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Tech Giants Lift Markets as Investors Brace for Fed Decision

Both the S&P 500 and the Nasdaq hit their highest levels in more than a week on Monday. Wall Street finished the day on a strong note, with major U.S. indexes advancing as investors positioned themselves for a pivotal week of corporate earnings and a closely watched Federal Reserve meeting. Market Momentum The S&P 500 and Nasdaq extended their recent winning streak, marking their longest run of gains in weeks. Confidence was fueled largely by heavyweight technology stocks, which continued to attract buyers ahead of their upcoming earnings reports. What’s Driving the Optimism Companies such as Apple, Microsoft, Alphabet, Broadcom, and Meta helped propel the market higher. Their performance has been central to the broader rally, especially as enthusiasm around artificial intelligence remains a dominant theme in tech valuations. Eyes on Earnings and the Fed Investors are now turning their attention to earnings guidance from these major firms, which could determine whether t...
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Avoid These Common Tax Mistakes on Your Canadian Tax Return

 

As tax season approaches, it’s essential to be aware of common mistakes that can impact your Canadian tax return. Even the most diligent taxpayers may inadvertently slip up. Here are some key errors to avoid:

  1. Double-Reporting Income: Ensure you don’t accidentally report the same income twice. Whether it’s employment income, investment gains, or other sources, cross-check your records to prevent duplication.

  2. Unclaimed Income: Don’t forget to include all your income, including side gigs, freelance work, or tips. Unreported income can lead to penalties.

  3. Late Filing: Missing the tax filing deadline can be costly. For most individuals, the deadline is April 30. If it falls on a Sunday, ensure your postmark is on or before May 1. Self-employed individuals have until June 30 to file their returns.

  4. Omitting Information: Be thorough when filling out your return. Missing details can result in errors or missed deductions.

  5. Not Maximizing Deductions: Take advantage of all eligible deductions and credits. Research what you qualify for and ensure you claim them.

Remember, even small mistakes can have significant consequences. Seek professional advice if you’re unsure, and double-check your return before submitting it. 

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