Financial Tip
Every person I meet with has a vision of what they want when they retire. Yet many don't think they will ever get there. Why is that? Check this tip video and upcoming ones here
Quick Reminder: Traveling Soon Anyone? If you need Travel Insurance, we now offer a quick and easy solution. Just go to this link on our website and sign up right away.
Travel Insurance . Any questions, please give us a call to help.
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Business Owners:
It feels like 2018 has been the year to attack the
Entrepreneur
. With the more punitive changes to taxes on Canadian Controlled Private Corporations, while the U.S. has reduced tax rates, it feels like there's nowhere to turn. That is why it's critical to ensure we are taking all steps to maximize your deductions, minimize your tax, and ensure the most effective long-term strategy is in place.
We have set up a number of Financial Tip videos to share some ideas. Let's start with a Tax Free insurance idea for your business.
Want to withdraw money from the corporation tax free to pass along to your heirs?
Check out this video presentation. With regulatory changes coming soon, it's important to review your options now.
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Household Debts and Cash Flow Planning
Manulife Bank Homeowner Debt Survey has uncovered the truth
: Many Canadian homeowners, particularly Millennials, lack the financial flexibility to adjust to rising interest rates, unforeseen expenses or interruption in their income.
Key findings:
- 25% of Millennials have no emergency savings
- One in four homeowners were "caught short" at least once in the past year, with insufficient money on hand to manage daily expenses
- Almost half of Millennials received help from family members with their first home purchase
Understanding the risks that high debt levels pose to both the housing market and the broader economy can help individuals avoid emotional responses if and when any changes occur.
Cashflow planning, a strategy we use, can help families navigate better cash management and be the minority that is in control of their finances. Ask us how?
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Arts and Community
I am pleased to be sponsoring The Richmond Hill Centre For The Performing Arts again in the 2018-2019 season. With a colleague, we will be sponsors of the
OnStage Series, for unique Canadian talent in a more intimate setting.
We will also be sponsors of Classic Albums Live series, having a little fun with our old favourites!
I hope to see some of you at the theatre this year.
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While the short term is uncertain, long term prospects are still positive. Portfolio managers share the challenges with technology stocks when investor confidence is high and their passion for technology companies continue. Also an outlook on Canadian and international economies. Where are managers investing?
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Trustee Fees:
Please note that Trustee fees for RRSP, LRSP, RRIF, LIF were charged June 7th.
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Events:
I'm riding in the Big Bike on Jun 14th. I'm working hard to raise $1000 towards Heart & Stroke in honour of my father who suffered from a stroke, and lived his final 5 years in a very compromised state because of that. Come out and cheer us on, or even better, please donate to help ensure your loved ones have the support in the future.
Thank you to all that have contributed to the charitable cause!
Quotes of the Month
If I cannot do great things, I can do small things in a great way.
Martin Luther King Jr.
Sincerely,
Janine Purves, CFP
®, CPCA, CCS
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Assante Capital Management Ltd is a member of the Canadian Investor Protection Fund and Investment Industry Regulatory Organization of Canada.
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
June 12:
Resolute Townhall Meeting
June 14:
Heart and Stroke Big Bike Tour.
June 15:
Business Taxes Due, 2nd Personal Installment Due
July 1:
Canada Day. National Holiday.
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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
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