The promising start to 2023 continued for investors in April as stocks posted more gains, bond yields were stable, and inflation cooled again. However, concerns remain around the direction of central bank interest rates, the debt ceiling, and consumer spending. Here’s a summary of the main events that steered the markets. Markets are up since… Read More
The You First Blog
We hope you and your families enjoyed a happy, healthy, and relaxing holiday season. As we turn the page on 2022 and bring 2023 into focus, here are 15 topics to consider when planning for the coming year. Markets have been increasing since early-October 2022. On October 12, 2022, the S&P 500 bottomed out –… Read More
The new First Home Savings Account (FHSA) was proposed in the 2022 Federal Budget as the first truly tax-free investing account in Canada. The FHSA rules will come into force on April 1, 2023. Once in force, every prospective first-time homebuyer meeting the program’s criteria will want to open one. A truly revolutionary new account… Read More
The deadline to contribute for the 2022 tax year is soon approaching. Depending on your marginal tax bracket, you could see a tax savings as high as 53.5% on your contribution. Roughly speaking, if you earn more than $50K a year, a $1,000 contribution will generate a $300 tax savings. If you earn more than… Read More