The holiday season is a time for giving, and at the Baun & Pate Investment Group (BPIG), we’re excited to bring back our 12 Days of Giving for 2024.
In place of sending Christmas cards, we are continuing a tradition that aligns with our core values as active members of the Calgary community. Over the course of 12 days, we will highlight a charity selected by a member of our team—one that holds personal significance to them and truly embodies the spirit of Calgary and the essence of giving back. Thanks to the generosity of Michael Pate and Craig Baun, each of these organizations will receive a $1,000 donation to support the meaningful work they do in our community.
On the ninth day of giving, Sandra Muzia and Anna Frank, our Senior Investment Associates, nominated Brown Bagging for Calgary’s Kids.
Why? “We believe in the power of community, and we’re committed to making a positive impact in the lives of children and families in Calgary. That’s why we’ve chosen to support Brown Bagging for Calgary’s Kids (BB4CK) as our charity of choice,” said Anna and Sandra. “Through their mission to provide nutritious, free meals to children in need, BB4CK is addressing one of the most fundamental needs for youth—access to healthy food—ensuring that kids are ready to learn, grow, and thrive.”
“At BB4CK, the goal is simple: to provide nutritious meals to children who would otherwise go without. Food insecurity is a reality for too many children in our community, and without access to healthy, balanced meals, children face greater challenges in school and life. By supporting BB4CK, we are helping to ensure that kids have the nutrition they need to be able to focus and concentrate on learning instead of how hungry they are. BB4CK’s meal programs help level the playing field by ensuring that children from all backgrounds have the energy and nourishment they need to succeed in school and are committed to remove barriers to food in a dignified way for any child who arrives to school without enough food in their lunch.”
“Food insecurity disproportionately affects vulnerable populations, and no child should be left behind because of their socio-economic background. Having children of our own we believe that all children, regardless of their circumstances, have access to the basic right of nutritious food.”
“The work that BB4CK does has a ripple effect. By addressing hunger and malnutrition, they are not only helping children in the short term but also setting them up for long-term success in education, health, and overall well-being. Together we can make a difference for the kids in our community!”
Please follow along on our LinkedIn page and our website as we highlight a new charity every business day until December 24th.
From the entire team at the Baun & Pate Investment Group, we wish you and your family a very happy holiday season and a prosperous New Year.
As we approach the heart of tax season, we wanted to share some information to help simplify the process and draw your attention to some important changes for the 2024 tax year. Please note that these are a summary of some of the changes that may or may not apply to your situation. We would welcome the opportunity to complete a Wealth Plan with your family so that we can provide additional specific advice.
Bismarck’s 19th-century declaration about the changing realities of geopolitics resonates today as the global economic order undergoes seismic shifts. For decades, Canada and the U.S. have shared a mutually beneficial trade relationship, underpinned by the post-Second World War framework of free trade agreements and multilateral cooperation.
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.
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.
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