April 2014

Financial Tip of the Month: Complete your Tax Return by April 30th!  Sounds obvious I know, but when you owe taxes, or are unsure how to proceed, many people procrastinate.  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 2014
Each of these businesses has shown excellence in their area of service & expertise. For pictures featuring the event, go to RHCOC and SNAPD


We continue to see strong growth on the corporate side of the markets, primarily in the US and Europe. While Canada, with our resource focus, and the Emerging Markets are both lagging. Now the question has become "when is it too expensive" as the 'S&P 500 Index' continues to reach new heights.


Governments continue to face challenges, but as companies re-build, and growth becomes more stable, it becomes less likely that the extreme markets of 2008 will be repeated.  As always, a good solution is maintaining a balanced portfolio that works for you, with special attention to short-term money and keeping that to a minimum.



Market Commentaries and Webcasts to Keep You Informed:
 Our Federal budget update was sent out recently and is now available on our website.  While few critical changes, the biggest change for Financial Planning is the elimination of the graduated tax rates for Testamentary trusts.  For more information, see the "Federal Budget Commentary 2014" 
For information on markets, listen to the Wealth Matters webcast with Epoch Investments, David Pearl, speaking on the US market, and further ideas to reduce tax on Registered investments, including RRIF's and RRSP's. Please click here to access this webcast.

The Big Picture this month talks about equity market highs and their impact on your investment strategies.

These are updated regularly and help identify how these events can play out on the markets.

Last Chance for Taxes

If you need help with your taxes, here are a few suggestions:


  • Use Turbotax.  This user-friendly software is available for a 20% discount on our website.  Click here for your link to Turbotax.
  • Find an accountant. We can recommend an accountant that will cater to your needs, so please call the office for a recommendation.


    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: 


    All About Estates 


    While many want to avoid this topic, its something that impacts us all.  This is 1 of the better blogs with some knowledgeable contributors.  Particularly worthwhile if you're writing a will, or trying to plan your estate.



    Janine in the news:  Thanks to Rogers Daytime for airing an interview comparing RRSP's & TFSA's: To see it, check out RogersTv


    Our Assante office hosted a Business After 5 Chamber event, helping business owners to connect.  Thanks to all who attended.


    Thank you to the Chamber for featuring me and Assante in a recent article.





     RICHMOND HILL HOME & LIVING SHOW: MAY 2-4: Richmond Green featuring Rose Reisman, and Mag Ruffman with a contest for kids.  Check out the great booths and information.  Free tickets are available at this link, OnRichmondhill.



    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:

    "For a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle."

    Winston Churchill



    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.

    Dates to Remember 


    April 18th, 2014: Easter Friday
    April 30, 2014:
    Personal Tax Deadline
    May 2-4, 2014: Richmond Hill Home & Lifestyle Show featuring Rose Reisman and Mag Ruffman
    May 19th, 2014: Victoria Day
    June 15, 2014: Business Tax Deadline, 2nd Tax installment
    Janine Purves 

    CFP, CPCA 

    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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