December was a good month for stock and bond markets, capping off an odd and volatile year. When looking at the performance for the year overall, it turned out to be an average year despite the sharp drop and panic in March.
While the deadline for filing your taxes is still months away, the 2020 year-end is only weeks away, and most strategies discussed in this post would have to be implemented before December 31st in order to effective for the 2020 tax year. Let’s take a look at our top 5 tax saving tips and strategies. Make your RESP contributions. […]
November was a strong month for stock and bond markets following announcements of positive test results for COVID-19 vaccines.
October was a down month for nearly all equity market indices we track, with emerging markets being one of the few positives.
September was a down month for nearly all equity market indices we track, the first negative month after five consecutive positive months.
Question. I’m planning to retire next year and wondering about my pension. I have been with the same employer for about 25 years, and have a defined contribution (DC) pension plan. What are my options when I retire? Answer. That’s a great question, and a very important decision regarding your retirement. While retirement with a defined benefit (DB) pension […]
Question. Like many other Canadians, I have been affected by COVID-19 and the corresponding economic shutdown. I have been receiving Canada Emergency Response Benefit (CERB) payments for the last few months, and wondering if there are any tax implications? Answer. As we know, the Canada Emergency Response Benefit (CERB) is designed to provide financial support to both employed and […]
Nearly all major equity markets continued their recovery from the difficult first quarter of 2020.