“In the old legend the wise men finally boiled down the history of mortal affairs into a single phrase: ‘This too will pass’” – Benjamin Graham The Stock Market Pulls Back This week, markets pulled back in a noticeable way. The S&P/TSX Composite Index finished down 3.3%; the S&P 500 was down 3.9%; the… Read More
The Smof Investment Blog
“Nothing in fine print is ever good news” – Andy Rooney Weekly Update – A Warning To Home Buyers You may have read about a July 31st ruling upheld by the Tax Court of Canada regarding Section 116 of our tax law. This specific section requires the purchaser of real estate to withhold 25 per cent… Read More
We updated the Smof Investment website with a new design. Hopefully, you will find it more resourceful and user-friendly. There will be a second phase of website changes by the end of the year. In the meantime, please explore and let us know what you think! What’s new -Modernized layout (navigation tab at the top)… Read More
In 2012, new rules were introduced that allowed Canadians to apply for CPP benefits as early as age 60 at a reduced rate, or as late as 70 at an increased rate. This was meant to address Canada’s evolving landscape of retirement, with some Canadians retiring before age 65 while others are working past it…. Read More
The S&P 500 has been rising for almost 10 years, and on August 22nd, it officially became the longest U.S. bull market in history, reaching 3,453 days from its humble beginnings on March 9, 2009. Where do we go from here? How much longer will this last? Will there be a downturn soon? These are… Read More
On Sunday, the United States and Canada reached a last-minute deal to save NAFTA as a trilateral pact with Mexico. The full text of the agreement can be located here. The new United States-Mexico-Canada Agreement (USMCA) largely leaves the broad North American Free Trade Agreement (NAFTA) intact, and maintains current supply chains that would have… Read More