Tag Archives: Globe and Mail

Consider volunteering to perk up life after work

Did you know that 47 per cent of Canadians volunteer their time to help others, donating an incredible 2 billion hours of work?

Those figures are a bit old, from Statistics Canada in 2010, but that volunteer work constitutes “the equivalent of 1.1 million full-time jobs,” Sector Source reports.

While seniors donate the most volunteer hours of any age group, “only 36 per cent of seniors volunteer, compared to 50 per cent of other age groups,” reports the Globe and Mail.

“Volunteering in retirement has an amazing mutual benefit: The organization receives free contributions from someone with a lifetime of experience and wisdom, while retirees get a positive transition from their paid working careers,” the Globe article notes. “There’s also intellectual stimulation (beyond Sudoku puzzles), connection to social networks (so you don’t drive your family crazy with all that time on your hands), enhanced health and quality of life (when not traveling to all those exotic destinations), and a sense of purpose (aside from getting your golf handicap down).”

What do the senior volunteers get out of it? Mark Miller, a stroke survivor, wants to help others in the same boat. “I’m a volunteer facilitator with Heart & Stroke’s Living with Stroke program. I want to help stroke survivors make positive changes and move forward with their lives,” he states on the Heart and Stroke Canada website.

Retirees, notes US News and World Report, “have the most discretionary time” to be volunteers. “They have almost twice as much time as working parents in their 30s or 40s,” the article adds. “They feel that giving back to society means they make a difference in the lives of others. Some 70 per cent of retirees also say being generous provides a significant source of happiness.”

Seniors have skills and talents that are increasingly in demand. A look at the Senior Toronto website shows volunteer help wanted ads for Associated Senior Executives of Canada, Inc., Big Brothers and Big Sisters, Charity Village and Habitat for Humanity, Greater Toronto Area, to name but a few from a very long list.

This blogger has volunteered over the years with the United Way, the Salvation Army kettle drive and the Royal Canadian Legion poppy campaign.

So if you’ve reached the end of your working days, and are feeling a little isolated and in need of something to do, consider volunteering. You’ll be glad you did.

If you’re still saving up for life after work, don’t forget to check out the Saskatchewan Pension Plan’s efficient, well-run and effective retirement system.

 

Written by Martin Biefer
Martin Biefer is Senior Pension Writer at Avery & Kerr Communications in Nepean, Ontario. After a 35-year career as a reporter, editor and pension communicator, Martin is enjoying life as a freelance writer. He’s a mediocre golfer, hopeful darts player and beginner line dancer who enjoys classic rock and sports, especially football. He and his wife Laura live with their Sheltie, Duncan, and their cat, Toobins. You can follow him on Twitter – his handle is @AveryKerr22

A look at the fascinating world of “extreme couponing”

On an almost daily basis we are all inundated with coupons – 10 per cent off this, that, and the other – that we sometimes remember to use. But there’s a group of people out there who take part in “extreme couponing,” a gang that seem to have the discipline to make maximum use of this everyday savings tool.

An article in the Globe and Mail describes the world of extreme couponing as “a no-holds-barred pursuit of savings that has earned itself a weekly TV series and countless obsessive Internet followers who strive to maximize their savings at the checkout by spotting the best sales and by hoarding coupons.”

It takes work, the article notes. In the piece, a woman called Aimee Geroux, who has her own blog called Extreme Couponing Mom, says she has walked out of stores with $300 worth of goods that cost her $20 of her own money.  She tells the Globe that she totes a binder full of coupons when she goes shopping, but also employs “price matching.” That’s when stores match the sale price from other stores – you get a lower price if you can show the flyer, the article notes. Another trick is the “scanning code of practice,” the article says. If the item’s price on the shelf is more than the scanner says, you can get it for much less, even free, the article notes.

If you don’t feel like cutting coupons out of flyers and newspapers, there are online sites that can save you a lot of trouble. The Balance Every Day blog lists 11 Canadian sites that give you access to savings coupons and other deals.

If you like shopping online, going through the E-bates portal first gives you automatic discounts that are mailed to you by cheque every couple of months.

Like everything else that’s good for you – exercise, proper eating, and balancing the budget – extreme couponing requires commitment. Sue Neal of Investors Group recommends putting all your savings in a fund, the Globe article notes. “Now you can really see the savings you’re making,” Neal said. “It could actually get you more excited about using the coupons.”

It’s also a great way to save some money for retirement. Maybe some of your coupon coinage can be directed to your Saskatchewan Pension Plan account – visit SPP to find out how.

