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Market Insight: April 2023 – Dr. James Thorne, Ph.D., Chief Market Strategist
This year’s federal budget proposed a new tool intended to help support new home buyers. Expected to begin in 2023, the First Home Savings Account (FHSA) is a registered plan that combines the tax benefits of the RRSP and TFSA. The FHSA will allow Canadian...
Be Aware of Evolving Scams
PROTECTING YOUR PERSONAL FINANCES Be Aware of Evolving Scams Financial scams continue to be on the rise and the level of sophistication is growing.1 Phishing attacks, where deceptive messages fool victims into providing sensitive information, are increasingly using...
Investing in “Tax-Smart” Ways
INVESTING IN “TAX-SMART” WAYS Have You Maximized Tax-Advantaged Accounts? We aren’t doing a good job fully maximizing TFSA contributions — even the wealthiest Canadians appear to be overlooking the opportunity! The latest reports suggest that only nine percent of TFSA...
New Year’s Advice for the Younger Generation: It Starts With Saving!
At one time in the not-so-distant past, our society was tuned into saving. We wouldn’t think of buying something until we saved enough cash to pay for it, whether for a car or other consumer goods. Only for the rare, big-ticket item, such as a home, would we go into...
When Was the Last Time You Reviewed Your Will?
Over the years, the statistics haven’t changed much: the majority of people still do not have a Will and, for those who do, it may be outdated. When was the last time you read through your Will? Why not make your Will a priority in 2023. If you haven’t yet drafted a...
March Market Insights: Fire and Ice – The Fight Between Inflation and Deflation
“Some say the world will end in fire, some say ice. From what I’ve tasted of desire, I hold with those who favor fire. But if it had to perish twice, I think I know enough of hate to know that for destruction, ice is also great and would suffice.¹”What’s a More...
Deferring OAS Benefits: What’s the Break-Even Age?
Many high-net-worth investors do not require income from Old Age Security (OAS) benefits, thus having the option to defer the start of payments. While the decision of when to take OAS benefits depends on many factors, including your income requirements, health status,...
A Silver Lining to Inflation? Adjustments to the TFSA & CPP Make a Difference
If there is any good news that can come with high inflation rates, it may be the resulting cost-of-living adjustment. Each year, certain personal income tax and benefit amounts are indexed to inflation using consumer price index (CPI) data. With inflation reaching...
Rising Interest Rates: What to Expect in 2023
2022 will go down in the record books as an abnormal year for the financial markets. As inflation reached 40-year highs, it caught the central banks by surprise and led to a rapid tightening of monetary policy through interest rate increases. What has made this...
February Market Insights: Apocalypse Delayed – The U.S. Debt-Ceiling Debate
“It’s never paid to bet against America.” — Warren BuffettWhat if the US Government Defaults on its Debt? If the U.S. was to default on its debt obligations, it would cause investors to flee from U.S. Treasuries, leading to a decrease in confidence in U.S. government...
IN BRIEF: REASONS FOR DIVERSIFICATION
In many aspects, the economies of Canada and the U.S. share similarities as developed countries ranked among the top 10 economic powers globally. Over the past two years, we’ve both grappled to curb inflation, with central banks’ actions mirroring each other....
Common Retirement Planning Pitfalls
“Plan on Living Past Your Life Expectancy” — this is the headline of a recent article in the Wall Street Journal that suggests that many of us will live longer than we expect.1 As advisors, we do our best to prepare our clients for retirement and beyond, and one of...
The RRSP & RRIF: Be Aware of Taxable Withdrawals
The market volatility in 2022 put many asset values under pressure. Yet, markets are cyclical and we expect prices to eventually resume their climb in the same way as the cycle swings back to more optimism. As such, consider the implications of making taxable...
To Start a New Year: In Need of a Bit More Happiness?
A recent article in the Wall Street Journal suggests that we may all be in need of a bit more happiness.¹ It pointed to the “Misery Index,” which has climbed to double digits in recent times. This may not come as a surprise. We’ve been through a lot lately: a...
