March 2018 Newsletter

Mar 31, 2018 | Cairy Holtby


March 2018

March has come and is almost gone, we are wishing it would take the snow with it. It definitely feels like it’s been one of the longest winters we can imagine. We are all looking forward to the arrival of Spring!

The markets have been particularly difficult lately, with negative returns for year, and much higher volatility than we had become accustomed to. There seems to be a number of technical trading issues that are triggered by the ‘news of the day’. The global economy still appears to be strong, with no signs of recession yet. The markets eventually trade on fundamental earnings and the strengths of the economy. Remember, we try to buy good businesses, and ignore the daily fluctuations. There are a number of articles and research I have read lately discussing these issues. You can find some of them on our website and I’ve also referenced a few below. Please give us a call if you have any questions or concerns.


Holtby & Associates Team Announcement:

Marli Mikulecky has moved on to another role outside RBC Dominion Securities. We are sorry to say goodbye, and we wish her all the best in her new position. Natel Hull has stepped in as a full time Associate and we have added Jillian Hughes to our team providing administrative support.

Natel’s direct line is 250.712.2187 /

Jillian can be reach at 250.712.2195 /


Morning Insight:

Every weekday morning our team sends out our Morning Global Insight via email. It includes stock research and market updates. If you would like to be added to our mailing list, please call or email our office to let us know. We send it out on a daily or weekly basis.


Two-Way Secure Messaging:

Through DS Online Secure Messaging, you can now send and receive secure messages to and from us. This new feature allows you to request a variety of changes to your accounts, without having to provide your signature. To learn how to send messages and set up notifications, please see link below. Read More


Tax Reporting:

The majority of tax slips have been mailed out, and you should have received most of your slips by now. A Tax mailing update has been included below for your convenience.


Please stay tuned to our website,

You will be able to find articles we post (upcoming tax articles as they become available) as well as the regular Global Insight Weekly and Monthly publications.


Tax mailing update:


T5/R3&NR4 Package & T4RIF / T4RSP

Approximately February 14 to February 26

T5013/A Forms / R15 (Limited Partnership Units)

From March 6, 2018 – Completion

T5 Split Corps Package

From February 27 – 28, 2018

T3/R16 & NR4 Package (Mutual Funds)

From March 6, 2017 - Completion


1099 Package (for QI/U.S. persons)

Mandatory January 31, 2018

1042-S Slips/Package

Mandatory March 15, 2018












Global Equities: A Rough Ride Back to Normal


The abnormal market calm has been shattered. But we see no recession on the horizon and we think the equity bull has further to run

Read More


Perspectives Magazine

A wide range of investment, tax and lifestyle perspectives from RBC Wealth Management Services.

Read more





Update on private company tax proposals

What’s in and what’s out with respect to the federal government tax changes for Canadian-controlled private corporations.

Read more





Tax planning strategies for high income earners

Tax minimization strategies for those earning $200,000 or more to consider with their professional tax advisor.

Read more







Interesting Reads




Don’t Let Emerging Markets be an Investment Blind Spot


Source: RBC Wealth Management


Federal Budget 2018: Highlights from the Equality an Growth Plan


Source: RBC Wealth Management


Crossing Borders with Your Business


Source: RBC Wealth Management


Canadian Household Indebtedness and its Expected Impact on Credit Markets and Interest Rates


Source: RBC Wealth Management