| How
to get your CPP early |
 |
|
 To
qualify for CPP, you basically have to meet two key criteria. The first is you
must be over the age of 60. The second is you must have made at least one valid
contribution (payment) into Canada Pension Plan. How much income you get depends
on how much you put in and for how long you contributed into CPP. Remember that
CPP is a contributory plan which means that all benefits are funded by financial
contributions made by employees and employers. CPP is not funded by general tax
revenues. In other words, how much you get is dependent on how much you put in.
Use the Read More
link to view the complete article. |
| Be
aware of putting money into depreciating assets |
|
|
 To
really understand wealth, you must understand the concept of your net worth. Simply
put, your net worth is what you own less what you owe. The lesson I shared with
my nephews is that the car you drive does not always tell you about the wealth
of that person. If you go in and buy a $60,000 car but you borrow the entire $60,000,
that car contributes nothing to your net worth. So many people these days lease
cars only to create more debt and payments as opposed to increase the value of
their net worth.
Use the Read
More link to view the complete article. |
| Interest
Deductions Take Hit From CRA Ruling |
|
|
 A
recent decision by the Federal Court of Appeal on a tax manoeuvre called the Singleton
Shuffle, has dealt a severe blow to investors’ ability to write off interest
expenses when money is borrowed for the purpose
of earning investment income.
Use the Read
More link to view the complete article. |
IPCs
Intelligent Investor
Lessons Learned in the Market |
|
|
 Once
again cur equity markets are trying to impart valuable lessons that they have
tried to teach us before. In the past, many people just ignored them. Will it
be different this time?
Use the Read More
link to view the complete article. |
| The
nature of diversity |
|
|
 If
you stand on tiptoe, you may be temporarily balanced, but you are easy to tip
over (hence the name, tip toe). If you get down on all fours, with your hands
and knees on the floor, you are also balanced but hard to tip over. That's because
your weight is now spread among four places-- you have diversified your balance
points.
Investments can work the same way. If you have all your eggs in one investment,
you risk tipping over if that investment goes sour. Diversification is the way
to reduce your overall investment risk while still meeting your investment objectives.
Use the Read More link
to view the complete article. |
|
|
 |
Today's
Market Rates |
|
|
| |
Taken from the FiscalAgents.com
Money Centre, as of 10/02/07
| Term
Deposits |
4.56 %
|
Annually,
30-59
Days, $25,000 |
| GICs |
5.05%
|
| Annually,
5 Year, $5,000 |
| Maximum
Rate |
5.115%
|
| Annually,
5 Year, $10,000 |
| RRIFs |
5.115%
|
| Annually,
5 Years, $50,000 |
| RRSPs |
4.99%
|
| Annually,
5 Year, $5000 |
| Savings
a/c |
4.10%
|
| Daily |
|
Click the link below to view our best-offered rate table.
|
|
|
|
|
|
 |
|
Mutual
Fund Statistics:
August
2007 |
|
|
|
| Assets
under management: |
|
$695.9 billion |
| Net
sales (excl.reinv.distr.): |
|
-$1.5 billion |
| Fund-of-Funds
Assets under management: |
|
$107.3 billion |
| Fund-of-Funds
Net Sales (excl.reinv.distr.): |
| $787
million |
|
|
|
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|
