May 3, 2024

The Past Week’s Reads — April 15 – April 21 , 2024

If Canada axed its carbon tax — and rebates — this is how different households would gain or lose – CBC.ca, December 3, 2023
https://www.cbc.ca/news/canada/calgary/axe-the-tax-and-carbon-rebate-how-canada-households-affected-1.7046905
First of all, if you have not received your April climate rebate don’t be alarmed.. All it means is that you did not pay your income tax electronically before March 15 so you will get it next month instead. As a couple, we receive $183 tax-free every three months for a total of $732… Sweet!

From the CBC, an older piece revisited. Robson Fletcher examines how households of varying annual income would be impacted by a cancellation of the carbon tax. Meta is preventing us from posting direct links to articles in Canadian media on Facebook. The link here works.

Thinking of trading your gas stove for induction? Here’s what you need to know – Globe and Mail, April 15, 2024
https://www.theglobeandmail.com/investing/personal-finance/household-finances/article-thinking-of-trading-your-gas-stove-for-induction-heres-what-you-need/
Rosemary Counter looks at the shift from gas stoves to Induction. We know several people, ourselves included. who made the switch? We were more or less forced into it but happy with the result. Meta is preventing us from posting direct links to articles in Canadian media on Facebook. Th link here works.

Should you buy life insurance to pay for tax owed upon death? – MoneySense.ca, April 1, 2024
https://www.moneysense.ca/columns/ask-a-planner/buy-life-insurance-to-pay-for-tax-owed-upon-death/
Jason Heath looks at whether purchasing life insurance will “help shelter your beneficiaries from taxes owed” on capital gains?

How should Hank, 69, and Caroline, 64, turn their savings into income? – Globe and Mail, April 12, 2024
https://www.theglobeandmail.com/investing/personal-finance/financial-facelift/article-how-should-hank-69-and-stephanie-64-turn-their-savings-into-income/
Dianne Maley addresses a reader’s question about how they can “convert savings and investments into ongoing income?” Meta is preventing us from posting direct links to articles in Canadian media on Facebook. The link here works.

“My Weekly Reads” are articles I have read throughout the week because they were of interest to me … for good, or for bad reasons. 🙂 Sharing them does not mean that I endorse them, unless I explicitly state that. If concepts contained in the financial articles I share are of interest to you please remember that is always a good idea to ask your financial adviser’s advice when considering making changes to your financial portfolio or changing your spending habits.