Since the RRSP season is about to hit the home stretch, this week’s video is topical. In it, kids talk about what retirement means to them.

In the news this week

The stock markets hit some significant milestones this week. The S&P 500 has doubled from the market low of March 2009 (not counting dividends). The TSX crossed the 14,000 mark. What does this mean for investors? Other than the fact that stock portfolios are looking much healthier, not much. Just over two years ago, the pundits getting the most air time were those making dire forecasts (here’s one example). Investors who listened to these gurus and hid under their beds missed out on one of the most spectacular rallies. While it’s not clear (to me at least) that market sentiment has completely swung the other way now, it may be time to take a look at your current asset allocation. If your stock allocation is significantly more than target, you may want to sell some stocks and buy the asset classes that are below target.

Link round up will return next week.

UFile Giveaway

Thanks to everyone who entered in last week’s TurboTax Giveaway. The winners picked by a random number generator were Dean and James (comment # 2).

This week, thanks to UFile, I’m giving away 10 vouchers for filing your family’s taxes online at (each voucher is valued at $24.95) to readers picked at random from among those add their comments to this post. Entering your name in the giveaway is, as always, super simple. Just leave a comment in this post (please do not send an entry via email) and donโ€™t forget to include your email address. If you are reading this through your favourite RSS Reader or via e-mail, you have to click on the headline, get through to the website and scroll to the bottom of the page and type in your comment. Some quick rules: (1) Deadline for entries is 8 p.m. EST on Tuesday, February 22, 2011. (2) One entry per person please. (3) Canadian residents only. (4) I treat your privacy very seriously. Your email will be used for the sole purpose of contacting you if you happen to win. (5) Iโ€™ll pick one entry at random and announce the winner after the deadline. Thanks for entering and good luck!

This article has 106 comments

  1. Silver hitted a new record today.

  2. Count us in for this contest! Love your site, and you know it ๐Ÿ™‚ You are in our weekend reading (again) this week!

  3. Thanks for hosting this giveaway. I`d love to win a UFile voucher. I`ve been doing my taxes by hand since forever!

  4. Long time reader of your blog and a Ufile user. Count me in for the contest!

  5. I use Ufile every year ๐Ÿ™‚

  6. It must be that time of year again. Enjoy the website.

  7. I never used Ufile before. It will be a good chance to try it.

  8. Count me in. It’s taxes time.

  9. I enjoy reading your blog – hopefully I’ll win something as well.

  10. Id love to try out ufile for this year’s taxes.

  11. I love Ufile for my taxers. I hope to win a copy. PS Keep up the good work on your blog CC

  12. Until now I was using TurboTax. I would like to try out the UFile. Please count me in.

  13. Please include me.

  14. It is always a pleasure to ready your daily posts. Thanks

  15. Love your blog! Please include me in the contest. ๐Ÿ™‚

  16. Keep up the excellent blogging.

  17. Never used UFile before… It would be fun to try it out.

  18. Count me in, please. ๐Ÿ™‚

  19. Count me in. Like reading your articles.

  20. everyone is giving away free tax software. must be that time of year again

  21. Please enter me to win. Thanks for all the info!

  22. Looking forward to trying a new tax program this year.

  23. Couldn’t be worse than doing the taxes myself! Thanks,

  24. Sweeeeet! I hate doing the paper filings.

  25. I wanna retire so that I can work as a hotel manager, something I really want to do.

  26. Love the site, love the contest!

  27. I love UFile! Thanks for doing this!

  28. Count me in for the contest.

    As to RRSP season, I did a Norbert a few weeks ago to get some USD to buy some American ETFs, but I’m not real interested in investing at a market peak, where we seem to be at…. I always try to buy after at least a modest downturn (like Jan. 28th or so).

    As always, great blog !

  29. Thanks for the opportunity to win this ๐Ÿ™‚

  30. UFile is fabulous! I’ve been doing my taxes with it for a few years now—I’m asking Karma to please let me win : )

  31. Great site. I’ve used Ufile for my taxes for the past several years… really love it (and hope to win a voucher!).

  32. I was planning to switch to Ufile from Turbotax this year anyway! Thanks for the contest!

  33. w00t! UFile is awesome!

  34. Ufile is great! Thanks!

  35. Love Ufile.

  36. Long time subscriber of this great blog and long time user of UFile. Thanks for hosting this giveaway!

  37. Thanks, I UFile every year and this would be a nice surprise.

    Thank you!

