A
recent 2006 study reveals GIC deposits earned 17.2% more
with no-fee Deposit Broker Fiscal Agents, than at any
major retail bank
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For most GIC buyers, securing the highest possible guaranteed
income is as much of a priority as having all assets secure
and covered by deposit insurance. Our no-fee deposit broker
placement service helped earn clients 17.2% more interest over
a 15-year study period, than what they would have received at
any Main Street retail-banking outlet, using the banks posted
retail rates.
Use the Read
More link to view the complete article. |
More
CDIC deposit protection needed for registered retirement
investments
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All guaranteed registered retirement investment products held
at CDIC member financial institutions - whether RRSPs, RRIFs
or LIFs - should carry 100% deposit insurance protection. We
at Fiscal Agents feel that CDIC coverage should be increased
to 100% for registered plans. We are therefore recommending
that all concerned either write directly to the Finance Minister
Jim Flaherty and CDIC or complete one of our preprinted form
letters we have made available, and forwarding it to our offices,
which we will submit in bulk to the Finance Minister and CDIC.
Use the Read
More link to view more information about this campaign. |
| How
to transfer your vacation property |
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Your family cottage is a valuable asset. And not just in a financial
sense: it brought you and your family years of enjoyment. Surely,
keeping it in the family is an important goal. In normal circumstances,
an appreciating asset is something to be happy about. But when
it comes to the family cottage, things are rarely so simple.
In fact, a substantial appreciation in the family cottage can
create a “cottage crisis” within your family. Here’s
why.
Use the Read
More link to view the complete article. |
You
may be able to unlock your LIF, LIRA
or LRIF account in a financial emergency
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If you live in Ontario, you may be able to unlock a locked-in
account which contains money transferred from your pension plan
for certain expenses in times of serious financial hardship.
Use the Read
More link to view the complete article. |
What's
the average rate of return?
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The other day, FIDO read a stockbroker's newsletter discussing
rates of return from various investments. The newsletter calculated
an 'average return' over a ten year period.
When you see the word 'average' return, it's worth checking
how the average was calculated. FIDO found the newsletter used
a simple, but potentially misleading, method for averaging the
different investment returns.
Use the Read
More link to view the complete article. |
Potential
investors reminded to exercise caution with respect to
certain donation arrangements
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As the calendar year end approaches, investors may see an increasing
number of advertisements for tax shelter donation arrangements.
The Canada Revenue Agency (CRA) reminds investors that the proposed
legislative changes announced by the Department of Finance on
December 5, 2003, to limit the tax benefits of charitable donations
made under tax shelter and other arrangements, are in effect.
Use the Read
More link to view the complete article. |
Back
to school with new tax credits
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Post secondary students may not have appreciated it when they
headed back to classes in September but they started to benefit
from new tax credits introduced in the Federal Budget. A trip
to the university bookstore became a little easier with the
introduction of the Textbook Tax Credit. Full-time students
who are eligible for the education credit receive a $65 per
month tax credit for textbooks; eligible part-time students
receive a $20 credit per month.
Use the Read
More link to view the complete article. |
Seven
paycheques in retirement
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For most of our lives, we go to work and earn a paycheque. What
happens in retirement when we stop working? Where will our income
come from? Here are the seven possible paycheques you will get
in retirement. Most people will get at least one of these paycheques,
many will get more than one. The most financially secure retirees
will get income from at least five of these sources.
Use the Read
More link to view the complete article. |
How
to keep your nest egg afloat
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Perhaps the biggest financial concern these days is the possibility
of outliving your money. And yes, there are ways to extend the
life of your hard-earned savings and do so in a tax-effective
manner. We'll explore one concept that can provide you with
a permanent source of income for the rest of your life while
protecting your capital for your beneficiaries. It is called
the insured annuity.
Use the Read
More link to view the complete article. |
In
the Press
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In a recent issue of MoneySaver magazine its Investment Tips
section advised the benefits of our publication The
10 Principles of Being Rich saying "it is filled
with detailed tips on various investment types. It follows the
life stories of three individuals. with varying ages and life
styles, and gets the inside scoop on the decisions they made
to better their financial security". This is a free publication,
available
for download or online reading.
In that same issue our Cornerstone
Household Directory of Documents was mentioned as "as
one of the most important record-keeping tools for you and those
closest to you" This is also a free publication and covers
a wide range of topics, raging from personal and professional
contacts to investments information, in order to present a clear
picture of your current situation. Its downloadable and interactive
as a Microsoft Word document or printable as a hard copy tool.
Visit
our website for your copy.
The annual Investment Executives Money Planner Magazine devoted
to retirement planning, reviewed three online retirement calculators.
It wasn't so much a industry wide score card, but the best in
class. Human Resources Development Canada incorporates public
pension information whereas the Morningstar gizmo helps you
figure out how much you need to save. The What
Should You Be Saving For Retirement calculator that
was developed for the Internet by Fiscal Agents in conjunction
with Bruce Cohen its author, walks you through your income sources
and savings goals before telling you how much you’ll have
to put away monthly to reach those goals - this online conversion
of the Pension
Puzzle calculator compliments Cohen’s retirement planning
book of the same name. Both have received accolades in the financial
press each year since being published in 2002. |
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Today's
Market Rates |
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Taken from the FiscalAgents.com
Money Centre, as of 11/29/06
| Term
Deposits |
4.05%
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| Annually,
90-119 Days, $50,000 |
| GICs |
4.25%
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| Annually,
5 Year, $5,000 |
| Maximum
Rate |
4.25%
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| Annually,
5 Year, $75,000 |
| RRIFs |
4.25%
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| Annually,
5 Years, $50,000 |
| RRSPs |
4.25%
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| Annually,
5 Year, $5000 |
| Savings
a/c |
3.85%
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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 2006 |
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| Net
sales of all funds: |
| $1.6
billion |
| Reinvested
Distributions: |
| $618.5
million |
| Assets
under administration: |
| $629.6
billion |
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