May 2020

We hope this email finds you well. The JSK Partners continue to work from home. Our office at 1055 West Hastings Street (suite 2200) is open Monday to Friday from 8am to 2pm, with essential branch staff available. Please let us know in advance if you do need to drop off or pick up anything from the office, so we can make arrangements to have your name added to the visitor list.

Thank you,

Tyler, Neil, Eddie, Wendy, Brenda and Jessica
 

The fastest growing and declining retail brands in 2020

The COVID-19 outbreak has led to the savage disruption of retail the world over. Almost overnight, foot traffic in physical stores disappeared, and supply chains were left scrambled. Now at a major fork in the road, many retailers are forced to make tough decisions that were completely unforeseen.

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TED Talk: Inside the mind of a master procrastinator

We all have trouble with procrastination from time to time. This TED Talk gives an excellent summary of the problem and some possible solutions. We would recommend watching it today… or maybe next week…

Watch now
 

 
Focus on what you control — ensure your powers of attorney are up to date

One thing that the COVID-19 pandemic has shown us is how quickly and unexpectedly circumstances can change. Still, there is a natural tendency to avoid the unpleasant thought of a crisis, including becoming incapacitated. The reality is that anyone can become incapacitated at any age and at any time, whether it’s due to an accident or related to health reasons.

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A reminder about personal tax filing​

As we approach some key personal tax-filing deadlines, we’re available to discuss any questions you may have.

Here is a summary of key dates:

  • Canadians have until June 1, 2020 to submit their 2019 income tax return (extended from the April 30 filing deadline).
  • Self-employed individuals have until June 15, 2020 to submit their 2019 income tax returns.
  • For tax payments and instalments that are due from March 18, 2020 and before September 1, 2020, taxpayers will be able to defer payments until September 1, 2020. No interest or penalties will accumulate on these amounts during this period.
  • The Canada Revenue Agency (CRA) will now accept electronic signatures (rather than actual signatures) as having met the signature requirements of the tax law, as a temporary administrative measure.
     

    

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.