More Homeowners Could Face Mortgage Payment Defaults
Homeowners are encouraged to consider the risk of not being able to afford their future mortgage payments, writes Peter Watson. There are troubling signs that more people will be unable to make mortgage payments on their house. During the last quarter of 2024, there were 11,000 mortgage delinquencies in Ontario. That is almost 3 times […]
Federal Government Should Complete Your Tax Return
Our government should complete your tax return for most Canadians, writes Peter Watson. The annual ritual of completing your personal income tax return and submitting it before the end of April for many is a waste of time and effort and money. I would like our federal government to automate this process for most Canadians […]
Why investors should proceed with caution
Investors beware, this year will have many challenges, writes Peter Watson. The year is off to a rocky start. We have many challenges, and it is recommended that investors proceed with caution. President Donald is demanding trading partners, including Canada, pay a costly tariff to sell goods in the United States. Also, he has consistently […]
Understanding stock market returns
As investors, it is important to realize the “highs and lows” of the stock market. What’s interesting is that American stocks, as measured by the S&P 500 index, gained 25% in 2024. That was the first time in several decades there have been two back-to-back years with over 20% return. As an investor who owns […]
Technology Will Disrupt How We Live
Technological advancements will disrupt our lives, writes Peter Watson. Humans and technology are going to have to learn to coexist. The rate of advancements with technology including artificial intelligence and robots is staggering. This will continue to change how we live our lives. Humans, on the other hand, have evolved extremely slowly since the beginning […]
Bad Financial Management Could be the Reason Canada Joins the United States
Will Canada join the United States? This has been a hot topic in the media because Donald Trump kept referring to Canada as the 51st state, writes Peter Watson. The answer to the question of whether most Canadians would want that to happen is a strong no. A more important question is under what circumstances […]
Ontario Auditor Makes Serious Allegations Against the Conservative Provincial Government
Allegations infer Ontario finances are mishandled, writes Peter Watson. There is an allegation that the Ontario Conservative government used public funds to advertise and promote their political party versus for the good of the public. Ontario’s auditor reported that Ontario spent $103 million on government advertising which is three times more money than it spent […]
Be Proud of Your Financial Accomplishments
Be proud for all you have achieved this year, writes Peter Watson. The holiday season is a perfect time to be proud of all you have achieved during the year. Take satisfaction of your most significant life goals that you are working towards. Yes, most work hard at a job, cope with the high cost […]
Why is there so much debate surrounding the federal government’s GST reduction?
The recent federal government gift to many Canadians is a hot topic on many fronts, writes Peter Watson. The federal Liberal Party just announced that they will reduce GST tax payments on some items for a two-month period and many Canadians should receive a cheque for $250. Why is this news so topical in the […]
Should the Government Eliminate Canada Post?
There are many reasons why Canada Post should be eliminated, writes Peter Watson. Should the government shut down Canada Post? Please consider this question from the perspective of the Canadian public. The main financial priorities of Canadians are the high cost of living and the shortage of housing and medical care. The government has the […]