Monthly Minute
 June 2020 - news & updates
What do Baby Boomers, Gen X, and Millennials have in common?
To read the Manulife Debt Survey and tips to stay in the clear, click here .

To read more on how consumer spending has changed during 2020, click here.
What is a "robo advisor" and do I need one?
Over the past 5 years, robo advisors have garnered more attention in Canada. There are some benefits to include "fintech" in your financial plan balanced with the advice of an advisor.

To read more on robo advisors, click here .

Watch for exciting new Assante services including robo advisory coming soon!
Insurance: Watch out for Healthcare Changes!
A few years ago, I wrote about a great option for managing Healthcare expenses for the Business owner. The article, The Best Kept Secret for Managing Healthcare featured information on Health Spending accounts and Health & Welfare Trusts.

These vehicles help to provide a customized approach that’s more flexible than traditional benefits plans, and enables your healthcare expenses to be tax deductible for business owners. They have been a great addition for many self-employed people.

But change is coming! 2020 will be a year to ensure that your Healthcare expenses are covered, and your Health and Welfare trust is closed or converted. In fact, these were effective for managing healthcare for the unincorporated business. It is no longer an option, and they must be converted or closed by the end of the year. Otherwise, new tax implications could apply. The government intent is to tax these accounts as other trusts are taxed which negates any benefit to holding assets there for healthcare expenses in the future years.

If you are incorporated, there is very little change.

If you are NOT incorporated, please see your provider about changing your structure, and finding new opportunities to manage your healthcare benefits.

Want some assistance? Please contact us to schedule a meeting with myself or Andrek.
Go Paperless!
We all know the importance of social distancing and we all have a part to play.

Email is a crucial means of communication between clients and advisors. We are always looking for a convenient and secure solution for sharing our confidential communications and documents. Assante InvestorOnline is designed to provide you with a secure and private communication gateway, and around-the-clock access to important information about your account.

Secure communication : You can communicate directly with your advisor knowing that your information will be kept private and safe.

Easy to use : Easily navigate through your account balances, transaction history and reporting details at your convenience.

Go paperless : Receive important documents and statements digitally, to help preserve the environment and protect both our postal workers and you.

Register for Assante InvestorOnline here .
"Life isn't about waiting for the storm to pass. It's about learning how to dance in the rain."

- Vivian Green
Assante Capital Management Ltd is a member of the Canadian Investor Protection Fund and Investment Industry Regulatory Organization of Canada.  
This material is provided for general information and is subject to change without notice. Every effort has been made to compile this material from reliable sources however no warranty can be made as to its accuracy or completeness. Before acting on any of the above, please make sure to see me for individual financial advice based on your personal circumstances. The opinions expressed are those of the author and not necessarily those of Assante Capital Management Ltd.
Insurance products and services are provided through Assante Estate and Insurance Services Inc. Assante Capital Management Ltd. is a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada.
Assante is an indirect, wholly-owned subsidiary of CI Financial Corp. ("CI"). The principal business of CI is the management, marketing, distribution and administration of mutual funds, segregated funds and other fee-earning investment products for Canadian investors through its wholly-owned subsidiary CI Investments Inc. If you invest in CI products, CI will, through its ownership of subsidiaries, earn ongoing asset management fees in accordance with applicable prospectus or other offering documents.
Commissions, trailing commissions, management fees and expenses, may all be associated with mutual fund investments. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Please read the prospectus and consult your Assante Advisor before investing.