thebluntbeancounter.com
The Blunt Bean Counter: The Best of The Blunt Bean Counter - Dealing With the Canada Revenue Agency
http://www.thebluntbeancounter.com/2015/07/the-best-of-blunt-bean-counter-dealing.html
Monday, July 27, 2015. The Best of The Blunt Bean Counter - Dealing With the Canada Revenue Agency. Dealing With the Canada Revenue Agency. I discuss below, the six typical circumstances by which an individual may end up dealing with the CRA during the year. To report the additional income or claim the additional expense or credit. You would typically attach the receipt to the form and most of these requests are processed without further query from the CRA. The fourth circumstance is typically not pleasa...
thebluntbeancounter.com
The Blunt Bean Counter: Where Are The Assets
http://www.thebluntbeancounter.com/2011/02/where-are-assets.html
Tuesday, February 1, 2011. Where Are The Assets. If you died tomorrow, would your family and advisors know where your assets are and what assets you owned? I would suggest the answer in 50% or more cases would be a resounding no. Whether you are just negligent or lazy, your actions are selfish and you should immediately take steps to rectify the situation. Here is a link to a basic personal information checklist. Fore Means Golfer Beware. I have often wondered what happens if you hit someone on a golf co...
michaeljamesonmoney.com
Michael James on Money: Your Retirement Spending Plan is Critical
http://www.michaeljamesonmoney.com/2015/08/your-retirement-spending-plan-is.html
Michael James on Money. A quest for smarter saving, spending, and investing. Friday, August 7, 2015. Your Retirement Spending Plan is Critical. From a financial point of view, an adult life has two phases: pre- and post-retirement, or saving and spending. During the saving phase it’s possible to make some course corrections. However, mistakes in the spending phase can do permanent damage to your finances. Imagine your 70-year old self finding the advisor you starting working with when you were 35. Yo...
michaeljamesonmoney.com
Michael James on Money: Your Retirement Income Blueprint
http://www.michaeljamesonmoney.com/2015/07/your-retirement-income-blueprint.html
Michael James on Money. A quest for smarter saving, spending, and investing. Tuesday, July 28, 2015. Your Retirement Income Blueprint. Retirement advisor Daryl Diamond says that many financial advisors can help people accumulate wealth during their working years, but when it comes to planning how to create income during retirement, “advisors who are proficient in this area are not all that easy to find.” His book Your Retirement Income Blueprint. I won’t say more about this issue here. Diamond says ̶...
michaeljamesonmoney.com
Michael James on Money: Pound Foolish
http://www.michaeljamesonmoney.com/2015/07/pound-foolish.html
Michael James on Money. A quest for smarter saving, spending, and investing. Monday, July 6, 2015. In her book, Pound Foolish. Helaine Olen fulfills her promise of her sub-title Exposing the Dark Side of the Personal Finance Industry. It’s important to approach all big financial decisions carefully, and Olen shows us what awaits the unwary. The most interesting part of the book in my estimation was the detailed reporting on the financial seminar industry. In some cases free meals are used for “...There a...
michaeljamesonmoney.com
Michael James on Money: August 2015
http://www.michaeljamesonmoney.com/2015_08_01_archive.html
Michael James on Money. A quest for smarter saving, spending, and investing. Friday, August 28, 2015. Short Takes: Investment Pre-Mortem, Voluntary CPP, and more. Here are my posts for the past two weeks:. Reader Question: Market Participation Rate. What Happens to My CPP if I Die Early? Here are some short takes and some weekend reading:. Suggests a “pre-mortem” to assess your investments before the next panic. A Wealth of Common Sense. Takes a Louis C.K.-inspired poke at the excuses we use for ...Is am...
michaeljamesonmoney.com
Michael James on Money: Short Takes: Chinese Stock Interventions, Future of Robo-Advisors, and more
http://www.michaeljamesonmoney.com/2015/07/short-takes-chinese-stock-interventions.html
Michael James on Money. A quest for smarter saving, spending, and investing. Friday, July 17, 2015. Short Takes: Chinese Stock Interventions, Future of Robo-Advisors, and more. Here are my posts for the past two weeks:. 4% Rule Experiments Using Longevity Statistics. Another Take on Retirement Withdrawal Strategies. Here are some short takes and some weekend reading:. Brings us a thoughtful critique of robo-advisors and a look at their future. Say that Aeroplan rewards aren’t all that rewarding. Yeh, eve...
thebluntbeancounter.com
The Blunt Bean Counter: The CRA's Matching Program - Mismatch and You May be Assessed a 20% Penalty
http://www.thebluntbeancounter.com/2013/09/the-cras-matching-program-mismatch-and.html
Monday, September 9, 2013. The CRA's Matching Program - Mismatch and You May be Assessed a 20% Penalty. How can you be issued a 20% penalty for missing information the CRA has on hand? Read on and you will find out! This penalty applies to income tax information your employer or financial institution provided to the CRA which was not reported on your return. In most cases, the omission of income was purely unintentional. What is wrong with this picture? 1 The matching aspect. Under Subsection 163(1) of t...