Guiding you along your financial journey
Stock Options are a popular way for companies, especially startups, to compensate their employees. Although there is no guarantee of the success of a company, by fully understanding your stock options and specifically, the tax implications associated with them, you can avoid making common (and big) mistakes that can cost you thousands of dollars.
Last month we published a post comparing Zipcar, Car2go and Car Ownership, in which the car ownership option was a brand new car. We received some great feedback, and one of the requests was to compare a used car with longer trips. So – here it is. This time, we’re assuming you primarily need a car for weekend getaways. And instead […]
According to the SPCA, the average cost per year to care for a small dog is approximately $1,300 and for a cat is $1,000*. Unsurprisingly, the high cost of pet care is one of the top five reasons people give up their pets. Fortunately, there are some simple steps that smart pet owners can take to reduce their costs. Here are […]
Last year, Canadians lost an incredible $70-million to money scams – which was an increase of $17 million compared to the year before. According to the Canadian Anti-Fraud Center, this number only accounts for 5 percent of those affected – so the real size of this problem is huge, and growing. With this in mind, I want to share with […]
Ten years ago, car sharing meant jumping into the passenger seat of your friend’s ride. Today, it means you have the ability to drive yourself, without the ongoing responsibilities of car ownership. As someone who doesn’t live in the same area as I work, I was an eager adopter for the convenience of the carsharing model. But having considered purchasing a car in the […]
The vast majority of parents want their children to get a post-secondary education but recent numbers suggest they’re not backing it up with financial support. In a survey conducted by the Globe and Mail last year, more than 1,500 Millennials aged 15-33 were asked if their parents used money saved in an RESP to help pay for their college or university […]
By learning how to shop smart and spot the best deals in the grocery store, you can reduce your grocery bill substantially. Surprisingly, this is relatively simple to do. The secret lies in knowing where to go and knowing what to look for when you get there. Here are five simple tips you can implement right away to help you spend […]
The secret to building wealth when you’re young lies in your ability to: Build good habits. Maintain a frugal lifestyle for a number of years. Make your money work for you. The younger you are, the better chance you have of building up a large sum of money for retirement, since you have one huge advantage over the older generation: time.
