As spring unfolds, it brings a sense of renewal, fresh air, longer days and an opportunity to reset. The same energy can be applied to how we approach times of change. In the face of ongoing market uncertainty and shifting economic signals, this season invites us to pause, reassess and move forward with clarity. Whether you're navigating volatility, preparing for tax time or simply reflecting on your financial goals, small, steady steps can make a meaningful difference.
In this month's update, we take a closer look at current market conditions, offer reminders for tax season, share how RBC is supporting sustainability though its "e-for-a- tree" initiative, and spotlight one of our team members giving back to the community with his involvement with Hockey Helps the Homeless, highlighting the broader impact of charitable giving both personally and as a part of a thoughtful financial plan.
Market Update
What a difference a few weeks, or even days, can make. In a notable shift, the U.S. administration has pivoted from proposing sweeping tariffs across many of its trading partners to extending a three-month pause for all countries excluding China. Tariffs on Chinese goods has since risen meaningfully and previously announced tariffs impacting the auto sector, steel and aluminum remain in place. Meanwhile, new exemptions for select electronics have been granted. For further details please read this article: Tariff pause: Reason to exhale and get back to basics.
The change in approach has provided some relief from the heightened market volatility in recent weeks but uncertainty remains elevated. In our latest podcast, A Conversation on Navigating Market Uncertainty, Jim Allworth and Patrick McAllister offer timely insights into forces driving current market movements and what they may mean for long-term investors, drawing on what history has taught us.
It is understandable to feel uneasy during periods of economic uncertainty. While short-term noise can feel unsettling, it's essential to keep the long-term view in focus. In our previous market update, we emphasize our commitment to a disciplined, long-term investment strategy that focuses on quality, diversification, and resilience. During volatile times, it is important to stay the course and keep these core investment disciplines top of mind.
As we look to the future, we reflect on the past. The U.S. has long been a central pillar in global investment portfolios because of the sheer depth of the opportunity set presented by its stock and bond markets. While it is likely to continue to play a significant role we remain open to the possibility that longer-term trends could be changing, and other markets, sectors, and currencies could be important drivers of future performance. We welcome that possibility and will continue to spend time assessing new opportunities with a forward looking lens.
Final Tax Filing Reminder
The deadline to file your 2024 personal taxes is April 30 2025. Filing on time ensures your financial plan remains on track, especially if you're contributing or withdrawing from registered accounts. If you haven't yet filed, now is the time to gather your documents and file. Our Tax Season is Here blog offers several 2024 Tax filing tips, but also includes tips on early 2025 tax strategies. Often we put greater focus on tax planning near the end of the year however, there are some areas of tax planning that often get overlooked. Whether it's contributing to registered accounts, organizing charitable organizing charitable giving or optimizing your investment strategy, there are many ways to implement effective tax strategies. We are here to help you explore tax-smart strategies that align with your financial goals, well ahead of next year's deadline. Please contact us if you would like to review your tax planning strategy or if you are missing any tax slips from 2024. Hayes Vickers Private Wealth is here to ensure everything is in order, now and moving forward.
Earth Day
Earth Day, celebrated on April 22nd is a global movement dedicated to protecting our environment and promoting sustainability. This year RBC is renewing its commitment through the "e for a tree" initiative in partnership with Tree Canada. The initiative promotes clients who choose to manage their wealth digitally. This initiative reflects how small digital choices make a meaningful environmental impact. By switching to paperless options like Wealth Management Online, clients are reducing paper use while contributing to reforestation efforts across the country. Over 120,075 trees have already been planted through this program. Simple steps toward streamlining your financing and supporting a greener future.
Below are a few ways to have a tree planted in your honor, in partnership with RBC, Tree Canada will plant a tree when you do any of the following:
Enroll in WM Online to quickly and easily access your important account information, send and receive secure messages from us, and much more – all through your computer, tablet or mobile device. You can sign up by clicking here.
Switch to paperless eDocuments to safely view your account statements, tax documents, trade confirmations and more through WM Online, instead of receiving printed copies in the mail. Here’s how to sign up.
Connect your online banking at RBC with WM Online so you can transfer the funds you need between WM Online and RBC Online Banking, without ever having to leave your home. Here’s how to get started.
Let us know if you like help signing up or learning about how your digital engagement can help the environment.
Celebrating our staff giving back
Riley from our team recently participated in Hockey Helps the Homeless, a charitable tournament that raises funds and awareness for homeless initiatives. By getting involved, he helped support local shelters and outreach programs that provide essential services to those in need. Supporting causes like this helps build stronger relationships within our communities and reminds us of the power of showing up for one another. At Hayes Vickers Private Wealth, we believe compassion, commitment and community are the foundation to the trusted relationships we build. We encourage you to explore a cause that is meaningful to you. Whether it's lending your time, voice or support. Charitable giving can also play a meaningful role in your financial plan, it can serve as an effective tool for both tax management and estate planning. If you're considering incorporating giving into your strategy this year, contact us to start a conversation about how giving back can be meaningfully integrated into your financial strategy. You can also revisit our previous blog on the benefits of charitable giving to learn more about how thoughtful generosity can support both your community and your long-term goals.
We hope this season of renewal brings fresh energy and optimism your way. From all of us at Hayes Vickers Private Wealth, we wish you a Happy, peaceful Easter and a wonderful start to spring.