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[…]
One topic that is often close to home (apologies for the pun) for many of our readers is that of housing prices. In a a city such as Calgary that is often abuzz with headlines related to the energy sector, there is a natural and logical desire to connect the fate of the oil and Read more about Thoughts on Calgary Real Estate in 2015[…]
Merry Christmas and Happy New Year to our readers! What could be a better holiday present than additional contribution room so you can earn tax free returns on your investments? We would like to take this opportunity to remind our readers, that as of January 1, 2015, those of you that are 18* and over Read more about TFSA Contribution Room Increase[…]
In recent blog posts we touched on Term Life Insurance and Permanent Life Insurance, both of which are intended to compensate the purchaser in the event of an untimely death. However, for those without a defined benefit pension plan (most people), running out of money in retirement, or longevity risk is a valid concern. Annuities Read more about Annuities[…]