Historically, gold has been considered a safe haven and a hedge against currency devaluation, primarily of the U.S. dollar. Similarly, when longer-term U.S. interest rates exceed forecast inflation, the price of gold tends to remain stable or even decline, because if a government bond offers a 4% yield while inflation is 3%, your purchasing power is protected and even increased. The currency therefore retains its value.

Take a moment to read the advice of our Practice Leader, Financial Planning and Taxation, Marc-André Lavergne. While not exhaustive, this list of tips identifies a number of tax plans to consider over the coming weeks.