CIBC 2011 Top Picks

 I wanted to share this,  some of these are dividend stocks.

CIBC's did a good job with their 2010 top picks but ofcourse even a monkey picking stocks out of a hat would have made money in 2010 but I do give them get some credit for beating the index.

T1213 Request to Reduce Tax Deductions at Source for Year(s) _____

Go download T1213, print, fill out, then mail this form to CRA.

also make sure you already gave your employer the correct TD1 , and if you are in Ontario TD1ON

why overpay your taxes, I'd rather pay what I owe when its due. 

you don't over your credit card, or gas bill. why would you over pay your tax bill?

Jan 4 2011 RRSP and TSFA contribution day

Now that the year is over, it is time to make a new contribution to the Dividend Lover RRSP and TSFA portfolios.

January 4th the first trading day of 2011 is a great day to make TSFA and RRSP contributions. It is a great day for contributions because you get the most the most tax advantaged growth time since it is the earliest day you can a contribution.

People who make their 2010 RRSP contributions on March 31 2011 have missed on 15 months of tax deferred earnings. since they could have done their 2010 RRSP contributions on Jan 4, 2010

I hold Canadian REIT's in my RRSP because enjoy the tax efficiency. i had already picked out  HR.UN as the new investment in both accounts since it is offering the best discount to NAV among the large cap REITS

I always preach, make your contributions asap to maximize the tax advantaged growth time, especially when it comes to your TSFA. If you do not have enough money to contribute to both early contribute to your TSFA first

The New Year Resolution Crowd

Today is the 3rd week of January, The peak time for failed new years resolutions.

Anyone who works out at a gym gets a front row seat to the new year resolution madness. by now we will notice the decline of these tubby new faces who started showing up at our gyms.

I believe that the reason why these new years  resolutions fail is because the group of people who make these resolutions generally fail at most things they attempt. quite the bold statement I know.

If there is something that needs to be done, like going to the gym, or quitting smoking or saving more money or whatever new years resolutions tend to be. It is something that needs to be done and if you are the successful type, you go off and make it happen.

However a new years resolution person is not willing to do it. The new years resolution is just another excuse to talk about doing things.  And right about now is when this group of people give up and we can have our gyms back.