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Market Watch
Exclusive interview with Larry Berman
Co-Host on BNN Bloomberg - Berman's Call

With the recent market volatility, we sat down with our Chief Investment Officer at QWealth, Larry Berman on the most recent episode of our podcast. He shared great insight on what has been plaguing the markets, and what the outlook is as we move into the second half of 2022.

We asked Larry about the hot button issues at the moment, including Inflation, Interest Rates, and if we are heading into a recession.

Larry also touched on his investment style - and how he is navigating these volatile times.

You can listen to our podcast "Building Wealth On The Go" on your favourite platform, or by clicking here.

Top 5 Items to Check Mid-Year
We've reached the halfway point of 2022 - time certainly flew by.

Now is the perfect time to review your financial plan, catch up on the tasks you meant to do earlier, and plan for those tasks you need to do before New Year's rolls around. Here are some suggestions for you to look at:

1. Trigger Capital Losses/Gains

Given that it has been a rough year, it is an ideal time to consider triggering some capital gains/losses in your non-registered account. A non-registered account is any investment account that isn't held as an RRSP, TFSA, pension, RESP, etc. If your non-registered account holds capital losses, and you have large capital gains that need to be offset, now may be the time to trigger those losses. Also, if you are planning to move money out of your non-registered account and you are concerned about triggering large capital gains, now may be an ideal time as the capital gains will likely be smaller. These strategies are not for everyone so make sure you consult your tax preparer to see if this option is ideal for you.

2. Add to Your RRSPs

Adding to your RRSP as early, even if it is by increasing your regular contributions or adding to your account mid-year instead of at year-end, has three benefits. One, it can help you enjoy your retirement more comfortably by allowing your retirement pool more time to grow. Two, because you are saving earlier, you as less likely to experience the mad rush to squirrel money away a couple of years out from retiring. Three, if you are someone who tops up your RRSP at income tax time, making a deposit earlier in the year will save you from making a large deposit shortly after you paid off your Christmas bills.

3. Top Up Your TFSAs

Annually, the government gives every adult more TFSA contribution room. In 2022, this amount was $6,000. The sooner in the year you top up your TFSA, the longer you are taking advantage of the TFSAs tax sheltering benefits.

4. Earn Grant Money with Your RESPs

If your child(ren) is about to graduate from high school, and you know they are going off to college, university, or an apprenticeship program, take this mid-year point to add to their RESP. You can also get them involved in investing for their future by adding some of their part-time/summer job money into their RESP. Remember, there is a 20% grant on the first $2,500 you contribute every year - and if you missed maxing out previously, the government allows up to another $2,500 of carry forward every year that will also attract the 20% grant.

5. Book your Annual Review

Finally, if you haven't already had an annual review with your advisor, set something in your calendar. You may not have any changes to report, or new goals to discuss, BUT it's important to review your plan at least once a year - there may be timely opportunities you have not considered. Your advisor is a wealth of knowledge, and you are paying them, so don't hesitate to tap into their knowledge.

To learn more about these strategies and more contact us at
KLT Wealth Management.

Courtney Beach, QAFP


Monthly Recipe:

Mustard-Maple Roasted Salmon

2 tablespoons Dijon mustard
2 tablespoons finely chopped fresh cilantro
1 tablespoon light mayonnaise
2 teaspoons pure maple syrup
Four 5-ounce skinless centre-cut salmon fillets
Kosher salt and freshly ground pepper

- Preheat the oven to 400 degrees F. Line a rimmed baking sheet with parchment paper.
- Mix together the mustard, 1 tablespoon of cilantro, the mayonnaise and maple syrup in a bowl.
- Put salmon fillets on the baking sheet and sprinkle with 1/4 teaspoon each salt and pepper.
- Spread the mustard mixture evenly over each fillet.
- Bake until just cooked through, 10-12 minutes.
- Sprinkle with the remaining 1 tablespoon cilantro and serve.

If you don't like cilantro, you can use dill or parsley instead


Thank You
Everyone that participated
and helped raised donations



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Services such as wealth management, financial planning, estate and retirement planning, insurance, group benefits and other are provided by KLT Wealth Management.

Q Wealth Partners is a registered trade name 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. Please visit for more information.


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