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

Stock Market Rebounds After 3-Day Rout: Tech Stocks Lead the Way

US stocks are poised for a rebound after a three-day rout that wiped out a significant portion of this year’s gains. Here are the key highlights:

  • Futures Surge: Futures tied to the S&P 500 (ES=F) are up 0.9%, while Nasdaq futures (NQ=F) rose 1%. Dow Jones Industrial Average futures (YM=F) also climbed 0.8%.

  • Monday’s Plunge: Stocks suffered heavy losses on Monday due to fresh concerns about the US economy and labor market. The S&P 500 had its worst day since 2022, capping its worst start to any month since 2002.

  • Early Signs of Recovery: Despite the recent volatility, early signs point to a recovery. Major tech stocks, including Nvidia (NVDA), Tesla (TSLA), Microsoft (MSFT), and Meta (META), are showing gains today.

  • Cryptocurrencies Bounce Back: Bitcoin (BTC-USD) is up 7%, crossing the $55,000 level again.

  • Fed Pressure: The Federal Reserve remains a key factor. Traders expect a 50-basis-point rate cut at the next meeting.

The coming days will provide crucial signals for the market’s direction. 

Labels:

Comments

Post a Comment