How Much Do You Pay in Payroll and Income Taxes? Here’s an Overview of Canada’s Income and Payroll Taxes for 2012, by Province


I’m going to have to pay myself a salary soon, and I’ve been learning a lot about the different taxes that one has to pay, both on the employer and the employee side of the equation! Canada has always been known for having a relatively high level of taxation, but as I’ll soon show you,… [Read More]

Getting Screwed Out of Your Hard-Earned Capital: How CDs and GICs Are Rip-Offs for Long-term Investing


  Is there such a thing as a guaranteed rate of return? There seems to be a trend for people to “flock to safety” by buying certificates of deposit (CDs) or their Canadian equivalent, guaranteed investment certificates (GICs). There is no risk if a capital loss, at least in nominal terms.   However, money is… [Read More]

Canada’s New Budget: A Paradigm Shift – Although a Small One


The following post is by staff writer Teacher Man, who writes at My University Money. While the budget that was announced last week wasn’t exactly revolutionary (despite what political spinsters on either side might have you believe) I believe that it was a small step in an overall paradigm shift that is subtly taking shape… [Read More]

The 3 Stages of Financial Freedom


Last week, I talked about the three stages of financial despair. We all want to get out of the rat race, but before we get there, we need to get out of the hole and onto level ground. Financial freedom Financial independence is one of my life-long dreams. I don’t really believe in the “traditional… [Read More]

Comparative Advantage: I Hired Two Fellow Bloggers, and It Was a Great Decision!


There is a concept in economics known as comparative advantage. The idea is that we are better off by specializing in the things that we are good at, and trading with others for the things that they are good at. We’re all better off as a result. It doesn’t even matter if one person is better than… [Read More]