We’ve put together a few great resources for your economic update this week. To start off, Jim Allworth and Kelly Bogdanova weigh-in on the market's recent volatility in the article, What is the equity selloff saying about the investment outlook? You can also listen to the latest audio commentary from RBC Wealth Management, Checking in on recent market volatility: Has the outlook changed? And finally, we’ve included a video featuring Eric Lascelles, Chief Economist with RBC Global Asset Management, Markets respond to monetary policy uncertainty, inflation heat and geopolitical tensions.

Attention business owners – this week’s tax article is for you! We’ve put together a checklist that includes everything from compensation, to corporate surplus, to succession planning. Your link to the article is below, Tax-planning checklist for the owner-manager.

Did you miss one of the tax articles we’ve already shared? No need to search your inbox, each week we will add them to a list in our tax feature section so they are at your fingertips. Please reach out to us if you would like to be connected with a tax professional, we would be happy to introduce you to one of our trusted connections.

Mark your calendars! Our 2022 International Women’s Day celebration is on Wednesday, March 9, 2022 from 1:00 p.m. to 2:30 p.m. You can RSVP early to this interactive virtual event using the link below.

As always, we end our weekly newsletter with a few good news stories from in and around our community.

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What is the equity selloff saying about the investment outlook?

We regard the pullback as something that should be endured on the way to further market gains instead of posturing that it's “something worse.”

After the U.S. equity market delivered its strongest and longest post-trough rally since at least the 1960s, with the S&P 500 Index surging 114 percent from March 2020 through early January 2022, several factors have come together to push the broad averages lower over the past three weeks, raising the prospect that equity markets may be undergoing the first meaningful correction since this bull market got underway 18 months ago.

Read the article online: What is the equity selloff saying about the investment outlook?

 

Checking in on recent market volatility: Has the outlook changed?  Janet Engels, Head of the Portfolio Advisory Group – U.S., and Tylar Lunke, Senior Manager of the Portfolio Advisory Group’s Managed Portfolio Strategies team, talk about the forces impacting markets and creating recent volatility from inflation to central bank policy. They discuss whether the outlook for 2022 has changed and share their views on equities. Listen to their commentary online: Checking in on recent market volatility

 

Markets respond to monetary policy uncertainty, inflation heat and geopolitical tensions

Globally, Omicron seems to be retreating slightly but the arrival of a new subvariant is raising concerns. Geopolitical tensions between Russia and Ukraine, as well as monetary policy uncertainty, are contributing to higher volatility in the financial markets. RBC Global Asset Management’s Chief Economist, Eric Lascelles, shares his views on these developments and whether more rate hikes will hinder the economic recovery.

Watch the video online: Markets respond to monetary policy uncertainty, inflation heat and geopolitical tensions

 

Tax-planning checklist for the owner-manager If you own an active business through a private Canadian corporation, you may find the following tax planning checklist helpful. A couple helpful tips found in this article include considering an estate freeze to capitalize the value of your assets (i.e. your shares), and transfer the future growth of your assets, and their associated tax liability, to the next generation; or consider setting up an Individual Pension Plan (IPP) to maximize your retirement savings (beyond the level that an RRSP permits) and lower the tax burden of the company. Read the article online: Tax planning checklist for the owner-manager (pdf) In case you missed one of our recent tax articles, the list below includes the articles that we’ve shared recently. Tax planning calendar (pdf) RBC Dominion Securities Tax Reporting Guide If you have questions about your tax package from Elinesky Schuett Private Wealth Management, please contact Brittany Beach at brittany.beach@rbc.com or 519-822-2024. Brittany will be your first point of contact for all 2021 tax package questions.

 

Save-the-Date: International Women’s Day
Wednesday, March 9, 2022 1:00 p.m. – 2:30 p.m.

Our International Women’s Day event will be a virtual celebration this year. Please join us on Wednesday, March 9, from 1:00 p.m. to 2:30 p.m. for a live and interactive discussion with three inspirational women.

We are thrilled to welcome Manjit Sharma, Emma Rogers, and Lauren Power to our panel this year. Karie Huisman from our team will once again be our moderator for this event. Visit our special event page for more information about these extraordinary women, International Women’s Day 2022.

Click the link to RSVP early!

 

Community Corner

Each week, we like to share a few good news stories from in and around the community. We hope that they brighten your day!

• Society presents programming for Black Heritage Month
• The Urban Sugaring Project returns to Guelph
• Arthur women creating village’s first ‘barn quilt trail’ ahead of 150th anniversary
• Gallery: Snow brings out our creative side (8 photos)
• 'We've known how good she is for a long time': Georgetown player aims to return Olympic gold to Canada
• Milton man creates giant snowman as a tribute to his father
• Elora Singers to take part in online classical music festival

 

As always, we are available to connect with you personally. Please don’t hesitate to contact us at 519-822-2024 or elineskyschuett@rbc.com.