Did you work from home last year? As a result of the pandemic, the Canada Revenue Agency (CRA) has made changes to the rules surrounding home office expense claims.
It may be easy to lose sight of the importance of time in building wealth. Today, the reasons are many: heightened market volatility, an increasing focus on immediacy and the influence of media in the digital age. Yet, in investing, having a longer time horizon takes advantage of compounding, which can have profound effects over time. This involves the difficult task of enduring inevitable and unpleasant short-term events like recessions and even an unexpected pandemic. The following may help […]
While we may prefer to think that nothing bad will happen to us, the current pandemic is a reminder that unfortunate surprises can, and sometimes do, occur.
Amidst the many hardships created by the pandemic, there may be prudent lessons that can assist us in finding greater financial success. As we look to better times to come, here are some reminders.
For those old enough to remember, the late 1970s and early 1980s were periods rife with high inflation and interest rates. In 1981, inflation rates reached over 12 percent and the now defunct Canada Savings Bond returned 19.5 percent interest. While high interest rates meant great returns on low-risk assets like guaranteed investment certificates, it also meant unaffordable mortgages!
After a highly contested election complicated by civil unrest and a heated campaign, the American people have decided on a change in leadership. As a Canadian, you may be wondering what impact this change may have on your investments.
Amidst the ups and what seem like mostly downs of the past year, there is light shining from the North. Despite the difficult circumstances we have faced in 2020, there have been bright spots to build optimism for the year ahead.
As we brace for a long winter, continue to look forward to the better times ahead. Here are some thoughts from the world’s greatest investors on persevering through difficult times.
As we approach the final months of the year, why not derive inspiration from one of the greatest investors of our time? Here are a few quotes from renowned investment guru, Warren Buffett, throughout this article.
Get ahead with your retirement savings
While a pandemic has consumed most of our attention for the past 10 months and for the foreseeable future, don’t let that dissuade you from continuing to build your portfolio for your goals. Have you maxed out your tax-advantaged accounts? Consider contributing to your Tax-Free […]
We have encountered many new situations in response to COVID-19 — isolation, physical distancing, economic closures globally, and others — that have created uncertainties for the short term. Doomsayers cite these factors, and others, to suggest that this time is different and the current economic downturn will somehow last forever. However, economic cycles go up as well as down.
Equity markets are also cyclical. Bear markets happen from time to time. Yet, even in the worst situations, equity markets have […]