As we approach year end, we wanted to provide you with some important year-end tax tips, as well as remind you of contribution limits for TFSAs as well as RSPs and RESPs. Finally, a brief summary of the November stock market activity is included.
In this summary we provide an overview of the estate planning benefits of testamentary trusts for spouses and children. Also, the U.S. election has created additional uncertainty in the markets, and we provide a brief overview of the markets during the past month.
In this summary we review a number of topics from helping your children, travel insurance and a review of the markets.
North American stocks just wrapped up their fifth consecutive monthly gain, as the major indexes completed their comeback from March’s lows. Two major U.S. indexes reached record highs, while Canada’s benchmark TSX Composite climbed to its highest level since the start of 2020.
In this summary we discuss the benefit of using Letters of Wishes and Discretionary Trusts, as well as a general overview of the global markets over the past month.
In this summary we discuss the importance of financial and estate reviews during important milestones, as well as a brief review of the markets globally and investment portfolios.
If you are like us, you are becoming more accustomed to the reality of the current pandemic. Limited social interaction with friends and family, minimal travel and infrequent shopping adventures continue to be the status quo for each of us now. No one knows when the economy will be completely “opened up” and what the repercussions will be in the future. However, we do know that the effort to find vaccines or treatments for Covid-19 is unprecedented in human history, so we remain confident that a relatively effective treatment will become available in the not too distant future.
While all of our team members continue to work from home, we cannot express enough our gratitude to be able to continue to assist you and your families in reaching your long term estate and financial goals. In addition, we are grateful to each and every person who exposes themselves and their families to an uncertain environment to help keep all of us safer. We are incredibly fortunate.
The goal of this summary is to be educational and informative. We hope you enjoy it.
Like you, we are hopeful that some of the current restrictions will be eased in the near future, especially as summer approaches. Despite these challenges, we remain focused in helping you achieve your long term financial goals. We hope you find this summary informative and educational.
We trust you are safe and healthy during this very challenging period in all of our lives. We hope you find this monthly summary educational and informative.
In this newsletter, we offer you a monthly Recap about Stock Markets, Bond Yields Crash Amid Coronavirus Scare and Global Stocks Plunge.
Wall Street and global stocks plunged anew on Friday January 31st, as China’s coronavirus outbreak cast a dark shadow over global growth prospects. With the decline, the Dow and S&P 500 slid into negative territory for January while European and Asian stocks followed suite.
January Monthly Recap and Year End Summary: Wall Street Caps Off Best Year Since 2013 as Fed Comes to the Rescue
The Dow and broader U.S. stock market surged to record highs in December, as easing trade tensions and fresh stimulus from the Federal Reserve boosted investor morale. The major U.S. indexes capped off one of their best years since the dot-com era, with Apple (NASDAQ:AAPL) leading all FANNG and Dow constituents.