Fifty Shades

TRUMP modified

Sigh. Emotion’s so over-rated. But being Valentine’s weekend, this pathetic blog is opening its tiny black heart to lovers everywhere, with some sage words (two, actually) on the real reason for hooking up with a life partner. Here they are: tax avoidance.

So I met a young couple I’ll call Tom & Julie a few months ago, about a year after they blew almost twenty grand on an idiotic wedding some place hot. “Well, that was dumb,” I said in a celebratory way. “I hope it gets better from here.” But it didn’t.

They may happily exchange fluids, but they refuse to share a bank account, let alone any savings. Tom banks with RBC. Julie is a PC Financial addict. They opened a joint account at a neutral place (BeeMo) and a portion of each paycheque goes there to pay household expenses. They have no real idea how much the other has salted away, what kinds of stuff might sit in their partner’s TFSA, what RRSP contribution room they each have, or even the precise details of income.

Experience shows this is, sadly, common. Money’s for hiding and arguing about. Not for common purpose. “If I want to indulge myself a little,” asks Tom, “then why should I have to ask her permission, or feel guilty about it?” And Julie says, “My parents split up when I was eight and my mom suffered bigtime. No way am I ever going to let that happen.”

Well, kids, there are lots of reasons you need to comingle the dollars. For starters, dealing with two or three banks means more fees being sucked off. Second, it’s impossible for you to put together a coordinated plan, so your savings and investments are balanced and reasonable. Third, without monetary intercourse how do you know if there’s overlap and duplication between your investments? Or if Tom is flipping junior pharma stocks while Julie’s grinding through a 1% GIC, cancelling each other out? Worse, she might be losing horribly at Poker Stars and hiding it by siphoning a line of credit. If marriage doesn’t mean financial fidelity, just like the other kind, can the union last?

Nah, doubt it. Besides, haven’t people heard about legislation that splits matrimonial assets?

So here are a few things every married couple ought to be doing. Forget Ghomeshi. Let’s talk Fifty Shades of GreaterFool.

Tax avoidance comes in many forms where you’re married. For example, a husband and wife can take their separate savings and investments and plop them into a joint, non-registered investment account. The returns earned over time – interest, dividends and capital gains – can be equally attributed to each, instead of having them pile up in the hands of the partner who pays the most tax. Many couples legally manage to have the bulk of the gains attributed to the one in the lower tax bracket. Big savings.

Of course someone making a pile more money than his or her spouse can gift that person cash to stuff into a TFSA. Or fund their RRSP. Or, better, contribute to a spousal plan. In that case the higher-income dude gets to claim all of the money from taxable income, and yet (after three years) the funds legally belong to the spouse. They can then be taken out at a lesser tax rate, or cashed in to finance a maternity leave.

Old retired, married wrinklies can pension-split, allocating up to 50% of the pension one person receives to the other spouse, for a tax savings which is often substantial. Takes about two minutes when filling out your annual return. Ditto for CPP, because couples over 60 can elect to share pension payments on the amount earned during their time together. So a portion of the higher-taxed person’s payment can go to the less-taxed one. More savings.

And here’s an easy one: in a marriage the person making the most money should pay all the household expenses – instead of sharing them equally. That way the less-taxed spouse can invest the money not going to rent, mortgage or groceries. Because their tax bracket is lower, the after-tax investment returns will be higher.

The person making more income can always lend a whack of money to their less-taxed spouse for investment purposes. Not only are the gains then taxed at a lower rate, but the interest the CRA establishes for the inter-spousal transaction is a lowly 1%. And if one of the partners is an entrepreneur, with a corporation or business, then the other can be hired as an employee (some actual work has to take place), or become a shareholder and collect dividends, taxed at a preferential rate.

These are just a few of the reasons to get married. I hear there are others. Above all, try to mate with someone with financial potential. Or at least a bad blog.

258 comments ↓

#1 Lost in Perry Sound on 02.12.16 at 5:40 pm

Ha Ha Garth I gotta love you, keep up the good work, great post as always

PS I forwarded you post about ignoring the market ups and downs and she sent a huge thank you, she was a bit worried and you allayed her fears!

#2 taxmang on 02.12.16 at 5:41 pm

I am married and wife doesn’t work and we have two kids.

What are some tax moves I can make?

#3 lala on 02.12.16 at 5:42 pm

That’s im talking about Garth, that is so American and it sucks to be one, lucky ones have 2 citizenship, you always need an emergency exit.

#4 MSM-Free Zone on 02.12.16 at 5:43 pm

$20k on a common wedding, yet two different banks and a third on neutral ground? Why stop there? Why not different dwellings as well. What a fitting photo for a marriage destined for disaster.

Not even a common canine is going to save this one.

#5 Lillooet, BC on 02.12.16 at 5:43 pm

Be careful of Shawn’s response!

#6 Unhinged Loon on 02.12.16 at 5:46 pm

Say it with me Garth…

PRESIDENT TRUMP

#7 Derek R on 02.12.16 at 5:49 pm

Tax-sharing for Valentine’s Day. Who says that Romance is Dead? Not I.

#8 Ivanka on 02.12.16 at 5:51 pm

Terrible advice. Keep bank accounts separate and live a happy life.

#9 Jimmy on 02.12.16 at 5:51 pm

Who’s number one!
First!!!

#10 Josh in Calgary on 02.12.16 at 5:52 pm

Garth,
Your post is funny because it’s true. I would wager more people are as you described than not.

Once you’re married you’re pot committed. There’s no you and I any more it now becomes US. The first thing I did after getting married (after the honey moon of course) was to set up a set of bank accounts that was all interconnected. We each have a checking account and then there’s a joint savings account that all incoming funds go to and the checking accounts can draw from. We keep most money in the savings account (until it’s time to be invested) and just enough in the checking accounts to cover short term stuff. And of course the whole thing is set up so we can both see everything. If you can’t trust your spouse with money then you should not have signed on the dotted line.

#11 UncleFester on 02.12.16 at 5:52 pm

As someone going down this road soon.. I appreciate the info

#12 For those about to flop... on 02.12.16 at 5:53 pm

Last year I gifted 15k to my wife’s TFSA.
This year I don’t intend on giving her anything.
Does this mean when my well runs dry,her well will run dry for me?

M41BC

#13 Rick on 02.12.16 at 5:56 pm

First!

#14 TheSpangler on 02.12.16 at 5:57 pm

Awesome work Garth keep it up!

PS FIRST!

#15 Rick on 02.12.16 at 5:57 pm

Wow! Look what the markets did! Oil up 10% smokingman:)

#16 gladiator on 02.12.16 at 5:59 pm

“the higher-income dude”

How sexist!

:)

Is ‘dude’ gender-specific? — Garth

#17 Justincase on 02.12.16 at 5:59 pm

Kickoff!

#18 TurnerNation on 02.12.16 at 6:00 pm

Whack. Thank you OPEC may we have another?

#19 BG on 02.12.16 at 6:02 pm

Garth, when it comes to real estate you are the first to say that nothing lasts forever, especially marriage or relationships.

I can understand why people won’t share their finances.

#20 S.Bby on 02.12.16 at 6:03 pm

Now how’s this for a diligent spouse; yesterday she took out ‘Money Road’ from the Burnaby Public Library.

#21 Internet Explorer on 02.12.16 at 6:05 pm

Fi………………

rst!!!!

#22 Canadian on 02.12.16 at 6:05 pm

Preparing for divorce is rarely a good way to structure a marriage.

#23 MoneyDriven on 02.12.16 at 6:08 pm

Thanks Garth.
We had the same issue to invest together and have our own finances at the same time. Solution was to find a smart finance guy to manage both our money. Open two joint account (for each of TFSA, RRSP adn non register account) and let the smart fella manage all accounts.

Dont need to contribute to each other RRSP as we are at very similar salary.

You would keep your money and accounting seperately ish and can pull out and deposit to our individual account.

Another bonus of join account is huge saving on probation fees and taxes if one passes away. Yup my other half is a lawyer, better watch my back ;P

#24 Chris in Nanaimo on 02.12.16 at 6:11 pm

What i dont understand is how the CRA determines who’s lending what to whom in a marriage if husband/wife investment accounts are being funded from a joint bank account that both salaries are being paid into?

It doesn’t. — Garth

#25 Kilt on 02.12.16 at 6:12 pm

Darn. I sold out of all my stocks yesterday. Some of them were up almost 10% today.
Who would have known . :)

Kilt.

Why did you think I wrote yesterday’s post? — Garth

#26 Chris in Nanaimo on 02.12.16 at 6:13 pm

#2 taxmang. “I am married and wife doesn’t work and we have two kids. What are some tax moves I can make?”

Well you could have used Harpers income splitting, but T2 is about to abolish it…

#27 Kilt on 02.12.16 at 6:18 pm

Just joking Garth. I do regret not buying some long call options though. But I still think there is room to move down. Oil pain ripples are still spreading.
Kilt.

#28 dude = guy, dudette = girl on 02.12.16 at 6:23 pm

/eom

#29 For those about to flop... on 02.12.16 at 6:25 pm

Moneydriven#23
You would keep your money and accounting seperately ish and can pull out and deposit to our individual account.

///////////////////////////
I know Garth probably got you excited when he talked about exchanging fluids, but damn you took it to another level!

M41BC

#30 earthboundisfit on 02.12.16 at 6:26 pm

@23 MoneyDriven …. better that you watch your wallet.

#31 crowdedelevatorfartz on 02.12.16 at 6:31 pm

Yeah I’m thinkin that marriage aint gonna see a 10th anniversary….

#32 Smoking Man on 02.12.16 at 6:31 pm

#16 gladiator on 02.12.16 at 5:59 pm
“the higher-income dude”

How sexist!

:)

Is ‘dude’ gender-specific? — Garth
….

Hey carful that could be considered a macro aggression.

Damn did I just Man speak again…

Is there a manual for PC

#33 A Yank in BC on 02.12.16 at 6:36 pm

Yes.. “Dude” is extremely gender specific. Don’t you watch Coen Bros movies?

#34 Nemesis on 02.12.16 at 6:46 pm

“Above all, try to mate with someone with financial potential.” – HonGT

#ValentineMischief… #MPAA-R… #It’sART,YouKnow…

#IlmaGore’sRumpOfTrump…

http://tinyurl.com/hz24lov

#SarahCole’sFiftyShadesOfHillary…

http://tinyurl.com/z7uzusz

[NoteToGT: Madame Secretary brandishing a pair of 44’s!… Now that’s what I call ArtisticLicense.]

#35 Bobs ur uncle on 02.12.16 at 6:50 pm

Sorry – maybe this is a generational thing or something but I don’t want to have a discussion about whether she can afford x or y, anymore than I want her asking whether I can afford stuff that I want. We keep our accounts separate. We’re both adults with independent incomes. A truly trusting relationship means that we don’t treat the other like a child who needs to be monitored and we can each manage things just fine.

If an individual can’t manage their finances on their own, having a spouse nag them to get their sh*t together is not going to make for a great relationship IMO.

Summary – marry someone who is responsible. Then no worries.

#36 nonplused on 02.12.16 at 6:52 pm

Jesus and Paul both said it is better not to marry. Who are you going to trust, them or Garth? Of course they both also eschewed material possessions, so tax planning for them wasn’t an issue.

Anyway I still took the plunge twice. Maybe it’s because I like throwing parties, although the first one was pretty boring. Can you imagine I married someone who thought the reception should be music’d by a string quartet? Oh boy what a snooze fest. That one wasn’t destined to last. The second party was better and yes the DJ played “I knew the bride when she used to rock and roll” and everyone knew it was applicable. Still married to that one and she still parties when she can.

The closest thing we have to a joint account though is our Costco card. Divorce teaches you a lot about people, even yourself. A little tax avoidance is not worth giving someone a huge financial incentive to divorce you. I don’t mind giving her half the house if she paid for half the house, but also seeing your savings slashed in half and then your salary decimated by child & spousal support? Not fun, especially if you are older. The child support I don’t mind so much, the kids need to eat. But as to the rest get a pre-nup even if it might not stand in court better to try than to leave your fate entirely in the hand of some activist judge out to punish men for being men and never marry a woman who doesn’t intend to work unless you are super rich and can afford a trophy wife Trump style. Besides 2 incomes are much more resilient than one in these trying times.

#37 Goofy 2 Shoes on 02.12.16 at 6:53 pm

When two people dump all their money into common bank accounts, one person eventually will feel ripped off.

One person always spends more, one person always makes more, and the person spending more seems to the be one making less.

My prescription has always been to have a joint account to cover all household expenses and budget how much goes in there by each person each pay.

Each person contributes according to their percent of the total take home family income. So if you make 60% of the money, you contribute 60% of the budget. You revisit the budget and adjust each year.

Anything else outside your commitment to the budget is your own disposable income.

This doesn’t mean that financial plans can’t be done together. You can certainly take whatever portion of your disposable income and create a common plan.

#38 Freedom First on 02.12.16 at 6:54 pm

Gotta be your most high risk Post ever, Garth. 50% divorce rates and all that goes with that.

Since the advent of “no fault divorce”, men have become disposable utilities. I only write the truth.

One last thing. Upon meeting a woman who is girlfriend material, I let her know I am not into “forced giving consumerism”. Valentines Day rocks. For women. It’s all about her. But VD day is just a pressure cooker for men. Except for guys who put their own Freedom First, like me. of course. I am all for equality. In fact, I insist on it.

