One of the measures in Budget 2010 (Pages 356 to 358) will be of special interest to Ottawa-area residents who elected to defer taxes on stock options. Some taxpayers who took advantage of tax deferral on stock options experienced financial difficulties when the value of the stock they received when exercising stock options declined in [...]
Finance Minister Jim Flaherty tabled his fifth budget in Parliament today. There is plenty of print, broadcast and online coverage of the budget in the mainstream press, but if you are so inclined, you can read the entire 451-page document here. If you are only interested in the bits that directly affect your pocketbook, feel [...]
Unless the Government decides to spring a big surprise, the 2010 Federal Budget promises to be a big yawn. Here’s what we can expect in Budget 2010:
The Government says that there won’t be any tax cuts (no surprise there, considering that the deficit will run at $56 Billion this year) or any tax increases in [...]
Warren Buffett’s annual Letter to Shareholders is always worth reading even if you are not a shareholder in Berkshire Hathaway (BRK.A, BRK.B). The letters provide valuable insight into the major industries that BRK is operating in — insurance, regulated utilities, retail and services — all delivered in Mr. Buffett’s trademark folksy and witty language. Also [...]
Since my previous update the returns of the Sleepy Mini Portfolio has been, well, sleepy. The portfolio has more or less stayed at the steady level for the past three months and shows a modest 1.9% gain over book value since inception. Here’s how the portfolio components were valued as of February 28, 2010:
TDB909 – [...]
Today is the deadline for RRSP contributions for the 2009 tax year. If you haven’t done so already, you have until 11:59 PM tonight to make a contribution. If you don’t have a plan already, your best bet might be to park the contribution temporarily in cash until you have a plan in place.
Like most [...]
Many investors are worried that the massive economic stimulus provided by the Chinese Government in the wake of the financial crisis is inflating a massive credit bubble.
Dan Richards reported on new research that has some good news for truly active mutual fund managers.
Million Dollar Journey is giving away five copies of QuickTax Platinum.
Michael James drew [...]
UFile.ca, a web-based tax software, is offering several free ways for Canadians to prepare their 2009 taxes:
Free File Friday for Seniors: On February 26, 2010, tax payers 60 years or over can open a tax file and file their taxes at a later date for free. Check this web page for more details.
Students, regardless of [...]
Recently, Tim Hortons (TSX: THI) announced that it is offering shareholders a Dividend Reinvestment and Optional Cash Purchase Plan (I found this out through the Canadian DRIP Primer). In the press release accompanying the announcement, Tim Hortons said that the Plan allows shareholders to purchase shares in “an economical and convenient way”. The Tim Hortons [...]
In the comments section of yesterday’s post, Returns Reaper reminded other readers that Ontario residents have an additional reason to make a RRSP contribution this year. Ontario residents may be able to reduce their net income below the threshold for receiving the Ontario Sales Tax Transition Benefit by making a RRSP contribution. Also, recall that [...]
