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Money Management For Canadians All-in-One Desk Reference For Dummies, 2nd Edition



Money Management For Canadians All-in-One Desk Reference For Dummies, 2nd Edition


All the information you need to manage your money wisely in one great guide

Looking to expand your knowledge of money management? This all-in-one resource is the tool you need. From dealing with debt and setting financial goals to starting a small business and planning your estate, this indispensable desk reference is bursting with sound financial advice. Our Canadian financial experts offer the insight you need for making first-class money-management decisions.

  • Setting financial goals — determine your money personality and set a financial course that works for you

  • Getting yourself out of debt — tackle credit problems and expense issues to set yourself on the right path

  • Buying and selling a home — get the home of your dreams for the best price and sell your house easily and profitably

  • Understanding investing essentials — explore your options to make the most of your money

  • Building wealth through stocks, bonds, and mutual funds — buy the most profitable investment vehicles no matter what the economic climate

  • Planning your retirement — build your RRSPs to enjoy a comfortable retirement free from money worries

  • Readying your estate — ensure that your estate is properly managed and safe from taxes

  • Starting a small business — set out on an entrepreneurial adventure with everything you need to be successful

"An indispensable reference guide."
Mike Gillespie, Canwest News Service

Open the book and find:

  • How to manage your money to meet your goals

  • Budget tips to help you save more

  • How to reduce the taxes you pay

  • Expert tips on buying your perfect home

  • The best investments for your personality and goals

  • How to build a diversified portfolio

  • The scoop on how much you'll need to retire comfortably

  • Essential information on estate planning

  • What you need to succeed in small business

Introduction 1

Book I: Taking Stock of Your Financial Situation 7

Chapter 1: Your Financial Snapshot 9

Chapter 2: Setting Financial Goals 23

Chapter 3: Distinguishing Needs from Wants 33

Chapter 4: Saving Smartly 43

Chapter 5: Spending Wisely 49

Book II: Money Management Basics 59

Chapter 1: Getting Credit (Where Credit Is Due) 61

Chapter 2: Getting Into Debt 69

Chapter 3: Getting Out of Debt 85

Chapter 4: Budgeting and Record Keeping 113

Chapter 5: Planning for the Inevitable: Taxes 137

Book III: Home Sweet, Home Free 145

Chapter 1: Deciding to Buy 147

Chapter 2: Discovering Your Perfect Home 173

Chapter 3: Getting the Home You Want 201

Chapter 4: Deciding to Sell 221

Chapter 5: Preparing to Sell Your Home 243

Chapter 6: Sealing the Deal 261

Book IV: Investment Fundamentals 289

Chapter 1: Setting Realistic Goals and Expectations 291

Chapter 2: Your Savings Choices: Savings Accounts, Tiered Accounts, and GICs 299

Chapter 3: Stocks, Bonds, Mutual Funds, and Real Estate 305

Chapter 4: Monitoring Your Progress 327

Chapter 5: Becoming an Effective Investor 337

Book V: Making Your Investments Work for You 345

Chapter 1: Buying Mutual Funds 347

Chapter 2: Types of Mutual Funds 373

Chapter 3: The Essentials of Stock Investing 395

Chapter 4: Before You Get Started with Stocks 413

Chapter 5: Buying and Selling Stocks 433

Chapter 6: Investing in Bonds 447

Chapter 7: Screening Mutual Funds Online 459

Chapter 8: Internet Stock Screening 467

Chapter 9: Valuing Bonds Online 475

Book VI: Somewhere over the Rainbow: Retirement Planning 485

Chapter 1: Getting Started with Your RRSP 487

Chapter 2: What to Expect from Your RRSP 503

Chapter 3: Your RRSP Strategy 513

Chapter 4: Withdrawing Money from Your RRSP 529

Chapter 5: The Time Has Come to Cash In! 537

Book VII: Estate Planning 553

Chapter 1: Estate-Planning Basics 555

Chapter 2: The Taxman Cometh: Taxes and Your Estate 563

Chapter 3: Creating an Estate Plan 585

Chapter 4: Reading and Understanding a Will 617

Chapter 5: Power of Attorney and Your Living Will 633

Book VIII: Taking Care of Business 649

Chapter 1: Show Me the Money: Sourcing Financing for Your Business 651

Chapter 2: So Long and Thanks for All the Cash 671

Chapter 3: Paying Your Dues: All about Taxes 689

Chapter 4: Close Encounters with Accounting 707

Chapter 5: When Your Business Springs a Leak 723

Appendix A: Your Personal RRSP Planner 733

Appendix B: Prepare to Meet Your Lawyer 735

Appendix C: Instructions for Your Executor 747

Appendix D: Inventory for Your Executor753

Appendix E: Sample Business Plan 759

Index 781