Written by Martin Biefer
Martin Biefer is Senior Pension Writer at Avery & Kerr Communications in Nepean, Ontario. After a 35-year career as a reporter, editor and pension communicator, Martin is enjoying life as a freelance writer. He’s a mediocre golfer, hopeful darts player and beginner line dancer who enjoys classic rock and sports, especially football. He and his wife Laura live with their Sheltie, Duncan, and their cat, Toobins. You can follow him on Twitter – his handle is @AveryKerr22

April 2: Best from the blogosphere

With the abolition of mandatory retirement in Canada, when you opt to actually leave the world of paid work for good is your own decision. There are financial milestones that may influence you  such as when you think you have saved enough to support yourself in retirement, but when you are ready to let go is also dependent on many more intangible factors.

After all, you not only need to retire from your job or your encore career, but you have must have something to retire to. For example, in the last several years I have joined a choir, been elected to the choir board and started taking classes at the Life Learning Institute at Ryerson in Toronto. Yet I’m still not quite prepared to give up my part-time business as a personal finance writer.

I was reminded of this conundrum reading a personal column by David Sheffield in the Globe and Mail recently. He wrote, “Turning to the wise oracle of our time, Google, I search: When do you know that it is time to retire? Most answers are financially focused: ‘When you have saved 25 times your anticipated annual expenditures.’ One site tackles how to be emotionally ready to quit work: ‘The ideal time to retire is when the unfinished business in your life begins to feel more important than the work you are doing.’”

The changing face of retirement by Julie Cazzin appeared in Macleans. She cites a 2014 survey by Philip Cross at the Fraser Institute. Based on the study, Cross believes Canadians are actually financially—and psychologically—preparing themselves to retire successfully, regardless of their vision of retirement.

“The perception that they are not doing so is encouraged by two common errors by analysts,” notes Cross. “The first is a failure to take proper account of the large amounts of saving being done by government and firms for future pensions …. And the second is an exclusive focus on the traditional ‘three pillars’ of the pension system, which include Old Age Security (OAS), the Canada and Quebec Pension plans (CPP/QPP), and voluntary pensions like RRSPs.”

He notes that the research frequently does not take into account the trillions of dollars of assets people hold outside of formal pension vehicles, most notably in home equity and non-taxable accounts. Also, he says the literature on the economics of retirement does not acknowledge the largely undocumented network of family and friends that lend physical, emotional and financial support to retirees.

Retire Happy’s Jim Yih addresses the question How do you know when it is the right time to retire?  After being in the retirement planning field for over 25 years, Yih believes sometimes readiness has more to do with instinct, feelings and lifestyle than with money. “I’ve seen people with good pensions and people who have saved a lot of money but are not really ready to retire.  Sometimes it’s because they love their jobs,” he says. “Others hate their jobs but don’t have a life to retire to.  Some people are on the fence.  They are ready to retire but worry about being bored or missing their friends from work.”

If you are still struggling with how to finance your retirement, take a look at Morneau Shepell partner Fred Vettese’s article in the March/April issue of Plans & Trusts. Vettese reports that few people are aware it can be financially advantageous to delay the start of CPP benefits. In fact, less than 1% of all workers wait until the age of 70 to start their CPP pension. However, doing so can increase its value by a guaranteed 8.4% a year, or 42% in total. And by deferring CPP, he notes that workers can transfer investment risk and longevity risk to the government.

Tim Stobbs, the long-time author of Canadian Dream Free at 45 attained financial independence and left his corporate position several months ago. In a recent blog he discusses how his focus has shifted from growing his net worth to managing his cash flow. His goal is to leave his capital untouched and live on dividend, interest and small business income from his wife’s home daycare. He explains how he simulates a pay cheque by setting up auto transfers twice a month to the main chequing account from his high interest savings account.

Do you follow blogs with terrific ideas for saving money that haven’t been mentioned in our weekly “Best from the blogosphere?” Share the information on http://wp.me/P1YR2T-JR and your name will be entered in a quarterly draw for a gift card.

Written by Sheryl Smolkin
Sheryl Smolkin LLB., LLM is a retired pension lawyer and President of Sheryl Smolkin & Associates Ltd. For over a decade, she has enjoyed a successful encore career as a freelance writer specializing in retirement, employee benefits and workplace issues. Sheryl and her husband Joel are empty-nesters, residing in Toronto with their cockapoo Rufus.

