09/13 FiscalAgents.com Money Management Newsletter

4 jahre vor


Text only:

Problems viewing this email? Use this link to load the newsletter in your web browser.

September 2013,
Issue 106
Buyer beware - life insurance application forms containing misstatements can be financially devastating, and all for naught!

An Ontario court has ruled that an insurance company was within its rights to deny payment of life insurance benefits to the widow of man who died of brain cancer but failed to disclose unrelated health issues on his insurance application.
Use
the Read
More
link to view the complete article.


Tax Tip - Lock in arrangements by September 30 to maximize the benefits of family income splitting loans

Although the CRA has not yet made an announcement, the CRA prescribed loan rate will be increasing to 2% from the current 1%, effective October 1, 2013. The prescribed rate is determined quarterly using the simple average of three-month Treasury bills for the first month of the preceding quarter, rounded up to the next highest whole percentage point. In July, the 90-day T-bill rate edged up over 1% and therefore, the prescribed rate for the fourth quarter will be 2% according to government policy. This will be the first prescribed rate increase in years, and it will affect the minimum rate to be charged on income-splitting loans to spouses or common-law partners and family trusts made after September 30.
Use
the Read
More
link to view the complete bulletin.


Thinking about your retirement plans?
Not sure where to start?

To help you with part of that question, we have a small but concise booklet/worksheet created to help you start the process. The first question on everybody's mind when starting is, "Do I/we have enough money to survive"? This is best answered when you know the day you're leaving this world for the next - a tongue in cheek statement at best, but normally the first question to try to answer.
Use
the Read
More
link to view the complete bulletin.


Managing your personal borrowing

Canadian household debt levels have reached record highs as rising home prices, low interest rates and an economy that has fared better that other G8 countries have helped to put Canadians in a borrowing mood. But when interest rates inevitably rise, will that debt still be manageable?
“Debt should never be taken lightly,” says Chartered Accountant Tina Di Vito, Director of the BMO Retirement Institute with BMO Financial Group in Toronto. “Even though it allows you to purchase something you wouldn’t otherwise be able to afford to buy, a loan is not an asset. It is a debt that must be repaid.”
Use
the Read
More
link to view the complete article.


8 ways to save money – when you don’t have much

In today’s world, the pressure to spend can be overwhelming. But saving money, even if you don’t have much of it, is key to your short- and long-term financial well-being. Here are some tips to help you get started from The Institute of Chartered Accountants of Ontario.
Use
the Read
More
link to view the complete article.


Understanding some of your Retirement Income Options

If the doorway of retirement is within this year, or a few years ahead. Understanding your options is fundamental to converting your retirement savings into a secure retirement income. The variety of options or combinations offered today, allows you to mix and match. Deferred income and or continued savings into an individual investment plan while designing it to meet your needs.
Use
the Read
More
link to view the complete article.


Thinking about reshaping your GIC portfolio?
The path to Consolidation: The mix and matching process

Are your GICs or fixed term RRSP deposit portfolio’s becoming more complicated and challenging to manage? Early consolidation is especially important if your RRSPs funds are to be converted into income producing RRIF accounts. In some cases this process may need a lead-time of 5 years prior to retirement.
Use
the Read
More
link to view the complete article.


Taking steps towards GIC consolidation
Downloadable Worksheet

If the previous article was of interest to you, why not try out our handy downloadable worksheet for planning out your future moves towards consolidating your GIC portfolio?
Use
the Read
More
link to view the complete article.


How Much Should You Be Saving For Retirement?

A recent study found that pension plans were the benefit least understood by employees. Pension plans--whether government administered CPP and OAS, company sponsored plans, or private RRSPs--are confusing and complex. But understanding them is crucial to every Canadian's financial security in retirement. Many employees unnecessarily crimp their lifestyle spending because they do not understand the level of retirement security their pension plans guarantee.
Use
the Read
More
link to view the complete article.


Vacation properties and capital gains - remember to track your costs

As most Canadians know, the capital gain that you may realize when you sell your home is exempt from tax. Under our tax rules, a family unit (generally you, your spouse and your minor children) can exempt a gain from one residence only (before 1982, each taxpayer in a family could exempt one property that they own). If you or your family unit owns more than one property, this means that some tax will be payable on the gain from one property when it is sold. Often, tax is paid on the sale of the property with the lower value (on the assumption that the gain is lower on that property) and this property is often the vacation property.
Use
the Read
More
link to view the complete bulletin.


