1. With the prospect of an NDP wave sweeping the Dippers into second place, many are taking a closer look at their party platform. Larry MacDonald posted a summary of the NDP platform though to be honest, the actual platform is only a tad longer than the summary!
  2. One of the promises in the NDP document is a plan to double benefits from the Canada Pension Plan over time. Derek DeCloet wonders if it is such as good idea to have so much riding on a super-sized CPP.
  3. In its costing document, the NDP says it will partly fund its new spending through a “tax haven crackdown”. CBC’s Reality Check weighs in on how realistic this plan is.
  4. I’m a bit late in filing our taxes this year and it’s frustrating how complicated our taxes can be. Blessed by the Potato has some ideas for simplifying our tax system that doesn’t involve simply flattening it.
  5. Canadian Money Forum members discuss the implications of the NDP plan to cap interest rates charged by credit card companies.
  6. Michael James on Money put together a spreadsheet to figure out how much that cash-back mortgage is actually costing homeowners.
  7. Million Dollar Journey featured a guest post on types of stock chart patterns. Many investors are of the opinion that the entire field of technical analysis is hokum.
  8. The Blunt Bean Counter ran a guest post on the advantages of engaging a corporate executor and the circumstances where it makes sense to hire one.
  9. In a post for MoneyVille.ca, Mike Holman (aka the MoneySmarts guy) explains how to break a mortgage without paying steep penalties that could run into thousands of dollars.
  10. Is there any value to a degree received from an online “university” or “college”? Canadian Financial Stuff points us to a PBS Frontline program on the subject.
  11. Sustainable Personal Finance weighed in on where eco-minded couples can turn when shopping for wedding rings.

This article has 12 comments

  1. Thanks for the mention CC! To be fair, I have far fewer ideas for simplifying than I do excuses for why simplifying is harder than it sounds. 🙂

  2. Thanks for the mention! Have a great weekend.

  3. The thing that stood out for me from the NDP platform was hiring 200 new food inspectors, which the NDP estimates will cost $75 million/year. That works out to $375,000/head annually. It’s pretty rare for total employee compensation/support/infrastructure costs for new hires in the private sector to be higher than $200k/year (outside of some areas, like Ft. MacMurray), and the average is well less than that. It’s pretty depressing as an indication why our Federal government costs so much.

  4. Thanks for the mention. This surge by the NDP sure has been unprecedented and interesting.

  5. CC,thanks for the mention. I loved you taking on Garth Turner, never one of my go to guys for fianncial advice. I plan to read all the comments as I come up for air.

  6. I’ve noticed that Layton using respecting the time-honoured tradition in Quebec of saying one thing in English and another in French. This has always been the best way to maximize the number of votes. It works even though so much of the Quebec population is bilingual. Thanks for the mention.

  7. @Viscount: Who knows how reliable the NDP costing is? A lot of their numbers seem to be just made up. Example: Economists say their revenue estimates from an increase in corporate taxes from 16.5% to 19.5% is unrealistic because total revenues don’t scale nicely when you increase the rate. So, I’m not sure whether their numbers can really be trusted to be right.

    @Michael James: While the NDP’s economic policies are worrying, I feel they are playing with fire on national unity. For a federal party, it is stunning to hear them concede that they’ll be a-ok with a referendum result even if the sovereignists win by 50 plus 1. I think this is a very cavalier attitude to a serious matter even if it is simply an election promise when Mr. Layton previously had supported the Clarity Act, presumably because he wasn’t counting on too many Quebec votes then. I can see the appeal the NDP now has for many Quebecers — there is very little difference between them and the Bloc in their view. I don’t see why the rest of us should enthusiastically sign up for Mr. Layton’s platform on national unity.

  8. I dread the day the NDP rules Canada. I believe that responsible financial policies will make for a better economy which will help everyone. Just giving in to every single special interest group is kind of like buying your kids every single toy they want and losing your house because you have run out of money 🙂

  9. @CC: I agree with you. It’s hard to convey tone in a comment, but mine was written with disgust. I’m quite certain that regardless of what the federal government thinks of the issue, if there were 50% +1 yes votes in a past referendum, sovereigntists would have reacted as though they had won a complete victory. Any attempt to “undo” this reaction would have been riotous. This is why the issue must be clarified before any future referendum.

  10. Interesting notes from the NDP’s constitution:
    http://opinion.financialpost.com/2011/04/29/terence-corcoran-jack-layton%E2%80%99s-hidden-agenda/

    As for Quebec, 50%+1 would only lead to the partition of Quebec. Most of Quebec would remain in Canada.

  11. My thougts:
    The NDP is making so many election promises, but have been caught with no realistic plan on how to fund those promises. I wouldn’t take their word on anything.

    The Liberals seem to be on the right line of thinking, but they all seem to be doufus’s, with no clear leadership skills. Do we really want the mrunning the country?

    The Conservatives had tackled the economy correctly, in my opinion, but seem to be too dictatorial and a one-man govt, and not enough inclusivity, which is the core principle of our democracy.

    The Green party looks like a fringe party, with no plan/policies on anything other than environment.

    The Bloc…well, forget that.

    I for one, would like a change in govt, but doesn’t look like there is a clear great choice to look forward to.

    On the other hand, I do want to vote and make my voice heard. Alas..

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