Most of us know what calculator to use for that basic mortgage calculation—the amount you pay each month in relation to the home price, your amortization period and term and the prevailing interest rate. But what about those more complex calculations, such as the cost to break your mortgage or the ability to compare three…
Get a handle on the real cost of maintaining a home
A tap that leaks only one drop of water per second adds up to 10,000 litres of water lost over the course of a year — that’s the equivalent of 70 baths! True: the cost isn’t going to break the bank — about $30 per year — but the impact on pipes and sink fixtures…
Believe it or not, the top 10% of tax filers by income pay just 16% in taxes. Do they know something you don’t? Yes!
If you plan to own your vehicle for more than a couple of years, consider paying for an after-market rust-proofing spray.
When Jody bought his condo, he beat out a competing offer that was $10,000 higher. How? A little strategic psychology. Jody White is one happy man. Just before the holidays our resident web guru (he writes the Proving Grounds blog for MoneySense.ca) became the proud owner of his first condo. The amazing thing is that…
We all want financial advice we can trust, but finding it can be a nightmare. Our step-by-step guide will get you to the advice you need. We all want financial advice we can trust, but finding it can be a nightmare. Most of us have no idea where to look—and we’re often not sure what…
Liz and Phil Royal are a typical Canadian entrepreneurial couple: Close to retirement, oodles of retained earnings and no coherent plan for retirement. They are the prototypical case offered to the 100 registered financial planners who gathered for the sixth annual Institute of Advanced Financial Planners (IAFP) conference in September in Regina. To understand some…
According to the recently released Russell Active Manager report, 65% of large cap Canadian equity active managers beat the benchmark during the extreme volatility of the third quarter of 2008. According to the report, this is the highest rate of outperformance since the first quarter of 2007, with the number of active managers beating the…
Days before a potential “promise” by Liberal leader Stéphane Dion — that his new carbon-tax plan will not include an increase at the pumps — the CFA Institute has released 10 tips on becoming a socially responsible investor. The report, released on Tuesday, is based on the 2007 Report on Socially Responsible Investing Trends in…