  38. Love your blog CC! And I agree totally with your advice about it being time for a rebalance. I just completed that last week. Sold off some of my equity index fund and bought into my fixed income ETF to rebalance my asset allocations. I only do this when they get 20% out of whack from my original asset allocations, which in this case has taken a full year. I love UFile, by the way, and would be very grateful to receive one of your voucher give aways.

  39. outstanding blog! follow it always

    try my luck…

  40. Pl. count me in! Free Ufile is great!

  41. I use UFile as well.

  42. Started using ufile a few years ago when I received a free copy. Would love to get another free copy.

  43. Thanks for the contest!

  44. I like being chosen randomly, and I’ve used U-file for several years, so this would be handy. Thanks.

  45. Count me in as well – thanks

  46. My life couldn’t be easier without UFile!

  47. Ufile is lovely.

  48. Count me in for your ufile contest.

  49. So i missed out on TurboTax, but please one more chance for Ufile ๐Ÿ™‚

  50. Fernando Margueirat

    Please count me in for the draw.

  51. I used UFile last year (desktop version), would not mind filing for my family with a free online version this year :-).

  52. Count me in!

  53. Yes please!

  54. Sign me up!

  55. Wonderful! I haven’t tried Ufile, and would be happy to. Cheers,

  56. sign me up!

  57. Love to try out UFile!

  58. I’m a pencil and paper guy, so this would be a step forward.

  59. Great blog – would be happy to try out UFile. Thanks!

  60. I always enjoy your blog. I’m also a big fan of uFile!

  61. Great giveaway! Please enter me in the draw.

  62. Thanks for educating me about finances CC. I would also like to move from pencil to computer.

  63. Count me in for this contest & thanks for keeping the info. coming!

  64. A uFile voucher would be great..

  65. Oh boy, better doing taxes online I have always said

  66. No round-up? Well there’s a giveway so it’s all good ๐Ÿ˜‰

  67. I love ufile!! Been using it for years! Count me in!

  68. I’ve been using Ufile for a few years now and it would be even better if it were free!

  69. Love Ufile and will be using it for taxes this year whether I win or not! Nice little retirement video too.

  70. It’s always a good strategy to re-balance and nothing wrong in taking some profits. I started filing electronically only last year and used U File on a recommedation from a friend.

  71. I already buy Ufile … I wonder if I can get a refund instead of a voucher …

  72. I’ve used U file too and to get it free would be wonderful.

  73. We use this software and it’s great, especially with a free voucher!

  74. U File is great.

  75. I filed electronically with ufile for the first time last year – and it was a breeze =)…

  76. Great site. Just found it this morning. Fabulous offer. Please include me in the draw for UFile.

  77. Studio tax is king, but hell, a free ufile is always good.

  78. I have been using UFile for several years. I love it. Thanks for the contest.

  79. I’d like to try UFile

  80. Used UFile for several years. Using it free would be even better.

  81. Love Ufile! Keep up the good work with your blog.

  82. Would love to try UFile. Could me in.

  83. No whammies – and stop! – did I win?

  84. I started using UFile last year! It’s awesome!

  85. Great blog – been subscribing for a long time. I’d love to win that Ufile Family voucher – count me in.

  86. Thanks for the contest!

  87. Thanks for the contest. I’ve been using UFile for several years and only once did CRA have a problem with its recommendations.

  88. Brand new to this blog. Hope it lives up to the recommendation!

  89. I’m crossing my fingers to win a copy of Ufile. Thanks for hosting a great blog!

  90. UFILE is great! I’ve been using them for a few years now, and found it very easy to do my taxes online. I also like that they carry over all of the information (such as capital gains) from previous years.

  91. Taxes are great!

  92. I use UFile every year. MoneySense is my magazine of choice!

  93. I’ll give it a whirl

  94. haven’t used a tax filing program before, but interested in trying.

  95. A free Ufile would be great!

  96. Count me in.

  97. The giveaway is now closed. Thanks to everyone who entered. I’ll pick the winners and contact them through e-mail shortly.

  98. I missed this giveaway by a couple of days, I better do my homework earlier methinks.

  99. Thanks to everyone who entered. The winners are SustainablePF, Andrea, Sean @ SmallPayroll, Brock, lister, Dylan, Fernando, Ellie, Kevin and Dutchie. The winners were picked with the random number generator at

  100. Pingback: Japan Earthquake: What to do now? | Canadian Capitalist

  101. Count me in too. Itโ€™s taxes time.