| Fiscal
Agents: Number one with Canada's best |
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 We
are pleased to announce that with the addition of Fiscal Agents Canadian retail
deposit and mortgage interest rates tables to the finance section at Yahoo.ca.
our previous #1 ranking gets much wider!
Yahoo.ca is ranked as the highest visited website in Canada, followed by MSN
Sympatico (passing the 20 million unique monthly visitor mark), another
subscriber to our financial information editorial monitoring services. Our other
media partners include Canada.com, the web
portal for Canwest Interactive (serving over 100 million page views a month)
and owners of the National
/ Financial Post. The Toronto Star Canada's largest circulation newspaper
and its web site thestar.com are recipients of our services. Canoe.ca one of
the first Canadian web portals has carried our data feeds since inception, it's
owned by Sun Media Corp, Canada's largest national tabloids and community newspaper
that includes the Toronto Sun.
Yahoo Canada has
featured Fiscal Agents financial calculators for some time, as a special
and unique feature the onsite calculators they are actively linked and utilize
the current guaranteed investment interest data rate data. This provides the
user an interactive method to rank and see the dollar values between more than
30 financial instructions.
|
IPC's
Intelligent Investor
The Pros and Cons of Strategic Asset Allocation |
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|
 The
primary goal of portfolio management is to maximize your return for the risk you
are willing to take. Sounds pretty straightforward, doesn't it? The trick is to
find the proper balance in your portfolio to achieve this objective. Highly debated
and much studied, this strategy is known as asset allocation. Is asset allocation
important to your portfolio?
Use the Read
More link to view the complete article. |
| Pension
Income: Questions you may have thought to ask you advisor |
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 It's
now been just over one year since the notion of pension splitting was first introduced
on Halloween 2006. The final legislation was passed in June and is now law. Shortly
thereafter, the Canada Revenue Agency (CRA) responded to a number of technical
questions on the pension splitting rules. Here's a brief summary of some of the
more interesting technical points questions your clients may be asking you.
Use the Read
More link to view the complete article. |
| Year-End
Tax Strategies |
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 If
you're like many people, you're probably waiting until April to start thinking
about your taxes. However, by the time taxes are due, it's usually too late to
realize tax-saving opportunities.
Now is the time to determine if there are any tax breaks you can take advantage
of by acting before the end of the year. With this in mind, there are a number
of tax-related questions and issues that we may need to discuss soon in order
for you to get the most out of this tax year. For example:
Are you giving to charity? Last year, the Conservative government eliminated
tax on "in-kind" donations of securities, mutual funds and segregated
funds to registered charities. If you're planning to give cash, property or
securities, it is important to make sure that all donations are made by December
31 in order to realize the tax benefits on your 2007 return.
Do you have any non-registered mutual fund purchases planned? Many mutual
funds distribute their earnings at the end of the year, meaning that investors
who purchase them in December will be liable for taxes on those earnings as
if they had been invested for the entire year. We can get an estimate of what
this year's distributions will be to determine if it might be worthwhile to
postpone non-registered mutual fund purchases until January.
Did you turn 69 this year? If you've turned 69 this year, don't worry
about converting your RRSP to an RRIF. In the 2007 budget, the government raised
the RRSP contribution age from 69 to 71, so you have two years to go until you
have to transfer your RRSP to an RRIF, annuity or a combination of the two.
If, by chance, you're 71 and opened a new RRSP in the past year, or converted
your RRIF back into an RRSP, then you need to close your RRSP again by December
31.
Can you benefit from tax-loss selling? Losses on certain assets -- mainly
stocks -- can be offset against capital gains that have been realized during
the previous three years. Now is the time for us to review your portfolio to
determine if there are any equities for which you want to lock in the losses
before year-end.
In addition, final payments must be made before December 31
in order to claim a tax deduction in 2007 for various items including alimony
payments, child-care expenses, interest expenses on money borrowed to earn investment
income and investment counseling fees.
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Today's
Market Rates |
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Taken from the FiscalAgents.com
Money Centre, as of 12/10/07
| Term
Deposits |
4.80%
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Annually,
120-179
Days, $25,000 |
| GICs |
4.95%
|
| Annually,
5 Year, $5,000 |
| Maximum
Rate |
4.95%
|
| Annually,
5 Year, $10,000 |
| RRIFs |
4.95%
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| Annually,
5 Years, $50,000 |
| RRSPs |
4.90%
|
| Annually,
5 Year, $5000 |
| Savings
a/c |
4.10%
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| Daily |
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Click the link below to view our best-offered rate table.
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