March 26: Best from the blogosphere

I’m just catching up after a few weeks in the Punta Cana sunshine. The resort where we were staying had excellent wifi everywhere so there was no escaping the relentless news cycle, especially in my home province of Ontario where the Progressive Conservative party elected Doug Ford as their new leader.

Shifting the focus back to Saskatchewan, Advisor.ca reports that there will be no longer be a provincial sales tax on agriculture, life and health insurance premiums. Premier Scott Moe pledged to bring in the exemption during the recent Saskatchewan Party leadership race. He said in a statement that the government is committed to helping families and small businesses. He added it will not impact the government’s three-year plan to balance the budget by 2020. The exemption covers premiums for crop, livestock and hail, as well as individual and group life and health insurance. It is retroactive to Aug. 1, 2017, the same day the province started adding the 6% PST to insurance premiums.

Boomer & Echo’s Robb Engen did the math on investment fees and he says the results weren’t pretty. Readers who shared their portfolio details with him revealed accounts loaded with deferred sales charges (DSCs), management expense ratios (MERs) in the high 2% range and funds overlapping the same sectors and regions. Portfolios filled with segregated funds were the biggest offenders. Saskatchewan Pension Plan offers professional fund management for 1% per year on average.

If you are planning foreign travel in the near future, Rob Carrick’s Globe and Mail article One bank dings clients who travel, while another lightens the load is a must read. He notes that Scotiabank recently introduced a strong new travel reward credit card that doesn’t charge the usual 2.5% fee on foreign currency conversions. In contrast, TD has been advising account holders that effective May 1, it will raise the foreign-currency conversion fee on ATM withdrawals and debit transactions outside Canada to 3.5% from 2.5%.

On Money After Graduation, Bridget Casey offers tips on how to hustle as a new parent. As a self-employed individual she didn’t qualify for government-sponsored leave which means she had to self-fund her own maternity leave. She has managed to get her baby on a schedule (the EASY Baby Schedule, if you’ve heard of it), and she says her days of procrastination are gone. She has also stopped working for free for “exposure” or attending events to “network.” Finally, she has hired a part-time nanny.

Alan Whitton aka BIGCAJUNMAN started the Canadian Personal Finance Blog 13 years ago and he says he is still financially crazy. He believes debt is a bad thing, he doesn’t buy individual stocks and thinks pay day loans are the devil’s work  (all of which sound pretty sane to me). He links to previous blogs he likes to re-read and enjoy plus blogs he has posted that have received the most views.  Take a look here. No doubt you will find some interesting reads.

Do you follow blogs with terrific ideas for saving money that haven’t been mentioned in our weekly “Best from the blogosphere?” Share the information on http://wp.me/P1YR2T-JR and your name will be entered in a quarterly draw for a gift card.

Written by Sheryl Smolkin
Sheryl Smolkin LLB., LLM is a retired pension lawyer and President of Sheryl Smolkin & Associates Ltd. For over a decade, she has enjoyed a successful encore career as a freelance writer specializing in retirement, employee benefits and workplace issues. Sheryl and her husband Joel are empty-nesters, residing in Toronto with their cockapoo Rufus.

Best from the Blogosphere: 2018 Federal Budget Edition

SOURCE: 2018 FEDERAL BUDGET, P. 47

What I find most interesting about budgets are the provisions that are often buried in the fine print and don’t make the front page of the newspaper. You will find links below to some widely-reported features of the 2018 Federal Budget and others you may not yet be aware of.

The graphic above illustrates how the new EI parental-sharing benefit will operate. The Investment Executive reports that in an initiative that was widely-anticipated in the lead-up to the February 27th budget, the Liberal government introduced a new Employment Insurance (EI) parental sharing benefit that will provide extended EI parental benefits when both parents agree to share parental leave. The proposed “use-it-or-lose-it” benefit will increase the duration of EI parental leave by up to five weeks for parents who share a standard 12-month parental leave, or up to eight weeks for parents who share an extended 18-month leave. This incentive is expected to be available starting June 2019.

And while details are sketchy, MPs may finally be entitled to long over-due maternity and parental leave. According to the Budget Papers (p.52):

“The Government is supportive of, and will work with Parliament on, the recommendations put forward in the report of the Standing Committee on Procedure and House Affairs entitled Support for Members of Parliament with Young Children. This includes…improving work-life balance, providing access to child care and designated spaces for the use of Members with infants and children, and a change to the Standing Orders of the House of Commons to allow an infant being cared for by a Member of Parliament to be present on the floor of the House of Commons. The Government will also bring forward amendments to the Parliament of Canada Act to make it possible for Parliamentarians to take maternity and parental leave.”

