Did you witness the incredible northern lights display last week? This phenomenal sight stretched across Canada and beyond, offering a glimpse of nature's wonder. I captured this spectacular view from Lennox and Addington Dark Sky Viewing Area, Where I enjoy making frequent trips to explore the night sky and stargazing. It’s the most southerly point in Ontario that offers a night sky experience very similar to what was available more than 100 years ago.

Central Banks and Rate Cuts: A Shifting Landscape

Economic forecasts are a crucial tool for businesses and investors alike. Portfolio Advisory Committee in this report from RBC Wealth Management analyzes recent changes in central bank policy and their implications for the global economy. This article explores the reasons behind the shift in central bank sentiment on rate cuts, with a particular focus on the Federal Reserve's position. It also discusses the potential for a recession in the United States later this year. To read the full article, click here.

Budget 2024:

The 2024 Federal Budget was recently presented in the House of Commons. One of the proposed measures announced in the Budget is an increase to the capital gains inclusion rate for individuals, corporations, and trusts.

With tax efficiency playing an important part in financial success, you may be wondering how this proposed change may impact you. We’re pleased to provide this article, Planning for the proposed increase to the capital gains inclusion rate, which outlines what’s known about the proposed changes at this time, as well as potential planning considerations.

Please also refer to the 2024 Federal Budget article for a summary of other key measures announced.

If you have any questions about the Budget and how it may affect you, or for any other wealth management needs, please reach out to us directly.

Now that tax season is over, it's an opportune time to bring your financial plan up to date with your most current details. By working together, we can ensure your plan remains on track to meet your long-term objectives.

Additionally, we want to remind all our clients that all tax documents can be received online, please contact us if you would like to switch!