Awais Jaffery

Day 1 IIFA!

Had an amazing time shooting at the Green carpet event at Silvercity Brampton…

Met Anil Kapoor, Ritesh, Javed Jaffery, Boman Irani, Lisa Ray, Genilia D’souza, Malika Sherawat, Zayed Khan and lots more!

now time to rest and get ready for day 2 tomorrow! Back to silvercity, than Ricoh in the evening and than Sheraton Hotel with Shahrukh Khan for the after party!

Getting some money into RRSPs early, particularly if you’re in a higher tax bracket, is a great way to establish a solid financial foundation.

But that doesn’t necessarily mean that an immediate deposit to an RRSP is the only route to a more secure retirement, says Doug Carroll, vice-president, tax and estate planning, at Invesco Trimark.

If you can resist the allure of the RRSP’s early tax refund, you may be better off with TFSA initially, he maintains.

TFSA room may be carried forward indefinitely, but the annual dollar amount remains fixed. If you didn’t use the $5,000 of room from 2009, that particular entitlement remains as $5,000, whether used the next year (2010) or in any year in future.

Consider also the novel feature of the TFSA that allows each dollar withdrawn in a particular year to give rise to a re-contribution credit the following January 1.

With this in mind, what if someone decided to forgo the RRSP contribution in the first 60 days and instead place those funds into a TFSA?

Assuming a fixed interest investment option, the TFSA would be at a higher value by year-end, at which time a withdrawal would be made to contribute to the RRSP.

The credit to the TFSA room the following year would be larger than if the TFSA had been untouched, and the RRSP contribution would lead to a larger refund, albeit one year delayed, he explains.

Alternatively, if you want to keep closer to the traditional route, go ahead and make the RRSP contribution as usual and direct the tax refund into the TFSA, but remember to withdraw before year-end to make that RRSP contribution.

There may be a cost of not receiving the refund in the first year, but in his calculations, it’s negligible. After that first year, you are back on track with rolling annual RRSP contributions, though routed through the TFSA.

It’s up to you to decide whether any initial cost is worth the additional TFSA room gained, Carroll says, admitting that he’s still testing this strategy.

Source: MSN Money

I started using foursquare a while ago and at that time it was fun being the mayor of some place but than the novelty wore off and it just got annoying and tiresome to check-in to every place I went to and than emerged other location based networks and recently with the launch of Facebook Place in Canada, I’m left to wonder which network should I check into? Most of my friends are on facebook, so should I start using that? Do I leave foursquare now? Or, do I even need to tell the world where I am right now? Or should I still fake my check-ins at cool lounges to look cool and be part of the cool social networking society?

I think I might have to leave the foursquare world now with the recent addition of facebook places to the blackberry facebook app. Bye Bye Foursquare and Hello my new annoying facebook places wall stream!