Is it wise to try to time the market? No one has the crystal ball that allows them to identify just when the stock markets of the world will move in one direction or the other. We believe that it is buying the right businesses, not buying at the right time that counts. Wealth is created universally through business ownership, not timing the market. Click To Read - What should you do if the stock market goes down?

Get Ready To File Your 2016 Income Tax ​Filing Deadline For 2016 returns: April 30, 2016 Latest: May 1, 2017 Self-employed: June 15, 2017 Earliest Online Filing Date: February 20, 2017

TFSA OR RRSP? YOU CAN BENEFIT FROM BOTH. You don’t need to choose one plan over the other. Both allow you to hold a wide range of qualified investments, including cash, mutual funds, government and corporate bonds, GICs and publicly traded securities. How you allocate your investments between the two plan types depends on your overall investment goals and your current tax rate versus your expected future tax rate. COMPARING TFSAs AND RRSPs Investors who are saving for their future through an RRSP often wonder which one is better: TFSAs or RRSPs. The answer is both are savings vehicles that can help you build wealth over the long term. They complement each other within a comprehensive financial plan. A TFSA can be used to meet both your short- and long-term goals. An RRSP is an ideal way to save for your retirement.

Toronto-based Echelon Wealth Partners Inc. announced on Tuesday that it has completed a $27-million initial financing deal with Toronto-based Peerage Capital Canada Ltd., which was founded by Miles Nadal. Echelon Wealth Partners is an independent wealth-management and capital markets firm with approximately 80 investment advisors and portfolio managers. It has more than $4 billion of assets under administration and management. "We are delighted to have Peerage Capital and Miles Nadal as financial partners," says David Cusson, Echelon's CEO, in a statement. "They have a demonstrated track record of identifying long-term opportunities and partnering with entrepreneurial management teams to build businesses with cultures that attract and retain top calibre talent."  Echelon has been on a trajectory of growth in recent months. The firm, which used to be known as Euro Pacific Canada, completed its acquisition of Dundee Goodman Private Wealth, a division of Toronto-based Dundee Securities Ltd., in April. The transaction included the movement of 72 investment advisors and related support teams as well as Dundee Goodman's separately managed account program and some of its fixed-income, foreign-exchange and insurance businesses. "At Peerage Capital, we have a unique talent to partner with unique talent," says Nadal in a statement. "We are privileged to be an equity partner and capital provider to Echelon Wealth Partners and to help reinvent the wealth-management industry and create the leading independent investment management firm in Canada." Peerage is a private equity firm that has been in business for more than 35 years. It touts itself as providing liquidity, liquidity, continuity of management, autonomy, and strategic resources to businesses in the real estate and financial services sectors.

The Canadian economy continues to adjust to low commodity prices. The reallocation of investment and employment from the resource sector to the non-resource sector is progressing. Starting in the second half of 2016, real GDP is expected to increase at a rate that exceeds potential growth, driven by solid US domestic demand growth and federal infrastructure spending and other fiscal measures (Table 2). The outlook for real GDP is also supported by accommodative monetary and financial conditions and the past depreciation of the Canadian dollar. While the fundamental elements of the growth projection are similar to those presented in April, the forecast for real GDP growth has been revised down. Downward revisions to investment and exports more than offset the positive economic effects of the recent increase in oil prices. The output gap is expected to close somewhat later than forecast in April, toward the end of 2017. The Bank expects inflation to average close to 2 per cent throughout 2017 as the output gap narrows.

Please be advised, Canada Post may potentially go on strike. We are informing you of this possibility as this may impact you as a client of Echelon Wealth Partners in terms of delivery of; - Client Statements - Trade Confirmations - Client Cheques What can you do to prepare ?  1. Enroll for E-Document solution . This will allow you to access the Monthly Statements and Trade Confirmations online. 2. If you currently receive a cheque from a recurring event (ie RRIF payment, Automatic Withdrawal) or through ad-hoc requests, please consider switching your payment method to an Electron Fund Transfer EFT to ensure you receive your funds through a direct deposit to the bank. We will provide additional information as it becomes available. Should you have questions please do not hesitate to contact us. #market #inflation