Congress Passes Additional COVID-19 Relief
On Monday, December 21, 2020, Congress passed an additional COVID-19 package that contains $900 billion worth of economic relief for numerous government programs across the US, loans for small businesses, vaccine distribution, and a second round of stimulus...
Canal Capital Management has been named to RIA Channel’s Top 50 Emerging RIA list for 2020
We are pleased to announce that Canal Capital Management is a part of the 2020 RIA Channel Top 50 Emerging RIA List. RIA Database® has been producing Top Advisor lists for Forbes for over 10 years. The Emerging RIA list recognizes growing firms under $500 million in...
Listen to our Oct. 2020 webinar on Estate and Tax Planning for a possible Blue Wave.
https://zoom.us/rec/share/psobe-vBd6xkfljgPp0rFqAN_361l9CS0NIUelIxb0DMFjfZ0Dq9cU6dQOsCIwmy.uE1egBSYX_kRS-zJ
A Blue Wave?
The COVID-19 crisis has resulted in the deepest downturn in global economic activity in the post-war era, but almost certainly the shortest recession. US stocks have rebounded over 50% since the March 23rd lows and the S&P 500 is now up over 5% through three...
Election 2020: Estate Planning Opportunities
In 2018, as part of the Tax Cuts & Jobs Act, the gift and estate tax exemption doubled to historic levels – from $5.6 million to $11.2 million. After indexing for inflation, this year the exemption is $11.58 million, $23.16 million for a married couple, and it is...
Election 2020: Presidential Tax Plans
With the 2020 election around the corner, we thought it would be helpful to outline the presidential candidates' tax proposals. While it is difficult to determine which policy initiatives either candidate will eventually pursue, we will continue to monitor and keep...
Canal Capital Named to Inc. 5000
Canal Capital Management is pleased to announce that we have been selected to the Inc. 5000 list for 2020, our third year in a row. This is an annual ranking that consists of the fastest growing private companies in America....
Don’t Fight the Fed
After the S&P 500's worst first quarter on record, the stock market made history with an unprecedented recovery, taking many investors and prognosticators by surprise. Following the market lows reached on March 23rd, the S&P 500 was up 38% through the end of...
Covid 19 – Reflection & Response
We spent many hours at the end of 2019 looking at all the potential risks in the economy and markets and nowhere did we find a global pandemic caused by a bat in China. This quarter was the worst performing 1st quarter in history with the S&P 500 down 35% on March...
CARES Act | SBA EIDL & PPP Loans
As a follow up to our overview of The CARES Act sent last week, the third Federal stimulus bill in response to COVID-19, I wanted to provide you with a quick update on additional guidance recently issued on the two key SBA loan programs available to business owners:...