To all the Fathers out there, I wish you an early Happy Fathers Day (never sure where the apostrophe goes here). I am lucky to be a Dad, and also a GrandDad but just hoping for a quiet Sunday.

As I have said before, most Dads will be happy to hear from you however way you wish, and just want to know you are Safe and Happy. During these more interesting times, that is truer than ever.

So, that COVID thing seems to have been a big scam eh? Like President Trump said, it would go away, if we stopped testing, much like my debt would go away, if I stopped looking at my bank balance? In Canada, we seem to be doing OK, but I have guarded optimism now. I am certainly glad my dentist is seeing folks again (having an infected tooth is another exciting part of the lock down).

With Ontario (except Toronto) opening up, but the US border staying closed, we may do OK, but it might be a little early for optimism.

I have spent this week unsubscribing from over 50 email newsletters that have been bombarding my inbox. The actual number I think is higher, and I will be on it for a while. I have a new credo to live by.

If I delete an email twice in a row (BEFORE reading it), I must unsubscribe from it.

BCM Quarantine 2020

I would wake up and have over 200 unread emails each morning (after cleaning my inbox the previous evening). This needs to be changed, so a new project was born. And I still do not allow cold call Guest Post requests either.

Inflation is negative for a second month? Interesting numbers but all must be taken with a grain of salt for now.

Inflation (year over year May 2020) -0.4 %
Bank of Canada Overnight Rate May 21st0.25%
Unemployment Rate (as of May 2020)13.7%
GDP Growth (Q1 2020)-2.1%
Population of Canada (Jan 1, 2020)37.894 Million
CIBC current prime rate2.45%
BMO current prime rate2.45%
Scotiabank prime lending rate2.45%
TD prime lending rate2.45%
Tangerine prime lending rate2.45%
Some Useful Financial Data for Canadians as of June 19th

Past Writings

Somehow I have managed to get “busy” and haven’t written much lately. The summer has arrived at least? Having health issues at the same time, does kind of distract you.


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More Financial Writings for Dads Everywhere

Fathers Day will be different for many of us. Should you visit? Maybe a Video Visit? Either way, your Dad would love to hear from you (in most cases). My Dad has been gone a while, but I still think of him often.

Debt to Disposable income
Household credit market debt to household disposable income, seasonally adjusted

Tweets of the Week

I follow the OPP East Region mostly to see these kind of tweets. There is a lot here, but it is as close to “speed shaming” as we can go in Canada.


Would I be showing my age, if I said I remember seeing this on its first run in the 70s?


Videos of the Week

Preet has been pumping out video content about all the new COVID19 programs, and here is another good one. CERB goes on, as does his luscious beard?


Random Thoughts from the Past

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Boxing Tuesday, Opening Up and #MoneyTalk

It is a long weekend, but a weird one since most of us haven’t really been going into work. Is it a long weekend? Well it will be in Ontario, because on Tuesday May 19th 2020 more stores will be opening up. Will this cause a Boxing Tuesday effect (i.e. people lining up to get in, showing up at 5 AM)? Maybe not, but it may cause more shopping mayhem. Stores that have opened so far do seem quite, crazy.

In Ontario we are only in Phase 1 of opening back up, and there are many rules still in place, but will people follow the rules? That remains to be seen. We see our rowdy southern neighbors are already acting like, it was all a bad dream. Time will tell whether this is the right way to do things. My opinion is a slow opening is a good thing, but until we have a vaccine or cure, we won’t be anywhere near “normal”.

Much more financial help announced by the government this week, and you should read about all of them. Seniors are getting some money, students are getting some money, etc.,. The Tories are worried about possible fraud in the system, I am confident the CRA will find the obvious ones. I am with the pundits that are asking, how will this all be paid for? Again, we shall see.

Note that Unemployment rate is now at 13.0%, that is a very high rate of Jobless Claims.

Inflation (year over year February 2020) 2.2%
Bank of Canada Overnight Rate April 21st0.25%
Unemployment Rate (as of April 2020)13.0%
GDP Growth January 2019-201.8%
Population of Canada (Jan 1, 2020)37.894 Million
CIBC current prime rate2.45%
BMO current prime rate2.45%
Scotiabank prime lending rate2.45%
TD prime lending rate2.45%
Some Useful Financial Data for Canadians as of May 16

Past Writings

My hope is that my prediction that things will change in the world of office design really will change, but I am pragmatic enough to know it may not happen in my career space.

