Capital
loss planning
Provided by Invesco Trimark |
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 Market
downturns can provide planning opportunities to take advantage of losses and offset
other capital gains. This InfoPage explains some of the pitfalls to avoid and
offers tax strategies you can use to decrease your losses. After all, financial
planning is essential when the markets go down, as well as up.
A capital loss must first be applied against any capital gains (including capital
gains distributions) of the current year. However, once these capital gains have
been used, the balance of the loss may either be carried back to offset capital
gains in any of the three prior years or carried forward indefinitely to offset
capital gains of future years.
Use the Read
More link to view the complete article. |
| New
book hits the streets running |
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 Findependance
Day, by the author of The Wealthy Boomer and personal Finance Columnist
for the Financial Post, Jonathan Chevereau, hit the book stores late last year,
and is being proclaimed as a match to the Chilton's Wealthy Barber.
One Couple's Turbulent Journey to Financial Independence: Findependence
Day chronicles a young debt-ridden couple’s long journey to financial
independence. After being humiliated about their credit card debts on a national
TV show, Jamie Morelli vows his personal Financial Independence Day will be
the day he turns 50. His wife Sheena is slow to buy into the “guerrilla
frugality” stance needed to save and invest. Jamie ignores her wish to
buy real estate and jumps into the stock market just before it crashes. He goes
for the big score when his hobby web site attracts interest from venture capitalists
and a major Internet portal. After he is betrayed by a business partner, his
world falls apart, threatening his dream of early financial independence.
Use
the Read More
link to view the complete article.
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Tax-Free
Money for What Matters to You
From the Government of Canada Department of Finance |
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 Canadians
need to save for many different purposes over their lifetimes. Reducing taxes
on savings can help. That is why the Government has introduced a new Tax-Free
Savings Account (TFSA). It is the single most important personal savings vehicle
since the introduction of the Registered Retirement Savings Plan (RRSP).
The TFSA allows Canadians to set money aside in eligible investment vehicles
and watch those savings grow tax-free throughout their lifetimes. TFSA savings
can be used for any purpose, such as to purchase a new car, renovate a house,
start a small business or take a family vacation. Canadians from all income
levels and all walks of life can benefit.
Use the Read More
link to view the complete article.
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| Investor
feedback offers
guidance for new products and services |
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 One
of the core principles of the Cornerstone Planning model of investment that Fiscal
Agents has espoused for over 30 years is that investors should periodically re-evaluate
their financial plan in the context of a regular review of their long-term goals
and values. Are circumstances different? Have goals changed over the years? Am
I still on the right path?
Fiscal Agents took a dose of its own medicine recently. FA principals David Newman
and Rob Whipp figured it was time to undertake a thorough study of the company's
business practices to ensure they continue to meet the needs of its clients. And
so these stakeholders in the process were consulted and surveyed; their views
were solicited on the services that are currently provided and they were asked
how Fiscal Agents could serve them better.
Use the Read
More link to view the complete article. |
Canada
Pension Plan loses
but is healthy long-term |
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 The
CPP Fund ended the second quarter of fiscal 2009 on September 30, 2008 with assets
of $117.4 billion, reflecting investment returns of negative 7.5 per cent for
the first six months of the fiscal year and negative 8.5 per cent for the second
quarter. The Fund declined $5.3 billion in value for the fiscal year to date and
$10.3 billion since the previous quarter.
The Fund's four-year annualized investment rate of return through September 30
was 6.6 per cent, which has resulted in $22.0 billion of investment income for
the Fund over the four-year period. The CPP Investment Board reflects its long
investment horizon by regularly reporting rolling four-year performance. "The
CPP Fund is invested for the long term, has a broadly diversified portfolio and
steady cash inflows, and is structured to withstand stock market cycles in order
to help.
Use the Read
More link to view the complete article. |
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Welcome Linda Leatherdale to our newsletter |
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 Get
into the money with Linda Leatherdale, whose hard-hitting columns on personal
finance, investing, consumer issues, small business and politics have forced government
to pass legislation and politicians to rethink tax grabs. An award-winning journalist,
The former Toronto Sun's Money Editor is also host of her own live financial TV
show, Money Line, a sought-after speaker and commentator, and author of Money
Is A Girl's Best Friend. Read Leatherdale and reap her rewards.
Listen to Linda on CFRB 1010: Every weekday at 7:30 a.m., Linda will
join Toronto's Bill Carroll to give financial advice and hold your hand during
this global economic meltdown.
Also, starting this month you'll find topical articles from Linda. Linda
is joining us as a contributing columnist within our Fiscal Agents-Money Management
on-line newsletter. You can read her article for this month below.
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The
3-D Budget:
Debt, Deficits and Disappointment
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 Cash-strapped
Canadian families, who are losing jobs and struggling to put food on the table,
are getting a tax break in the Stephen Harper Conservatives' "Make it or
Break It" budget. But will they ever pay for it.
After a decade of sweet surpluses in Ottawa - which made Canada the envy of the
world particularly now in this biggest economic meltdown since the Great Depression
- we're heading back into the red "big-time."
Use the Read
More link to view the complete article. |
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2009
Federal Budget |
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The Conservative Government’s 2009 budget, unveiled yesterday, reflects efforts
to deliver an economic stimulus to encourage growth and restore confidence in
the Canadian economy. The budget assumes that real economic growth will contract
by 0.8% in 2009, before expanding to 2.4% in 2010.
Overall, the budget aims to put more cash into the hands of citizens. For those
who don’t have an immediate need for the additional cashflow, this budget
may provide more opportunities for you to invest the additional cash to meet your
long-term goals.
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Today's
Market Rates |
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Taken from the FiscalAgents.com
Money Centre, as of 30/01/09
| Term
Deposits |
2.60%
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Annually,
270-364
Days, $25,000 |
| GICs |
4.00%
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| Annually,
5 Year, $5,000 |
| Maximum
Rate |
4.25%
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| Annually,
5 Year, $25,000 |
| RRIFs |
4.25%
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| Annually,
5 Years, $50,000 |
| RRSPs |
4.00%
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| Annually,
5 Year, $5000 |
| Savings
a/c |
2.70%
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| Daily |
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Click the link below to view our best-offered rate table.
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Mutual
Fund Statistics:
December 2008 |
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| Assets
under management: |
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$507 billion |
| Net
sales (excl.reinv.distr.): |
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-$792 million |
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Subscribe! |
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forwarded to you by a friend? You can sign up to receive our newsletter every
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