How I Made My Move To Canada From The UK : The Saturday Weekend Review #178

HOW I MADE MY MOVE TO CANADA FROM THE UK

  THE BEST MOVE I EVER MADE WAS TO MY NEW HOME IN CANADA.   Living in Canada was never on my bucket list until I met the love of my life ten years ago while on vacation. Once I made my move to Canada I never looked back and still haven’t been back to the UK only because starting a new life in Canada has been hectic for the wife and I. Our years have been so busy for us in Canada that it’s taken me this long to get on my feet financially and in a career that I love after going back to school for a second time. Since coming to Canada and going back to school, starting a new career and having a baby we’ve also paid off our mortgage and are debt free. Life is good and we are thankful for everything. We do have plans to head back to the UK for a visit in 2017 but for now we will continue to live the Canadian dream or at least, our dream. As the stock markets tumble after the shock of the UK Referendum (Brexit) where voting determined that the UK was pulling out […]

The 2016 Federal Budget is in: What Does it Change for You?

THE 2016 Federal Budget

IT’S IMPORTANT TO UNDERSTAND DETAILS OF THE NEW BUDGET   The new Liberal government rolled out their 10 year spending and tax plans on Tuesday, March 22nd. In a nutshell, the 2016 Federal Budget focuses on putting more cash in the pockets of low and middle-income families and on improving the infrastructure in cities and in aboriginal regions. If you don’t have time or just don’t feel like reading through the 271 page document, here is a summary of a few key changes that will affect the majority of Canadians and may affect you if you fall in the category.   Are you in the “Middle-Class”?   The definition is a bit unclear, but the new budget benefits families earning less than $150,000 per year and individuals in the second tax bracket ($45,282 to $90,563). Most of the benefits in this budget have been targeted to the majority of Canadians who fall within that definition, and marginal tax rates were reduced by 1.5% at the end of 2015 for the second tax bracket. If your family income exceeds $150,000 or your individual income puts you in a higher tax bracket, then you will not benefit from most of these changes […]

Sexy Photo Fun Could End Up A Nightmare Of Revenge Porn – The Saturday Weekend Review #157

The Saturday Weekend Review logo

ONE OF THE EASIEST WAYS TO GO BROKE IS TO COMMIT A CRIME   What happens behind closed doors in an intimate relationship should stay closed. For those who feel wronged in a relationship or have other ulterior motives “revenge porn” may be their ticket to getting the last laugh or to cash in. It could also be the worst mistake mentally, physically and financially one could commit if they are caught in such a situation. Let’s not forget about the victim who has to suffer the consequences of their private life splattered on the web. It’s a horrible situation. The word “Porn” may be labelled a dirty word but it’s one of the biggest money-making industries in the world. Nobody wants to talk about it nor read about it but it’s everyday people who get caught up in crimes like revenge porn. Individuals who feel they have a power over someone with pornography need to understand that the consequences of their actions will not be tolerated by the law. It’s also important for parents to discuss topics like this with their teenage children because they know about sex whether you choose to believe it or not. Don’t get upset […]

3 Ways to prevent getting fired because of Social Media

3 ways to prevent getting fired because of social media

HOW MUCH IS SOCIAL MEDIA WORTH TO YOU?   It’s nothing new that people have lost their jobs because their employer found out or was notified about something posted on a social media account. Just imagine you are working towards a debt free life and a good retirement fund and all of a sudden you say the wrong thing on your social media account and you lose the career you worked so hard to get. It happens more often than you think. You can completely ignore any advice and say what you want because it’s your after all.  The problem is some people aren’t going to learn until they are getting the pink slip. Social media is not rocket science but your employer may still hold reign over you even when you are not working. What’s worse than being embarrassed about the job you have is being embarrassed when you are fired and it’s been made public because of your online actions. Your company’s reputation is always on the line, never forget that. Like the saying goes, “Common Sense isn’t so Common” which means there are always going to be people who make you scratch your head and wonder, “Why […]

10 Tips to find employment that suits your budget and lifestyle

10 tips to find employment to suit your budget and lifestyle(1)

