Suzanne Gonsalves

What can investors expect in 2025? Will the U.S. bull market continue its run? Will the headwinds subside for Canada? And what are some key long-term opportunities for investors? Watch the video below for takeaways from our Global Insight 2025 Outlook report.

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What you need to know about the Bank of Canada’s latest rate cut. Josh Nye, Canadian Fixed Income Strategist, shares three key takeaways.

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Global corporates hold potential for capital appreciation and higher yield, to complement core bonds. Learn more about Mackenzie Global Corporate Fixed Income Fund: https://ow.ly/eKEH30sEcZS

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How do you think businesses in Canada are faring right now? Tune in today at 12 noon EST as we welcome Dan Kelly, President, CEO and Chair Canadian Federation of Independent Business to hear his thoughts. https://lnkd.in/ei8yYQNf #smallbusiness #business #recession #Canada #interestrates #economy #investing

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Live Webinar: Personal Lending 101 – A Newcomer’s Guide to Borrowing and Building Credit in Canada

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Thinking of retiring early? Taking CPP before age 65 results in a permanent reduction of your monthly benefits. For every month you take CPP before age 65, your benefits are reduced by 0.6%, which amounts to a 7.2% reduction per year. If you can comfortably support yourself without early CPP benefits, delaying might be beneficial. We can help you assess your current and projected financial needs; there is no one-size-fits-all answer.

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Global corporates hold potential for capital appreciation and higher yield, to complement core bonds. Learn more about Mackenzie Global Corporate Fixed Income Fund: https://ow.ly/gjJu30sEikE

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Who is this #meetup for? Licensed Professionals or Financial Advisers: - MFDA - IIROC - Portfolio Manager or Any other regulated professional Why Should I attend: - Canada Lags Behind on Shariah-Compliant Funds. Learn firsthand how Mabrook addresses the big gap and asks direct questions. - Gain firsthand knowledge and insight into first-of-its-kind Halal / Shariah-compliant products for your clients or networks. - Red Carpet or early access to platform or investment. Register: https://lnkd.in/di_6W_gq #Islamicfintech #regulated #RWA #franctionalization #communitybuilding #halal #investing #halalindustry

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Annual TFSA contribution limits are going up in 2025.

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"We have an opportunity to be advisors who can quarterback our clients’ lives, I want them to feel they can come to me for any recommendation.” -SS The power of referrals and word-of-mouth can go a long way. Read the full article in The Globe and Mail, covered by Deanne Gage. Link in bio 🔗 • #WomenInWealth #FinancialWellness #MoneyTalk #WomenInFinance #InvestmentAdvisor #FinancialGoals #FinancialPlanning #FinancialAdvisor #EmpowerHerInvestments #InvestmentAdvice #FinancialFreedom #MoneyMindset #PersonalFinance #FinancialIndependence

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Condo sales across the GTA and Hamilton area continues to struggle with sales in Q2 down 70% from the 20-year average and 66% from Q2 in 2023. Out of all of the launched presale units in 2Q2024, only 17% sold! Due to the lack of sales, there are now over 25,000 units for sale – it seems sellers have not adjusted their expectations down to where demand sits. There are an estimated 10,000+ units being completed in the second half of this year, adding to the supply-demand imbalance. From the Globe and Mail: “In Toronto, the average price per square foot was $1,529 in the quarter ended in June, according to Urbanation. That is more than double the $606 price per square foot in 2014. In the regions surrounding the city, the average price per square foot was $1,153 in the second quarter of 2024, compared with $484 in 2014.” Would you pay over $800k for a 550-sq. ft. condo? To me, that’s a tough value proposition. If you had 20% to put down on that condo, say you got it for $800k even, your mortgage would be $640,000. At 5%, that puts your monthly payment at over $3,700. Plus condo fees, plus taxes, plus…etc… you’re well over $4,200 per month. Compare that to the average monthly rent of a one-bedroom of ~$2,500. The natural justification is that you’re not building any equity while your rent. Note that almost ¾’s of your mortgage payment goes to interest, not equity, for the first 10-years. For renters, you can take that difference ($4,200 - $2,500 = $1,700/mo.) and save/invest it. This simply suggests that prices at these levels are tilting the math towards renting.

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Are you among the majority of Canadians unsure about retirement savings and financial planning? Discover common sources of financial advice and how partnering with a Certified Financial Planner can boost your financial know-how and well-being. Book a meeting with our expert CFP today! #TheReFrameGroup #FinancialPlanning #RetirementSavings #FinancialWellness https://lnkd.in/gJrWueFn

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For our last (of 4) strategy pieces on advanced RRSP planning, we look at the “meltdown strategy”. This strategy aims to replace excess RRSP assets with non-registered assets, but is the riskier that the others we have discussed because it uses an investment loan (leverage). The meltdown strategy follows the same principal as the preceding posts – it can be more tax efficient over the long-term to spread out RRSP/RRIF withdrawals over more years. This, of course, depends on both your and your spouse’s retirement date. We talked 2-weeks ago about how a spousal RRSP being key if you think your spouse will retire before you…but I digress. For the meltdown strategy, you would obtain an investment loan to be invested in a non-registered account. You would then pay the interest component of the loan by withdrawing (deregistering) the exact same amount of funds from your RRSP. From a tax perspective, you are accomplishing an offsetting income inclusion (RRSP withdrawal) with an interest expense deduction from the loan – because the cash from the loan is invested in a non-registered taxable account, you can write off the interest. Said another way, you’ve created an offsetting income-expense balance, at least in theory (there are withholding taxes on RRSP withdrawals so sizing is key), which is why you should consult your tax professional before implementing anything like this. It is quite simple to create a tax-efficient non-registered account strategy targeting capital gains. Even heavily discounted bonds will accomplish this quite nicely. This is a complex strategy so you’ll need someone reliable to model this out for you, but it has the potential to help you restructure your savings if you find yourself very RRSP heavy.

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An excellent quick update on the drop in the Bank of Canada policy rate to 3.25%. Have a read over the article in the link attached: #bankofcanada #interestrates #inflation #policy #economy #canadianeconomy

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