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Market Watch
In the last month, the rumored Russian invasion of Ukraine did in fact take place. Our thoughts go out to everyone who has been affected by this and especially everyone living in Ukraine. As of this update on March 17th, Russia is still at war in Ukraine. In recent weeks, many NATO countries have taken significant action with various sanctions which has significantly hindered the Russian economy. It is unsure of when this will end, and ultimately what the result will be, but Russia is feeling the pressure. There have been talks between Russian and Ukraine on coming to a peace agreement, but it is too early to tell if any progress has been made.

On the popular topic of interest rates, we have seen both the US and Canadian central banks raise rates for the first time since they dropped rates at the start of the pandemic. This is most likely the first of multiple rate hikes this year, and we could even see a jump of 0.5% at the next central bank meeting. Immediately we saw an impact in mortgage and lending rates, and as we progress throughout the year, we will see how much of an impact this will have on company valuations and the housing market.

Brad Wilson

Tax Season!

At its core, tax planning is the process of organizing your finances in such a way to take advantage of the many rules that allow you to maximize the amount of income you keep each year or defer into the future.

While the process is essentially the same for any taxpayer, it may entail different types of tax strategies depending on your particular financial situation.

Strategies for deferring or splitting income, deferring or maximizing retirement contributions, capital gains or losses, property ownership, charitable giving are applied differently in each situation, so they must be developed specific to your needs.

Seek the guidance of a KLT financial professional with experience in income and investment planning strategies to help you minimize your personal income taxes.

Taxes are Due April 30th!


Tax Season Playlist!
• Money, Money, Money – ABBA
• Money - That’s What I want” – Barrett Strong
• Money Changes Everything – Cindy Lauper
• She Works Hard for the Money – Donna Summer
• Takin’ Care of Business – Bachman-Turner Overdrive
• Tax Man – The Beatles
• I Will Survive – Gloria Gaynor


Monthly Recipe:

Italian Easter Bread

1 1⁄4 cups milk
1⁄3 cup unsalted butter, cut into small cubes
2 1⁄4 teaspoons rapid rise instant yeast, 1 package
1⁄8 teaspoon kosher salt
1⁄2 cup granulated sugar
2 large eggs, beaten
4 cups all-purpose flour, divided, plus more for kneading 1 large egg, beaten plus 1 teaspoon water
3 dyed easter eggs, raw or hard boiled (optional)
colored sprinkles (optional)

  • In a small saucepan, add milk and butter. Stirring until the butter melts.
  • In a large mixing bowl, combine yeast, salt, and sugar. Add the eggs and whisk together. Add the warmed milk and butter mixture. Add 2 cups of flour.
  • Attach a dough hook to a stand mixer and combine on medium speed until smooth, about 2 minutes. Scrape the sides with a spatula as needed to incorporate the flour.
  • Slowly add the remaining 2 cups of flour to the mixer on medium-low speed and scrape the sides as needed. Knead until the dough is stiff and slightly sticky, about 12 minutes.
  • Place the dough on a lightly floured board and hand knead for about 3 to 4 minutes, adding a little more flour to prevent sticking. Do not use more than 1⁄4 cup of flour.
  • Shape dough into a ball, cover with a dish towel and allow to rest for 10 minutes.
  • Divide into 6 pieces. Roll each piece to form a 1-inch wide rope, about 14-inches long.
  • Taking 2 pieces, braid the rope, pinching the ends together and then loop into a circle. Make sure the ends are securely joined together.
  • Place on a parchment-lined baking sheet (2 per sheet), providing enough room to rise.
  • Loosely cover the baking sheet with plastic wrap or a dish towel and allow to rise in a warm area, until it doubles in size, 45 to 60 minutes.
  • Preheat the oven to 350°F (177oC). Set the rack in the middle position.
  • Whisk together the large egg and 1 teaspoon water. Brush each braided bread with the egg wash.
  • If desired, top the bread with sprinkles.
  • Gently place one dyed egg in the center of each braided ring. Do not press into the dough, it will sink as it bakes.
  • Bake one tray at a time until golden brown, approximately 15 to 18 minutes.
  • Quickly transfer the baked bread to a cooling rack.

The recipe makes 3 Easter bread rings.
Six smaller rings can be made, adjust baking time accordingly.
Raw or hardboiled and dyed eggs can be used. Raw eggs will be softboiled after baking.


Have a Happy Easter!

May this Easter have many sweets in your life ... The sweet smile of those who love you, the sweet joy of having bread on your table and the sweet hope of a future of peace and prosperity.

“Easter is the only time when it’s perfectly safe to put all of your eggs in one basket.”
– Evan Esar



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KLT Wealth Management is a partner division of Quintessence Wealth. Portfolio Management services are provided by Quintessence Wealth. Services such as financial planning, estate and retirement planning, are provided by KLT Wealth Management.

KLT Wealth Management and Q Wealth are trade names of Quintessence Wealth, a registered Portfolio Manager in Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, Prince Edward Island, Quebec, and Saskatchewan, an Investment Fund Manager in Newfoundland and Labrador, Ontario, and Quebec, and an Exempt Market Dealer in Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, Quebec, and Saskatchewan. The Ontario Securities Commission (OSC) is the principal regulator for Quintessence Wealth.