November - December 2015
Year End Tax Tip:  What does giving mean to you?  
Charitable giving always begins at home.

Often at this time of year, we want to do more for others,

One of the biggest strategies is reviewing how you can maximize your philanthropy, by giving what you can without impeding your cash flow.  
There are 3 ways to give that help to reduce your taxes owing, and increase your philanthropy.
1) Donate appreciated securities.  The capital gain is waived, and you also receive the charitable donation tax credit, which is at the maximum tax rate, when donating over $250.
2) Donate real estate.  The same beneficial tax rules now apply, after revisions to the 2015 budget.
3) Donate private company shares and the same beneficial tax rules now apply, again after the revisions to the 2015 budget.  

The government realizes that we are better at supporting charities than they are, and they encourage us to do so.
Want to discuss some philanthropic ideas, please call to discuss this and I'll be happy to set time aside to identify strategies that can work for you.  
Hanukkah, Christmas & New Years are just around the corner! With so much to do, so many places to be, how do you simplify your life at this time of year? 

Learn how to manage your schedule, your finances, and even tips to keep active and healthy.  Join us Nov. 24th in Richmond Hill.  For more information, or to register, click here.  

Your Security & Privacy are our Top Priority:

As we continue to make improvements to help our clients, I am pleased to announce we now have the capacity at where we can share documents in a safe and confidential manner.  For more information, please click here. My Portal    

The Joy of Aging 2015: Thank you to all who came out and contributed to this event all about healthy aging for women. This was the 7th year, and we had a blast!  We're also proud that it helped to raise about $20,000 for Mackenzie Health Foundation.


The proceeds are going towards additional Vital Signs machines for the hospital. This year, Dr. Ahmed El-Sohemy helped us learn "Its all in our Genes" which can really impact our reaction to food.  Our MC was Tracy Moore of CityLine.  We learned about "leaving a legacy" and had fun to Belly Dancing with Roula Said, of OM Laila Studio & Seven Waves Movement.


Check out the website and pictures .  In fact, if you would like to contribute to Mackenzie Health Foundation, you can do so by going to The Joy of Aging website


To make a donation, click here , The Joy of Aging 


Reduced RRIF Payments:   


Do you want to reduce your 2015 RRIF payment?   


Due to the most recent budget update, the minimum RRIF withdrawals have been reduced to lower rates effective for 2015.  To see the revised schedule, see  

my website.  If you wish to reduce the amount withdrawn to the new lower limits, contact me and we can implement the reduced amount.



2015 brought more mixed markets to the forefront.  Canada continued to lag, with our resource sector seeing additional fall off, and slowing growth due to the lower oil prices.

Increased volatility continued around the world, although growth in equities was still stronger than bonds.  Most managers still cautiously prefer equities for both income and growth.  The challenge is that they are now priced at a far higher value, and bonds are providing very low yields. With inherent market risk, the focus on modest growth through asset allocation and effective tax management is critical to help manage through any periods of volatility.

How can we benefit from tax efficiency, by looking at Corporate class structure in funds.  It allows a reduction in tax, through some tax deferral and by allowing re-balancing without triggering tax. To learn how it can help you, read the benefits.

For more market commentary, read "The Big Picture" Recession. What Recession?

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 Fund Facts and consult your Assante Advisor before investing.   

Owner-Managed Businesses:

Here's a great webcast with many tips on the best tax practices for you and your business.  Check out our
Nov. 4th "Wealth Matters" webcast" 

I'm happy to help discuss these strategies if they can apply to you.


Year-End Tax Distributions:
Information is just coming in and will continue until mid-December. If there are few substantial distributions, we will send information by e-mail.  If you would like to discuss your personal situation in the non-registered account, we would be happy to accommodate, and ask that you return all calls over the next few weeks to ensure we can assist you with any tax planning.

To help with any key financial items for Year End,  read Tax Tips for Year End  
RESP: If your child was born in 1998, then this is the last year to receive grant money. Please ensure any contributions are in by mid-December to avoid missing the deadline. Remember, maximum contribution levels for 2015 are $2500/annum/child.  PLEASE NOTE: THE DEADLINE FOR RESP CONTRIBUTIONS IS DEC. 31. 
Know a Great Business in Richmond Hill?

Want to share this with others. It's time to nominate your favourite business for the
Richmond Hill Chamber Business Achievement Awards.  To nominate a business, please go to 
Does your accountant have a good newsletter?  We would love to share the information.  Please pass it along.
Facebook, LinkedIn and Twitter! Social media is everywhere, even at Assante.  As we are becoming more frequent users of social media, I invite all clients and contacts to go to our sites and connect with me.  If you use any of the following and would like to stay in touch, please click on the following links to keep updated with our sites. 
Follow us on Twitter View our profile on LinkedIn Like us on Facebook

We're sending out articles, links to other helpful websites and are often involved in online conversations which may prove helpful.  I look forward to keeping in contact with more of you through these media sites.

"What we have created in life is the legacy we leave to the world." 

 - Unknown


Thank you for the pleasure of doing business with you.  We truly value your choice to work with Assante and our team and look forward to many more years in helping you make good financial decisions.



Sincerely, Janine, Janice & Andrek  


Please feel free to pass these e-mails on to contacts, friends & family who may find them helpful.

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.

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