eigenvector

The problem with this is that kids don't care about money when they are in school, because they don't have any of it. You could tell them about personal finance until they're blue in the face, and none of it would really have any meaning until they actually start managing their own money, which could be close to a decade from Grade 9. They actually DO teach a lot of financial minutiae in high school, including how to compute mortgage amortization tables (how many adults who actually have a mortgage and consider themselves good with money could do that without assistance?). Nonetheless, if you go on personal finance forums you'll find grown adults asking very, very basic financial questions that could be answered in 5 minutes with a simple Google search. I once dated someone who, despite having a very successful technical career, did not know how to read a credit card statement (she would just pay the full balance every week because she didn't understand how it worked and was afraid of incurring interest).

The best you can hope to do is to instill good basic math skills, the ability to reason well and do research. With these tools kids will be able to get on the internet and find the answers they need, when they need them. Or sit down with Excel and reason out a financial decision with basic math. The saddest thing I see is adults who simply don't have the patience or reading comprehension to find information that is clearly written on government websites (for instance about taxes).

maradori

Be careful what you wish for. I got bumped into the 37% tax bracket and ended up needing to use two credit cards to pay it off (the 20 day float helps too, since I don't have enough cashflow to pay it off at once)

jc94

jc94

RangerNS

CRA generally doesn't come after you aggressively for payment. I think I owe them now about $5k (shrinking annually) and they don't bother me at all.

yyznomad

yyznomad

yyznomad

maradori

I sold a bunch of stock options and the withholding was massively incorrect. I had a suspicion I owe tax guesstimated it would be around 20k, 30 max -- which, while painful, is something I can pay off with a bit of effort and temporarily downgrading my standard of living.

But the Trump tax law changes weren't sufficient to counter the even moar powerful-er obama taxes (3.9% net investment income tax + 0.9% obamacare tax -- thanks obama ). 50k is a much more daunting dollar amount to owe than 20k ugh

haha considering the median US income is 56K and I owe 50K, I'm sure the IRS will be a bit more aggressive than the CRA about wanting me to pay up to pay for 90% of a tax drone's salary LOL

RangerNS

Well, less personally sure, but I suspect its the same theory. They have the money on paper when they issued the assessment. Fraud neither would take lightly too, but if its just debt (and not bad faith), they have realized the income. Actually collecting it is less important...

tcook052

What a bounce to win the series!

meagicano

vernonc

And what a ending. In Orlando last night with a very large crowd of Canadians screaming in the NBC bar on Citywalk.

jc94

Ah yes, I suspect the amount has an impact too but as long as the individual is willing to pay it, making a reasonable effort and not trying to intentionally defraud the govt they will hopefully be reasonable. A friend owed about $2k which is clearly much less, and they were pretty good about it. Good luck ...

pewpew

AC's medical director gave a talk to McGill med students on aviation med yesterday... Which I crashed. Totally worth it

My takeaway: if I plan on dying on a flight within Canada, I should fly Air Transat, followed by AC. Outside of Canada, apparently LX/LH is the way to go (or EK: if you're sick enough and on a 380, they'll sit you down in the onboard lounge to recuperate )