Archive for June 28, 2010

Too high and mighty to share an umbrella?

Posted in Finds, Random with tags , , , , , on June 28, 2010 by Mitch Leuraner

The Queen and the Duke of Edinburgh begin their nine-day tour Photo: GETTY Source: http://www.telegraph.co.uk/news/newstopics/theroyalfamily/7859702/Queen-met-with-torrential-rain-on-royal-visit-to-Canada.html

I noticed that in all of the news footage of her visit to Halifax today, the Queen walked under her crazy umbrella while Michaelle Jean, our Governor General, had to walk in the rain.

I know that she is the Queen, so she doesn’t have to share her umbrella… but it would have been nice.

Tax Free Savings Account Angst

Posted in Aggravations, Thoughts with tags , , , , , on June 28, 2010 by Mitch Leuraner

I am getting really tired of hearing about the 70,000+ Canadians who recently received notices that they have over contributed to their TFSA.

When I opened my account in March ’09 I read all of the documentation that PC Financial had available, and then I read everything I could find on CRA’s website.  I knew and understood the rules from the day I opened the account.  And now, I don’t owe any money.

But apparently there are more than 70,000 people who didn’t do the research and now they owe 1% per month for their over contributions.  As far as I am concerned, they should be required to pay every cent.

Instead, CRA has extended the deadline for people to submit the paperwork for an appeal.  That is garbage.  I learned in grade school that there are consequences to not paying attention.  These people must have been home sick that day.