Articles

Canada’s Income Tax Act is an inefficient mess that needs to be radically reformed. It’s too complicated.  There are 40,000 employees at the Canada Revenue Agency. Based on Canada’s population versus the United States, we employ five times more people collecting tax than our American neighbour, on a per capita basis.  A simplified method of … Canada’s Income Tax Act Needs Reform

Sound investment strategies are based on long-term realities, not short-term fads. Unfortunately, human nature can make speculating and guessing too resistible to refuse. In reality, investing is not guesswork. Over the years I have had the opportunity to listen toNobel laureate Eugene Fama speak at investment conferences. Many regard Professor Fama as the person who … Avoid Investment Fads

Canadians who receive an unexpected financial windfall adjust their financial priorities. Last December BMO Financial Group released a report titled A Sudden Windfall: A Blessing Not a Burden.The report revealed that before receiving a windfall a little over half of surveyed Canadians aged 35 and over stated that achieving a desired lifestyle during retirement was … Windfall Funds Change Financial Priorities

Sometimes business practices hurt. Just ask the people who work for General Motors in Oshawa. Due to GM’s global restructuring, by the end of this year the Oshawa plant will close, leaving 2,500 employees out of work. And, in a ripple effect, an additional 15,000 jobs will be affected in the auto supply industry.  Some … A lesson from Oshawa: Plan for the unexpected

  Friday, March 8 is International Women’s Day. This annual event provides an opportunity to celebrate woman’s achievements, their empowerment, and to promote gender equality. International Women’s Day grew out of labour movement activities across North America and Europe at the turn of the 20thcentury and was recognized by the United Nations in 1975. Women … March 8 is International Women’s Day

There is both good news and bad news when it comes to investments. Sometimes stock values increase and sometimes they decrease. To start, let’s consider the reality of investing. The expected returns on stocks are far higher than bonds. If you are a long-term investor and your sole objective is a high return, then stocks … Market volatility and investment expectations