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This is the second post in a series of guest blogs throughout the month of May, with each writer trying out for a staff writer spot (or two) on Canadian Finance Blog. Once all the posts are online, I’ll publish a wrapup highlighting all the writers and their guest post. There are a lot of…
Office politics are not my strongest suit. I haven’t spent a lot of time in the office throughout my working career, so I don’t have a lot of experience in making the best decision in the office. Recently my office has been making a big push towards food bank donations. They want us to bring…
It seems strange to think that your finances could improve when you give money away, but it’s true that there are some positive effects that your finances could see when you are generous with your resources. Before you dismiss the idea of giving your money away, here are some good effects that generosity can have on…
Thanks to The Blunt Bean Counter for organizing the Bloggers For Charity initiative. All blogs combined, we raised an impressive $12,575! Special thanks to Lisa, who donated $200 to Woodgreen’s Homeward Bound Program to win the Blogger for a Day here at Canadian Finance Blog! I am so happy to support the Canadian Finance Blog’s,…
Shortly before my wife was diagnosed with MS, she had participated in the local MS Walk fundraiser with a group from work. I donated $100 to her team, and gave myself a nice pat on the back for supporting a great cause. The next year I took a different approach after learning about my wife’s…
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…
By saving your receipts you can optimize the tax credit you receive on charitable donations you make to registered charities. You do however, need to have a dependable filing system since you’ll need to hold on to your receipts for a few years. The first $200 of charitable donations you claim are eligible for a 15%…
