The Canadian Money Magazine

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

The Federal Budget - Where is the Incentive For Success and Entrepreneurship?

Last Wednesday’s federal budget was pretty benign. Personal tax rates did not rise to 60% and the capital gains inclusion rate remained unchanged. …

Taxes

Tangerine Credit Card Changes

Following quickly on the heels of adding new account fees, Tangerine is now making some less than friendly changes to their credit card.<p>The most …

Credit Cards

DTC Change For The Better - Canadian Personal Finance Blog

The 2017 budget announced a very big DTC change (disability tax credit), for the better. The specific statement is:<p><i>For many Canadians, nurse</i> …

Health Care

Weekend Reading

Welcome to my latest Weekend Reading edition where I share some of my favourite articles from the week that was. It was a busy week friends – happy …

Are Momentum Based Strategies Still Alive And Well?

We all have limited amount of time and capital, and one of the most common questions is 'Where to invest now?'<p>Momentum based strategies are still …

Stocks

Ho Hum Budget, Brackets Busted and #MoneyTalk - Canadian Personal Finance Blog

Disappearance of the Mass Transit usage tax deduction. Evidently it didn’t cause more folks to take the bus? Guess I can throw out my “bus pants”. I …

Retirement

Taking Out A Second Mortgage: A Cautionary Tale

Let me share a cautionary tale about taking out a second mortgage. I got into a lot of financial trouble in my early twenties. Even though I bought …

Mortgages

What is Sustainable Investing and how can you learn more?

<i>This post has been brought to you in partnership with Scotia iTRADE. All thoughts and opinions are my own and do not necessarily reflect the views of</i> …

Stocks

A Higher Income Won't Change Anything

A few years ago, when it came time to renegotiate our union contract with the company, I decided to join the bargaining team. I didn’t join because I …

Money

Stop punishing people who save and invest their money

Dear Government,<p>With the upcoming federal budget, based on what I’m reading and hearing, it includes significant changes regarding the taxation of …

Retirement

What Small Business Owners Need to Know - Management Fees - The Importance of Having Proper Support

Management fees may be used to reduce taxes amongst a corporate group and/or to gain access to a greater small business deduction (i.e.: a company …

Change Your Bank! - Canadian Personal Finance Blog

Change your bank was the battle cry of the Occupy Wall Street movement. There was a hope that somehow if a bunch of folk went and changed their banks …

Spring Financial Cleaning (revisited) - Canadian Personal Finance Blog

If you are a Couch Potato investor, have a look at your portfolio. Is it time to rebalance? Given the markets, might be a good time to …

Personal Finance

Generosity Isn’t About Money

You haven’t “made it” yet. You don’t command a hefty salary or carry a sizable bank balance. No silver spoons have ever landed in your mouth. …

Money

Fiscal Fasting - Canadian Personal Finance Blog

Now we have reached the Christian tradition of Lent, and for those who are religious, or just gluttons for punishment, are looking for things to take …

Financial Advice in the Oddest Places - Canadian Personal Finance Blog

<b>“Clean out your Wallet”</b>, I have talked about my GeorgeConstanza-like wallet, so I really do need to do something about that.<p><b>“Keep gift cards at …

The Buy And Forget Portfolio

When I run across people who lack the trading gene, I tell them to quit trading, end the self-abuse, and preserve whatever wealth they have left.<p>I …

March Madness in Finances - Canadian Personal Finance Blog

For a while I have tried to write something that points out that watching past performance isn’t going to predict the future in finances (and the …

Naughty Banks, March Madness, Big Snow and #MoneyTalk - Canadian Personal Finance Blog

The CBC is flogging the “Banks are mean” story line, which has been true, but I guess they think it is a new thing. They had a great discussion on …

Banking

What Small Business Owners Need to Know - The Debits and Credits of Shareholder Loans

As an owner-manager, you can withdraw funds from your corporation as a salary and/or a dividend or as a shareholder loan. The Canada Revenue Agency …

Loans

TurboTax 2015 Review

Once again, tax season is upon us, and many people are using TurboTax to file their return. A few years ago, Intuit rebranded their Canadian tax …

Taxes

Banking On A High Pressure Sales Culture

Canada’s big five banks continue to post record profits and the pressure to achieve ever-increasing sales targets has filtered its way down to the …

What makes a great Exchange Traded Fund?

What makes a great Exchange Traded Fund?<p>Lots of things from my perspective, things I’ll share with you today…<p><b>What is an ETF?</b><p>An ETF (Exchange Traded …

Stocks

Balance Transfer Offer

I have a credit card that I don’t use much any more because I get more cash back on another card. I recently got an offer related to my little-used …

Personal Finance

If You Can: How Millenials Can Get Rich Slowly (A review) - Canadian Personal Finance Blog

Michael James told me about a booklet entitled <i>If You Can How Millenials Can Get Rich Slowly by William J. Bernstein</i> (ASIN: B00JCC5JKI) (Publisher: …

Buffett bets big on Vanguard

As someone who has worked closely with Jack Bogle for more than 30 years, I’ve gotten a kick out of seeing his ideas—and Jack himself—receive …

Warren Buffett

Weekend Reading - $5 phones, bull markets, tax tips, products and more #money stuff

Welcome to your Weekend Reading edition, listing some of my favourite financial articles from the week that was.<p>In case you missed it:<p>I had an …

Teller Upselling, Auto-filling Taxes, Spring Forward and #MoneyTalk - Canadian Personal Finance Blog

Spring Forward This Weekend (but it isn’t Spring quite yet)<p>The CBC had a report this week from a TD Teller, who says that he or she is expected to …

Taxes

Are you paying just the minimum balance on your credit card?

Frugal Living