Richardson GMP
MARCH 2015

By now most of you will have received a 2014 Tax Document Checklist. This is the first year these have been provided and we’re hopeful they will simplify and clarify which slips you can expect to receive and the timing. We welcome any feedback you may have, and hope we can make the experience even better going forward. We do anticipate there will be a few slips missing from the checklist.

Here is the link to “Your Guide to 2014 Income Tax Reporting”.

Resist the Rate — Hike Huff

In June 2013, then-Federal Reserve Chair Ben Bernanke hinted the time to “moderate” quantitative easing was approaching. The press called this “tapering”. The Fed would end QE gradually, by slowly shrinking its asset purchases rather than going cold turkey. What happened? Within a week, US equities had sold off about 5% and the 10-year Treasury yield shot up about 40 basis points, from 2.2% to 2.6%.

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Dwight’s trip to Guatemala

Three years ago, my wife and I made a charitable donation to help fund AGUDESA, a micro-finance lender in Guatemala. Last month, I visited Guatemala to see how our donation had been deployed, and to better understand micro-finance lending. My trip was eye-opening, heart-wrenching, and inspiring at the same time. Click below to read about life in the Western Hemisphere’s poorest country (with over 56% of the population living in poverty), and how the power of the human spirit can lift people beyond their humble circumstances.

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Book review: The Goldfinch

Review by Jessica

I just finished reading The Goldfinch by Donna Tartt for my book club. It begins with Theo Decker, a 13-year-old New Yorker, whose world is turned violently upside down. While on a trip to the Metropolitan Museum of Art with his mother, a terrorist bomb goes off, killing her and many other innocent bystanders.

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Dwight Jefferson, CIMA®
Senior Vice President
Portfolio Manager
Tel.: 604.640.0555 • Email

Tyler Steele, CFA
Senior Vice President
Portfolio Manager
Tel.: 604.640.0554 • Email

Paul Rietkerk, CIM, FMA
Associate Portfolio Manager
Tel.: 604.640.0562 • Email

Neil Kumar
Associate Investment Advisor
Tel.: 604.640.0406 • Email

Wendy Lloyd
Tel.: 604.640.0556 • Email

Jessica Dewey
Tel.: 604.640.0405 • Email

Brenda Geib, BA
Tel.: 604.640.0559 • Email

Richardson GMP Limited
500 – 550 Burrard Street
Vancouver, BC V6C 2B5

Toll Free: 1.866.640.0400
Fax: 604.640.0300

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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 GMP 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. The comments contained herein are general in nature and are not intended to be, nor should be construed to be, legal or tax advice to any particular individual. Accordingly, individuals should consult their own legal or tax advisors for advice with respect to the tax consequences to them, having regard to their own particular circumstances. Insurance services are offered through Richardson GMP Insurance Services Limited in BC, AB, SK, MB, NWT, ON, QC, NS and PEI. Additional administrative support and policy management are provided by PPI Partners. Richardson GMP Limited is a member of Canadian Investor Protection Fund. Richardson is a trade-mark of James Richardson & Sons Limited. GMP is a registered trade-mark of GMP Securities L.P. Both used under license by Richardson GMP Limited.