October 2022

Donations as a useful tax strategy

Cash gifts are the simplest way to give — the donor will receive a tax receipt for the amount donated, which provides a tax credit to reduce the total tax payable in the year you make the donation.

Gifts of Publicly Listed Securities, on the other hand, offer an effective way to maximize charitable giving while minimizing tax burdens.

Here is a case study example showing a comparison of the two.

Please contact us by the end of November if you are interested in donating securities for the 2022 tax year. We want to make sure the gift to your charity of choice is received in time. 

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Animation: Visualizing Berkshire Hathaway’s Portfolio Since 1994

This video shows 30 years of Warren Buffett's investments, showing what his holding company, Berkshire Hathaway, has invested in since 1994.

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Why traditional life insurance may be a more comprehensive mortgage protection option

Whether you’re taking out your first mortgage or renewing, there’s a great deal of value in getting some form of life insurance. It’s vital to ensure your mortgage is paid should you or your significant other pass away. There’s no doubt you’ve spent significant time looking for the perfect house and tracking down the best mortgage rate. Similarly, it’s important not to rush the insurance decision.

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Enhancing our technology capabilities  

Richardson wealth’s next step in technology: transitioning to Fidelity Clearing Canada’s uniFide™ platform

Last year, we sent out a letter to you announcing an exciting strategic agreement with Fidelity Clearing Canada ULC (Fidelity). Simply put, what this means is that Richardson Wealth will use Fidelity’s best-in-class technology platform, uniFide™, to enhance our processes and systems. Fidelity will also become our carrying broker, providing custody, clearing and trade settlement services. 

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Barney Bentall & the Cariboo Express concert in support of Potluck Café Society

The 16th annual Barney Bentall & the Cariboo Express concert in support of Potluck Café Society will be held at the Vogue Theatre on Saturday, November 19, 2022!

This year marks Richardson Wealth’s 10th year of sponsorship and JSK Partners’ 7th year of direct sponsorship of this fun and powerful evening. The musical ensemble of Barney Bentall and the Cariboo Express, including Barney’s son Dustin and many other talented performers, is an unforgettable experience.  

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The opinions expressed in this report are the opinions of the author and readers should not assume they reflect the opinions or recommendations of Richardson Wealth Limited or its affiliates. Assumptions, opinions and estimates constitute the author’s judgment as of the date of this material and are subject to change without notice. We do not warrant the completeness or accuracy of this material, and it should not be relied upon as such. Before acting on any recommendation, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice. Past performance is not indicative of future results. Insurance services are offered through Richardson Wealth Insurance Services Limited in BC, AB, SK, MB, NWT, ON, QC, NB, NS, PEI and NL. Richardson Wealth is a trademark of James Richardson & Sons Limited, used under license.