March 2020

A message from JSK Partners

As you are likely aware, all of our team members are working from home right now. If you need to drop off or pick up a cheque or paperwork, our office at 1055 West Hastings is open, but with reduced staff and hours. Currently the hours are Monday to Friday, 9am to 1 pm, but it’s best to contact one of us first to make arrangements, as the hours are subject to change.
 
A couple of other things to note while our team works from home:

  1. If you call one of us it will ring through to our phones at home. However, we cannot see each other’s lines ringing and we have been experiencing a slight lag on the rings. If you get our voicemail, please do not give up. Leave a short message and it will appear in our email inbox and we will call you back as soon as possible.
     
  2. If you make requests for documents, our systems are running slower than usual, so please be patient and we will do our best to get the information to you in a timely manner.

Thank you,
 
Tyler, Neil, Eddie, Wendy, Jessica and Brenda
 

 
A Bellowing Bear (Market) — QV Update

Global markets have entered bear market territory — a sentence that can be written for the first time in over a decade as the longest bull market in history has come to a screeching halt. Year-to-date the TSX Composite (CAD), S&P 500 (USD) and QV’s global benchmark (in USD) are all down at least 20% (a “bear market” is typically defined as a 20% drawdown from the recent peak). The swift onset of this bear market is unlike any that has come before…

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Tax updates in the wake of COVID-19

We wanted to once again share the important updates announced by the Federal Government, including measures impacting the 2020 tax-filing season. 
 
These measures have been introduced to assist many Canadians through the COVID-19 pandemic. Details continue to be updated and refined by the government; therefore, please also refer to the government website for up-to-date information.

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Administrative matters

Please contact Brenda, Jessica, or Wendy if you would like to access your Richardson GMP account(s) via our online client portal, MyRichardsonGMP. They can also assist with setting up or updating electronic fund transfers, which will allow us to send funds to your bank account securely.
 
Also, if you would like to deposit funds to your Richardson GMP account(s), you can do so through online banking by setting up Richardson GMP as a payee (instructions). 

    

The opinions expressed in this report are the opinions of the author and readers should not assume they reflect the opinions or recommendations of Richardson GMP Limited or its affiliates. Assumptions, opinions and estimates constitute the author's judgment as of the date of this material and are subject to change without notice. We do not warrant the completeness or accuracy of this material, and it should not be relied upon as such. Before acting on any recommendation, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice. Past performance is not indicative of future results. Insurance services are offered through Richardson GMP Insurance Services Limited in BC, AB, SK, MB, NWT, ON, QC, and PEI. Additional administrative support and policy management are provided by PPI Partners. Richardson GMP Limited, Member Canadian Investor Protection Fund. Richardson and GMP are registered trademarks of their respective owners used under license by Richardson GMP Limited.