Quotes of the Day

Perhaps the most helpful mental habit you can develop is the habit of optimism. [2004] - Brian Tracy

A diet low in cholesterol but high in animal protein would increase blood cholesterol more than a diet low in animal protein. Whereas cholesterol and saturated fat can easily be removed from animal foods, as in the case of skim milk and lean cuts of meat, the removal of protein would result in a far less appetizing dinner party. [2020] - T. Colin Campbell

TFSAs will generally produce a better ultimate result versus an RRSP if your marginal tax rate at withdrawal is higher than your marginal tax rate when you contribute. TFSAs are almost always a better choice for lower-income investors (below $40,000 in annual income). RRSPs can produce better results for higher-income earners who expect their marginal tax rate at the time of withdrawal to be lower than at the time of contribution. Remember, a dollar in your RRSP is worth less than a dollar in your TFSA. To help 'equalize' the real after-tax value of an RRSP contribution with the value of a TFSA contribution, contribute your tax refund to your RRSP as well. Alternatively, put your tax refund toward your TFSA. [2018] - Larry Bates

You work the larger muscles first and progress to smaller ones as you go, because larger muscle groups will activate the nervous system, hormone circulation, and blood circulation more quickly, which preps the whole body. If one of your goals is to improve your cardio, try to keep the interval between exercises to less than 30 seconds. Remember, the number of reps doesn't matter. What's worth noticing and recording is how long your muscles are able to work slowly against the resistance before failing--what's know as 'time under load'. [2021] - Philip Shepherd

Corporations must keep their records for 6 years from the end of their fiscal period. However, certain records, like those relating to the acquisition of long-term assets or any records that could affect the sale or wind up of your business must be kept indefinitely. You can request permission to destroy your records earlier than that, using Form T137; however, this may be an invitation for a tax audit first. [2020] - Evelyn Jacks