It is a lot easier to get income (good dividend yield) in Canada than growth right now. The TSX (Canadian broad market index) is up +0.50% in the last 12 months and down nearly 4% year-to-date. Canada (S&P/TSX Composite) represents a great market for income investors but currently offering poor growth of capital…
10% corrections historically should occur almost every year – however, this is only the second in a nine year bull market so investors may not be used to them. You might recall the last correction of 10% occurred around the same time of the year, in Jan/Feb of 2015. When we do get a bigger correction, it is usually a result of perceived change in the economy though the degree of volatility last week with 500pt+ swings within a single day’s trading session, suggests that computer trading has been behind much of that.
Click here to read the February 2018 Market Update
Best,
Rob Hunter
The S&P 500 fell more than 5 percent just six trading days after reaching an all-time high.
February 5, 2018
2017: A turnaround year for Canada
Considering that the Canadian economy was recently a laggard, the speed and magnitude of the economic rebound are remarkable.
Your 2017 Tax Return – Tax Reporting Information
With the tax-filing deadline fast approaching you may be in a rush to file your 2017 personal tax returns.
RRSP contribution deadline for 2017 is Thursday, March 1, 2018
Have you made an RRSP Contribution for 2017?
Have you made a TFSA Contribution for 2018?
Income Trust or Limited Partnership Units
The average U$ currency rate for 2017 is 1.2986 (applicable if you are reporting U$ capital gain/loss). Source: Bank of Canada – Financial Markets Department
Allowable capital losses can be applied against any capital gains for the previous 3 years (2014, 2015, 2016) or carried forward indefinitely.
If you require a Capital Gain/Loss Report (taxable accounts) for your 2017 Personal Tax Return, please feel free to contact me at (250) 953-8415 or by e-mail at [email protected]
On-line Services – if you would like to view your NBF accounts on-line, please contact me for access.
Your personal tax return must be filed prior to mid-night of April 30th, 2018
Have you received all your tax slips?
This table lists the various Canadian slips and forms that may be needed to prepare your income tax return. Since these documents reflect the transactions and income recorded during the year, some may not apply to your situation. Before completing your tax return, please ensure that you have received all your tax slips to avoid having to file an amended return.
Please feel free to contact me if I can be any further assistance to you.
National Bank Financial is an indirect wholly-owned subsidiary of National Bank of Canada. The National Bank of Canada is a public company listed on the Toronto Stock Exchange (NA: TSX). The particulars contained herein were obtained from sources we believe to be reliable, but are not guaranteed by us and may be incomplete. The opinions expressed are based upon our analysis and interpretation of these particulars and are not to be construed as a solicitation or offer to buy or sell the securities mentioned herein. The opinions expressed herein do not necessarily reflect those of National Bank Financial. The securities or sectors mentioned herein are not suitable for all types of investors. Please consult your investment advisor to verify whether the securities or sectors suit your investor’s profile as well as to obtain complete information, including the main risk factors, regarding those securities or sectors.
Please consult your tax advisor regarding your particular situation. National Bank Financial is not a tax advisor and clients should seek professional advice on tax-related matters. Please note that comments included on this website are not intended to be a definitive analysis of tax law. The comments contained herein are general in nature and professional advice regarding an individual’s particular tax position should be obtained in respect of any person’s specific circumstances.