Spectrumly Speaking
September 2020    

We hope this email finds you and your family all well and enjoying (dare we say it) the tail end of summer!  We know the pandemic has certainly changed all of our lives in many ways but we sincerely hope, upon reflection, that there have been some positive blessings for you.  A few projects accomplished, less commuting and road rage, reconnecting with our immediate family and a slower pace to our days perhaps.

With the dawn of September, our focus tends to shift from lazy summer days to harvesting and planning.  There are many potential hurdles ahead; navigating the new and challenging school term, beginning to pick up trinkets for the holiday season and saving for those expenditures and perhaps an unexpected tax bill.  Whatever the challenge, remember that we are here to assist you and your family in any way we can. Please be sure to reach out to us and we can chat via telephone, email, zoom or skype.

Please stay healthy, stay strong and stay in touch!

Best wishes,                    
Karen, Richard, Janet and Sheila

Back to School During COVID-19

The end of summer and settling back into another school year can be challenging under normal circumstances but what about this year ... The pandemic has created a whole new set of regulations and deep concerns.

Here are some great Tips for parents put together by CHEO - The Children's Hospital of Eastern Ontario.

CERB and Taxation 

If you are in receipt of the CERB benefit, it will be important to look at your overall tax situation and plan accordingly.
          • Are you setting money aside for the possibility of owing taxes when it comes time to file?
          • Did you receive a benefit that perhaps you were not eligible to receive?
          • Should you hold back RRSP contributions into the following year?
Please reach out to us for assistance in analyzing your specific situaiton.

Click here for further details ...
 Manulife "All in One"

Many of you have heard us speak of the incredible features of the Manulife One program in the past and many are reaping the benefits of this mortgage alternative.  

Here is a great article from Rob McLister, respected mortgage columnist, praising the flexibility and characteristics of this unique program.  It has definitely been a blessing to those requiring financial assistance during COVID.

What Happens when a Canadian Resident Passes Away

It is important that you have a good understanding as to what happens to your assets and property at the time of your death.

This publication from the Bank of Montreal provides a great overview of the implications from a tax and estate perspective.

Monthly Features
Seminars, Market Watch, Office News & Tips
Market Watch
Market Watch   

For those with more of an interest in what has happened in the markets this past week, click here for an in-depth update from TD.
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Spectrum Financial Strategies
134 Collier St Barrie, ON L4M 1H4

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