It is useful to make the distinction between real and nominal values as these concepts are intrinsically related to inflation and used in the financial plans that we build at Exponeta Financial. In addition, these concepts are frequently encountered in economic and financial data sets. At a high level, nominal values include inflation, and real Read more about Real vs. Nominal Values[…]
In previous articles we traced the development of money from ancient barter systems to modern day fiat currency. One of the unavoidable realities of money throughout history is that as its supply increases, its value per unit decreases. This is the fundamental principle behind inflation which will be described in this article. Definition Inflation is Read more about Inflation[…]
In this series we have reviewed the development of money from barter systems to commodity money to bank notes and representative money. In this final entry, we will discuss modern day fiat currency. Definition A brief definition is in order before proceeding further: Fiat: a formal authorization or proposition; a decree an arbitrary order Origin: Read more about The History of Money – Part V[…]
So far in this series we have traced the history of money from simple barter systems to commodity money. This article will discuss further advances to the monetary system such as paper money, trade bills, and banknotes. Paper Money The concept of paper money originated in the Song Dynasty in China in the 11th century, Read more about The History of Money – Part IV[…]
In most investing literature, the fixed income component of a portfolio is assumed to take the form of bonds. For accounts that do not possess a sufficient net worth (for example more than $500,000), it is usually difficult to sufficiently diversify across various issuers of bonds, so many investors have turned bond funds for convenience. Read more about Fixed Income Options[…]
The biggest loan most of us will ever have is the mortgage. In the United States, interest on mortgage loans is tax deductible, but in Canada it is not. However, investment loans are tax deductible, and there are ways to take advantage of this. Read on for details… Interest on Investment Loans When the government Read more about Tax Deductibility of Mortgage Interest[…]
We would like to remind our readers that your 2014 Canadian tax returns typically need to be filed on or before April 30, 2015. Please contact CJ Capital if you have any questions related to filing your tax return, such as capital gains taxes, taxation of interest income, etc.
This post is of a more theoretical nature, rather than practical advice. Let us know in the comments or via e-mail if you would like more posts like this in the future. As the public becomes more financially educated, there is bound to be a greater amount of individual investment in the stock market. After Read more about Are There Enough Investments for Everyone?[…]
As you probably read in any Canadian financial news source, the Bank of Canada decreased its prime lending rate by 0.25%. This was unexpected, but was explained as a move to stimulate the economy following a decrease in revenue from the oil and gas sector. How does this affect you? Read of for details… Bond Read more about The Falling Prime Rate[…]
At this time of year, there are advertisements from every financial institution reminding you that the RRSP deadline is March 2nd, 2015. Normally it would be March 1st, but that day falls on a weekend this year, so the deadline is extended to the next weekday. If you haven’t already, we encourage you to read Read more about RRSP Deadline: March 2nd[…]