The Harper government wants you to work more
Well it as been said by Mr. Harper that he is looking into allowing Canadians to retire at an early age of 67, compared to 65 which is right now. It seems that the gaol of Mr. Harper is to make you work until you die, so they won’t have to pay for a single penny of your CPP that you have the right to earn. Now, I am not saying that what is goal is of course, but deep down the government might slightly be optimistic about this idea. Here are the current facts. In 2010, it was said that for every senior on the CPP, 4 Canadian workers was supporting that person. And they stated that by...
read moreOPP speeding up
You know it, and I know it, that the goal of police officers is to serve and protect, which overall they do a great job. But I noticed recently that some police officers for reasons that I cannot understand is speeding and reckless driving. Most OPP officers and other police officers are courteous, serve and protect us and obey speeding on our roads, but recently while driving to work I see more officers not caring for a second about speeding or reckless driving. About three weeks ago an SUV was tailgating my rear vehicule because I was not going above the posted speed limit. The roads...
read moreCanadian house prices could go down
Now in Canada, the mortgage interest rates are going even lower, to a new low 2.99% for a 5 year fix with the Bank of Montreal,which in thus will probably increase the house prices on the market today. Now you may say “Well that’s great isn’t it?” Well in short, NO. For now it’s true it is a good thing, but like the old saying says, ” what goes up must go down”. Now more than ever, Canadians are buying homes that if the interest rate was, for example 5%, they could not afford, which is scary, since mortgage rates will go eventually back up which...
read moreCanada corporate tax rate reduced again
Well its a new year, and the federal government has reduced again the federal tax rate for corporations to new low 15%, from 16.5% in 2011 (and it was 18% in 2010). While some of you may say this is a great way to get more foreign investors to open companies in Canada, is still does not help workers to receive better salaries or even benefits, which in thus is not helping the federal government to receive more income (tax revenue) What the federal government is creating is allowing companies to come to Canada and not having to pay their fair share in taxes, therefore leaving the...
read moreWhy investing stocks in the TFSA rocks!
Now many of you (Canadians) already know about, or evn have a TFSA account (Tax Free Savings Account). But what you may not be aware of is that you can open a TFSA stock account. Yes, you heard me right, a TFSA stock account where all you capital gains and dividend are tax free! Now if you are very conservative then read no further, but if you can tolerate some ups and down on the stock market please read on. With a TFSA stock account you can invest in companies that YOU want, or even ETFs. The big thing that I am currently investing under my TFSA stock account are REITs (Real Estate...
read moreQuesTrade review
It has been over a week that I have been using Questrade, and like I promise here is my review. First of all, I found the application very easy to use. Everything needed from Questrade you could either send via fax or upload on their secure website (e.g. driver license) Now if you don’t like applying online, then you may be able to apply by phone. But remember, the reason Questrade keep their commission price low is because most of their clients (I would assume) do everything online. When it comes to buying stocks, Questrade makes it easy with their web based site questrader.com. The...
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