Are
your investments safe in the bank?
Never before have we seen a global banking crisis -
yet we've thought about it! |
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 Canada's
banks are perhaps the safest places to hoard your money - why? Because the way
successor governments have keep pace with, and orchestrated the various regulators
that administer the banking system. Canada Deposit Insurance Corporation (CDIC)
has masterminded and implemented strict controlling measures to protect your deposits.
It works hand-in-hand with the Office of the Superintendent of Financial Institutions
(OSFI) the national banking regulator. You may even be surprised to learn that
CDIC exports those controls to other countries around the world and is regarded
as benchmark in depositor protection.
Use the Read
More link to view the complete article. |
| What
does The U.S. Election mean to you? |
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 Whew
- a big sigh of relief the markets are looking for an end to the uncertainty that
has built up over the long campaign as well as some direction on the financial
crisis.
First the good news: The United States will have a new president as of January
20, 2009. Now the bad news: Economic problems won't be fixed overnight, but there
is light at the end of the tunnel.
Use the Read More
link to view the complete article. |
Giving
made simple
Donation planning doesn't need to be difficult |
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 There's
less than a month left before BCE Inc. investors face potentially massive capital
gains on their holdings of the Bell Canada parent. Time is therefore of the essence
for investors who are sitting on holdings of BCE (or any publicly traded stock,
mutual fund or seg fund) with significant accrued capital gains who wish to do
some proactive tax planning.
Use the Read
More link to view the complete article. |
Don't
overtax your income
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 At
some point, you will need to turn your retirement nest egg; into a portfolio of
income-producing investments. There are many ways to do this, but it is important
to understand the tax implications of the different options that are available
to you. From a simple savings account to the complex world of income trusts, many
different income oriented investments can provide you with money to cover day-to-day
expenses. Various investments have the potential for a guaranteed rate of return
on your investment, while others can provide tax-efficient income and the potential
for long-term capital growth.
Use
the Read More
link to view the complete article. |
Risk-taking
Boomers may return to security
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 Back
when mutual fund mania ruled supreme in the 1990s, there was a phrase in use credited
to fund consultant Dan Richards: the GIC refugee. The explosive growth of equity
mutual funds that decade came as frustrated GIC investors cashed out of their
GICs (usually at maturity) and decided to forgo guaranteed but low 4% or 5% annual
returns for a shot at "shooting for the fences" and reaping double-digit
returns on the stock market.
Many of these would have been Baby Boomers who fancied that they possessed
the needed high "risk tolerance" for equities -- in order to be "first"
in returns to their investments, equity investors were willing to tolerate short-term
volatility for a shot at higher returns, although those returns were never guaranteed.
Use
the Read
More link to view this section on our website.
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Snowbirds:
On the road again...
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 Travel
agents and insurance experts expects sales of travel medical insurance to peak
in October/November - a sure sign that 'snowbirds' are beginning to flock to the
borders and migrate south for the winter. To help ensure a trouble-free extended
vacation, auto clubs are encouraging senior sun-seekers to take a few extra precautions
to protect themselves, along with their homes and belongings, while they're away.
Use
the Read More
link to view this section on our website. |
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Today's
Market Rates |
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Taken from the FiscalAgents.com
Money Centre, as of 14/11/08
| Term
Deposits |
3.55%
|
Annually,
180-269
Days, $25,000 |
| GICs |
4.60%
|
| Annually,
5 Year, $5,000 |
| Maximum
Rate |
4.655%
|
| Annually,
5 Year, $25,000 |
| RRIFs |
4.85%
|
| Annually,
20 Years, $50,000 |
| RRSPs |
4.60%
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| Annually,
5 Year, $5000 |
| Savings
a/c |
3.05%
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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:
October 2008 |
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| Assets
under management: |
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$633.6 billion |
| Net
sales (excl.reinv.distr.): |
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-$4.5 billion |
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