Quotes of the Day

As of January 1, 2021, the maximum OAS pension for an individual who started payments at age 65 is $615.37 a month. One needs to have been resident in Canada for 40 years after age 18 to receive the maximum, otherwise the pension is pro-rated. OAS pension rises quarterly in step with increases in the Consumer Price Index. If you were 65 in 2021 and had income over $79,845 in that year, you would have to pay back some of the OAS pension you were receiving. OAS income is essentially "clawed back" at the rate of 15% of your income that is in excess of $79,845. You would receive no benefit at all from OAS pensions if your earnings were over $129,000 in 2021. [2021] - Frederick Vettese

Perhaps the most helpful mental habit you can develop is the habit of optimism. [2004] - Brian Tracy

Americans should have a nice chunk of money in a US index; Canadians should have a good-sized chunk in a Canadian index. After all, it makes sense to keep much of your money in the currency with which you pay your bills. Investors can increase their diversification by building a portfolio with global exposure. A total international stock market index would fit the bill. To keep it simple, you could split your stock market money between your home country index and an international index. [2017] - Andrew Hallam

There are many different types of home-based service businesses that lend themselves to operating out of a condo. For example: consulting, counseling, computer-based business, telephone sales, tutoring, teaching small groups, research, travel agent, etc. In other words, you would not have people coming to your home in great numbers, if at all. [2006] - Douglas Gray

Sign up for some classes. Even a one- or two-week program will do the trick. Skydiving, kickboxing, belly dancing, yoga, tennis, weight lifting, tae kwon do, rumba lessons--anything in which your body is 100 percent involved. [2004] - Nicholas Boothman