As we've done for a number of years in a row now, we took some time out of the office while the girls were on their Winter Break. We had a nice time together and got some visits in with some friends and family. We hope you all had a wonderful holiday season! We now go into our busiest time of the year and won't get another break in until the end of March. We're going straight into RRSP Season which is always a busy couple of months for us. We'll also be busy with TFSA and RESP Contributions as there will be more room for those now that we are in the New Year.
Our last newsletter talked about how the Canadian Economy had slowed down in the second quarter of the year. The good news from that was the possibility that the Bank of Canada would stop raising Interest Rates. Unfortunately, we have seen more of a mixed picture since then. After falling to a two year low of 2.8% this June, Inflation has come back up. Canada’s Annual Inflation Rate went up to 4% in August. It was 3.3% the month before that1. One of the major factors that is keeping the Cost of Living higher is Oil Prices.