Contents contributed and discussions participated by Tom Drake - Personal Finance

Watch Out for Facebook IPO Scams - 0 views

canadianfinanceblog.com/tch-out-for-facebook-ipo-scams

Facebook IPO scams investing IPO

shared by Tom Drake on 01 May 12 - No Cached

Tom Drake on 01 May 12

With so much hype surrounding the Facebook IPO, a number of consumers are vulnerable to IPO scams to get in on the ground floor of the Facebook IPO.

<div class="cArrow"> </div><div class="cContentInner">With so much hype surrounding the Facebook IPO, a number of consumers are vulnerable to IPO scams to get in on the ground floor of the Facebook IPO.</div>

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Differences between pension splitting and CPP splitting - 0 views

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pension splitting CPP splitting pension CPP

shared by Tom Drake on 01 May 12 - No Cached

Tom Drake on 01 May 12

Many people confuse the rules of pension splitting and CPP splitting so I thought I would share the 4 key differences between the two.

<div class="cArrow"> </div><div class="cContentInner">Many people confuse the rules of pension splitting and CPP splitting so I thought I would share the 4 key differences between the two.</div>

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Higher Deductible + HSA = Manageable Health Care Costs - 0 views

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health care costs HSA higher deductible

shared by Tom Drake on 01 May 12 - No Cached

Tom Drake on 01 May 12

One way you can manage your health care costs is to combine a higher deductible on your health insurance plan with a Health Savings Account.

<div class="cArrow"> </div><div class="cContentInner">One way you can manage your health care costs is to combine a higher deductible on your health insurance plan with a Health Savings Account.</div>

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The Power of Less: Book Review - 0 views

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productivity life balance time management

shared by Tom Drake on 01 May 12 - No Cached

Tom Drake on 01 May 12

You can actually increase your productivity by concentrating on one thing at a time. That's the message of The Power of Less.

<div class="cArrow"> </div><div class="cContentInner">You can actually increase your productivity by concentrating on one thing at a time. That's the message of The Power of Less.</div>

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How to Legally Write-off Learning Disability Expenses as Business Expenses - 0 views

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tax deduction taxes learning disability

shared by Tom Drake on 30 Apr 12 - No Cached

Tom Drake on 30 Apr 12

A person who owns an incorporated business and has been diagnosed as having a learning disability can make business tax deductions for expenses that are related to the learning disability through utilizing the Health & Welfare Trust Solution.

<div class="cArrow"> </div><div class="cContentInner">A person who owns an incorporated business and has been diagnosed as having a learning disability can make business tax deductions for expenses that are related to the learning disability through utilizing the Health & Welfare Trust Solution.</div>

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Should You Sell Your House in This Market? - 0 views

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sell your house rent out your home

shared by Tom Drake on 30 Apr 12 - No Cached

Tom Drake on 30 Apr 12

Should you sell your house in this market? Maybe there is another way for families that are selling their homes at low values to capitalize on their investment. How about trying to rent out your home?

<div class="cArrow"> </div><div class="cContentInner">Should you sell your house in this market? Maybe there is another way for families that are selling their homes at low values to capitalize on their investment. How about trying to rent out your home?</div>

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Investing in Bonds - 0 views

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investing in bonds bond returns

shared by Tom Drake on 30 Apr 12 - No Cached

Tom Drake on 30 Apr 12

Given the state of market investing, bonds have become very popular. In fact, if you compare investing in markets to investing in bonds, you will see that a bond investor fared much better.

<div class="cArrow"> </div><div class="cContentInner">Given the state of market investing, bonds have become very popular. In fact, if you compare investing in markets to investing in bonds, you will see that a bond investor fared much better. </div>

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How to Get Your Canada Pension Plan (CPP) Early - 0 views

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CPP early Canada Pension Plan CPP pay

shared by Tom Drake on 28 Apr 12 - No Cached

Tom Drake on 28 Apr 12

To qualify to get your CPP early, you basically have to meet two key criteria. The first is you must be over the age of 60. The second is you must have made at least one valid contribution into Canada Pension Plan.

<div class="cArrow"> </div><div class="cContentInner">To qualify to get your CPP early, you basically have to meet two key criteria. The first is you must be over the age of 60. The second is you must have made at least one valid contribution into Canada Pension Plan.</div>

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Fun With Math: More Than Just the Rule of 72 - 0 views

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rule of 72 double your investment finance rules

shared by Tom Drake on 28 Apr 12 - No Cached

Tom Drake on 28 Apr 12

The rule of 72 is used as an estimate to determine how long an investment will take to double at any given interest rate.

<div class="cArrow"> </div><div class="cContentInner">The rule of 72 is used as an estimate to determine how long an investment will take to double at any given interest rate.</div>

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How much will the government pay you in retirement? - 0 views

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government retirement income CPP OAS

shared by Tom Drake on 28 Apr 12 - No Cached

Tom Drake on 28 Apr 12

While it would be nice to get the maximum from the government for retirement, not everyone does. So how much will the government pay you in retirement?

