Want to donate to charity and reduce your taxable income?

1 January, 2015

Both the federal and provincial governments offer donation tax credits that, in combination, can result in tax savings of up to 50% of the value of your gift in a given tax year. You may also be able to claim the federal First-Time Donor’s Super Credit... Read More

RRIF INCOME: How to generate tax-free gains with your taxable RRIF payments

1 July, 2014

As soon as you are 71, that RRSP that has grown tax free for so many years must now be converted to a RRIF and have income withdrawn beginning the following year. The rate of minimum withdrawal goes up every year, though to everyone requires this extra... Read More

Are you maximizing your Guaranteed Income Supplement?

1 July, 2014

Guaranteed Income Supplement, or GIS, eligibility in Canada begins at age 65 and is based on your taxable income for the previous year. Individuals with taxable income lower than $16,727.99 and couples with taxable income lower than $30,911.99 may be... Read More

What to expect for investment returns

1 April, 2014

How do you know if your portfolio has done well? If you’re 10% up on the year, is that good? It might be if global markets are up only 5%, it might not be if global markets are up 20%. The risk profile of your portfolio is key, too. Did you see a 10%... Read More

MERs & Active Management

1 January, 2014

Why actively managed mutual funds can outperform in markets like these     Some Mutual Funds offer what is known as active management, and some closely mimic the investment indices. Some of you have heard the terms ‘active’ and ‘passive’ management before... Read More

RRSP Season: Down to the dollar value

1 January, 2014

Filed Under: Retirement Planning

We’re going to keep it simple here and show the dollar value benefits behind how RRSP investments work.    Category Client #1  Client #2 Income: $45,000 $90,000 Marginal tax rate in BC: 29.7% 38.29% RRSP contribution: $5,000 $12,000 Estimated tax refund:... Read More

MER - Why the Variance in Cost?

1 October, 2013

Filed Under: Retirement Planning

This variance will depend on the type of product as well as the platform it is being offered on. Here are two of the primary reasons you may see a noticeable difference in cost:   Some funds are simply less expensive in their operational expenses than... Read More

Tax Planning For Non-Registered Investments

1 October, 2013

As we near the end of 2013, this is a good time to do a review of your tax situation in regards to non-registered investments. While it is generally a good idea to defer taxation as long as possible, there are circumstances in which it can be beneficial... Read More

Insurance - Getting Started

1 October, 2013

Insurance reviews are part of the financial planning process, particularly as insurance needs will change. You may also have insurance coverage that you purchased from other providers that may or may not be the right coverage for you. Over this next year... Read More

Understanding What It Costs You To Own Mutual Funds

1 July, 2013

Filed Under: Retirement Planning

This section of our newsletter will likely be an ongoing one as we want all of our clients to be well informed when it comes to the costs associated with the investment products you own, and how we (your financial advisors) are compensated for the services... Read More