Kicking off November 2023

One month until you know what... this is a busy time of year in our personal lives and in the business cycle.  Summer ends, before you know it Thanksgiving is here, then Remembrance Day and suddenly Christmas and year end parties and holidays.  

In the business world, investors return from summer holidays, reassess their portfolio positions and readjust to the new realities in the investment world. Then the looming year end brings tax planning issues to the forefront.

Should assets be sold to take capital gains in the current year? Is it a good time to buy real estate? What about RRSP contributions, RRIF withdrawals and TFSA contributions?  

The last month and a half of the year is a great time for analyzing your investment portfolio and strategies taking in insulating your investment portfolio from economic turbulence, tax planning, estate planning, and other factors. 

Drake offers free consultations on your investment portfolios whether you purchased the investments with us or another party. Now is a good time to set up a meeting for a portfolio review in person or on a virtual video connection.   

If you haven’t seen my seminar on investing in turbulent times from the Toronto Money show check it out here. And, if you are interested in investing in MIC shares here is a seminar I participated in with Manning Elliott Chartered Accountants here. 

We continue to recommend MIC shares and GICs for all investors at this time as a good safe haven in uncertainty due to high interest rates.