The government has backtracked on key tax measures for small businesses. Mark Burgess at advisor.ca explains how the federal government will tie the passive income threshold to the small business deduction. He notes that the plan put forward in Tuesday’s federal budget takes a different approach to the one the government proposed last summer that received considerable blowback from business owners.

If a corporation earns more than $50,000 of passive investment income in a year, the amount of income eligible for the small business tax rate is reduced and more of the company’s active income is taxed at the general corporate rate. The $50,000 threshold originally announced in changes the government made to its proposals while under pressure from business groups in October is equivalent to $1 million in passive investment assets at a 5% return.

Julie Cazzen at Maclean’s lists 15 ways Budget 2018 will affect your wallet.  Here are a few of the interesting budget provisions she highlights:

  • The Canadian Child Benefit will be indexed to inflation starting July 2018.
  • You will be able to open an RESP and claim the $500 Canada Learning Bond grant at the same time that you apply for a birth certificate for your child. This will automatically enroll children born into low-income families for the grant.
  • Canada Student Grants and Loans has expanded eligibility for part time students, as well as full and part time students with children, and introduced a three-year pilot project that will provide adults returning to school on a full-time basis after several years in the workforce with an additional $1,600 in grant money starting Aug 1, 2018.
  • A new Apprenticeship Incentive Grant for Women will give women in male-dominated trades fields $3,000 per year of training (or up to $6,000 over two years). Almost all Red Seal trades are eligible.
  • The CPP death benefit is now $2,500 for all eligible contributors (whereas before it was pro-rated.)

Rob Carrick in the Globe and Mail discusses seven changes that could affect your finances. For example, following up on public consultations in 2016, the federal government is poised to announce improvements to Canada Deposit Insurance Corp. The consultations looked at adding registered disability savings plans (RDSPs) and registered education savings plans (RESPs) to the list of registered accounts that are covered and adding foreign currency deposits to covered products.

This would benefit snowbirds keeping large deposits in U.S.-dollar accounts. Other reforms could add coverage for guaranteed investment certificates of longer than five-year terms. Increasing the current $100,000 coverage limit for eligible deposits does not appear to be in the government’s plans.

Some other lesser known and unexpected Budget proposals reported by the Financial Post are:

  • The government will create an advisory council to begin “a national dialogue” on a national pharmacare program.
  • The government is moving to provide more support for Canadians suffering from mental health issues – including veterans – by helping them with the cost of psychiatric service dogs. Specifically, starting this year, the Medical Expense Tax Credit will be expanded to cover costs associated with the animals.

The federal government also announced in the budget that it will eventually move away from its problem-plagued Phoenix pay system – which has overpaid, underpaid or completely failed to pay tens of thousands of public servants – and invest $16-million over two years to develop a new pay system.

You can see the full document tabled in the House of Commons here.

Do you follow blogs with terrific ideas for saving money that haven’t been mentioned in our weekly “Best from the blogosphere?” Share the information on http://wp.me/P1YR2T-JR and your name will be entered in a quarterly draw for a gift card.

Written by Sheryl Smolkin
Sheryl Smolkin LLB., LLM is a retired pension lawyer and President of Sheryl Smolkin & Associates Ltd. For over a decade, she has enjoyed a successful encore career as a freelance writer specializing in retirement, employee benefits and workplace issues. Sheryl and her husband Joel are empty-nesters, residing in Toronto with their cockapoo Rufus.

Feb 19: Best from the blogosphere

Unfortunately, what goes up must come down and recent volatility illustrates that the stock market is no exception. Your head knows this is the time NOT to check your investments every day or start selling at a loss, but your heart is still going pitter patter at random hours of the day and night.

There is little doubt that unpredictable markets will likely be the norm for the near future. This week we present blogs and mainstream media articles to help you achieve the intestinal fortitude to ride out the storm, particularly if you are retired or close to retirement.

The S&P 500 and Dow Jones Industrial Average both entered correction territory in early February — closing down 10% from the all-time highs that each hit several weeks earlier. The TSX also shed hundreds of points. Fortune explained the drop this way:

“The selloff comes as investors grow worried that the stock market may have run up too much too fast in anticipation of the impact of President Trump’s tax reforms…..The Bank of England likely also fueled some concerns that central banks worldwide would boost interest rates.”

