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The housing slowdown in Toronto means Canadians, overall, aren’t getting any richer.
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Rising house and stock prices are behind Canadians' rapidly-growing riches.
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Beyond helping break the cycle of constant consumption and allowing people to focus on things that matter -- like friends, family and time in nature -- a shorter work week would also reduce rush-hour traffic and gridlock, which contribute to pollution and climate change. It could help reduce stress and the health problems that come from modern work practices, such as sitting for long hours at computers. And it would give people more options for family care.
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Global examples demonstrate there is no single solution. We are left with two fundamental questions: Is it possible to measure success in promoting inclusive growth? And will that convince policymakers and citizens alike that inclusive growth is worth the investment?
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As a therapist I often see people searching for fulfillment and meaning in their lives. Many people come into my office trying to figure out why they have so many beautiful things in their lives, but are unable to enjoy life. They often seek therapy because they are feeling unsettled and unhappy. This seems to not just be an individual struggle, but a societal struggle as well. It appears that as a society we have an abundance -- but we are struggling with high levels of depression and left feeling unsatisfied despite all of the beautiful stuff we surround ourselves with .
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The wealth management industry is rapidly becoming more complex and changing fast to reflect diverse generations, technology and industry regulation. A new set of strategies and tactics will need to be developed to get ahead of the curve and drive revenue growth and assets under management.
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There are more than a million millionaires in Canada today.
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You don't need a high paying job with a high profile company, nor do you need to invent the next big revolutionary green technology. In fact, you can make a very decent living and achieve a comfortable degree of wealth while working in the environmental area and living a low impact lifestyle. I know because... well, I know people who have done it.
Is it collusion, corruption or just plain incompetence? That answer will likely play out over time if there is a public demand for accountability. In the meantime, Canadians need a plan to make sure that our leaders understand what we have known for a while -- the tax system is neither fair nor doing an adequate job.
A landmark case that dominated news and talk shows worldwide, the O.J. trial has been resuscitated by FX's biographical crime drama "American Crime Story: The People vs. OJ" to rave reviews. The series, which has been praised for its critical look at the most beloved "Trial of the Century," opens a Pandora's box of tidbits, either long-forgotten or unknown to most viewers.
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In a 2015 global study by Morningstar, Canada's investment environment was rated the worst in the developed world when it came to Fees and Expenses. Don't worry, though, there's good news; our D- score is up from the F earned in 2014. The real question is the implication of our less-than-impressive grade.
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Today, it takes more brains and effort to make out the income-tax form than it does to make the income. - Alfred E. Neuman 1) Prioritize Three Contributions RRSP Offers best tax sheltering option for...
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Over the decades anyone who's a mover or shaker, along with those wishing to be, appear in Davos in a fascinating attempt at reading the global tea leaves. We know who they are and their ranks have grown to include celebrities -- actors, singers, authors -- who mix with the traditional grouping of financiers, politicians, and non-profit leaders.
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With a longer life expectancy, women have to realize the impact that overly conservative investing can have on their ability to reach their financial goals.
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This is the face of Donald Sterling. And those are the brothers Koch, Charles and David, who spend most of their money trying to help others with no thought of benefit for themselves. These three men belong to one of America's fastest growing disadvantaged groups: billionaires.
The federal leaders' debate on the economy focused on important issues but no one talked about a different vision for Canada's economy. A better economic vision would support the right of all Canadians to live in a healthy environment, with access to clean air and water and healthy food. It would respect planetary boundaries and provide the moral imperative to decrease growing income disparities. Businesses would be required to pay for environmental damage they inflict, capital would be more widely distributed and ideas, such as employee shareholder programs with ethically invested stocks, would be the norm.
Shortly before he was tragically assassinated, Mahatma Gandhi spoke of current troublesome trends that he eventually titled The Seven Sins. Over 60 years later, these seven blunders have been so institutionalized that they have been structured into modern society in ways that are endemic.
