Nvidia Market Cap Surpasses $3.3 Trillion

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Nvidia’s remarkable rise in the stock market reached a new milestone on Tuesday when the chipmaker became the most valuable company within the S&P 500, with investors placing a market value of more than $3.3 trillion on the company. This surge reflects intense demand for Nvidia’s semiconductors, which are a foundational component in many artificial … Read more

How to Maximize Your Compensation Package

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How much do you actually earn from your job? Many people focus only on their paychecks when they evaluate compensation. Yet financial and career experts advise employees to regularly review all parts of their compensation package — including vacation, health coverage, retirement matching and other perks — to avoid leaving value, and therefore money, on … Read more

Moving Tax Deductions: Claim These Deductible Expenses

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Millions of Canadian households relocate each year. Many miss out on valuable tax deductions available through the Canada Revenue Agency (CRA) when they move. A properly filed moving expenses claim can include a wide range of common costs that people often forget to track or misplace during the relocation. Missing these receipts can be costly: … Read more

Leaving Canada? Departure Tax and Non-Resident Withholding Tax

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Canada taxes its residents on their worldwide income. If you live in Canada for tax purposes, you must declare income from both Canadian and foreign sources on your Canadian tax return. Taxes paid to a foreign government can typically be claimed as a foreign tax credit on your Canadian return, which reduces the Canadian tax … Read more

First-Time Homebuyer in Canada: What a Home Inspector Looks For

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You’ve decided to move to Canada and are now ready to take another big step: buying your first home. Before you complete that purchase, one essential step to consider is a professional home inspection. A certified home inspector performs a comprehensive, non-invasive review of a property’s condition—looking at the roof, foundation, windows, insulation, electrical and … Read more

James P. Gunn, Financial Advisor for Wealth and Retirement

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Meet James P. Gunn James P. Gunn is a seasoned financial advisor with more than 25 years of experience. He serves as president of Halton Wealth Management, an independent wealth management firm based in Burlington, Ontario. As an independent advisor and planner, Gunn offers recommendations that are not tied to any particular institution, allowing him … Read more

3-Year vs 5-Year Mortgage: How to Choose the Right Term

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Choosing between a three-year and a five-year mortgage is an important decision. Recent economic turbulence pushed interest rates much higher than usual, but inflation has cooled and the Bank of Canada (BoC) announced its first rate cut in four years on June 5. That easing brings relief, but borrowing costs remain elevated, so if you’re … Read more

Where to Buy Homes Under $1M in Canada

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As more Canadian homeowners face renewing their mortgages at higher rates, housing affordability remains one of the country’s most pressing personal finance challenges. For years, prospective buyers have joked on social media that they “don’t have a million” to spend on a first home. However, if you’re flexible about where you live, many Canadian cities … Read more

Market Preview: What to Watch the Week of June 16, 2024

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Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, summarizes recent financial headlines and provides context for Canadian investors. U.S. inflation continues to ease; rates unchanged The U.S. Consumer Price Index (CPI) showed no monthly change in May (0.0%), and the year‑over‑year increase stood at 3.3%. These results were … Read more

Nvidia Stock Split: What Canadian Investors Need to Know

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“Should I be buying that artificial intelligence (AI) company—the one that just did a stock split?” That was a question I heard from several Canadian investors in the week leading up to Nvidia’s 10-for-1 stock split on June 10. Many callers couldn’t even name the company or describe its business. They had simply heard the … Read more