Short Takes: Long-Term Failure of Active Management and more

Canadian Couch Potato looks at a study of the dismal odds of outperforming an index with actively-managed funds over a lifetime.

The Blunt Bean Counter found a few more reasons that I missed for young people to file tax returns even when they don’t owe anything.

Big Cajun Man has some takers on his group challenge to give things up to improve your finances.

Money Smarts has some tips on setting up a simple and cheap RESP GIC account. GICs won’t make big returns, but you’re less likely to make big mistakes with them.

Million Dollar Journey gives us the benefit of personal experience buying foreclosures in Canada.