May 2022

Spousal loans — a strategy to increase net worth & reduce income tax

If your spouse pays tax at a lower income tax rate than you, you may want to consider lending them money to invest so that the associated income is taxable at their marginal income tax rates. This is referred to as a spousal prescribed rate loan strategy.

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Visualizing all electric car models available in the U.S.

When it comes to purchasing electric cars, Americans have a few to choose from. Here’s a look at every electric vehicle sold in the U.S.

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The benefits of giving back

Canadians like to give back. About half of us contribute our time, energy and skills to organizations and groups while 84 percent of us donate money. In fact, in 2010, the average individual donation was about $446 per year. That translates into $10.6 billion dollars donated by Canadians every year.

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Why one horsepower is more than the power of one horse

The horsepower unit derives from a marketing gimmick devised by James Watt. When attempting to sell his newly invented steam engine in the 1770s, Watt realised that many of his customers would use the machine to replace horses, so he set out to measure the power delivered by a horse.

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10 steps to achieving work-life balance

The term work-life balance is often misunderstood to be the attainment of perfect equilibrium between our work obligations and personal lives and commitments.

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