#39 salonist on 02.12.16 at 6:58 pm

global warming

Massive, flightless birds likely roamed the Arctic some 53 million years ago

http://www.csmonitor.com/Science/2016/0212/This-humongous-vegan-bird-prowled-prehistoric-Arctic

#40 waiting on the westcoast on 02.12.16 at 7:19 pm

Now they don’t need to pay for the whole wedding… If they keep their vows…

10k in free wedding money as long as they don’t divorce – http://swanluv.com/

#41 Chris on 02.12.16 at 7:19 pm

That picture gave me a big laugh… Trump would be furious if he sees this

#42 BigJack on 02.12.16 at 7:21 pm

With feminism, female pre marital promiscuity & post marital hypergamy, marriage isn’t the good thing that it once was. If you must marry, get a pre-nup. As far as the person earning more paying more, why? This may have made sense in the days before rampant divorce, but now it’s just afor suckers.

#43 Dubitative on 02.12.16 at 7:22 pm

Since we are talking income splitting, here is a question: Say I withdraw 10 grand from my TFSA in December 2016 and invest the money in a non registered account, would my spouse be able to gift me 10 grand to stuff back in my TFSA in 2017 without attribution rules being applied?

Yes. — Garth

#44 Daisy Mae on 02.12.16 at 7:28 pm

“Experience shows this is, sadly, common. Money’s for hiding and arguing about. Not for common purpose.”

********************

No trust. If there is no trust, you have nothing….and $20,000 for a wedding somewhere ‘hot’? Wow, people are stupid.

#45 For those about to flop... on 02.12.16 at 7:28 pm

#35 Bobs ur uncle on 02.12.16 at 6:50 pm
Sorry – maybe this is a generational thing or something but I don’t want to have a discussion about whether she can afford x or y, anymore than I want her asking whether I can afford stuff that I want. We keep our accounts separate. We’re both adults with independent incomes. A truly trusting relationship means that we don’t treat the other like a child who needs to be monitored and we can each manage things just fine.

If an individual can’t manage their finances on their own, having a spouse nag them to get their sh*t together is not going to make for a great relationship IMO.

Summary – marry someone who is responsible. Then no worries.

/////////////////////////////////
Hey Bob ,I have a similar viewpoint.
I guess I got lucky I the regard that my wife and I never argue about money.
I think it helps that we earn roughly the same amount and both are trying to save for retirement.
We have separate savings accounts and a joint account which we use basically for travel, we go 50/50 in most things and if someone splurges it’s no big deal.
We trust each other and we know what’s in each other’s investments so we don’t overlap.
She yells at me for making a mess in the kitchen but money arguments don’t blight my marriage.

M41BC

#46 Cici on 02.12.16 at 7:28 pm

#23 dude = guy, dudette = girl

I’ve never heard anyone use the term “dudette”; if it ever was used, it’s been archaic for eons.

I (affectionately) call my girlfriends “dudes” or “bitches.” Only ever offended once prissyfit, but we’re not friends anymore anyways.

Girl and guy dudes rock on!

#47 nonplused on 02.12.16 at 7:29 pm

More on the economics of divorce (divorce, like marriage, is a decision with heavy economic considerations despite that the decision to marry or divorce may be heavily influenced by other emotional considerations).

Something like 80% of divorces are initiated by women, and some people think the number is higher but the men are asked to implement the proceedings even if it wasn’t their idea (as was my case). Why do so many women want a divorce? Well, mostly because guys are smucks but all guys are smucks so the girls are just going from the frying pan to the fire, so there must be something else at work. What could it be? Money, perceived freedom, and a chance at a “better man”.

CM = “Current man”
PFM = “Potential future man”
R = “Chance to find a sufficiently high earner in a short enough time”
CMEW = “Current man’s earnings and wealth”
CMW = “Current man’s wealth
PFMEW = “Potential future man’s earnings and wealth”
CS = “Child support total”
SS = “Spousal support total”

The grand equation:

If

1/2 * (CMW) + CS + SS + 1/2 * (1-R) * (PFMEW)

is greater than

(CMEW)

Then

PFM

Else

CM

End if

Please I know in the case that the woman is the higher earner M can be switched with W.

So what we have here is a case where if a woman perceives that R is low and CS and SS are high, her incentive to divorce is undeniable even if there are no major problems in the marriage.

Yes folks everything boils down to an optimization equation. In the above equation “R” is the only unknown and like the lottery people greatly over-estimate their own odds of winning, or they wouldn’t play.

#48 Panhead on 02.12.16 at 7:29 pm

Today’s blog reminds me of the J Geils song … First I look at the purse. Good song fer all you young’uns out there …

#49 The real Kip on 02.12.16 at 7:31 pm

” Tom banks with RBC. Julie is a PC Financial addict.”

Well we can see Julie is the smart one, love PC Financial, no fees ever, just use CIBC machines.

#50 Lulu on 02.12.16 at 7:32 pm

Marriage is about commitment, and it means financial commitment as well, like Garth said, when two people tie the knot, it become Us, not two person anymore, although you both are still two individual, especially when you have kids, even more so, if you want to hide your money, better keep a b/f, g/f relationship and keep it that way.

Maybe it’s the new generation thing, I just don’t get it, if my spouse is like that, i wouldn’t be marrying him for sure.

#51 Daisy Mae on 02.12.16 at 7:34 pm

#2: “I am married and wife doesn’t work and we have two kids.”

***********************

I recall an interview many years ago — can’t remember details — and was asked: “Do you work?” I said ‘yes’ of course…and she’s waiting, waiting, for me to continue. I was a stay-at-home mom, and I damn well worked. ;-)

#52 Brydle604 on 02.12.16 at 7:34 pm

Garth how does Common Law compare to Married relating to tax law. Are there any disadvantages, Advantages?

The same. But marry the girl. — Garth

#53 Ray Skunk on 02.12.16 at 7:40 pm

$20k on a wedding somewhere warm beats $50k (what I’ve seen spent on GTA weddings) on a wedding somewhere cold.

#54 Cici on 02.12.16 at 7:41 pm

#38 FF

Whatever! I just spent $38 on high-end chocolate for my boy, and I know he won’t spend near that on me. But I don’t really care, it’s not a pissing contest, and it’s not because I’m a women that I’m going to take advantage of him or feel like he’s taking advantage of me.

Stereotypes suck, free yourself from them!

#55 Tuxedo on 02.12.16 at 7:43 pm

#37 Goofy 2 Shoes “When two people dump all their money into common bank accounts, one person eventually will feel ripped off.
One person always spends more, one person always makes more, and the person spending more seems to the be one making less.”
*******************************
Wrong! Marriage is about working together and making goals together. This also includes planning spending (budgeting) and saving. I earn substantially more than the wife, but I don’t feel the need to spend more than her because of this. We both have a goal of retiring early and focusing more of our efforts on charity work so we both don’t spend much.

For those in a relationship who don’t know how its done, it’s easy. In your budget agree to save $XXXX per month in whatever manner makes sense tax-wise when looking at both partners (save first!). Then pay what needs to be paid (mortgage, gas, car, insurance, food, etc). Then whatever is left over goes to extras (vacation, dinner out, parties, clothes, toys, etc.)

If you can’t figure this simple concept out on your own, an honest advisor like Garth with gladly help you out for a reasonable fee.

BTW, thanks Garth for your daily dose of common sense. My coworker who has been buying bank shares for years (and is wealthy because of it) was talking to me yesterday about selling. I convinced him to hold on at least until they report earnings later this month. Today his net worth went up tens of thousands.

#56 Rick Stevens on 02.12.16 at 7:45 pm

My advisor did such a plan for us just this week. He put some money in a Newfoundland-Hydro coupon bond that pays 3.75% yield to maturity at par and she pays me 1% interest on that spousal loan to me.

I am the only one that has an income in the family while she takes care of the kids and home. I am in a 33% tax bracket she is in the 0% tax bracket until $11,327 of income.

I include $2,670 in annual interest and she includes $7,330 in annual interest. The final result is $882 in total taxes for the whole $10,000 of annual interest income.

This saves us $2,418 in annual income taxes and it goes straight to TFSA’s that will $7,300 by retirement in 30 years.

#57 nonplused on 02.12.16 at 7:46 pm

# 37 Goofy “When two people dump all their money into common bank accounts, one person eventually will feel ripped off.”

I don’t know if I agree with that entirely. I spend way more than my wife but I also pay all the property taxes, utilities, booze, and do most of the Costco runs, all of which benefits her equally. Ok well I drink more of the booze but she doesn’t hold back.

But I have to admit she’s a good find, she shops for work cloths at Costco not Macy’s or Holt Renfrew.

#58 Ronaldo on 02.12.16 at 7:46 pm

#48 Daisy Mae

”I was a stay-at-home mom, and I damn well worked. ;-)”

And it wasn’t ‘Nine to Five’ either, was it Daisy?

#59 james on 02.12.16 at 7:48 pm

Your choice of partner is a major determinant of your career success and happiness in life.

I’m not sure it is a wise choice to marry a Canadian. Half of them would be in trouble if they missed a single paycheque, almost none of them have significant liquid assets. I saw a study on spending habits of GenXers and Millennials that was downright shocking.

In the 80s Canadians were outsaving Americans. Now the situation is reversed.

Marrying the typical Canadian would be a recipe for working until one’s deathbed. There are always exceptions, but on the whole Canadians have no financial discipline anymore.

#60 For those about to flop... on 02.12.16 at 7:50 pm

M41BC

#46 Cici on 02.12.16 at 7:28 pm

I (affectionately) call my girlfriends “dudes” or “bitches.” Only ever offended once prissyfit, but we’re not friends anymore anyways.

///////////////////////
Hey Cici ,I am saddened to see your friendship with Daisy Mae didn’t last…..I think you made the right move!

M41BC

#61 BobC on 02.12.16 at 7:50 pm

What has happened to society? No wonder each generation of kids is worse then the last. Look at the self centered unmarried parents.

#62 Daisy Mae on 02.12.16 at 7:51 pm

#2: “Preparing for divorce is rarely a good way to structure a marriage.”

*****************

Isn’t that what a prenup is all about?

#63 Retired Boomer WI on 02.12.16 at 7:51 pm

Boy, when we got married, we were so broke, we couldn’t even pay attention.

Added her to my checking account. Who had savings back in 1974? We had inflation! You bought it now (cash) before the price went up next month.

Fortunately, inflation’s back was broken in the early 1980’s. I recall buying those 30 year savings bonds that paid double digit interest rates!

I also recall when buying your home here in WI on a MasterCard (assuming g you had the available credit) was cheaper than the 15-30 yr mortgage rates available on a mortgage. Here, back then ‘usury laws’ capped master card rates at 12%. Since then, repealed so they can really stuff it up your poop-chute.

Fortunately, we got a little more financially smart over the years. We still don’t buy GICS, and I am not very impressed with a lot of funds, and even some ETF’s.

Each has an opinion, what makes the world fun!

#64 kothar on 02.12.16 at 7:52 pm

went to my sisters wedding jan in a warm mexico, my first away wedding, I think cost her and him $10k, I spend $2500 including tips excursions etc. I liked it. Presidents choice, I have been with for almost 20 years, and I have paid $0.00 in checking or banking fees! Off course I use other mean for saving and investing ;)

#65 Ronaldo on 02.12.16 at 7:54 pm

This one’s for Daisy.

https://www.youtube.com/watch?v=hllxaUPCbbM

#66 james on 02.12.16 at 7:54 pm

# 37 “When two people dump all their money into common bank accounts, one person eventually will feel ripped off.”

I don’t feel that way so far. I make a LOT more than my girlfriend, but never feel ripped off. (Not that she earns a pittance, but I am well remunerated). She’s a practical, financially responsible person who has no interest in working until she drops. Not to mention that she more than contributes to our relationship in terms of happiness. Her earning power doesn’t matter to me. I just want to see her happy, and to have her obtain her goals in life.

#67 kayak_guy on 02.12.16 at 8:01 pm

Preferred heaven!! At the end of today’s trading:

FTS-G yielding 10.8%
FTS-H yielding 13.5%
BCE-K yielding 9.1%
PWR-P yielding 9.5%

Utilities AND preferreds ready to double your money in 6-8 years! How can you go wrong? Load up!

#68 Chris in Nanaimo on 02.12.16 at 8:01 pm

Ahhh yes, VD day…that time of year when you see miserable husbands traipsing through the grocery line buying overpriced flowers and chocolates.

FF is right, it’s all on the guy’s. Yet another gross commercialisation to pay for.

Personally I think the only reason to get married is to have kids. Tax avoidance is a nicety but not a reason.

$47 Nonplused.

What you just described is Hypergamy….Google it.

#69 Daisy Mae on 02.12.16 at 8:06 pm

#58: “And it wasn’t ‘Nine to Five’ either, was it Daisy?”

*****************

LOL No, it wasn’t. The only thing I didn’t do was build fences and retaining walls. And I budgeted…always careful. I personally wouldn’t have had it any other way. No pressure, no deadlines, no stress! Just teamwork.

#70 Paul on 02.12.16 at 8:06 pm

#16 gladiator on 02.12.16 at 5:59 pm

“the higher-income dude”

How sexist!

:)

Is ‘dude’ gender-specific? — Garth
———————————————————-
Keep tiring Garth even though you would like to punch that Dude in the face.
Opps Sexist and violent .

#71 kayak_guy on 02.12.16 at 8:11 pm

opps meant PWF-P not PWR-P up there…

#72 RudyGQ on 02.12.16 at 8:20 pm

‘Monetary intercourse’………great turn of phrase!

