2018: Be prepared for what’s to come
The Tax-Free Savings Account, or TFSA, was first introduced to Canadians in 2008, to come into effect January 1, 2009. The maximum contribution limit was $5000. The account was a way for the Canadian government at the time to encourage personal savings, tax favoured, but without the same restrictions of the RRSP. But what is […]
The cannabis craze — “it’s so dope”
Today is referred to as “Blue Monday” mostly because it’s a time when people are starting to get their credit card bills in to see the holiday spending, and getting sick of the cold weather wanting to travel somewhere warm. In the world of finance, reports on consumer spending and earnings for the last part […]
2017: Top 5 Newsmakers
This week saw yet another state – California – implement the legalized recreational marijuana retail sales. Canadian provinces are working toward the retail distribution and sales to begin this summer, nation-wide. With this newly created industry booming, many investors are wanting to jump on the cannabis bandwagon, purchasing stock in producers such as Canopy Growth […]
The State of September
It’s that time again to take a look back at the top stories that shaped the Canadian economy and financial balance sheets of the average Canadian this past year. Housing This year saw an increase in interest rates, as well as legislation to prevent foreign ownership in markets like Vancouver… all contributing to slowing down […]
Budget Season 2015 – Did you miss it?
As we finish off the third quarter of 2017, September has brought us extreme weather, national tax issues for small business owners, and now an interest rate increase – the second for the year – courtesy of the Bank of Canada. All separate in their own right, they all have an effect on the economy, […]
Show Me The Money!
The week of April 20th, 2015 was a busy one for our federal and provincial Ministers of Finance as both Canada and Ontario revealed their 2015 proposed budgets to the public. There was some hooplah, some shock and awe at the proposed sale of a part of Hydro One and other Ontario government assets to […]
Christmas Budget Time
How much do your finances affect other aspects of your life? If you were expecting a fabulous picture of Tom Cruise as Jerry Maguire screaming the fabulous catchphrase of the movie, my apologies. I’m not enough of a fan to pull that off, but I do encourage you to picture that image in your head […]
Headline Update… where do the stories go?
T’is the season again… the coffee shops are sporting their holiday cups, the stores have crossed over their seasonal sections to Christmas, and the early starters are digging out their holiday decor. The inevitable gift shopping and entertaining begins not long thereafter. Come January, one of the biggest challenges many of us face is coming […]
Planning for Success
It was six years ago now that we saw what was one of the largest economic declines, recessions and depressions in the developed nations in fifty years. We saw not only businesses, banks and insurance companies faced with having to close their doors, but entire countries were in economic ruin. The terms “too big to […]
We’re well into the last quarter of 2014 and if you own a business there’s no better time than the present to be looking at 2015. What are your short- and long-term goals for the new year? What’s working, and what’s not? Where did 2014 fall short for you? What changes to your business will […]