HOT JOBS: ARE THEY HARD TO FIND?   Most people don’t want to work in a minimum wage job the rest of their lives. Having further education or skills should help people find meaningful employment that earns more money. Finding employment that will earn you enough money to balance your budget doesn’t have to be difficult as long as you follow simple rules to get you the dream job you deserve. You may not find full-time employment in your dream job instantly but that’s fine as long as you get your foot in the door. Right now I’m working part-time in my dream job and they’ve already asked if I’d be interested in full-time just 2 years later. So many people put off working an extra part-time job just to squeeze their way in but sometimes you have to give up something to get in the door. I had to give up having days off and spending time with my family but I know that it will benefit us in the long run when I can be home quite a bit more. The best part is I am earning a great income while doing this and it doesn’t even feel […]

Your Will And The Legal Ramifications Of Death

Will & Testament Photo

HOW DEATH WILL AFFECT YOU   When a loved one dies, the grief that follows is often overwhelming and difficult to bear. I know this feeling all too well as my stepfather passed away in 2013 after a COPD diagnosis and several recurrences of cancer. If you’re a surviving spouse or a very close relative, the responsibility may fall on you to oversee the funeral arrangements and burial or cremation rites. During this time of mourning, it isn’t likely to be a forethought whether or not the deceased had a will, significant assets or debts. Settling an estate cannot be delayed for long however. Regardless of whether the deceased lived alone or had a surviving spouse, someone will need to assume the great task of sorting through the person’s financial life and personal belongings. This is in order to meet the law’s requirements on the settling of an estate.   Last will and testament   Upon the death of the individual, one of the first questions that needs to be asked is if the deceased had a valid last will and testament. In Canada, there are commonly three types of wills used.   Formal Will:  this is a typed document […]

Not having one of the best paying jobs is embarrassing

low-paying job

NEVER GIVE UP ON YOUR LIFE   We all have dreams of graduating school and finding one of the best paying jobs around so we can get a kick-start on life because money is important just to survive. Last week we talked about a CBB fan whose financial success turned her friends towards jealousy and it happens because people give up on themselves and focus on what they wish they could have. My wife told me after she graduated the first time it was hard for her to find one of the best paying jobs in her field unless she moved into the heart of Toronto. Most often finding the rewarding careers means you literally have to seek them out. Not everyone is in a position to move to secure their passions but for those that move to the big cities to live out their dreams many of them end up going back home. Some people move to different countries after graduating just to gain valuable work experience then either stay, move on or move back to their hometown. Passion in life means doing what you love in hopes that one day you look back and are happy you took […]

What or who do you rely on to earn an income?

Bus schedule earn income

YOU ARE YOUR INCOME SOURCE   We all need to earn an income to survive in this crazy world. Many people jump in their vehicle or rely on other community services in the morning to go to work. Typical day… maybe. What would happen if there was no more bus service or our vehicle stopped running? I never gave much thought about who or what I rely on to earn an income until this past week. I think plenty of people worry more about whether they will keep their job over how they will get to their job and other so-called slight factors that would cause an impeding problem to their income. To call them slight would be a huge mistake. Many of us live life similar to everyone else who gets up in the morning, eats breakfast, showers, sorts the family out and is off to work. Of course depending on your work schedule that might not be the way it rolls in your household but you know what I mean. I remember posting that when my wife and I bought a house we bought it on one income so we had almost a free income to work with […]

For the cost of a stamp a disability tax credits application cost one couple $1629

Disability Tax credits

TAKE TIME TO DO RESEARCH   Applying for the Revenue Canada disability tax credit certificate was something I did to help our friends’ parents who paid more than they needed to. When someone doesn’t know how to do something they normally do research or call in the professionals to help them. Often you hear stories about how people were taken advantage of or how they paid far too much for a service they could have easily done themselves.   Over-priced services   My friends’ mother had not realized that she could claim disability tax credits until it was mentioned to her by her daughter. She wanted to claim for the 10 years previous so she could claim at least some of the money she had over-paid the government while working and looking after her very ill husband. Her mother had already tried accessing disability tax credits through a company that advertised online and charged her $1300 for the service to no avail. It reminded me of the time when my wife and I were filling out the immigration forms to become a permanent resident in Canada. You could hire a representative to complete the forms which you would need to […]