Canadian Capitalist wrote about the danger in chasing yield.
Million Dollar Journey reviewed the pros and cons of holding a mortgage within an RRSP.
Thicken My Wallet had a guest post from Mom2KG on being prepared for disasters like floods and fires.
Generation X Finance points out that while mortgage rates may be falling, changes can make borrowing costly.
Bob [...]
The Canadian Source For Personal Finance
Monthly Archives: February 2009
Friday Links
Reduce Your Credit Card Interest Rate
Is your credit card interest rate 18% or higher? Call the number on the back of your card, tell them you have seen lower rates and chances are that you can get them to lower it.
Your best leverage during the call could be if you have a recent offer in the mail with a low [...]
Real Estate Investment Trust (REIT) Portfolio
I’m considering holding REITs in my TFSA since they would be a good income earning investment, but not necessarily tax efficient. My first thought was to look into the iShares CDN REIT Sector Index Fund (XRE), but it’s 0.55% MER is rather high for an ETF than only has 11 holdings.
You can replicate more than [...]
Visa and MasterCard Debit Cards
Visa and MasterCard have both confirmed that they are looking into offering their debit cards in Canada. These would be similar to the Interac cards that we’re familiar with here in Canada. Interac is a non-profit organization, owned by the banks and credit unions, it’s fees are based on the cost of processing transactions.
While normally increased [...]
Tax Refunds Are A Bad Thing
While many people get excited about large tax refunds, all it really means is that you lent the government money throughout the year, interest free.
Say you are paid bi-weekly and every year you were expecting a tax refund of $5,200. Maybe this is due to set RRSP contributions, plus a stay at home spouse and a couple children. While [...]
Friday Links
Million Dollar Journey wrote an article about carrying forward your RRSP contribution.
Thicken My Wallet asks if this is now a renter’s market?
The Financial Blogger states the pros and cons of RRSP loans.
Financial Highway looked into whether dividends from Canadian banks are safe.
Four Pillars had a post about condo hotels as an investment.
Investing Your Charitable Donations Credit
I was asked a question about my charitable donations post from last week. The question was, instead of the $200 in my example, what if he donated say $1,000 a year… would he be better off getting the credit each year and investing it?
For starters, lets break down the tax credit he would receive, each year [...]
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