Preparing to File Your Taxes in Canada


It's tax time! Hopefully, you're getting ready to file your taxes, awaiting your tax package from the Canadian Revenue Agency and organizing your supporting documentation. You should receive your tax package, based on the province or territory in which you resided on December 31, sometime in January. Each CRA tax package should contain the following: Your tax return form Your federal tax worksheet The forms for any schedules you require Provincial or territory tax worksheet Information guide If you don't have a tax package by the end of January, or if you have the wrong one (the CRA will usually…

Online Textbook Rental – eCampus.com


I can't believe how expensive textbooks are.  American's don't realize that Canadians, on average, pay 20-30% more for everything, including textbooks, than they do.  This is a primary driver behind our desire to participate in cross border shopping. As a result, that $150 dollar book ends up costing around $200 north of the border!  Outrageous. Back when I was in school in the mid/late 90s, I was spending $700 per year for textbooks - about $350 per semester.  That was for 5 courses, so about $70 per semester textbook and upward of $150 for a full year text book.  Since I…

Determining the Proper Stop Loss


Some traders trade without a stop loss, some investors invest without a stop loss. A stop loss offers extra protection against loss, but some people just like to live life on the edge. However, using a protective stop can help you safeguard your portfolio against unnecessary loss. Are you familiar with the use of protective order types? What is a Stop Loss? A stop loss is an order type. A buy or a sell are also order types. When you first place your stock order, you have a few options. You can choose to place a market order which is…

The Real Reason Nobody Is Buying Electric Cars


[caption id="flickrImage_1" align="alignright" width="238" caption="2012 Chevrolet Volt © by Stradablog"] [/caption] As an investor in General Motors in the middle part of the last decade, I watched in anticipation as the company announced plans to come out with an all electric car. Hippies everywhere rejoiced, anxious to drive a car that would minimize their footprint on the environment. They probably celebrated by eating some granola and wearing something made of hemp. Oh, and don't worry about my General Motors investment. I sold well before they went bankrupt, making a nice profit. Anyway, as they went through and ultimately reemerged from bankruptcy protection,…

Beating Irrational Financial Behaviour


[caption id="flickrImage_2" align="alignright" width="173" caption="Stress © by Dave-F"][/caption] Have you ever made a purchase that you regretted when you made your way home after shopping? Maybe you have made some changes in your investment portfolio based on a feeling or because you felt walking away with something was better than nothing. Irrationality follows us around where ever we go. For this post we will try to tackle the financial part of this cognitive process. To beat it we need to understand it a little better first. Before even understanding irrationality we have to make one thing clear. Money isn't intrinsically…

How to Spot a Work from Home Scam


  [caption id="flickrImage_1" align="alignright" width="240" caption="SCAM modified threads © by acidpix"][/caption] Technology provides us with a number of great opportunities. In fact, you can even have a successful career from the comfort of your home. I work from home, growing my business and earning a living for my family. It's been a good gig for me, but it hasn't always been easy. Indeed, in the beginning, as I looked for clients on job boards, I constantly saw ads proclaiming "work from home" and "earn money online." While there are plenty of legitimate ways for you to work from home and…