February Newsletter

February Newsletter

At anytime, if you would like to speak with us, please do not hesitate to reach us directly by phone 905-727-5040 or Ridd.Associates@nbpcd.com.  We would also be happy to meet with you in person (either in-person, via video or telephone).

RRSP/TFSA Contribution Reminders

• The 2023 RRSP contribution limit is $30,780.  Please check your Notice of Assessment or with your accountant to be sure that you do not over contribute.  The deadline to contribute for the 2023 tax calendar year is February 29, 2024.  

• The 2024 TFSA contribution limit is $7,000. 

Please see here for full details. If you would like assistance with making your contributions, please let us know.

 

Market and Portfolio Update

Markets have been strong and our models as of the end of January have been ahead of the markets. We are high in the Green Zone in our mid-long term Equity Action Call. And though our shorter-term signals, or Footsteps, have seen a minor pullback from the recent highs, that is expected after the run since the end of October. Importantly, they are however showing markets are still running neatly in their “channel” on their overall path higher. 

There is no concern yet, even after such a run, but we will be monitoring closely for a breakdown at both the “index” level for a step off that path, and on each individual stock level, to look whether to replace positions, preferably with something stronger, as again we are in the Green Zone. Alternatively, we would look to move to more defensive positions if needed, and as a last resort, to cash of there is a more distinctive rollover.   READ MORE
 

Monthly Features

NET WORTH NEWSLETTER

Read the latest wealth management insights in this edition of the Net Worth newsletter. Included in this edition:

• THE FHSA (First Home Savings Account)

• How Emotions can hold us back from making money

• Investing in the Energy Transition

READ MORE
 

Tax Document Mailing Schedule

• T3 and T5013 tax slips will be mailed to BMO Nesbitt Burns clients by March 28, 2024.

• T3 and T5013 tax slips will be available on Gateway by March 27, 2024. 

• Realized Gain/Loss reports will be available the last week of March – first week of April

• Further details will be available in our March Newsletter

 

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We hope you enjoyed this month's newsletter.

If at anytime you would like to meet with us, please contact us by phone at 905-727-5040 or Ridd.Associates@nbpcd.com. We would be happy to setup an in-person meeting, phone meeting or virtual meeting at a time that is convenient for you. We look forward to reviewing your portfolio and wealth plan as well as answering any questions you may have.  

If you know someone who can benefit from what you have learned today, please feel free to forward this newsletter to them.

 

 

 

Warm regards,