How to be Untaxable

In Ontario, the top marginal tax rate is 53.53%. Tax rates can’t go up any higher, can they?? Although 53.53% seems like a lot, historically it is quite low. Can you believe that between 1936 and 1980, the top tax rate exceeded 70%, maxing out at 92-94% in the 1940’s and 1950’s? Considering that both […]

Read More… from How to be Untaxable

A cartoon picture of the Toronto shoreline, all in reds. There are also several red fireworks in the skyline. The title reads, "Life Insurance is Older than Canada!"

Life Insurance as a Savings Vehicle?

Continuing on with our discussion about insurance, let’s go back and look at a little history. In Canada, life insurance predates Canada becoming a country. The first life insurance policy was issued in 1847! In addition to the death benefit, the policies were also considered safe savings vehicles. In the roaring twenties and the depression […]

Read More… from Life Insurance as a Savings Vehicle?

A skyward view of skyscrapers with the title, "What's happening with our Canadian banks?"

This has not been a good week for the reputation of our big banks in Canada! On Monday the Globe and Mail published an article entitled “Persuasive sales culture at Canadian banks designed to push customers into high-fee products.” It was a very damning look at how front-line employees are compensated and what they do […]

Read More… from

A bag of money, a car and a home all sat atop a balance scale, with the title, "Who decides what you owe?"

Who decides what you owe?

The last couple of weeks I have been speaking about controlling your money. From using cash for day-to-day expenses, to avoiding digital currencies. Many Canadians don’t realize that they can take control of their borrowing as well. For example, when it comes to most people’s largest borrowing, our mortgage, we defer all the decisions to […]

Read More… from Who decides what you owe?