Bill Richardson & Associates
King Street L4R 3N4 Midland, ON, Canada

I am back answering your questions. This week the focus is on investing as you enter retirement. Should the composition of your portfolio change or should you change your investment strategy entirely? Find out in 3 Questions: https://harbourfrontwealthrichardson.com//three-questions-

"Canadian pension plan sponsors saw a nice bounce back in market returns in the second quarter of 2020." Public markets are rebounding, here are the numbers you need to know: https://www.investmentexecutive.com//canadian-plan-sponso/

The Federal Government is looking to airlines to help provide more detailed passenger information to aid contact tracing efforts: https://ca.news.yahoo.com/feds-look-finalize-deal-airlines-

The Federal Government has reached deals to supply millions of Canadians with a COVID-vaccine when it arrives. Though there is reason to be optimistic, here's why there are still many questions left unanswered: https://www.bnnbloomberg.ca/feds-line-up-covid-vaccine-supp

There will be a tax bill for your CERB payments. Here are some tips on calculating how much money you should put aside in preparation for tax season: https://www.bnnbloomberg.ca/set-money-aside-now-how-cerb-re

"There are early signs that the reopening of businesses and pent-up demand are leading to an initial bounce-back in employment and output." Here's why The Bank of Canada is keeping the interest rate at 0.25 percent: https://financialpost.com//8422cad6-0248-4217-bf2a-74bccd/

Small businesses account for 70% of private-sector jobs in Canada. Companies such as Netflix Inc. and Amazon.com Inc. show record growth and profits, while Small Businesses rely on government wage and rent subsidies. Here's an insightful article on what the future could hold for local business across Canada: https://financialpost.com//27f8d3bc-b319-418f-a84a-4e4c9c/

As market conditions improve, the Bank of Canada is making changes, including "scaling back some of its efforts at shoring up short-term liquidity introduced in response to the market turmoil caused by Covid-19." Here is what you can expect from the BoC moving forward: https://www.investmentexecutive.com//as-markets-chill-boc/

The federal government’s wage subsidy program is changing, here is everything you need to know: https://www.investmentexecutive.com//breaking-down-change/

Some positive news about our rebounding economy. Canadian wholesale trade rose by 5.7 percent in May. This is the biggest jump in almost 17 years. Wholesale trade is an important indicator of the health of the Canadian economy. Read more: https://financialpost.com//b5523155-d67f-4d8f-837e-b68f4e/

With COVID cases dramatically rising in some American states, I have had many questions about its impact on our economy and Canadian stocks in particular. I tackle those questions this week, as well as what the pandemic means for Real Estate. If you have questions for me, feel free to email or DM me. Read more: https://harbourfrontwealthrichardson.com//three-questions-

Are commodities like energy undervalued? Warren Buffet thinks so. After a quiet four years, here is what Buffet just invested in: https://financialpost.com//warren-buffett-ends-his-deal-dr

For a lot of my clients, their home has become their office. This has led to many people asking me: "When the 2020 tax season arrives, can I deduct home-office expenses?" This detailed breakdown about the tax-deductibility of home-office expenses will definitely answer that question: https://business.financialpost.com//can-you-deduct-home-of

Here is the third instalment of Five Questions. I tackled questions about tracking the TSX 60, the influence of demographic data on stock recommendations, Low Volatility ETFs, and more. As always, if you have a question, send it to me. It might find its way into the next 5 Questions. Read the Q&As: https://harbourfrontwealthrichardson.com//five-questions-f

Hello everyone. Hope you are keeping well. Below is my second instalment of Five Questions for Bill Richardsonquestions that I have received over the past couple weeks from clients and advisors alike. Feel free to pass it on and give us a shout if you have any questions. https://harbourfrontwealthrichardson.com//five-questions-f

We are now three months into this pandemic. Financial assistance from the Federal Government has evolved throughout this crisis, making it challenging to keep up with all the programs. Here are the latest supports, including rent relief, business loans, and the tax deadline deferral. Learn more: https://www.investmentexecutive.com//government-help-duri/

They say that necessity is the mother of all invention. So, could the demands and limitations of COVID-19 on Canadian businesses inspire new innovations and innovators? Read some of the inspiring entrepreneurial stories here: http://ow.ly/2xWJ50AaQFJ

Tiff Macklem is the new Bank of Canada governor. What does that mean for you? Well, his power over the Bank's interest rate has a significant impact on your "ability to carry a loan, keep your job, and get value for your money." Read more about who Tiff Macklem is and what his appointment means for your financial future: http://ow.ly/vJW150AaQEd

I get questions from clients and investment advisors about the two portfolios I manage: Willoughby Investment Pool & Northgate Equity Strategy. I decided to share some of those questions and my answers in a new bi-monthly feature we are calling Five Questions For Bill Richardson. Here's the first installment: http://ow.ly/31Pb50A2hhh

"We may not be able to predict the future, but that doesn't mean we're powerless to deal with it." The future is not a path that we follow, but one we create. In these uncertain times, here is some hope: http://ow.ly/bpUb50A2hWg

A very common question in my office (or on a virtual call) is: How much should I be contributing to my RRSP? The answer depends on your life stage and what your retirement goals and needs are. This article, from a few months back, perfectly outlines how much you should contribute to your RRSP for each stage. of your career. Read more: http://ow.ly/gYuY50A2i1v

Estimates say that the federal government will run a $252-billion deficit this year - the biggest in our history. Of course, the vast majority of it is going toward the CERB and supporting the economy. Martin Pelletier, a Portfolio Manager and writer for the Financial Post, believes that "we need to stop trying to reinvigorate old industries and instead start building bridges to the future." Read more about how COVID-19 is changing how we work, consume entertainment, and the impact on our lives moving forward: http://ow.ly/cNiM50zQClz