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A money manager’s guide to earning a guaranteed 1,123% return on investment | Money Saving Tips

A money manager’s guide to earning a guaranteed 1,123% return on investment | Money Saving Tips

| January 28, 2017 | 2 Comments

[Comments/Suggestions on this or future articles greatly appreciated] My mama always taught me to be thrifty with my money growing up. She abhors frivolous purchases. Thus this recent Mother’s Day I decided to gift her the best gift I could – NOTHING. Instead I went and bought myself something from the nearest Walmart – the […]

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7 ridiculously easy ways how I saved $$$$$$$ and time on Budget Adventure Travel | Money Saving Tips

| January 19, 2017 | 15 Comments

[Prologue: Several readers asked me about the total trip for this travel. I crunched all numbers and the total cost was approximately, CAD $4,500 for two adults. This includes all airfare, ground transportation, lodging, food, tours, and gifts. The trip itinerary was Calgary -> Miami -> Quito – > Amazon Jungle -> Quito -> Bogota […]

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Looking after your wallet in the casino | Money Saving Tips

Looking after your wallet in the casino | Money Saving Tips

| September 24, 2016 | 0 Comments

This post is a preview for the upcoming story on Budget Adventure Travels in Vegas – Everything you need to know to “Have Fun -Save Money” As we’re in the throes of summer, we’re all looking forward to getting away on vacation. Of course, this can hit some of our pockets harder than others, especially […]

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Marriage and Taxes | Tax | Money Saving Tips

Marriage and Taxes | Tax | Money Saving Tips

| September 4, 2016 | 0 Comments

The biggest events in life also have big tax implications. Saying “I do” is among the biggest of life’s changes, and from a tax perspective it’s right up there with..well…death. One common misunderstanding is that the Canada Revenue Agency distinguishes between marriages, common-law relationships and civil unions. It does not. Similarly, the CRA treats same-sex […]

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Vehicles for Business: Auto deductions | Tax | Money Savings

Vehicles for Business: Auto deductions | Tax | Money Savings

| September 1, 2016 | 0 Comments

Car-related tax deductions exist, but the rules are fairly restrictive If you use a vehicle to earn employment or business income, the Canada Revenue Agency allows you to make some auto-related deductions on your tax return, but the government cannot be said to be generous in this area. Those who lease a vehicle can claim […]

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Family Business: How SME income-splitting works | Tax | Money Savings

| August 23, 2016 | 2 Comments

It’s exhilarating and liberating to watch your small business grow and become a success. After long hours of stress and hard work, you’re finally on the map. But as your unincorporated small business begins to thrive, its increasing revenue may begin pushing you into a higher tax bracket. The potential for income-splitting within the family […]

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Enjoying some holiday benefits at work? You may need to tell the taxman | Money Savings

| August 14, 2016 | 5 Comments

Canadians are a little down this holiday season, at least when asked about holiday workplace perks. A recent survey found only 44 per cent of Canadians expect to indulge in a traditional rite this season: the employer-sponsored holiday party. And extra dollars will be even harder to come by, as only 17 per cent are […]

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Maximizing the RESP benefit | Money Saving Tips

Maximizing the RESP benefit | Money Saving Tips

| August 8, 2016 | 0 Comments

Within the group of various tax deferred/free savings initiatives provided by the Canadian government to its residents, the Registered Environment Savings Plan (RESP) is like the black swan of the programs; In the sense that it tends to be overshadowed in popularity and familiarity by its other well-known cousins – the RRSP and the TFSA. But we have […]

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Acquiring a First Time Home Loan | Money Savings

Acquiring a First Time Home Loan | Money Savings

| July 7, 2016 | 2 Comments

Obtaining your first home loan can be very exciting, as it means you finally get a house to call your own and don’t have to worry about paying rent any longer. However, the process of getting your first home loan may seem a bit daunting at first, since a lot of calculations to do to […]

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Self Employed? Your Tax Deadline Is Coming | Tax | Money Savings

| June 19, 2016 | 0 Comments

Frequently Asked Questions From The Self-Employed Do I really need to fill out a T2125? Yes. Even if you are a student with a summer job that paid you as a contractor, you should still report the income on a T2125 Form and claim reasonable business expenses. It may be tempting to enter the income on […]

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