Archive for March 2008
March 2008 Net Worth Update: (+1.17%)
Time for another net worth update: The March 2008 Edition! There is a saying in Newfoundland that would describe the markets perfectly.. “The arse has fallin out of her.” When will the markets find a bottom? Are we there yet? In terms of market returns, the only reason my retirement accounts are showing positive relative…
Read MoreDifferences in Non-Refundable Tax Credits and Tax Deductions
This is a pretty common question asked during tax season. What exactly is the difference between a non-refundable tax credit and a tax deduction? Tax Deduction A tax deduction reduces your income for the year which can potentially mean that you’ve over paid on your taxes. Come tax return season, you’ll get a refund on…
Read MoreInformal In-Trust Accounts
I received an email from Leah the other day asking what are some options for investment accounts for children. Right away, I thought about RESP accounts, however, those aren’t for Leah as they are too restrictive. I can see the new Tax Free Savings Account (TFSA) being an alternative to the RESP, however, the rules…
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