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
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
There is just over a month left to make an RRSP contribution that would allow you to claim a deduction on your 2021 tax return. We would like to remind you that if you have an Investia Nominee account (most of you now do), you can transfer money to us via the bill payment function… Read More
There is almost always someone in the office between Monday to Friday, 9am to 4pm. However, the fast-changing nature of the pandemic sometimes results in all of us working from home. We kindly ask that if you plan to come to the office, especially if you do not have an appointment, to please check in… Read More