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6 things you need to know about hiring a nanny

Posted by on Aug 26, 2014 in HR Issues, Portfolio Toronto Star, Quality of Life | 0 comments

A minimum wage salary may seem like a bargain but there are other expenses to consider   Zach Frailey / THE ASSOCIATED PRESS By: Sheryl Smolkin At Work, Published on Tue Aug 26 2014 —- Every parent who has ever bundled cranky preschoolers into snowsuits and delivered them to daycare before heading off to work has at least briefly wondered whether a nanny would be a better solution. Daycare fees in Toronto can vary significantly. Depending on the age and stage of the child, they can be as...

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Employers can do more to negotiate lower fees for retirees

Posted by on Aug 25, 2014 in Investments, Retirement | 0 comments

By Sheryl Smolkin August 25, 2014  When employees retire, their defined contribution pension plan will not pay them a pension. By age 71 at the latest, their investments will be liquidated and unless they purchase a life annuity, they will have to figure out how to make the lump sum transferred to their personal locked in retirement account, life income fund or registered retirement income fund last for the rest of their life. If money is invested at retail rates, their retirement income could be 20 to 30...

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Theft by Ontario Lottery and Gaming employee not just cause for firing

Posted by on Aug 25, 2014 in Compensation, Legal | 0 comments

  By Sheryl Smolkin August 25, 2914  A 13-year employee of Ontario Lottery and Gaming Corporation fired without cause agreed to a settlement of 53 weeks’ salary plus outplacement fees of $3,500. After the agreement was signed and before the money was paid out, OLG tried to rescind the deal when it was discovered that she had misappropriated $1,268 collected from company employees for tickets to Canada’s Wonderland. Brenda Dennis sued for enforcement of the settlement agreement in the Ontario Court of...

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Fired executive gets year’s pay after 19 months on the job

Posted by on Aug 22, 2014 in Consumer savings, HR Issues, Legal, Portfolio Toronto Star | 0 comments

A 52-year-old executive fired as part of a corporate reorganization has been awarded a year’s pay by the Ontario Superior Court of Justice. Dreamstime A 52-year-old executive fired as part of a corporate reorganization has been awarded a year’s pay by the Ontario Superior Court of Justice. By: Sheryl Smolkin At Work, Published on Tue Aug 12 2014 A 52-year-old executive fired as part of a corporate reorganization has been awarded a year’s pay by the Ontario Superior Court of...

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Turning work into a game

Posted by on Aug 12, 2014 in HR Issues, Portfolio/Other | 0 comments

Canadian HR Reporter Aug 8, 2014 Gamification can drive productivity, help alleviate tedium of boring jobs By Sheryl Smolkin To attract and motivate call centre staff, Allied International Credit in Newmarket, Ont., is piloting a project where employees can accumulate virtual points or badges and become eligible for prizes every time they make a call or resolve a customer service issue. Teams compete with each other and real-time results are shared online with all participants. Borrowing elements...

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Woman can claim $17,500 tax deduction for winter in Thailand, court rule

Posted by on Aug 3, 2014 in Income Tax, Legal, Portfolio Toronto Star | 0 comments

Tax court has decided for second year a Thunder Bay woman suffering from chronic pain can deduct cost of winter in Thailand, Indonesia Dreamstime Canada’s tax court has ruled that a Thunder Bay woman suffering from chronic pain can deduct the cost of spending the winter in Thailand and Indonesia.. By: Sheryl Smolkin At Work, Published on Tue Jul 29 2014 For the second year in a row a court has decided that a Thunder Bay woman suffering from chronic pain can deduct the cost of spending...

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Court opens way to faster settlements of wrongful dismissal cases

Posted by on Aug 3, 2014 in HR Issues, Legal, Portfolio Toronto Star | 0 comments

Supreme Court of Canada ruling means straightforward wrongful dismissal cases can be decided faster and more cheaply. Dreamstime A Supreme Court ruling means that straightforward, wrongful dismissal cases can now be settled faster and more cheaply. By: Sheryl Smolkin At Work, Published on Tue Jul 22 2014 Many people who are fired take whatever settlement their former employer offers because they can’t afford to go to court. But a Supreme Court of Canada ruling means that...

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Big Cajun Man shares RDSP, RESP expertise

Posted by on Jul 20, 2014 in Money management, Portfolio/Interviews, Portfolio/Saskatchewan Pension Plan | 0 comments

17 July, 2014 By Sheryl Smolkin   Click here to listen Hi, As part of the savewithspp.com continuing series of podcast interviews with personal finance bloggers, today I’m talking to the “Big Cajun Man,” author of the Canadian Personal Finance Blog. In real life, he is actually, Alan Whitton, a mild-mannered government civil servant and father of four, living in Ottawa. Alan has been blogging about finance and consumerism for about ten years, focusing on real life experiences. As a result, he...

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July 14: Best from the blogosphere

Posted by on Jul 20, 2014 in Money management, Portfolio/Saskatchewan Pension Plan | 0 comments

July 14: Best from the blogosphere 14 July, 2014 By Sheryl Smolkin   This week we have a mixed bag of posts for your summer reading from the world of the ever-prolific personal finance bloggers we track. Brighter Life presents a series of both get your health and get your finances in shape tips from other bloggers. One of my favourites is from Jeremy Biberdorf, author of Modest Money. He says too many people think the path to financial freedom is to focus heavily on either frugality or earning more...

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BOOK REVIEW: How not to move back in with your parents

Posted by on Jul 20, 2014 in Money management, Portfolio/Saskatchewan Pension Plan | 0 comments

10 July, 2014 By Sheryl Smolkin The same day I was planning to review “How not to move back in with your parents: The young person’s guide to financial empowerment,” the author and Globe and Mail personal finance columnist Rob Carrick wrote a column revealing how difficult it is for students to get summer jobs to pay for their education and quantifying the cost of post-secondary study. He cited the Yconic/Abacus Data Survey of Canadian Millennials, conducted for The Globe and Mail earlier this year...

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