Municipal Securities Rulemaking Board’s Post

Publicly funded assets may have underlying financial concerns yet to emerge, especially those invested years ago by the public sector when the economic conditions were so different. Here are some of the common risks seen recently and what councils should do before it's too late to act. #publicsector #localgovernment #centralgovernment #grantthornton

When individuals reach the maximum limit for their Individual Savings Account (ISA), they often face the dilemma of how to continue growing their savings. The options may seem limited, but there are various strategies to consider that allow for continued investment and wealth accumulation. Exploring alternative savings accounts or investment vehicles can be a productive way to diversify one's portfolio and stay on the path to financial growth. To learn more about effective strategies post-ISA maxing, one can visit

Gilts: a short guide to government bonds UK government bonds – also called “gilts” – can be an attractive option for investors who are focused on mitigating risk, providing income and diversifying their portfolios. Yet what are gilts, exactly? How do they work, and what are the best ways to include them in an investment plan?... #GovernmentBonds #InvestingUK #PortfolioDiversification #GiltsGuide #InvestmentStrategy #InvestmentPlan https://lnkd.in/epHJYZiz

🎉 Exciting news for savers in the UK! 🇬🇧💰 The new UK government initiative introduces a 5% ISA (Individual Savings Account), offering a fantastic opportunity for individuals to grow their savings tax-free. 💼💷 With this innovative ISA, savers can earn a competitive 5% interest rate on their investments, providing a secure and attractive option to build wealth for the future. 💡📈 Whether you're saving for a rainy day or planning for long-term financial goals, this 5% ISA presents a valuable tool to help you achieve your objectives while maximizing your returns. 🌧️🎯 Let's take advantage of this exciting opportunity and secure our financial futures with the new UK government 5% ISA! 💼💳 #UKGovernment #ISA #Savings #FinancialFuture 🎉

Asset Allocation Per Account or Overall Portfolio? How you invest could have an impact on your taxable income annually. I will give you an example of what I mean. Say that you are an aggressive investor who wants to have an 80/20 split between equities and fixed income. Fixed income usually pays interest, which is taxable in the year you receive it (if it isn't in a registered account, like TFSA, RRSP, LIRA, etc.) If you or your financial advisor use the 80/20 split per account, you would be taxed on the interest you receive in your non-registered account. However, if you or your financial advisor use the 80/20 split based on the portfolio (looking at all your accounts as a whole). You could allocate more fixed income to your registered account (where it wouldn't be taxed annually) and maintain that overall 80/20 split on your whole portfolio by having a higher split of equities (growth-focused) in your non-registered account. What are the different strategies that you have used? #abovethecrowd #personalCFO #YQL #YYC #investing #taxes

