The Canadian Money Magazine

By Big Cajun Man | Some of the better places to find information about Personal Finance in Canada (and the world)

Reasons to buy a used car instead of a new car

If you’ve been reading my site for any length of time you’ll know I’ve proudly owned this 16 17-year-old car.<p>I bought this 2000 Mazda Protégé days …

Money

Should I have "The Talk" With My Kids - Canadian Personal Finance Blog

The answer to that for every parent is <b>YES!</b> You should have “the talk” about money as soon as your kids understand what money is and start asking for …

Parenting

5 Steps to an RDSP - Canadian Personal Finance Blog

So I am blatantly stealing this from Kerry K at Squawkfox, but because she thought of it talking to me, I’ll take partial credit for it. Here are 5 …

5 personal finance myths you probably still believe

I get a kick out of the television series <i>Mythbusters</i>. For those of you unfamiliar with the program, each week the show’s stars, Jamie and Adam, try …

Financial Planning

Steak Knives, Yes. Financial Advice, Maybe Not.

When I was younger I had the opportunity to work for Vector Marketing, the sales arm of Cutco Corporation and the maker of Cutco cutlery – speciality …

Knives

The Behavior Gap

The title of certified financial planner Carl Richards’ book <i>The Behavior Gap</i> refers to the gap between “what we <i>should</i> do and what we <i>actually</i> do” when …

Financial Planning

Low Inflation Means No More Interest Hikes ? - Canadian Personal Finance Blog

I think it would be imprudent to assume that low inflation, will mean no more interest hikes. The Bank of Canada has wanted to lower interest rate …

Bank of Canada

Tax Planning Using Private Corporations - The New Liberal Proposals

I am going to set aside my summer "Best of The Blunt Bean Counter" series for one week, to provide my comments on the new tax proposals for private …

Retirement

You Need a New Set of Golf Clubs - Canadian Personal Finance Blog

Every golf pro (that sells golf equipment) tells me that to improve my golf game I need two things:<p>Expensive lessons from the Pro<br>• a new set of golf …

Money

Rate Reactions, Mortgage Double Ups, Bad Cycling and #MoneyTalk - Canadian Personal Finance Blog

A week after the tumultuous news of the Bank of Canada raising their nightly rate by ¼% Canadians are still recovering from rate reactions shock. As …

Kelly Olynyk

C8j's 3rd Lemma of Money - Canadian Personal Finance Blog

Use Expands to Envelope Surplus<p>Michael James wrote an interesting review about Parkinson’s Law yesterday and I commented on his site quoting <b>C8j’s 3rd</b> …

Personal Finance

Bill C-462 – Dead on Arrival

Tweet For those of you unaware Bill C-462 the Disability Tax Credit Promoters Restrictions Act ,was passed into law and received Royal Assent …

Taxes

Home Insurance: Three Strikes and You Are Out

Tweet I had a great time at CPFC15 this past weekend, where a bunch of Personal Finance folk got together to discuss things and two of the speakers …

Insurance

Is it Safe? - Canadian Personal Finance Blog

Is it Safe?<p>One of the most terrifying movies I have ever sat through is the Marathon Man which stars Sir Lawrence Oliver as a crazed Nazi dentist …

Personal Finance

Taking it to the Grave or Leaving it all to your Kids?

This summer I am posting the "best of" The Blunt Bean Counter blog while I work on my golf game. Today, I am re-posting a July 2011 post (originally …

Wealth

If You Have Credit Card Debt Don't Invest - Canadian Personal Finance Blog

This is one of the great “to the point” statements about investing in a Business Insider’s article that Michael James sent me.<p>The clarity of that one …

Credit Card Debt

6 Things You Should Know About Deposit Insurance in Canada

<i>This is a sponsored post written by the Canada Deposit Insurance Corporation. This has been reviewed and approved by Moneywehave.com</i><p><b>Editor’s note:</b> …

Banking

The Four Pillars of Investing

While reading William J. Bernstein’s book <i>The Four Pillars of Investing</i>, I was unsure of how to summarize it. After finishing I’d say that it aims to …

Investing

Debt is a Four Letter Word

Tweet I am astounded that I have not written something with this title before (in fact I was positive I had). I have talked about how there is <b>no such</b> …

Personal Finance

Don't Pay Down Debt? - Canadian Personal Finance Blog

My statement about debt has been that if you find money, you should throw it at your debt (if you have debt) until you no longer have any debt left, …

Personal Finance

Keep Calm and Pay Off Your Debt and #MoneyTalk - Canadian Personal Finance Blog

The Bank of Canada upped their key overnight rate by 50% this week! How will consumers possibly withstand this huge jump? Yes, that is how I …

Finance

When Should you Try to Pay Down Debt? - Canadian Personal Finance Blog

That is a question that seems to come up a lot so I figure I’d help folks out with some scenarios and when it might be a good time to start thinking …

Mortgages

What Would You Pay $213.52 For ?

Tweet Last week I visited my Doctor for my annual “physical” to make sure I am medically OK, and as usual the <b>Medical Services and Drug Industry</b> got a …

Health

Parenting Tip #327: Large Expenditures (Weddings & Education) - Canadian Personal Finance Blog

In hopes of helping other parents who might be having issues about how to spend their hard-earned pay on their children, sometimes myself and Mrs. …

Are We Saving or Investing?

When we buy shares in a company, are we saving or investing? Most of the world would call this investing, but William J. Bernstein disagrees. In his …

Finance

Financial Web Page Usefulness

Tweet After checking out yet another Mutual Fund web site I ended up putting together this interesting Ven Diagram of the information I was able to …

Web Design

Free Furnace Inspections - Canadian Personal Finance Blog

At our previous house there was an interesting tactic used by Furnace companies that I must tell folks about, when we got called for a free furnace …

So that is what $50,000 looks like... - Canadian Personal Finance Blog

For those wondering where I might have been yesterday, I took a day off to attend my daughter’s graduation ceremony at <b>WLU</b> in Kitchener. I haven’t …

College & University

My Favourite Canadian Dividend Stocks

<i>This is a guest contribution by Nick McCullum of</i> <i>Sure Dividend</i><i>. Sure Dividend uses</i> <i>The 8 Rules of Dividend Investing</i> <i>to systematically identify</i> …

Stocks