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In Defense of Active Investing

This post is from Ryan Modesto, Managing Partner at 5i Research, a fan of My Own Advisor. Momentum behind passive investing continues to gain steam and with it, a large and vocal group of supporters has been building.  The passive versus active investing debate has been going on for some time and holds a similar degree of rivalry as the Toronto Maple Leafs versus the Montreal Canadiens or Peyton Manning versus Tom Brady. But as of late, it seems like passive investors have been gaining an edge, edging out the voice of active investors, chasing ...

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Weekend Reading

Weekend Reading – Dividend hikes, RRSPs, mortgages, CPP, OAS and more

Welcome to some fine Weekend Reading folks, some of the best articles from the personal finance and investing blogosphere. Earlier this week, I reminded everyone the RRSP is a powerful savings vehicle and I shared some tax tips I think every Canadian should know about this tax season. Enjoy these articles over your weekend and see you here again in early March! In dividend news: Coca-Cola (KO) boosted its quarterly dividend by 8%. Emera (EMA) increased their dividend by 3.2%. Royal Bank (RY) increased their dividend by 3%. TD Bank (TD) bumped their ...

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TurboTax 2014

Tax tips every Canadian should know about

Welcome to tax season folks!  This season is not nearly as exciting as spring and probably not as exciting as the NHL playoffs (my Sens are out of the picture unfortunately…) but a season nonetheless.  Submitting your tax return is one thing.  Making sure you include all the important deductions to avoid leaving money on the table is quite another.  Today’s post will list a few tax tips I think every Canadian should know about this year. Charitable donations Be sure to find your tax receipts from eligible charity donations made throughout ...

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RRSP

The RRSP is a powerful savings vehicle

With “RRSP season” in full swing I thought I would remind you why the RRSP is a powerful savings vehicle, why you might want to take advantage of it, and share what our longer term game plan for this account is. RRSP Facts The maximum RRSP contribution limit for 2014 is $24,270 (comparing to the last year, 2013, $450 of RRSP limit has been increased for the year 2014). However, if you did not use all of your RRSP contribution limit for the years 1991-2013, you can carry forward the unused amount to 2014.  So, your RRSP contribution ...

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Weekend Reading

Weekend Reading – Killing mortgages, Ponzi schemes, books for investors and more

Welcome to some fine Weekend Reading folks. Earlier this week I mentioned there are far worse problems to have in retirement than this and I shared this milestone about our retirement plan.  By the way, I continue to be done with winter weather here in Ottawa.  At the time of this post it is -31 degrees Celsius with the windchill.  I suppose it could be worse – there is only warm beer to drink in the house Don’t forget to enter my TurboTax Canada giveaway – I’ve got six online codes to giveaway this year!  Next week I’ll ...

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