Quotes of the Day

Obtain the status certificate of the unit you wish to buy and the condo complex's financial yearly reports. Analyze the current, past, and proposed future budgets of the complex where you wish to buy. Ask your lawyer or accountant to help you if you're unable to make this analysis yourself. [2013] - Dan S. Barnabic

The interest paid on money borrowed to in TFSAs, RRSPs, RDSPs and RESPs will not be deductible. Opening a home-based business and claiming home office expenses will make your mortgage interest costs partially deductible, or you can borrow against the equity in the home, place investments in non-registered accounts and then write off the interest on the loan. Discuss these options with your tax advisor. [2020] - Evelyn Jacks

Most disabilities are caused by medical problems, such as arthritis, heart conditions, hypertension, and back/spine or hip/leg impairments. The vast majority of these medical problems can't be predicted in advance, particularly those caused by random accidents. Being without disability insurance is a risky proposition, especially if, like most working people, you need your employment income to live on. If you're married and your spouse earns a large enough income that you can make do without yours, consider skipping disability coverage. The same is true if you're already accumulated enough money for your future years (in other words, you're financially independent). [2019] - Eric Tyson

If you feel that Revenue Canada would still consider you to be a resident, don't worry, now you know what they're looking for and you can change your current situation to become a non-resident. For example, you could place property in a trust to get it out of your name. [2007] - David M. Voth

Ginseng appeared to reduce the risk of developing acute upper respiratory infections, but it did not appear to significantly affect the duration of illness. The preventive benefit is limited to Asian ginseng, which cuts infection risk in half, as opposed to American ginseng, which reduced risk by only 14%, not reaching statistical significance. [2023] - Michael Greger