December 2019

Welcome to the December edition of our monthly newsletter. As you are no doubt busy preparing for the holiday season, we are busy ensuring that all of the considerations surrounding the end of another tax year are handled on your behalf. We would like to take this opportunity to point out a couple of housekeeping matters:

Holiday office hours

December 27th is the last trading day in Canada and the US for equity market transactions to settle in 2019. Canadian and US markets will be closed Christmas Day and New Year’s Day. Canadian markets are also closed on December 26th.

The JSK Partners office will be closed from 11am on December 24th through to January 1st. We will have staff available for contact by phone during this time at our regular numbers, should you have an urgent matter.

We wish you the very best for the holiday season, and hope that you have the opportunity to spend some quality time with family and friends!

All the best,

Tyler, Neil, Eddie, Wendy, Brenda, Jessica & Heather

Using Life Insurance to accumulate and transfer wealth

Many are not aware that Life Insurance can be used as an effective way of accumulating and transferring wealth. The Family Wealth Transfer Plan is not unlike other permanent insurance strategies that transfer non registered savings from a tax exposed investment to an exempt life insurance policy. What makes this concept different is the owner of the policy is purchasing life insurance on a child or grandchild.

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Is Die Hard a Christmas movie?
Pick your side.

'Tis the season: the halls are decked with boughs of holly, children dream of Santa, and there's peace and goodwill toward all — unless we're arguing about whether or not Die Hard is a Christmas movie.

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Barney Bentall and the Cariboo Express—an evening to remember!

Walking in, I knew it would be a powerful evening. Barney Bentall was great friends with John Mann from the beloved Vancouver band Spirit of the West, who’d passed away just days before. I’m sure it wasn’t easy for any of them, but they played Venice is Sinking in a huge, family-style sing-a-long that both honoured and would have surely delighted John Mann and his family.

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Behavioural finance podcast

Investing is a highly emotional endeavor given it relates to our future wellbeing. The question is, can you recognize when your biases are negatively impacting your investment judgement?
In this episode of Conversations on Wealth, Sarah Widmeyer speaks with Chief Investment Officer Craig Basinger to learn about some common investment biases, what to be aware of when investing and, most importantly, what kinds of decision-making processes to avoid as an investor.

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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. Insurance services are offered through Richardson GMP Insurance Services Limited in BC, AB, SK, MB, NWT, ON, QC, and PEI. Additional administrative support and policy management are provided by PPI Partners. Richardson GMP Limited, Member Canadian Investor Protection Fund. Richardson and GMP are registered trademarks of their respective owners used under license by Richardson GMP Limited.