Billionaire hedge fund manager Paul Tudor Jones said in a CNBC interview last week that a Biden presidency will mean a huge boost in stock prices in the first quarter of 2021.The market rally is fuelled by an expected massive fiscal stimulus which … [Read more...]
Just for Doctors Newsletters
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Oct, 2020 $1000 grant for implementing COVID-19 plan
October 13, 2020 by
(This article is an excerpt from the General Practice of Service Committee) Doctors with community offices in BC have invested time and expense to re-open their practices in a way that ensures safe in-person care for patients. To help offset … [Read more...]
13
Oct, 2020 Reducing your RRIF withdrawal
October 13, 2020 by
In March, the government lowered the annual minimum withdrawal amount for RRIF’s by 25% for 2020. This measure was a result of many retirees experiencing a drastic drop in their investment portfolios as the pandemic created havoc in the investment … [Read more...]
13
Oct, 2020 CEWS audit strategy is intimidating
October 13, 2020 by
The Canada Revenue Agency (CRA) has started to audit the Canada Emergency Wage Subsidy (CEWS), and it took employers and accountants by surprise. The purpose of the CEWS audit program, according to CRA, “is to identify the types and levels of … [Read more...]
28
Sep, 2020 B.C.’s Economic Recovery Plan
September 28, 2020 by
The BC government introduced its economic recovery plan, which provides the following incentives for businesses and professionals. Here is a summary. BC PST Rebate on Machinery & Equipment Effective September 17, 2020, eligible … [Read more...]
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Sep, 2020 September 30 is deadline for personal taxes and instalments
September 28, 2020 by
On September 30, you have to pay any income taxes owing on your 2019 personal income tax returns. You will not be charged penalties and interest, as long as you make the payment and file the return by the September 30 deadline. September 30 is … [Read more...]
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Sep, 2020 Are you financially prepared to support your aging parents?
September 23, 2020 by
Many Canadians expect that providing financial support to their elderly parents will have a major impact on their finances, a 2019 survey commissioned by FP Canada reveals. Of more than 1,500 Canadians surveyed, 14% among those with a living … [Read more...]
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Sep, 2020 Brace yourself for a tax on your home
September 23, 2020 by
The worry about a tax on your principal residence started with an article in the Blacklock’s Reporter. It claims that the federal government is considering a home equity tax and that CMHC is spending $250,000 to research this initiative at the UBC … [Read more...]
8
Sep, 2020 RESP withdrawal strategies
September 8, 2020 by
Sophie is looking forward to start her post-secondary education. To pay for the university fees of $15,000, which includes $7,000 of tuition fees, her mom is planning to use the RESP, which has a balance of $90,000. In addition to her contribution of … [Read more...]
8
Sep, 2020 Are you on track to retire on time?
September 8, 2020 by
To determine your retirement income, you have to consider all the variables, such as your current age, your anticipated retirement age, your current income, and your target retirement income. According to Fidelity Investments, you should be able … [Read more...]