To maintain a long happy and sustainable life of ‘monetary intercourse’ one should find a good partner, get a regular checkup from a ‘monetary doctor’ to treat any monetary sickness. Have a balanced diet (aka portfolio), get plenty of sleep (by not reading the comments section of a certain pathetic blog) and exercise regularly. It should be noted your chemistry and needs will change over the passage of time which will have an impact on monetary intercourse appetites and frequency. This is a natural phenomenon which should be embraced.

#73 Freedom First on 02.12.16 at 8:36 pm

#45 For Those About To Flop

Anyone yells at me, I’m gone. No exception.

#74 Fifty Shades - Realties.ca on 02.12.16 at 8:39 pm

[…] Source: http://www.greaterfool.ca/2016/02/12/fifty-shades/ […]

#75 For those about to flop... on 02.12.16 at 8:46 pm

Well the Metrosexual Messiah didn’t selfie himself to death in his first hundred days in office as I had wished.
If things continue in the same vein for the next 4 years he is a certainty to be the next spokesman for Just for Men as the grey hair is going to come sooner rather than later.

M41BC

#76 Millmech on 02.12.16 at 8:48 pm

Marriage=financial seppuku

#77 For those about to flop... on 02.12.16 at 8:49 pm

#73 Freedom First on 02.12.16 at 8:36 pm
#45 For Those About To Flop

Anyone yells at me, I’m gone. No exception.

//////////////////////
O.k let’s put that to the test….

GET OUTTA HERE…

Nice knowing ya.

M41BC

#78 Freedom First on 02.12.16 at 8:49 pm

#54 Cici

Men Hate VD day. As for Stereotypes, irrelevant. I only play by my rules.

Also Cici. Your Posts just may be my favourite female input on this Blog. Cici, there is good women out there, for sure. However, I like living alone, and I detest high risk. I am not a gambler, but I would guess you and hubby are going to enjoy Valentines Day.

#79 Smoking Man on 02.12.16 at 8:54 pm

#73 Freedom First on 02.12.16 at 8:36 pm
#45 For Those About To Flop

Anyone yells at me, I’m gone. No exception.
……

Ha life expenacy of a freedom first relationship 28 days max.

People over sell Pms. The killer is Dms

#80 Herb on 02.12.16 at 8:56 pm

Money’s for hiding and arguing about. Not for common purpose.

Careful, Garth! Next you’ll be demanding socialism in marriage …

#81 Freedom First on 02.12.16 at 8:58 pm

#51 Daisy Mae

You are right. Good Mothers are worth their weight in gold. It’s a harder job than I ever wanted. Sincerely, Freedom First.

#82 Freedom First on 02.12.16 at 9:01 pm

#77 flop

Made me laugh. FU though.

#83 Fine wild roasted gonads on 02.12.16 at 9:04 pm

#77 For those about to flop… on 02.12.16 at 8:49 pm
#73 Freedom First on 02.12.16 at 8:36 pm
#45 For Those About To Flop

Anyone yells at me, I’m gone. No exception.

//////////////////////
O.k let’s put that to the test….

GET OUTTA HERE…

Nice knowing ya.

M41BC

Hehe. Beauty.

#84 Doomsday Preppar on 02.12.16 at 9:12 pm

I guess ol’ Gartho has never been taken to the cleaners.
The only way to go is to only marry someone with more coin. If you make more, and you are male, you are pooched! And don’t get me started on credit cards! Good Lord the credit cards!

#85 For those about to flop... on 02.12.16 at 9:13 pm

Canada definitely missed out on some comedy gold this weekend.
Can you imagine if Rob Ford had still been mayor of Toronto what sort of performance he would have put on at the NBA Allstar weekend…
Him dancing on the hardwood would have made the price of admission worthwhile,the game would have been a bonus.
I haven’t had a health update for a while but I hope he’s not suffering too much.Get well soon Rob.

M41BC

#86 Freddie on 02.12.16 at 9:14 pm

Marriage is an economic union. If it fails, the separation is all about dissolving that economic union. Yup, all economic fruits while the union lasts are deemed to have been shared and divided equally. Often, the higher earner is on the hook to support the other for a period of time.

So, economic/financial capability is one of the most important things for a marriage to last. (By this I mean having the same economic values when the hard trade offs life imposes have to be made.) Trust being one of the other. Knowing if you are economically/financial capable can only be know through trust. So if you will not trust each other economically, your marriage is doomed. Do yourself a favour, get out early before it gets anymore complicated.

#87 For those about to flop... on 02.12.16 at 9:34 pm

#82 Freedom First on 02.12.16 at 9:01 pm
#77 flop

Made me laugh. FU though.

/////////////////////////
I’m glad I made you laugh and you actually admitted it.
That must of taken some courage ,maybe your hermetic lifestyle is a thing of the past.

I view the comments section as part idea sharing/ part entertainment.We all have our own idea as what is humorous and I get off topic with the best of them,but I just don’t see the point of coming here and posting the same type of post day after day.
I have no agenda to push…I just want to learn, have a laugh and if I can make one of you guys and gals have a chuckle at my post then I have succeeded.

M41BC

#88 DON on 02.12.16 at 9:42 pm

#77 For those about to flop… on 02.12.16 at 8:49 pm

#73 Freedom First on 02.12.16 at 8:36 pm
#45 For Those About To Flop

Anyone yells at me, I’m gone. No exception.

//////////////////////
O.k let’s put that to the test….

GET OUTTA HERE…

Nice knowing ya.

M41BC
*****************************************

Like everything… a person has to choose wisely – dum rushed in without an exit plan. Divorces /break ups are costly and set backs for most. Besides the daughters of boomers have larger voices, definitely ain’t the 60’s/70′ anymore. A little bit of well intended yelling is healthy…keeps things in check. Never say anything you can’t take back, and respect your partner. Problem solved! It’s what you make of it, the single life is cool too in some ways. To each their own.

I picture you both, in a western scene, standing at the bar, ready to rumble.

#89 TCContrarian on 02.12.16 at 9:48 pm

In my marriage, I make ALL investment decisions (mine/hers RSPs, TFSAs, RESP, unregistered, etc.). When in the past I tried to ‘explain’ my decisions, my wife’s eyes would gloss over and she’d begin to yawn.
All she’s interested in the balance growing year after year – how it get’s done is of little interest to her.

We have our roles, and as long as we each do our part well, the union benefits. I can’t imagine living like the young couple in this post. Yikes!

To each his own, I guess…

#90 Mark on 02.12.16 at 9:50 pm

“Yup, all economic fruits while the union lasts are deemed to have been shared and divided equally.”

True. However, inflation somewhat distorts that over time, especially if one is bringing a lot more wealth into the relationship than the other. As the courts do not generally recognize the existence of inflation. So someone who brings, say, $100k into a relationship, and another who brings $0k — eventually inflation destroys the real value of the $100k initially brought.

The other big problem these days in divorce is real estate. The rules for separating the “matrimonial home” are different than as applicable for most other assets. In that, a ‘matrimonial home’ generally isn’t ever considered to be an exempt asset even if the other partner is penniless at the outset of the marriage. With housing making up an overwhelming portion of the asset bases of so many single Canadians these days, it is often financial suicide for someone who owns a house to enter into a marriage (or even common-law relationship).

Likewise, people really have to worry about marrying someone who owns a house, but nothing else. As the house is likely to deflate significantly in the years to come (3 years into house price declines already in Canada), but the debt won’t. So if you marry a single person these days who went 90% LTV on a condo, and is now 95% LTV (on account of price drops), that can become an awfully expensive ongoing liability to service. Abnormal housing asset prices ought to be terrifying to anyone contemplating marriage these days unless they have roughly equivalent human and financial capital as their prospective partner. No wonder the institution is dying.

#91 Love my Kia on 02.12.16 at 9:55 pm

Nailed it on the head tonight Garth. Been there. Done that.

I was married to an alcoholic with a gambling problem, I thought combining forces would make us richer and instead I was never more broke in my life.

Unlike Freedom First, I have perpetual hope that there are good people out there to share life with and prosper. Without family, money means nothing.

#92 Rebecca on 02.12.16 at 9:56 pm

Nope, no, nada. If I were married, I would absolutely keep my finances separate and pay my equal share of household expenses. Not everything is about maximizing financial gains. Hope for the best, plan for the worst. Happy to share financial information and planning with a significant other, but not account passwords.

#93 For those about to flop... on 02.12.16 at 10:07 pm

Mark just showed up,bummer ….party over. :(

M41BC

#94 Reality-check on 02.12.16 at 10:07 pm

Eat ur heart out guys, married 25 yrs, one bank acct …. Mine, I make the $$$$$ , she spends it, I pay the bills and everyone is happy, yes really… That is true trust…. Get a life people…. I don’t care if u believe me…..

#95 Herb on 02.12.16 at 10:12 pm

Anecdotal evidence, and a recommendation –

When my lady and I got together, we pooled everything. There never was a “my” or “hers”. We’ve had our ups and downs, but we see no reason to change possessive arrangement after 38 years.

If you cannot trust someone with your money or they don’t trust you with theirs, forget the relationship. It will be a marriage of convenience at best, to be dissolved in acrimony when the convenience fades, as convenience will.

M75ON

#96 Upenuff on 02.12.16 at 10:35 pm

Daughter, 33 yrs old wants the big wedding next year….. $60 K at least, we are trying to convince them to pull back, make it small, put at least $40 K into a down payment on something, anything within the LMD…. no go, they want to have the big party…. then save up, maybe I just continue to update the basement suite and welcome them into our home, while they blow $2200 a month on rent living in the heart of downtown Vancouver……

#97 45north on 02.12.16 at 10:46 pm

here’s an article about Target. It starts out with Zellers:

By 2010, it became apparent to Zellers’ management that the property and leases of the Zellers’ stores were worth more than the actual retailing activity itself. So they set out to sell the chain and, in particular, their very valuable leases.

Target’s expansion into Canada was backwards – it bought Zeller’s leases and then tried to make them into a working business rather than make a working business and then look for stores to lease.

Target should have never added an entirely new and unrelated IT system for Canada. Instead, Target should have carefully extended their existing IT system to support internationalization, and once that capability was available, only then consider expanding into another country.

http://www.zdnet.com/article/billion-dollar-failures-how-bad-decisions-and-poor-it-killed-target-canada/?tag=nl.e539&s_cid=e539&ttag=e539&ftag=TRE17cfd61

morale of the story is don’t get fixated on real estate

#98 Mandria on 02.12.16 at 10:53 pm

Just remember higher earning spouse that it’s important to treat your spouse with the love and generocity that you would want. When my husband and I got married he was an electrical apprentice with a good chunk of student loans from an engineering degree. I was established in my career (made 75% of household income) and helped him through his last broke apprentice year and helped with the student loans…now 2 years later he has hit his stride and is now the one bringing in the 75%. I still have the same great job but it doesn’t hold a candle to him now. We are a team and he shows me the same love and generocity. The story is pretty cheesy but I think it’s important to share. Having a such a wonderful partner in life has been such a great gift.

#99 WUL on 02.12.16 at 10:53 pm

Dear Hon. Abby, M.P., P.C.:

Dear Abby, Dear Abby, my fountain pen leaks.

My wife hollers at me and my kids are all freaks.

Every side I get up is the wrong side of bed,

If it weren’t so expensive I’d wish I were dead.

Signed,

Unhappy

(John Prine)

#100 Ontario's Left Coast on 02.12.16 at 11:01 pm

Same with me. 24 years of marriage and a single pot the whole time. Sometimes I made more, sometimes she did, and why not, she’s a brilliant woman working in a highly specialized field. It all comes out in the wash. The key is finding a mate who shares your values and is smart, honest and independent. Yes, they do exist and it helps when you’re crazy about them.

Happy Valentines Day everyone. Freedom First, you can use one of your sock puppets….

#101 IHCTD9 on 02.12.16 at 11:11 pm

Hardly a month goes by when I don’t lift my eyes to the heavens and give thanks that my NDP voting, feminist wife turned out to be Mike Harris when it comes to finances. We are truly an amazing couple. Opposite on so many fronts, we really surprised everyone. I am totally predictable, she is a sintered ensemble of paradoxes and asymmetry.

But when it comes to money, I struggle be as hardcore conservative as her. She makes Mike Harris look like T2 when it comes to spending money on crap. If everyone in Canada handled their finances like her, we would have no economy whatsoever. Just piles of money sitting everywhere.

We could never be as effective a team financially if we did what some advocate here regarding split accounts. Our checking account is our point of entry, everything goes out from there. We’ve always got a finger on the pulse of our cash flow as it is easy to see gradual build ups or declines week to week. Cash is going every which way, but it all shows up here first, even if just for a very short time. It would be bloody hard to be as tactical with two accounts to manage, especially if both partners have a goal of maximizing a secret stash of “fun money”.

To me, twin accounts is a financial house divided against itself.

#102 IHCTD9 on 02.12.16 at 11:27 pm

Sometimes I find myself tearing up my robes, doning sackcloth, and sitting in ashes mourning for the millennials. This split finance thing is definitely generational. They marry less, trust less, earn less, and pay more, pretty much right across the board.

Employing the wisdom of a couple time honoured financial maxims none can dispute for the modern day:

1. You’re screwed on a single income.

2. You’re screwed if you blow your 30’s without significant buildup of savings.

Rich folks excepted of course.

#103 MF on 02.12.16 at 11:38 pm

#92 Rebecca on 02.12.16 at 9:56 pm

Gotta choose very wisely when it comes to who you are going to marry guys. There are good girls out there but know how to look for the red flags while dating. Not just financial but social, sexual etc.

