Quotes of the Day

It's preferable to use tax-favoured or non-taxable forms of income once you're over the first federal bracket, assuming that you have non-registered assets. This will put less strain on your income-producing assets and help to conserve and preserve them. From an efficiency perspective, it's usually preferable to have non-registered investment returns in the form of capital gains rather than dividends. The dividend tax credit gross-up inflates your net income figure. What you ultimately want to do is create the amount of after-tax cash flow that you require while keeping your net income figure relatively low. [2019] - Daryl Diamond

50:50 Partnership: A joint-venture partner puts up the capital for the down payment. The partners share ownership, with the real estate expert doing all of the work associated with finding, managing and eventually selling the property. Profits are shared 50-50 after the initial down payment is returned to the co-venturer. [2013] - Don R. Campbell

The deposit is generally 5% to 10% of the purchase price. If there were conditions in the offer, and these conditions were not met, then the purchaser would be entitled to receive the full amount of the deposit back. If you are purchasing through a private sale and no realtor is involved, never pay the funds directly to the vendor; pay them to your own lawyer in trust. If a realtor is involved, the funds can be paid to the realtors' trust account or your own lawyer's trust account as the situation dictates. [2006] - Douglas Gray

The more you challenge superstars, the more you encourage them to overachieve. But don't forget to compliment them when they meet and exceed your challenge. [2007] - Chet Holmes

Instead of creating the rigid rule that exactly 2% of total equity will be risked on each trade, a more adaptable rule might be to require that no single trade can have a stop loss that exceeds, for example, 4% of total equity. [2009] - James Chen