Skip to content
Canajun Finances Home » Best of » Page 31

Best of

coffee magazine

RDSPs, Thrifty NFLers, Election Ho Hum and #BestMoneyStories

There was an excellent article on Disability Tax Credits for disabled children and how to apply for it (on the Brighter Life website) done by Sheryl Smolkin, that I most heartily suggest you go read. This article and “interview” with me were what caused me to write RDSP Questions and Answers, but as usual, Ms. Smolkin did a much better job on the subject. Go and have a read to understand the intricacies folks with children with disabilities must go through to get help from the CRA (getting help from other places is even more exciting). I’d like to thank Ms. Smolkin for interviewing me.

There have been a couple of interesting articles talking about frugal NFL players living within their means, which is a heartening topic to read about.  The St. Louis Rams have a program for rookies about how to be Money Wise, but John Urschel (a noted mathematician as well), who is an offensive lineman for the Baltimore Ravens, has a roommate and drives a very frugal car. Urschel is a mathematician who has published a few papers, which is a few more than I have (and I claim to be a Mathematician as well). Another player Ryan Broyles (a wide receiver for the Detroit Lions) is also living a frugal life because he is aware of just how short his career might be. How short can your career be? Ask the Steelers who tore his ACL during the Hall of Fame Game on Sunday night.  My plan for Fantasy Football this year is to have Watson be my Fantasy Football Coach. Did you know that Zdeno Chara of the NHL has a financial planning certificate from Algonquin College? Not all players will squander their fortunes (but unfortunately, far too many do).

Good to see Mr. Duffy back on the public payroll during this trying time in his life. The biggest excitement economically was the Chinese government’s enforced devaluation of the Yuan. What will be the impact on Canada’s economy (ouch), and the fragile commodity-reliant Canadian Economy take another hit.

My Writings for Week Ending August 14th

Another sluggish week for me in terms of writing, but that was mostly due to being busy doing other things. I am attending CFPC (which LSM Insurance is giving tickets away for), so that may really reinvigorate my writing :

  • The only new writing I did this week was pointing out that there were 6600 more jobs in Canada (from June to July). Whether anyone on the election trail will use that as fodder for discussions, is unknown.
  • The continued Financial Blogger advice for young folks in debt, to move back in with their parents to “… save money…” caused me to erupt on Twitter and to also bring back one of my favourite acronyms in this area K.I.P.P.E.R.S. , read it and understand why a 54-year-old father of 4 might get twitchy with that kind of advice.
  • I do remember an N.C.F.B.A. that Rob Carrick attended where he erupted with a great line that I had to use as the title to an article Atrociously Dangerous Investment Advice.
  • I still haven’t heard from my query, Dear Market Gurus: How do I get 7% Growth? Not sure if I ever will.

Poor Krystal didn’t know that she hit a nerve with me:

Read More »RDSPs, Thrifty NFLers, Election Ho Hum and #BestMoneyStories
More cowbell

Cheap Gold, Cheap Oil, Weak Dollar, Election Week 1 and #BestMoneyStories

The Canadian Economy keeps taking it in the teeth these days, in terms of its over-reliance on commodities and the cheaper prices of Oil and now on Gold (Au). Gold now sits at a 5-year low in terms of its price, and it is making it less attractive to mine gold, thus doing jobs in mining scarce, to go along with the problems already seen in the oil patches. The lower Canadian dollar will make manufacturing jobs in Canada look more attractive, but we shall see whether that part of the economy awakes from it’s 9 year slumber. The Canadian NHL teams will also have issues with their revenues (given they must pay their players in US $).

Seems like maybe we should have thought about this when the Canadian Dollar was strong, and Oil was over $100 a barrel. Just saying.

Speaking of cheap Oil prices, glad to see gas prices aren’t dropping quickly, even with oil under $60 a barrel, but the price of gasoline has nothing to do with the price of oil, does it?

A sad farewell to Jon Stewart at the Daily Show, many a great quip has come from that show and its writers, we shall see whether it can whether Mr. Stewart’s departure.

The first “leaders” debate transpired last night, but my guess is, it wasn’t nearly as interesting as any debate that might include the “Master of Disaster” Donald Trump. He makes politics interesting again (or at least as interesting as UFC to watch). This week in the election we have had wagged fingers for the Tories and NDP calling Justin Trudeau by his first name (nice hair though), Mr. Harper promising that one day he might, if the budget is balanced, and oil goes back up in price, think about possibly bringing back the home renovation credit, and Mr. Mulcair mostly chuckling in the background, realizing he doesn’t have to open his mouth and he could win a majority. The Green party is doing something, and the Bloc has decided to run a stealth campaign of their own, maybe we’ll look back in on this lot in September?

