Canadian Capitalist

A Canadian Personal Finance Weblog

Entries from February 2007

RRSP Tip # 2: Park your Contribution

February 14th, 2007 · 3 Comments

Let’s say that you have decided that making a RRSP contribution makes sense for you. You are ready to contribute but you are not sure how you should invest your money. What do you do? It is very important that you don’t buy some mutual fund just because you want to beat the deadline.
It is [...]

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Tags: RRSP

Reader Question: Free Trades for Switching?

February 12th, 2007 · 4 Comments

Reader Bob has the following question that you may be able to help with:
Are you aware of any deals [with online discount brokerages] that give 5 or 6 free trades to switch to their online/self-serve brokerage account?
It is very tempting to sign up with a broker that offers a great initial deal but it is [...]

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Tags: Mailbag

Guest Post: Retired at 34 - Almost Three Years Ago…

February 11th, 2007 · 69 Comments

[I've never featured a guest on this blog before, so as an experiment, I asked (okay, pestered) Derek Foster, author of Stop Working: Here's How You Can! to contribute a post. Derek hopes that his post might spark some discussion.]
In 2004, at the age of 34, I retired. I then wrote and self-published STOP [...]

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Tags: Guest Articles

This and That

February 8th, 2007 · 6 Comments

The Toronto Star’s Ellen Roseman has some tips for finding a good financial adviser.
In the spirit of the RRSP season, here is a list of myths you should be aware of, courtesy of The Globe and Mail.
Rob Carrick of The Globe and Mail evaluates the performance of six investment newsletters. I do have a quibble [...]

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Tags: Miscellaneous

Comments on RRSP Tip # 1

February 8th, 2007 · 17 Comments

Rob Smith, author of Dollars From Change and Dave at Investing Intelligently had a couple of comments on yesterday’s post that you should consider when deciding if a RRSP contribution is right for you:

Rob pointed out that RRSPs are important because you are “maximizing the tax rate of deductible contributions and minimizing the tax rate [...]

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Tags: RRSP

RRSP Tip # 1: Should you Contribute?

February 7th, 2007 · 19 Comments

As the deadline for contributions to your RRSP approaches (March 1, 2007 is the deadline for 2006 contributions), you are going to be bombarded with full-page newspaper ads, commercials in television and radio and even phone calls at home (I’ve received three calls already). Instead of being hustled into doing something, take a deep breath [...]

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Tags: RRSP

Interview with Margot Bai - Part II

February 6th, 2007 · 96 Comments

Here is the second part of my interview with Margot Bai, author of Spend Smarter, Save Bigger. If you haven’t read it already, the first part is available here and don’t forget to enter in the book giveaway (details at the end of this post).
Your book is packed with excellent advice on saving money. If [...]

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Tags: Miscellaneous

Interview with Margot Bai - Part I

February 5th, 2007 · 10 Comments

I recently read a new book called Spend Smarter, Save Bigger (reviewed here) and asked the author if she could do a short interview. She kindly agreed and since the interview is a bit too long, I’ll break it down into two parts. The second part of the interview will be posted tomorrow along with [...]

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Tags: Miscellaneous

This and That

February 2nd, 2007 · 14 Comments

The financial services industry has a vested interest in telling us to save more. Now, some economists are telling Americans that they may be saving too much.
Rob Carrick, writing in The Globe and Mail, offers this advice for 25-year olds: live it up! RRSPs can wait!
If you are an investor in Loblaws (TSX: L), you [...]

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Tags: Miscellaneous

The Income Trust Circus

February 1st, 2007 · 13 Comments

The income trust tax levy has now become a political and media circus. First, the Canadian Association of Income Trust Investors took out full-page ads in newspapers ridiculing claims by the government that trusts cause tax leakage. Meanwhile, maverick MP Garth Turner held a news conference on Parliament Hill complete with disgruntled investors and a [...]

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Tags: Canadian Interest