I will get to the tax news later on. I also have another contest to show you on winning a brand new car.

I suppose for the novice the news that a program has failed is big news. The reality is that virtually all of the surfs and similar programs do or will fail.  It is just a question of time.  It does not matter if the admin is a “trusted” individual or not.

I have sometimes found it wiser not to know or know of the person running the show. It keeps you more alert and less likely to blow too much on the “opportunity”.  Just because some blogger or list owner says they know or that “so and so” can be trusted does not mean the program will succeed or that you will make money.  Some of them make a great deal of their money on referral fees no matter if the program fails or not. So get to know who they are and the type of stuff they put out there.

The horrific track record for most of these programs is the main reason I have divested myself out of this arena for the most part.  Sure I will dabble here and there but the here’s and there’s are few and far between as time expands.

Also: Do not get sucked to getting in too late into anything.

It is incumbent upon anyone who participates in these things to become as informed as possible, take responsibility for your decisions, develop a strategy, establish and use some firm and hard rules. Otherwise for sure, stay away and maybe stay away anyway.

This reminds me of the poem about Ponzi Guy. You know the one, Ponzi guy, sweet as pie, he’s not so shy etc.  hehe.   Now don’t go stealing my poem about Ponzi Guy.  If you use it linky-lou-luv back to me, thanks.

Hey another car to win!  CBC has a contest on now to Win a 2010 Kia Forte Koup.  Become one with the “hockey puck” and win a nice car.  Check the rules and some skill may be required along with luck.

Ok, back to some tax strategy.  This directed at Canadian members as this is a new program in Canada this year.  It is called the Tax Free Savings Account aka TFSA.

Note: Since I wrote this the CRA have made the details much clearer on their website so please check with them.  You do not have to open an account this year as your “room” will still accumulate. Also they are proposing some changes so it is best to keep up with them.

You may have already done so but if not you must do this even putting in a small amount to make sure you get the “room” for 2009.

NOTE:  Do It Now!

New this year. TFSA Tax Free Savings Account   You can have stocks, savings mutual funds, savings etc. in it.  It is registered but not taxed like an RRSP.  You can withdraw and pay no tax and put funds back in etc.  You can put up to $5000 per year in them, max.
Check it Out Here.

It is a good way to save paying tax even on savings.
The $5000 also accumulates so if you put in $1000 this year you could put in $9000 next year.  They establish a TFSA “room” just like for an RRSP.  The CRA will advise your limit each year but you have to have one before that will happen.

About Tax-Free Savings Account (TFSA)

Starting in 2009, Canadian residents who are 18 years of age or older will be able to earn tax-free investment income within a Tax-Free Savings Account (TFSA) during their lifetime.

Contributions to a TFSA are not deductible for income tax purposes. Also, interest on money borrowed to invest in a TFSA is not tax deductible. However, the income generated in such an account (for example, investment income and capital gains) is tax-free, even when it is withdrawn.

The TFSA dollar limit is $5,000 in 2009, and will be indexed to inflation and rounded to the nearest $500 in later years. Unused TFSA contribution room can be carried forward to later years. The total of TFSA withdrawals in a calendar year is added to the TFSA contribution room for the next calendar year.

Still many people will not do this.  At the very least open one up with a small contribution so you do not miss out on the “Room” that will build up for you or your children, 18 years of age or older.  Help them out if need be even if they do not have any income. Dec 31st is the deadline so do not miss out.

Ok, that is just some free advice from me. Remember this is like getting free money from the government.   If they want to give it away for free, I say take it. This kind of advice I do not mind giving out freely as it can help many of you save on your taxes now or in the future.

Ok I will “leaf” this with your for today. I do hope your successes are many.

Cheers,

Gene

As promised I have updated the “Free” items page Win-Free-Stuff which as things such as win a free car, several of those, cash, travel etc. I decided to leave it all on one page for now.  Most are Canadian contests however I will add some other things there as well, hoping to add some USA items, contests etc.  Time, time, time.  Where do you go time?

Toyota is one brand, Lexus, Smart Cars (Mercedes-Benz), Chevrolet hybrids also.  Some travel rewards, win a vacation or cruise or a trip to New Zealand.

I have not abandoned the money making programs, make money online etc.

However as  mentioned before I have curtailed many of those programs.  I did get paid by AdShares4u this week. Do not forget to surf your 70 sites a week before the deadline on Saturday midnight Eastern I believe it is.

