2024 Federal Budget – Key tax measures

The Honourable Chrystia Freeland has presented the 2024 Federal Budget in the House of Commons. RBC Wealth Management is committed to providing timely information to our clients. As a result, we are pleased to provide you with our summary of the Federal Budget’s key tax highlights and measures that may affect Canadian investors, business owners, professionals and families. For more details, please refer to the 2024 Federal Budget article.

Four for 2024: Key things to know about U.S. elections 

As presidential elections have become more contentious, perceptions have risen that the stock market’s fate can hang in the balance depending on who wins. We think this gives election outcomes too much weight. This article outlines four principles to keep in mind during this controversial election season.

Canadian Banks - A review of mortgage payment shock

We believe a significant number of mortgages are coming due in the next three years (around 60% of all outstanding mortgages at the Canadian chartered banks) and that payment shock (the increase in payment at renewal) could be significant and represents a tail risk to Canadian banks. Unless there are significant declines in interest rates, we believe that credit losses will inevitably rise, perhaps significantly in 2025 and beyond. This report also explores strong proactive actions by the banks that should help mitigate the shock.