John Iaconetti

At this time of year Canadians have been celebrating, hosting, and entertaining for the holiday season. They are also moved to great acts of generosity. Charitable giving is deeply ingrained in Canadian culture, and the end of the year often sees a surge in donations as individuals look for ways to impact their communities positively. One …

‘Tis the Season of Giving: Charitable Contributions and Donor-Advised Funds in Canada Read More »

As Canadians, we often pride ourselves on our robust healthcare system. Still, as we age, it becomes increasingly crucial to consider additional layers of protection for our well-being and financial security. For those aged 50 and above, three types of insurance—critical illness, life, and health insurance—emerge as indispensable safeguards against life’s uncertainties. The reality is …

Three Important Types of Insurance for Canadians 50 and Up Read More »

Inflation is a persistent rise in the general price level of goods and services, reducing the purchasing power of a nation’s currency. Like people worldwide, Canadians are affected by inflation, which can challenge their financial stability. Recently, the world has seen an uptick in inflation, and Canadians are looking for ways to manage their finances …

Coping with High Inflation: Financial Strategies for Canadians Read More »

As a parent, a quality education is one of the greatest gifts you can give your child. However, the rising costs of tuition and expenses can make higher education seem financially daunting. That’s where the Registered Education Savings Plan (RESP) comes in. In Canada, the RESP is a government-sponsored investment vehicle designed to help parents …

Investing in Your Child’s Future: The Benefits of RESP for Canadians Read More »

As a young Canadian embarking on your journey into the workforce, it’s crucial to lay the foundation for your financial future. One of the most effective ways to secure financial well-being is understanding and leveraging the power of compounding interest. Starting early and investing consistently can unlock substantial benefits and pave the way to long-term …

Harnessing the Power of Compounding Interest: A Path to Wealth for Young Canadians Read More »

The Federal Budget in 2022 proposed to create the Tax-Free First Home Savings Account (FHSA), a newly registered account to help individuals save for their first home. The account became available to Canadians on April 1st, 2023 and will be soon available at Assante in June 2023. Contributions to an FHSA would be tax deductible, and …

The First Home Savings Account Read More »

Who is Silicon Valley Bank? Silicon Valley Bank largely banked start-ups and venture companies and was never a big lender. The start-up would get its seed capital and put it into Silicon Valley Bank. Silicon Valley Bank would take the deposits and largely invest in securities like Treasuries to capture a yield. If held, these …

Silicon Valley Bank Explained Read More »

In January 2023, Canada and the US announced the unemployment data. The US added over 500,000 jobs in January, and the unemployment rate pushed to its lowest rate since 1969. The stock market in the US fell that day. Most people would believe that with better job data, the stock market would continue its rally …

When Good News Is Bad News Read More »

The Federal Budget in 2022 proposed to create the Tax-Free First Home Savings Account (FHSA), a newly registered account to help individuals save for their first home. As of January 2023, legislation has passed for this new investment account. However, the account will be available to Canadians on April 1st, 2023. Contributions to an FHSA would …

New Account Coming To Canada In 2023: The First Home Savings Account Read More »

A lot has gone on in our market since January 1st, 2022. We have had a war between Russia and Ukraine and experienced the highest inflation in Canada since 1983; we have experienced a very aggressive interest rate hike with the highest rates since the Financial Crisis in 2008, all while our society gets back …

A Volatile Year As Expected Read More »