Is Your Toilet Flushing Hot Water?
Is your toilet flushing hot water ? You might want to check, connections get confused, and it can end up costing you a great deal like bank fees do.
Welcome Americans and #MoneyStories
Another historical piece, when President Trump as elected SO many Americans said they were going to move to Canada, never really happened, that I saw.
Welcome our American cousins, and all those who are claiming that if Donald Trump (or Hillary Clinton) gets elected they will move out of the United States of America. We Canadians welcome you with arms wide open, however, please leave your arms down there (thank you). It is always interesting to hear folks down south claiming they would move up north, a few good examples were:
- If Obamacare passes! So you are running away from socialized medicine to move into a country with socialized medicine?
- If gun control laws are passed? Canada you want to move to? The big one up north?
- If marijuana is legalized?
- I am not even going to mention abortions
Should be an interesting choice down south, guess I should look into Wall futures? Remember that Toronto in the 60’s was a haven for Draft Evaders from the Viet Nam war, and that time was viewed as a Golden Age for Toronto, so who knows, maybe this is a good thing for Canada?
For any folks thinking of moving here, the topic for March is either, the Weather or Taxes! Luckily we have plenty to complain about on the tax side of things, with the Ontario Government slapping new taxes on many things, and the newly crowned Liberal Federal Government (or am I supposed to call them The Trudeau Government) talking of more taxes needed as well, the cold might not seem so bad. You see what I did there, I did the old switcheroo where it sounded like I was going to complain about how cold it was, and instead, I zinged in with a Tax Complaint (that is a very Canadian thing too).
My Writings for Week Ending March 4th
We leaped out of February into a short beginning of March, with RRSP season leaving us, but Tax Season is now in full bloom.
With this being a leap year did we have an extra day for RRSP contributions? Maybe, a few folks said it didn’t matter, but if you only worry about your RRSP at the end of February, you may have a financial planning problem, as I pointed out in Leap into Your RRSPs and Financial Planning
As I have mentioned many times I have a massive backlog of unfinished ideas, and I found one and added a bit of polish and a lot of sarcasm poking fun at Financial Services Web Pages
A Friday Thought
Read More »Welcome Americans and #MoneyStoriesThe hardest times to say the word no, are usually the most important times to say it.
Financial Web Page Usefulness
Do financial web pages have the information on them, that you are looking for? Is it easy to find that information? The answer is usually No and No.
Leap into Your RRSPs and Financial Planning
If you were given a free day to do whatever you want, what would you do? Today is that day. What financially should you do in a leap year?
RRSP Time and #MoneyStories
Attention! If you were planning on rebalancing your RRSP or any similar account, you only have until the end of Monday to get it done. While there may be exciting articles out there to read, always remember that the RRSP is more than just a savings account. It’s a tax deferral system, which means that you will have to pay taxes on the money you withdraw. But don’t worry, it shouldn’t be more than what you saved by putting money in your RRSP in the first place. Is it worth panicking to try to make a last-minute RRSP deposit if you don’t have a specific need to do so? Absolutely not! You will do better by putting the money in your TFSA (if you have room, for either, for that matter), or paying down debt. So, take action now and make the most of your investments.
The Ontario Government decided that they wanted to have the biggest sub-national jurisdiction Debt in the world ($308 billion), so they continue to run big deficit budgets with big promises. I will be reviewing the alleged extra funding for the Autism programs (with a lot of input from Mrs. C8j, hopefully), $333 million over five years. Why couldn’t they just give me a cut of that? Speaking of huge debts, evidently the World Debt is Rising (according to Bloomberg) but who are we borrowing from then? Mars? Venus? Maybe that is how Pluto ended up being demoted from planet (it owed too much money to the Intergalactic Banks).
Did you realize that Mattel has brought back the Thing Maker as a 3D printer? In case you were wondering what to get me for Easter.
A thought for a Friday:
“Don’t confuse comfort, for happiness”
My Writings for Week Ending February 26th
Another very confusing week of weather here in Ottawa, but luckily my writings didn’t seem as confusing (I hope).
To absolutely no consumer’s surprise Stats Canada published last week the monthly inflation numbers and it showed that healthy food costs a lot more than it did a year ago, and even Gasoline is more expensive too? Given the new taxes the Ontario Government is going to put on booze and smokes, that won’t help these numbers either.
What is a Spousal RRSP? That is a question a few folks have asked me, and I keep thinking about how only 10 years ago it was really the only way to income split (in retirement), but now thanks to Pension Income splitting the Spousal RRSP seems to have disappeared off folks’ savings radar?
Read More »RRSP Time and #MoneyStories