#92 Rebecca on 02.12.16 at 9:56 pm

Sorry but this post makes me sad. I wouldn’t want to marry a woman that doesn’t trust me with her “passwords”.

MF

#104 Greg on 02.12.16 at 11:50 pm

#56 Rick

Re: the wife’s 0% tax rate to $11k – remember you can deduct her spousal amount up to $11k. So her effective tax rate is your 33% up to $11k because you are losing that deduction

#105 Careful on 02.12.16 at 11:57 pm

This discussion reminds me of Kevin O’Leary’s book titled: Cold hard Truth on Family, Kids and Money. In it he talks about preparing for marriage and understanding the FIVE languages of money. Know them to know you are choosing a good mate. They are: the Mooch, the Spendaholic, the Loafer, the Thief, and the Meanie (a person who lives within their means) Make sure know what money language your future partner “speaks” and plan to marry a “Meanie” for the best marriage.

#106 Spock on 02.13.16 at 12:11 am

#56

Perhaps your advisor and you have missed out on the fact that if your wife did not have the income – most of her tax free amount credits would have been transferred to you. Now that your wife has income of $7K+ – the amount that can be transferred to you is $7K+ lower and you will pay tax on that $7K which would have been tax free if your wife did not have income.

In other words – it is not as rosy as it looks. There is no real saving (if all the income of $7K was in your hands – the entire allowed limit of around $10K would have been transferred over to you from your wife).

——

Rick Stevens on 02.12.16 at 7:45 pm

My advisor did such a plan for us just this week. He put some money in a Newfoundland-Hydro coupon bond that pays 3.75% yield to maturity at par and she pays me 1% interest on that spousal loan to me.

I am the only one that has an income in the family while she takes care of the kids and home. I am in a 33% tax bracket she is in the 0% tax bracket until $11,327 of income.

I include $2,670 in annual interest and she includes $7,330 in annual interest. The final result is $882 in total taxes for the whole $10,000 of annual interest income.

This saves us $2,418 in annual income taxes and it goes straight to TFSA’s that will $7,300 by retirement in 30 years.

#107 Spock on 02.13.16 at 12:13 am

forgot to note in the above that if the wife had expenses like child care to deduct against – then such a strategy may make sense.

#108 ADHDMOM on 02.13.16 at 12:14 am

We have live in Vancouver on a 85K salary with 2 kids during the last 4 years. We have no debt, about 500K in assets and my husband has not worked since our move to Vancouver.

My husband however has been the accountant and able to use income splitting.
We own a home in Calgary and getting $2300 for rental. No mortgage.

Is there any under circumstances that we should purchase a “condo” through “bank of Mom”??

This guy tries to make a persuasive argument….
https://www.youtube.com/watch?v=obSWrX2VfS4

#109 LP on 02.13.16 at 12:27 am

These are just a few of the reasons to get married. I hear there are others. Above all, try to mate with someone with financial potential. Or at least a bad blog. – Garth
***************************
You forgot the most important reason…must love dogs!

#110 Sorry state on 02.13.16 at 12:32 am

42,000 de facto tax sucking ‘civil servants’ by another name are being directly paid by you, for an industry which has no future, can’t ever make money and has been blessed with job security no other industry ( outside the civil service) will ever have.

http://news.nationalpost.com/full-comment/andrew-coyne-bombardier-bailout-just-more-of-the-same-old

You might as well these workers ‘paycheques’ welfare.

Tax Mag #2

I am married and wife doesn’t work and we have two kids.

What are some tax moves I can make?”

Get a civil service job, become a leach, swallow your pride and become a true Canadian.

#111 Greg on 02.13.16 at 12:44 am

Good lord. Whenever I get 1/2 way through a post and can’t understand the point, I scroll up and see the word “Mark”.

Waste of time

#112 Investx on 02.13.16 at 12:48 am

#67 kayak_guy on 02.12.16 at 8:01 pm
Preferred heaven!! At the end of today’s trading:

FTS-G yielding 10.8%
FTS-H yielding 13.5%
BCE-K yielding 9.1%
PWR-P yielding 9.5%

Utilities AND preferreds ready to double your money in 6-8 years! How can you go wrong? Load up!

—————–

How sustainable can those yields be?

#113 WUL on 02.13.16 at 12:49 am

Where is everybody? It is only 10:45 in Ft. Mac. The fiddles are only being tuned up for the kitchen party (bless the East Coast).

For those Canadians interested in the history of the oil sands and The Mac (all 133 of you), this is good. Watch some of the video clips (1789, 1977, 1986, 1992 etc.).

Plus ce change, plus ca man choose.

We still say all the same things in 2016.

http://www.cbc.ca/news/canada/edmonton/multimedia/fort-mcmurray-boom-and-bust-1.3440836

#114 jane 24 on 02.13.16 at 1:13 am

As the bible says of marriage ‘and the two shall become one’. There is no more me and you after marriage just us and family.

We have had one pot for 37 years and our finances have gone up and down but it all comes out in the wash over a long marriage. Due to the children sometimes I worked and sometimes he did to always ensure their was one parent at home. Plus joint assets are one less thing to argue over, you can concentrate on whose turn it is to clean the toilets instead.

If you won’t share your money then you don’t really trust that person 100% and that is no basis for marriage. So you may as well dodge taxes as Garth says while you are at it.

On another note I read the Financial Post and the Toronto Star most days. Has anyone else noticed that the FP is always doom and gloom and the TS always sunshine and ponies even on the same topic!!

#115 b riding dirty on 02.13.16 at 1:37 am

Worst time in history to be a self made millionair. You can make the money, but it can’t make you any, anywhere.

Well I guess it can make you some peanuts or cost you a few.

1980’s was the last grand time to set your money safely and forget it, buy mass amounts of land for dollars in this great land.

Why did I have to be born in 1983, make it rich in 2013.

Well at least I have what you call time on my side there old gartho!

Jack and coke. Type of week.

Ps. When can we come back from cuba and stop drinking garth?

#116 Nagraj on 02.13.16 at 3:25 am

Juliet got acne.
Romeo: “Oh for heaven’s sakes, it’s just a pimple, not the Black Death. Here, I’ll squeeze it for you.”
Pop.
Juliet: “Oh Romeo, there’s another one. But it’s [whispers] on my – derriere.”
Romeo: “Oh! No problem, Julie. You just lie down there and I’ll – ”
Pop.
Juliet: “Oh Romeo, I would never let anyone else do this except you, Romeo.”

****************************

There is indeed merit in providing (and free of charge) timely tax tips for those in love; unfortunately the subsequent comments section turned into Fifty Shades of Boring Beyond Belief.
I mean who the hell cares that your precious Felicity (whom you met yesterday while waiting tables at the Firemen’s Annual Jamboree, oh Wild Colonial Boy) keeps hers in a pink-painted ceramic piggy while you stash your nickels in a used coffee tin which you keep movin’ around so’s she can’t find it.
Worser yet are those posts by people with marital difficulties – cry somebody else a river.
And to top it all off, there’s the wit who came up with “all men are shmucks”. Stick your oversized brush in yer ear. Not that this essentially precoital romantic presumption is even unique to you: from “Kiss Me Kate”, “I hate men. They should be kept like piggies in a pen.”

***************************

I do hope GT’s next post is less family oriented.

#117 Freedom First on 02.13.16 at 3:49 am

#87 flop

I know you don’t have a mean streak. I can see that. You’re just different.

I’m not hermetic. I just prefer to have my girlfriends over in the afternoons as I like to sleep alone and wake up to no one there.

#118 Bobs ur uncle on 02.13.16 at 3:49 am

“She yells at me for making a mess in the kitchen but money arguments don’t blight my marriage.”

Lol.

Flop, FWIW, this was shared with me the other day:

Man Tip: No woman has ever started an argument with a man while he was dusting, vacuuming, or washing the dishes.

Best of luck ;-)
BUU

#119 Freedom First on 02.13.16 at 3:55 am

#100 Ontario’s Left Coast

Don’t tell me you got married for sex? Is that what you really thought?

#120 Martin on 02.13.16 at 4:00 am

That’s why Trump fired them. They were not like Dorothy

#121 Freedom First on 02.13.16 at 4:06 am

#91 Love My Kia

Sorry to hear about your first marriage. Good luck on your next ones.

#122 Fres on 02.13.16 at 4:22 am

What a complex and controversial topic.
And then how to handle adult Kia living
At home.

#123 Fres on 02.13.16 at 6:14 am

kids not kia.
You don’t have or get a family.

You must create it and nurture it
Like the most precious thing in the
World. It’s the building block
Of society.

#124 Vangrrl on 02.13.16 at 7:14 am

‘So I met a young couple I’ll call Tom & Julie a few months ago, about a year after they blew almost twenty grand on an idiotic wedding some place hot. “Well, that was dumb,” I said in a celebratory way. “I hope it gets better from here.” But it didn’t.’

Lol!
Big hugs to Bandit.

#125 maxx on 02.13.16 at 7:23 am

No gender.

https://en.wikipedia.org/wiki/Dude

#126 Rick on 02.13.16 at 7:32 am

Garth is right. Don’t waste time on the comments section. I scan them to look for decent links to read. Not much this time.

#127 Ontario's Left Coast on 02.13.16 at 7:38 am

#77 For those about to flop… on 02.12.16 at 8:49 pm
#73 Freedom First on 02.12.16 at 8:36 pm
#45 For Those About To Flop

O.k let’s put that to the test….
GET OUTTA HERE…
Nice knowing ya.
M41BC

A heroic attempt, Flopper, and thank you for trying. Well played. Alas, if only it were that easy…

#128 economictsunami on 02.13.16 at 7:42 am

Garth provides a great opportunity to map your personal/family situation because the powers that be are all over the road.

$12.3 trillion of QE has added up to…this?

“- 637: Rate cuts since Bear Stearns imploded in March 2008.
$12.3 trillion: Asset purchases through global QE programs.
$8.3 trillion: Global debt yielding zero percent or less.
489 million: Population of countries with official policy rates of less than zero.
-0.93 percent: Yield on the two-year Swiss bond, the lowest-yielding government debt in the world.”

This Might Be Janet Yellen’s Worst Nightmare

http://www.fool.com/investing/general/2016/02/12/this-might-be-janet-yellens-worst-nightmare.aspx

Better to posses facts over fear…

#129 Ontario's Left Coast on 02.13.16 at 7:51 am

#119 Freedom First on 02.13.16 at 3:55 am
#100 Ontario’s Left Coast

Don’t tell me you got married for sex? Is that what you really thought?

I married for love, dear boy, and I embrace everything that has come along with it, including three great kids and a rich home life. I honestly feel sorry for people who let fear rule their decisions (aka, your fear of being taken to the cleaners). Take the leap, the water’s fine!

#130 maxx on 02.13.16 at 8:15 am

1985.
Wedding dress: $5.00 – store going out of sale.
Dyed my shoes to match.
Parents kicked in 1K. Cost of reception including vino for ~50 guests at an Italian restaurant: 1.1K. (times really were different)
Friend played the bagpipes. Magnificent.
Very happily married after 31 years with freedom at 47 and 50, running a our own business.
Frills only make other people rich.
Financial freedom, priceless.

#131 IHCTD9 on 02.13.16 at 8:43 am

#118 Bobs ur uncle on 02.13.16 at 3:49 am

Man Tip: No woman has ever started an argument with a man while he was dusting, vacuuming, or washing the dishes.
——————–

Another man tip. Temper your cooperation somewhat, this kind of behaviour really gets the wifely juices flowing. Be nice to the kids, be nice to the pets, do a few chores around the house – you’ll be down on sleep real quick!

#132 dontcallmeshirley on 02.13.16 at 8:48 am

Sure, co-mingle your savings, but keeping the option of future strategic defaults obliges separation of borrowing.

Remember kids, two credit histories is better than one.

#133 Mr Happy on 02.13.16 at 8:57 am

“#2 taxmang on 02.12.16 at 5:41 pm
I am married and wife doesn’t work and we have two kids. What are some tax moves I can make?”

Did you not read the blog?????? Sheesh…..

#134 Paul W on 02.13.16 at 9:00 am

Another great post… keep up the good work Garth

#135 crowdedelevatorfartz on 02.13.16 at 9:03 am

@#56 Rick Stevens
“My advisor did such a plan for us just this week. He put some money in a Newfoundland-Hydro coupon bond…..”
+++++++++++++++++++++++++++++++++++

THIS Newfoundland Hydro?

http://www.google.ca/url?sa=t&rct=j&q=&esrc=s&frm=1&source=web&cd=11&cad=rja&uact=8&ved=0ahUKEwjZ4bLy8_TKAhVD62MKHQmzD3kQFghYMAo&url=http%3A%2F%2Fwww.theglobeandmail.com%2Freport-on-business%2Frob-commentary%2Fmuskrat-falls-becoming-an-over-budget-burden-on-newfoundland%2Farticle27809326%2F&usg=AFQjCNEMRbhw1BDYMv-GAoCW7wPZ8HwrJA&sig2=LPRQU3FcTsyMhehDbFMpSw&bvm=bv.114195076,d.cGc

Time for a new advisor.

#136 crowdedelevatorfartz on 02.13.16 at 9:09 am

@#117 FF
“I just prefer to have my girlfriends over in the afternoons as I like to sleep alone and wake up to no one there.”
+++++++++++++++++++++++++++++++++++

Wow! Very romantic.
Do you leave the money on the bedside table or in a jar by the door?

