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 tenth day of giving, Joanna Pate, our Associate, nominated Calgary Food Bank.
Why? “Donating to the Calgary Food Bank is an impactful way to support people in the local community who are experiencing food insecurity,” said Joanna. With the rising cost of living, many individuals and families find it challenging to afford necessities, and the demand for food assistance has increased significantly. The Calgary Food Bank serves as a vital resource, providing emergency food hampers to those in need, which include healthy, balanced meals. Donations help ensure that these hampers remain stocked and ready for anyone facing sudden financial hardship, such as job loss, unexpected medical expenses, or other emergencies.
Furthermore, the Calgary Food Bank is a trusted and efficient organization, utilizing donations to maximize their reach and impact. They work closely with local agencies, charities, and social programs to ensure resources are effectively distributed to people in need. Their collaborative approach means that donations do more than just provide meals—they also support efforts that address the root causes of hunger. By giving to the Calgary Food Bank, donors contribute to a network of support that not only feeds individuals but also works to improve their long-term stability and well-being.
“Especially during the holidays, I wish to help as many families as possible with this donation. Ensuring more individuals will have food to share with those closest to them is the primary goal. Hopefully, it will relieve a fraction of the hardship they are currently experiencing” said Joanna.
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.
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.
In today’s politically charged atmosphere, it can feel as though standing for anything less than radical extremes invites scorn. As we entered 2025, a surprising emergence of centrist economic policies is reshaping our political discourse, defying party lines and pushing back against the extremes that have dominated the conversation.
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.
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