On the Financial Independence Hub, Adrian Mastracci wrote that although you may be rattled by the correction, Diversification keeps your nest egg on the rails. He explained that diversification among asset classes, economic regions, time to maturity, foreign currencies and investment quality increases the odds of you being right more often than wrong. When some selections are suffering, others can step up and help cushion the rest of your portfolio.

For example, the diversified Saskatchewan Pension Plan Balanced Fund is professionally-managed by Greystone Managed Investments and Leith Wheeler Investment Counsel. As of December 31, 2017 the balanced fund portfolio is invested as follows:

  • 30.6%: Bonds and mortgages
  • 19.3%: International equities
  • 19.2%: Canadian equities
  • 18.8%: U.S. equities
  • 10.2%: Real estate
  • 1.9%: Money market

SPP has rated the volatility of this fund as low to medium. Nevertheless, the fund does not have any return guarantees.

The Globe and Mail’s Rob Carrick offers reasons why you should be grateful for the market freakout. “The markets are likely to be ornery for the next while, but there’s no need for radical surgery on properly diversified portfolios of stocks, bonds and cash that you’re holding for the long term,” he says. “Think about strategically adding stocks, not subtracting. After any big market decline, put a little money into quality stocks or exchange-traded funds and mutual funds that hold them.”

On the HuffPost Ann Brenoff addresses How To Handle A Stock Market Drop When You’re Retired. She acknowledges that for retirees or those close to retirement recent market gyrations are gut-wrenching. She comments, “Even those in their 60s likely have many investment years ahead of them. And with that length of time, you will have plenty of opportunity to recover from these types of market drops, she said. The key, though, is staying invested.” Brenoff also points out that if you were invested even just a few months ago, there’s an excellent chance you’re still ahead despite two days of falling prices.

Several months ago Ian McGugan’s column in the Globe and Mail suggests Five things to do if you’re nearing or in retirement and fearing a market pullback. He cites several takeaways from Wade Pfau, an economist at American College in Philadelphia:

  1. If you’ve won, stop gambling.
  2. Plan for lower returns.
  3. Think safety, not wealth.
  4. Consider alternatives such as annuities.

Pfau also recommends you ask yourself two questions if you are in doubt whether to stay heavily invested in the stock market: “How would you feel if your wealth doubled? How would you feel if your wealth fell in half? “Most people find the prospect of losing a substantial part of their portfolio far outweighs the possible pleasure of having substantially more,” he said.

Do you follow blogs with terrific ideas for saving money that haven’t been mentioned in our weekly “Best from the blogosphere?” Share the information on http://wp.me/P1YR2T-JR and your name will be entered in a quarterly draw for a gift card.

Written by Sheryl Smolkin
Sheryl Smolkin LLB., LLM is a retired pension lawyer and President of Sheryl Smolkin & Associates Ltd. For over a decade, she has enjoyed a successful encore career as a freelance writer specializing in retirement, employee benefits and workplace issues. Sheryl and her husband Joel are empty-nesters, residing in Toronto with their cockapoo Rufus.

Jan 8: Best from the blogosphere

Welcome to a wonderful New Year. Most of the country has spent the last few weeks in a deep freeze with Saskatoon temperatures dipping below -30 C. It’s even -21 C in Toronto!

Nevertheless, residents of Spy Hill, Saskatchewan where the temperature was -43 with the wind chill on Christmas morning displayed their very warm hearts when they sprang to action on Christmas Day to help passengers on a frozen train.

Here is what a few of our favourite personal finance writers have been writing about during the holidays.

Jonathan Chevreau on the Financial Independence Hub reviewed the New York Times best seller Younger Next Year – Live Strong, Fit and Sexy Until You’re 80 and Beyond. Chevreau said, “The book is all about taking control of your personal longevity, chiefly  through proper nutrition but first and foremost by engaging in daily exercise: aerobic activity at least four days a week and weight training for another two days a week — week in and week out, for the rest of your life.”

Boomer & Echo’s Robb Engen wrote Save More Tomorrow: The Procrastinator’s Guide To Saving Money. He discussed behavioural economists Shlomo Benartzi and Richard Thaler’s Save More Tomorrow program which not only suggests that monthly savings be automated but that savings rates be automatically increased when individuals get raises or earn more money from side hacks or freelance gigs.