#137 economictsunami on 02.13.16 at 9:24 am

Apologies, forgot to include the link:

$12.3 trillion of QE has added up to…this?:

http://www.cnbc.com/2016/02/12/123-trillion-of-qe-has-added-up-tothis.html

#138 Daisy Mae on 02.13.16 at 9:31 am

#42: “As far as the person earning more paying more, why?”

**********************

Who knows? This method of calculation spills over into other areas, as well. For instance, in gated communities strata fees are based on the size of units. Owners of small homes pay less for garbage/recycling pickup than do owners of larger homes….both producing the same amount. These homeowners are assumed to be wealthier or needlessly extravagant and can, conceivably, afford to pay more? And so they do. Being penalized?

#139 Julia on 02.13.16 at 9:35 am

#89 TCContrarian

Same here. Everything goes into our joint account proportional to our respective incomes, except for what we agreed to each keep for personal expenses. I make all the investment decisions, pay all the bills etc… Husband has no interest in it whatsoever. I don’t think he even knows what utilities cost.

#140 Mike in Toronto on 02.13.16 at 9:51 am

#111 Greg

I wrote a client-side Greasemonkey script for Firefox which hides Mark’s posts. I considered adding people talking about Mark, but that seems to be less and less important.

It’s not that I hate the guy or anything, he encouraged me (indirectly) to improve my js knowledge. I just don’t like his posts and it was fun to write the script. Included a pastebin link if the mods let it through.

#141 Evangeline on 02.13.16 at 9:52 am

#36 nonplused
“never marry a woman who doesn’t intend to work unless you are super rich and can afford a trophy wife Trump style…”.

Maybe he married Melania, his current wife, for her money. When he met her in New York, she was already an international supermodel, cover girl, etc., and had made a fortune in her own right when he married her.

He gave his first wife Ivana a lot of management responsibility over various of his business concerns, and she didn’t enjoy that, because when she made mistakes, he didn’t give her any preferential treatment, but blasted her just like he did any other manager who’d messed up. That was part of the friction that led to their divorce. They are on good terms now.

#142 Daisy Mae on 02.13.16 at 9:56 am

#65: Thanks, Ronaldo! ;-)

I know it’s the thing to do but ‘working moms’ miss so much and will realize it eventually.

#143 Ace Goodheart on 02.13.16 at 9:59 am

You forgot rental properties. Should always be owned (indirectly, through a corporation) by the lower income spouse. Unless you plan to lose money on them for tax loss purposes and sell them later for a capital gain.

#144 Daisy Mae on 02.13.16 at 10:15 am

#96: “Daughter, 33 yrs old wants the big wedding next year….. $60 K at least…”

******************

Who says YOU have to pay any portion of the $60,000? LOL

#145 hope & ruin on 02.13.16 at 10:17 am

#102 IHCTD9 on 02.12.16 at 11:27 pm
They marry less, trust less, earn less, and pay more, pretty much right across the board.

Employing the wisdom of a couple time honoured financial maxims none can dispute for the modern day:

1. You’re screwed on a single income.
_____________________________________

This is a good point. So many millennials don’t realize how costly it is to be young & single. You go out more. more dates. nobody to split rent and grocery bills with. It’s brutal. One of my most expensive mistakes. But tinder was just so tempting.

@ Flop

mental image of rob ford doing the hula center court would definitely make it worth the price of admission lol.

#146 Daisy Mae on 02.13.16 at 10:20 am

#103: “#92 Rebecca on 02.12.16 at 9:56 pm Sorry but this post makes me sad. I wouldn’t want to marry a woman that doesn’t trust me with her “passwords”.”

******************

You’re kidding?! Banks are always stressing: “Don’t give out your passwords to anyone”….and they mean, anyone.

#147 For those about to flop... on 02.13.16 at 10:28 am

#117 Freedom First on 02.13.16 at 3:49 am
#87 flop

I know you don’t have a mean streak. I can see that. You’re just different.

/////////////////////////////
If being an average blue collar worker that comes home and has conversations with the same person each night makes me “different” then that’s something I can live with.
We are all different,just as we are all similar…

M41BC

#148 Penny Henny on 02.13.16 at 10:33 am

#68 Chris in Nanaimo on 02.12.16 at 8:01 pm
Ahhh yes, VD day…

/////////////////////////////////////
VD day? They have a day to celebrate an STD?

#149 JamesA on 02.13.16 at 11:17 am

Somewhat interesting / funny (if you watch to the end) video of Prof. Robert Shiller (of index and Nobel fame).

https://www.youtube.com/watch?v=bIaRRfpwi5A

about parents helping their kids buy real estate. He knows its in a bubble (and is famous for spotting bubbles) but does so anyway. Your genes control the switch for turning on your ability to reason clearly. They are in it for themselves (Get well Richard Dawkins!).

Now I need to figure out what this Shiller CAPE thing is/does.

Garth you should consider making a YouTube channel. If you do interviews its not that much work.

#150 crowdedelevatorfartz on 02.13.16 at 11:21 am

You poor, delusional Vancouver Gen X ers…………apparently its all your fault, not the Boomers…….

http://vanmag.com/city/vancouver-real-estate-bubble/

#151 For those about to flop... on 02.13.16 at 11:37 am

#118 Bobs ur uncle on 02.13.16 at 3:49 am
“She yells at me for making a mess in the kitchen but money arguments don’t blight my marriage.”

Lol.

Flop, FWIW, this was shared with me the other day:

Man Tip: No woman has ever started an argument with a man while he was dusting, vacuuming, or washing the dishes.

Best of luck ;-)
BUU

————————————–
Hope and ruin
mental image of rob ford doing the hula center court would definitely make it worth the price of admission lol.

/////////////////////////////
Good….we are in tumultuous times and I made a couple of people laugh.
Garth writes his thoughts for the day and then it’s up to us to inform and entertain each other.
Sometimes like last night I wish Garth lived on the west coast so it didn’t shut down so early…but then the Ontarian people get first crack in the morning.
It seems like 99% of the people on this blog are from B.C. A.B. And ON. Don’t people in the rest of the country care about what’s going on?
I suspect it comes down to little bit about lifestyle.
Big city living comes with people running around with dollar signs in their eyes.
I once backpacked in Nova Scotia for a month ,the friendliest people I have met since I have been here.
No real estate obsession and will give you their shirt off their back.I played golf with strangers and people I didn’t know we’re worried where I was eating dinner each night like I was an Ethiopian'(I am 6.2 250lb)
But their thoughtfulness was amazing.
Shout out to Nova Scotia…respect.

M41BC

#152 [email protected] on 02.13.16 at 11:56 am

#116

I do hope GT’s next post is less family oriented.
——————–
In Germany, a married man pays fewer taxes than a single man.

#153 [email protected] on 02.13.16 at 12:00 pm

Ponzius’s Law of Marriage.
“The length of a marriage in inversely related to the amount of money spent on the wedding”

#154 [email protected] on 02.13.16 at 12:02 pm

After the war, the Germans nullified most of the laws enacted by the Nazis.
Kindergarten and Familly Allowance survived.

#155 Retired Boomer WI on 02.13.16 at 12:11 pm

#150 For Those About To Flop…

I agree with your observations of those who reside in the Atlantic Provinces. Seem genuinely friendly, caring, and not quite so obsessed with material wealth. Then too, western ON, and eastern MB fit into that realm. Might just be as a mid-westerner from deep in fly-over country I recognize my own. Who knows? Might be the effects of those winters?

Having made those comments, I still spent most of my time in ON, and there was no lack of fun loving people, dear people there either. Since I have not been further west than the Peg, I can’t comment… yet.

No place I have ever been is without its home grown jerks, and there is no rhyme, nor reason should they congregate in bunches, which sometimes happens.

#156 Ace Goodheart on 02.13.16 at 12:16 pm

Rule of thumb for weddings: always request gifts in cash. (you don’t need 20 toaster ovens). That way you are at least making back some of the 60K or so it costs to hold these things.

Second rule of thumb: the wedding should never cost more than the divorce, adjusted for inflation…..

“No boxed gifts” = tacky. — Garth

#157 Daisy Mae on 02.13.16 at 12:19 pm

Misc info — might be helpful.

1. Emergency
The Emergency Number worldwide for Mobile is 112. If you find yourself out of the coverage area of your mobile network and there is an Emergency, dial 112 and the mobile will search any existing network to establish the emergency number for you, and interestingly, this number 112 can be dialed even if the keypad is locked. Try it out.

2. Locked Keys in Car
Have you locked your keys in the car? Does your car have remote keyless entry? If you lock your keys In the car and the spare keys are at home, call someone at home 0n their cell phone from your cell phone. Hold your cell phone about a foot from your car door and have the person at your home press the unlock button, holding it near the mobile phone on their end. Your car will unlock. Saves someone from having to drive your keys to you. Distance is no object. You could be hundreds of miles away, and if you can reach someone who has the other ‘remote’ for your car, you can unlock the doors or the trunk. Editor’s Note: It works fine! We tried it out and it unlocked our car over a cell phone!’

3. Hidden Battery Power
Imagine your cell battery is very low. To activate, press the keys *3370#. Your cell phone will restart with this reserve and the instrument will show a 50% increase in battery. This reserve will get charged when you charge your cell phone next time.

4. How to disable a STOLEN mobile phone?
To check your Mobile phone’s serial number, key in the following Digits on your phone: *#06# . A 15-digit code will appear on the screen. This number is unique to your handset. Write it down and keep it somewhere safe.

If your phone is stolen, you can phone your service provider and give them this code. They will then be able to block your handset so even if the thief changes the SIM card, your phone will be totally useless. You probably won’t get your phone back, but at least you know that whoever stole it can’t use/sell it either. If everybody does this, there would be no point in people stealing mobile phones.

5. Free Directory Service for Cells

Cell phone companies are charging us $1.00 to $1.75 or more for 411 information calls when they don’t have to. Most of us do not carry a telephone directory in our vehicle, which makes this situation even more of a problem. When you need to use the 411 information option, simply dial: (800) FREE 411 or (800) 373-3411 without incurring any charge at all. Program this into your cell phone now.

#158 Dan on 02.13.16 at 12:41 pm

Excellent advice. If they want their fun money that the other person can’t judge, they can each transfer some fun money to a sole account every payday. Then he can gamble or booze to his heart’s delight and she can buy shoes. But right on, on everything else being joint. One question though, if I bring sole investments into the marriage and then make her joint on them, does that mean she gets to split them in case of divorce? I understand the assets you bring into the marriage you keep (not the gains after marriage and not matrimonial home), but what if you make them joint?

#159 For those about to flop... on 02.13.16 at 1:05 pm

Hey Washed Up, I think the Dion Phaneuf trade was non hockey related.
Given the Metrosexual Messiah’s penchant for getting close to the masses ,I think the RCMP have called up secret agent Phaneuf to try and help out with the security detail.
The guy can’t stop guys doing what they want on the ice but maybe he will have better luck stopping a nutbar from taking regular photo ,as opposed to a selfie.
I suspect Phanuef will not be on the Rideau Canal detail as he has proven that he is useless on ice!

M41BC

#160 Rookie on 02.13.16 at 1:15 pm

I pulled 70,000 out of my savings back in the early fall to buy a home. The buying a home this is on hold for a bit but I am continually looking. What should I do with this money in the meantime? Is this a good time to invest or should I keep it out for the time being?

Are you not buying real estate because it’s too expensive, and not building a portfolio because things are too cheap? — Garth

#161 ww1 on 02.13.16 at 1:34 pm

#156 Daisy Mae

2. Locked Keys in Car
Have you locked your keys in the car? Does your car have remote keyless entry? If you lock your keys In the car and the spare keys are at home, call someone at home 0n their cell phone from your cell phone. Hold your cell phone about a foot from your car door and have the person at your home press the unlock button, holding it near the mobile phone on their end. Your car will unlock.
——————————–

I have to assume you did not test this yourself as it’s not going to work.

http://www.snopes.com/autos/techno/keyless.asp

Don’t think I’ll be trying any of the other tips to find out what they do either.

#162 nOTHING SURPRISES on 02.13.16 at 1:46 pm

You didn’t post my comments!

Why??

I don’t like you. — Garth

#163 nOTHING SURPRISES on 02.13.16 at 1:57 pm

Spoken like a true conservative!

“Trump of the North”

#164 Daisy Mae on 02.13.16 at 1:58 pm

$55: “Rule of thumb for weddings: always request gifts in cash. (you don’t need 20 toaster ovens).”

********************

Garth is right — utterly tacky. Rude, greedy, and did I mention….totally rude? Take your ‘rule of thumb’ and stuff it.

#165 For those about to flop... on 02.13.16 at 1:59 pm

Boomer 154

Having made those comments, I still spent most of my time in ON, and there was no lack of fun loving people, dear people there either. Since I have not been further west than the Peg, I can’t comment… yet.

//////////////////////////////

Hey Boomer ,I know you have talked about coming out west before…you need to bump the Canadian Rockies up your bucket list as it is such a special place.
Nothing wrong with the American section but independently the Canadian side is nicer ( and discounted for you)
I once spent two months driving from Vancouver to Yellowstone N.P and back awesome scenery via Glacier N.P living in my campervan.
Idaho is another underrated state.People joke that there is nothing going on but potatoes, but that couldn’t be further from the truth.Diverse scenery (hells canyon,lava flows,cute towns that Earnest Hemingway lived in)and friendly people.
Come out west ,it’s a different world.
I don’t mind winter holidaying in Florida like you, but you need to make the effort to check out the Rockies as a summer holiday ,it’s worth every penny.
Hope this helps brother.

