It seems the CRA and the Minister of Finance are not on the same page. The Minister told Parliament that there had not been any change in Disability Tax Credit (DTC) policies towards Diabetics or any other group, however, the National Post disagrees. They seem to have found an e-mail that seems to imply that the CRA has change their policy towards Diabetics and the DTC. Whether this is true or not, there does seem to be a perception with some of my readers that it is getting harder to get the DTC, especially for parents of kids with Autism.
My suspicion suggests that the CRA is cracking down on Disability Tax Credit cheats, which I am OK with, but let us hope that folks aren’t getting to vociferous during this crackdown.
If you are having issues getting your Disability Tax Credit , contact Autism Canada about the troubles you are having.
Christmas is about two weeks away, and there are a bunch of great finance books out there written by friends that would make excellent gifts. Nothings says Christmas more than a book that tells folks to stop over-spending (after they have over-spent). Tales from a Bankruptcy Trustee could become your new Christmas Eve tradition, or better still, How the Zombies Saved Financial Christmas (or the Leafs Season, not sure which).
This time of year is when you should be checking your credit card and bank statements to make sure there are no unexpected extra charges. Fraud seems to spike this time of year, and it is easy to miss unknown purchases if you have already spent a great deal. Be prudent and be safe with your debit card and credit cards, no sense in ruining your holidays.
My Recent Writings
I went into my archive of over 300 unfinished stories for Pension Income Splitting. It will be a money-saving technique I will use in my retirement, hopefully the tax laws won’t change by the time I retire.
Rampant Upselling was a reaction to a visit to have my Oil Changed at one of the Quick Oil Change places, and being accosted for all of the services that they offer. I have a regular mechanic, but I didn`t have time to make an appointment. Yes these places seem to do a good job, but be prepared to be badgered about every possible service they offer.
Micro Blogging on Finance
Our happy Bankruptcy Trustee friend has his own list of Christmas gifts.
My list of 10 money books you should read, or give as gifts this Christmas, by@wealthy_barber@WealthingRabbit @squawkfox @preetbanerjee @GailVazOxlade @KelleyKeehn @hmacbe @SeanCooperWrite @JonChevreau @DanielKahnemanhttps://t.co/DCNKdQi7lo
— Doug Hoyes (@doughoyes) December 2, 2017
Christmas is Coming 🎄
Yes, it is about two weeks until Christmas, are you ready? What does ready really mean at Christmas?
- The Blunt Bean Counter gives us a slice of life with, Let Me Tell You! Marriage Tips From a 30 Year Expert. Some very good pieces of advice, that a lot of folks will be too stupid to follow.
- By the Time You Read This, Bitcoin Will Have a Wildly Different Price the title alone sums up Bitcoin very nicely. The price currently is high, or low or crazy, I am not sure which.
- Steadyhand brings us, Why you shouldn’t sweat the fed, and the danger of chasing dividends. There is a danger in chasing dividends? Don’t tell the dividend lovers out there, they are quite touchy about the subject.
- Our friends at Stats Canada (the government agency not the comical web site and book) point out:
Total debt reached $1.76 trillion in 2016, an increase of 24.4% from 2012 and 183.8% higher compared with 1999.
To me that seems like a large increase since 1999, but I might be just an alarmist.
- Mark at My Own Advisor did a review of The Little Book of Common Sense Investing, and then added that you can download a free copy on line as well. A book all investors should read, I think even I read some of it.
- Michael James gives us a poignant story from his life about Leaving a Spouse to Pick up the Pieces. Heed his warning, do not leave your spouse holding the bag when you are gone.
End of 2017 Random Thoughts
- Unlocking Phones, Raiding Parents’ RRSP, Household Debt and #Moneytalk (December 1st)
- What is your price, Black Friday, Phoenix and #MoneyTalk (November 24th)
- We Shall Remember, Paradise Papers, Tax Cheats and #MoneyTalk #FLM2017 (November 10th)
- Fall Back, Farewell PC Financial, and #MoneyTalk #FLM2017 (November 3rd)
- Mortgage Tests, Thanks Gord and Bombardier and #Moneytalk (October 20th)
- Halifax Ikea, New Tax Plans, Pumpkin Spice ETFs and #MoneyTalk (September 29th)
3rd Quarter Random Thoughts
- Summers end, Taxes, Doomsday Insurance, Uber and #MoneyTalk (September 15th)
- Rates Up Trend, Summer Holidays, High Gas and #Moneytalk (September 8th)
- Farewell PC Financial, Summer Holidays, Bat Guano and #MoneyTalk (August 18th)
- Paying Children to Move out, Sears, and #MoneyTalk (July 28th)
- Rate Reactions, Mortgage Double Ups, Bad Cycling and #MoneyTalk (July 21st)
- Keep Calm and Pay Off Your Debt and #MoneyTalk (July 14th)
2nd Quarter Random Thoughts
- #Canada150, B of C Rates, and #MoneyTalk (June 30th)
- Donuts, Graduations, Summertime and #MoneyTalk #Canada150 (June 23rd)
- Bank Profits, Loose Money, Used House Salesfolk and #MoneyTalk (May 26th)
- Avocado Toast, Victoria Day, Ransomware and #Moneytalk (May 19th)
- RDSP, DTCs, Mother’s Day and #MoneyTalk (May 12th)
- Thanks Prince Phil, More Old Than Young and #MoneyTalk (May 5th)
- MLM, Balanced Budgets, and #Moneytalk (April 28th)
- Overheated Housing Market, Rent Controls and #MoneyTalk (April 21st)
- Ladies on Panels, Good Friday, Friendly Skies, Loose Money and #MoneyTalk (April 14th)
- Tax Time, Housing Bubbles, Financial Easter and #MoneyTalk (April 7th)
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