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Trade Tensions Rattle Wall Street’s Momentum

After an impressive streak of gains that pushed major U.S. indices to record highs, the stock market faced a sharp reversal as renewed trade tensions triggered investor anxiety. The Dow Jones Industrial Average, S&P 500, and Nasdaq all pulled back in Friday’s session, with financials and industrials leading the retreat. Concerns were reignited after new tariffs targeting tech and manufacturing imports between the U.S. and China surfaced, prompting fears of escalating economic friction. These measures, aimed at protecting domestic industries, were met with criticism from global partners and stoked uncertainty about the broader trade landscape. Analysts note that while earnings remain strong and economic indicators are still resilient, the shadow of protectionism looms large. Investor sentiment, which had been buoyed by dovish monetary policy and solid corporate results, now finds itself caught in geopolitical crosswinds. Many traders are now recalibrating their expectations heading ...
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Maximizing Your Tax Savings: 15 Essential Canadian Tax Credits You Should Know

When it comes to tax time, every dollar saved counts. Canadian taxpayers have a multitude of tax credits available that can significantly reduce their tax liability. Here are 15 essential Canadian tax credits that you don't want to miss out on:

1. Basic Personal Amount: Every Canadian taxpayer is entitled to claim a basic personal amount, which provides a non-refundable tax credit against federal taxes.

2. Canada Child Benefit (CCB): This credit offers financial assistance to families with children under 18 years old, based on household income.

3. Disability Tax Credit (DTC): Designed to help individuals with disabilities, the DTC reduces the amount of income tax they may have to pay.

4. Medical Expense Tax Credit: Allows individuals to claim eligible medical expenses not covered by insurance or other benefits.

5. Tuition Tax Credit: Students can claim this credit for eligible tuition fees paid for post-secondary education.

6. Canada Employment Credit: Aimed at employees, this credit provides relief for work-related expenses.

7. Home Buyers’ Tax Credit: First-time homebuyers can claim this credit to help offset the costs associated with purchasing a home.

8. Home Accessibility Tax Credit: Homeowners can claim expenses related to making their homes more accessible for individuals with disabilities.

9. Charitable Donations Tax Credit: Donations made to registered charities can provide a generous tax credit.

10. Child Care Expense Deduction: Parents can claim eligible child care expenses, reducing their taxable income.

11. Working Income Tax Benefit (WITB): A refundable tax credit that provides relief for low-income workers and families.

12. Pension Income Credit: Provides a tax break on eligible pension income for retirees.

13. Public Transit Tax Credit: Helps offset the cost of public transit passes.

14. Volunteer Firefighters’ Amount: Volunteer firefighters may be eligible for a tax credit for their service.

15. Family Caregiver Amount: Provides a credit for individuals who care for dependents with impairments.

By taking advantage of these tax credits, Canadians can maximize their tax savings and keep more money in their pockets. It’s essential to review your eligibility for these credits and consult with a tax professional to ensure you’re making the most of the available benefits.


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I hope you find this article helpful! If you need any more details or have other questions, feel free to ask.

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