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One of the important aspects of the tax-free savings account (TFSA) is estate planning. Much has been written about TFSA contribution and withdrawal rules, but with the TFSA, you have the ability to decide who gets the money in the account if you die. If you have a TFSA, take a few minutes to figure [...]
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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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Welcome to Money Smarts! If you're new here, please read the "About" page to find out more about this site. If you would like to receive updates by email then sign up here or you can subscribe to the RSS feed. Thanks for visiting!
Welcome to Money Smarts! If you're new here, please read the "About" page to find out more about this site. If you would like to receive updates by email then sign up here or you can subscribe to the RSS feed. Thanks for visiting!
Another week – another couple of pounds. I’m getting very close to breaking my target threshold weight of 180 pounds. Soon…very soon, I will be drinking beer again. I bought a new PC this week – it’s incredible how cheap they are now. Love it! On with the links Financial Uproar had a good post [...]
Want to learn more about RESPs? Buy The Book:
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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
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Welcome to Money Smarts! If you're new here, please read the "About" page to find out more about this site. If you would like to receive updates by email then sign up here or you can subscribe to the RSS feed. Thanks for visiting!
Welcome to Money Smarts! If you're new here, please read the "About" page to find out more about this site. If you would like to receive updates by email then sign up here or you can subscribe to the RSS feed. Thanks for visiting!
TD Waterhouse is owned by the TD bank (Toronto Dominion Canada Trust). Overall impressions Of all the bank-owned brokerages, this is the one where I’ve heard the most favourable comments from users. Like all the other bank-owned brokerages, this one also charges very high fees. You only get a break on trading commissions if you [...]
Want to learn more about RESPs? Buy The Book:
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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
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Welcome to Money Smarts! If you're new here, please read the "About" page to find out more about this site. If you would like to receive updates by email then sign up here or you can subscribe to the RSS feed. Thanks for visiting!
Welcome to Money Smarts! If you're new here, please read the "About" page to find out more about this site. If you would like to receive updates by email then sign up here or you can subscribe to the RSS feed. Thanks for visiting!
Last week I mentioned my “no beer” diet. Suffice to say that it is going very well, although I’m certainly not enjoying myself. I used to love having a couple of beers, a big snack (ie another meal) while watching tv. Now I can’t do that. You just don’t appreciate the things that truly matter [...]
Want to learn more about RESPs? Buy The Book:
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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
|
Welcome to Money Smarts! If you're new here, please read the "About" page to find out more about this site. If you would like to receive updates by email then sign up here or you can subscribe to the RSS feed. Thanks for visiting!
Welcome to Money Smarts! If you're new here, please read the "About" page to find out more about this site. If you would like to receive updates by email then sign up here or you can subscribe to the RSS feed. Thanks for visiting!
Scotia iTrade announced that they have just joined the US$ RRSP party. They are a bit late considering that Questrade was the first brokerage to offer a US$ RRSP three years ago and RBC Direct and Qtrade have also offered a US$ RRSP account for some time. With friends like this, who needs enemies? Anonymous [...]
Want to learn more about RESPs? Buy The Book:
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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
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Welcome to Money Smarts! If you're new here, please read the "About" page to find out more about this site. If you would like to receive updates by email then sign up here or you can subscribe to the RSS feed. Thanks for visiting!
Welcome to Money Smarts! If you're new here, please read the "About" page to find out more about this site. If you would like to receive updates by email then sign up here or you can subscribe to the RSS feed. Thanks for visiting!
I’ve been looking for some kind of software that will help me organize my bank accounts a bit. I’m not into budgeting, but I do have a small business and need to come up with several totals at tax time. I also would like to be able to see income/expense breakdowns without doing a lot [...]
Want to learn more about RESPs? Buy The Book:
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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
|
Welcome to Money Smarts! If you're new here, please read the "About" page to find out more about this site. If you would like to receive updates by email then sign up here or you can subscribe to the RSS feed. Thanks for visiting!
Welcome to Money Smarts! If you're new here, please read the "About" page to find out more about this site. If you would like to receive updates by email then sign up here or you can subscribe to the RSS feed. Thanks for visiting!
I’ve started a new diet. Long time readers will recall I went through a diet phase a couple of years ago. At that time I went from about 200 pounds down to around 180 pounds. Unfortunately, my weight crept back up to around 191 lbs, so I decided it was time to get the diet [...]
Want to learn more about RESPs? Buy The Book:
|
The RESP Book: The Simple Guide to Registered Education Savings Plans
Everything you need to know about RESPs.
See it on Amazon now
|
Welcome to Money Smarts! If you're new here, please read the "About" page to find out more about this site. If you would like to receive updates by email then sign up here or you can subscribe to the RSS feed. Thanks for visiting!
Welcome to Money Smarts! If you're new here, please read the "About" page to find out more about this site. If you would like to receive updates by email then sign up here or you can subscribe to the RSS feed. Thanks for visiting!
Some of you might be familiar with locked-in RRSP or RRIF accounts, otherwise known as LIRAs, LIFs, LRIFs, PRIFs and probably a few other choice names as well. These are basically RRSP or RRIF accounts that are locked-in so that the owners can’t get access to the money until retirement age. Even in retirement, the [...]
Want to learn more about RESPs? Buy The Book:
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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
|
Welcome to Money Smarts! If you're new here, please read the "About" page to find out more about this site. If you would like to receive updates by email then sign up here or you can subscribe to the RSS feed. Thanks for visiting!
