SPECTRUMLY SPEAKING
February 2023
Hello!

We hope this newsletter finds you and your family well. It is hard to believe we are already nearing the end of February!

It has been a very busy start to the year for us and it isn't letting up anytime soon! We are easing out of RRSP season and into tax season! If there is anything we can do to assist you in these areas, do not hesitate to connect with us.

We hope you find the articles below of interest. Please feel free to share this with any colleagues, family or friends you feel may benefit from the information. If there are any specific categories or subjects you would like to read more on, please let us know.

Stay warm, stay safe, and stay in touch!

Karen, Richard, Janet & Jeni
Articles of Interest
Looking Ahead:
Inflation Expectations

By looking at factors like trends in labour, experts can somewhat predict where rates are headed. Supply chain issues are resolving, so consumers are able to make discretionary purchases. All indicators seem to be pointing to a desire to return to a 2% level on inflation, unless there is some unexpected factor and Central Banks are prepared to remain restrictive on rates to keep inflation at bay. 
The First Time Homebuyers
Account is a Win-Win

For first time homebuyers, Jamie Golombek can find no wrong with the FHSA! As you will see in this interview, his enthusiasm for the new program is infectious! Starting in April, the plan is a win-win with tax deductible contributions and non-taxable withdrawals. Home buyers can save up to $40,000 over a 15 year period.
If you want to know if this would be a good option for you or a loved one, be sure to reach out to us.
The Power of Compounding

When it comes to investing, the earlier you start, the better. Even a small amount on a regular basis can add up through the power of compounding. As your income increases, don't forget to give yourself a "retirement raise" as well!
It's easy to set up a monthly or bi-monthly contribution to a savings plan - maybe it's time for a young person you know to talk to us about their future? 
The Benefits of Mental Health Days for Kids

Just like adults, children feel anxiety and stress from the pressures of school, friends and family. As more children are experiencing depression and other mental illnesses, the concept of allowing Mental Health Days is becoming more common. Many school boards are supporting non-physical illness excuses to take a day off, and it's allowing kids to recharge mentally and emotionally. 
February Isn't So Bad!

We had to dig hard to find some redeeming qualities in the month of February – other than it’s the shortest month of the year. Turns out, there are many things to celebrate this month -like Pizza, Sticky Buns, Wine, and Science! On top of that, the days are getting longer again; that’s great for our Mental Health.
We even have a whole day devoted to spending time with our families; how can we complain about February with all this to look forward to?
2022 Fall Debt Survey

Is financial worry weighing on your shoulders? You're not alone! This survey shows many people are concerned about their debt, rising housing costs, and inflation. This may make you feel helpless, but you have the advantage of having a plan in place ~ call us if your circumstances have changed, adjustments need to
be made, or if you just need some reassurance. 
Click the infographic to bring up a full-page, printable pdf.
Spectrum Office Updates
You may, or may not have been aware that Worldsource Financial Mgmt was owned by Guardian Capital Group until recently, when it was purchased by Desjardins with the desire to strengthen their life insurance and wealth management sectors across Canada.

Desjardins is the largest cooperative financial group in North American and the 5th largest in the World.

What does this mean for you? Absolutely Nothing

Desjardins has a strong vision and respect for the business WFM has built and plans to continue operations as a stand-alone entity with the shared commitment of independence and the client first approach.
Income Tax Deadline - April 30th
If you have received your T4 and you expect a refund, you may be anxious to file your income tax return for 2022.
While most companies have their Tax slips out by the end of February, some (depending on the investment classification) have until the end of March to do so.
Be sure you have all your slips before filing. Check with us if you need assistance or think you may be missing something.
Financial Markets
Week in Review
For those interested in a deeper look at what happened in the financial markets this past week, this is for you.