BC homeowners have begun receiving their Speculation & Vacancy Tax notices in the mail. The deadline to make your declaration is March 31st 2021. This is an annual filing requirement that homeowners are by this point well familiar, but for any new homeowners or those who require a refresher, please read on. Once you receive… Read More
The Smof Investment Blog
March 1, 2021 is the deadline for contributing to an RRSP for the 2020 tax year. Our office will send out multiple reminders between now and deadline day. Signing your contribution form is easier than ever. With our improved electronic consent procedure, you can now e-sign using your phone in as little as 30 seconds… Read More
On March 31st, we posted a blog on the tax benefits of working from home. The information contained in March 31st blog still applies, but we want to make you aware of a potentially easier reporting method. The Federal Government proposed a “Simplified T2200” during their Fall Economic Statement. Under this proposal, the simplified T2200… Read More
Myles Zyblock, Dynamic Funds’ Chief Investment Strategist, offered the following insights around the U.S. economy this week: U.S. Economy: Q3 GDP and Beyond The world’s largest economy is in recovery mode. U.S. consumer spending has made an impressive comeback, manufacturing activity has firmed, and the stabilization in international markets is supporting trade. The second-quarter GDP… Read More
On Wednesday, Members of Parliament voted on a Conservative motion intended to create a special committee to probe the government’s ethics and its spending through the pandemic. Prime Minister Trudeau countered with his own proposal for a more narrowly-mandated ethics committee into the government’s COVID-19 spending only; however, he also stated on Tuesday that Canadians… Read More
North America Friday Close Weekly Change Weekly % Change YTD % Change Canada – S&P TSX Composite 16,439 -124 -0.75% -3.66% USA – Dow Jones Industrial Average 28,606 19 0.07% 0.24% USA – S&P 500 3,484 7 0.20% 7.83% USA – NASDAQ 11,672 92 0.79% 30.08% Gold Futures (USD) $1,902.90 -$33.40 -1.72% 25.19% Crude Oil… Read More