SPECTRUMLY SPEAKING
May 2024
Hello!

We hope this newsletter finds you and your family all well and anxious for the coming season where we can hopefully enjoy the vibrant May flowers that come along after all the April showers!


We have compiled a few articles we hope you will find of interest. Please be sure to let us know if there is anything specific you would like more information on, whether it is for yourself or perhaps a family member or colleague.

As always, be sure to reach out to us with any questions or concerns you may have but also to update us on what is new in your life. It is important for us to stay abreast of any changes that could result in planning opportunities or required adjustments. We are here to help in any way we can.

Stay safe, stay positive and stay in touch!
Karen, Janet, & Cathy

Articles of Interest
Budget Highlights
The federal government released its 2024 budget recently. There is a lot to absorb in this lengthy 430 page document. And keep in mind the budget itself has to be debated in Parliament.
We have included one companies summarization of the key areas for you.

Reach out if you have any questions on how these items may affect your particular situation.
Why Broader may be better for Equity Markets
The S&P 500 Index and several other global indexes are trading at all-time highs again, but not every stock listed is participating in the rally to the same extent. 

What’s next for equity markets and this rally, which may be unique from others?
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Guardianship for Minor Children

Estate planning is about looking after yourself and those you care about, now, but also when you are no longer here.

The greatest legacy a parent can provide in their absence, is the presence of a wisely selected substitute through whom the children may learn, achieve, and flourish.
Fun Olympic Facts
The Games of the XXXIII Olympiad take place in Paris, France this summer, exactly 100 years after the 1924 Paris Olympics.
An equal amount of male and female athletes are set to compete, making the 2024 games the first in Olympic history to reach full gender parity.

Here are some more fun facts to get you into the Olympic spirit.
Manulife Advantage

Are you sitting on some savings and want to earn more interest?

Manulife Bank's High Interest Savings is running a great promotion. Reach out to us for more information and get a few more dollars in your pocket.

If you are already using this account, check out this video highlighting 4 great things you may not have known.
The Importance of Intergenerational Planning

Whether your estate is large or small, communication and proper planning between generations is prudent.

Factors that you may need to consider include, but are not limited to: taxes, providing for future education costs, creditors, health expenses, bankruptcy, guardianship, marital instability and possible divorce.

Values and behaviors of subsequent generations may also pose as a concern and may impact your estate planning decisions.

It is important to assess your personal circumstances and weigh the pros and cons of the various estate planning opportunities that may be available given your position.

Let's have a conversation around this and ensure your estate plans are in good order.
Spectrum Office Updates & Tips
Happy 24th
Work Anniversary Janet!

On May 8, 2000 Richard hired Janet Farrell to join the Spectrum team. A brilliant decision!
We are so blessed to have Janet leading our administration, managing our client families and keeping us on our toes!
Thank you so very much Janet for ALL that you do. You are appreciated beyond words !!🍾🏆🌹
Notice of Assessments

With the filing deadline just passed, we would like to remind you to please forward a copy of your Notice of Assessment to us,
when it is available.


We like to review this important document each year, as it provides us with a lot of essential information and quite often we can either catch an error
or offer beneficial planning suggestions.
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.