April 2023

How to lose reserve currency status 

History is full of economic and societal collapses. The Incan and Roman societies disappeared, the Ottoman Empire fell apart, the United Kingdom saw the pound lose its reserve currency status. So, anyone who says the US, and the dollar, couldn’t face the same fate doesn’t pay attention to history.

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Tax-Free First Home Savings Accounts — coming soon! 

When it comes to saving to purchase a first home, Canadians now have another option available to them: the Tax-Free First Home Savings Account (FHSA). First introduced by the federal government in its 2022 budget, the FHSA is a new registered account allowing prospective first-time home buyers to save up to $40,000 on a tax-free basis.

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Which countries hold the most U.S debt?

Today, America owes foreign investors of its national debt $7.3 trillion. These are in the form of Treasury securities, some of the most liquid assets worldwide. Central banks use them for foreign exchange reserves and private investors flock to them during flights to safety thanks to their perceived low default risk.

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Guide to charitable giving

Supporting your favorite charity speaks volumes about you and the values that are important to your family. Whether planning a one-time gift or a family legacy, developing a long-term charitable giving strategy can be an integral part of your financial plan.

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