  • The Death of the Open Concept Office Space is my perusing of a CDC report and hoping that it really does mean the end of the open office space, and get back to a bit more respect for employees. Is this really going to happen? We shall see.

It is easy to dodge our responsibilities, but we cannot dodge the consequences of dodging our responsibilities.

Josiah Stamp

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More Financial Writings for a Long Weekend

Some interesting reads for your long weekend, while you are still practicing social distancing (I hope). It was also Privacy Awareness Week this past week, did you realize that?

From Kiplinger Magazine June 1, 2020
A Polite Spit Take

Tweets of the Week

The PM makes a very good point, if you are shopping right now, Buy Canadian, and even more, Buy Local. So many small businesses need the business (Jeff Bezos is about to be a Trillionaire, so he doesn’t need it).


Possible the most esoteric Twitter discussion about Bitcoin, ends up with J.K. Rowling buying one? The Interweb is a wild and whacky place!

Don’t really care, I still am not buying any…

Videos of the Week

Preet has been pumping out video content about all the new COVID19 programs, and here is another good one. Can someone please send him a razor?

Just Subscribe to Money School, Your Life Will be Simpler

What if there was no Privacy?

Luckily this is not how it works…. yet

Random Thoughts from the Past

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Opening up, May Day, COVID19 and #MoneyTalk

Another day to celebrate with the proletariat, our brothers and sisters who have thrown off the shackles of oppression, happy May Day! During the COVID19 lock down celebrating any day, is something. I think it is Friday (May 1, 2020) today?

More talk of restarting things in Ontario, which will be a slow process. In Ottawa things are very bad in our Seniors and Care Residences, and that is a concern for all of us. How to keep our Seniors and those who need our help, safe, is the most important plan.

This Wouldn’t Worry You Would it?

Not sure about the wearing a mask thing. I did see that the NFL on-line store is selling NFL Team themed masks, which would be cool. Wearing a Vikings mask would be good, but I would really like to walk into a bank wearing an Las Vegas Raiders mask.

Now is the time to ask for help or lowering of fees from your Bank, Insurance Company, or Internet Provider/Phone Company. Banks have claimed they will lower rates, but I haven’t seen it (TD’s Unsecured Line of Credit is at 5.60% (their prime is 2.6%), yet my Tangerine Line of Credit is at 2.45%). Your Car Insurance should be lower, you are not driving as far, yet I didn’t get much back from my Insurance company. As for Bell, they have actually raised my rates. Yes, the answer is always NO, unless you ask. If your income is curtailed, you should ask for all the help you can get.

Inflation (year over year February 2020) 2.2%
Bank of Canada Overnight Rate April 21st0.25%
Unemployment Rate (as of March 2020)7.8%
GDP Growth January 2019-201.8%
Population of Canada (Jan 1, 2020)37.894 Million
CIBC current prime rate2.45%
BMO current prime rate2.45%
Scotiabank prime lending rate2.45%
Some Useful Financial Data for Canadians

Past Writings

I did an interview with Tom Drake and that seems to cause more posts on the topic of RDSPs:


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More Financial Writings for Troubled Times

Some interesting reads for your weekend, while you are still practicing social distancing (I hope).


Tweet of the Week

Gail Vaz-Oxlade has been posting about her Master Money Class, and this tweet is an important thing for folks with kids with a Disability Tax Credit.

This one from the New Yorker is a bit too topical.


Video of the Week

I must admit I am a bit of a Fanboy for Stephen Fry, fairly sure I’d watch him read quietly for hours.

Corona Virus (in the UK) by Stephen Fry

Preet is showing off his prowess in Financial Matters, and also his ability to grow a very bushy beard.

75% Wage Subsidy and CERB Repayment? | Canada Emergency Response Benefit and CEWS (Wage Subsidy)

One more from Doug Hoyes, which really does make me sick.

The Vultures are Circling due to COVID19

Random Thoughts from the Past

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Unemployment Spikes, Easter and #MoneyTalk

Stats Canada announced on the 9th a massive drop in the employment numbers with (March 2020) over 1,011,000 jobs lost and many other folks had significantly less hours worked. Increased jobless claims will continue to climb during this pandemic.

I have not seen a drop like this in my lifetime

The unemployment rate now runs at 7.8% (March 2020), and things will only get worse for the next few months, unfortunately. What will happen as jobless claims rise?

A few more weeks into the COVID19 Lockdown of 2020 and more folks are sick, more medical staff are burning out, and we are running out of supplies. Many folks seem to be refusing to believe the seriousness of the situation, and plan parties and meetings and such.

