| Two
of a kind |
 |
|
 Married
and common-law couples can benefit from financial planning strategies that are
simply not available for their single counterparts. However, what is often overlooked
is that changing legislation in recent years has opened the door to significant
planning opportunities for same-sex couples too. The challenge for many investors
is keeping up with the rules, so that everyone who qualifies can take advantage
of the same financial planning benefits.
Use the Read
More link to view the complete article. |
| Do
you own a business? |
|
|
 If
so, there are numerous tax deductions available to help save you money. The general
rule is, you can write off any expenses that are reasonable in generating business
income," says Chartered Accountant Dan Thornton, who holds the Chartered
Accountants of Ontario Professorship at Queen's University Business School in
Kingston.
Use the Read
More link to view the complete article. |
| Older
homes may need upgrades for insurance |
|
|
 If
the house you own is more than 30 years old, your insurance company may require
you to upgrade the plumbing, electrical, and heating systems before renewing your
homeowners' policy.
Use the Read
More link to view the complete article. |
IPC's
Intelligent Investor
Market Volatility - Friend or Foe? |
|
|
 In
recent months, the markets have taken investors on an emotional rollercoaster
ride. However, there are key differences between this rollercoaster and the one
at Canada's Wonderland amusement park. On that one you sit looking forward, and
can see what's coming next. However, as an investor, you face backwards on your
ride through the markets, and all you can see is what has transpired.
Use the Read
More link to view the complete article. |
| Ad-hoc
adds costs |
|
|
 Almost
half of Canadians say they don't have a banking strategy when they open new accounts
or apply for banking services, according to a recent national survey for Manulife
Bank of Canada by Maritz Research. The survey revealed the typical Canadian uses
at least eight different banking products, including chequing accounts, high interest
savings accounts, bank and retail credit cards, mortgages and lines of credit.
Use the Read
More link to view the complete article. |
| The
tax man has all the time in the world |
|
|
 In
an alert issued earlier this week, the Canada Revenue Agency once again warned
taxpayers to be wary of so-called "tax shelter gifting arrangements,"
whereby the donor receives a donation tax receipt equal to three or four times
what he or she actually donated.
The CRA is auditing all tax shelter gifting arrangements. So far, it has audited
more than 26,000 individuals and has denied approximately $1.4-billion in claimed
donations. The CRA is in the process of finalizing the audits of another 20,000
taxpayers, involving close to $550-million in donations, and will shortly begin
auditing another 50,000 taxpayers involved in tax shelter gifting schemes.
Use the Read
More link to view the complete article. |
|
|
 |
Today's
Market Rates |
|
|
| |
Taken from the FiscalAgents.com
Money Centre, as of 8/21/07
| Term
Deposits |
4.75%
|
Annually,
90-119
Days, $25,000 |
| GICs |
5.10%
|
| Annually,
5 Year, $5,000 |
| Maximum
Rate |
5.10%
|
| Annually,
5 Year, $10,000 |
| RRIFs |
5.10%
|
| Annually,
5 Years, $50,000 |
| RRSPs |
5.10%
|
| Annually,
5 Year, $5000 |
| Savings
a/c |
4.10%
|
| Daily |
|
Click the link below to view our best-offered rate table.
|
|
|
|
|
|
 |
|
Mutual
Fund Statistics:
July
2007 |
|
|
|
| Assets
under management: |
|
$703.5 billion |
| Net
sales (excl.reinv.distr.): |
|
$3.0 billion |
| Fund-of-Funds
Assets under management: |
| $107.0
billion |
| Fund-of-Funds
Net Sales (excl.reinv.distr.): |
| $1.4
billion |
|
|
|
|
|
|
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|
