Skip to content

Helping Canadians with Personal Finance Since 2006

Archive for September 2011

What is a Pension Adjustment (PA)?

Whether you’re a member of a defined benefit (DB) or defined contribution (DC) pension plan, you’ll receive a pension adjustment (PA) each year. It’s important to understand what a PA is because it affects the maximum amount you can contribute to your RRSP each year. Let’s explore the PA, how it affects RRSP room and…

Read More

Analyzing Financial Statements – Cashflow Statement

The previous two posts had discussed about metrics that are derived from a balance sheet and earnings statement. This week, we will conclude by looking at a few other metrics that are determined by using data from the third component of a corporate financial statement – the cash flow. Consolidated Cash Flow Statement The cash…

Read More

Capital One Aspire Cash World and Aspire Platinum Review

Late summer 2011, Capital One added two new MasterCards to the Aspire family, to replace their old tiered cash-back reward cards. These include two new versions: World and Platinum. Both are purely cash-back cards, with no tiers, earning limits, minimums, or annoying restrictions that many other cards have. Aspire Cash™ World MasterCard® (Discontinued) Earn 50%…

Read More

Scotia iTrade Offers Commission Free ETFs!

If you’ve been following personal finance news over the past little while, you may have heard about a groundbreaking offer from Scotia iTrade that no other Canadian stock broker offers – FREE ETF trades. This is big news for index investors as they can avoid the $19.95 trading commission ($9.95 for those with $50k balance)…

Read More

Analyzing Financial Statements – The Income Statement

The previous post had looked at some metrics that could be derived from the balance sheet of a company. This week, we will look at other metrics that could be computed using the consolidated earnings statement of a company. Consolidated Earnings Statement (Income Statement) A statement of earnings provides information about a company’s revenue and…

Read More
Scroll To Top