On the ninth day of Christmas, Sandra Muzia, our Senior Investment Associate, nominated the Calgary Food Bank.
Why? “The Calgary Food Bank has a far reaching and positive impact in our community,” said Sandra. “The realization that there are individuals and families in my own city, and perhaps even my neighbours who struggle to put nutritious meals on their tables resonates with me.”
“The Calgary Food Bank plays a crucial role in alleviating hunger and provides meaningful support for those in need. It is community-owned and community-supported. Volunteers work diligently and tirelessly to ensure that every person that needs access to food will get the help they need not only during the holiday season when the demand is so high, but throughout the entire year. The Calgary Food bank also promotes a strong sense of belonging and compassion as they strive towards a hunger-free community.”
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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