The You First Blog

Pay your taxes: The CRA interest-free deferral of your 2019 tax balance and 2020 instalments ends on September 30th

September 17, 2020
 Canada Revenue Agency, Client services, Tax
 JoAnne Provost

This is yet another reminder that the interest-free payment deadline for your 2019 individual income tax returns and 2020 March/June/September instalments is Wednesday, September 30, 2020. Penalties and interest will not be charged if returns are filed and payments are made by this date. This includes the late-filing penalty. Source: Canada.ca

Tax Payment Deadline Extension, CERB and CEWS Program Updates

August 11, 2020
 Anthony & Frank's Update, CERB, CEWS, Client services, Economy, Uncategorized
 Frank Mueller

There continue to be many important updates regarding financial aid and CRA tax deferrals. Below is a quick summary of the recent news: Tax payment deadline: Two weeks ago, the payment deadline was re-extended by one month from September 1st to September 30th for those who either have a balance owing on their 2019 tax return,… Read More

First Half 2020 Market Update – Charts of Interest

July 24, 2020
 Bank of Canada, Client services, Economy, Federal Reserve, Frank's Update, Inflation, Interest Rates, Investments, Mid-Year Outlook, The Markets
 Frank Mueller

Last week, we presented our Q2 2020 – Frequently Asked Questions (FAQ) blog post. Today, we would like to present the first half 2020 market update with some charts of interest. 1. 2020 Equity returns year-to-date The first half the year saw a continuation of market increases until late-February, when COVID-related fears took hold of… Read More

Q2 2020 – Frequently Asked Questions (FAQ)

July 17, 2020
 Anthony & Frank's Update, Bank of Canada, Client services, Economy, Federal Reserve, Inflation, Interest Rates, Investments, Mid-Year Outlook, The Markets, You First Financial
 Frank Mueller

We hope everyone remains healthy and well. We would like to answer some frequently asked questions (FAQ) on the current state of markets and the global economy. We culled responses from various economic strategists and portfolio managers. As usual, we are dealing with a mix of positive and negative data and ultimately, “the virus has… Read More