Best Wishes for Your Summer Vacations!

We hope this newsletter finds you well and enjoying the summer season. We recently had the pleasure of camping in the picturesque regions of southern Saskatchewan and the West Country of Alberta. The natural beauty and peaceful environment were a wonderful break from our busy schedules.  We had a great time at the Gulls Game earlier this summer.  It is always great to connect with friends and their families.  We look forward to similar events in the future, if you have any ideas and want to share please let me know. 

I hope that you get to enjoy some time with your family in your favourite spots.  The recent fires in Jasper and northern AB are devastating and our thoughts are with all those affected.  The Red Cross has a 2024 Alberta Wildfires Appeal if you are interested in donating.

Bank of Canada Interest Rate Cuts

The recent interest rate cuts by the Bank of Canada have significant implications for mortgage rates. Both fixed and variable rates are expected to decrease, providing an opportunity for homeowners and buyers to secure more favorable loan conditions. Many renewals of mortgages are coming off historically low rates, this is a strategic time to review your mortgage options.

Fiduciary Trust Company of Canada's Quarterly Update

Stay informed with the latest insights from the Fiduciary Trust Company of Canada by reviewing their Quarterly Update. It offers valuable perspectives on market trends and investment strategies.

Schedule a Review Meeting

We encourage all clients to schedule a review meeting with their portfolio manager. These meetings are crucial for ensuring your financial plans align with your current goals and market conditions. Please contact our office to book your appointment. Please call Ed at 403-341-5899 or select a time here.

Navigating Recent Changes in Capital Gains Tax

We have been meeting with legal and tax professionals to understand the recent changes in the capital gains inclusion rate. These changes may impact business transfers and estate plans. We are reviewing the implications to you within the context of your financial plan we are here to help you navigate these complexities effectively.

Upcoming Tool for Secure Financial Information Storage

We are excited to announce that we are exploring a revolutionary tool designed to securely store, transmit and protect your financial, tax, and estate information. This tool will offer customizable access permissions for executors, attorneys, beneficiaries, children, lawyers, bankers, and accountants. More details will be shared as we approach a potential launch this fall.

Regulatory Form Updates

LifeLegacy is in the process of updating our regulatory forms. We will be reaching out to clients for necessary signatures to ensure compliance and the smooth continuation of our services. Let us now if you prefer to sign these forms in person at your next meeting or if you want to receive the forms electronically?  Please complete this form

Fall Client Event

Our fall meeting schedule is filling up quickly, so let us know your availability to next meet.  We are also planning a special event.  We are hoping to arrange in-person commentary by the Estate and Trust team of Fiduciary Trust and the Portfolio Management Team. If you have any topics you want included, please let us know.  More details will follow.

Contact Us

If you have any questions or need assistance, please do not hesitate to contact our office. We are here to help you achieve your financial goals and provide peace of mind.

All the Best!!

Ed