Quotes of the Day

It's preferable to use tax-favoured or non-taxable forms of income once you're over the first federal bracket, assuming that you have non-registered assets. This will put less strain on your income-producing assets and help to conserve and preserve them. From an efficiency perspective, it's usually preferable to have non-registered investment returns in the form of capital gains rather than dividends. The dividend tax credit gross-up inflates your net income figure. What you ultimately want to do is create the amount of after-tax cash flow that you require while keeping your net income figure relatively low. [2019] - Daryl Diamond

The key to building a successful blogging business is identifying and nurturing an audience community interested in the topics you cover and finding advertisers interested in reaching them, too. [2006] - Scott Fox

FOOD PAIRING: By adding eggs to salad, we can increase our absorption of nutrients from the egg and the salad greens, compared with eating these foods individually. When bananas are eaten alongside whole milk, custard, or yogurt, this combination increases the body’s uptake of calcium from the dairy. Steaming can reduce the oxalates in spinach and preserve the water-soluble minerals that would be lost in boiling water. To increase the absorption of fat-soluble minerals from spinach or other green vegetables, consider adding a small serving of butter to these foods. [2018] - Ellie Phillips

The 'Rule of 20' (developed by the Canadian office of Russell Investments) is a simplified method that gives you a very rough and rather conservative estimate of the size of nest egg you might require. First, estimate the amount by which your annual retirement costs will exceed your assured source of income like CPP, OAS, employer pensions, annuities, any significant sources of cash such as an inheritance or home downsizing, etc. (your 'Retirement Gap'). Multiplying your Retirement Gap by 20 gives you rough approximation of your required nest egg. [2018] - Larry Bates

If you are unable to raise the necessary 25% funding to complete the purchase of the home, then a high-ratio mortgage may be available to you. This is a conventional mortgage which exceeds the 75% limit. By law, these mortgages must be insured, and they are available only through approved lenders that are accepted by CMHC or Genworth Financial. [2006] - Douglas Gray