5 Reasons to Skip the RRSP Contribution this Year

By 2 Cents on January 24th, 2011 | Category: Retirement | 23 comments
success-exit

The conventional view serves to protect us from the painful job of thinking.

~J.K. Galbraith

Update: This article was included in the Canadian Personal Finance and Investing Carnival #14. Thanks!

January is already coming to a close and February will soon be upon us. In the Canadian financial realm, that usually means a mad dash by financial advisors and journalists to remind us that we only have a few weeks left to make the obligatory contribution to our RRSP, or face the reality of dining on Tender Vittles in our golden years. This year, however, there seems to be a bit of an RRSP backlash, with more than one article taking a not-so-fast tone to contrast the steady “RRSP now” drumbeat pounded out by some members of the financial services industry and media.

Recently, Jon Chevreau of the Financial Post reviewed [...]

Read on and enjoy … 5 Reasons to Skip the RRSP Contribution this Year

Category: Retirement | Tags: , , , |

Taxes: The Missing Step

By 2 Cents on February 15th, 2010 | Category: Taxes | 4 comments
Pay Taxes

I don’t know if I can live on my income or not – the government won’t let me try it.

~ Bob Thaves, “Frank & Ernest”

Update#1: This post was the #1 pick in the Best of Money Carnival #39 posted at the Canadian Personal Finance Blog. Thanks Big Cajun Man!

Update #2: Thanks to Kay Bell for including this article in Tax Carnival #66: Tax Olympics posted at Don’t Mess with Taxes.

When I wrote about the 10 Steps to Fiscal Fitness, I may have overlooked one potentially huge factor that can affect your financial health, and that’s taxes. Whether it’s sales taxes, property taxes, provincial or federal income taxes, a pretty big chunk of our income goes to pay all sorts of levies. Strictly speaking, I guess taxes aren’t really a step [...]

Read on and enjoy … Taxes: The Missing Step

Category: Taxes | Tags: , |