Quotes of the Day

CRA issued IT-518 to overview their position with regard to the deductibility of food, beverages and entertainment. Reasonable amounts may be deducted if the costs were incurred in the course of earning income from a business or property. The total costs must be restricted to 50% of the amounts actually paid or payable. You can fully deduct the cost of any meals and beverages served or entertainment provided on planes, trains or buses (but not ships, boats or ferries), so keep a log of those expenditures, as receipts are normally not available, and CRA will allow a reasonable amount as your claim. [2020] - Evelyn Jacks

Consistently use (with discipline and proper risk management) strategies that produce more wins than losses in the long run. Wait stringently for the best trading opportunities before you take action. Trading too frequently causes you to be caught in many bad trades; your success rate will be low. [2008] - Yeo Keong Hee

If you find that your listing isn't getting enough bookings on Airbnb, you can look at alternatives, such as VRBO, HomeAway, FlipKey, and Booking.com to just name a few. However, putting your listing on multiple platforms requires the use of vacation rental management tools to help you manage the multiple listings and calendars to avoid double bookings and scheduling conflicts. These tools can be costly, so the option isn't idea for single listing hosts in low travel demand markets. [2023] - Symon He

In general, I recommend diabetics avoid regular and liberal consumption of foods with a GL (Glycemic Load) above 15, at least until their diabetes is in better control and their weight has dropped significantly. [2013] - Joel Fuhrman

Investing 100% of your savings in paying down a mortgage can be a winning strategy, especially for those who do not want any stock market risk. Applying all long-term savings to mortgage paydown means giving up the potential that stock market returns will exceed your mortgage 'investment' returns (your mortgage rate) over time. Given that mortgage rates are so low, it won't take much for the stock market to outperform. So, some combination of mortgage repayment and tax-sheltered stock investments (in TFSA and/or RRSP) probably makes sense for most Canadians. [2018] - Larry Bates