Canadian Personal Finance Blog

For all of you worried about interest rates jumping, you have another month’s reprieve with the Canadian Dollar rebounding (along with Oil Prices) and a “strengthening” of the economy, The Bank of Canada kept the overnight rate the

same for a while longer. Their exact statement about why they kept the rates the same is:

Overall, the risks to the profile for inflation are roughly balanced. Meanwhile, financial vulnerabilities continue to edge higher, in part due to regional shifts in activity associated with the structural adjustment underway in Canada’s economy. The Bank’s Governing Council judges that the overall balance of risks remains within the zone for which the current stance of monetary policy is appropriate, and the target for the overnight rate remains at 1/2 per cent.

So the Canadian economy seems to be “in the zone” for now, however, that zone continues to be the in dire need of stimulation zone.

The hockey season in Ottawa was a complete disappointment, and it’s unfortunate that the team owner, who seems to be more skilled at finding organ donors than winning coaches, has fired all the coaches. Since there are no Canadian teams left, it’s time to move on and find another team to support. Personally, I’ll be watching the Jays and Formula 1, as they are both thrilling and entertaining.

Under the your mileage may vary category, I submitted my tax on-line on this past Saturday, and when I checked at MyCRA on Tuesday, the return had been processed and I am due to receive my refund on this coming Monday. That is a very quick system, given these are the dog days of the Tax Year (i.e. the CRA is most busy).

Sorry to see Tom Mulcair get the boot from the top seat at the NDP, but someone was going to have to eat that stunning election collapse. The only question now is, will the NDP return to being the Political Party of the Oppressed and Downtrodden, and the conscience of Canada or continue their move to the center? The Liberals are hoping for the first one (I bet).

I have a special treat for you, at the bottom of this post another great John Oliver video, but this time on something very on topic, Credit Ratings.

My Writings for Week Ending April 15th

When people make statements like I Just Don’t Like Saving I kind of scratch my head and wonder how they got to that point, but surprisingly I hear this more often than you think.

You would think a giveaway would cause a flourish of comments, however, not on my site! No comments have shown up yet? This explains my inability to get a date when I was younger as well (I suppose), but remember I have 1 comment now, and 5 on-line Turbotax licenses to give away (thanks to my friends at Intuit ).

I have Said This Before

Experience is learning from your mistakes. Wisdom is learning from the mistakes of others

Read More »Loose Money, Free Stuff, Hockey and #MoneyStories

Remember that Tax Season is in full swing, so it might be time to file your return (primarily if you are owed money). Don’t loan the Government money. Make sure you neither owe nor get a huge rebate.

You can call the CRA if you have questions about your taxes, but remember, many folks are panicking working on their taxes right now as well, so be patient with the wait and with the folks trying to help.

This week, a big snowfall should remind folks who live in Ottawa that Spring may be in the air, but that does not mean there won’t be any more snow. Most of the snow is gone, but does that mean we are finished with the white stuff? Not until after your taxes have been filed!

The Panama Papers leak seems to be causing a great deal of consternation for many of the 1% and many politicians. I guess my question is, would you rather be mentioned in the Panama Papers or the Ashley Madison leak? (maybe both?). RBC was mentioned in the Panama Papers, and they don’t think there is anything wrong with it.

It was Autism Awareness day on April 2nd, or as we call it around our house, Saturday (or my Daughter’s birthday). Autism awareness has a noble goal, but frankly, more services and support would be great as well (and the new Ontario Autism services model isn’t going to help). We are fortunate my son is higher on the spectrum, but that does not mean I deserve little (or no) services because he is older (and I am evidently rich).

My Writings for Week Ending April 8th

A busy week meant I really only got 1 article written, but I continue to put up my best on my Twitter feed (along with a lot of other great stuff).

Given that we are getting close to Tax time, Tax Reflections for 2016 points out what I keep forgetting for my taxes.

I have Said This Before

Not asking, is rejection by default

Or better still, the Answer is Always No, unless you ask.

Read More »Tax Time, Spring Delayed, Panama Papers and #MoneyStories