The crash in oil prices has hit Alberta hard and the number of EI recipients shot up by a whopping 72% since the crash in oil prices began. More than 11,000 people have lost their jobs in Alberta so far this year and this amount will likely grow even higher if oil continues to stay low.
Another interesting story from the Financial Post about an early retiree named “Harriet” who was forced into early retirement due to illness. With $2.5 million in assets she will be in good shape financially.
Nelson Smith writes about 3 monthly dividend payers that are as good as a pension. People seem to be cutting cable at a growing rate but Shaw continues to pay their attractive dividend.
Here’s some tax news that even I didn’t know about – CRA says you can now claim medical marijuana on your tax return.
One way people have been dealing with soaring real estate prices is by building laneway houses on the back of their property. They are detached dwellings and can add rental income to the owner who usually lives in the main house. The rising popularity of laneway houses raises some insurance issues, though.
Brock from Clever Dude writes about teens and money, and whether a teenager should be forced to save money for the future.
The economy seems to be faltering and we may be headed for another recession; could your finances handle another recession? Read the interesting analysis over at Canadian Budget Binder.
The tablet wars are heating up – Amazon recently unveiled a $49 tablet designed to undercut competitors like Apple. I have an iPad and love it, so if prices can come down I think it would benefit those looking to upgrade their tablets to the newer version.
Jason Fieber gave his dividend income update for August – an impressive $528 for the month from a well diversified portfolio. I love seeing the dividends roll in monthly and I’m sure he is the same.
Dividend Huster asks whether there is a get rich fast route? There might be but it probably isn’t legal or ethical!
The latest news says interest rates won’t rise until 2017. With interest rates being so low and the new higher TFSA limits, there really isn’t much incentive to focus on paying down a mortgage versus investing in a TFSA.
And finally, in case you missed it, I chose to go with a variable rate mortgage for the upcoming mortgage renewal. Rates are really low right now and there are some great variable products out there, and since they have done better historically I decided to make the switch.
Have a good weekend!