The 2019 Federal Budget tabled several proposals that will impact the financial, tax and estate plans of Canadians. The following is a summary of the most relevant budget proposals that may impact You First clients: Measures for Individuals Home Buyers’ Plan Withdrawal Limit Increase The home buyers’ plan (HBP) allows first-time home buyers to withdraw… Read More
“The art of taxation consists in so plucking the goose as to obtain the largest amount of feathers with the least amount of hissing” – Jean-Baptiste Colbert Market Rise Again on Brexit & U.S.-China Trade Optimism Markets rose to five-month highs to close out the Friday session. Renewed optimism on the U.S.-China trade front, combined… Read More
“Success usually comes to those who are too busy to be looking for it” – Henry David Thoreau Bank of Canada Holds Key Rate Steady The Bank of Canada opted not to increase its key rate on Wednesday and cautioned “increased uncertainty” when discussing the timing of future rate increases. While future rate increases are… Read More
“The greatest inspiration is the deadline” – Anonymous 2018 RRSP Deadline Has Arrived, Tax Season Looms Another year, another RRSP deadline. After today, all contributions will count toward your 2019 Tax Returns. Tax season is the next big calendar event on the horizon. The 2018 tax deadline for most Canadians is April 30, 2019…. Read More
“Keep every promise you make, and only make promises you can keep” – Anthony Hitt 2019 B.C. Provincial Budget Announced The B.C. New Democrats released their second provincial budget this week. While the budget mostly stuck to the script, there were a few surprises. Here are some key takeaways: The B.C. Child Opportunity Benefit. A… Read More