Want to save on airfare?

Five million Canadians have already figured out how to save money on airfare – cross the border.  Every year, millions plan to cross the border into the United States for cheaper flights.  Because of the issues surrounding the Canadian airline industry, people are gravitating to the United States for flights. 1 million more travelers used U.S. airlines in 2011 than in 2010, according to the…

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“Now, don’t spend it all in one place…” Things to consider before spending your tax return

In a previous post, we talked about some great tips for saving money on your tax return.  Now that you have saved all that money, you might want to consider a few things before you spend it.  It makes more sense to make a plan for your money so that it doesn’t go to waste.

Cavalcade of Lights!

A well-loved Toronto tradition for 45 spectacular years, the Cavalcade of Lights celebration kicks off the holiday season in the city.  Every year, audiences gather for the first lighting of the decorated Christmas Tree.  The event is located in Nathan Phillips Square showcasing thousands LED lights in colours of red, white and silver.

Toronto Chocolate Festival

Chocolate lovers, the weekend of your dreams as arrived – The Toronto Chocolate Festival is back.  Throughout October you will find special deals at chocolatiers and pastry shops throughout the city. Here are some events you should definitely check out!

Toronto demographics to change

Toronto citizens should prepare themselves for a demographic shift with an influx of seniors.  Many preparations will be made to maintain safety and accessibility for everyone, especially senior citizens.  Councillor Josh Matlow recommended that Council and city staff create a plan to carry out this change.  They developed a workbook to take residents through their comprehensive plan.  The workbook features how they will build on…

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5 Topics to Include in a Financial Plan

Budget A budget is probably the most important part of your financial plan.  There are many strategies for creating a budget, and you might have to try a few before you find the strategy that works for you.  Whatever your approach, the goal should be the same: to allocate your finances and help you keep track of how much money you have to spend. Insurance…

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Toronto Tempo showcases Toronto in all its splendor

As a previous board member and still active participant of the Toronto Community Foundation, I have immense pride in the city of Toronto. In my opinion—and I’m sure you’ll agree—Toronto is the greatest city in the world: full of life and wonder, with a vibrant community and an abundance of culture, art, sports, local food, and spontaneous kindness. Each day, I am ever more grateful…

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What’s financial diversification?

Financial Diversification is really just a fancy way of saying, Don’t put all your eggs in one basket. Diversification is the practice of spreading your money around in different types of investments to reduce your overall investment risk. There are many types of investments, with some carrying more risk than others. Those include stocks, bonds, cash (like savings accounts) and property. How you diversify and…

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7 ways to save on your tax return

Everyone has their tax return ritual that they do every year.  It probably involves a few aspirin, but lets make this easier for you.  Maybe filing your taxes will be a happy moment you will look back on and remember how much money you saved.  Who wouldn’t want to save money??  This year, seven new tax laws were added or amended that allow you to…

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Tax Reduction Opportunities

Any time is a good time to think about reducing your taxes.  Even though the April 30th due date for personal tax returns is far off, here are 5 tips for reducing your taxes. 1.  Children’s Expenses Children come with their own set of financial expense, but there are also tax deductions available.  A maximum of $7,000 can be claimed for each child born in…

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