Welcome to Money Smarts! If you're new here, please read the "About" page to find out more about this site. If you would like to receive updates by email then sign up here or you can subscribe to the RSS feed. Thanks for visiting!
One common question regarding the TFSA (Tax Free Savings Account), is How old does someone have to be to open a TFSA account? Given that this is Canada, the answer is not as straight forward as you might think. Basically, you have to reach the age of majority in order to enter into a financial [...]
Want to learn more about RESPs? Buy The Book:
|
The RESP Book: The Simple Guide to Registered Education Savings Plans
Everything you need to know about RESPs.
See it on Amazon now
|
Welcome to Money Smarts! If you're new here, please read the "About" page to find out more about this site. If you would like to receive updates by email then sign up here or you can subscribe to the RSS feed. Thanks for visiting!
Welcome to Money Smarts! If you're new here, please read the "About" page to find out more about this site. If you would like to receive updates by email then sign up here or you can subscribe to the RSS feed. Thanks for visiting!
Here are the RRSP contribution limits: The year indicated is the tax year. Year Contribution Limit 2010 $22,000 2011 $22,450 2012 $22,450 plus inflation index amount As you can see, the maximum RRSP contribution limit for the 2010 tax year is $22,000. There are other factors in calculating the limit, so read on! Some rules [...]
Want to learn more about RESPs? Buy The Book:
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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
|
Welcome to Money Smarts! If you're new here, please read the "About" page to find out more about this site. If you would like to receive updates by email then sign up here or you can subscribe to the RSS feed. Thanks for visiting!
Welcome to Money Smarts! If you're new here, please read the "About" page to find out more about this site. If you would like to receive updates by email then sign up here or you can subscribe to the RSS feed. Thanks for visiting!
I read about an interesting way to manage your sock collection on Larry MacDonald’s blog a while ago. He reviewed the book Early Retirement Extreme and learned that if you throw out all your socks and buy a whole bunch of identical socks, you can avoid the problem of having to match pairs of socks [...]
Want to learn more about RESPs? Buy The Book:
|
The RESP Book: The Simple Guide to Registered Education Savings Plans
Everything you need to know about RESPs.
See it on Amazon now
|
Welcome to Money Smarts! If you're new here, please read the "About" page to find out more about this site. If you would like to receive updates by email then sign up here or you can subscribe to the RSS feed. Thanks for visiting!
Welcome to Money Smarts! If you're new here, please read the "About" page to find out more about this site. If you would like to receive updates by email then sign up here or you can subscribe to the RSS feed. Thanks for visiting!
I finally got around to calculating my investment returns for 2010 and the results are decent, if unspectacular: 7.3% My portfolio is supposed to look something like Canadian Capitalist’s sleepy portfolio which returned 9.56% this year. I’ve made a few changes and this is what my desired allocation is: Asset class ETF Target (%) Bonds [...]
Want to learn more about RESPs? Buy The Book:
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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
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Welcome to Money Smarts! If you're new here, please read the "About" page to find out more about this site. If you would like to receive updates by email then sign up here or you can subscribe to the RSS feed. Thanks for visiting!
Welcome to Money Smarts! If you're new here, please read the "About" page to find out more about this site. If you would like to receive updates by email then sign up here or you can subscribe to the RSS feed. Thanks for visiting!
Ok, I’m doing the big stock picking contest again. In 2010, I finished dead last with a -35% return, so hopefully this year will be a bit better. I want to do the same bet as I did last year – bet against gold. I’m so certain that gold will finally crash this year, I’m [...]
Want to learn more about RESPs? Buy The Book:
|
The RESP Book: The Simple Guide to Registered Education Savings Plans
Everything you need to know about RESPs.
See it on Amazon now
|
Welcome to Money Smarts! If you're new here, please read the "About" page to find out more about this site. If you would like to receive updates by email then sign up here or you can subscribe to the RSS feed. Thanks for visiting!
Welcome to Money Smarts! If you're new here, please read the "About" page to find out more about this site. If you would like to receive updates by email then sign up here or you can subscribe to the RSS feed. Thanks for visiting!
At the beginning of the year I entered into a stock picking contest with some other bloggers, as I do every year. I decided to swing for the fences this year and I ended up missing the ball and cranking myself in the head with the bat. I placed a bet against the price of [...]
Want to learn more about RESPs? Buy The Book:
|
The RESP Book: The Simple Guide to Registered Education Savings Plans
Everything you need to know about RESPs.
See it on Amazon now
|
Welcome to Money Smarts! If you're new here, please read the "About" page to find out more about this site. If you would like to receive updates by email then sign up here or you can subscribe to the RSS feed. Thanks for visiting!
Welcome to Money Smarts! If you're new here, please read the "About" page to find out more about this site. If you would like to receive updates by email then sign up here or you can subscribe to the RSS feed. Thanks for visiting!
Happy New Year everyone! I hope you all have a great 2011. Personal Review When I look back at 2010, it was a very good year financially for my family – record income, record mortgage payments, record RRSP contributions. Health-wise, it wasn’t so good. It seemed like some or all of us were always sick [...]
Want to learn more about RESPs? Buy The Book:
|
The RESP Book: The Simple Guide to Registered Education Savings Plans
Everything you need to know about RESPs.
See it on Amazon now
|
Welcome to Money Smarts! If you're new here, please read the "About" page to find out more about this site. If you would like to receive updates by email then sign up here or you can subscribe to the RSS feed. Thanks for visiting!
