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Sell or rent your house?

It happens to a lot of us. A death, change jobs, fall in love, financial problems coming or, on the contrary, the sudden desire to make money fast. In other words, there are a lot of reasons for finding yourself at a crossroads where you have to decide if you want to sell your house or rent it.

Renting comes with a whole new set of responsibilities: finding good tenants, making sure that the house is in order, responding to emergencies, assimilating the new tax calculations. It’s not for everyone.

Selling is much easier, but may not pay as much in the long term. Much less. And if you’re nearing retirement, you have to take the time to think about it, because people are living much longer today. You need more money if you want to maintain an enjoyable lifestyle. Continue reading

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The savings ladder

Here’s a strategy to maximize your savings that requires minimal effort over a two- to three-year cycle.

Sophie Sylvain recommends using the savings ladder, a strategy to maximize your savings that requires minimal effort over a two- to three-year cycle.

Here’s an example based on an annual income of $55,000. You can do the same thing with a smaller amount.

  • 2013: You invest $3,000 in Capital régional et coopératif Desjardins (CRCD).
  • 2014: You put your $1,350 provincial tax credit in your RRSP (45% credit) right away.
  • 2015: Your RRSP contribution gets you a tax refund of about $518, which you put into your TFSA.

Result: The $3,000 investment is now worth $4,868, not counting the return on your investments.

CRCD shares too risky for you?

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Start building your ladder with a $3,000 contribution to your RRSP, then put the tax refund ($1,151) in your TFSA. In two years you will have $4,151.

Slight variation: Instead of contributing to your TFSA, put it all in an RESP to take advantage of government grants.

To find out more about savings, visit https://www.desjardins.com/ca/personal/savings-investment/.

Gilles Drouin | Journalist
Source:
www.desjardins.com/co-opme

Photos: iStock

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Wine cellar and wine cave

Wine is suitable for all seasons, but during the rigours of fall and winter, it provides a warmth that is unique to it. During these times, it has the gift of reconciling us with life. Not surprising that lovers of good wine reserve a specific place for it.

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Some people store it in their closet. Sacrilegious? Not at all. Good bottles of wine can be stored anywhere, as long as it is cool, devoid of light, has an ambient temperature between 10 and 15 degrees and 55% to 80% humidity. Warning! All these conditions must be respected to the letter, all year long. Wine is delicate and sensitive to changes in temperature. It needs stability. The slightest change can alter it.

To ensure this stability, some wine enthusiasts resort to a mini-air conditioner, a humidifier, a wine cooler, and other devices after having consulted a wine specialist.

There are two other mandatory conditions: the wine must be free from any vibration and the air it breathes must be pure. Therefore, you should avoid storing it in the garage. Continue reading

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Make the light dance at home

It’s time to play with the light in order to outplay the shades of autumn. Light gives rhythm to an interior and defies the cold and dark seasons by projecting a zest for life thanks to the magic of reflections. Not only does light have the ability to transform a space, but it also improves the psychic comfort.

Don’t try to recreate a pool of natural light by opting for central pendant lighting. It’s a waste of time. In any case, the light would be too violent.

Instead, opt for several sources of that disperse the light everywhere. And have halos of light run on all the walls. The possibilities are endless: ceiling light and pendant lighting, wall-mounted lights, table lamps, floor lamps, projectors (recessed or not).

Play with the direction of the light source to create life. Today, most lights are adjustable and dimmable. The lighting can be lateral, built-in or angled or be part of the ground. The desired effect is often to highlight an object with indirect light behind the head of the bed, lighting hidden behind a piece of furniture, animation of rays of light of a bookshelf, lighting at the turning point of a staircase, projector over an aesthetic bed cover.

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Continue reading