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Whether it’s tax time or not, taxes are often on the minds of Canadians. When it comes to our investments, this is also true. And while some accounts offer tax-free returns (TFSA), not all investment returns are taxed the same. Understanding how your investments are taxed can help you keep more of your hard-earned money in your pocket. In Canada, there are 2 main account types Canadians can invest in: registered accounts (such as the […]
The unfortunate side effect of high home prices in Canada tends to be high property taxes. In the City of Vancouver, the property tax rate is about 0.29% of your assessed home value. In the City of Ottawa it is even higher, at 1.14% of … Read morePaying Property Taxes with a Credit Card (A How-To) The post Paying Property Taxes with a Credit Card (A How-To) appeared first on Genymoney.ca.
When my husband and I were first looking for a venue for our wedding, his family was very persistent that we marry in the local country club where his brother and sister were married to their spouses. When I sat down with the wedding coordinator, my husband, and our families, the number came out to around $10-15K with the choice of a pasta bar for food. His family told me how affordable that was, while I […]
Last year Vanguard released the following paper and accompanying calculator: A ‘BETR’ [Break-Even Tax Rate] Approach to Roth Conversions by James Passman, Boris Wong, and Joel Dickson Roth Conversion Break-even Tax Rate Calculator The paper is excellent. The gist of the paper is essentially: People often think of the Roth conversion decision as a comparison of the tax rate they’d pay on the conversion, as compared to the future tax rate that would be paid […]
Investment process Superb businesses and Mr. Market Sometimes it’s useful to go back to basics. When I started investing just over 50 years ago, I read that over the long-haul stocks outperform bonds. Over the years, with all the ups and downs of the stock market, I’ve never had any reason to doubt that. My default asset allocation is 100% stocks. The last time I held bonds was from 1998 to 2002 when I went […]
Image Source: Shutterstock For thousands of Texas seniors, the new year has brought a shocking surprise in the mailbox. As the January 31, 2026 deadline to pay property taxes approaches, homeowners are opening their bills to find that their over-65 protections, specifically the critical tax ceiling that freezes school taxes, have vanished. The result is a bill that has suddenly jumped by thousands of dollars, leaving retirees on fixed incomes scrambling days before the payment […]
Tax season doesn’t have to mean stress, confusion, or expensive accountant bills. If you’re willing to file your own taxes but want expert-level support without the premium price tag, H&R Block’s online filing platform delivers professional guidance at accessible prices…. Source
Maximizing your retirement savings means not just contributing regularly, but also knowing how and when to withdraw those funds effectively. As one of the pillars of Canadian retirement planning, Registered Retirement Savings Plans (RRSPs) are designed to offer significant tax benefits, provided you follow the right strategies. Navigating RRSP withdrawal rules and taxes is crucial, as improper withdrawals can lead to hefty tax bills that erode your hard-earned nest egg. Withdrawals from your RRSP are […]
When my in-laws moved to a different state, the real challenge came when we cleaned out their garage and started minimizing stuff for the move. “Where do you want me to start,” I asked my mother-in-law while looking at her very packed garage. She thought for a while and spent a good ten minutes telling what not to touch. I couldn’t touch those vintage items because she was going to get appraised. I couldn’t touch […]
Too late for me to say ‘Happy New Year’ but I hope everyone had a good one. Apologies for the lateness of this post but going back to work was a shock to the system so I’ve been very reluctant … Continue reading → The post December 2025 Savings, plus round up appeared first on Quietly Saving.
People worry about taxation in retirement. In particular, they worry about the taxation of required minimum distributions (RMDs), especially after the death of a spouse. Widows find themselves in the single tax brackets after decades of enjoying the more favorable married filing jointly tax brackets. Widows and widowers finding themselves as single taxpayers is often […]