Happy Friday from Brenda Miller Family Wealth!
As we transition into tax season, we want to ensure you're prepared. If you're set up for electronic delivery, you can retrieve your tax documents directly through DS online at your convenience. For those receiving paper documents, please look for them in the mail over the upcoming weeks. Having your documents organized now will streamline your tax preparation process.
The Latest News
Trade & Tariffs: Higher tariffs are set to be a key component of any new Canada-U.S. trade deal. U.S. Trade Representative Jamieson Greer has signaled the American government's firm commitment to its global tariff policy, indicating Canada will face higher tariffs and pressure to open markets like dairy. Canadian Trade Minister Dominic LeBlanc is scheduled to meet with Greer in the coming weeks to negotiate CUSMA terms.
Energy Markets: The Keystone XL pipeline project is experiencing a resurgence. Following TC Energy's 2021 abandonment of the controversial Alberta-to-Gulf Coast pipeline, a private U.S. company has filed an application to construct a 550,000-barrel-a-day pipeline through Wyoming. TC Energy's spin-off, South Bow Corp., is also exploring existing infrastructure to increase U.S. exports.
Emerging Trends: The "mention" market has become the latest betting frontier, with investors wagering on specific words spoken by CEOs and politicians. This phenomenon has drawn substantial trading activity but is raising concerns about potential market manipulation.
Technology: Nvidia continues to demonstrate strength with fourth-quarter revenues growing 73% year-on-year to US$68.1 billion, effectively dismissing concerns about an AI bubble as customer demand for computing power accelerates.
Tax Planning and Strategy
As tax season unfolds, now is an excellent time to review your tax planning and strategies with our team. Whether you're looking to optimize your investment portfolio, explore deductions you may have missed, or plan for next year, we're here to help. Please don't hesitate to reach out to our office if you need anything—we're committed to ensure your financial picture remains strong.
Have a nice weekend,
Brenda, Betina, Matty, Taylor, and Max