The Investing Series: Tax-Free Savings Accounts (TFSA) Canada
Basically, the Tax-Free Savings Account (TFSA) in Canada is the equivalent of the Roth IRA in the U.S. YOUR ELIGIBILITY You have to be 18 or older and a resident of Canada No incom
How much should you contribute to your kid’s education fund (RESP) in Canada?
An Registered Education Savings Plan (RESP) which functions a lot like an RRSP (Registered Retirement Savings Plan). Brief Overview of Registered Education Savings Plan (RESP) Rule
How much money do I need to buy a house in cash?
Sounds like a rhetorical question, but it isn’t for me. I am thinking of how much money I would need above and beyond the actual purchase price (plus all the fees and so on)
I really don’t care what my kids will do as a profession when they’re older
…as long as it isn’t illegal or otherwise salacious, I’m okay with pretty much any profession. (No leaders of mafias, strippers, or drug dealers please.) Why? Bec
Living my life on credit — The Freelancer’s Way
As a freelancer, I was thinking the other day that we actually live our whole lives on a form of credit, that is a credit to ourselves. Every time I stop working, I am aware that t
The 10 Billionaires We Don’t Hear About in the Media
We sure hear a lot about Warren Buffett (Berkshire Hathaway), Larry Ellison (Oracle), Bill Gates (Microsoft) or of the Walton family (Wal-Mart), if we pay attention to finance, tec
Quebec Living: List of tax benefits and programs of having a child
DAYCARE You can go to La Place 0-5 and check out all the daycares, they have a list of almost all of them. You have two major categories of daycares: Fully subsidized – The
The Canadian Financial ‘Money Things To Do’ Checklist for Each and Every Year
Here’s my short checklist of financial money management I do before the end of the year to prepare for the next. It is not everything I do (and I don’t do it all, such
Investing Series: Where I invest my money in index funds (ETFs) in Canada
This is a part of the Investing Series. ————————————————- I have almost every single penny of my investments (except for about $14,000 that is lock
What I am looking for in a condo (in the future) to buy in cash
Remember how militant I was when I did my numbers on condo-buying versus renting? I am thinking of a condo! Now that we’re casually looking for something in Montreal to stay