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Market Watch
We saw the markets test some lows for 2022 towards the end of January. While we saw a slight rebound to close out the month, many of the market indexes closed out down in January between 5-9%. We saw a further bounce back in the first 10 days of February, but have since seen a lot more volatility and even pressures of retesting the January lows.

Interest rates and inflation continue to be a hot issue. While we saw the central banks hold interest rates at the end of January, they signaled that multiple rate hikes are not too far away, and many are speculating that the first hike could come as soon as March 2nd.

Lots of news and concern surrounding the potential Russian invasion of Ukraine and fears of war has had an impact on the markets. If the concerns surrounding this conflict continues or the situation escalates, we could see the markets break through and test new lows. This will likely continue to be a sensitive issue triggering short term volatility.

Brad Wilson

Time to gear up for Tax Season!

Taxes are a fact of life! Whether it’s due to earning an income, making a purchase, owning real estate, investing, running a business, or transferring your estate, life is full of tax implications.

While the Income Tax Act was created specifically to ensure that everyone pays their fair share it also affords all taxpayers the right to organize their financial affairs in such a way to minimize their taxes whenever and however possible within the legal confines of the Act.

And that is the primary objective of tax planning...

Seek the guidance of a financial professional with experience in income and investment planning strategies for minimizing personal income taxes.

The KLT Team are here to provide you that personal guidance.

“A person doesn’t know how much he has to be thankful for, until he has to pay taxes on it”
Ann Landers


Tax Season Humour!
Why did the accountant cross the road?

So he could claim it on his travel expenses!


Monthly Recipe:

Cowboy Chili

•  3/4 lb Ground beef, lean
•  2 cloves Garlic
•  1 tsp Oregano, dried
•  1 (15-ounce) can Pinto beans
•  1 (15-oz) can Tomatoes, stewed
•  1 Yellow onion, medium
•  1 cup Beef broth
•  1/8 tsp Cayenne pepper
•  2 tbsp Chili powder
•  1/2 tsp Salt
•  1 tsp Cumin, ground (if, desired)

1. Cook the ground beef, garlic, and onion in a large saucepan over medium heat. Stir for 10 minutes, or until beef is browned. Spoon out the liquid
2. Stir in the tomatoes, broth, chili powder, oregano, cayenne pepper, and cumin 
3. Reduce the heat to low and cover the saucepan. Let the chili simmer for an hour, stirring occasionally
4. Add in the beans and salt. Stir, and simmer for another 20 minutes. Serve in bowls. Enjoy!

The above is a basic recipe,
but you could try any of these tips:

• Add more Cayenne, if you like your chili spicier – or some jalapeno peppers - remember, you can always add, but you can’t take away!
• It doesn’t have to be ground beef.  You can use – ground turkey, chicken, Italian Sausage, or Chorizo
• To make it hardier you could add vegetables like – carrots, corn, mushrooms, etc.
• The recipe says pinto beans, but you could also use kidney, or black beans or a combination. Just make sure to rinse and drain them well first
• You could add beer as a flavour enhancer!
• You can make it thinner by adding more liquids or thicker by taking the lid off and letting the liquid naturally evaporate 
• Then Dress it up – Chili isn’t complete without sour cream, cheese, and chips!


Coldest Night of the Year


KLT Wealth Management was proud, once again, to support the Coldest Night of the Year Fundraiser which took place on February 26th.

Together, we helped contribute to the $33,000 raised in donations for our local Wilmot Family Resource Centre. And nationwide, this event raised $11 Million Dollars for charity partners who serve and support vulnerable families and individuals.

Thank you for everyone’s support.




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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.