DTC Change For The Better
You can get your Disability Tax Credit (DTC) T2201 paperwork done by a Nurse Practitioner.
You can get your Disability Tax Credit (DTC) T2201 paperwork done by a Nurse Practitioner.
A very ho hum budget from our government this time with a few more tax tweaks (where tweak always ends up acting like a tax increase, due to the loss of yet another deduction).
Estimated reading time: 4 minutes
The big ones for someone like me end up being:
Extend to Registered Education Savings Plans and Registered Disability Savings Plans anti-avoidance rules similar to the ones applicable in connection with Tax-Free Savings Accounts and Registered Retirement Savings Plans.
The good news is that the Capital Gains taxes and Pension Income Splitting haven’t been touched.
March Madness continues this weekend, and Formula 1 racing begins again as well. Yes that audible sigh you hear is Mrs. C8j realizing I will be a true Couch Potato this weekend. March Madness bracket picking is similar to stock picking in my books (i.e. I stink at both of them).
Spring, sprang here in Ottawa, there is still snow on the ground and we had -25C temperatures, but it was Spring! I also wrote about Spring Financial Cleaning (revisited), and some of the things to do this spring.
More disturbing comics from Dilbert, especially about investing.
Read More »Ho Hum Budget, Brackets Busted and #MoneyTalkToday is the first day of Spring in the Northern Hemisphere. Spring is a time of renewal and new beginnings, for your finances as well. The first financial quarter of the year is almost over.… Read More »Spring Financial Cleaning (revisited)
I understand you’re aware of the profit-driven approach taken by banks, and the recent CBC coverage on this topic. It’s important to recognize that banks are not your friend, but rather they are businesses focused on generating profits for their shareholders. As a customer, you are simply an income stream that banks can exploit to meet their financial goals. We need to remember that our relationship with banks is purely a business one, and it’s up to us to be vigilant and protect our interests. The onus is on us to take charge of our finances and not rely on our banks to have our best interests at heart. Oh those naughty banks.
Remember those thoughts the next time you think your bank is helping you out, by allowing you to have a new service. The only reason they let you have it, was to make them money.
March Madness has begun, I am cheering for Deep State to take the whole thing. Curious stat I found that this time of year is when the most vasectomies occur (and around time for the Masters), so the patient can “recover” at home and watch the games in peace. Seems a little extreme just to have the family leave you alone, but, to each his own. One day I will write about my two vasectomies. Might this be March Vasness ?
Have I mentioned how much I dislike finding snakes in my car? As Bugs Bunny said, “Good Bye Florida!”.
It snowed, in Ottawa, too much. That is all.
I took a week off, given it is March Break. Stay tuned we will be celebrating my 12th year of being the “Cranky old man of Personal Finance”, next week!
Stan Buell has the correct view on the whole, “The Banks are out to get us” statement.
Read More »Naughty Banks, March Madness, Big Snow and #MoneyTalkThe CBC had a report this week from a TD Teller, who says that he or she is expected to reach goals selling (sometimes unwanted) customer services. This teller stated, ‘I will do anything I can to make my goal‘. Am I surprised by teller up selling ? Absolutely not, every teller I have dealt with lately has engaged me about new services at the bank. I get harder sells at my bank than I have at car dealerships. As Michael James has said, Canadian Banks are losing income streams, so they must work hard to get new income streams. Expect teller up selling , just have a polite (but firm) negative response ready.
I am not sure how to politely tell the teller, Sod off, I don’t need credit insurance!, or “No I don’t want to get another credit card“.
Auto-filling has come to the world of Canadian Income Taxes, isn’t it great! I did get a cautionary comment from a reader, to be very careful and make sure the CRA has all of your tax slips before you auto-file. Strangely you can’t blame the CRA for not having all your forms ready.
How goes your Lenten Financial journey? Mine so far is stinking it up big time, but there is time to adjust and fix my plans. Remember it is a journey, not a true false test.
A quieter week than last week with only 1 article, but an important reminder that it is Tax season with, Tax Tips to Remember 2017 (which is for tax year 2016). Lots of new wrinkles in the system, make sure you get back all the money you are owed. I have had discussions with other financial writers about the TFSA being misnamed. The TFSA makes people think it is a Tax Free Banking Account , which it can be, but not necessarily. Is it just semantics? Not if you are trying to save money.
An excellent Dilbert cartoon about your level of Risk Tolerance
Read More »Teller Upselling, Auto-filling Taxes, Spring Forward and #MoneyTalk