Performance figures for each account are calculated using time weighted rate of returns on a daily basis. The Composite returns are calculated based on the asset-weighted monthly composite constituents based on beginning of month asset mix and include the reinvestment of all earnings as of the payment date. Composite returns are as follows:

The Taxman

The Taxman, by John Nicola

The Bank of Canada’s recent announcement that higher-than-expected inflation is here to stay, at least for now, has investors concerned about the inevitable consequences. In combination with the current and potentially changing tax environment, millions of people could see a significant change in their quality of life.

In the latest edition of our COMPASS newsletter, CEO & Chairman John Nicola weighs in on the current and future economic landscape. He answers crucial questions about inequality levels and their influences, Canada’s current standing compared to the world, the potential of higher taxes, and what you can do to improve your tax structure.


This material contains the current opinions of the author and such opinions are subject to change without notice. This material is distributed for informational purposes only. Forecasts, estimates, and certain information contained herein are based upon proprietary research and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. All investments contain risk and may gain or lose value. Please speak to your Nicola Wealth advisor for advice based on your unique circumstances. Nicola Wealth is registered as a Portfolio Manager, Exempt Market Dealer and Investment Fund Manager with the required provincial securities commissions.