Want an extra million just from tax savings alone?
(That’s the sexy headline.) Let’s look at $60K from a salary versus $60k from eligible dividends (Corporate dividends) Salary Eligible Dividends Income $60,000.00 $60,0
Canada: Can you save too much in your Registered Retirement Savings Plan (RRSP)?
I know it sounds ridiculous. Saving TOO MUCH in your retirement plans? This is definitely a #RichPersonsProblem, but nonetheless, one that exists. However, it is true that the gove
Cheap USD Conversion: How to convert Canadian Dollars ($CAD) into U.S. American Dollars ($USD) using Norbert’s Gambit
Who/What is Norbert’s Gambit? “Norbert’s Gambit” is named for Norbert Schlenker who developed this method for his own personal use to be able to take his Canadian Dolla
What else you can use in Canada to save for your child if you have already maxed out your Registered Education Savings Plan (RESP)
So I always put in $2500 a year for Little Bun’s RESP to get the maximum 20% match from the government and the province. I don’t put in more than $2500 because at the r
How Canadians can use USD when traveling & transfer USD from Paypal to USD at a bank in Canada or Questrade (Royal Bank of Canada RBC, Wise formerly Transferwise and TD Bank)
Ahhhh U.S. I work so much with Americans and get paid a lot in $USD but always get screwed with $USD to $CAD conversions that it makes me annoyed. So I thought — how can I ju
Canadian Investing 101: Crash Course – 60 mins + Q&A
Hello! Just a small (nervous) note that I’ve created a course for $100 CAD that will go into the basics of investing in Canada. I’ve had enough people ask me that I am
How much can you get as childcare benefits and allowances in Québec or in Canada?
Last Updated: June 2020 It is not easy to find this information because it doesn’t seem to be very clear at all, so if you see something off, please let me know. I won’
Canada Estate Planning for Tax Efficiency Rough Guide
This is a general guide. I came up with this out of some general rules from reading and researching and they are this. RULES There is no inheritance or estate tax upon death Upon d
How to make almost an extra $500K over your lifetime: Comparison of dividends versus salary & capital gains
Dividends (depending on your province) are a great way to make an income and pay barely anything in taxes. If you’re tax efficient, $30,000 in income is NOT EQUAL across the
Cancelling credit card transactions a.k.a. disputes when you don’t receive your packages
So I didn’t get a package I ordered the other day. I was so frustrated on the phone trying to verbally prove to them that I am not lying, I have no idea where it is, and yes,