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April 27, 2012
- Masters of Money
Raising Kids Can Be “Taxing”!
Raising kids is expensive. According to some estimates, the cost of raising a child in Canada from birth to adulthood ranges from $193,000 to $250,000. Fortunately, there are plenty of tax breaks for families with children that will help lower your taxes. The first three I will describe are non-refundable tax credits – they can only be used against taxes otherwise owing. MORE
Tagged Deductions, Fees, Kids, Taxes
April 20, 2012
- Masters of Money
Would You Buy a $1,000 Stroller?
That’s how much they wanted for the bright red, high-tech Bugaboo stroller my husband and I were admiring at the baby store. Back then, I was pregnant with our first child and we were out stroller shopping (back in the days when we took a full night’s sleep for granted). We ended up walking away and going with a cheaper option. But it’s really easy to get lured into buying a designer stroller for your first baby — after all, you want everything to be perfect. MORE
Tagged Baby, Children, Costs, Family, Stroller
April 17, 2012
- Masters of Money
Self-Employment: How Do I Structure My New Business?
When you start a new business, you can structure it as a sole proprietorship, partnership or as a corporation. The simplest is a sole proprietorship – an unincorporated business with one owner. You make all the decisions, receive all the income and claim all the losses. You also carry all the risk of the business, and liability for the business extends to your personal assets. MORE
Tagged Corporation, Proprietorship, Self-Employment, Taxes
April 13, 2012
- Masters of Money
Investing in your 30s
Rob Carrick offers up thirty questions every 30-something investor should ask themselves before making any investing decisions. MORE
Tagged 30-something, Dividends, Investing, resp
April 10, 2012
- Masters of Money
Is Your Savings Account Making You Poorer?
During the 2008 financial crisis, a friend of mine pulled all of his money out of stocks and put it in the bank. Spooked by crazy markets, he decided the safest place to stick his money was in a nice tidy savings account. Well, actually he was wrong. MORE
Tagged Account, Inflation, retirement, savings
