Archive for February 2013
How One Blogger Turned His Investments Around
This is a guest post by Eric @ Passive Income Earner I am in my late 30’s nearing the big 40 and it’s only over the past few years that I’ve developed a decent investment plan. Interestingly enough, I’m relatively knowledgeable about money but never knew enough about successful investing until recently. Here is my…
Read MoreThe Differences between Permanent and Term Insurance
This is a guest post by CFP, Brian Poncelet. Life insurance is a critical component to every family’s financial well-being. And yet, over 10 million Canadians are underinsured, leaving their loved ones vulnerable to out of control expenses and runaway debt. To protect your dependents, you need to first know that there are two types…
Read MoreHow to Calculate Pension Maximum Transfer Value (MTV)
If you have a defined benefit pension plan, it’s important to understand what the Maximum Transfer Value (MTV) is and how it can affect you. When you leave your current employer, if you decide to take the commuted value you may not be able to tax shelter the entire amount. Canada Revenue Agency limits the…
Read MoreSmith Manoeuvre Portfolio – February 2013
For those of you just joining us, below is my portfolio that is leveraged with money borrowed from my home equity line of credit (HELOC). As the money borrowed is used to invest, the interest charged is tax deductible. I write an update every so often to show new positions added along with any market…
Read MoreEnergy Efficiency Programs/Financial Incentives in Ontario
The Office of Energy Efficiency (in Canada) offers many financial incentive programs to minimize energy consumption and promote energy efficient practices among Canadian households. Every province has its own set of programs and this series will look at a few provincial programs applicable to residential households. City of Toronto Water Efficiency and Rebate Programs The…
Read MoreCase Study: Figuring Out Your Optimal RRSP/TFSA Conbribution
In the last article, Ed Rempel discussed the steps to creating your optimal RRSP/TFSA contribution. Here is a case study to help put the steps into practice. Case Study: Optimal RRSP/TFSA Contributions for John and Mary Smith To understand the interplay between these six factors, lets look at an example. John Mary Income $100,000 $60,000…
Read MoreWhy the Second Million is MUCH Easier
This is a guest post by Derek Foster, author of the popular book “Stop Working, Here’s How You Can!” Throughout my 20s I never had a high-paying job, but I focused on saving some of everything I did manage to earn. To be fair, I could have saved much more quickly, but I also wanted…
Read More7 Steps to Determine Your Optimal RRSP/TFSA Contribution Strategy
In the last article, we have looked individually at each of the six key factors for determining your optimum RRSP/TFSA contribution. In this article, we will put all these pieces together to create your optimal RRSP/TFSA strategy to determine the optimal contributions for you to make this year and in future years. Putting all the…
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