Author Archives: Brian Poncelet

Apple apologizes for slowing iPhone, drops battery prices

Customers are upset with the company over a software update that deliberately slowed down older phones in some situations to extend battery life. Some thought it was a ploy to get people to upgrade to new devices. A number of people have filed lawsuits over the feature and are seeking class action status.

The feature will stay on phones, but Apple says an upcoming iOS update will ” give users more visibility into the health of their iPhone’s battery.” It did not say if it will give them the ability to turn the feature off or on.

“We know that some of you feel Apple has let you down. We apologize,” said the message.

The company confirmed the slowdown last week, but said it was part of a power management feature meant to prevent older batteries from shutting down suddenly.

“First and foremost, we have never – and would never – do anything to intentionally shorten the life of any Apple product, or degrade the user experience to drive customer upgrades,” the post said.

Apple calls its lithium ion batteries “consumable components” in the post, meaning they’re meant to be replaced. But because of the iPhone’s design, the process is not as simple as popping in a fresh battery.

To switch out a battery on an iPhone, you have to go to an Apple retailer or ship your phone to Apple. You can also use a third-party service or order a kit to do it yourself, though those options will void an existing warranty.

Upgrading to a new battery will clear up any slowdowns related to the update, said Apple

Chapter One – No regrets insurance (Podcast)

Chapter One – No regrets insurance

5 money mistakes to avoid in the new year

1. Stop saving your leftovers

Saving shouldn’t be an afterthought. Instead, adopt a “pay yourself first” model, which is a battle tested way to increase your savings

2. Stop using painless payments

Every day retailers and payment systems are streamlining processes so you can pay faster and easier.

But the farther away you get from the act of paying (which is painful) the more money you’re likely to spend, says Dan Ariely, a behavioral economist and co-author of “Dollars and Sense.”

3. Stop being silent about money

Research shows that not only are we bad at dealing with money, we’re also bad at talking about money.

4. Stop your wholesale club shopping

Wholesale club shopping makes you spend and eat more, according to a recent study.

5. Stop allowing your credit to be available to anyone

The news about the Equifax data breach — in which the personal information of 145 million people’s personal and financial data were accessed — has moved off your news feed, but your risk of identity theft remains.

Calgary mother Seema Minhas missing for week found dead

Seema Minhas-Randhawa

A missing Calgary woman was found dead on Wednesday, say police.

Samarjit (Seema) Kaur Minhas, 30, was last seen on Thursday in the northeast community of Coral Springs.

Police said the death is not considered suspicious, and no more details would be released.

Friends and family had earlier expressed concerned for her wellbeing after she failed to pick up her daughter from a sleepover.

Colleen Ryan, the principal at the daughter’s school, also taught Minhas when she was in junior high. The principal told CBC News earlier Wednesday that Minhas was supposed to drop off her daughter at school, but the Grade 3 student never showed up.

Ryan said this was “extremely” out of character for Minhas.

Minhas’s husband died suddenly last December, leaving her the sole provider for her daughter.

Minhas, who struggled with health issues that left her unable to work consistently, went public to urge people to do what she and her husband failed to do in time: consider getting life insurance.

Life insurance is of vital importance, for more information on life insurance please visit,

https://www.linkedin.com/in/brianponcelet

The TFSA limit for the year 2018

The TFSA limit determines how much you can deposit in your Tax-Free Savings Account each year.

Tax-Free Savings Accounts (TFSAs) were first introduced in Canada in 2009. Most Canadian financial institutions now offer them. A TFSA allows any Canadian over the age of 18 to save or invest money in a tax-free account. “Tax free” means that you don’t pay taxes on the money you make inside your TFSA. That means things like interest payments, stock dividends or capital gains.

Your TFSA limit if you already have a tax-free savings account

Have you already opened a TFSA and started saving? That’s great. If you’ve never withdrawn money from your account, you can keep adding until you hit the current TFSA limit.

If you have withdrawn money from your TFSA in the past, that’s fine! You will get that room back, but not until the following year.

Your financial provider will likely alert you if you hit your TFSA limit for a single account. But keep in mind that you can open more than one TFSA, with more than one financial institution. Say you deposited $40,000 in a TFSA at one bank, and $40,000 in a second TFSA at another. Neither bank would flag your account, but you would still be over the limit. Ultimately it is up to you to confirm that you stay within your TFSA limit.

Year TFSA Annual Limit TFSA Cumulative Limit
2009 $5,000 $5,000
2010 $5,000 $10,000
2011 $5,000 $15,000
2012 $5,000 $20,000
2013 $5,500 $25,500
2014 $5,500 $31,000
2015 $10,000 $41,000
2016 $5,500 $46,500
2017 $5,500 $52,000
2018 $5,500 $57,500