Three Reminders to Start Another Year
After a difficult year, and as we look to the year ahead, here are three reminders to help keep perspective. Volatility: Likely to persist Periods of greater volatility tend to coincide with market drawdowns and 2022 was no exception (chart).* In 2023, we expect...
For 2023: Look Forward, Not Back
Most people, investors or not, tend to base their current views on what is most recent in memory. In good times, we may expect them to continue for the foreseeable future; in bad times, we often underestimate our ability to move forward. We all tend to “drive by the...
The 2023 Market Forecast – The Pause that Refreshes
“All models are wrong. Some models are useful.” — George E. P. Box, statistician “Patience is a form of wisdom,” notes Jon Kabat-Zinn, creator of the Stress Reduction Clinic and the Center for Mindfulness in Medicine at the University of Massachusetts Medical School....
Estate Planning: Helping Preserve Family Harmony
We can often have very unique visions for our legacy. For some, it may be to support the next generation to gain skills or to carry on a family business; others may have more philanthropic goals, such as supporting a cause they believe in. However, in many cases, a...
Managing your Fixed Income in this Inflationary Environment
With bonds being as volatile as stocks, how can you manage your fixed income in this economic environment? Dave and Tyler sit with Sandy Liang, Head of Fixed Income and Lead Portfolio Manager at Purpose Investments, as he talks about the current state of the...
Is Now A Good Time to Consider an Annuity?
Given increasing longevity and as equity markets continue to go through a rough patch, some investors have asked whether there is value in revisiting the opportunity for an annuity as a component of a retirement income strategy. In general, the best time to purchase...
November Market Insights: Trump, Gridlock And What It Means For Investors In 2023
Steve Jobs once said, “You can’t connect the dots looking forward; you can only connect them looking backward. So, you have to trust that the dots will somehow connect in your future. You have to trust in something – your gut, life, destiny, karma, whatever. This...
Coping With Volatility
The summer did not see much respite from the volatility that has gripped the financial markets. The bearish commentators continue to evoke fears that the aggressive moves by the central banks in raising interest rates will inevitably push economies into recession. It...
Dr. James Thorne’s Global Market Insights | Center of Influence 2022 Event
What does the future of the global economy hold? With inflation at historical levels and rates keeping on rising, what can we do to abate this economic crisis? Dr. James Thorne, Chief Marketing Strategist at Wellington-Altus Private Wealth, joins us in this year's...
Six Reasons Why: A Business Owner/High Net-Worth Individual Should Look at Life Insurance – Part 2
How can business owners & high net worth individuals use insurance to manage their wealth and other problems? Dave and Tyler are joined again by special guest Neeraj Pardeshi of PPI in the second part of this two-part webinar to elaborate on the potential benefits...
Why Private Equity Can Be a Great Addition and Compliment to Your Portfolio
Dave and Tyler sit down with Daniel Cohen, Director of Private Equity at Fiera Comox Partners to discuss how investing in private equity can help your portfolio. Private equity is the largest alternative asset class, with over $6 trillion in assets under management as...
Market Perspectives: Don’t Fear the Bear
In the first half of 2022, the S&P 500 Index entered into a bear market prompting some investors to ask: will the Canadian markets follow? As a reminder, a bear market is often defined as a period in which stocks have declined by 20 percent from a previous peak...
A Rising Interest Rate Environment: Helping Younger Generations Navigate These Times
For the first time, the younger generation is living in a world of rising interest rates and high inflation. Over the past two decades, many of us have grown accustomed to low interest rates due to slower economic growth and low inflation. Now, to try and temper...
Is a “Soft Landing” Still Possible?
Despite many of us feeling as though we are in recession¹ — high inflation, rising interest rates and stock market declines certainly haven’t helped to support optimism — there continues to be considerable debate about whether a full-blown recession is imminent. There...
