A portion of this article was originally written in June 2009, but relevant today due to the removal of the income splitting Family Tax Cut which allowed a family to notionally transfer up to $50,000 from the higher income spouse to the lower when filing taxes.  While many will take a hit from elimination of this tax benefit…

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This is a sponsored post written by me on behalf of BMO. I was a little hesitant at first when BMO contacted me to review one of their product features.  The reason is that most retail bank account usually involves high fees.  However, after reading more about BMO PlanShare, I started to see the possibilities for…

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Recently I had the opportunity to take a short trip to hang out with my family in Ontario.  Up to this point, I was perfectly content to travel in economy class and hang out at the gate with everyone else. On my way home, I had a similar flight time with my sister who happened to…

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This is a repost from July 2014.  I was going to write a similar article this past weekend, but decided to pull this one out instead with a couple of extra points to the article.  I hope you enjoy! Over the years, I have received a number of emails from people just starting their investing journey on…

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Exclusive Canadian MoneySaver Magazine Discount For those who are fans of personal finance and investing magazines (like myself), Canadian MoneySaver Magazine has offered MDJ readers an exclusive discount of 25% off their digital subscription.  Personally, I’m a big fan of the “beating the TSX series” where the author shows his annual results of picking high…

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Back in 2008, I wrote my initial post about our monthly expenses.  It’s always interesting going back in time to see what the circumstances were.  Back then, the update was compiled just before we had our first child, and we had a mortgage on our principal residence (a new build).  Our annual recurring outlay was around…

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As I have been considering implementing The Smith Manoeuvre, I have been doing some research on the tax benefits and how to make sure that all interest payments stay deductible. I came across some important taxation points that I thought I would share with you. Is the investment loan tax deductible? Before I start with…

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