If there's one good thing about tariffs, it gets economists and ALL people talking.
Can tariffs prevent offshoring? Can they foster critical industries and bolster national security? Do they create jobs? Destroy jobs? Both? The debates will never end.
We all need to review the fact that active managers, who are experienced Professionals with a deep understanding of the market, are running the portfolios and will be actively reviewing the positions and long-term opportunities within those accounts. Remember, these are actively managed accounts and not ETF or Passive accounts which directly reflect the markets. We are very wise to be patient and allow the fund managers to respond to market opportunities.
Let's not forget how the market responded during COVID-19. Fear of the unknown always cause market volatility. However, this also becomes a time when actively managed investments—Mutual Funds and Segregated Funds—can take advantage of sell-offs and deep discounts. We should maintain our plans, stay with the sound investments in our portfolios, and trust the resilience of the market.
ALSO, on January 21, 2025, the Honourable Dominic LeBlanc, Minister of Finance and Intergovernmental Affairs, announced that the federal government is deferring—from June 25, 2024, to January 1, 2026—the date on which the capital gains inclusion rate would increase from one-half to two-thirds on capital gains realized annually above $250,000 by individuals and on all capital gains realized by corporations and most types of trusts. The capital gains inclusion rate represents the portion of taxable capital gains.
If you have any questions or want to review your accounts, please don't hesitate to call us. We are here to help and would be happy to schedule a meeting to discuss your financial management.
Have you ever thought, "I'll start saving next month" or "I'll get serious about my financial strategy next year"? If so, you're not alone.
Procrastination is something we've all been guilty of at some point. However, when it comes to your finances, the costs of waiting can be much higher than you think. Let's explore three ways financial procrastination can quietly derail your dreams: buying a home, traveling the world, and enjoying a comfortable retirement.