Remarkably, I have been able to pull myself away from the World Cup for a moment or two to keep up with the world of finance and economics… though only a moment or two. Here are some interesting or important articles I came across this past week.
- Though Canada’s athletes didn’t quite make the grade, at least our grass was able to make it to South Africa… and be featured in every match.
- Canadian Capitalist talks about how some Canadians misunderstood the TFSA contribution rules, over contributed, and were nailed with massive tax bills.
- He then wrote anther post on how you could apply for tax relief if the mistake was an honest one, and if the request is made in a reasonable amount of time.
- The author of “Where Does All My Money Go” has started a podcast that will recap his posts from the week.
- Michael James on Money talks about the problems with trying to tax the rich… ie, they are rich because they are crafty, and crafty people avoid tax.
- BankNerd takes a look at the new cash-back Visa card offered at RBC.
- Million Dollar Journey looks at how to value a REIT… because of how depreciation is treated in the books, they may be better off than they appear.
- Canadian Mortgage Trends looks at the issue of mortgage lenders, Canada’s Privacy Commissioner, and Social Insurance Numbers.
- An investment firm is offering victims of Bernard Madoff to sell their claims for 20 cents on the dollar.
- Speaking of investment schemes, anyone who thinks the mob just sells cigarettes and DVD players that “fell off a truck” should think again. A $12 million dollar scheme was uncovered this month.
Other than that, a Happy Father’s Day to any of you dads out there. Hope you had a relaxing day off.