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DTC Problems

DTC Changes, Christmas Present Ideas, Fraud and #MoneyTalk

It seems the CRA and the Minister of Finance are not on the same page. The Minister told Parliament that there had not been any change in Disability Tax Credit (DTC) policies towards Diabetics or any other group. However, the National Post disagrees. They seem to have found an e-mail that seems to imply that the CRA has change their policy towards Diabetics and the DTC. Whether this is true or not, there does seem to be a perception with some of my readers that it is getting harder to get the DTC, especially for parents of kids with Autism.

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My suspicion suggests that the CRA is cracking down on Disability Tax Credit cheats, which I am OK with, but let us hope that folks aren’t getting to vociferous during this crackdown.

If you are having issues getting your Disability Tax Credit , contact Autism Canada about the troubles you are having.

Disability Tax Credit Problems
Are You Having Disability Tax Credit Problems ?

Christmas is about two weeks away, and there are a bunch of great finance books out there written by friends that would make excellent gifts. Nothings says Christmas more than a book that tells folks to stop over-spending (after they have over-spent). Tales from a Bankruptcy Trustee could become your new Christmas Eve tradition, or better still, How the Zombies Saved Financial Christmas (or the Leafs Season, not sure which).

My Recent Writings

I went into my archive of over 300 unfinished stories for Pension Income Splitting. It will be a money-saving technique I will use in my retirement, hopefully the tax laws won’t change by the time I retire.

Rampant Upselling was a reaction to a visit to have my Oil Changed at one of the Quick Oil Change places, and being accosted for all of the services that they offer. I have a regular mechanic, but I didn`t have time to make an appointment. Yes these places seem to do a good job, but be prepared to be badgered about every possible service they offer.

Micro Blogging on Finance

Our happy Bankruptcy Trustee friend has his own list of Christmas gifts.

Read More »DTC Changes, Christmas Present Ideas, Fraud and #MoneyTalk
Upselling financially

Rampant Upselling

After sitting through another rampant upselling session from my local “Quick Oil Change” place, I have sworn I will not return, it is just too much. All I want is an Oil Change, I do… Read More »Rampant Upselling

Pension Splitting

Is Pension Income Splitting a good thing?

The only legal way to income split in Canada is via pension income splitting, which is available only to folks with pension income.

Old Cell Phone

Unlocking Phones, Raiding Parents’ RRSP, Household Debt and #Moneytalk

Today is the first day of Unlocking Phones in Canada. The CRTC’s rules about how Cell phone providers must give the phone to you unlocked comes into play today. You can also get your phone unlocked for free, if you have a contract with the firm. Isn’t this a great day? Wonder when we start getting cheaper rates and unlimited wireless internet? Guess that one is going to take a little longer?

Estimated reading time: 6 minutes

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Old Cell Phone
Unlocking Phones like this will never happen

The minister of National Revenue reinstated the Disability Advisory Committee. This might be a good thing, but hard to tell. I believe this is a reaction to the media coverage of Disabled Folks losing their DTC. What is this committee going to do?

“The Committee will advise the CRA on how we can better inform people with disabilities and various stakeholders about tax measures and important administrative changes. The Committee will also review the CRA’s administrative practices and make recommendations on how we can enhance the quality of our services for people with disabilities.”

So my guess about them reacting to folks losing their DTC in the media is on-target.

The Real Estate world seems to be wetting their pants over possible drops in sales, so now they have come up with a new ferkokten idea, allowing buyers to borrow from their Parent’s RRSPs? I love my kids, but that is possibly the most meshuge idea ever. Put money away for my retirement, but decide I’d rather keep working so my kids can have a house? I keep reading that phrase and it doesn’t make any sense. Whoever thought that up is the definition of Chutzpah.

The amount of hype the Real Estate industry is creating is getting to the levels of the Cigarette Companies in the late 1960’s. A family in every house, a car in every garage and a chicken in every pot as the National Dream may well be over.

Did I say bubble? With Bitcoin smashing through $1000 maybe it is time to think about investing in it? What you nuts? Here is an interesting statistic for you, Bitcoin mining consumes more electricity than 20+ European countries. People are wasting that much electricity for this? Wow.

Do those Boomers have money for their kids to borrow? Stats Canada put out a study that suggests:

“The level of household debt relative to income in Canada remains high by historical standards and continues to rise, driven by growth in mortgages and home equity lines of credit.”

This is bad news for all the bubbles out there. Eventually the Debt bubble will go pop, with either higher rates of interest or creditors tightening rules for lending. Listen closely folks the next financial bang might be very loud. Remember the good old days when Mortgages were 10% and we thought that was low? Should call my friend Mr. Hoyes to see how many bankruptcies he’d expect if interest rates went to that level?

My Recent Writings

With the maniacal shopping of Black Friday and Cyber Monday, I figured I’d go to the one day out of it that speaks to me and that is Giving Tuesday. Everyone has their go to charities, and with Giving Tuesday, My List I give you my list of the charities I am giving to this year. I didn’t mention my Church on the list, but that is the other charity I donate to.

Micro Blogging on Finance

Today is the big day! The caveat I read is that your unlocking phones must be done under contract with one of the Cell Phone providers, but what about me, I am not on a contract, I am month to month? We shall see I suppose.

Read More »Unlocking Phones, Raiding Parents’ RRSP, Household Debt and #Moneytalk
Giving Tuesday

Giving Tuesday My List

Giving Tuesday is a response to Black Friday and Cyber Monday, where you should give to a Charity, but which one? I have a list for you.

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