Quotes of the Day

Individuals aged 65 or older by the end of the tax year will qualify for the Age Credit. It's factored on the Age Amount and can effectively increase your personal exemption. In 2018, the Age Amount is $7,333. So if you were entitled to the entire Age Amount, coupled with your personal exemption of $11,809, your federal "tax-free zone" would be $19,142. Increase that number by an additional $2,000 for the Pension Credit, and you're just over $21,000 before income becomes taxable in 2018. However, once your Net Income exceeds $36,976, the Age Amount (and Credit) starts to be reduced and is totally eliminated at the point where net Income reaches $85,864. [2019] - Daryl Diamond

Articles about personal fiance often trumpet the better long-term returns attained in the stock market than in the real estate market. One such article stated that real estate earned 5.5 percent annually over a thirty-year period, while the benchmark TSX earned 8.5 percent. I don't dispute the numbers, but articles of this type usually leave out the fact that real estate allows you to invest five times more money. So rather than earning 5.5 percent over thirty years, the smart real estate investor would have earned 27.5 percent (5.5 x 5). [2017] - Calum Ross

Excellent people have three primary virtues: prudence, justice, and benevolence, in that order. [2004] - Brian Tracy

Over time, some of the ways of limiting food will prove to be more effective than others. A popular method is to skip breakfast and have a late lunch (the 16:8 diet). Another is to eat 75% fewer calories for two days a week (the 5:2 diet). If you're a bit more adventurous, you can try skipping food a couple of days a week (Eat Stop Eat), or as the health pundit Peter Attia does, go hungry for an entire week every quarter. [2019] - David A. Sinclair

Separate your deposit account from your operating account. Only transfer enough into your operating account to cover that month's budgeted expenses. [2004] - Gary Keller