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Affiliated with National Financial Insurance Agency Inc. |
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What's New |
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CLIENT
APPRECIATION
DAY
We will have a wine and cheese at the Vankleek Hill
office on Wednesday November 12, 2008 from 12:00 TO 6:00 PM,
and in Russell on Friday November 21, 2008 from 12:00 to 6:00
PM
It is our way of saying
thank you for your continued trust and confidence over the
years. Please stop by to chat with the team, have some
refreshments and qualify for some prizes throughout the day. |
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Our Best GIC Rate as of November 6, 2008
is
4.65%
Over 18 different issuing companies to
choose from
CDIC insured up to $100,000 each
(rates subject to change without notice) |
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Visit
our website to find handy
Financial
Calculators
click
here!
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Your
Money Matters
November
2008 Issue
Tax Free Savings Account (TFSA)
Starting
January 1, 2009, Canadians will have a new way to save money with
the introduction of the TFSA – a new registered savings account,
introduced by the Federal government in the 2008 budget. The TFSA
will help Canadians from all walks of life save for their financial
goals. The plan offers great flexibility; funds grow tax free, can
be withdrawn at any time on a tax free basis, and can be used for
any purpose.
How the TFSA works:
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Starting in 2009,
Canadian residents age 18 and over can save up to
$5000/year in a TFSA
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Contributions
are not tax deductible, but investment returns (capital
gains, interest and dividends) earned in a TFSA are not taxed,
even when withdrawn.
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Withdrawals are
tax free and funds can be used for any purpose.
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Unused
contribution room can be carried forward to future years – As
well, any amount withdrawn from a TFSA can be
re-contributed in a future year without reducing contribution room
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Income earned and
withdrawals within a TFSA will not affect eligibility for
federal tax credits or income-tested benefits such as Canada Child
Tax Benefit, Old Age Security or Guaranteed Income Supplement
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Choice of
investments range from savings accounts to GICs to mutual funds
and stocks
Just
about everyone will benefit from a TFSA. Call us to find out how
the TFSA may fit into your financial plan.
UPCOMING CONFERENCE CALL
DO YOU HAVE QUESTIONS ABOUT THE CREDIT CRISIS AND ITS IMPACT ON YOUR
PORTFOLIO?
We
have the pleasure to announce that we have set up a conference call
with Peter Drake of Fidelity Investments for Monday December 1, 2008
at 7:00 pm.
Peter
Drake has over 35 years experience as an economist. He is
Vice-President, Retirement & Economic Research for Fidelity
Investments Canada. He leads Fidelity’s research efforts into
examining retirement in Canada today. Widely quoted in the Canadian
media, Peter is an expert on economic trends in retirement,
retirement readiness, and issues involved in living and working in
retirement.
The
conference call will focus on investing in uncertain times, and will
be available to our clients by calling in to a toll-free number with
pass code (info to follow). It will last approximately 45 minutes,
and will have a Q&A where Peter will answer the 5 most submitted
questions by our clients. Please submit your questions now and we
will ensure they are addressed.
Check
your emails for further details and confirmations.
Theresa Wever and the Money
Concepts Team.
Commissions, trailing commissions, management fees and expenses all
may be associated with mutual fund investments. Please read the
prospectus before investing. Mutual funds are not guaranteed, their
values change frequently and past performance may not be repeated.
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