Affordable Affiliates is supposed to get their software launched this week.  I believe that one will work out after they get everything recorded and I hear that is progressing very well.

One of my fellow SQIP-ers has said Christian told her that they hope to have the FTS system redone this coming Friday.  Some have high hopes that will produce well for us. If you are a member of SQIP kindly add me as a friend in there. I am createwaves. On Twitter, I am creativewaves.

I have no idea what is delaying Me2Everyone. many companies have trouble getting software developed on time.  That is taking along time but they do have ambitious plans along with SQIP. So hoping for the best for those two programs. Some like Affordable Affiliates are starting to go the in-house route and hiring their own programmers.

I am also expanding into other things but will let that be for now. Time to relax for a little bit on the bridge to nowhere. Kind of reminds me of the Beatle’s song Nowhere Man.

Ok, I could not resist that one, so here by popular demand is Nowhere Man!

Cheers,

Gene

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Ok, I am going to post a few freebies today to give you a chance to win a new vehicle or scooter. You will need to act fast on some of them as the contests for some are closing very soon.  I will try to update them later, add more etc.

For BC residents you can enter this Contest to win a Smart Car fourtwo coupe automobile from ICBC.  This ends on Oct 31, 2009 so do not delay. Hey it is made by Mecedes-Benz. You could be driving a “smart” Mercedes.

Warning: There is a test so get your driving smarts ready and see who you do with the dirty driving test.  Please put my name in there when it asks who sent you.  Eugene Veinotte.   Thanks.

Act fast on this, contest ends August 31, 2009. Win a 2009 Toyota Rav4 in the Home Hardware contest. How good are they? Check them out at Edmunds.com

Win a 2009 Chevrolet Malibu Hybrid. Ends August 30th 11:59 Pacific.  You can this contest enter daily.  Use this code if you do not have one 6112005045, that should work. It worked for me.

Here is one for US residents. I will be adding more for sure.   Oprah is giving away cars and other things. Act fast. I reckon Oprah can afford it.  You think?

Ok I am going to set up a separate page and add more of these later when I get some time.  Check back later.

Cheers,

Gene

Well that is one big scam by a real ponzi man.  My spell check wanted to change ponzi man to pansy man and almost made it in. Silly, silly, silly  spell check.

It was announced that Bernard Madoff was stripped of all his possessions under a 171 billion dollar, yes that is correct, billion, forfeiture order and he is facing life in prison, well unless he can live beyond another 150 years they are seeking for him.  Since he is 71 now, that is not very likely.  Way to go ponzi man.

The magnitude of this kind of makes all those scams on the net look really puny.  Not that they do not hurt folks in the wallet at times though.  Still as mentioned before, play smartly if you dare to tread in the ponzi waters.  Or save your money for something else.  You decide.

AdVentures4U is still going strongly.  Many are in this now and yes it does depend on money coming in for it to continue.  So does that make it a pansy or a ponzi?  Hehehe. You decide.

Speaking of Free, Home Hardware (Canada) are giving away a brand new Toyota Rav4.  Well 3 of them actually.  Now that is a nice prize.  If qualified make sure you enter only once.  The Rav4 is produced in Canada, Woodstock, Ontario. Imagine that. Other models are made in Canada also.  That was smart thinking by the Japanese to build locally.

I may post a separate page of Free Offers on top, well I will actually. So be on the look out for that and if you know of any very good ones, drop me a line or make a comment here on this web site.

BTW if you joined SQIP, Me2Everyone or both, make sure you add me as a friend in there.  I will be uploading some photos and Me2Everyone is going to give away 10 million shares very soon.  Don’t wait to join and suggest this to friends.  Hey they may win and if you have referred someone, you will win something also.  Of course they are working towards building a huge site and business.

Bigger than Facebook and those other social networks.  Who knows? Then when it is in place they will sell and everyone will make money.  That is the theory and I sure hope they are correct in that vision.  Lots of activity coming in Me2Everyone and also SQIP. M2E are announcing new things daily.

SQIP has increased the valuation to .82 Euros and one day could go to 5, 10 or 20 Euros based on their model being very successful.  Anyone both of these are still free to join and have instant value.

I will be posting some photos in there as that is part of the free component as well as much more.

Cheers,

Gene

PS Check the creativewaves blog for the latest news there.  There is a new page and some writings to discover.

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