But, we will come through this. We will learn and hopefully all of us will be a little wiser (in life and with money as well).

Easter comes and it is a time of Hope and new beginnings, but those new beginnings may not be soon. For those upset that they cannot be with loved ones, remember why.


Past Writings

A few new ideas over the past two week:

  • My CRA Account is something that you really should have. It helps you see what is going on with your Income Tax Returns, gives you all your maximums for the year (e.g. RRSP, etc.,) but also you can watch your status for the new CERB.
  • I kind of cheated claiming I wrote Henson Trusts since it really is just a link back to a great article on the Blue Bean Counter. I started writing an article, and it was just too darn complicated for me.
  • SEO leads to Trolls? It actually does.

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More Financial Writings for Troubled Times

Some interesting articles out there for this past little while.


Tweet of the Week

Preet is getting prodigious on his video postings during this Quarantine, amazing what being locked in your home most of the day.

Oh and do you have a HELOC?

Yikes?!?

Video of the Week

I believe the Queen said it the best this week.

The Queen Speaks of our Strengths

The CBC wanted to talk about your finances, and brought in an old friend of this site!


Random Thoughts from the Past

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Financial March Madness, Changing Frugal Lifestyles and #Moneytalk

March Madness is in high gear with the Elite 8 going on this weekend. As usual my bracket cannot win even though I still have 4 possible victors in the final four. My ability to prognosticate is pretty bad.

Gas prices are rocketing up in Ottawa, which suggests Inflation (or at least a higher CPI) is coming very soon. With the Carbon Tax there is talk of gas in Ottawa being $1.40 this summer. Maybe it is time to start looking at the Tesla again. We might all need to get a more frugal lifestyle, and soon.

With Brexit causing the UK no end of despair and confusion, this could be a very interesting summer financially. I don’t pretend to understand it all, but it does seem to be a “no win” scenario.

Remember that it is Tax Season, time to get all your documentation and get your return in to the CRA. If you owe money, you don’t have to pay until the deadline and if you are owed money, the sooner you get that money back, the better. Be patient if you call, wait times can be long this time of year.

Recent Articles

I am slowly getting back into the swing of things, but life is still quite interesting for me these days. 3 Ways To Pull Off This Season’s Coolest Financial Trend was really just a bit of click-bait. I really hate to think this is how folks are finding out information, but unfortunately click-bait continues to rule.

RDSP : A Really Long-Term Savings Plan points out with an actual example how big the penalties are for RDSP early withdrawals. I do have a few other examples of how the RDSP system works, so stay tuned.

I’d like to thank the Liberals for this easy tap-in story, RDSP and Budget 2019. They were kind enough to put in a clarification and a change of rules in their latest budget. I still haven’t got a definitive statement that this is now the law of the land, but we shall see.

Troubling and True

Kerry from Squawkfox has a very good point with this answer to a Tweet. Literacy is very important, but sometimes life serves up a big feces sandwich.

EQ Bank Savings Plus Account

Spending Habits

Interesting that two of my favorite reads had articles on spending habits in retirement. It is interesting to see life-time savers and frugal folk suddenly realize they have to change a habit they have had their whole life.B

  • Michael James (who surprisingly is not the most frugal person in his family) brings us Compensating for Your Money Personality. The word cheap could be used to describe someone as frugal as MJ and his wife, but that is not the right word. I think the word I’d use is driven, which explains things much better.
  • 2nd Career Search has returned from a stay in Florida, and he also writes on the same subject. Saver to Spender Transition explains how he and his wife had to learn to “loosen the purse strings”. If you don’t understand this, think of the chronic overspenders you know, and how hard it would be for them to become frugal.
  • Hoyes Michalos has made a documentary about Millennials & Debt – No Room to Maneuver. I am concerned about the life my children will be able to lead, and this does not help me sleep any better.
  • The Blunt Bean Counter gets into the spirit of Tax Season with The Top Tax Tips for Students. If you don’t take tax tips from an accountant, who should you take advice from?
  • Should you invest in pot stocks? How do you invest in the cannabis sector? That is a good question, my guess is I might enjoy some of the fruits of this new magic herb, but I doubt that I might invest in it directly.

The spring is coming, but slowly in Ottawa, but our friends from the UK might not believe it.

Our friends from the UK may not enjoy the Ottawa Spring

A Worrisome Tweet

Bankruptcy is a Growing Business

The 2019 Random Thoughts

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