A WORD FROM THE PEMBROKE TEAM
In this issue, we are introducing the new quarterly format that the Pembroke team will use to keep you informed about our perspective on the markets, the performance of our strategies, and our active portfolio management process.
This new format begins with the Investment Commentary Outlook Series, in which the team discusses current market trends. This series also provides an opportunity to explore specific topics in more detail. In our current article, When Information Is Plentiful, Discipline Matters Most, we discuss the challenges of short-term market prediction and dealing with an overabundance of information.
With the Strategy Performance Commentary, we have combined what used to be five articles into one. The aim is to provide you with a better overview of the progress of our strategies.
We are also introducing the Active Investment Series. These articles are intended to offer you insight into the decision-making processes of the Investment Team. These processes are there to ensure that your money—and our money as investors in the same strategies—grows in the long term.
Sincerely,
The Pembroke Team
IT IS A MARATHON, NOT A SPRINT
As the Winter Games in Italy draw closer, attention across the sporting world is sharpening. For athletes, coaches and national programs, this is the phase where preparation becomes more deliberate and choices more consequential.
While Pembroke is not an Olympic sponsor, we are proud to support Canadian athletes and the organizations that develop them, both on and off the world stage.
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REGISTERED ACCOUNT LIMITS FOR 2025 AND 2026
Tax-Free Savings Account (TFSA): $7,000 for 2026. Unused contribution room carries forward indefinitely, providing flexibility for larger contributions in the future.
Registered Retirement Savings Plan (RRSP): The contribution limit for 2026 is the lesser of 18% of your previous year’s earned income, or the government-set annual limit of $33,810. For 2025, the limit is $32,490. If you did not contribute up to your limit in previous years, you can carry over any unused contribution room. The deadline to contribute to your RRSP for 2025 is Monday, March 2, 2026.
First Home Savings Account (FHSA): $8,000 per year, with a lifetime limit of $40,000. Unused contributions can be carried forward.
If you have not already contributed up to your RRSP limit for 2025, we would like to remind you that the deadline to contribute is Monday, March 2, 2026.
Please note that if you wish to make a contribution, Pembroke must receive your request before 3:00 PM (ET) on March 2nd in order for the transaction to be processed.
DISCLAIMER
This report is for the purpose of providing insight into Pembroke and the Pembroke strategies. Past performance is not indicative of future returns. Any securities listed herein, are for informational purposes only and are not intended and should not be construed as investment advice nor is it a recommendation to buy or sell any particular security. Factual information has been taken from sources we believe to be reliable, but its accuracy, completeness or interpretation cannot be guaranteed. Pembroke seeks to ensure that the content of this document is correct and up to date but does not guarantee that the content is accurate and complete and does not assume any responsibility for this. Pembroke is not responsible for decisions or actions taken or made on the basis of information contained in this document.
