“The hardest thing in the world to understand is income taxes.”
- Albert Einstein
Mattersdorf told the following anecdote about Einstein: One year while I was at his Princeton home preparing his return, Mrs. Einstein, who was then still living, asked me to stay for lunch. During the course of the meal, the professor turned to me and with his inimitable chuckle said: “The hardest thing in the world to understand is income taxes.” I replied: “There is one thing more difficult, and that is your theory of relativity.” “Oh, no,” he replied, ”that is easy.” To which Mrs. Einstein commented, “Yes, for you.”
2024 Tax Preparation Reminders
Tax season is just around the corner. Whether you are an individual taxpayer or a business owner, preparing for your 2024 tax filing can save you both time and money. It can sometimes feel overwhelming but with proper planning, valuable deductions, credits and benefits that you maybe be entitled to can be uncovered. Early preparation also allows you to address potential issues, avoid penalties and ensure your filing is accurate. By getting organized, this will help ensure that you are not leaving money on the table.
For some tips: 2024 Tax Preparation Reminders
Important Dates:
2024 RRSP Contribution Deadline – March 3, 2025
Personal Income tax Filing Deadline – April 30, 2025
Prediction Season
As a new year begins, many investors and analysts turn their attention to market forecasts, hoping to predict the performance of key indices like the S&P 500. However, as highlighted in this article, the accuracy of these predictions often fall short of reality. Using data from past forecasts and actual market outcomes, the article reveals how unpredictable markets truly are and why relying on predictions can lead to suboptimal decisions. Instead, it advocates for a long term, evidence-based approach to investing that prioritizes diversification and discipline over speculation.
Read the full article: Prediction Season
Show your Heart some Love: Simple Steps for Better Heart Health
Valentines Day often brings thoughts of chocolates and romantic gestures, but it is also an opportunity to focus on your heart in a different way: your heart health. Incorporating small, manageable changes into your daily routine can significantly improve cardiovascular well-being. Harvard Health’s article highlights simple steps to care for your heart. These small changes can make a big difference. This Valentine’s Day, show love to yourself by embracing these heart healthy habits.
10 Small Steps for Better Heart Health
That said, don’t let this serve as an excuse to overlook your loved ones. After all, neglecting loved ones might lead to a different kind of heartache, and that’s not exactly doctor-approved either. Let this month be a reminder to express gratitude and love with those around you, in both big and small ways, every day.