In light of the escalating conflict between Russia and Ukraine, we would like to provide some context, courtesy of Dynamic Funds’ Chief Investment Strategist, Myles Zyblock. Russia launched a broad-based attack on assets in Ukraine over night, and there have been follow-up reports of intense fighting continuing into the morning. Most world leaders have condemned… Read More
Last week, our headline newsletter article “18 Charts for 2022” led with a discussion of the recent market decline. We would like to provide some additional context, courtesy of Dynamic Funds’ Chief Investment Strategist, Myles Zyblock. Please do not hesitate to contact us with any questions. Market Volatility: Rough Waters Equity markets have been rocked… Read More
Happy New Year to all You First clients, and we wish you a healthy and joyful 2022. Markets are nearing the 10% decline mark to start the year and you have likely noticed a drop in the value of your investments. Let’s jump right to a chart: 10% pullbacks happen all the time. 65% of… Read More
There are a lot of tax-related contribution limits, credits, thresholds to remember in our industry, so we’ve compiled this handy reference list. Maximum RRSP contribution: The maximum contribution for 2022 is $29,210; for 2021, it’s $27,830. The 2023 limit is $30,780. TFSA limit: In 2022, the annual limit is $6,000, for a total of $81,500… Read More
Earlier this month, the government announced that the repayment deadline for CEBA loans to qualify for partial loan forgiveness is being extended from December 31, 2022, to December 31, 2023, for all eligible borrowers in good standing. This extension will support short-term economic recovery and offer greater repayment flexibility to small businesses and not-for-profit organizations,… Read More