Thanks Stompin Tom, Loose Money Continues, Tax Time, Pope Picking and Friday #Shoutouts

in Best of, Random Thoughts

Stompin’ Tom Connors a true Canadian treasure has left us, and I for one am sad to hear it. Tom’s music resonated with me, even though at times I get sick of hearing “The Hockey Song”, but then again, who can get tired of  “A Sudbury Saturday Night”? Hopefully he’s got a maple kicker for his stompin’ wherever he has gone:

Well the girls are out to bingo And the boys are gettin stinko
We think no more of Inco on a Sudbury Saturday Night

They just don’t write them like that any more.

On Wednesday the Bank of Canada announced that it is going to keep their overnight rate the same, and doesn’t foresee any big increases any time soon. To quote the report directly:

Total CPI inflation has been somewhat more subdued than projected in the January MPR as a result of weaker core inflation and lower mortgage interest costs, which were only partially offset by higher gasoline prices. Low core inflation reflects muted price pressures across a wide range of goods and services, consistent with material excess capacity in the economy. Core and total CPI inflation are expected to remain low in the near term before rising gradually to reach 2 per cent over the projection horizon as the economy returns to full capacity and inflation expectations remain well-anchored.

Cry Havoc and let loose the legions of debtors! — (not from the BoC)

It’s tax time again too, are you collecting all of your receipts, or have you already submitted your taxes for 2012? Good for you if you have, I am still in the hunter gatherer phase where I attempt to collect all of the important receipts that I need. It’s good to review your return from last year to remember all of your deductions, and maybe make a check list?

Pope picking time comes to Vatican City again, with lots of Black and White smoke, Cardinals and news services attempting to make this long arduous process seem, hip, exciting and dramatic. While it is intriguing at times to see who is picked, it really is mostly a dull thing (much like watching a Canadian political convention (without the funny hats (well maybe a few funny hats)).

My Weekly Recap

My snow blower is back working, which of course means Ottawa may not get any more snow until next winter:

My Writings for Week Ending March 8th
Remember Clocks go Ahead This Weekend!

CPP Splitting A Different Process

I did actually learn something on my “so you think you can retire” course

Taxes: When Should They Start?

When do you  do your kids first income tax return? Sooner than you might think

All Time High, Time to Buy?

With the Dow Jones at an all time high (not adjusted for inflation) is it still time to buy?

Keep it in Your Pants!

Pretty sure I lost some twitter followers with yet another risque title, oh well.

Where else am I?

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Links for the Week

I doubt the Hockey Song will ever go out of style, but remember that Stompin’ Tom had many other songs too ( Big Joe Mufferaw mentions Ottawa):

Top Stories of the Week of March 8th
Where would you find Bud the Spud Now?

Renaming the TFSA: TFSP

Michael James makes a very good point that the A portion of the TFSA FLA is confusing to some folks. Some seem to think because of the “A” you can only have a savings account as a TFSA? NO!!! Is the simple answer.

Suggestions and Strategies to Facilitate the Tax Preparation Process for You and Your Accountant

The BBC gives us some helpful hints on how to get a gold star from your accountant (if you want to have a happy accountant that is).

 Setting Up a DRIP for a Stock or ETF at BMO InvestorLine

Beth Crooks a frequent commenter gives us a simple step by step on how to set up a DRIP for a stock using BMO.

Questions for financial experts and their RRSP game plans

Mark from My Own Advisor talks about an article he read in the Globe and Mail. My RRSP game plan is rely heavily on two separate pension plans and hope that my RRSPs grow without me doing too much.

Link No Longer active

Warren Buffett’s sense of humour

Larry MacDonald points out that the Wizard of Omaha is not just filthy, stinking rich, he also has a sense of humor. Is it safe to give a man his age the starting gun, is my only question?

Take This Quiz To Find Your Likelihood Of Dying By 2023

Fun topic eh? Well it is from Popular Science so it is not just another insurance salesman scam.

Great Money Advice For Canadian College & University Students On How To Avoid Student Loans

Mike Holman discovers the book “More Money for Beer and Textbooks” and really likes what he reads.  I think I’ll have to get a copy of this book myself and have a quick read.

 Why don’t more people work as truck drivers?

Vanessa (a twitter buddy) asks this question, and my answer is simple: I worked delivering in a truck and it was a great motivator for keeping me in University!

Call Me Maybe: Why my $783 unlocked iPhone is a ringin’ deal

Squawkfox shows that maybe buying a $780 iphone and not having it locked is cheaper in the long run. Hadn’t looked at the numbers this way, interesting.

 March 2013 Goals

Krystal Yee gives us her March financial goals, a brave stake in the ground (I couldn’t do that).

 Act Like a One-Income Family & Save

Gail Vaz-Oxlade points out a winnings strategy used by a few couples I know, which is live on one income and save or pay debt with the other income and you will be set for lif

5 Misconceptions About Retirement Planning

Boomer points out some of the fallacies that Canadians are living under in terms of their ability to retire. One not mentioned is that Low Ash Cat Food is not a good staple for your retirement year meals (just an FYI from me).

Want Fast Cash? Paid Blood Donations Come to Canada

Tom Drake points out there is another way to make more money than being a financial blogger.

Larry Swedroe explains how to Think, Act, and Invest like Warren Buffett (Podcast)

I have not listened to Preet’s Podcast yet, hopefully Larry does talk about having a sense of humour as well (oh and be filthy, stinking rich too). Larry’s book on Buffett is on my “read this dummy” list.

 Help Us, Help Students – More Money for Beer and Textbooks

This sure must be a good book given even Sustainable Personal Finance reviewed it and thought it good.


Other Bookkeeping

A Much Younger Stompin’ Tom

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A Stompin Tom Video to Think About

Tom’s lyrics might be a little raw, but still a Canadian treasure:

Questrade Democratic Pricing - 1 cent per share, $4.95 min / $9.95 max


{ 7 comments… add one }
  • Bet Crooks March 10, 2013, 1:19 PM

    Between Stompin’ Tom and Buddy Wasisname and the Other Fellers I learned more about Canada than in Grade 9 geography. May he find peace.

    A many thanks for the kind tip of the hat.

  • My Own Advisor March 8, 2013, 8:28 PM

    Thanks for the mention BCM.

    RIP STC.

    Enjoy the weekend!

  • Michael James March 8, 2013, 10:18 AM

    Thanks for the mention. I liked the “stinko” lyrics.

  • Lea Dettman March 8, 2013, 8:19 AM

    Goodbye Rubberneck! So long Boob! Go and blow your inner tube! lol
    Yep, remember his songs well. This song made me giggle when I was younger lol … still does! RIP

  • The Blunt Bean Counter March 8, 2013, 8:03 AM

    Thx for the link. Loved the keep in your pants post. Query if you were using Viagra would everything fall out of your pants?

    • bigcajunman March 8, 2013, 8:18 AM

      Depends if it lasts for more than 4 hours, doesn’t it?

      • Jane Savers @ The Money Puzzle March 9, 2013, 9:44 PM

        If it lasts more than 4 hours you need to seek medical treatment and there is a very large needle to deflate the situation.

        Thank you for mentioning my post. I can’t believe Obama got Star Trek and Star Wars mixed up. I thought he was cooler than that.


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