Welcome to the Million Dollar Journey March 2009 Net Worth Update – The Market Rally Edition. Finally, some relief from the markets where buyers are starting to come back.  Investors seem to have renewed faith in financials and other dividend paying blue chips.  My feeling is that this is a temporary rally, but who knows…

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There is a great comment discussion in a recent post about it being an ideal time to purchase your first home.  With real estate being a hot issue these days, the discussion evolves to a topic which everyone has a different opinion.  That is, if home ownership (principal residence) is considered an investment. Here’s my…

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Merger News Suncor (SU) is about to potentially merge with Petro Canada (PCA) in an all stock exchange to become the largest energy company in Canada.  Should the deal meet Canadian government approval, both companies will trade under the symbol SU.  Existing PCA owners will receive 1.28 shares of SU for every share of PCA…

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“It was impossible to get a conversation going; everybody was talking too much.” – Yogi Berra In 1996, Fed Chairman Alan Greenspan coined the term “irrational exuberance” to describe what he felt was unjustified speculation in the stock market as the S&P 500 rose past 744. Now, 12 years later, the S&P500 has moved past…

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So I’m sitting here pondering the purpose of money and how it fits in the world.  My conclusions?  When it all comes down to it, money is meant to be spent, but we should be selective over what we spend it on. Let me elaborate.  For me,  I’m a fairly frugal person who does not…

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This is a guest post from The Canadian Tax Blogger who has taken the time to answer common reader questions regarding leveraged investing and filing income taxes. The process of saving and investing can be a rewarding experience.  However, when it comes to taxes and reporting your savings to the CRA, the experience can be…

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Another QuickTax Giveaway It just so happens that I have one more copy of QuickTax online to giveaway.  Are you interested?  If so leave a comment with your best tax tip and I’ll choose a winner Sunday evening (5pm EST). Weekend Links Five Cent Nickel tells us about Living Above Your Means: Thoughts from the…

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I’ve brushed on Capital Cost Allowance (CCA) before when discussing rental property tax deductions and the CCA schedule for the purchase of a computer in 2009.  However, as it can be a fairly complicated topic, I thought I would write a primer and explain the basics of CCA. Capital Cost Allowance is basically the fancy…

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