On the last day of Christmas, Craig Baun, our Senior Investment Advisor and Portfolio Manager, along with Michael Pate, our Senior Wealth Advisor and Portfolio Manager, nominated The Magic of Christmas.
Why? “With the way economic challenges and rising costs of shelter, food, and really life in general has had on so many families in our community these past few years, we wished to highlight a very timely charity, The Magic of Christmas,” said Craig and Michael. “To us the magic of Christmas is created within us all— when we take a moment to reflect, with gratitude in our hearts for how truly fortunate we are.” We were fortunate to meet Scott and his team a few years ago and tour their operation. We were very impressed with their set up and are honoured to be able to support the great work they do.
“When we help others, when we serve others, we are helping and serving ourselves as well. We truly believe that the volunteers who load and decorate our city buses with gifts and tidings for those in our community that are finding it difficult to make ends meet right now, that they too receive a gift. The biggest gift of all. The knowledge and warmth in their hearts that they made a difference in the life of another person and another family. To me, that is the magic and joy of Christmas.”
Thank you so much for following along on our LinkedIn page and our website as we highlighted a new charity every business day.
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.
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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