January 2014

Happy New Year!  What resolutions have you set for 2014?  Recent studies have indicated that our success is not so much about the resolutions we make, but the steps we take in trying to meet them.  If we make commitments to others, for example, then we're more likely to keep these commitments.  If it's something that we can easily add to our daily routine, then it can become habit.  So, for 2014, don't worry about setting the world on fire...just set 3 ideas that you can actually implement.  Take 3 simple ideas, but ensure that you have at least 2-3 steps involved in keeping these commitments. 

For example, if it's about savings, then set up the automatic transfer now to move the money from your bank account to the savings account or Tax Free Savings Account. 

If it's about Losing Weight, then agree that if you fall off your diet, then you have to pay your colleague a certain amount. 

If it's about exercising more, then have a plan to meet 3 friends weekly.  You are more likely to stick to this as you don't want to be the one to let the group down. 



What is Your Money Personality? Also, how does it fit with your Spouse?  Have some fun and determine your money personality by taking this quiz.  Money Personality Quiz.  The Money Couple is a great website about how to manage money and keep your relationship healthy while you're at it.  Since many relationships suffer stress due to finances, this is a great place to start when considering your New Year's Resolutions.  Keep this one bookmarked for future use!



Tax Free Savings Account Contribution Limits for 2014:  $5,500 is the new limit effective January 2nd. 


Remember, TFSA's are a great savings vehicle for both short and long term planning.  Depending on your priorities, you can invest in almost anything.  The key is you are not restricted to high interest options.  Consider any combination of GIC's, stocks, bonds, ETF's and mutual funds to help build the accounts over time.

RRSP Contribution Limits:  2013 Limit: $23,820.  

2014 RRSP Limit:  $24,270, or 18% of prior year's income. 



Will 2014 continue the strong market rally?  Watch for updates on the new year and what experts are saying.  Some of these will be provided with our updates provided in the next few weeks. 

The US Debt ceiling will be discussed again before mid-February.  What effect will this have?  As the market continues to sustain itself, the government issues are starting to have less impact than they did 2 years ago.  However, please keep in mind that there will still be volatility and we still have to ride it, and ensure we have some safe havens for our money (just not all of it!).   

The big picture still entails that a long-term responsible fiscal plan is in order.  To help keep you up to date on this beyond the headlines, read our "Big Picture", or "Playbook".  

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



Tax Planning: All tax receipts will soon be printed.  T3's and T5's are mailed at the end of February.  RRSP receipts will start to be mailed in Mid-January, and will continue to be mailed weekly until the RRSP Deadline, March 3rd, 2014.



RRSP Maximum for 2013:  $23,820

For 2014:  $24,270 (or 18% of your earned income in the prior year, less any pension adjustment)


Snowbirds, travelling south soon.  Did you know you may also have US Tax filing obligations.  If you have questions, please let us know and we'll refer you to experts to help.


We've Moved!  Join us February 11th for our Grand Opening to celebrate our move to the new office.  We are now located at 9130 Leslie St. and are now settled at our new office.  The closest intersection is West Beaver Creek and Leslie St. (SouthWest corner).  We look forward to greeting you here soon.


RRSP Meetings:  It's time for everybody to start thinking about meeting their RRSP targets for 2013, and 2014.  We are now scheduling our meetings and will be in touch will all RRSP clients shortly.  Please call us to schedule your meeting.


RRIF Payments for 2014:  Calculations have just been done, and your customized RRIF letter is being issued this week.


Travelling 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.

Thank you for your referrals.  Each year, we draw a name from all the clients that have referred new clients to us.  This year, the winner of a gift certificate to the restaurant of their choice is Christine Hallet.  Congratulations, and thank you!


Want to do something different, get more involved in your community?  Here's a website with lots to share for 2014!

www.onrichmondhill.com  This website and weekly newsletter keeps you up to date on the many activities happening in our community.  I've attended many interesting events and met many people that I learned about through this newsletter.  


Quote for the New Year:  "You can't have a better tomorrow if you are thinking about yesterday all the time."

Charles F. Kettering    



Sincerely, Janine   



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.
Dates to Remember 


January 2nd, 2014:  First Work Day, and TFSA contributions can be processed.
2014 Maximum: $5500
February 11, 2014:
Assante Richmond Hill Grand Opening Celebration
February 17, 2014: Family Day
March 3, 2014:  2013 RRSP Deadline
March 15, 2014- First Tax Installment 2014

Janine Purves,


Senior Financial Advisor

Assante Capital Management Ltd.


Ph (905) 707-5220

Fax (905) 707-1035


Please note our New Address!

9130 Leslie Street

Suite 302,

Richmond Hill,

ON L4B 0B9


Visit our website at www.janinepurves.com