Archive for January 2009
Federal Budget 2009: Home Renovation Tax Credit/Deduction/Refund and More
If you are financial fanatic like myself, you may have already heard all about the 2009 budget. This federal budget was meant to spur spending due to the tough economic times that we are going through. And spend is what they did! We now have our first deficit in 12 years, $34 billion worth, and…
Read MoreNo Hype – The Straight Goods on Investing Your Money: Book Review and Giveaway
I’ve asked QCash, the young and retired millionaire, to write a book review on No Hype – The Straight Goods on Investing Your Money. Here is a great summary that he came back with. Be sure to check out the giveaway at the end of the review! Thanks to Million Dollar Journey for giving me…
Read MoreIncome Trust Distributions and Taxation
There has been a little bit of confusion in the comments regarding how income trust distributions are taxed. The confusion is in what the distributions are composed of. Typically, when you look at a stock on the market with a distribution, you can safely assume that it’s a dividend. Dividends are great as they are…
Read MoreImportant Dividend Dates – Ex and Cum Dividend
For those hard core dividend investors, this post may seem a little trivial, but it will be of use for those just starting out on their dividend investing journey. Date of Record Dividend paying companies typically distribute their payments to investors on a quarterly basis. When they declare their dividend, they typically state a date…
Read More8 Fundamental Money Lessons for Kids
This is another guest post by Kathryn who most recently wrote about feeding a family of 4 for $100/week. This time around, she shares her ideas on how to teach kids about money. My brother and I couldn’t be more different when it comes to how we manage our finances and yet my Dad was…
Read MoreRich Brother Rich Sister Book Review and Giveaway
Robert Kiyosaki is at it again with another book titled Rich Brother Rich Sister – Two Different Paths to God, Money and Happiness. Did you know that Mr. Kiyosaki’s book “Rich Dad Poor Dad” has been on the New York Best Sellers list for the past 7 years? I’m one of the many who have…
Read More6 Reasons Why Recessions are a Good Thing!
Yes you read the title right, a recession can be a good thing! With all the doom and gloom talk of recessions, I think it’s time to look at the other side of the coin. That is, the positive aspects that recessions can bring. Even though recession means the shrinking of the economy, it can…
Read MoreRegistered Education Savings Plan (RESP)
RESP? I’m getting to the stage in my life where I have to start considering kids into my life plan. How will kids fit into the financial picture? How will I teach my kids proper financial values? How will I help pay for their education? The last question, “How will I help pay for their…
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