If you’re over age 50 and not sure whether you’re going to be able to retire, it’s time to focus, get advice and build a realistic plan. You’re not alone. The U.S. Government Accountability Office recently reported that most households approaching retirement have low savings, adding that nearly half of households led by individuals or
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Facts The New Alberta Government Needs to know to Write Its First Budget
on June 1st, 2015
Unless, of course, its guiding principle is simply to tax and spend with abandon The NDP government in Alberta has delayed introducing its first budget until the fall, which should give its new MLAs plenty of time to think about how they’ll collect and spend Albertans’ money. But to properly manage the estimated $48.4 billion
France’s Failed Tax And Spend Experiment
on November 18th, 2014
It is clear the French model is broken When French President Francois Hollande visited Canada recently, one hopes the Gallic leader looked around. If he did, he would have noticed a stark difference in the economic opportunities between the two countries with the advantages mostly on this side of the Atlantic. Dissimilarities between the two
How to Pay Less for a New Car
on September 30th, 2014
By Jason Alderman : Late last year, my wife and I were in the unenviable position of needing to shop for a new car, since the used car lease I’d assumed was about to expire. I knew it would probably have to last until my kids were well into college, so I spent a long
What to Do if You Inherit Someone’s 401(k)
on June 26th, 2014
By Jason Alderman Talk about good news wrapped in bad: In the midst of grieving the loss of a loved one, you learn that you were named beneficiary of their 401(k) plan. Chances are you’ve got too much on your mind to make any sudden decisions about what to do with the money. However, don’t
Death and Taxes:How to Avoid Probate Fees
on October 17th, 2011
Executors have a difficult and sometimes complicated job to do, and understanding probate fees is just one element. A quick visit to your neighbourhood lawyer or notary public will help you understand probate for your particular situation.
Procrastinators pay
on April 20th, 2011
Simply failing to pay fines for overdue library books or parking violations can escalate far beyond the original penalties and interest they accrue. Many local governments trying to balance their budgets are increasingly aggressive at collecting such fees – sometimes even turning them over to collection agencies.
Think twice before tapping retirement plans
on April 9th, 2011
Think long and hard before tapping your retirement savings for anything other than retirement itself. If that’s your only recourse, be sure to consult a financial professional about the tax implications.
Registered Education Savings Plans
on December 16th, 2010
Funding for education can come from one of three sources: savings, a loan, employment during school (or between semesters) or any combination of these options. If none of these options are available a potential student is forced to either postpone or cancel their educational pursuits.
The Bite of the Proposed HST
Citizens can expect big tax increases that may never be offset by any increases in local business. It’s dreaming in Technicolor that new firms will relocate to B.C. and offer new employment. Some economists say a consumption tax is a good thing. These same bright lights did not predict the recession or the sub prime mortgage debacle.