Almost exactly one year ago, we sat at the start of the pandemic. Many of us clung to the hope that shutdowns would do their job and life would return to normal by summer. Now, 12 months later, we have a better hope, thanks to the vaccine.
This issue of Well-Advised begins and ends with COVID-19 topics. On Page 1, we examine how the pandemic affected Canadians’ savings – in two very different ways. An article on Page 4 outlines the home office expenses tax deduction for employees who worked from home during the pandemic.
Retirement planning is another key theme in this newsletter, as we shine the spotlight on two popular retirement topics. On Page 2, we look at the variety of ways retirees can use a Tax-Free Savings Account (TFSA). Page 3 addresses the question of when you should start collecting Canada Pension Plan (CPP)/Quebec Pension Plan (QPP) and Old Age Security (OAS) benefits.
Finally, with summer just a few months away, a Page 4 article points out things to consider if you’re thinking about purchasing a vacation property.
We hope that you and your family enjoy the spring, while staying safe. Please feel free to contact us whenever you need advice or have questions about your investment portfolio
Ted, Eric, Rob and Chris