In most places in Canada this is a long weekend ahead (except in Quebec), but in Ontario, we are so lazy we don’t really even have a name for it. Here in Ottawa it is Colonel By day, near Toronto it is Simcoe Days, elsewhere, who knows? I do appreciate the fact that the Ontario government is busy trying to Tax Taxes, or make large payouts for programs that never happened (i.e. the Ontario Pension Plan), but could we not just name this silly thing and be done with it?
The on-going reality show (masquerading as an election) down south, does seem to be helping Canadian tourism, as with all sides claiming if the opposing side wins, folks will be moving north (and the Brexit crowd too), we might have to put in a few new cities? Immigration is what made Canada great (being the son of immigrants), so all are welcome, just remember to wipe your feet before entering, and be polite to your hosts.
Remember the “Free Windows 10 upgrade” is now at an end for folks. Funny my Mac comes with a free OS, that seems to load from anywhere, but that is me just being a “Neo Zoom Dweebie” isn’t it? Do your upgrade or be forced to fork out some money.
Did you realize that Canadian Financial Bloggers actually meet every year? I’ll be there too.
Speaking of smelly things, evidently A Corpse Flower Has Started to Bloom After a 10 Year Wait at the New York Botanical Garden, why would you want to go there?
My Writings for Week Ending July 30th
I posted two things this week, the first one, a commentary on the data from Stats Canada, Zap! Electricity Prices Pushes Inflation in June, and the price of electricity in Ontario is beyond ridiculous. I grew up in Quebec, and for all the commentaries you wish to make about La Belle Province, they got the electricity thing right (on the backs of 1st Nations and Newfoundland, admittedly).
For those of us with kids that are in Post-secondary programs, about now is when we get the Tuition Bill for the fall, and I had a look at one from Queen’s and was floored by the additional fees, so, naturally, I had to write about it in, The Business of University Fees. I should start my own University bet I could make some money (yes that was a Trump jab).
A Money Thought
Some Huge Financial Stories
While Mark from the Blunt Bean Counter might be on vacation, he still is putting out some excellent pieces (OK, republishing some excellent pieces) and this week he added, How Much Money do I Need to Retire? Heck if I Know or Anyone Else Does! – Part 6. The answer is? That would be telling. If you are investing for your retirement (which you should) maybe you are looking at a Dividend Investing scheme, and Frugal Trader wants to help you with Dividend Kings List – Companies with Annual Dividend Increases for Over 50 Years!. Staying with the retirement theme Marie from Boomer and Echo brings us Creating Retirement Income: A Fixed Payment Strategy, different strategies can be interesting to read about.
I contacted the government about the new Canada Child Credit, and got confirmation that the Child Disability Credit is included in the new credit, and if you want more details about this, read Mark from My Own Advisor’s piece Canada Child Benefit (CCB) 101. Barry from Money We Have wants to help as well with Get More out of the Canada Child Benefit, giving you ideas with what to do with this new benefit.
Real Estate seems to be a major driving force to our economy, and now governments seem to be creating xenophobic laws, and Blessed by the Potato comments on one of these new laws, The BC GVA Tax . The idea of taxing foreign investors more worries me, but we shall see whether it does slow down the white hot Vancouver real-estate market.
Michael James stirs the financial pot (speaking of investing) with Aren’t the Banks the Investing Experts? The answer is, they give good financial advice for someone (but not necessarily for you).
And Now, Sam the Eagle
One last stern look from Sam about the US Election (or meetings at 5:00 PM (Or Mutual Fund MERs))
A photo posted by The Muppets (@themuppets) on
2016 Random Thoughts
- January 7th, Market Meltdown, TFSA, WildCard Weekend and #MoneyStories
- January 14th, Cheap Oil, Cheap Dollar, Dead Folk, and #MoneyStories
- January 21st, Loose Money, High Household Debt, Weak Loons and #MoneyStories
- January 29th, Doomsday Clocks, Rogue RRSP Receipts, Cash Crops and #MoneyStories
- February 4th Bouncing Loonies, RRSP Season, Superb Owls and #MoneyStories
- February 12th Lent is Here, Bricked iPhones, Love Day and #MoneyStories
- February 19th Digging Out, Ransomware, RRSP Time and #MoneyStories
- February 26th RRSP Time and #MoneyStories
- March 4th Welcome Americans and #MoneyStories
- March 11th Bank Rate Stays Put, Spring Forward and #MoneyStories
- March 18th Financial March Madness, Budgets and #MoneyStories
- March 25th, Easter is Here and some #MoneyStories
- April 1, Money Fools, Ronnie, and #MoneyStories
- April 8, Tax Time, Spring Delayed, Panama Papers and #MoneyStories
- April 15,Loose Money, Free Stuff, Hockey and #MoneyStories
- April 22,Disabilities, Tax Time, The Queen and #MoneyStories
- April 29,Pitter Patter Tax Time, RESPs are For Rich Folk and #MoneyStories
- May 6, Fort Mac, Mothers and #MoneyTalk
- May 13, Panama Papers, Google & PayDay Loans, Full Moons and #MoneyTalk
- May 20, Victoria Day, The People’s Elbow, Haircuts and #MoneyTalk
- May 27, Loose Money and #MoneyTalk
- June 3, CRA Itunes Pmts, RESP Scams and #MoneyTalk
- June 10, Portal to Hell Opens in Ottawa, BoC FSR and #MoneyTalk
- June 17, Fathers Day, Trump Housing Bubble, and #MoneyTalk
- June 24, Brexit, Fete National, Enhanced CPP and #MoneyTalk
- July 1, Happy Canada Day and Best Mid-Year Financial Stories
- July 8, Brexit Market Mayhem, Millenial Bashing and #MoneyTalk
- July 15,Brexit Hurts, Loose Money, Postal Strikes, Recounts and #Moneytalks
- July 22,More Pensions, New CTC, and #MoneyTalk
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