RRSP season is here, but there really doesn’t seem to be the hype of previous years. There seems to be an under-current about how the RRSP isn’t all that it is cracked up to be? I don’t understand this, yes it is a before tax savings plan, but it is a savings plan. The TFSA and RRSP both have a place in your savings plans, but remember that paying off debt is more important.
Lent began on Wednesday, a new season to try to make some positive changes in your life. You don’t need to be religious or Christian to use this as a time for positive change, just decide to change.
Happy Year of the Dog , it is Chinese New Year today and it is the year of the Dog (specifically the year of the Earth Dog). Might be an omen for investing, as the market has been a bit of a bad dog so far this year. One Astrology site gives very good financial advice for the year of the Dog:
Financially take more precautions with your security and don’t overspend. Get a budget going so you can track where your money goes.
So you can’t argue with that, it’s science!
Tax season is on the go as well folks, in fact TurboTax announced they are certified by the CRA so you can use their application to submit your taxes on-line. Yes, some folks submit early, and get their money back, a better idea than procrastinating and not getting your return in on time.
My Recent Writings
Index Investing Downsides came out of an article I read using the Ottawa Public Library’s free app RBDigital (very useful and free magazines). The article kind of sat on both sides of the argument, but I am really not sold on the value espoused by active management funds and active trading. Yes, when the market tanks, the Index tanks, but do actively managed funds really save you?
Micro Blogging on Finance
Does your child have autism? Are you ready to apply for the Disability Tax Credit? T2201 guide version 4 is now released and a must read, especially for first time filers. https://t.co/X8I6XhCRYo pic.twitter.com/tBIzp5PkdX
— Milburn Drysdale (@AutismFundingBC) February 11, 2018