Tax

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CTV Newschannel Interview on Retirement and The Budget

CTV Newschannel was kind enough to invite me down to chat with Jacqueline Milczarek about the latest budget and personal finance in general. Click here to view the interview (there will probably be a 15 second advertisement video before the segment starts).

6Mar2010 | Preet | 5 comments | Continued
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GIVEAWAY: Two Copies of QuickTax Standard from Intuit

A representative for Intuit contacted me last night to offer up two copies of Intuit’s QuickTax Standard (handles up to 8 returns) for a giveaway on the blog. With the deadline for filing your taxes coming up I thought I would agree to the giveaway if they would explain exactly how they can guarantee the [...]

17Feb2010 | Preet | 52 comments | Continued
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Tax Advantages of Segregated Funds versus Mutual Funds

Following from yesterday’s post on year end mutual fund distributions, I should point out that Segregated funds (which are very similar to mutual funds in that they are essentially investment funds but with certain guarantees on capital over time or upon death) are markedly different. Specifically:
1. Segregated funds (seg funds for short) can flow through [...]

25Nov2009 | Preet | 7 comments | Continued
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Investor Advisory Alert – Year End Tax Distributions

Today’s entry is from another guest author – Ken Kivenko from CanadianFundWatch.com. Ken is an investor advocate and regularly provides good material to consider and discuss. He recently sent me this article by email I thought it would be worthwhile to share, with Ken’s permission…
It’s that time of year again.
Time to think about mutual fund [...]

24Nov2009 | Preet | 14 comments | Continued
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ING offers a way to get 2010 TFSA Contributions in early

Programming note – a while back I had mentioned that readers of this blog were going to get the chance to ask questions to Peter Aceto, CEO of ING Direct Canada. Just a quick update since it has been a while since that was first posted: the interview will be a video interview and I [...]

15Oct2009 | Preet | 2 comments | Continued
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Cash For Clunkers Worked Too Well?

The Cash For Clunkers program in the United States might have worked too well. Under this program, people could turn in older, less fuel efficient cars for new cars and get up to $4,500 for their old clunkers. Critics asserted that all it would do is steal future sales and provide only a temporary increase [...]

7Oct2009 | Preet | 6 comments | Continued
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Even More Clarity on Vanguard ETF Taxation

A well informed authority on indexing emailed me to offer some further insight into the taxation nuances of Vanguard ETFs. Without revealing the source, I can assure you that what follows comes from a real expert on the subject matter. For those who have missed it, you may want to read these related posts first: [...]

22Sep2009 | Preet | 5 comments | Continued
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Tax Efficiency of Vanguard ETFs Follow Up

Last week I had mentioned that Vanguard ETFs had slightly different tax considerations than most other ETFs due to their unique structure (they are actually a separate share class of Vanguard index mutual funds.) Larry MacDonald from Canadian Business Magazine has added some more information to the mix in his most recent blog post. He [...]

21Sep2009 | Preet | 1 comment | Continued
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Vanguard ETFs have Different Tax Considerations Than Other ETFs

WhereDoesAllMyMoneyGo.com
A little known fact (it seems) is that the Vanguard lineup of ETFs are not stand-alone products to the same extent as other ETF manufacturers’ ETFs. Rather, Vanguard ETFs are simply a special share class of Vanguard’s Index Mutual Fund lineup. While on the surface this might not sound like an important distinction, it is [...]

15Sep2009 | Preet | 9 comments | Continued
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US Debt Clock

The US Debt Clock which was installed on the face of a Manhattan building made headlines months ago because this second generation version of the original US debt clock had run out of capacity: it only had room for 13 digits (not including cents!). Since the US national debt surpassed $10 trillion, there are plans [...]

11Aug2009 | Preet | 12 comments | Continued
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Ontario Announces $10,000 Rebate On Purchase Of Electric Cars

Ontario Premier Dalton McGuinty has just announced that anyone in Ontario who purchases a plug-in hybrid car or battery electric car after July 1st, 2010 will be eligible for a rebate of between $4,000 to $10,000. There is no official list of details that I could find, but gathered the following information from the Government [...]

15Jul2009 | Preet | 15 comments | Continued
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Save Money On Wheels and Tires

Last winter I was looking for a set of cheap steel wheels to mount winter tires on, but I couldn’t find them fast enough so I just decided to mount the snow tires on the factory alloy wheels as the tires were getting close to worn out anyways. I thought to myself, when the warm [...]

29Apr2009 | Preet | 15 comments | Continued
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The Importance Of Low Portfolio Turnover

One of the benefits espoused by proponents of index funds is the low turnover rate. I thought I would explain just what portfolio turnover is, and the further provide some concrete evidence to really make you stand up and take notice.
What Is Portfolio Turnover?
Portfolio Turnover is a measure of how much buying and selling is [...]

15Apr2009 | Preet | 8 comments | Continued
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Proceeds of Crime are Taxable

I was browsing through the CRA’s website (Canada Revenue Agency) and stumbled upon an interesting page that indicated that the proceeds of crime are taxable. Upon doing some more digging I found some material which seemed to indicate that there are special liaisons between the CRA and law enforcement agencies who coordinate to ensure that [...]

15Mar2009 | Preet | 7 comments | Continued
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Book Giveaway #4: RRSPs by Yours Truly

Well, it’s time for round #4 of the book giveaways this week. I’d make it 5 books as I normally write on Fridays but that’s reserved for the weekly Lap of the Blogs and I’ve got a real deusie of a video (which “propeller heads” will enjoy too!). But I do have some good news. [...]

28Jan2009 | Preet | 28 comments | Continued
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