General Housekeeping and What We’re Reading

Key dates, issues and other miscellaneous information we’re watching, and sharing with clients. You’ll also find below noteworthy articles, reports and other writings that caught our eye this month.

Housekeeping

• Reminder: The 2022 RRSP contribution deadline is March 1.  If you make contributions after this date, you will have to claim them as deductions on your 2023 tax return. Meet with an advisor to find the investment options that are right for you.

• Turning 71 this year? Here’s what to expect: If you’re turning 71 and considering converting a registered retirement savings account into a Registered Retirement Income Fund, we are happy to assist. A JCIC client manager will reach out to discuss options.

• New law: On Jan. 1, 2023 the Stock Buyback Excise Tax took effect in the United States. The law levies a 1% tax on public company share re-purchases. Canada will implement a 2% tax on share buybacks in 2024. The laws give a nominal advantage to dividend programs, but do not appear overly material. These are developments we’re monitoring.  
  

Reading List

• On the U.S. Economy: Job Market’s 2.6 Million Missing People Unnerves Star Harvard Economist – Bloomberg

• A New Year Reading List for New and Seasoned Investors Alike: It’s always a good time to revisit some classics that help form the basis of good investing habits. Here’s some titles everyone can take lessons from.
  Please contact us for copy of any of the below:

  • Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!

  • The Wealthy Barber: Everyone’s Common-Sense Guide to Becoming Financially Independent

  • The Richest Man in Babylon

NEWSLETTER

Disclosure

Although we obtain information contained in our newsletter from sources we believe to be reliable, we cannot guarantee its accuracy. The opinions expressed in the newsletter are those of JCIC Asset Management, its editors and contributors, and may change without notice. Any views or opinions expressed in the newsletter may not reflect those of the firm as a whole. The information in our newsletter may become outdated and we have no obligation to update it. The information in our newsletter is not intended to constitute individual investment advice, solicitation and is not designed to meet your personal financial situation. It is provided for information purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor or a group of investors. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. We strongly advise you to discuss your investment options with your Relationship Manager prior to making any investments, including whether any investment is suitable for your specific needs.