MEET THAN, 2013 O/O OF THE YEAR – PART 1

Posted by Ravi Gulati | Posted in News of Interest | Posted on 28-11-2013

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MEET THAN, 2013 O/O OF THE YEAR – PART 1:Than Vermilyea, 2013 Truck News Owner/Operator of the Year, discusses how he got started in the business and why he chose to be an independent owner/operator.

Watch Video – MEET THAN, 2013 O/O OF THE YEAR – PART 1. – Truck News http://tinyurl.com/ndt2v2g

The crazy cost of daycare | Squawkfox

Posted by Ravi Gulati | Posted in Financial Planning, News of Interest | Posted on 23-10-2013

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Moving to Toronto made daycare so much more fun to afford since my daily rate is now set at $70 for a coveted spot. No more flat rate cheques for me — I now need an algorithmic approach to see the monthly budgetary damage. This is the math that makes working parents cry.

Toronto Childcare Cost:

Number of Weekdays X $70 = Total Monthly Daycare Cost

Monthly Cost: ~$1,517

Annual Cost: ~$18,200

Most months I pay around $1,517 for simple licensed childcare in Toronto — there’s nothing posh about this place, but it’s safe and clean and I like the staff. That’s around $18,200 per year, or all the after-tax money you thought you earned by working full time.

In 2012 the maximum child care income tax deduction was $7,000, and deemed “out of touch with reality” by Tammy Schirle, an Associate Professor of Economics at Wilfrid Laurier University……..

The monthly $100 Universal Child Care Benefit (UCCB) is adorable, really. I’m not shunning the C-Note — I’ve been known to stoop for smaller denominations — but if the UCCB is truly “designed to help Canadian families, as they try to balance work and family life, by supporting their child care choices through direct financial support” then it probably should aim to cover more than 1.4 days of daycare each month. Sorry, my math is too generous. The UCCB is taxable, you have to report it on your income taxes, so after tax it covers almost a single day of daycare in Toronto. Very helpful, thanks government guys.

The crazy cost of daycare | Squawkfox. – http://tinyurl.com/ozbfdro

How to deal with life as a widow: Roseman

Posted by Ravi Gulati | Posted in Financial Planning, News of Interest | Posted on 20-09-2013

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“There was no money to deal with his death. I had to dig myself out of a hole and create a new financial life.”………………..

“You need money to deal with a death. You have to be prepared and plan ahead.”……………….

How to deal with life as a widow: Roseman | Toronto Star.

Bitcoin ATMs coming to Canada

Posted by Ravi Gulati | Posted in Economy & Markets, News of Interest | Posted on 20-09-2013

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Bitcoins are mathematically generated through a series of commands executed by computers in a peer-to-peer network. The process is called Bitcoin “mining” and is set up so that the total number of Bitcoins that can ever be generated is limited to about 21 million.

While some have doubted Bitcoin’s validity and others have raised concerns that the unregulated currency is being used for nefarious means, a U.S. judge ruled last month that Bitcoin, which has been around since 2009, is a real currency.

Currently, acquiring Bitcoins is often done through an exchange, an arduous process that requires users to jump through several hoops, including linking their bank account to the exchange and sending in paperwork to verify their identity.

Bitcoin ATMs coming to Canada | AdvisorToClient.ca.