M41BC

#166 Daisy Mae on 02.13.16 at 2:06 pm

#160: “I have to assume you did not test this yourself as it’s not going to work.

http://www.snopes.com/autos/techno/keyless.asp

Don’t think I’ll be trying any of the other tips to find out what they do either.”

*********************

Then, don’t. I generally check SNOPES about this stuff…and appreciate the fact you did. I’ll pass it on.

#167 Godth on 02.13.16 at 2:14 pm

#135 crowdedelevatorfartz on 02.13.16 at 9:03 am

Do you view the size of your URLs as a measure of your self importance or the size of something else that’s lacking? Ridiculous.

#168 Cici on 02.13.16 at 2:17 pm

#78 Freedom First

That was really sweet, thanks. I totally understand how you feel about being single…there are a lot of benefits, but sometimes you fall in love and compromise, and there can be benefits to that too.

Me and my sweet aren’t married, but we’ve been together for 5 1/2 years. We make the same income, have some shared accounts, but keep some of our stuff private–just works out best for both of us at this time…

Anyways, it’s true you have to watch your back because there are a lot of nasty and selfish guys and girls out there (my uncle got clobbered emotionally and financially by his greedy, cheating ex wife), but the good news is that there are more great, honest and fantastic ladies and men out there: they outnumber the bad ones (my uncle’s new girlfriend of two or three years is wonderful, and they do all kinds of fantastic stuff together, like sea kayaking etc.)

My point is not that you have to be in a couple, especially if you are better off on your own (which many people are without actually realizing it)…my point is just to keep open mind and positive attitude in general towards both men and women, and reserve the name calling for those who are guilty as charged ;-)

#169 Daisy Mae on 02.13.16 at 2:17 pm

#160: And further to last. A joke. We’ve gotten into the habit of giving cash/gift cards for Christmas. Well, instead of handing each other cash why don’t we just keep our cash, forget the whole ‘gift-giving’ thing, and call it a day? ;-)

#170 Nemesis on 02.13.16 at 2:20 pm

#KaledonianKumquats!,Or… #”It’sAGift”…

http://youtu.be/RNZ-AWLyDoA

[[email protected]: Context and secret decoder ring settings can be found on our most excellent host’s Twitter feed…]

#171 Daisy Mae on 02.13.16 at 2:21 pm

Actually, #160, my comment is for #162…but I’m sure everyone can figure it out.

#172 crowdedelevatorfartz on 02.13.16 at 2:25 pm

@#150 Ace Goodheart
“the wedding should never cost more than the divorce, adjusted for inflation…..”
+++++++++++++++++++++++++++++++++++

Not to worry.
If someone is insane enough to spend 60k on a wedding……..they’ll only have a useless photo album and debt when the divorce is finalized…..

#173 Metaxa on 02.13.16 at 2:29 pm

Boy Howdy!
Lots of free advice going on in this thread, eh?

I’ve got some too.

1) Be very careful and critical of “advice” you read online. This comment space contains highly suspect advice often.

2) What works for others might not work for you…see the various marriage templates in this thread, for instance.

3) trading your time for wages/salary will never be enough. gotta get multiple streams of income somehow. Your wages plus investment income sure but how do you start getting the investment income if your wages just cover daily/monthly outflows?

Today’s story:
My hair has been cut by the same person since she was a very young, very green, recent graduate of hair cutting school. She now is a mother to two fine young men, owns (outright) her home, car and hair studio, has a decent portfolio and above all else is a highly functioning and productive member of our community, giving freely of time and money to make it welcoming and safe and all that.

I’d like to think that the time spent chatting while she cut my hair had something to do with that, she certainly does. But it came from her. She found her comfort zone. She took and rejected advice, both. I didn’t hand her the dough to open her salon, she and I did go over how to prepare a proper business plan though. The first lender she approached wrote the loan too.

tl:dr find a mentor, in real life or online, who wants to help not pound a particular political philosophy into you. Anyone who spends any time devising cute but disparaging nicknames for various political leaders has nothing to give to you. for instance.

Dear Readers, tomorrow will be my lady’s and my 40th wedding anniversary.
Some of you sound like you really could use a hug. We have enough between us to go around, so if tomorrow you are still upset, obsessed, in flux, trouble sleeping or pooping, just pause, wait for the cyber hug.

Its coming, promise.

#174 Bottoms_Up on 02.13.16 at 2:45 pm

#92 Rebecca on 02.12.16 at 9:56 pm
—————————
Outside of love and wanting to build a life together, marriage is about trust and faith in each other.

Without trust and faith I think you are setting yourself up for a failed relationship.

A family functions from a pool of money, and both parties need to be accountable (especially with kids involved). How can you truly have trust and faith in each other if you cannot agree on how to use the family income?

I think separate accounts is just a breeding ground for secrets, and is a great way to avoid being accountable to the family unit.

#175 Farm Wife on 02.13.16 at 3:06 pm

#172 Metaxa “Dear Readers, tomorrow will be my lady’s and my 40th wedding anniversary.”

Congrats!!!

I just now realized that Garth, in a round about way, not only advizes us on money manners but also supplys good tips on how to live a well rounded life.

Been married 51 years so have gone thru most of the good and bad that life throws at us. The one thing that drives me crazy is when a young woman is venting about her husband
and I ask for some of his good points and the answer is he’s a good provider.

Although money is an important part of life it’s not the be all end all in a relationship. Perhaps the younger generations should look for the same qualitys one uses in choosing a good horse or dog. When things get tough in relationship it’s a good thing to have someone with a lot of bottom, one who will not cut and run but stop and figure things out.

IMO the all or nothing personality trait is the one thing I would advize to watch out for when choosing a mate or investing a little cash

#176 NOTHING SURPRISES on 02.13.16 at 3:08 pm

DELETED

#177 until 'delete' do us part on 02.13.16 at 3:09 pm

separate accounts?
All you’re missing is “trust”!

Hi and welcome back.. to plenty 0 fish.

#178 liqudincalgary on 02.13.16 at 3:09 pm

it wasn’t long ago that new homes could be optioned with two master bedrooms!

#179 Caught on 02.13.16 at 3:13 pm

The global equity bear market we’re currently experiencing will be the catalyst that brings down the Canadian housing market.

It’s debatable whether or not the US goes into recession.

This is similar to 1982.

#180 Godth on 02.13.16 at 3:14 pm

This $hit amazes me.
http://www.nytimes.com/2016/02/12/science/ligo-gravitational-waves-black-holes-einstein.html?_r=0

Does anybody read the critics anymore?
http://www.amazon.ca/Old-Physics-New-Alternative-Relativity/dp/0973291141/ref=sr_1_2?s=books&ie=UTF8&qid=1455393515&sr=1-2&keywords=old+physics+for+new
(interesting comments)

One of my favourite commenters on Amazon:
http://www.amazon.com/gp/review/ROC7BME55MZC6?ref_=glimp_1rv_cl

…and again:
http://www.amazon.com/gp/review/R3TWKXX184HH25?ref_=glimp_1rv_cl

…and my personal favourite:
http://www.amazon.com/gp/review/R3JCIBNZ49Y3RV?ref_=glimp_1rv_cl

I can’t say I understand any of it but when bullshit reigns supreme we may as well be back to voodoo. This is white man voodoo though so it counts for so much more.
https://www.youtube.com/watch?v=sI9OueMEfMY

It’s clear enough that nonsense rules, thus the fall can’t be far behind. Don’t worry, imagination and creativity are natural born characteristics of all humans – indeed life itself. Life can’t be reduced to a marching band, it’s jazz baby! Be Here Now! Spontaneity does not conform.

https://www.youtube.com/watch?v=_LXiSPpfM54
https://www.youtube.com/watch?v=NCv32GAUG7w

#181 Caught on 02.13.16 at 3:30 pm

I personally don’t think the US will go into recession despite a near bear market for the S&P 500.

If history is any guide recessions in the US occur after oil prices rise substantially, not after oil prices fall substantially. High US growth usually occurs after an oil price crash. The opposite is true for Canada as a whole (Ex tech & healthcare sectors).

#182 Ronaldo on 02.13.16 at 3:34 pm

#176 Caught on 02.13.16 at 3:13 pm

”This is similar to 1982.”

Not quite.

http://inflationdata.com/articles/inflation-cpi-consumer-price-index-1980-1989/

#183 NOTHING SURPRISES on 02.13.16 at 3:34 pm

DELETED

#184 espressobob on 02.13.16 at 3:34 pm

#179 Godth

There are no known math equations to predict the future. But this one might be of interest.

https://www.youtube.com/watch?v=O133ppiVnWY

#185 Ronaldo on 02.13.16 at 3:35 pm

#177 liqudincalgary on 02.13.16 at 3:09 pm

”it wasn’t long ago that new homes could be optioned with two master bedrooms!”

At least you didn’t have to kick the dog out of his house when things were wobbly.

#186 Ronaldo on 02.13.16 at 3:38 pm

Interesting and almost too crazy to believe facts about the U.S. economy.

http://inflationdata.com/articles/2015/12/26/58-facts-about-the-u-s-economy-from-2015-that-are-almost-too-crazy-to-believe/

#187 Snowboid on 02.13.16 at 3:47 pm

#156 Daisy Mae on 02.13.16 at 12:19 pm…

This would be useful information if any of it was true, but sadly they are all urban myths started about two years ago.

BTW, not sharing your passwords with a spouse is just plain silly – there are many ways to share an encrypted data file with all your passwords safely stored within it. If something happens to you or your spouse, not having passwords means it’s impossible to access the share accounts online.

#188 Godth on 02.13.16 at 3:56 pm

#183 espressobob on 02.13.16 at 3:34 pm
Yeah, ‘ole Al understood the nature of exponential functions. That’s within our grasp and yet that makes it unthinkable. Too doom and gloom though it illustrates our predicament and insanity wonderfully. Anyone that understood Al wouldn’t be investing in abstract b.s. but would instead invest in their own local communities, trying to make them more whole, resilient and integrated. Unsustainable means just that but we generally prefer hubris over humility though we all know actual human interactions are what’s truly valuable and that no man is an island we seem to need to learn that you don’t know what you’ve got ’till it’s gone, over and over.

“To make biological survival possible, Mind at Large has to be funnelled through the reducing valve of the brain and nervous system. What comes out at the other end is a measly trickle of the kind of consciousness which will help us to stay alive on the surface of this particular planet. To formulate and express the contents of this reduced awareness, man has invented and endlessly elaborated those symbol-systems and implicit philosophies which we call languages. Every individual is at once the beneficiary and the victim of the linguistic tradition into which he or she has been born — the beneficiary inasmuch as language gives access to he accumulated records of other people’s experience, the victim in so far as it confirms him in the belief that reduced awareness is the only awareness and as it be-devils his sense of reality, so that he is all too apt to take his concepts for data, his words for actual things.”
― Aldous Huxley, The Doors of Perception & Heaven and Hell

#189 Mark on 02.13.16 at 4:01 pm

http://www.huffingtonpost.ca/2016/02/12/negative-interest-rates-canada_n_9219892.html

“Canada is most likely to be the next country to chop its key lending rate below zero, says Marc Chandler, head of foreign exchange strategy at financial services firm BBH.”

“A new report from Citigroup doesn’t think Canada will be the next country to pull the trigger on negative rates (it nominates Israel instead), but says Canada is among a small group of countries that could go below zero in the next two years.”

Interesting to see that at least some economists are waking up to the idea that demand that would ordinarily emanate from the housing sector will be increasingly disappearing from Canada’s economy. Requiring extreme policy measures in response.

#190 NOTHING SURPRISES on 02.13.16 at 4:03 pm

BLOG DOGS…..Help me!

Bill (Garth) O’Reilly is deleting respectful and rational comment regarding pension deductions because he doesn’t like me.

” Mr . Turner, tear down this wall!”

#191 NOTHING SURPRISES on 02.13.16 at 4:07 pm

We’re in Florida for the winter.

How about single shot pistols at 50 ft. at Lake Erie this summer?

#192 family beagle on 02.13.16 at 4:20 pm

She, corner office vegetarian yoga babe, holds debts. Me, dusty entrepenuer, holds assets. She has firearm license. I have the motorbike license. Joint Us/cad/cheq accts. She set up the rrsp and tfsa and made me a spousal something or other. I made her beneficiary of my will. She set up my taxes as a small business. I built her custom furniture and a house. She has a file for receipts. I have a wad of cash. She rents in 604. I own in 250. On my visa there’s a $7charge for glow in the dark body paint. Ah, romance.

#193 Panhead on 02.13.16 at 4:23 pm

#164 For those about to flop… on 02.13.16 at 1:59 pm
Boomer 154

While we are doing a travel blog … don’t miss Nelson if you come out this way. So many nice places out west here … Watterton Lakes … Banff .. Jasper … Victoria … etc … etc …etc …

#194 Freedom First on 02.13.16 at 4:24 pm

#129 Ontario’s Left Coast

Married with children and a white picket fence. Most people’s dream. Not mine. Never mind the high financial risk aspect, and wanting to keep the lawyers and the courts out of my life. I put my Freedom First in all areas of my life. We all have the freedom to live as we want. I just think it is nice to let the young men know all the risks before they ruin their lives.

I have taken the road less traveled. Somebody had to. No regrets.