<div class="cArrow"> </div><div class="cContentInner">While it would be nice to get the maximum from the government for retirement, not everyone does. So how much will the government pay you in retirement?</div>

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See through Money in Canada - 0 views

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currency canada bills money counterfeit

shared by Tom Drake on 27 Apr 12 - No Cached

Tom Drake on 27 Apr 12

The latest Canadian money is made from polymers and partially transparent. Canada released $100 bills in late 2011, and has a plan to put bills of lower denominations in circulation through the end of 2013. The new bills are meant to be more secure -- not just look cool.

<div class="cArrow"> </div><div class="cContentInner">The latest Canadian money is made from polymers and partially transparent. Canada released $100 bills in late 2011, and has a plan to put bills of lower denominations in circulation through the end of 2013. The new bills are meant to be more secure -- not just look cool.</div>

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Three examples where pension splitting makes sense - 0 views

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pension splitting income splitting

shared by Tom Drake on 26 Apr 12 - No Cached

Tom Drake on 26 Apr 12

Sometimes rules can be confusing so I thought I would share a few examples of real life people who were able to take advantage of pension splitting.

<div class="cArrow"> </div><div class="cContentInner">Sometimes rules can be confusing so I thought I would share a few examples of real life people who were able to take advantage of pension splitting.</div>

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Cross Border Shopping Exemptions - 0 views

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cross border shopping exemption limits

shared by Tom Drake on 26 Apr 12 - No Cached

Tom Drake on 26 Apr 12

When cross border shopping, there are exemption limits to what you can purchase and bring back into Canada without paying duties and taxes at the border.

<div class="cArrow"> </div><div class="cContentInner">When cross border shopping, there are exemption limits to what you can purchase and bring back into Canada without paying duties and taxes at the border.</div>

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Should You Pay Off Your Mortgage Early? - 0 views

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pay off your mortgage mortgage payment

shared by Tom Drake on 26 Apr 12 - No Cached

Tom Drake on 26 Apr 12

Should you pay off your mortgage early? No need to make monthly a mortgage payment, but it might not be an efficient way to put your money to work for you.

<div class="cArrow"> </div><div class="cContentInner">Should you pay off your mortgage early? No need to make monthly a mortgage payment, but it might not be an efficient way to put your money to work for you.</div>

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The Benefits of Leveraging - 0 views

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benefits of leveraging leveraging

shared by Tom Drake on 26 Apr 12 - No Cached

Tom Drake on 26 Apr 12

The benefits of leveraging is that leveraging is the process of using borrowed money to make money. The risk comes into effect if you lose the money; you are losing money that you do not have.

<div class="cArrow"> </div><div class="cContentInner">The benefits of leveraging is that leveraging is the process of using borrowed money to make money. The risk comes into effect if you lose the money; you are losing money that you do not have.</div>

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Are You Planning for Your Retirement Lifestyle? - 0 views

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planning for retirement retirement lifestyle

shared by Tom Drake on 25 Apr 12 - No Cached

Tom Drake on 25 Apr 12

Determining how you want to live in retirement is important, since your retirement lifestyle preferences will impact how much money you need.

<div class="cArrow"> </div><div class="cContentInner">Determining how you want to live in retirement is important, since your retirement lifestyle preferences will impact how much money you need.</div>

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Understanding Pension Splitting Rules - 0 views

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pension splitting pension income taxes

shared by Tom Drake on 25 Apr 12 - No Cached

Tom Drake on 25 Apr 12

Pension splitting is a powerful tax strategy that allows Canadians to give up to 50% of their eligible pension income to their spouse for tax purposes.

<div class="cArrow"> </div><div class="cContentInner">Pension splitting is a powerful tax strategy that allows Canadians to give up to 50% of their eligible pension income to their spouse for tax purposes.</div>

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Having Money Doesn't Mean You Know Money Management - 0 views

stupidcents.com/mean-you-know-how-to-manage-it

money management budgeting spending

shared by Tom Drake on 24 Apr 12 - No Cached

Tom Drake on 24 Apr 12

Many think having more money means the rules of money management don't apply. Money management requires you to understand something could change and be prepared.

<div class="cArrow"> </div><div class="cContentInner">Many think having more money means the rules of money management don't apply. Money management requires you to understand something could change and be prepared.</div>

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Charitable Giving Using Life Insurance - 0 views

retirehappyblog.ca/le-giving-using-life-insurance

charitable giving life insurance

shared by Tom Drake on 24 Apr 12 - No Cached

Tom Drake on 24 Apr 12

When using life insurance for charitable giving, it is important to consider different strategies and the different tax benefits.

<div class="cArrow"> </div><div class="cContentInner">When using life insurance for charitable giving, it is important to consider different strategies and the different tax benefits.</div>

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What should you do with your tax refund? - 0 views

balancejunkie.com/...should-do-your-tax-refund

tax refund fiscally responsible taxes

shared by Tom Drake on 24 Apr 12 - No Cached

Tom Drake on 24 Apr 12

Every year, Canadians need to decided what yo do with their tax refund. Most spend it but this may be a good time to do something fiscally responsible.

<div class="cArrow"> </div><div class="cContentInner">Every year, Canadians need to decided what yo do with their tax refund. Most spend it but this may be a good time to do something fiscally responsible.</div>

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