𝘛𝘩𝘪𝘴 𝘪𝘴 𝘱𝘰𝘴𝘵 2 𝘰𝘧 2 𝘴𝘶𝘮𝘮𝘢𝘳𝘪𝘻𝘪𝘯𝘨 𝘮𝘺 𝘭𝘢𝘴𝘵 𝘊𝘢𝘯𝘐𝘯𝘯𝘰𝘷𝘢𝘵𝘦 𝘱𝘰𝘴𝘵 𝘰𝘧 2024. 𝘠𝘰𝘶 𝘤𝘢𝘯 𝘧𝘪𝘯𝘥 𝘵𝘩𝘦 𝘧𝘶𝘭𝘭 𝘢𝘳𝘵𝘪𝘤𝘭𝘦 𝘢𝘵 𝘭𝘪𝘯𝘬 [1] 𝘪𝘯 𝘵𝘩𝘦 𝘤𝘰𝘮𝘮𝘦𝘯𝘵𝘴. 𝘏𝘢𝘱𝘱𝘺 𝘩𝘰𝘭𝘪𝘥𝘢𝘺𝘴! 𝗪𝗵𝗮𝘁 𝗗𝗶𝗱𝗻'𝘁 𝗖𝗵𝗮𝗻𝗴𝗲 SR&ED limits are still not pegged to inflation, meaning that the value of the credit will decline over time. It would likely be simpler to just peg these limits to inflation and be done with it, avoiding the need for a similarly complex process a decade from now. More of an issue, however, is that all of the changes are focused on the numbers, rather than structural and procedural changes and as such will only have an impact later in life cycle of a company. Supporting Canadian companies post-IPO is an excellent goal, but requires first that companies get to a stage where an IPO is possible. The way the SR&ED credit is paid out, requiring up-front commitment of funds without certainty of reimbursement, means that SR&ED is more useful to later-stage companies that can afford the initial outlay. Companies rarely hit the SR&ED cap in the early stages of building, and this is when the support is most needed. Intellectual property and the costs of bringing the results of R&D to market remain ineligible under the updated rules. The cottage industry of SR&ED consultants and lenders will continue to reduce the impact of the investment, re-energized with a shot at 50% larger returns. In other words, these changes do nothing to help with the valley of death that prevents commercialization of Canadian research outputs. As previously noted [2], as much as a quarter of SR&ED credits are paid out to Canadian branch plants of foreign multinationals. It is unclear how these changes, particularly the third point, will impact this fraction. These changes are all positive, while still falling far short of what I had hoped to see resulting from the SR&ED consultation. The Council of Canadian Innovators | Conseil canadien des innovateurs response hits the nail on the head: “𝘞𝘩𝘪𝘭𝘦 𝘵𝘩𝘪𝘴 𝘢𝘯𝘯𝘰𝘶𝘯𝘤𝘦𝘮𝘦𝘯𝘵 𝘪𝘴 𝘸𝘦𝘭𝘤𝘰𝘮𝘦, 𝘢𝘯𝘥 𝘪𝘵 𝘮𝘰𝘷𝘦𝘴 𝘵𝘰 𝘢𝘥𝘥𝘳𝘦𝘴𝘴 𝘴𝘰𝘮𝘦 𝘰𝘧 𝘵𝘩𝘦 𝘴𝘱𝘦𝘤𝘪𝘧𝘪𝘤 𝘪𝘴𝘴𝘶𝘦𝘴 𝘵𝘩𝘢𝘵 𝘸𝘦 𝘩𝘢𝘷𝘦 𝘣𝘦𝘦𝘯 𝘵𝘢𝘭𝘬𝘪𝘯𝘨 𝘢𝘣𝘰𝘶𝘵 𝘪𝘯 𝘳𝘦𝘤𝘦𝘯𝘵 𝘺𝘦𝘢𝘳𝘴, 𝘪𝘵 𝘮𝘶𝘴𝘵 𝘣𝘦 𝘵𝘩𝘦 𝘣𝘦𝘨𝘪𝘯𝘯𝘪𝘯𝘨, 𝘯𝘰𝘵 𝘵𝘩𝘦 𝘦𝘯𝘥, 𝘰𝘧 𝘚𝘙&𝘌𝘋 𝘳𝘦𝘧𝘰𝘳𝘮.” That said, I am encouraged to see movement at all. I hope that the effort continues, and that further updates to the program go deeper than just tweaking the numbers, focusing on streamlining procedural elements of SR&ED that currently reduce the potential impact of Canada’s more important innovation-related incentive program. Many thanks to Laurent Carbonneau for pointing me to the definition of eligible Canadian public company that I somehow missed the first time through. I have updated the post to reflect this.

Finance has the power to give directionality to the economy & control of financial levers is political. Watch & read about the discussion on governing finance with Josh Ryan-Collins, Ann Pettifor Ingrid Holmes & Brett Christophers hosted by IIPP here ➡️ https://lnkd.in/eR-ZqU85

Maximising Returns, Minimising Costs: At Panorama Financial Services, we prioritise ensuring you're not overpaying for insurances or missing out on potential returns from your superannuation, providing peace of mind and financial efficiency. 💰✅