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I have nothing against the word success or even it's traditional definition. It's just a word, after all. But let's call it what it is. It's a benchmark for performance and attainment -- a measuring stick. Tangible metrics are important and have their place, particularly in the business world. But if you're looking for personal fulfillment, it's not likely that traditional measures of success are going to get you there.
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Everyone deserves to have a day to feel special. Luxury can be associated with expensive outings, taste and experiences; however it can also be inspired by a sense of self worth and the way people make us feel. A life of luxury may seem out of your reach; but money isn't the only way to make you feel like you are worth thousands.
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Oxfam will take on the most powerful and wealthy organizations and individuals in the world. And the voice on this occasion is Winnie Byanyima, Oxfam's international spokesperson, speaking to the global elite as they gather this week in their annual state of the global economy meetings in Davos, Switzerland. And does she ever have a story to tell, backed by research and motivated by a deep sense of social justice. Byanyima will hit those people present with a remarkable and troubling truth: as of next year, over half of the world's wealth will be owned by the top 1 per cent. This is staggering, perhaps even representing the end of the economic order we have known and which sustained the West for decades.
What does it take to become a millionaire? I posed that question to 52-year-old, self-made millionaire Bobby Genovese. With a net worth of over $200 million dollars, the venture capitalist seems like a pretty perfect person to offer up some valuable advice.
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As a therapist I have worked with many successful women who have the "fraud syndrome," where they think they do not deserve the success they are experiencing and that somebody somehow will find out that they are faking it. There are also those who are suspicious of success and power. Here are some of the common blocks and defeating thoughts that women commonly experience.
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What should women expect in terms of a financial plan? The plan should include a cash flow projection -- this means how much money you earn and spend in a month, a net worth statement -- which are your assets minus your liabilities, as well as a projection of your net worth throughout their lifetime.
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The rich have gotten richer, but the poor have gotten richer too. Wages have not stagnated. The decline of the middle class that you might have heard about is not due to people earning less and so becoming lower class. The middle class has shrunk because more of us are earning an upper class income.
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A successful estate distribution is one in which the family receives as much (and the taxman as little) as possible and the family is still able get together for the holidays without too much drama. Take steps to make this outcome likely by initiating a family discussion today.
As warmer spring weather finally arrives, many of us long for the great outdoors with walks, bike rides and the Holy Grail -- cottage getaways. The notion is that if we could only spend more time out of the city, we'd be both happier and healthier. The reality though is somewhat different.
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In the early 2000s I started to read about the Dalai Lama. It was a revelation to view the world through the eyes of compassion. Venturing to the grocery store, driving in traffic, all became a practice of kindness. Then after I became comfortable with the concepts of Buddhism. I embarked on yoga. This extended my mindfulness. Now I continue to bring these concepts together and combine them with visualization.
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In a recent study researchers called doctors' offices in Toronto while playing the role of a person looking for a family physician. Doctors' offices were 58 per cent more likely to offer an appointment if the caller mentioned that he or she had a high-status job than if he or she mentioned receiving welfare.
TORONTO — Sun Life Financial says 2013 wasn't a great year financially for most Canadians. An Ipsos Reid survey conducted in November for Sun Life found that, overall, 57 per cent of Canadians felt th...
OTTAWA - Canadians are richer than ever, even if they also have near-record debt.A new report by Environics Analytics puts Canadian household net worth at the start of the year at over $400,000 for th...
This week has been an emotional roller coaster for Canadians who follow the news. Lost in the shuffle were two stories that were of no particular importance, relatively speaking, to Canadians. One of them is about the way well-heeled Manhattan moms have worked the lineup system at Disney by hiring a disabled person to be a "family member" for the day.
Imagine if someone walked up to you on the street today and handed you a $20 bill. You'd probably be pretty happy, right? That will get you a good lunch. But you'd be even happier if you used the $20 to buy someone else lunch. It's true, and it's been scientifically proven.