Finandicap and its Team
We are delighted to introduce Miguel Baril, the newest member of the Finandicap team. Holding a Bachelor’s degree in Business Administration with a specialization in Financial Planning from Université Laval, Miguel brings solid expertise in the field of financial management. As a person living with a disability, he fully understands the unique challenges our clients face and is determined to guide them towards financial security, whether for themselves or their children.
We are confident that his personal and professional experience will enhance our ability to offer services tailored to the specific needs of our clientele.
Follow Us on Social Media
The Olympic Games will soon give way to the Paralympic Games. We are fortunate to have three of our clients participating in the Paralympic Games.We will be following them on Finandicap’s social media channels. Congratulations to our athletes who will represent Canada:
- · Anthony Bouchard, para-athletics
- · Élodie Tessier, wheelchair basketball
- · Rosalie Lalonde, wheelchair basketball
You can join us on Facebook and Instagram
Back to School and Strategies to Adopt Between RESP and RDSP
Many parents ask us whether they should save in the RESP (Registered Education Savings Plan) or the RDSP (Registered Disability Savings Plan) for their child. Our answer: it depends on your saving capacity and your child’s educational prospects.
If you have a high saving capacity, it’s possible to maximize both plans until your child turns 30. You’ll benefit from tax-sheltered interest on contributions and grants in the RESP. Eventually, if your child doesn’t use the RESP funds for their studies, you can transfer your investments and interest to their RDSP without any tax implications for you.
However, if your child’s post-secondary education prospects are uncertain and your saving capacity is limited, not allowing you to maximize both programs, a discussion with your representative at Finandicap would be helpful. They will assist you in determining the best solution for your family, considering your saving capacity and your child’s post-secondary education possibilities.
Market Review
Recent economic developments have led to a regime change in financial markets, shifting from a soft-landing perspective to a hard landing scenario. This change is due to several factors, including the slowdown in U.S. economic data and an unexpected rate hike by the Bank of Japan causing financial market disruptions. The U.S. Federal Reserve’s decision not to cut rates has heightened fears of a policy mistake and recession. Markets now anticipate significant rate cuts by global central banks this year. In the face of these fluctuations, it is crucial to adopt strategies such as diversified asset allocation and periodic purchases by fixed amounts averaging to reduce risks and stabilize returns.
Global stock markets, dominated by U.S. equities, are being challenged by declining yields, political uncertainty, and currency fluctuations.
The recent volatility has highlighted the importance of diversification. Bonds have benefited from growing uncertainty, with yields falling and capital flowing into high-quality government bonds. Corporate bonds have also been affected by volatility, although credit spreads remain below long-term averages. To protect against this volatility, we must avoid attempting to predict markets, diversify portfolios, and maintain a long-term perspective. These strategies allow for capitalizing on recovery periods and minimizing losses during downturns.
If you want to confirm that your portfolio meets the recommendations, don’t hesitate to schedule an appointment with your representative.
Community Corner
SOS Garde
Are you having difficulty recruiting home care workers or housekeepers? The SOS garde service can help you find the person you need. Tested by members of our team, they have successfully met their needs.
Share your findings with the community
Do you use or know of services that are useful to you and could be useful to your community? Don’t hesitate to let us know by email at [email protected] or via Finandicap’s Facebook or Instagram pages.