It’s gonna rain money here in Ontario real soon! The HST is going away on important things like Twinkies, pre-mixed bloody Marys and Game Consoles! We are going to get “go spend money” cheques from both the Provincial and Federal Governments! Truly this is a magical time we are living. For those unsure, that was #sarcasm. Free money, let’s all go spend!
Interest rates may not be dropping as fast as most folks (namely realtors) want. The HST vacation might be nice on things like cars, but not likely. You also won’t get an HST vacation if your province does not have an amalgamated GST & PST set up (i.e. Alberta).
Exchange Rates for 2024
Money Markets Over the Year
What would a world with a 25% across-the-board tariff on Canadian Goods look like? I’m not sure, but this could crash the North American economy if done correctly. Is it bluster? Maybe, but I wouldn’t count on it.
It’s been a quiet year for me, ranting. Let’s see what I can do to remedy that. I still think I am too ugly for TikTok, but I will make some videos yet.
What Have I Been Reading?
Online a lot of diverse stuff.
- In terms of audiobooks, I finished The Fifties by David Halberstam. It explained to me a lot of the tribalism I have seen in the USA. It is a long one, but well worth a listen. I am now listening to Playing for Keeps: Michael Jordan and the World he Made by Mr. Halberstam, helps explain the Chicago Bulls in the 1990’s to me.
- ‘I have no money’: Thousands of Americans see their savings vanish in Synapse fintech crisis “…“We were informed last Monday that Evolve was only going to pay us $500 out of that $280,000…”
- Japan’s government Prudent advises putting usernames and passwords in your will. Alternatively, point to where they might be stored. If you don’t do this, your estate could be either easily pilfered or held up for a long time!
- 9 top Personal Tips for Long-Term Index Fund Investments. ETFs, folks, should be your focus. No matter how great a “stock tip” you get, a well-run ETF will do you just fine.
- Inflation is Much Riskier than Financial Planning Software Makes it out to be, is some more overview from Michael James. Do you have Inflation as part of your retirement plan? Given the tariffs coming, you should.
Tweet of the Week
Terry Mosher, aka Aislin is well worth following:
What Have I written?
Not a heck of a lot lately. I continue to deal with patella tendon issues. I am also dealing with my Mother’s dementia and many other things.
- I am on Bluesky as the Big Cajun Man.
- CPP, CPP2 and EI for 2025 How much CPP and EI will be coming off your pay in 2025? Depends on where you live, but here are some tables to help you out (and reference points for others). What is this CPP2 thing? That explained too.
- Price Change from October 2019 Demystifying the Consumer Price Index (CPI) and inflation. Learn how prices have changed. Discover why it matters in your daily life.
- Accessible? Insights into navigating the world with limited mobility. Learn about the challenges and experiences of living with accessibility issues.
- I’m Dead, Now What? Once you are dead, consider what your family or friends might need. What will help make your demise a little easier to deal with? You’d be surprised how long a list this can be. #Dead #Will #POA
- Goals for Gen Y Financially. Discover Henry Rollins’ unconventional views on Gen Y. Learn how they can overcome challenges to achieve success.
- RDSP: Statement of Grant (Follow on) Find out the time required to receive a revised Statement of Grant letter. This letter is for the Registered Disability Savings Plan (RDSP). This occurs after reinstating the Disability Tax Credit (DTC).
- Disability Tax Credit Redux Navigating the Disability Tax Credit process for children with Autism Spectrum Disorder. Learn how to reapply and ensure continuous support for your child’s needs.
- Investing like Golf and April #MoneyTalk Discover why investing is like golf and how starting early can lead to significant financial growth. #Golf #Investing
Video of the Week
As usual Preet has a great perspective on the free money hose, as well.