#195 Smoking Man's Old Man on 02.13.16 at 4:26 pm

I always gave my partner money every year for her tax free savings account (the maximum allowable) and to show me her gratitude she used that money and the earnings from that money to hire a divorce lawyer …

Stay single my friends… :)

#196 Godth on 02.13.16 at 4:27 pm

Putin’s Aleppo Gamble Pays Off
http://www.counterpunch.org/2016/02/10/putins-aleppo-gamble-pays-off/

Turkey Shells Aleppo, Says “Massive Escalation” In Syria Imminent As Saudis Ready Airstrikes
http://www.zerohedge.com/news/2016-02-13/turkey-says-massive-escalation-syria-imminent-saudis-set-launch-airstrikes

Marvin Gaye – Lets get it on
https://www.youtube.com/watch?v=x6QZn9xiuOE

#197 Freedom First on 02.13.16 at 4:28 pm

#136 Crowded fartz

I don’t pay for sex. Never have. I am single.

#198 espressobob on 02.13.16 at 4:40 pm

#187 Godth

You present a few points. But then again is are civilization going south? Only education and respect for our environment will save us. Not likely.

What time horizon do we peg? Exponential use of resources? Going, going, gone. Sounds like fun.

I agree with your thesis, unfortunately.

But instead of the doom and gloom, what positive development will improve the situation?

I’m all ears.

#199 crowdedelevatorfartz on 02.13.16 at 4:50 pm

@#166 Godth

Deep down …..you enjoy riding smelly elevators……its so primal and………. it might have been…….me.
There’s no shame in that.

#200 crowdedelevatorfartz on 02.13.16 at 4:52 pm

@#191 family beagle.

Wait a minute…….she’s a vegetarian and she has a Firearm License……….
Ever wonder what she plans on shooting?

#201 Godth on 02.13.16 at 4:57 pm

#197 espressobob on 02.13.16 at 4:40 pm

Positive and negative are two sides of the same coin. Que Sera, Sera. Nobody knows how this will shake out other than to say that this pattern of life is breaking down on every level.
https://www.youtube.com/watch?v=x59kS2AOrGM

#202 crowdedelevatorfartz on 02.13.16 at 5:01 pm

@#179 & 194 Godth

Ever get tired of endlessly posting links after the zippy one-liners??????

#203 Godth on 02.13.16 at 5:07 pm

#198 crowdedelevatorfartz on 02.13.16 at 4:50 pm

Your poor wife, Mr. Dutch oven and then this…
https://www.youtube.com/watch?v=c3fXmkDyvPI

#204 Smoking Man on 02.13.16 at 5:31 pm

Godth

The theory of relativity is poppycock. Einstein got a heavy lift from the community if you know what I mean.
All this Gravitational Wave bull shit is an effort to shore up Climate Science for the final push and enslavement.

Tesla the wack job who communicated with aliens nailed it. But he did communicate via the UCC.

Every atom in the universe is connected to every other atom by way of electromagnetic tether. The median is either. My 98% prediction rate in the archives isn’t a prediction at all, more of I willed it.

Very dangerous. It cost my nephew his life. I was super pissed at his parents, On Oct 17 2014 I was hammered screaming at god, AK the UCC.

The second I posted this my nephew fell of a mountain.
http://www.greaterfool.ca/2014/10/17/what-to-worry-about-2/#comments see comment #64.

How do you think birds grew wings, you think It is just random?
Ha not a chance. They started off as squirrels needing to get way from predators, they wished they had wings, the message sent out to the UCC. Atoms talking to atoms. A few generations later they can fly, we call them birds. That’s how it works.

Now you humans know.

#205 espressobob on 02.13.16 at 5:46 pm

#200 Godth

I find myself suffering some embarrassment responding to your post in the first place.

Trust me when I say, that won’t happen again.

#206 Godth on 02.13.16 at 5:47 pm

#201 crowdedelevatorfartz on 02.13.16 at 5:01 pm

I’m giving you plenty of room to explain it all to us.
https://www.youtube.com/watch?v=ioyhQwvAxdE

I do find it funny how George Lemaitre (priest) re-sold the obelisk (the christian trinity, the Monad) as the big bang and everyone has been chasing their tails ever since. “We Know” – sure you do.

Spin us a new tale, I love good bullshit and my own smelly farts.

#207 Smoking Man on 02.13.16 at 6:24 pm

Sitting at Stir at Seneca trying to get to the sweet spot of drunck to open up a good connection to the UCC to prevent ww3 as it is about to start on the Syria, Turkish Border.

The shit I do for Humanity.

Shirley Valentine please don’t approach me tonight, this is serious shit I’m doing. I need to concentrate.

#208 Conspiratard on 02.13.16 at 6:25 pm

So the libtards and femanazis think they have now pulled off a coup, conspiring and killing a Supreme Court Justice who was in perfect health.

Now Oweboma gets to appoint another man-hater to the top bench, tilting the balance guaranteeing we men will continue to be the most oppressed group earth has ever seen!

The “equality” the new court will seek is just code for stealing from those who have earned or inherited justly, to favour the piddling 99% who get what they deserve. It’s a character issue, people!!!

All on Valentine’s weekend; such a nice love letter to Hillary.

Coincidence? I think not.

I think not.

#209 For those about to flop... on 02.13.16 at 6:25 pm

#192 Panhead on 02.13.16 at 4:23 pm
#164 For those about to flop… on 02.13.16 at 1:59 pm
Boomer 154

While we are doing a travel blog … don’t miss Nelson if you come out this way. So many nice places out west here … Watterton Lakes … Banff .. Jasper … Victoria … etc … etc …etc …

///////////////////////////
Hey Panhead, yeah all good choices.
I did not list any towns in my post because I just wanted Boomer to get this side of the hump
I don’t feel too guilty about talking about travel on here because ..
A) travel is good for the soul
B) what good is all your money locked up in the bank/ investments,you have to live a little .
C ) I think the more people travel,the less conflict there will be in the world.If you don’t travel you only get to see immigrants struggling to fit in with western society, as opposed to in their natural environment.
To my knowledge I am one of the few people on here that has visited Syria.
D) Its Saturday,no post from the boss today, so we have to keep each other entertained.
E) In my house a lot of the years a marked by where we travelled that year.2008 is not the year of a financial meltdown …in my house it was the year spent 2 months with my wife driving up to the Yukon and back.
My financial meltdown happened in Dawson City when I had to pay 2 bucks a litre…
Peace.

M41BC

#210 Keith in Calgary on 02.13.16 at 6:37 pm

Garth’s advise it totally incorrect in the real world.

The legality of divorce in Canada ensures the male gets screwed, as the courts and laws were written to favor the feminazis.

#211 waiting on the westcoast on 02.13.16 at 6:39 pm

#203 Smoking Man on 02.13.16 at 5:31 pm

Smoky… While all theories are models, I think you need to get back on (or off depending on which is more applicable) of the meds (legal or otherwise). ;-)

In the meantime, my UCC is yelling me Yellin hikes in March…

#212 Keith in Calgary on 02.13.16 at 6:50 pm

I accidentally hit “enter” before finishing my post.

My sister just got divorced from her husband of 30 years. They both have equally as high paying government jobs, no debt issues, and had a house with $75K equity.

He gave her the house, and walked away. So far, so good. She was always a bitch though.

She served him with papers and she got a $1,000 monthly alimony payment ordered. They have no children to support and she debt services just fine on her own. She just got a new mortgage for a different house in the Pembroke a few months ago.

Is that fair ?? He’s 175 pounds, has a new girlfriend, but is making the payments, and she is 300 pounds and has a bum knee. Karma baby……..

I got married in Brasil and under Brasilian law what you bring to the marriage and what you earn from those funds is your own forever. It cannot be seized.

What you do while married with funds you put into the joint marriage asset is split 50/50 and there is do deviation from that. Pretty simple, cut and dried. It’s written right in the marriage document you sign.

My wife and I have our own assets, have been married for 15 years and couldn’t be happier. Sure we know who’s got what, and were, but legally, who can touch it, is another story.

If you get married in Canada, set up your banking arrangements carefully, do not disclose anything, hide your money and be ready to transfer it somewhere else the moment you think it is over, even if she doesn’t know where it is. Encumber your hard assets with liens, cross securitize what you need to, lease what you need to. Lie in court. Fight the system, as it is tilted against you. It’s not hard to do if oy plan. Hell, even pay a divorce lawyer to tell you how to do it using a fake name. They’ll take money for anything.

#213 mark on 02.13.16 at 6:55 pm

That’s nice now what ideas do you got for rest of population that’s not married or attached.
Zipp. .?

#214 Entrepreneur on 02.13.16 at 6:56 pm

Good advice as always GT but times have changed and the youth changed with it. They are testing themselves to be financially capable. Nothing wrong with that. Also, I don’t even give my spouse my pin number.

It is too bad that the public school system likes to push the sex education on the youth but not the financial side of life. Financial matters matter the most (play on words there), should be at the top. When in a relationship love goes further (a builder block) than just sex.

Valentines and romance go together.

#215 Herb on 02.13.16 at 6:58 pm

#172 Metaxa,

thanks, and Happy Anniversary!

#216 Julia on 02.13.16 at 7:05 pm

#168 Daisy Mae

After a relative had, shall we say, a tantrum for not liking the gift we gave them at Christmas, we put an end to gift giving between us. We asked them to stop the gifts to us, we give money to charity instead of buying them gifts. It has worked wonderfully for 6 years now.

As far as wedding gifts go, it has gotten ridiculous when speaking to people planning their wedding when they factor in the cash they expect as gifts to help pay for the wedding. Maybe they should just sell tickets instead. I don’t get it. When I invite people over, whatever the occasion, it’s on me. Period. Why should I expect others to pay?

#217 Smoking Man on 02.13.16 at 7:11 pm

When a random woman asks to sit in your booth a desision needs to be made, knowing the wife will be coming for more loot to feed a slot machine addiction soon.

Rule 1

If she’s 20 lbs lighter a defent NO.

20 over, hell ya….I’ll even buy her a drink. Wife won’t mind.

Woman is all I’m saying.

Dr Smoking Man
PhD Herdonomics.

#218 Smoking Man on 02.13.16 at 7:21 pm

Fatty don’t mess around, what do you do for a living.

I said “I’m an observational technologist.”

“Wow do you have a degree in that, I’ve never heard of it.” She said.

“PhD bitch” …I said

“Wow I’m hanging with a proffecer. ”

Sort of warming up to lonely fatties , after all we share the same atoms. She’s just got a few more.

Wife friendly I’m thinking.

#219 Bill on 02.13.16 at 7:50 pm

I said 6 months ago cash was king folks….Numerous TIME here….
Yes don’t time the market stand in the way of a major storm…
my 2% is WINNING…..
Share blow out is not over….Ill be happy to buy a large discounts.
The world is bent at these days.
Oil buy is down the road but gold is now…

#220 Ace Goodheart on 02.13.16 at 7:55 pm

# 163 Daisy Mae

$55: “Rule of thumb for weddings: always request gifts in cash. (you don’t need 20 toaster ovens).”

“Garth is right — utterly tacky. Rude, greedy, and did I mention….totally rude? Take your ‘rule of thumb’ and stuff it.”

Thanks for that, made me smile. Of all the bizarre comments here about how to and how not to operate financially in a marriage, mine (about cashing in on a wedding) is the one that is picked.

I love all cash weddings, tacky though they may be. If you are ever in the position of getting married, and you find yourself standing amidst a pile of useless kitchen appliances, bathroom sets and duvets, while trying to figure out how to pay the bills for the open bar, full catered dinner, hall rental and wedding dress, just remember what I told you…..all cash gifts is best……

#221 crowdedelevatorfartz on 02.13.16 at 7:57 pm

@#202 Godth

ahahahahaha good one.

Mr Dutch Oven………hmmmmmm.
That DOES have potential!

Perhaps on another blog. I have too many followers here and I dont want to disappoint. Alas another time.

As for Kim Catrell. Nice gal. Met her once when she was back in BC to visit family in Courtney.

#222 Smoking Man on 02.13.16 at 7:58 pm

DELETED

#223 For those about to flop... on 02.13.16 at 8:08 pm

This will cheer Bandit up…

M41BC

http://www.thesun.co.uk/sol/homepage/news/6928243/Grumpy-Persian-mog-Albert-becomes-a-web-sensation.html

#224 jaybee on 02.13.16 at 8:11 pm

Sometimes, I read Mark’s comments for the comedy of it. When I do I picture a voice of “Brainy Smurf”. It just seems appropriate to set the “know it all tone”. Although Brainy smurf, was actually smart.

#225 LP on 02.13.16 at 8:32 pm

#173 Bottoms_Up on 02.13.16 at 2:45 pm
#92 Rebecca on 02.12.16 at 9:56 pm
—————————
Outside of love and wanting to build a life together, marriage is about trust and faith in each other.
**************************
On the way home tonight we passed a church in the village down the road. There is a sign board out front on which they post a different axion or inspirational thought every week.

This week’s says, “Faith makes it possible but not always easy.” To me, outside of the religious connotation, it sums up what marriage can and should be: faith in each other and in what, together, you can make of a partnership.

#226 Russ on 02.13.16 at 8:34 pm

Holy Smokes (man)

It sound like you’re giving away the secret.

And teaching the Law of Attraction.
http://www.imdb.com/title/tt0846789/

#227 family beagle on 02.13.16 at 8:54 pm

#199 crowdedelevatorfartz on 02.13.16 at 4:52 pm
@#191 family beagle.

