year-end investing

Year-End Financial Housekeeping, Buffett Style

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 […]

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After a Bear Market, what happens?

What Happens After a Bear Market?

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 […]

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Scientists and Health Professionals study COVID-19

It’s Not Just About the Antibodies

Through many conversations with different individuals we’ve heard more than once that people feel they had, and lived through, COVID-19, stating it’s the worst they’ve ever felt. Some have, and some haven’t been tested, and it makes you wonder if COVID-19 was here earlier than we thought. Some research states that we build antibodies that help fight off the disease, but these antibodies only last for a certain period, leaving people susceptible to contracting the disease again later in time.
As we continue to get barraged with negative news […]

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Benefits of Dollar-cost averaging

Consider the Benefits of Dollar-Cost Averaging

As we have seen with recent equity market reactions, short-term price movements are often unpredictable and nobody can be certain when the next upturn will begin. Such turns can occur when the outlook is bleak and the natural inclination may be to sell, not buy. In hindsight, all down markets look like buying opportunities. But in the moment, it’s not always easy to commit money to an investment that has gone down in price, particularly in a bear market.
Those investors who […]

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Tax Deductions for Working at Home

The End of the Office Era? Keep Good Records

Is the office era over? For many office workers, working from home became the new normal this spring. As such, some may be wondering if they are able to claim a tax deduction for home office expenses.
The Canada Revenue Agency (CRA) currently allows for a deduction in instances in which one of the following conditions is met:

The workspace is where you mainly do your work (more than 50 per cent of the time); or
You use the workspace only to […]

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Increasing Rate of Change

The Increasing Rate of Change

It has been said, “there are decades where nothing seems to happen and then there are weeks where decades happen.” This spring was no exception. With the COVID-19 pandemic, we have experienced change that has occurred at unprecedented speeds, including physical distancing, home isolation, and the voluntary shut down of economies. This led to equally unprecedented reactions: oil futures prices falling to negative levels and rebounding, entire industries being shut down, and record unemployment levels.
Equity markets reacted in a […]

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Investing in 2020

What is the Economic Path Forward?

It may be difficult to remember, but it was only months ago that we were in the midst of the longest economic expansion in history. How quickly things have changed. As a result, many investors are asking: what is the economic path forward? 
Beyond the terrible health consequences of the pandemic, the short-term economic effects have been equally extraordinary. We have seen individuals, companies, and industries affected in adverse ways. COVID-19 has also helped to accelerate certain existing economic and […]

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Tax Planning is a Year-Round Exercise

Saving Tax is a Year-Round Exercise

Spring is the time when taxes are top of mind as personal income tax returns are due. Did you take action to reduce your tax bill in 2019? Perhaps you can do better this year. Here are four ways to help minimize payables to the Canada Revenue Agency (CRA):

“Reduce” Your Refund — If you receive a tax refund from the CRA on a regular basis, this shouldn’t be a cause for celebration. You’re effectively providing an interest-free loan to […]

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