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How do you take RDSP withdrawals? + MORE Jun 12th
Registered disability savings plans (RDSPs) were created in the 2007 federal budget, and the first accounts were opened in December 2008. It took a while for financial institutions to offer them and, even now, you cannot open RDSPs everywhere.
Most Canadians with RDSPs have only ever deposi.... More »
$4.6-billion power station to supply data centre near Edmonton gets green light - Financial Post Jul 2nd
$4.6-billion power station to supply data centre near Edmonton gets green light Financial PostCounty north of Edmonton approved to host energy generator for potential AI data centre CTV NewsPembina, partners go ahead with gas plant for data centre north of Edmonton C.... More »
7.4-magnitude earthquake strikes Colombia, killing at least 47 and trapping people in collapsed buildings - CBC Aug 10th
7.4-magnitude earthquake strikes Colombia, killing at least 47 and trapping people in collapsed buildings CBCOutside Source | Buildings collapse after earthquake in Colombia BBCMore than 70 dead after powerful earthquake strikes western Colombia The GuardianColombian.... More »
Does crypto belong in a Canadian wealth portfolio? Jul 7th
Should you consider adding bitcoin (BTC), ethereum (ETH), or other cryptocurrencies to your investment portfolio? For long-term investors who can tolerate significant volatility, a small allocation—sometimes around 5%—is increasingly part of the conversation.
Crypto’s appeal lies in its gro.... More »
Sotheby’s Big T. Rex Auction Raises Concerns Hype and Wealth Are Upending Science - WIRED Jul 14th
Sotheby’s Big T. Rex Auction Raises Concerns Hype and Wealth Are Upending Science WIREDSale of multimillion-dollar T rex skeleton is big headache for scientists The GuardianA T. rex found in South Dakota could smash auction records — and possibly disappear forever &nbs.... More »
Renting out your home can bring cash—and complications
– moneysense.ca
If you search “Airbnb how to get started” you’ll reach their splash page with a big number. As of May in Toronto, Airbnb says you can make more than $4,000 per month during the FIFA World Cup. It’s a powerful lure for someone who needs help with their rent or mortgage, and has a spare room to offer. But whether it’s Airbnb, Vrbo, booking.com, or another home rental platform, Laura Whiteland, financial planner and owner of Inclusive Financial Planning in Truro, N.S., says prospective short-term landlords should go into the business agreement with open eyes.
“[Airbnb’s] product is not what you’re selling—they’re selling the services of the website, so they’re not in the same business you are going into,” Whiteland said. “You’re the product in that scenario, because they need accommodations. That’s how they generate their revenue. So you’re being sold and you need to be honest with yourself about that, too.”
Know the rules before you rent
In her experience working with clients who have any kind of rental business, it’s always more challenging than they expected…