My Writings for Week Ending August 7th

Well, I didn’t really write much this week, thanks to vacations and studying for my French Exams), but I did go through my archives and found some of my favorites from the past :

Singing Horses ?
Maybe Those Horses Might Sing ?
  • A great financial understatement is really me commenting on my own dry commentary on the stock market implosion of 2008. Those were bad times, but thanks to that I managed to make some great investments? Yes, it doesn’t make a lot of sense, but that is how things work sometimes.
  • Advice: Best Financial Advice Ever Given, is one of my favorite money related parable/joke that my Father told me, and this interesting icon on the right came from that exact same post as well.
  • To give you an orthogonal response to the previous post, The Worst Financial Advice Ever Given, is me making a big mistake with a friend (and one of the reasons I don’t give out advice, except to my kids).

People call Ottawa the city where fun went to die, I think I disagree, it is the city where
fidelity went to die:

Read More »Cheap Gold, Cheap Oil, Weak Dollar, Election Week 1 and #BestMoneyStories
banks and humor

Elections, Heat, Cheap Oil, and #BestMoneyStories

Elections, Heat, Cheap Oil, and #RandomThoughts , and election that Mr. Harper maybe should not have called?

More cowbell

Family Allowance, Diving Dollar, Access Sharing and #BestMoneyStories

The Conservative party has made a significant change to the Universal Child Care Benefit (UCCB) by making it a taxable benefit. This has resulted in the reinstatement of the Family Allowance cheque, which was previously issued and then withdrawn if the recipient earned enough money. It’s worth noting that while the new UCCB is currently being paid out, many people are not aware that it is a taxable income source and may not realize this until after the election. However, the Liberals, NDP, and I will be sure to bring this to people’s attention long before the election.

Now there is talk of a real deficit this year (not a big one, but no balanced budget to go into the election with either). What with all the talk of recession (check out the CBC’s panel at the end of this and their views on this) and it looks like the economy may be a liability for the Tories, instead of a rallying point for voters.

Thanks to the drop in Interest rate drops last week, the Canadian Dollar is at an 11 year low, and doesn’t really show any sign of dropping either (so if you were planning a fun trip to the USA, it is going to cost you some more). For our American friends, come on up, everything is now much cheaper than it was last year.

Bell is now being forced to share their high-speed internet home connections? I applaud the CRTC for helping make sure there is competition for home high-speed internet access.

My Writings for Week Ending July 24th

Glad to see I am living in “sin city” in terms of Ashley Madison subscriptions :

I am still on this fine list from LSM Insurance:

Read More »Family Allowance, Diving Dollar, Access Sharing and #BestMoneyStories
More cowbell

Loosest Money, Weddings, Greece and #BestMoneyStories

The Bank of Canada decided that the best way to wean an economy that is addicted to stimulation is to lower the interest rates ? Canada does seem to be in a recession, but lowering Interest Rates is an interesting way to deal with it. Their exact statement about the economy (which they now claim won’t recover until mid-2017):

The lower outlook for Canadian growth has increased the downside risks to inflation. While vulnerabilities associated with household imbalances remain elevated and could edge higher, Canada’s economy is undergoing a significant and complex adjustment. Additional monetary stimulus is required at this time to help return the economy to full capacity and inflation sustainably to target.

What did that do to the Canadian Dollar, you might ask?

Weddings? Yes, my eldest daughter (Daughter 1.0), was married this past weekend and it was a wonderful event. She looked radiant, and it was interesting to be back in Kitchener. I thought Ottawa’s construction problems were insane, but Kitchener has taken it to a new level, ripping up King Street.

For those who have not participated in a wedding as a parent of one of the participants, it is a very different experience, and I was not really ready about how emotionally draining it was, and yet another event that reminds you of your own mortality.

Greece? Seriously? Who is writing this stuff? Is anybody investing in Greece trying to make some quick money maybe? Are you? You are NUTS!!!

EQ Bank Savings Account
If you are looking for Free Banking with HISA Interest, Click Above

My Writings for Week Ending July 17th

I was recovering from my daughter’s wedding, so not much new from me this week, but maybe some more helpful family posts :

I did buy something on Amazon Prime day, but what was the impact of Amazon? The Economist has something for you:

Read More »Loosest Money, Weddings, Greece and #BestMoneyStories
Verified by MonsterInsights