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Financial Tip of the Month: Most of us work towards the big goals, such as retirement or a cottage, by trying to save each month. Without a true cashflow system, we often find that we must tap into these savings when surprises happen. However, by re-allocating how you spend, setting up a "cash flow plan", you can reset your savings to stay on track more often and to meet both the "short-term" and long-term goals. As well, you'll find it easier to reach these goals. Its new and it's called Cash Flow Planning.
Who does Cash Flow Planning work for?
- You make a good living, but wonder if you have enough to show for it.
- Your current strategy is all about product, not about your plan.
- You are committed to funding your dreams, and willing to take steps to get there.
Watch
out
for the May 2016 Richmond Hill Snapd for my following article:
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Loaning Money to your Spouse, a Solid Tax Strategy to Help split income both now and in the future.
With the top tax rate in Ontario now over 53%, don't let the attribution rules impact your tax return. Use this strategy to transfer investment income to your spouse. For more information, read on.
Favourite Website:
www.advisor.ca
The article we reference is from advisor.ca.
This website provides useful tax planning tips for both investors and advisor. It is our favorite website for this month.
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Markets:
Portfolio Construction:
How is Currency Management used in your portfolio?
Continue Reading
Listen in on Wednesday, May 4th at 2 p.m. ET for second quarter webcast of Wealth Matters featuring:
- Changing tax benefits of Life Insurance
- Growth potential for international equity markets
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Life, CI, DI, LTC?
Which one best fits your needs?
To better learn when insurance is needed, here's a chart to help identify the areas of risk.
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| Source: Assante Estate & Insurances Services Inc. |
To identify your needs, we evaluate your income, expenses, assets, your stage of life, & your priorities. That allows us to recommend the best coverage for your personal situation.
As well, we work for you, so can quote from a variety of companies, and ensure the coverage is customized to your needs.
It is confusing. To help you better understand the difference, please read "Insurance, The Bad Apple of Financial Planning"
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Call today for an assessment.
Remember, Insurance is a versatile product that can reduce taxes, protect your assets, provide income for loves ones and more. We can help!
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Trustee Fees: Please note that Trustee fees for RRSP, LRSP, RRIF, LIF will be charged in early June.
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Portraits of Giving 2016:
Wednesday April 13
This year, I was a sponsor for the 7th Annual Portraits of Giving event.
This unique exhibit celebrates dedicated people who use giving back to make a difference in our community of York Region. The event uses photography and personal stories to honour these special people.
I presented the award to Melanie Delicato of Staples, the Richmond Hill Honoree.
Congratulations Melanie!
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EVENTS TO ATTEND:
Heart & Strokes Big Bike:
I'm riding on the Big Bike on Jun 16th. I'm working hard to raise $1,000 towards Heart & Stroke in honour of my father who suffered from a stroke 6 years ago. Come out and cheer us on, or even better, please donate to help ensure your loved ones have the support in the future.
TESTIMONIAL:
Janine and her team are always extremely helpful and accommodating, regardless of the situation or inquiry ... or size of my portfolio. It's been a rewarding personal experience having Janine as my financial 'guru'.
- Alice Zaharchuk
REFERRALS: Thank you for your referrals. We really appreciate you passing along our name. If you know somebody who needs a 2nd opinion on their portfolio, or who really needs to focus on planning for the future and setting some objectives, I can help. Ensuring you have the retirement income you need and paying the least amount of tax along the way is how I enable you to meet your personal financial objectives.
Quote of the Month in Celebration of Spring:
"You Can't Turn Back The Clock. But You Can Wind It Up Again "
- Bonnie Prudden
Here's to a spring full of energy & renewal.
Sincerely,
Janine Purves, CFP, CPCA
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This material is provided for general information and is subject to change without notice. Every effort has been made to compile this material from reliable sources however no warranty can be made as to its accuracy or completeness. Before acting on any of the above, please make sure to see me for individual financial advice based on your personal circumstances. The opinions expressed are those of the author and not necessarily those of Assante Capital Management Ltd. Insurance products and services are provided through Assante Estate and Insurance Services Inc. Assante Capital Management Ltd. is a member of the Canadian Investor Protection Fund and is registered with the Investment Industry Regulatory Organization of Canada. Assante is an indirect, wholly-owned subsidiary of CI Financial Corp. ("CI"). The principal business of CI is the management, marketing, distribution and administration of mutual funds, segregated funds and other fee-earning investment products for Canadian investors through its wholly-owned subsidiary CI Investments Inc. If you invest in CI products, CI will, through its ownership of subsidiaries, earn ongoing asset management fees in accordance with applicable prospectus or other offering documents. Commissions, trailing commissions, management fees and expenses, may all be associated with mutual fund investments. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Please read the prospectus and consult your Assante Advisor before investing.
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Dates to Remember
May 4:
Wealth Matters Webcast
May 17:
2016-2017 Richmond Hill Centre For Performing Arts Season Launch
May 23rd: Victoria Day
May 29: HHC 7th Annual Open House and Health Fair in Vaughan
June 9:Your Money, Your Future: Managing Your Road to Success Without the Potholes presentation
June TBD: Resolute Townhall Meeting
June 15: Business Tax Deadline, 2nd Tax installment
June 16: Heart and Stroke Big Bike Tour.
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Janine Purves
CFP, CPCA, CCS Senior Financial Advisor Assante Capital Management Ltd. Ph (905) 707-5220 Fax (905) 707-1035 9130 Leslie St., Suite 302, Richmond Hill, ON L4B 0B9 Visit our website at www.janinepurves.com Follow Me On 
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