📊 𝐒𝐢𝐦𝐩𝐥𝐢𝐟𝐲 𝐘𝐨𝐮𝐫 𝐂𝐚𝐩𝐢𝐭𝐚𝐥 𝐆𝐚𝐢𝐧𝐬 𝐓𝐚𝐱 𝐅𝐢𝐥𝐢𝐧𝐠: 𝐈𝐓𝐑-2 & 𝐈𝐓𝐑-3 𝐒𝐭𝐞𝐩𝐬 𝐟𝐨𝐫 𝐅𝐘 2023-24 Filing your capital gains tax can seem daunting, but we've got you covered! Here are the steps to simplify the process: 𝐀) 𝐄𝐪𝐮𝐢𝐭𝐲 𝐒𝐡𝐨𝐫𝐭-𝐭𝐞𝐫𝐦 𝐂𝐚𝐩𝐢𝐭𝐚𝐥 𝐆𝐚𝐢𝐧: Learn how to report gains from selling equity mutual funds /stocks held for less than 12 months. 𝐁) 𝐄𝐪𝐮𝐢𝐭𝐲 𝐋𝐨𝐧𝐠-𝐭𝐞𝐫𝐦 𝐂𝐚𝐩𝐢𝐭𝐚𝐥 𝐆𝐚𝐢𝐧: Understand the steps for declaring gains from equity mutual funds /stocks held for more than 12 months. 𝐂) 𝐃𝐞𝐛𝐭 𝐅𝐮𝐧𝐝𝐬 𝐒𝐡𝐨𝐫𝐭-𝐭𝐞𝐫𝐦 & 𝐋𝐨𝐧𝐠-𝐭𝐞𝐫𝐦 𝐂𝐚𝐩𝐢𝐭𝐚𝐥 𝐆𝐚𝐢𝐧: Get clear guidance on reporting gains from debt funds, whether short-term or long-term. Ensure a smooth capital gain entry in this tax season with the 𝐬𝐢𝐦𝐩𝐥𝐞 𝐠𝐮𝐢𝐝𝐞 – 𝐟𝐨𝐥𝐥𝐨𝐰 𝐭𝐡𝐞𝐬𝐞 𝐬𝐭𝐞𝐩𝐬 𝐧𝐨𝐰! For detailed insights, check out my article below, “𝐒𝐭𝐞𝐩𝐬 𝐛𝐲 𝐒𝐭𝐞𝐩 (𝐰𝐢𝐭𝐡 𝐒𝐜𝐫𝐞𝐞𝐧𝐬𝐡𝐨𝐭) 𝐓𝐨 𝐅𝐢𝐥𝐞 𝐈𝐓𝐑 𝐅𝐨𝐫 𝐂𝐚𝐩𝐢𝐭𝐚𝐥 𝐆𝐚𝐢𝐧𝐬 (𝐈𝐓𝐑-2 & 𝐈𝐓𝐑-3) 𝐅𝐘 2023-24” (🔗 𝘭𝘪𝘯𝘬 𝘪𝘯 𝘵𝘩𝘦 𝘤𝘰𝘮𝘮𝘦𝘯𝘵 𝘴𝘦𝘤𝘵𝘪𝘰𝘯) 💡💸 📌 𝐃𝐌 𝐌𝐞 𝐟𝐨𝐫 𝐚 𝐅𝐑𝐄𝐄 𝐃𝐢𝐬𝐜𝐨𝐯𝐞𝐫𝐲 𝐂𝐚𝐥𝐥 and understand how personalized financial planning can plan your financial future 📞💼 ✅ 𝘍𝘰𝘭𝘭𝘰𝘸 Salma Sony, CFPᶜᵐ🎯 𝘧𝘰𝘳 𝘱𝘦𝘳𝘴𝘰𝘯𝘢𝘭 𝘧𝘪𝘯𝘢𝘯𝘤𝘦 𝘤𝘰𝘯𝘵𝘦𝘯𝘵. #CapitalGains #TaxFiling #ITR2 #ITR3 #FinancialPlanning #SalmaSony

Interesting and timeless article from the The Australian Financial Review about cash holdings, referencing that SMSFs hold almost 17% of their assets in cash. https://lnkd.in/gX8z89bP In the ever-evolving world of investments, the role of cash within a portfolio often sparks debate among investors. Here’s a balanced look at the advantages and disadvantages of maintaining a cash position: Pros: Liquidity and Flexibility: Cash provides unparalleled liquidity, allowing investors to quickly capitalize on opportunities or meet unexpected expenses without the need to sell other assets at potentially unfavorable times. Safety and Stability: In volatile markets, cash offers a safe haven, preserving capital and providing peace of mind. It acts as a buffer against market downturns, reducing overall portfolio risk. Opportunistic Buying: Having cash on hand enables investors to take advantage of market corrections or downturns by purchasing undervalued assets at discounted prices. Cons: Low Returns: Cash typically yields minimal returns, especially in low-interest-rate environments. This can significantly drag down the overall performance of a portfolio over the long term. Inflation Erosion: Over time, inflation erodes the purchasing power of cash. What seems like a safe store of value today might buy much less in the future, effectively diminishing real wealth. Opportunity Cost: Holding too much cash means missing out on potential gains from other investments. Allocating funds to higher-yielding assets like stocks or bonds could enhance growth and income prospects. In addition, there are numerous investments that can provide a higher yield without moving up the risk spectrum too far - private credit is an example, with opportunities ranging from monthly liquidity options to longer duration options. In conclusion, while cash is an essential component of any portfolio for liquidity and risk management, balancing it against potential returns and inflation risks is crucial. Assessing your financial goals, risk tolerance, and market outlook will guide you in determining the right cash allocation for your portfolio.