With the increasing strength of the Canadian dollar and the continual weakening of the USD, it's only a matter of time before we reach parity.  With the Canadian interest rates holding steady and with the US feds expected to start a cycle of reducing interest rates, we should see the CAD/USD @ close to 1:1…

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I've been thinking about RRSP's lately, and I'm going to talk about a strategy that I came by that I'd like to share with you.  This tax strategy is called the RRSP meltdown strategy.   What is the RRSP Meltdown Strategy? This strategy is a way to withdraw from your RRSP's tax free.  Typically, when you…

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It's Friday already and as per routine, I will dedicate this post to some great articles that I have come by this week. KMull.com has hosted this weeks Carnival of Personal Finance! I submitted my article Full Time vs. Contract Work. Canadian Mortgage Trends explains why the falling 5 yr bond rates aren't resulting in…

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Angel emailed me to request some personal finance direction. Angel is basically wondering if it would be wise to get an RRSP loan and use the tax refund to pay down the car loan.  Here are more details: I'm a 22 year old from Winnipeg, MB.  I make about C$35,000 (pretax), and have no debt,…

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To continue with part 2 of our discussion about Smith Manoeuvre Mortgages, Melanie McLister, a mortgage broker from Canadian Mortgage Trends,  will now explain the various columns in her comparison table and tell us about her top re-advancable mortgage pick to complement the Smith Manoeuvre!  Last time around we explained how “readvanceable mortgages” work and…

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You might have heard of fixed income ladders before, but what exactly are they, and why do you use them?  Well, you've come to the right place!  Today's article will feature fixed income strategies for those who are thinking about capital protection or cash flow during/before retirement. What is a bond/GIC ladder? A fixed income…

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Just a quick Saturday Post.  I picked this one up from the RedFlagDeals forums.  Below is a link to a pdf that contains a $10 off $40 purchase at Canadian Tire.  Great for picking up some of those clearance items they have every week.  Simply print it off and present it to the cashier, it…

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