The You First Blog

With September comes the annual school year kickoff for many families. This is also the perfect time to reiterate the powerful benefits provided by the Registered Education Savings Plan (RESP). For most households, the RESP is the top investment vehicle available for children’s education savings. Here are the key facts: Annual maximum contribution: $2,500 (or… Read More

By now, you’ve probably read about the new FHSA program, introduced by the Federal government to help save for a first home purchase. Many people have thought of the immediate benefits; that is, utilizing the FHSA to help fund their own down payment. This makes sense of course. The FHSA, if used to fund a… Read More

The new First Home Savings Account (FHSA) is expected to be rolled out in 2023 and once it has launched, every prospective first-time homebuyer will want to open one. A truly revolutionary new account structure, the FHSA is a best-of-all-worlds mix between the RRSP, the TFSA, and the Home Buyers Plan (HBP) programs: never has… Read More

You have likely already read Anthony’s article “The role of monetary policy on markets.” The article paints a complicated picture for fixed income. Low yields mean minimal returns and you still face interest rate risk, which will put downward pressure on bond prices. This presents a dilemma for investors who have a fixed income mandate… Read More

We at You First feel it is beneficial to periodically review the basic tax-advantaged account structures available to Canadian investors. In this segment, we’ll discuss the Tax-Free Savings Account (TFSA): who will benefit from a TFSA, what it is and is not, how it works, and we’ll finish with some frequently asked TFSA questions.   You… Read More