Market Update for March 2020
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.
Working From Home During Coronavirus
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 […]
Mortgage Deferral Options During Coronavirus
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 […]
Financial Assistance: Benefits to Get Through Coronavirus
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) […]
Market Update for February 2020
February was a down month for nearly all equity market indexes as the corona virus continued to spread around the world.
Coronavirus: Stay Safe, Keep Calm
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 […]
ModernAdvisor joins Guardian Capital group of companies
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 […]
RRSP Crunch Time! How Much Should You Contribute?
Question. Hi, I keep hearing about RRSPs in the news lately, and I know the contribution deadline is getting close. I’m wondering if should contribute to my RRSP this year, and if so, how can I figure out how much to contribute? Do you have any advice or suggestions for me? Answer. Indeed, it’s that time of year again, […]
