As a result of the lockdown, many Canadians have now been forced out of the work. If you have lost your income due to COVID-19, and are in need of financial assistance, please see our previous post, Financial Assistance: Benefits to Get Through Coronavirus. Indeed, the economic fallout from COVID-19 and the corresponding lockdown is well-documented, and dominates the media […]
March was the worst month for global stock markets since the 2008-09 financial crisis. Bonds were down a little, while oil halved (!) in price as COVID-19 shutdowns decimated the demand for oil.
Question. Like many other people, I am now working from home due to the lockdown. I’m wondering, can I now claim home office expenses as a tax deduction? Also, my employer gave me some money to buy things such as a new webcam for our virtual team meetings, so I can work from home properly. Is this a taxable benefit […]
Question. Our family has been financially impacted by the shutdown due to COVID-19, and we are really having trouble making ends meet. I noticed recently that banks are offering people the option to defer their mortgage payments for a while. Is this something I should do? Are there any negative consequences? Answer. These are definitely challenging and unprecedented times. Many […]
No doubt, many of us are struggling these days as extreme social distancing measures continue, and vast segments of the Canadian economy are virtually shut down. While some of us are fortunate enough to still have our jobs and our incomes, others have not been so fortunate. For the week ending March 21st, there were over 500,000 employment insurance (EI) […]
February was a down month for nearly all equity market indexes as the corona virus continued to spread around the world.
Back in January, investor optimism soared as headlines touted great success for both US and Canadian markets. We were told Canada’s main stock market index, the S&P/TSX composite index, was expected to shatter records this year, as the market was hitting record highs. Two months later, in March, we are now dominated with headlines of the worst day in history […]
Six years ago we set out to improve and modernize the investing experience for Canadians. Today, we are excited to announce that ModernAdvisor has joined the Guardian Capital group of companies. Our transparent and tech-enabled approach to investing, combined with Guardian Capital’s expertise and resources will help us to better serve our clients and reach even more Canadians. In light […]