Making sense of the markets this week: April 17 + MORE Apr 14th

LUNA may be a unique investment opportunity because it provides exposure to the stablecoin adoption story and to decentralized apps (dApps) within the Terra ecosystem. But before you jump in and buy yourself some LUNA, here’s a breakdown of what it is and how to earn rewards by staking it. We’ll also tell you where and how to buy LUNA in Canadian dollars.

What is LUNA?

LUNA is the native token of the Terra blockchain, which is a decentralized and open-source protocol well known for its stablecoins, including UST—its own U.S. dollar stablecoin.

Terra, founded in 2018 by Daniel Shin and Do Kwon, is among the largest blockchains by revenue, and it caters to users around the world, with stablecoins pegged to the U.S. dollar, South Korean won, the euro and the British pound, among others…

If a TFSA and an RRSP had a child: The new FHSA

As part of the 2022 budget, the government unveiled its new tax-free first home savings account (FFHSA, but I prefer FHSA as it’s less of a mouthful). And it will be a great way for first-time homebuyers to save up part of their down payment. In a nutshell, here’s what to know about the FHSA:

It allows Canadians to save and invest $8,000 per year, up to a lifetime maximum of $40,000.If you miss contributing in a year, you can’t “make up for it” by carrying forward contribution room in the years to come like you could with a tax-free savings account (TFSA) or a registered retirement savings plan (RRSP).It blends the tax refund benefits that we love with the RRSP, along with the no-strings-attached non-taxation of withdrawals that the TFSA is famous for.Investment income from interest, dividends or capital gains are yours to keep tax-free…