Resources
Guides and articles
Free to read, with no email gate. Every claim about a rule names the government page it came from, and every figure is either quoted from one of those or worked out in front of you, so you can check any of it. Each piece points at something free that does the arithmetic.
Newcomers
Your TFSA room does not back-date to your eighteenth birthday
If you arrived in Canada as an adult, the cumulative figure everyone quotes is not yours. Room accrues from the year you became a resident, and getting this wrong is taxed at 1% a month until you fix it.
7 minute read
Property
Why Canadian mortgage calculators disagree with each other
Most mortgage calculators online are American, and the difference is one line of arithmetic worth about $4,500 over a 25 year term. Here is the line, and how to tell which kind you are looking at.
6 minute read
Business
Margin and markup are not the same number
A 50% markup is a 33% margin. Aim for a 40% margin, apply 40% as a markup, and you get 28.6% and lose two fifths of the profit you planned for on every sale.
5 minute read
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