My latest MoneySense column in the print edition of the magazine is now available online, entitled 5 Money Secrets to a Happy Retirement. Click on the link for the full column but note that Wes Moss is no stranger to the Financial Independence Hub.
Several of the books mentioned in the column, or books like them, have been featured here in the Hub’s Review section. They include (with links to the Hub reviews): Continue Reading…
One in five Canadians are scrambling to make this year’s tax-filing deadline, which is now just four days away.
You probably don’t need this site to remind you that the deadline is midnight this Thursday: April 30, 2015 is the last day for most Canadians to file their 2014 tax returns. (The American tax-filing deadline of April 15th has already come and gone).
According to an H&R Block survey, Canadians are master procrastinators when it comes to taxes. And the tax preparation firm is offering a free online solution to those same procrastinating filers.
3% won’t make the deadline
The survey revealed that one in five Canadians say they file just in time, with 3% saying they miss the deadline altogether. Who are the worst offenders?Continue Reading…
Judging by the post-budget media coverage, Tax-free Savings Accounts or TFSAs are now a household name. Little wonder, with nearly 11 million Canadians enrolled in them. (For any American readers, the TFSA is the equivalent of Roth plans: no tax deduction going in but no tax going out. The TFSA was introduced in Canada in January 2009).
Seeing as the TFSA is shaping up to be a major political issue, this topic won’t be going away any time soon. On Twitter following the budget, I highlighted several note-worthy pieces that touch either on the mechanics of the new $10,000 TFSA limit, the political implications or both.
It is no longer a universal vision to work towards having a better retired life. Instead, everyone is trying to achieve financial security or independence. This means you should have sufficient resources so you can choose whether or not to work on a daily basis; or, you can choose work where you’ll get complete job satisfaction, instead of worrying about the amount of your monthly paycheck. Here’s a discussion about why you need to work towards having financial independence or “findependence,” and how you can achieve it.
Why should you make Findependence your ultimate goal?