It was a volatile start to 2023, driven by worries that the central banks would continue raising rates and new challenges in the U.S. financial sector. Have the patience to see this period through; inflation will eventually be brought under control and markets will adjust. This time of year, income taxes are naturally on our minds. There are actions we can take to help minimize these liabilities, which may be important in these times of high inflation; some as simple as maximizing tax advantaged accounts like TFSAs or RRSPs. Call for support. We hope that spring brings renewal, growth and expansion.
The year that has passed was a reminder that building wealth doesn’t always follow a steady course. Though challenges persist, we are hopeful that 2023 will prove to be a better year. Continue looking forward and don’t overlook the importance of planning for the future. It’s time, not timing, that produces wealth. RRSP season is around the corner and the TFSA dollar limit has increased. With the turning of the year, we express our sincere gratitude for your trust in our services. Thank you. May the year ahead be filled with hope, health and happiness.
Before we know it, the end of 2022 will be upon us. Many of us will need to make investment decisions before then, such as RESP contributions, tax-loss selling or converting a maturing RRSP. As you consider your own situation, please get in touch if we can be of assistance. Keep confidence that the markets will work through this difficult cycle, remembering that upturns can begin during the most ambiguous times. We wish you the best for the cooler days ahead.
While it may be difficult to look beyond today, this period of market volatility and economic uncertainty will eventually pass. Market pullbacks are discomforting, yet they remain a normal part of investing. While the media has been busy magnifying the uncertainties, suggesting that this time is different, we remain confident that better times will eventually prevail. As advisors, we have managed through periods such as these before. Part of our role is to help investors navigate these challenging times. If we can help, please call. We hope you’ll find time to enjoy the long days ahead.
Escalating geopolitical events in Europe have added to the equity market jitters. During volatile times, try not to be discouraged. While uncertainties may be with us in the short term, history has shown that longer-term investors have benefitted from time in the markets. Spring is often referred to as the season of new beginnings. This may be particularly welcome as we continue to look forward and focus on the return to normal. Stay well.
Following two difficult years, the need for giving continues to grow, in Canada and across the world. For those who would like to make philanthropy a part of their legacy, here are seven key considerations (and surprising tax benefits) you should be aware of.
Leaving a lasting legacy for your family can involve careful planning and a team of professionals. Here are five questions that can help get you started.
Q: My dad is in his 70s and has mentioned moving in with his new girlfriend. Should we be concerned about protecting his assets if the relationship gains common-law status?
Stepfamilies are common, but planning for who gets what after you die is anything but routine. When families come together, each with their own possessions, ensuring your assets go where you want is key.
The Private Giving Foundation was the first-of-its-kind fund in Canada. Jo-Anne Ryan, Executive Director and architect of the foundation speaks to us about the value of flexible giving and how you can make an impact with your good fortune.
For couples who meet later in life, retirement planning may seem a little daunting. But it doesn’t have to be. If you get started now, and ask the right questions along the way, it can even be exciting. Here are a few questions that should be top of mind.