Quotes of the Day

CRA issued IT-518 to overview their position with regard to the deductibility of food, beverages and entertainment. Reasonable amounts may be deducted if the costs were incurred in the course of earning income from a business or property. The total costs must be restricted to 50% of the amounts actually paid or payable. You can fully deduct the cost of any meals and beverages served or entertainment provided on planes, trains or buses (but not ships, boats or ferries), so keep a log of those expenditures, as receipts are normally not available, and CRA will allow a reasonable amount as your claim. [2020] - Evelyn Jacks

Researchers at the Chinese University of Hong Kong studied a group of 976 men and 1,030 women, age sixty-five and older. Each individual in the study reported how much and how often they consumed foods across thirteen categories common in China, including tea. Researchers drew blood and measured telomere length in the white blood cells. The results were striking: tea drinking was associated with increased telomere length, but only in elderly men, not women. When the amount of tea consumed by men was analyzed, those who drank three or more cups of tea per day had longer telomeres compared to those who drank less than a third of a cup of tea. The difference in telomere length was equivalent to a calculated difference of five years of additional life between high-and low-level tea drinkers. [2019] - William W Li

Every magazine will let you send direct mail to their subscribers. [2007] - Chet Holmes

As an investor, you must find a broker who has substantial experience in investment property financing, completely different from an average broker whose focus is on home buyers. Make sure they are an accredited member of the Canadian Association of Accredited Mortgage Professionals (CAAMP) and come with extensive references from fellow investors. Search the discussion forum at www.myREINspace.com to find the best one for you. [2009] - Don R. Campbell

Divergence over a shorter period is more powerful than divergence over a longer period. Although most market reversals exhibit divergence before they turn, they also exhibit this behavior just before normal consolidation periods. [2010] - Jay Norris