Bridget Casey from Money After Graduation encouraged readers to see through their financial blind spots. “Reducing your spending and increasing your income by any amount is always good for your net worth, but if you’re looking to get the most bang for your buck, your efforts should be directed towards major wins ahead of small victories. A good exercise is to identify the three largest expenses in your budget and try to reduce them by 15% each or more,” she suggests.

Barry Choi explained on Money We Have why he is changing careers after 18 years. It was hard to walk away from a well-paid job in television but with a young baby, working the 3 PM to midnight shift was no longer sustainable. He got a part-time position as an editor for RateHub three days a week and he plans to continue writing for a variety of travel and other publications. Although he took a pay cut to leave his full-time position, his financial advisor helped him to realize he doesn’t need to make nearly as much as he thought to maintain the family’s lifestyle.

And finally, Globe and Mail personal finance columnist Rob Carrick offers the following  eight dos and don’ts for your personal finances in 2018:

  • DO brace for higher borrowing costs.
  • DON’T expect much improvement on savings rates.
  • DO expect more hysteria about cryptocurrencies
  • DON’T buy in unless you have the right mindset
  • DO be cautious with your investment portfolio
  • DON’T forget bonds or GICs
  • DO emphasize fees as a controllable factor in your investing
  • DON’T forget the value proposition

Do you follow blogs with terrific ideas for saving money that haven’t been mentioned in our weekly “Best from the blogosphere?” Share the information on http://wp.me/P1YR2T-JR and your name will be entered in a quarterly draw for a gift card.

Written by Sheryl Smolkin
Sheryl Smolkin LLB., LLM is a retired pension lawyer and President of Sheryl Smolkin & Associates Ltd. For over a decade, she has enjoyed a successful encore career as a freelance writer specializing in retirement, employee benefits and workplace issues. Sheryl and her husband Joel are empty-nesters, residing in Toronto with their cockapoo Rufus.

Dec 4: Best from the blogosphere

I had the pleasure of attending the 2017 Canadian Personal Finance Conference in Toronto in late November. It was a great opportunity to renew friendships with bloggers and financial writers from across the country. Here’s what some of them have been writing about lately.

Rob Carrick from the Globe and Mail writes about How e-transfers are ousting paper cheques. Isn’t that the truth! Since I started my writing business almost 10 years ago I can count on the fingers of one hand the number of cheques I have written. I use e-transfers almost daily.

On Money We Have, Toronto-based personal finance expert Barry Choi discusses the ins and outs of churning credit cards in Canada. Applying for credit cards to get bonus points and cancelling them soon after can affect your credit score but Choi says, “You could apply for 2-3 credit cards in one month and it probably wouldn’t be a big deal. Just don’t do it every month, and don’t apply for a ton of cards if you plan on getting a mortgage soon. Lenders will wonder why you need access to so much credit.”

Mr. CBB reports on how Mrs. CBB saved their Christmas budget $400 by shopping on line so far. She purchased a toy for a discounted price on Amazon Prime which was reduced by 50% on Black Friday but it would have cost $7.99 to return. Amazon customer service sent her a return label so she could by two new ones (one for a gift) for the same price. She also managed to purchase $600 worth of clothing for just under $200.

Wayne Roth on Retire Happy considers whether you should annuitize your retirement income. He is generally not a fan of annuities but acknowledges that an annuity can be useful for creating a secure source of retirement income. You lose some upside potential but an annuity allows you to eliminate major investment risks and it provides income that you cannot outlive – no matter how long you survive. Risk-adverse people don’t mind missing on those large gains in order to gain protection on the downside.

And finally, on another note, if you are in the Saskatoon area from now until January 7th, don’t miss the BHP Billiton Enchanted Forest Holiday Light Tour. It is one of Canada’s most spectacular drive-thru Christmas Light Shows and Saskatchewan’s top winter visitor attraction. 2.5km of animated light displays are scattered throughout an urban forest. Proceeds go to Saskatoon City Hospital Foundation and Saskatoon Zoo Foundation.

Do you follow blogs with terrific ideas for saving money that haven’t been mentioned in our weekly “Best from the blogosphere?” Share the information on http://wp.me/P1YR2T-JR and your name will be entered in a quarterly draw for a gift card.

Written by Sheryl Smolkin
Sheryl Smolkin LLB., LLM is a retired pension lawyer and President of Sheryl Smolkin & Associates Ltd. For over a decade, she has enjoyed a successful encore career as a freelance writer specializing in retirement, employee benefits and workplace issues. Sheryl and her husband Joel are empty-nesters, residing in Toronto with their cockapoo Rufus.