Generating Income While Not Working

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If you’re in work, it can be all too easy to take your income for granted. You work for five days a week, accept a weekly or monthly wage and spend what you can afford on food, energy, shelter and even a few luxuries to reward yourself for all your effort. However, if this income […]

What Income Level Do You Consider Rich?

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Last week I wrote a post called, “Money Will Change You” which talked primarily about how the more we earn, the more our desire changes. For example, if you enjoy cars (like I do), you won’t want to be driving the same old Honda Civic when you get to earning a six figure income vs. […]

I Filed My Taxes, I’m Owing and I’m OK With That!

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This  weekend I got around to completing my taxes, and without much surprise I’m owning the government $1,800 in taxes. You may think that I’m nuts for liking the fact that I owe the government taxes, but I’m okay with that idea. Hopefully all of you are on pace to wrap up your taxes before […]

Rich Are Never Rich Enough

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What can you do with $196K annually? That’s the question of the day. Earning $196K per year is a nice chunk of change and definitely puts you in the so-called One Per Cent—the top one per cent of income earners in Canada according to the latest Statistics Canada numbers.  To break down the $196,000 annual […]

Stash Your Cash: TFSA or RRSP

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March 29th, 2012 is the the last day to contribute to your RRSP, and with only nine days are left before the contribution, it’s crunch time for most. It’s been four years, since the Federal Government introduced the Tax-Free Savings Accounts (TFSA), and the endless debate continues on whether a Registered Retirement Savings Plan (RRSP) […]