Ways to save that won’t anger the taxman
People will do almost anything to save on taxes, like claiming the family dog as a security system for their home business, or claiming their stamp-licking toddler as an employee.
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After two years of soaring stocks, what comes next?
Two years ago, as the stock market staggered toward bottom and the global financial system teetered on the brink, many investors sobbed that they would never again buy anything more adventurous than a GIC. These days, after watching world markets double from their 2009 lows, a lot of those same people are once again gobbling up stocks. Despite the Japanese earthquake, Middle East turmoil and monumental global imbalances, equity prices keep steaming ahead.
(more...)Why it’s time to save more, not less
As the season for RRSP contributions comes to an end Tuesday, Canadians appear to be cutting back on their saving, and even dipping into those savings, at what may be precisely the wrong time. At the same time as gasoline prices rise and commodity prices soar — suggesting higher food prices are coming in Canada — there’s concern over mounting evidence that Canadians are dipping into their piggy banks.
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