Friday, July 30, 2010

Short Takes: Buying Tax Losses, Mortgage Pre-Payment Rules before Discharge, and more

1. Larry MacDonald described a scheme to eliminate your income taxes by buying tax losses from companies. Canadian Capitalist isn’t in a hurry to try it. I wouldn’t try this myself for fear that it would be disallowed for some reason, but it is interesting.

2. Canadian Mortgage Trends has some good advice about pre-paying a mortgage before discharging it.

3. Preet argues that when it comes to measuring the performance of mutual fund managers as stock-pickers, the index is too high a standard. His focus is on the manager’s stock-picking ability rather than whether the mutual fund in question is a good investment.

4. Canadian Financial DIY reviews the new taxwiki.ca.

5. The Money Gardener almost went for a clever approach to extended warranties at Sears.

6. Big Cajun Man got a good rant going about troubles with his PC MasterCard.

7. Million Dollar Journey addresses the question of whether students should contribute to an RRSP.

8. Money Smarts had an uplifting post about how work kills a piece of his soul every day. I’ve had days like that. I think my soul regenerates, though.

7 comments:

  1. I'm not in a hurry to buy tax losses either. For one thing, the promoters' appeals on their website to meet people at coffee shops and other places around Toronto put me on the wary side. They didn't have a business address, as far as I could see.

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  2. Thanks for the link. Have a nice long weekend!

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  3. Thanks for the mention and enjoy the long weekend!

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  4. Rant? Just because I said Expletive laden rant, doesn't make it a rant! Oh, wait a minute, yes it does,OK, have a swell weekend.

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  5. I'm not buying the claim because there is no actual process revealed to scrutiny yet. First, let's see the process, then we can judge for ourselves.

    Have a great long weekend!

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  6. Thanks for linking to our interview! Preet from Where Does All My Money Go was nice enough to suggest we do a podcast interview to address these issues so you can look forward to that sometime next week.

    @Larry: we meet our clients wherever is comfortable for both parties, in some cases the client does actually request to meet at a coffee shop.

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