Category: Finance

Breadcrumb Trail Links Taxes Personal Finance Jamie Golombek: To deduct unreimbursed food and lodging employment expenses, several conditions must be met A Go train at Toronto’s Union Station. Photo by Peter J. Thompson/National Post Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links […]

Breadcrumb Trail Links Personal Finance Family Finance Being on the same page and having a way to talk about money is crucial for a stable financial future Setting joint financial goals, like saving for something you can enjoy together within the next six months, is a good way to get on the same page financially. […]

Breadcrumb Trail Links Personal Finance News Economy Debt Bankruptcies, proposals to renegotiate loan terms expected to rise in first quarter Canadian business insolvency filings grew 37.2 per cent in 2022. Photo by Brent Lewin/Bloomberg files Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through […]

Breadcrumb Trail Links Personal Finance News Debt Insolvencies are up 15% from last year and a younger generation is leading the way Published Feb 13, 2023  •  3 minute read 19 Comments Total Ontario insolvencies rose by 15 per cent in 2022 year over year while Canadian filings rose by 11 per cent. Photo by […]

I have a love-hate relationship with owning real estate because something always comes up. The more physical rental properties you own, the more problems you will have as a landlord. In June 2022, I decided to rent out a fully remodeled single-family home I had purchased in 2019. We had originally planned to live in […]

I’ve finally discovered the best reason to retire early. A longer steady-state period of happiness. It has taken me 10 years of fake retirement to come up with this epiphany because I had to experience the process myself. In the past, I’ve written that early retirement isn’t all sunshine and rainbows. I went through plenty […]

A 529 plan is one of the best generational wealth transfer vehicles. Instead of just giving our kids or grandchildren money, it’s way better to give them the gift of education. Thanks to the SECURE Act 2.0, we will be able to roll over leftover 529 funds to a Roth IRA without taxes or penalties. […]

Early retirement / FIRE is becoming obsolete and that’s a good thing! No longer do you have to grind as hard and save as much to quit your job ASAP. Today, you can find many better ways to earn a living, no matter your education level or current occupation. As one of the pioneers of […]

As more people look to retire early (<60), more people are looking for shortcuts in order to reach early retirement quicker. Some hate their jobs so much they are willing to retire early and live in poverty! Instead of retiring early to live in poverty or near poverty, wouldn’t it be better to find a […]

After writing about building passive income since 2009, people still seem to be confused about the difference between active income and passive income! Let me finally put this confusion to rest because I don’t want people to get tricked into thinking earning passive income is easy. It is not! It took me from 1999 – […]