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Meet Toronto’s financial adviser taking care of NHL players’ big bucks May 28th
Blunt-talking Chris Moynes has seen athletes burn through millions and end up bankrupt. ‘My mantra is: Don’t let it happen to you. Don’t go broke’.... More »
BC government announces new wildfire prevention program focused on First Nations and local governments - Globalnews.ca + MORE Sep 11th
Globalnews.caBC government announces new wildfire prevention program focused on First Nations and local governmentsGlobalnews.caThe provincial government is boosting funding and scrapping cost-sharing requirements for local governments and First Nations to help reduce wildfire risks around their com.... More »
The best high-interest savings accounts in Canada for 2026 + MORE Mar 16th
Savings comparison tool
Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance.
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The best GIC rates in Canada for 2026 + MORE Mar 30th
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
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MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
Toronto real estate prices entrepreneurs out of the market + MORE May 28th
Businesses find unexpected opportunities and room to expand in smaller towns in the Greater Golden Horseshoe
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2017 Financial Goals – March Update
– myownadvisor.ca
Save, invest, prosper with My Own Advisor.In my previous update, outlining our 2017 financial goals, I told you my wife and I decided a long time ago we needed some financial goals defined so we have a hope of realizing them. Nothing has changed…
Our money goals for 2017 are rather simple but also aggressive – we’re striving to cover basic living expenses from dividend income eventually.
In today’s dollars, here’s a list of expenses we hope dividend income will cover within 10 years, by age 50 if possible:
Property taxes ($4,200 per year)
Home utilities (heat, hydro, water, internet, cable; cell phones up to $7,800 per year)
Home maintenance ($4,800 per year)
Home insurance (at least $1,500 per year)
Food and household supplies (up to $11,000 per year)
Healthcare needs (various).
When we do the math that’s about $30,000 per year to cover these expenses. Not cheap. But we’re on our way to realizing this goal – in fact – we’re almost halfway there!
The Plan
To earn $30,000 in dividend income, we’ve decided to invest in a number of Canadian and U…
Parka maker Canada Goose raising $340-million in IPO
– theglobeandmail.com
The parka maker is becoming the third Canadian consumer brand to go public since last October
