Last week, the U.S. Securities and Exchange Commission (SEC) approved Bitcoin ETFs into the crypto markets. Bitcoin ETFs are now listed and can be traded in mainstream portfolios. This approval has sparked the interest of some investors, wondering if it…
Important Tax Numbers-Revised for 2024
Working Canadians: RRSP Contribution Limit: The maximum contribution limit for 2024 is $31,560; for 2023 it’s $30,780. TFSA Limit: The annual contribution limit for 2024 is $7,000. If you have never contributed to a TFSA the maximum cumulative amount is $95,000. Basic…
Market Outlook for 2024
To say the markets ended 2023 on a strong note would be an understatement. Most of last year, the markets were dominated by a handful of mega-cap stocks commonly referred to as the magnificent seven. The rest of the market…
Financial Tips for Santa
Santa’s on a tight schedule, he only has a few days left to make sure all the presents are wrapped, packed and his reindeer are ready to fly. The end of the year is also a crucial time for last…
Avoid Credit Card Fraud
The holiday season is here! Tis’ the season to relax, spend time with your loved ones and eat lots of delicious food. It is also the time of year in which, for most of us (myself included), we increase our…
A Positive Outlook for 2024
The outlook for the economy and the markets is finally starting to turn positive, with central banks holding rates for now, but expected to start cutting in 2024. According to CIBC World Markets Inc.’s economic outlook, even though 2024 is…
Avoid Debt this Holiday Season
Today is Black Friday! Monday is Cyber Monday! This weekend is when most of us will power shop to get all our holiday shopping started or done. However, to help avoid a nasty credit card bill in January, here are some useful…
Year-End Tax Tips for 2023
It is hard to believe there are only six weeks left in 2023. As the end of the year fast approaches, like me you are probably looking forward to enjoying the upcoming festive season. However, along with your last-minute shopping, here…
The Consequences of missing – or ignoring – CRA mail
Most of us get an abundance of emails daily that can range from work emails, spam, newsletters, etc. With so much information making its way into our inboxes everyday it can be easy to miss a few important emails once…
Getting Divorced & Dividing Assets
When you split up with your spouse you will need to divide your assets. The division of assets upon relationship breakdown is a provincial/territorial concern and there are variations across the country depending on where you live. There are also…