April 2015

Financial Tip of the Month: Which of the many Tax Credits can you take advantage of? 


Learn about the many that are available:  Income Splitting for Families, Sports Tax Credit, Arts Tax Credit all for having children enrolled in these activities.  For more, see the article in my new "Well Advised" newsletter.  Delivered via e-mail last week, and by mail next week.  If you don't receive it, please subscribe by responding with  "Send me Well Advised" in the subject line.


If you owe taxes, they are due by April 30th, for business or personal.  Therefore, ensure you complete the return and make a payment even if its only an installment. Filing late, and owing taxes means that you will be charged interest and a penalty.  The same guideline applies if you owe quarterly installments.  While the installment amount can be changed if your income is different, paying an installment is recommended.  As long as you make installment payments and can justify the amounts, then CRA will only charge interest, and no penalties. 



We are happy to refer an accountant that meets your needs.  Please feel free to Contact Us for more information.

Congratulations to all the Richmond Hill Business Award Winners 2015
Each of these businesses has shown excellence in their area of service & expertise.   RHCOC

Janine in the News:


Janine was recently featured in Toronto Star in not 1 but 2 articles.  To continue reading click on the following link. 


Insiders share their money-saving secrets


Common mistakes to avoid



We also have a recent interview and Financial Tips that were airing on 105.9 The Region radio available on our website.  To hear them, click here

Measuring Portfolio Performance

New information about returns will be appearing on statements soon. 
We have been provided returns at meetings for many years.  However, with the new requirements comes the need for more detailed explanations of how returns can be calculated.
It is important to distinguish the difference between Dollar Weighted Returns and Time Weighted Returns.  Please see the new " Big Picture" update for a detailed explanation.

Did you know that most investors tend to follow headlines?  That means that they sell when there is fear in the markets and we see depressed prices.  They buy when there is maximum optimism.  That means you're paying peak prices.  The chart above shows why we need to have a plan, to avoid these extreme situations, and allow ourselves to be invested when the prices are cheap.  To read more about Emotional Investing, click here.  

Portfolio Construction:  Are we back to normal?  Read more about how government intervention with interest rates can impact the economic engine and future growth. Continue Reading


Last Chance for Taxes


Tax Help Needed?

Check out our tax organizers to keep you on track.


2015 Personal Tax Calender

2014 Personal Income Tax Organizer


If you need an accountant, give me a call, I can refer accountants to you, as we hear what works from all our clients.  Happy to help!


If you do your own taxes, you can use the TurboTax program available through our website link here to save 20% on TurboTax.



Tax Receipts:

All tax receipts are now mailed.  If you suspect you are missing any receipts , please let us know as we can usually provide a copy to you very promptly.


Online Statements Now Available:  Have you set yourself up on Assante InvestorOnline?  It's time, as we now have online statements and the ability to print your own receipts and more.


You can even elect to receive electronic copies only, and save some paper.


Get All Your Newsletters via e-mail:  We provide Well Advised quarterly, which is available by mail or e-mail.  To opt for the e-mail version, please send us a request.


Favourite Website or Newsletter: 


Assante Wealth Matters Webcasts


With access to so many resources at Assante, we have a great wealth of information and these webcasts and articles are very valuable and cover a broad range of topics, including Tax Planning, Estate issues, US Tax rules, and much more.  Check it out and watch for upcoming webcasts to learn more.





Women & Money:  April 23rd.  Thank you to Oak Ridges Retirement Community for sponsoring this Interactive sell out event.  Understanding how our best habits can harm us financially is key to helping us be financially independent in life.  To sign up, please let us know right away, as we are almost full!



Richmond Hill Home & Lifestyle Show: May 1st to 3rd.


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.  




I can't say enough about the exceptional support the entire team provides and the wealth of information which is always available to keep me in the 'know'- Linda Klym


We thank Linda for her testimonial and we promise to continue providing service and support that you expect.



Quote of the Month:


"The single biggest problem in communication is the illusion that it has taken place."

George Bernard Shaw



Janine Purves, CFP, CPCA


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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 www.janinepurves.com 



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