| Six
practical steps to maintaining financial security from an insurance perspective |
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 The
need to protect your income, assets and family doesn't change just because you're
retiring. This is a good time to review insurance coverage and consider the options
discussed here.
Use the Read
More link to view the complete article. |
| Planning
for your children's future |
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|
 In
today's hectic world, planning plays an important role in the way we live our
lives. From major decisions like what kind of car to buy to relatively minor issues
such as what to wear to work, planning is what makes our lives run smoothly.
But while most of our lives would crumble without the structure of the plans we
make, we often put off tackling the chore of making the most important choices:
planning for our future and the futures of our children.
Use the Read
More link to view the complete article. |
| Is
Mortgage Life Insurance worth it? |
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|
 How
often do we review our monthly expenses - $40 for cable, $87 to the phone company
- you get the picture - lots of small items to pay and the bank charging on each
transaction to boot! One just payment is the mortgage life insurance premium,
that sometimes is hiding besides your Mortgage payment.
Use the Read
More link to view the complete article. |
| Government
of Ontario Budget Highlights – 2009 |
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|
 The
government of Ontario’s tabled its budget on March 26, 2009, revealing measures
to stimulate the economy and help families weather the current economic storm.
The Ministry of Finance projects that Ontario’s economy will decline by 2.5%
in 2009. However, it expects growth to resume in the second half of 2009 and strengthen
over the next two years.
Use the Read
More link to view the complete article. |
Housing
Market Madness
By Linda Leatherdale |
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|
 Amid
a deep deflationary housing freefall - with the GTA's real estate crash deepening
in February, fuelling fear this will be worse than the Nasty Nineties - you'd
think our leaders would be scrambling for incentives to keep the market alive.
Use the Read
More link to view the complete article. |
| Tax
filing and payment dates |
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|
 We've
provided a summary of the important dates related to tax filing.
Use the Read
More link to view the complete article.
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Warning:
Investing in schemes that promise you tax free
withdrawals from RRSPs and RRIFs could result in the loss of your retirement savings
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 The
Canada Revenue Agency (CRA) is finding an increasing number of questionable registered
retirement savings plan (RRSP) and registered retirement income fund (RRIF) tax-free
withdrawal schemes. The CRA is warning that investing in such schemes could result
in you losing your entire retirement savings to unscrupulous promoters, as well
as a reassessment of your tax returns.
Use the Read
More link to view the complete article. |
| Registered
Disability Savings |
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|
 The
implementation of the new Registered Disability Savings Plan (RDSP) offers new
tax efficient savings opportunities for individuals who are disabled or have a
family member with a disability.
Although the Registered Disability Savings Plan (RDSP) was announced in the 2007
federal budget, the necessary changes to make it a reality were not implemented
until late in 2008. For consumers who wished to invest in these Plans, they had
until March 2, 2009 to take advantage of the Disability Tax Credit for 2008. The
new contribution year began March 3rd, 2009.
Use the Read
More link to view the complete article. |
| Ontario
offers tax cuts, sales tax harmonization |
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|
 The
province of Ontario will face a massive deficit over the next seven years, as
the government struggles to right the economy. Finance Minister Dwight Duncan
has projected a massive $56.8-billion deficit over seven years, as the province's
coffers are drained by falling revenues and rising stimulus spending.
"The global crisis has reduced our government's revenues," he said.
"Total tax revenues declined and will probably do the same in the years
ahead."
Use the Read
More link to view the complete article.
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Today's
Market Rates |
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Taken from the FiscalAgents.com
Money Centre, as of 1/04/09
| Term
Deposits |
1.60%
|
Annually,
270-364
Days, $25,000 |
| GICs |
3.40%
|
| Annually,
5 Year, $5,000 |
| Maximum
Rate |
3.51%
|
| Annually,
5 Year, $25,000 |
| RRIFs |
4.25%
|
| Annually,
10 Years, $50,000 |
| RRSPs |
3.40%
|
| Annually,
5 Year, $5000 |
| Savings
a/c |
1.85%
|
| Daily |
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Click the link below to view our best-offered rate table.
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