As Canadians, one of the things that we are all too familiar with is paying taxes. I always had a sense that we were heavily taxed, but never knew by exactly how much until I read a report by the Fraser Institute yesterday. June 9th marked Tax Freedom Day. According to the … [Read more...] about Happy Tax Freedom Day!
One of the difficulties that Canadian investors face when trying to build a diversified investment portfolio is that the Canadian stock market is dominated by financial, energy and resource stocks. This makes diversification across sectors extremely difficult. Most investors get … [Read more...] about Investment in KP Tissue (KPT.TO)
Here is my May 2014 dividend income. May has been an excellent month and we are well on our way toward meeting our annual goals of increasing our net worth to $700,000, being mortgage-free in early 2015 and hitting the $2500 in dividends mark. I managed to earn some … [Read more...] about May 2014 Dividend Income / Monthly Highlights
Here is my June 2014 net worth update. I like to track my family’s progress through monthly net worth updates. To calculate our net worth, I add up all of our household assets and subtract any outstanding liabilities (ie. debt owing). The result is simply a snapshot of what my … [Read more...] about June 2014 Net Worth Update: $621,018.23 (+1.48%)
Canadians quit being so boring with the Tax Free Savings Account (TFSA)! A few weeks back, I read somewhere that half of eligible Canadians haven’t bothered to open a tax-free savings account (TFSA) and of those who have, 75% of their money is parked in a savings account earning … [Read more...] about The Tax Free Savings Account (TFSA): More Than Just Another Boring Old Savings Account!