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
The You First Blog
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
There are two prevailing concerns that we’ve been asked about more recently: rate hikes and slowing growth. Courtesy of Myles Zyblock (Chief Investment Strategist, Dynamic Funds), we’d like to present some numbers relating to these issues. 1) Rate hikes. Inflation has been a hot topic in the press with higher prices seen broadly from gas… Read More
Hello to all You First readers! We hope you are enjoying the sunny weather and the reopening of the city. We have passed the halfway mark of 2021 and we would like to provide you with a visual update of the major investment themes observed this year. The early phase of the business cycle, marked… Read More
Once in a very great while, there comes a year in the economy and the markets that serve as a tutorial in the principles of successful long-term, goal-focused investing. 2020 was such a year. On December 31, 2019, the Standard & Poor’s 500-Stock index closed at 3,230.78. This past New Year’s Eve, it closed at… Read More
We would like to provide you with an update on the work-from-home tax saving options available for the 2020 tax year. Those who worked from home in 2020 will have to decide whether to use the $2 a day flat-rate or detailed method. At tax time, you can use our employment expenses checklist which will… Read More