Income Tax Is Like A Four Letter Word

Image Courtesty of Grant Cochrane /Freedigitalphotos.net Income Tax for some people is like a four letter word, they just don’t want to hear it, and dread the April 30th, 2013 deadline we have here in Canada to file a personal income tax return. But it does not need to be like that. I have prepared and  been filing personal and small business tax returns for over 15 years. What started for me as a seasonal job, with H&R Block to supplement my regular income, has turned into a small business.  I find it incredibly rewarding when I help people take advantage of all tax credits that are available to their families. From arts and sports credits for kids, to home improvement credits for seniors, there are many credits people don’t think of when filing their taxes. Tax Credits Tip: Did you know that if your Grandmother needs a shower bar in her bathroom, that she can get a tax credit for having it installed? If you need to have your home wheel chair accessible, there is a credit for that too. Most people know of the “popular” tax credits, medical, rent, property taxes, and childcare. What they may not realize […]

December 2012 Canadian Budget Binder Budget Update

What happened in December in the CBB House?  Christmas and New Years have come and gone and now the bills are going to come piling in. Like many others December is a busy month for our budget although we do somewhat prepare for these expenses. We did go over in some categories like clothing for example where Mrs.CBB needed a new winter jacket and pair of winter boots. Both of which we were able to score for %50 off and they are a great quality product. Sometimes it’s worth waiting for those great boxing day sales in Canada. You can actually take that expense of $247.97 and double it and $495.94 would have been what we would have spent if not for the sales. Our gas was up slightly this month, not over budget but we spent more because we had to travel for the holidays. We also paid a bit more on the mortgage this month to make it an even $154,000 that is left to pay. Yes we have had the cash to pay that in full since last month. I’ll be talking more about this in the next little while. If you live in Ontario you know that […]

Merry Christmas To All!

Merry Christmas to all the fans who read and follow Canadian Budget Binder. I know today is supposed to be The Grocery Game Challenge but SURPRISE I’m bumping that post to tomorrow. Actually a few of my posts will be different this week as I have a special post slated for Friday so my blog post picks will be on Thursday. FREE GIVEAWAY!! Don’t forget to ENTER the $100 CASH GIVEAWAY that I am co-hosting. Open to USA and Canada or as long as you have PayPal. Giveaway ends on December 28,2012~ Contest is now closed. I just wanted to take a moment today to thank each and every one of you that reads Canadian Budget Binder. I put a lot of effort into making this a fun, informative environment where we all learn from each other’s successes and defeats. Canadian Budget Binder will be coming up for its one year anniversary soon and I’m thrilled to see how fast we continue to grow. I really wanted to do something special so if you don’t already know the blog will be going through a re-design for the new year. I want to continue to champion this site to grow and it’s with your […]

Mr.CBB’s Blog Post Picks- Dec 21,2012- Christmas, Immigration and Miss Universe

Mr.CBB’s Top Blog Post Picks of the Week Well the countdown to Christmas is on and we are ready to drink up and eat until we no longer can look at food. No, we really don’t eat that much but we sure do indulge as it’s the one time of year we can eat foods that we don’t normally have in the house. Don’t worry I won’t bore you with all that end of the world crap you are reading today. Rather let’s focus on the what we DO know. As we move forward towards the end of 2012 we remember all the losses and all the victories we have had in this world. Keep them close to your heart and always remember them. Miss.Universe Crown comes home to the USA yesterday to American Olivia Culpo. I’m not sure how I feel about these pageants as I clearly don’t watch them nor do any other men I know. I sometimes wonder if it truly is to motivate women to be the best they can be and never give up. What are your feelings about these pageants and are they a good idea? I don’t know if there’s a men’s pageant but if […]

CBB Net Worth Update~November 2012

I can’t believe November has come and gone so quickly, now it’s time to get into the festive mode and thinking about our yearly goals for 2013. By posting our CBB Family Net Worth and Budget Update once a month here is a means to motivate ourselves to continue down our financial path. We are a Canadian couple who make an average salary and want to know where we stand each month. We want others to know that you don’t have to make 6 figures to have a Net Worth. There’s no race to the finish line because no one really knows where that line is. You could die tomorrow or you may live until you are 110 years old. What does Individual Net Worth mean? Net Worth is a snap shot of your financial health sort of like a picture. It’s a total of the value of your assets minus your liabilities. Posting our financial numbers is about showing others how budgeting has worked for us. Who’s the Man behind Canadian Budget Binder? My name is Mr. CBB and I’m the frugal guy that does all the talking around here. Yes, some women think Frugal Men are Sexy and I’m here to show you how to spot one! Well not really but I’m sure you will […]

Canadian Budget Binder-The Saturday Weekend Review #2

Mr.CBB’s  Saturday Weekend Review Saturday comes so fast and for some it’s the weekend of fun and pleasure and for others like me it’s a bit of both work and pleasure.  With Hurricane Sandy in the midst we brace for a wet weekend and upcoming week. Canadian Hurricane Centre says we won’t see the worst of  Sandy until next week when it hits us in Ontario. Lots of rain already, and it still keeps on coming. This past week I was back in the yard hopefully for the last clean up of the year. You know when you get your lawn looking just right, no leaves then a gale of wind comes and dumps another load. Well, that’s how my lawn looked a couple of days after all the work I did the previous week. Meh, I’m never going to get through my to-do list but at least I’m doing it. The Welfare Food Challenge is over but The Grocery Game Challenge I hold each Tuesday is still on. We continue to eat some amazing food here in the CBB home that doesn’t cost alot out-of-pocket like ginger lemon mushroom chow mein noodles topped with lemon pepper fish. Keep checking in each Sunday as I […]

Mr.CBB’s Weekly Blog Post Picks Oct 26,2012

Each Friday I will Blog Mr.CBB’s Blog Post Picks of The Week. This may include posts and shares from Friday Previous up until Thursday the following week. I like to recognize those sites that genuinely enjoy the content of my blog and share it. I can’t believe it’s Friday already. It seems the more work I start doing outside and around the house the faster the week passes by. You can read what I’ve been up to each week at home and the blog each Saturday now with my new featured post “The Saturday Weekend Review“. Alternatively I would rather spend my time exploring the world with the lovely Mrs.CBB then cleaning the house. So,  unless I win this weekends Lotto MAX at $50 million, then that’s not likely to happen. This week has been a super busy week at the blog and as the blog grows so does the time it takes to get through all the emails and the social media mentions. I’m enjoying the new people I’m making friends with as I realize that learning from each other is more important to me than anything else. This week as you will see below I did plenty of  reading and commenting on […]

Canadian Budget Binder- The Saturday Weekend Review #1

Mr.CBB’s  Saturday Weekend Review Well, if you don’t already know I’ve participated this week in the B.C Welfare Food Challenge. This week has certainly been an eye opener for Mrs.CBB and I and I will have a final report about how this week went for us next week. I’ve just started to post some photos of the food I created from my $26 grocery budget for 1 on my Facebook page in the photos album so check them out. I’ve also finished putting up the Christmas lights however I’m still stuck trying to find one small string to finish it off. I might as well say stuff it for this year as I don’t fancy spending more money on an additional 8ft of lights than I did on the other boxes I bought end of season. We purchased our pumpkin for Halloween and it’s a small one but it’s just perfect. I’ll be the one in charge of the carving but I’m not one of those fancy carvers I just give it the ol’ 1,2,3 and stick a candle inside. I’ll post a picture after I have a stab at it and show you the results next week! What do […]