I have sometimes heard it said, “There’s no point in earning extra income; it’s just going to be taxed away.” Oddly enough, no one seems to turn away a raise. Graduated vs. Flat Tax Canada has a graduated income tax regime. This means that the more you...
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For some households, an inheritance can make a significant difference in their financial lives. Finally, a home can be purchased, or a mortgage or other debts paid off, or woefully inadequate RRSPs and other accounts for retirement can be fully funded. Married couples manage their finances...
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A man of my father’s generation once observed that young adults these days have an incredibly wide variety of career options available to them: computer and information technology, education, social services, publishing, film and TV production, travel and tourism, home construction and renovation, agriculture, etc....
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Beginning in the 1970s, my father got involved in investing in real estate in British Columbia’s Fraser Valley, mostly in Chilliwack, where I grew up. My wife and I owned our own home in Chilliwack from 1996 to 2003. We lived in it for all...
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AN INTRODUCTION TO ESTATE PLANNING – PART 3.2 In my last post, I discussed the importance of naming a guardian in your will, someone who will take care of your children if you die before they are old enough to take care of themselves. Another item...
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Introduction to Investment Planning – Part 3 Stocks and bonds are the two most common categories for investments, at least for the average “retail” investor like you and me. You may have heard about preferred stock (or shares – the terms are interchangeable) but have wondered...
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