Canoe Financial Webinar: Energy Investment Strategies
Dave and Tyler are joined by Canoe Financial, sharing the importance of the Canadian Energy Market. With the growth in popularity and awareness of alternative and renewable energy sources, Canoe Financial covers the increasing opportunities for investment within the...
September Market Insights: Waiting for Godot and passing the peak sagitta of the inflation and rate expectation arcs in 2022
Waiting for Godot and passing the peak sagitta of the inflation and rate expectation arcs in 2022 Waiting For Godot is Samuel Beckett’s portrait of the human condition in limbo. The play is about two men, Vladimir and Estragon, who are waiting for another man called...
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Dow at One Million?
When the Dow Jones Industrial Average (Dow) crossed a new high of 40,000 in May, it achieved a milestone that appeared implausible given recent popular sentiment. Just two years earlier, central banks were still on the path of aggressively hiking rates to curb...
Increasing Capital Gains Inclusion Rate: Planning for the Cottage or Cabin
Welcome to the summer — and the return of cottage and cabin season! While many of us are eager for some rest and relaxation, cottage and cabin owners may face new concerns due to increases to the capital gains inclusion rate. Looking ahead to when the property is...
INCREASES TO THE CAPITAL GAINS INCLUSION RATE
To Defer or Not to Defer: Realizing Capital Gains The proposed* increases to the capital gains inclusion rate have prompted some investors to ask the tax-planning question: To defer, or not to defer? Tax deferral is commonly viewed as a way for investors to create...
The Power of Economic Sentiment
“Have we all just become economic snowflakes?”1 This question emerged from a recent study analyzing the text of 200 million newspapers spanning almost two centuries. It concluded that both economic and non-economic sentiment have substantially declined over the past...
FACTORS IMPACTING THE CPP TIMING DECISION: More Perspectives on When To Start CPP Benefits
When it comes to the decision of when to start Canada Pension Plan (CPP) benefits, actuarial studies show that many are better off delaying benefits since the break-even age* commonly falls below our average life expectancy. Living beyond the break-even age means that...
Your Digital Footprint: Don’t Overlook Its Value
In estate planning, many of us tend to focus on assets with tangible value, such as investments and real estate. Yet, frequently disregarded are many digital assets due to their perceived lack of monetary value. However, a Wall Street Journal article reminds us that...
Unlocking High Net-Worth Financial Solutions with National Bank’s Private Banking 1859
https://youtu.be/sTnE3gmF2E4 Discover the exclusive world of National Bank's Private Banking 1859. In this episode of Small Convos, we dive into the services and benefits of private banking, tailored for high net-worth individuals. Learn from Senior Private Banker...
BE AWARE OF NEW REPORTING RULES: Are You Associated With a “Bare Trust” Arrangement?
Are you a legal owner of an asset where someone else is a beneficial owner and has a beneficial interest and oversight of the asset? I f so, you may be holding a “bare trust” and have a filing requirement where you previously did not. Here are some examples where a...
Thinking Beyond Retirement: A Higher Purpose
It has been said that “if you are what you do, when you don’t … you aren’t.” As you think ahead, have you contemplated a plan for what you will do in retirement? Many of us plan by working hard, saving consistently and investing for the future to ensure a financially...
Have U.S. Equities Become Overvalued?
With the rapid rise in the “Magnificent 7” stocks to start the year, there has been renewed discussion over whether U.S. stocks are becoming overvalued. What has been driving these returns? Stock prices are driven by a variety of factors. In a perfectly efficient...
TAX SEASON IS HERE AGAIN: A Reminder of How Interest Income Is Taxed
With rising rates, there has been increasing interest in guaranteed investment certificates (GICs). Now that tax season has arrived, here is a reminder of their tax treatment, as well as the taxation of bonds. The taxation of GICs — GICs are often “locked in” and...
Spring Cleaning Finances: Five Questions To Ask
Now that spring has sprung and many of us are in spring cleaning mode, perhaps you are looking for a bit of motivation when it comes to your finances. Here are five wealth planning questions that may be answered by simple “rules of thumb.” These may spark meaningful...
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