Archive for February 2013
How 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 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…
Read MoreNet Worth Update January 2013 (+4.53%)
Welcome to the Million Dollar Journey January 2013 Net Worth Update – The first update of the year. For those of you new to Million Dollar Journey, a monthly net worth update is typically posted near the end of the month (or beginning of the next) to track the progress of my journey to one…
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