Skip to main content

Featured

Three Smart Levers to Cut Your 2025 Tax Bill

Taxes are inevitable, but overpaying them isn’t. With new rules and opportunities in 2025, smart planning can help you keep more of your hard-earned money. Here are three effective levers to reduce your tax liability this year: 1. Maximize Retirement Contributions Contributing to retirement accounts such as RRSPs (Canada) or 401(k)/IRAs (U.S.) remains one of the most effective ways to lower taxable income. Contributions qualify for tax relief at your highest marginal rate, meaning every dollar you save reduces your tax bill significantly. Employer-matching programs make this even more attractive, and withdrawals in retirement can be structured for lower tax exposure. 2. Leverage Tax Credits and Deductions Common deductions include childcare expenses, education costs, and home office claims. Tax credits, unlike deductions, directly reduce the amount you owe, making them especially valuable. Temporary tax breaks introduced in 2025 can be maximized before they expire. 3. Use...
Post a Comment
Read more

article

Labels

Global Markets Surge on Fed Rate Cut Signals



Markets around the world have rallied in response to indications from the Federal Reserve that interest rate cuts may be on the horizon for next year. This optimistic outlook has been fueled by a series of positive sessions, with stocks in Asia joining the upward trend.

Key Highlights:

  • Stock Rally: A global stock index has risen for six consecutive sessions, with notable gains in Australian and South Korean markets. The S&P 500 reached its highest point in nearly two years, and Apple Inc’s shares hit a new high.
  • Fed’s Dovish Stance: The Federal Reserve maintained current rates but hinted at a potential 75 basis point reduction in 2024, as suggested by its "dot plot."
  • Bond Market Gains: Following the Fed’s announcement, the bond market saw a significant uptick, with 10-year Treasury yields dropping below 4% for the first time since August.
  • Inflation Easing: Reports indicate a slowdown in producer-price increases and a decrease in the annual inflation rate, aligning with the Fed’s target.

Investors are now anticipating a “risk-on” rally, expecting strong performance across all markets as the Fed’s dovish stance suggests a more aggressive easing cycle than previously projected.

Labels:

Comments

Post a Comment