Stuck substituting brand-name prescription drugs for generics, because of cost?

If the issue of cost is forcing your hand to generic drugs instead of the original product that you would prefer, some of the pharmaceutical companies have banded together to provide discounts on 41 of their brand-name products, via a service called Innovicares.ca.
Use
the Read
More
link to view the complete bulletin.


Today's
Market Rates
 
Taken from the FiscalAgents.com
Money Centre
, as of 13/9/13
Term
Deposits
1.65%
Annually,
270-364
Days, $5,000
GICs
2.91%
Annually,
5 Year, $1,000
Maximum
Rate
2.91%
Annually,
5 Year, $1,000
RRIFs

3.275%


Annually,
10 Years, $100,000
RRSPs
2.90%
Annual,
5 Year, $1,000
TFSAs
2.91%
5 Year, $1,000
Savings
a/c
1.55%
Daily
Click the link below to view our best-offered rate table.
  The Best of
our Best

See what your
savings can earn!
Why settle for what your local bank branch is offering? (Click for a comparison)
At Fiscal Agents, we use our GIC buying power to gain higher deposit rates from financial institutions -
including some of Canada's major banks - and pass these top rates on to you!
Call Fiscal Agents,
Your no-fee deposit broker.
Local 905-844-7700 or Toll-Free Number:
1-866-434-7225
Mutual
Fund Statistics:
July 2013
Assets
under management:


$924.4 billion


Net
sales
(excludes reinv.distr.):
$2.15 billion
Subscribe!
 
Was our newsletter
forwarded to you by a friend? You can sign up to receive our newsletter every
month from our website's newsletter subscription section.
 Subscription
Section

The
Money
Management Newsletter

Visit our e-Newsletter
Archive
: View all of our past editions of our monthly newsletter here!
-
General
Interest

-
Managing
Money

-
RSP
- Planning

-
Retirement
Income Planning

-
Insurance
Products

-
Savings
-
Home
Ownership

-
Taxes
& Estate Matters

-
Choosing
Financial Services

-
GICs
& Fixed Income

-
RESP
- Education Saving

-
The
Companion
Advisor

-
Retirement
Planning

-
General
Interest

-
Fixed
Income

-
Taxes
-
Techniques
& Methods


To unsubscribe to the Fiscal
Agents - Money Management e-newsletter , please send an e-mail
to unsubscribe@fiscalagents.com.


Copyright ©2013 Fiscal
Agents Financial Services Group
All rights reserved.


The information contained in this newsletter is intended only as a general guide
and may not be suitable for certain individuals. If expert advice is warranted,
readers are urged to consult a competent professional. While any investment, legal,
tax and accounting information, contained herein, has been obtained from sources
believed to to be accurate, constant changes in the legal and financial environment
make it imperative that readers confirm this information before making financial
decisions. This newsletter is not and under no circumstances is to be construed
as an offer to sell or the solicitation of an offer to buy any securities. This
newsletter is furnished on a basis and understanding that Fiscal Agents Ltd.,
Fiscal Agents Insurance Ltd. cannot be held responsible or liable for liability
a reader of this newsletter may suffer as a result of reliance on information
contained herein or omitted. © 2013 This newsletter is protected by copyright
and all rights are reserved. Money Management Made Easy® is a Registered
Trade Mark of Fiscal Agents. Mutual Funds offered through IPC Investment Corp.
Commissions, trailing commissions, management fees and expenses all may be associated
with mutual fund investments and the use of an asset allocation service. Please
read the prospectus of the mutual funds in which investment may be made under
the asset allocation service before investing. Mutual Funds are not guaranteed,
their values change frequently and past performance may not be repeated. Fiscal
Agents Financial Services Group, P.O.Box 5000, Oakville, ON. L6J 5C7 (905)844-7700

Fiscalagents.com

Kategorien: Finanziell
Alter: 19 - 30 Jahr 31 - 64 Jahre 65 Jahre und älter

Teilen Sie diesen Newsletter

© 2018