Home Breadcrumb caret Industry News Breadcrumb caret Industry Top tips from portfolio managers in 2020: Part 2 From tax planning to economic forecasts, industry experts provided insights By Staff | December 21, 2020 | Last updated on December 21, 2020 1 min read Throughout the year, Advisor To Go podcasts and related articles covered a variety of topics, including the effects of the Covid-19 pandemic, currency movements and the U.S. election. Here’s the second part of our editor’s choice top 10. 5. Tips for year-end tax planning This year may require special consideration when it comes to tax planning, given that many Canadians received Covid-19-related income support, said Jamie Golombek of CIBC Financial Planning and Advice. 4. Comparing the current crisis to 2008 As investors licked their wounds in April after the sell-off in response to Covid-19, many investors were comparing the market fallout from the pandemic to the 2008 financial crisis. Last month, CIBC economist Ben Tal called the pandemic-led recession one of “the most abnormal” in history. 3. How consumer stocks have fared in the crisis Equity markets ended the first quarter with their worst performance in more than a decade. While stocks were down across the board, some sectors were hammered less than others. 2. Tax options for pandemic spending From capital gains to wealth taxes, Jamie Golombek broke down the Liberals’ options following the fall economic statement and previewed the 2021 federal budget. 1. Recession is inevitable, but how long will it last? CIBC chief economist Avery Shenfeld shared his outlook for the economy and financial markets as the pandemic began. In a more recent podcast, CIBC economist Katherine Judge explained the uneven economic recovery, leaving some industries struggling more than others. Staff The staff of Advisor.ca have been covering news for financial advisors since 1998. Save Stroke 1 Print Group 8 Share LI logo