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 […]

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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 […]

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A white do with a black nose with his ears perked up as if listening. The title reads, "Who do you listen to for financial advice?"

Who do you listen to?

After last week’s post about being careful who you get financial advice from, here are four things to look for when deciding who to get financial advice from: 1.      Competence and Professionalism. The quickest and easiest way to identify their competence and professionalism is their industry designations. This tells you if they have taken the time and spent […]

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A hand holding a pen has written, "Deal or No Deal,."

Would you take this deal?

Here is the scenario. Imagine if you were purchasing a house and you were offered the following mortgage: You have to pay the principal back, but you aren’t told what the interest rate is going to be, and you have to pay the big lump sum of accrued interest all in one shot after 30 […]

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There are many pieces to your money puzzle. An Un-taxable Wealth System should be one.

The Un-taxable Wealth System

Have you noticed all the headlines recently about taxes going up? Property taxes going up between 3-8% depending on where you live. On April 1st the carbon tax is increasing, making gasoline and home heating more expensive. The alcohol tax is going up, and there is a new tax on luxury cars and boats. In […]

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Don’t Believe Everything You Read On No-Commission Investment Trading

Don’t Believe Everything You Read On No-Commission Investment Trading

When is it best NOT to believe what you read about No-Commission Investment Trading? When it sounds too good to be true. In the Press There has been a lot of press recently about  “Robinhood”, “Wealthsimple” and other no-commission trading platforms. Robinhood’s marketing message revolves around the lack of fees charged to buy and sell stocks […]

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