Wait a minute…….she’s a vegetarian and she has a Firearm License……….
Ever wonder what she plans on shooting?

Na, she shoots little paper circles and she’s very good at it. I’m proud of her certification. The only thing dangerous is her egg plant recipe (shhh).

#228 Retired Boomer WI on 02.13.16 at 9:05 pm

#164 For Those About To Flop…

I mis-spoke. I haven’t been west of the Peg in Canada-that’s true. But, I have been to Wallace ID, Seattle, Whitby Island, WA, and parts of OR. Just never crossed into Canada that far west… Used to be easy, without a passport. Since 9/11 and the new bullshit to ‘lock us in’ it hasn’t been that high a priority. This year we’ll change that shit.

Time is getting shorter, why not enjoy it?

#229 WUL on 02.13.16 at 9:09 pm

SMOKING MAN:

I issue a clarion call for you to come to Calgary as we need your battle hardened resolve as this country’s strongest free speech advocate.

Tape bottle caps to your knuckles (like the glory days in Jr. B). And, bring a placard. “FREE EZRA” will do.

You have stated that you are a fan of and supporter of Ezra Levant (his stances on Israel’s actions and policies excepted). .

Seems his approach to free speech may have landed him in the glue with the Law Society of Alberta. His speech is the subject of a disciplinary hearing February 29, 2016 to March 2, 2016.

The allegations are:

1. It is alleged that you were publicly discourteous or disrespectful to a Commissioner or Tribunal Chair of the Alberta Human Rights Commission and that such conduct is deserving of sanction.

2. It is alleged that your public comments regarding the Alberta Human Rights Commission were inappropriate and unbecoming and that such conduct is deserving of sanction.

3. It is alleged your public comments regarding the Alberta Human Rights Commission were inappropriate and unbecoming and that such conduct is deserving of sanction.

You can protest on the street first and then proceed to the hearing room.

Decorum in the hearing room includes:

1. No smokes or JD; and

2. No chirping from the cheap seats.

Mild guffaws and eye rolls should be OK.

See you at the airport.

#230 Chris in Nanaimo on 02.13.16 at 9:19 pm

#203 Smoking man

You use General Relativity everyday if you have a smart phone with GPS.

#231 Smoking Man on 02.13.16 at 10:12 pm

To the wife
https://youtu.be/BP0IXOr9O8U

#232 Nemesis on 02.13.16 at 10:29 pm

#StrictlyValentines… #forScott&FransEverywhere….

https://youtu.be/WRx0b993Lj4

#233 Godth on 02.13.16 at 10:31 pm

#228 Chris in Nanaimo on 02.13.16 at 9:19 pm

blah, blah, …blah, blah, blah
http://www.amazon.ca/Old-Physics-New-Alternative-Relativity/dp/0973291141/ref=sr_1_2?s=books&ie=UTF8&qid=1455393515&sr=1-2&keywords=old+physics+for+new

#234 Herb on 02.13.16 at 10:35 pm

#218 WUL,

if SM flies to Ezra’s defence, I’ll get on the next plane to cheer on the Law Society.

#235 AfterTheHouseSold on 02.13.16 at 10:56 pm

#113 WUL
“Where is everybody?”

Happy belated birthday.

https://www.youtube.com/watch?v=6zsAKJYBHyE

#236 Jonah on 02.14.16 at 12:11 am

Get married, so you can

1) buy from a crook Builder who finishes your house incomplete and with the poor workmanship

2) get Mortgage from horny Banker or Lender, who gives you maximum years (prison) with hefty penalties.

3) claim Tarion warranty to only find out that Tarion is there to protect the crook that you got the house from

4) attempt to take the Builder to court only to find out that Lawyer is another crook with hands deep in your pocket ( who cares about the outcome)

5) attempt to sell it back, only to find out that 5% reality show fee

6) learn that in Canada buying a house is like enslaving your self for 30 years.

#237 Around town on 02.14.16 at 12:42 am

DELETED

#238 Tony on 02.14.16 at 1:18 am

Re: #15 Rick on 02.12.16 at 5:57 pm

A second chance for all the people who didn’t get short oil around the 33 dollar mark U.S. Up 10 percent only to lose another 17 or 18 percent in the next week or two. Putting the low in for February at $25.37 intraday.

#239 I like cookies on 02.14.16 at 1:27 am

[A] husband and wife can take their separate savings and investments and plop them into a joint, non-registered investment account. The returns earned over time – interest, dividends and capital gains – can be equally attributed to each, instead of having them pile up in the hands of the partner who pays the most tax. Many couples legally manage to have the bulk of the gains attributed to the one in the lower tax bracket.

Is this technique available to all married couples? If so, I wonder what then is the point in the other strategy of the higher-earning spouse loaning the lower some money to invest at 1% a year, as this is just more work than using a joint account and attributing all the gains to one spouse? Are there are other factors involved?

#240 Shirley valentine on 02.14.16 at 1:46 am

#216 Smoking Man on 02.13.16 at 7:11 pm

When a random woman asks to sit in your booth a desision needs to be made, knowing the wife will be coming for more loot to feed a slot machine addiction soon.

Rule 1

If she’s 20 lbs lighter a defent NO.

20 over, hell ya….I’ll even buy her a drink. Wife won’t mind.

Woman is all I’m saying.

Dr Smoking Man
PhD Herdonomics.

Happy valentine’s day to the most studly beast of an alien ..SMOKEY BABE…

That’s not me smokey!!!.. jeez 20 lbs over… well, well, fat bottomed girls making the rocking world go round

#241 Ace Goodheart on 02.14.16 at 2:29 am

One thing all of us have to remember here, and this might be something even Garth hasn’t figured out, is to ask the question “where do banks get their money?”

The answer I keep hearing is “from the government, that sets interest rates, and provides bankers with their capital, which they then loan out at interest”

This is just not true. The government comes a – begging once every five years, to get enough cash to get re-elected. They also collect tax, but never enough to pay their bills.

Banks get their money from us. You, me, and everyone else who works and saves. Stop us from working, and the cash flow stops.

So why is it that although our central government controlled bank is maintaining very low interest rates, our Chartered Banks seem to be tightening the leash and raising the costs of borrowing?

They don’t have as much money. Think about that. These guys don’t have as much flow as they used to, so they are being careful.

Kind of makes you second guess the all powerful-ness of our Central Bank, doesn’t it?

#242 Ace Goodheart on 02.14.16 at 3:55 am

Oh and there’s one more thing (cue “Fear Factor” reference)….In order for oil to be worth anything, considering there is a lot of it, basically everywhere, you need a war. Ask George W. Bush. When your V.P. is an arms dealer and your family has close connections to the House of Saud, you want to start fighting. Anyone, anywhere close to where oil is produced. Doesn’t really matter, just find a target and start shooting.

In order for Alberta crude to be worth anything, you need something called a “Bitumen Upgrader”. These things are freaking expensive. And they cost mad dollars to run. Oil workers have been in SUV and RV heaven for years, servicing these things. They are large, vast, require a lot of water (not the best thing in the current socialist republic of Albertistan) and they create environmental issues that can be viewed from space.

So if oil is the only thing that allowed us to remain viable as a country, while the rest of the world collapsed into “oh crap, we have to actually pay for that?”, just remember…. bitumen upgraders. That is what this is all based on. Large, expensive things, that cannot produce oil for $30.00 per barrel.

#243 Raging Ranter on 02.14.16 at 8:49 am

Nope, no, nada. If I were married, I would absolutely keep my finances separate and pay my equal share of household expenses. Not everything is about maximizing financial gains. Hope for the best, plan for the worst. Happy to share financial information and planning with a significant other, but not account passwords.

@ #92 Rebecca: Then we owe you a big thank you. It is because people like yourself are willing to pay more taxes than necessary that people like myself (and wife) are able to pay less. If every couple maximized their income splitting opportunities, the government would take in billions less than it does right now, and taxes would need to increase across the board. Thankfully, we have generous donors such as yourself, willing take one for Team Canada, which allows the rest of us to pursue income splitting relatively unimpeded. Happy Valentine’s Day.

#244 Apocalypse2016 on 02.14.16 at 9:32 am

Listen to extreme right-winger, former Bush speechwriter and true believer, David Frum on CBC this morning, describing the state of America.

“overwhelming pessimism” dominates people’s feelings about the economy

“average families have $4000 less in annual income than they did seven years ago”

“life expectancy for white people is actually
DECLINING”

Lots more red flags – listen to the interview.

http://www.cbc.ca/radio/thesundayedition/surviving-a-tough-interview-revolutionary-presidential-candidates-facebook-s-rise-to-global-domination-1.3443850/you-say-you-want-a-revolution-1.3445657

This is what more objective right wingers are saying about what is REALLY going on in the USA. That tells us, things are really much, much worse!

Garth, you have frequently talked about how good the USA is doing.

Respectfully, you are completely wrong. The USA is about to tank, horrifically. Everyone senses it.

There will be depression, war, chaos.

Coming very soon :(

#245 Daisy Mae on 02.14.16 at 9:37 am

#219: “….while trying to figure out how to pay the bills for the open bar, full catered dinner, hall rental and wedding dress, just remember what I told you…..all cash gifts is best……”

*****************

Why such elaborate weddings? What a waste. Who are you trying to impress?

#246 Daisy Mae on 02.14.16 at 9:41 am

#219: “…just remember what I told you…..all cash gifts is best.”

***********************

Why not do with ‘Julia’ suggests? Sell tickets at the door.

#247 Daisy Mae on 02.14.16 at 9:46 am

#219: Hey, that’d be easy to calculate price of tickets. Spend $60,000, divide by 100 guests = $600 each!

#248 Renter's Revenge! on 02.14.16 at 9:56 am

#235 Jonah on 02.14.16 at 12:11 am
“6) learn that in Canada buying a house is like enslaving your self for 30 years.”

Some people just seem to really like paying their mortgage and maintaining their house. It must give them a sense of accomplishment or something. Or maybe they don’t have any better ideas for their life.

The hardest part about being a renter is deciding whether to retire at 35 or keep working towards a more spendy retirement at 40 or 45. I guess it’s a balance between freedom and luxury. Tough decision, though.

#249 economictsunami on 02.14.16 at 10:04 am

Ah Valentine’s Day. Marketing conditioning at it’s most Pavlovian.

Simple tax tips to help couples score big on their tax returns

http://globalnews.ca/news/2510153/simple-tax-tips-to-help-couples-score-big-on-their-tax-returns/

The World is Turning Japanese [Chart]

http://www.visualcapitalist.com/world-is-turning-japanese-chart/

Central Bank’s Peter Pan Syndrome. Just lost boys who never grew up…

#250 For those about to flop... on 02.14.16 at 10:21 am

Happy Valentines Day.

WARNING…THERE ARE SOME THINGS YOU CANT UNSEE!

M41BC

http://www.thesun.co.uk/sol/homepage/features/6929295/Are-these-the-10-most-awkward-Valentines-Day-photos-ever.html

#251 For those about to flop... on 02.14.16 at 12:04 pm

Daisy Mae ,stop posting and go and get your son Mark out of bed…

M41BC

#252 Russ on 02.14.16 at 1:20 pm

Say What?

“Trudeau is a jerk. A total loser. A pathetic moron. A third-rate talent.”

Donald Trump
==================

Update from Doonesbury.

At last, we made American MSM.

#253 Leo Trollstoy on 02.14.16 at 1:57 pm

less than 3% of u are worth dating. low bar.

http://www.businessinsider.com/highly-eligible-singles-2016-2

#254 45north on 02.14.16 at 2:00 pm

more on Target:

an article in Canadian Business confirms that it was the real estate deal that drove the expansion into Canada:

one employee bravely asked Fisher what he would do differently if he could do the launch over again. Taking the microphone, Steinhafel, Target’s CEO, didn’t hesitate with his answer: He would renegotiate the real estate deal that facilitated the company coming to Canada in the first place.

another quote: The Canadian expansion was ultimately driven by Minneapolis, and because of the real estate deal hatched by CEO Gregg Steinhafel, the company was committed to opening these stores. Speaking up wouldn’t have changed much. “That’s why, in the end, nobody fell on a sword. Because of the leases, it had to move forward.”

http://www.canadianbusiness.com/the-last-days-of-target-canada/

business drives real estate, not the other way around

#255 Daisy Mae on 02.14.16 at 2:09 pm

#242: “Happy to share financial information and planning with a significant other, but not account passwords.”

********************

And, why would anyone need to know? If you plan to access your partners accounts, it begs the question ‘why’? LOL

#256 Julia on 02.14.16 at 2:20 pm

#253 45north

The Company’s affidavit in the bankruptcy filing also gives an in-depth perspective of the failure. It’s all public information.

#257 Peppy sue on 02.14.16 at 5:02 pm

Ontario’s Left Coast, I enjoy the many trips I’ve made to Goderich, Bayfield, and the Huron area….and I also enjoyed your posts today. Thanks for the wit and wisdom.

#258 Craiger on 02.15.16 at 8:57 am

Re #56 and #106

Spock I think you are right.

The spousal 1% loan won’t work if you are currently getting the spousal deduction. He claimed to save 2400 in tax per year but didn’t properly factor in the forgone spousal credit thus about 1650 when looking at both federal and provincial credits (7500*(.15+.07)). Hardly worth it after costs to set it up. Might be better utilized when say you have someone who is already taxable and one person is in the top bracket and the spouse is taxable but in a lower bracket.

Ps Keep it up SM always entertaining appreciate the laughs. What’s your game? Or just the bar…