On the eighth day of Christmas, Andrea Tyrrell, our Senior Associate Investment Advisor, nominated KidSport Alberta.
Why? “KidSport Alberta provides grants to help cover registration costs so kids aged 18 and under can play a season of sport,” said Andrea. “An article I read this fall struck a chord with me as it noted that KidSport had seen a significant increase in demand for its services, largely driven by inflationary pressures.”
“I have witnessed the positive impact that youth sports have had on my own children and to those around them in the sports communities that we have been affiliated with. I’m hopeful that by supporting an organization such as KidSport, we can help ease the pressure on families that may have to choose between living expenses and participating in activities that can contribute to the physical, emotional, and social well-being of our youth.”
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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