H&M Financial Blog

U.S. Congressman introduces residency-based tax bill

A Republican congressman has introduced a bill to move the U.S. from a citizenship-based taxation system to a residency based one – and it’s receiving support from both Democrats and Republicans. To read the complete article¬†click here

Update on Recent Market Volatility

Please click below for a message from Robin Muir, Managing Partner, in regards to the market volatility. Market Volatility

Bank of Canada reveals latest interest rate decision

The Bank of Canada walked back some of its enthusiasm about the nation’s outlook in a decision that kept interest rates unchanged, saying the economy may have more capacity than previously thought to grow without fueling inflation. The Ottawa-based central bank kept its overnight benchmark rate at 1.75 percent, reiterating it expects to eventually remove… Read more »

Questrade Wealth Management to pay $2.9 million to OSC

Questrade Wealth Management Inc. of Toronto has agreed to make a voluntary payment of $2.9 million to settle allegations that it failed to identify and respond to conflict of interest when it sold eight of it’s ETFs to Toronto-based Wisdom Tree Asset Management Inc. in July 2017, the Ontario Securities Commission (OSC) announced Tuesday. To… Read more »

TFSA annual contribution limit rises to $6,000

The Canadian government has indicated that the annual contribution limit for TFSAs will be raised to $6,000 for 2019, up from $5,500 this year. To read the complete newsletter click here