On the fifth day of Christmas, Gaggan Khangura, our Senior Investment Associate, nominated the Alzheimer Society of Calgary.
Why? “I chose to support Alzheimer Calgary as a way of honouring my grandmas, who lived with dementia during the last few years of their lives,” said Gaggan. “While it was undoubtedly difficult to witness their memory loss and the moments when they could not recognize loved ones, it has inspired me to support organizations like Alzheimer Calgary.”
“I believe in the power of their work to provide hope, assistance, and resources to families facing Alzheimer’s and related dementias. I’m proud to say that I actively participate in the Alzheimer Walk and Run every year, raising both awareness and funds for this cause – this year I was able to raise $4,525. By contributing, it’s helping to make a positive impact, ensuring that individuals and families affected by this condition receive the support they need and that, one day, a cure will be found. It’s a way to turn a personal experience into a source of hope and change for the future.”
Please follow along on our LinkedIn page and our website as we highlight a new charity every business day until December 22nd.
From the entire team at the Baun & Pate Investment Group, we wish you and your family a very Happy Holiday Season and Prosperous New Year.
The Minister of Finance and Intergovernmental Affairs, Dominic LeBlanc, announced that the federal government will postpone the implementation of the proposed increase to the capital gains inclusion rate—from one-half to two-thirds. Originally set to take effect on June 25, 2024, the new proposed implementation date is now January 1, 2026.
We do not know if the 25% tariffs will be implemented tomorrow or there will be an 11th hour deal to delay them. Mexico has come out and said that a deal is in place to delay the tariffs for a month but so far nothing has been confirmed in Canada and there will be another call at 3 p.m. between President Donald Trump and Prime Minister Justin Trudeau to discuss further.
2024 will go down in the books as a great year financially for most risk assets. U.S. markets led the way but decent returns in Canada and in fixed income added to total returns. As we look forward to the year ahead there are many opportunities but there are potential pitfalls that could derail our outlook.
At Baun & Pate Investment Group, our goal is to help you navigate this process with ease and confidence. This provides reminders on contribution deadlines, contribution limits, as well as other key information to help you stay organized and informed.
On January 6, 2025, Prime Minister Justin Trudeau resigned, effective upon selection of a new leader of the Liberal Party of Canada, and requested that Parliament be prorogued. The Governor General consented to the request, terminating all parliamentary activities until March 24.
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