June 2017 

Financial Tip

Last month,  I started to build a few "financial tip" videos, to help people make better financial decisions.  The first I am happy to share here.

Quick Reminder:  Traveling Soon Anyone?  If you need Travel Insurance, we now offer a quick and easy solution. Just go to this link on our website and sign up right away.  Travel Insurance . Any questions, please give us a call to help.

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Business Owners:  
Want to withdraw money from the corporation tax free to pass along to your heirs?
Check out this video presentation.  With regulatory changes coming soon, it's important to review your options now. 


Primary Residence

Remember the new principal residence rule. 
What Changed and what Hasn't. Click Here

Household Debts

The latest Manulife Bank Homeowner Debt Survey has uncovered the truth :  Many Canadian homeowners, particularly Millennials, lack the financial flexibility to adjust to rising interest rates, unforeseen expenses or interruption in their income.
Key findings:
  • 25% of Millennials have no emergency savings
  • One in four homeowners were "caught short" at least once in the past year, with insufficient money on hand to manage daily expenses
  • Almost half of Millennials received help from family members with their first home purchase


Understanding the risks that high debt levels pose to both the housing market and the broader economy can help individuals avoid emotional responses if and when any changes occur.

I am pleased to be sponsoring The Richmond Hill Centre For The Performing Arts again in the 2017-2018 season.  This time, with 2 colleagues, we will be sponsors of the OnStage Series, for unique Canadian talent in a more intimate setting.
I hope to see some of you at the theatre this year.


Home Capital Update

The thesis that Home Capital was a high
quality and profitable company changed in a matter of day. Click Here To Continue Reading 

Trustee Fees: Please note that Trustee fees for RRSP, LRSP, RRIF, LIF will be charged in early June.
I'm riding in the Big Bike on Jun 15th.  I'm working hard to raise $300 towards Heart & Stroke in honour of my father who suffered from a stroke 6 years ago.   Come out and cheer us on, or even better, please donate to help ensure your loved ones have the support in the future.
Thank you to all that have contributed to the charitable cause!   
Thanks to a few special clients who participated in a recent video.  Check it out here. 


REFERRALS: Thank you for your referrals. We really appreciate you passing along our name.  If you know somebody who needs a 2nd opinion on their portfolio, or who really needs to focus on planning for the future and setting some objectives, I can help.  Ensuring you have the retirement income you need and paying the least amount of tax along the way is how I enable you to meet your personal financial objectives.  
Quote of the Month:  
Great things in business are never done by one person. They're done by a team of people. 
Steve Jobs

Thanks for allowing me to be a part of your team.  
Janine Purves, CFP, CPCA, CCS  

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 is registered with 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.

Janine Purves  


Senior Financial Advisor

Assante Capital Management Ltd.


Ph (905) 707-5220

Fax (905) 707-1035


9130 Leslie St.,

Suite 302,

Richmond Hill,

ON L4B 0B9


Visit our website at www.janinepurves.com 



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