Fasten Your Seat Belts for Market Turbulence—Keep Your Eyes on the Destination

To anyone who has travelled, a familiar announcement over the loudspeaker goes something like this:
“Ladies and Gentlemen, this is your Captain speaking. We are experiencing some turbulence and we ask you to remain in your seats with your seat belts fastened.”
This is an easy quote to apply to the current conditions in the stock market, and those seen in the past few weeks. I do think though, that the Captain could easily add some crucial points:

Despite the turbulence, which […]


Tax Savings: Use Capital Losses to Offset Capital Gains

Plan Ahead Before Year End
Given the extended bull market, some investors may be considering realizing gains to rebalance their portfolios. As capital gains are subject to tax, one of the more common ways to offset this tax is to use available capital losses. Here is a reminder on how losses may be an opportunity from a tax perspective.
In general, when you sell an investment you must calculate the gain or loss, which is the difference between the proceeds from […]


Looking Beyond ‘Problem Ahead’ Market Headlines

We have now entered the final quarter of 2018 and the somewhat typical, late year market volatility is upon us. More specifically, the types of market fluctuations that are often associated with October are occurring—not that I feel this will be an October like 2008.
Finding a Balanced View
Much is debated recently in financial media about the lateness of the business cycle, and the high valuations of the stock market generally, not to mention the daily published barrage of ‘end […]


Tax Free Income from a Non-Registered GIC

Recently a client asked how to get tax free income from a non-registered GIC, as their TFSA was maxed out. I mentioned that they could use the pension income credit. Here is how it works: if you or your spouse are 65 or older and do not have income from a RRIF or private pension plan, there is another alternative to take advantage of the Pension Income Tax Credit.
What is the Pension Income Tax Credit?
If you receive eligible pension […]


The Bulls and the Bears

This past August, both Canadian and U.S. equity markets boasted a new record for having one of the longest bull markets in modern financial times. What does that mean for your portfolio?

What Historic Markets Show Us
Let’s take a look back at the history of the bull and bear markets of the S&P/TSX Composite Index since 1970. There have been eight bull markets and seven bear markets. Bull markets have been longer, averaging around 63.5 months, whereas bear markets have […]