02/09/2018 - Volatility Is Back: What The Sell-off Means
Despite an impressive start to 2018, in February, global stock markets have exhibited above-average levels of volatility. Investors are asking, why now? What's behind these recent swings in stock prices?
At Randall Roberts, it is our view that the euphoria surrounding President Trump's tax cuts is waning, and that stock prices are now adjusting to the probability of higher interest rates, particularly in the US. The speed and scale of market gyrations - both up and down - appears to be magnified by the increased use of ETFs and derivatives among institutional portfolio managers.
For Canada, the story is somewhat different. Increasing uncertainty surrounding NAFTA, the implementation of more-stringent mortgage rules, and consumer debt concerns are current headwinds for the TSX. For these reasons and more, we feel that interest rates in Canada will not ascend at the same pace as those in the US. In light of these concerns, Canada's economy is performing ok, and is likely to benefit from US growth and higher energy prices.
What's confounding many investors is the fact that economic data - globally, not just in the US - remains very positive. Considering the strength and synchronization of global economies, we continue to support the inclusion of stocks in diversified portfolios.
Please click here for a more detailed report published by our Portfolio Advisory Group, summarizing the recent volatility. As always, we encourage you to reach out to Mark, Trevor, and the team should you have any questions or concerns.
02/09/2018 - 2018 Handy Financial Planning Facts
Please click here for 2018's edition of Handy Financial Planning Facts.
12/05/2017 - 2018 Global Insight Market Outlook
Over the past few years, our road map for investment portfolios has hinged on expectations for economic stability and growth. So long as our indicators are pointing toward a continuation of global and U.S. economic growth, equities should be given the benefit of the doubt. We believe this approach will once again serve investors well in 2018 as the synchronized upswing in most major economies leaves us optimistic and positioned with a modest Overweight in global equities. Click here to review our detailed report.
12/01/2017 - 2017 Year-End Tax Tips
As year-end approaches, taking some time to review your financial affairs may yield significant tax savings. To ensure that you leave no stone unturned, we have summarized some common year-end tax planning strategies in this article. Click here to review our detailed report.
11/01/2017 - Tax Strategies For High Income Earners
Depending on your province of residence, you may be subject to tax at a rate of 50% or higher when your income exceeds $200,000. This article highlights a non-exhaustive list of tax minimization strategies to consider with your professional advisor. The use of these strategies will vary based on personal circumstance. As such it is crucial to check with your qualified tax advisor prior to implementing any of these strategies. Click here to review our detailed report.
10/27/2017 - Corporate Tax Reform
On July 18, 2017, the Department of Finance released a consultation paper, along with explanatory notes and draft legislation, proposing a number of tax changes that were aimed at private corporations. The changes were intended to remove the perceived unfair tax advantages available to owners of private corporations. Finance provided a consultation period and requested comments on their proposals by October 2, 2017. Following a review of the submissions received during the consultation period, Finance announced a number of changes to the original proposals, some of which they will not proceed with. Click here to review our detailed report.
03/15/2017 - Charitable Donations of Securities
To encourage charitable giving, the government provides you with a tax credit when you make a donation to a registered charity. This donation tax credit can be used to reduce your taxes payable. A further tax benefit is provided if you donate certain securities in-kind. This article discusses the tax benefit of donating publicly traded securities in-kind. Click here to review our detailed report.
01/01/2017 - 2017 Tax Tables
Click here to review the 2017 combined personal Ontario and Federal tax tables.