Torontoist: Saverist: Stop Losses

Jaime Woo

Fri, 28 Mar 2008 12:23:01 -0500

Jaime Woo

Fri, 28 Mar 2008 12:14:23 -0500

Thanks for the kind comments, everyone. As requested, Torontoist will introduce a new money column tentatively called "Saverist." It'll appear the last Wednesday of each month. The next edition in April will coincidentally fall on the day tax returns are due!

greatcop

Thu, 27 Mar 2008 18:53:55 -0500

I never used it (I totally woulda if I knew about it), but I read on a messageboard the other day about Studio Tax, a Netfile-certified program that's completely free regardless of your income....

Spicoli

Thu, 27 Mar 2008 18:52:56 -0500

I second that opinion Ling. Everyone benefits from a post like this.

tyrannosaurus_rek

Thu, 27 Mar 2008 17:09:23 -0500

I remember reading or watching something about Yanks who stopped paying income tax because, as it turned out, it's unconstitutional or not legally enforceable or something along those lines. Any chance we have such a loophole here?

Ling

Thu, 27 Mar 2008 16:46:23 -0500

This was a great article, as was the one on the Tax Free Savings Accounts. They were both well researched and well written. I hope you turn this into a regular feature! Moneyist? Financialist?

Jaime Woo

Thu, 27 Mar 2008 16:03:09 -0500

Great tips, Daniel, and thanks for the catch, Ken. I'm always surprised when people assume the only way to make money is to work more, rather than looking at ways to maximize their current finances.

Amanda Buckiewicz

Thu, 27 Mar 2008 15:54:51 -0500

Oh crap, I still have to do them taxes. Thanks for the tips!

Ken C

Thu, 27 Mar 2008 15:47:15 -0500

Not all students are members of the Canadian Federation of Students. Here's the CFS membership list: http://www.cfsontario.ca/english/about-4.php#ON But the free UFile promotional code is easy to find. It's FAY1493. The catch is you have to include college or university tuition fees in your claim to use the code.

DanielQuinn

Thu, 27 Mar 2008 15:43:36 -0500

I'd just like to throw in two additional tidbits here:Getting a real accountant is never a bad idea. For about $200, most accountants will make sure you always get back at least $400. My last return was $1200 and I didn't put a nickel into RRSPsRRSPs are often ethically dubious. Sure you might be guaranteed a reasonable return, but for all the concern so many people put into things like energy policy, the environment and public health, we all too often ignore these points when it comes to our investments. If you're going to make a point of pressuring our government to lay off the fossil fuels, it might be best to look at your investment portfolio lest you be branded a hypocrite.