings Plans

Everything you need to know about RESPs.

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As I mentioned at the beginning of my Buffy personal finance post, I really don’t like “according to” posts. Nevertheless, after a recent viewing of this film a post kept bouncing around in my head, demanding to be written… Sorry to people (like me!) who find these aggravating. Fast Times at Ridgemont High was based [...]

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The RESP Book: The Simple Guide to Registered Education Savings Plans

Everything you need to know about RESPs.

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Several new tax credits aimed mainly at the middle class will be announced tonight in the 2010 Obama State of the Union speech.  Unfortunately, it looks like there will be no stimulus checks issued in 2010 but the year is still young. The health care reform issue should be addressed but no specifics have been [...]

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The RESP Book: The Simple Guide to Registered Education Savings Plans

Everything you need to know about RESPs.

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Don’t forget to enter the SmartyPig $25 giveaway contest which ends on Thursday, January 28. Digital cameras and computers are wonderful things. They allow us to take lots of pictures of our kids growing up and easily send them to various grandparents/aunts/uncles who don’t get to see them often.  The problem is that sometimes computers [...]

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The RESP Book: The Simple Guide to Registered Education Savings Plans

Everything you need to know about RESPs.

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Don’t forget to enter the SmartyPig $25 giveaway contest which ends on Thursday, January 28. Years ago I read the book “Raving Fans” by Ken Blanchard and Sheldon Bowles. The idea behind it is techniques to go from satisfying customers to creating a consumer-cult of the style enjoyed by Apple, Tim Hortons or In-N-Out Burger.  [...]

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The RESP Book: The Simple Guide to Registered Education Savings Plans

Everything you need to know about RESPs.

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Every year millions of Americans have to file their tax return in order to make sure that they have paid the proper amount of tax to the government.  The last date you can file your 2009 taxes without risk of any late penalties is Thursday April 15, 2010. If you are filing electronically then the [...]

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The RESP Book: The Simple Guide to Registered Education Savings Plans

Everything you need to know about RESPs.

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I recently posted a comprehensive review of the online savings (piggy) bank called SmartyPig.  Please check out my SmartyPig review for more information.  The good folks at SmartyPig were kind enough to donate 2 $25 gift cards which are redeemable at SmartyPig. Let’s have a contest! Please note the contest is closed! Rules for the [...]

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The RESP Book: The Simple Guide to Registered Education Savings Plans

Everything you need to know about RESPs.

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I got an iPhone this week – finally joining the mobile wireless internet crowd.  I have to say that it wasn’t as expensive as I thought it would be and the surfing is pretty good.  Full review coming up soon! On with the links Michael James had a great post on fine print in advertising [...]

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The RESP Book: The Simple Guide to Registered Education Savings Plans

Everything you need to know about RESPs.

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I am the champion – my friends <cue power cords> And I kept on fighting – till the end – <cue power cords> I am the champion – I am the champion No time for losers ‘Cause Mr. Cheap is the champion – of the blogosphere – After my post on Tuesday, Mike promptly left [...]

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The RESP Book: The Simple Guide to Registered Education Savings Plans

Everything you need to know about RESPs.

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Tax accountants are used by many businesses big and small, as well as individuals.  Another option which is quite a bit more expensive, is to use a tax attorney instead of an accountant. This option won’t be available to most small businesses and individuals because of the higher cost but if a tax attorney fits [...]

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The RESP Book: The Simple Guide to Registered Education Savings Plans

Everything you need to know about RESPs.

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According to the mainstream media in both Canada and the US – we are in the midst of a terrible recession.  Stock market crashes, layoffs, increasing unemployment mean that lifestyle inflation is not something that most people have to worry about.  Or is it? In my case, my investments are doing fairly well, I still [...]

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The RESP Book: The Simple Guide to Registered Education Savings Plans

Everything you need to know about RESPs.

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Attention:  There’s a wager riding on this post.  If you’ve done something like this (or know someone who has), please leave a comment with details!  Specifically we’re interested in a) how much of the persons OWN money had to be invested, b) what their construction experience was BEFORE they did this for the first time [...]

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The RESP Book: The Simple Guide to Registered Education Savings Plans

Everything you need to know about RESPs.

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It is a brand new year which can only mean one thing – it’s time to start tax planning for 2010!  That’s right – the Roth IRA contribution limits have been released for 2010 and it is never too early to get this information. As expected the 2010 Roth IRA limits have not been changed [...]

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The RESP Book: The Simple Guide to Registered Education Savings Plans

Everything you need to know about RESPs.

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SmartyPig is an online, high-yield savings account which is offered by West Bancorporation, Inc.  It launched in April of 2008, so is still fairly new to the bank All money deposited in a SmartyPig account is held by West Bank of Des Moines, Iowa, and is FDIC insured up to the normal $250,000 limitations.  While [...]

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The RESP Book: The Simple Guide to Registered Education Savings Plans

Everything you need to know about RESPs.

See it on Amazon now

I’m sure by now everyone has heard of the huge earthquake in Haiti which has devastated the country and killed many thousands of people.  I wanted to write a post to try to urge people reading this to consider donating to help the people of Haiti.  We have donated $250 to the Canadian Red Cross [...]

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The RESP Book: The Simple Guide to Registered Education Savings Plans

Everything you need to know about RESPs.

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Time for another roundup of posts – lots and lots this week. Million Dollar Journey came up with his 2010 Financial Goals The Financial Blogger tells us what will happen with mortgage rates in 2010 Canadian Capitalist did a Winning The Loser’s Game Book Review Don’t Forget About The Free YNAB Giveaway over at the [...]

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The RESP Book: The Simple Guide to Registered Education Savings Plans

Everything you need to know about RESPs.

See it on Amazon now

I loved the original Freakonomics book and was excited when I first saw that Levitt and Dubner had released SuperFreakonomics.  I received it as a late Christmas gift and tore through it in a couple of days.  From a high level, I’d say if you liked the first book, and are willing to read more [...]

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The RESP Book: The Simple Guide to Registered Education Savings Plans

Everything you need to know about RESPs.

See it on Amazon now

Warning – this post is very long and most of it has very little to do with my Sony external flash.  If you want to just read the low down then skip to the Sony external flash review. Last year we bought our first DLSR camera – the Sony A350 which is a pretty good [...]

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The RESP Book: The Simple Guide to Registered Education Savings Plans

Everything you need to know about RESPs.

See it on Amazon now

It’s always interesting seeing unexpected consequences play out in government policies.  It’s almost like the old story about the monkey paw, where every time something is wished for, it goes horribly awry (including trying to fix previous wishes).  The TTC recently embarked on a series of foolish decisions when they wanted to raise the fare. [...]

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The RESP Book: The Simple Guide to Registered Education Savings Plans

Everything you need to know about RESPs.

See it on Amazon now