Investing After Periods of Strong Market Returns
“The strongest of all warriors are these two: Time and Patience.” — Leo Tolstoy Following the notable gains in both Canadian and U.S. equity markets in 2024, some investors may feel hesitant about the prospect of continuing to put money to work. Here are a few myths, debunked, about investing after periods of strong market […]
Your New Year’s Financial Checklist
The beginning of a new year is an opportune time to revisit certain aspects of your wealth management. If you don’t know where to start, here are a handful of ideas. For more information, please call the office. Contribute to your RRSP. The Registered Retirement Savings Plan (RRSP) deadline for the 2024 tax year is […]
Prorogation Purgatory: What Parliament’s Shutdown Means for Proposed Tax Changes
Download this PDF here. 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. What does this mean for previously announced proposals? Any […]
RRSP Season: Don’t Overlook the Spousal RRSP
It’s RRSP season once again! Over the decades, the federal government has eliminated many income-splitting opportunities available to taxpayers. However, if you have a spouse/common-law partner, don’t overlook the spousal Registered Retirement Savings Plan (RRSP) — a valuable opportunity to split income at retirement if your spouse will be in a lower tax bracket at […]
Investing Resolutions: Resolve to Review Your Will
If you are looking for a financial resolution to start the year, why not make estate planning a priority? Every so often we hear stories about the consequences of not having a valid will. To die without one, known as dying “intestate,” can have significant and perhaps unintended effects as assets will be distributed according […]
Celebrating Dean’s 30 Year Milestone!
Dean Bradshaw co-founded the Cresco Wealth Management team in 1999, but his experience in the industry goes back even further. This month, we’re celebrating his 30th anniversary in the business! We love hearing Dean’s story from his early days—here’s what he had to say: Thinking back to your early days, what did you want […]
Four Perspectives on the U.S. Election & Investing
Politics and money are never far apart. Election years frequently bring about questions surrounding changes to public policies, potential regulatory shifts and the ensuing effects on the markets and economy. This year’s U.S. election has been no exception, with investors keeping a close eye on possible changes that could influence industries, sectors and the overall […]
The FHSA Carryforward Rules & More…
The final months of the calendar year are a time when tax strategies are often top of mind. As a reminder, the tax rules allow you to carry forward certain tax credits or deductions not used in the current year. Be aware that the carryforward rules differ among registered plans. The introduction of the First […]
Even the Good Years Have Down Times
While many aspects of investing in the equity markets may seem unpredictable, one constant remains: volatility. Just how common are market fluctuations? Even in years when the S&P/TSX Composite Index has performed well, we should expect substantial volatility. Over the past 40 years, despite average annual performance of more than 6 percent, the average intra-year […]
Are You Overlooking the Tax-Free Opportunity?
There are few “gifts” that the government gives us, and the Tax-Free Savings Account (TFSA) is one of them. The opportunity to invest and grow funds on a tax-free basis over a lifetime should not be overlooked. Yet, the latest statistics reveal that many high-net-worth (HNW) individuals are not taking full advantage. The 2024 TFSA […]