Presenting the MoneyGuide Deposit Tracker, Statement and Interest Income Planner
Ever wondered how a fixed term GIC deposit portfolio could be better managed? Have you ever missed reinvestment dates, forgotten or lost interest payments or misplaced investment confirmations, or do you just have trouble keeping track of all the ins and outs?
Introducing the all-new, exclusive MoneyGuide Deposit Tracker – a statement and interest income planner, available exclusively from Fiscal Agents Savings and Investments.
It’s a complete set of customizable deposit-based financial reports – we’ve designed the program to make your financial picture as clear to you as it is to your accountant. It’s ideal for retirees seeking income predictability, church and religious organizations, condominium corporations, professionals, charities, small business, investment clubs aiming to get higher rates than local main street banks and all those who wish to save for the future.
We know why GICs work for you, how they provide security, guaranteed growth and income predictability – all conservative investment building blocks that provide the foundation for a retirement or lifestyle income you can rely on. We’ve devised an organizational tool to give you a clear picture of how your fixed term GIC portfolio holdings are performing, offering comparability, checks and balances. And at the same time, you can continually access bigger-pay GICs, re-balance RRSP maturity dates to avoid costly early or late withdrawal penalties, and build greater year over year income predictability through our laddering profile section. MoneyGuide Deposit Tracker provides five-year current and future individual account portfolio summaries and keeps track of your overall portfolio percentage returns. Annual interest income T5 slips are easily calculated and can be reconciled within the deposit tracker.
The best way to manage a guaranteed fixed income deposit portfolio
- Comprehensive records – your complete personal financial information is recorded on a few pages for easy, convenient reference.
- Regular updates – every time a new investment is made through Fiscal Agents, your MG Deposit Tracker statement is automatically updated, to keep you informed.
- The MG Deposit Tracker puts you in complete control – no longer worry about forgetting to renew! We know it’s a costly mistake if left unattended with no interest being earned if not automatically renewed.
- We’ll remind you of maturing deposits, search the market and identify the best reinvestment rates.
- You’ll be able to review and project your future income requirements with ease; you’ll be better able to arrange or rearrange your portfolio to meet those projections.
- Six account product types – displayed in bar and pie charts.
- The best way to understand and consolidate a mixture of smaller mismatched maturities, consolidating registered accounts in preparation for retirement conversion, avoiding early redemption and/or transfer-out fees or missed consolidation deadlines.
- An average segment or overall portfolio rate of return provides you exceptional insight to your future well-being
How it works
The particulars of your GICs, TFSA, RRSPs, RRIFs, LIFs, fixed term deposits and other investments are organized and updated in an easy-to-read format – usually on one page.
Your statement offers these features: (Click linked items to see a sample illustration)
- Shows the issuer and maturity date of all your active GIC certificates.
- Displays maturity of your term investments by year, month and amount, collectively or individually.
- Calculates current market values of your investments and their book values to reflect accumulating changes.
- Shows when, and from whom, each type of interest and investment income is due to you across five years.
- Coordinates multiple individual accounts – open or closed (CRA registered), in single name, joint names, in trust and/or corporate.
- Itemizes your monthly, annualized and accrued interest payments, in a calendar-type format.
- T5 year by year record notice is a easy way to reconcile past and current T5 slips at tax time. Also available on each plan is the T5 Interest Payment Summary
- Lists maturities by year – the perfect laddering profile summary, with annualized portfolio percentage returns.
The above items are explained in much further detail in the article following this one, The MoneyGuide Deposit Tracker: How it Works.
Fiscal Agents can update your accounts in minutes, whenever you wish, forwarded by Canada Post or secure email. In fact, every time you want an update, the MoneyGuide Deposit Tracker can recalculate the market value of your investments, total gains and interest income.*
