What is the new tax-free First Home Savings Account (FHSA) and how does it work?

What is it? In the 2022 Budget, the federal government proposed the launch of a new registered savings account to give Canadian potential first-time homebuyers the ability to save $40,000 toward their purchase tax-free, which, given Canada’s exceedingly high real estate prices, isn’t a bad thing. This...

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Recessions & Risk

“The brains of humans contain a mechanism that is designed to give priority to bad news.”  - Daniel Kahneman There has been no shortage of scary headlines regarding the economy and the markets.  The dreaded ‘R’ word is rolling across tickers, as news pundits jostle to predict when the...

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Family Cottage Planning

As cottage season gradually approaches a close, it’s a great time to talk about capital gains, taxation and financial planning for homeowners who also own a cottage property. We never like to think of the worst coming to pass, but if you own a cottage, it’s a good idea to sit down for a family...

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The 'Wisdom' of the Crowds

Markets at all-time highs, multiple offers on all things real estate, lumber price sticker shock… All occurring while many of us are still barred from visiting friends and family! What’s going on and can it continue? In this month’s Innova Market Insights, we discuss the on-going ‘Everything Bubble’...

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The Great Rotation?

The Great Rotation? It’s been an interesting few weeks on the markets with the high-flyers of 2020 taking a few steps back and the browbeaten underperformers of Covid driving the market ever higher. The following is a quick snapshot of some of the market’s winners and losers so far this year, which...

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CoViD Work from Home Tax Tips

Working from home through CoViD? We’re looking ahead in this month’s IMI to help ensure you get the best deductions possible in exchange for being trapped inside for the past 11 months!!! Due to the exceptional circumstances last year, CRA has made available two different methods for claiming work-from-home...

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2020 Business Review

What can be said about 2020… “The worst year ever” has been thrown around a lot, and for the marginalized, those sequestered in long-term cares, and those with young kids trapped inside the house, it certainly felt like it at times. As students of history, it was a thought-provoking year where we...

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Bothersome Bonds

“The stock market is a device to transfer money from the impatient to the patient.”— Warren Buffett In times of “peak uncertainty”, it is often tempting to run for the hills and put all your money under the mattress or, in the investment world, move to cash or bonds. In this month’s newsletter we...

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FOMO Rally

“In the short run, the market is a voting machine, but in the long run, it is a weighing machine.”  - Benjamin Graham When the big ball dropped announcing the New Year, the general consensus for the S&P500, the U.S.’ largest stock market, was that while valuations were a little high...

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