Archive For The “Be Smart” Category

<p>What it means if you have Not started saving by 30 </p>

What it means if you have Not started saving by 30

Let’s get right to the point — it means nothing if somebody has attained age 30 and not started to save money for the future. A U.S. personal finance expert recently when she suggested that individuals should plan to have their yearly salary saved by the time they are 30, three times their wages at…

<p>Ontario Provides tuition refund to students as Faculty strike ends </p>

Ontario Provides tuition refund to students as Faculty strike ends

Half a million Ontario school students have the choice of walking away from a now-condensed fall semester with a full tuition refund in the wake of a five-week-long school strike. Students will have two weeks in the resumption of classes on Tuesday to determine whether they need to continue with the session, Advanced Education Minister…

How a young miner living in a small town spends his $92,000 salary

How a young miner living in a small town spends his $92,000 salary

Name: Patrick AdamsAge: 29Annual income: $92,000Savings: $16,000 in TFSA, $29,000 in RRSPDebt: $180,000 mortgage; $220,000 second mortgageWhat he does: MinerWhere he lives: King Kirkland, Ont. Top financial concern: “I am well aware that the pension from the government will not be enough. [My goal] is to retire nicely and comfortably.”  In Kirkland Lake, Ont., Patrick…

<p>How to organize your Refrigerator so you don’t waste food (and money) </p>

How to organize your Refrigerator so you don’t waste food (and money)

Among those personal-finance complaints I have heard most frequently in the last few years is the increasing price of markets. You would think that high food costs would make people shop more closely, but that might not be true. By , 47 percent of wasted food in Canada has been happening in the home. Wasted…

<p>PayPal ordered to provide CRA with information about Company accounts </p>

PayPal ordered to provide CRA with information about Company accounts

PayPal has been arranged to offer the Canada Revenue Agency with information regarding its business account holders, as taxation officers search for companies that don’t report all their income. The business says a Federal Court order requires it to provide information regarding business accounts that received or received a payment between Jan. 1, 2014, and…

<p>Why your Mind is telling you to buy things you Can Not afford </p>

Why your Mind is telling you to buy things you Can Not afford

My latest column on how low interest rates helped feed this nation’s household generated a response from a reader that I’d love to share. James Callon, after a national Superintendent of Bankruptcy, considers high debt levels are also linked to increasingly complex marketing by companies selling goods. “Consumers are suffocated by the inundation of enormous…

Is it possible to invest in a manner that aligns with my values?

Is it possible to invest in a manner that aligns with my values?

Query from Julien through our : How do I align my investments with my values? ***************** Ben Felix provides one-on-one financial advice sessions about investing, insurance, financial planning, and anything else personal finance related. Benjamin Felix is an associate portfolio manager with in Ottawa. Response: Among the most direct ways that investors can align their…

Are these soon-to-be retirees prepared to set sail?

Are these soon-to-be retirees prepared to set sail?

Cruising into retirement, Steve and Donna intend to work part-time for the following 3 decades then hang their hats up permanently. He is 65, she’s 62. They have two grown sons, ages 26 and 28, a home in Alberta, some savings and no debt. Along with part-time earnings, Steve is amassing a work pension, while…

<p>I Am 34 and I have a serious Problem — I Am an impulsive shopper </p>

I Am 34 and I have a serious Problem — I Am an impulsive shopper

A gutsy reader of the newsletter seeks help for a problem with impulsive shopping. “I managed to dig myself out of this deep rut of owing over $10,000 at one stage,” she writes. “I’ve since then brushed up on my financial habits, but still suffer horribly from spontaneous buying.” Her question: How do I reframe…

Loblaw to merge Shoppers Optimum and PC Plus loyalty programs

Loblaw to merge Shoppers Optimum and PC Plus loyalty programs

Clients at Shoppers Drug Mart or some of Loblaw Companies Ltd.’s grocery stores will soon use a new, unified loyalty program that replaces Optimum and PC Plus points. Loblaw will unite the two programs starting Feb. 1, 2018 under the name PC Optimum — a long-anticipated move that comes more than three years following the…

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