The You First Blog

2018 Federal Budget Recap

February 28, 2018
Anthony's Update
Anthony Sabti

Following last week’s provincial budget release, yesterday Finance Minister Bill Morneau delivered his 2018 Federal Budget. The key item was additional clarity on the taxation of passive income in a corporation. This is in addition to previously-announced measures for corporations such as the elimination (in some cases) of income sprinkling. The budget did not deliver… Read More

“If you want to reap financial blessings, you have to sow financially” – Joel Osteen 2017 RRSP Contribution Deadline – March 1, 2018 One final reminder for all those intending to contribute for the 2017 Tax Year. The last day to contribute is March 1st. Note On Wednesday’s NDP Budget Recap article, it was initially… Read More

2018 BC Provincial Budget Recap

February 21, 2018
Anthony's Update
Anthony Sabti

2018 BC PROVINCIAL BUDGET ANNOUNCED Finance Minister Carole James announced the BC NDP Government’s budget yesterday and delivered on a wide variety of promises from its election platform. The key initiatives were centered around housing speculation. The provincial government released a 30-point plan addressing housing affordability in the province. Highlights from the plan include: •… Read More

“The Stock Market is a device for transferring money from the impatient to the patient” – Warren Buffett North American Major Markets Recover This week saw North America’s main stock indexes recover from last week’s nine per cent loss. The Dow Jones Industrial Average (DJIA) rose by 1,028 points this week to finish at 25,219…. Read More

“Volatility is far from synonymous with risk” – Warren Buffett Volatility Returns to the Markets U.S. markets took a beating this week, as a rise in bond yields and inflation fears led to historic drops for the Dow Jones index on Monday and Thursday. Since last Friday, the daily return of the DOW has been:… Read More