How time flies: January 2018 is my 20th anniversary of building my practice.
Things haven't always gone as planned, but some things I would never trade, and I have learned a great deal. Of course, I have learned much from the many studies I undertake in this industry, but even more has been learned from my colleagues, my clients, and my family. Thank you for all you have shared.
Here's my New Year's challenges for all of you in 2018.
- Give more to things you care about
- Connect more with those you love
- Appreciate more of what is around you
- Try more new experiences to really discover the world
- Move more to keep our body giving back when we need it
Please watch for our New Year's letter sharing some of the key aspects to consider because of 2017, and what needs to be planned for in 2018.
Biggest Talking Points for 2017 & 2018:
*GTA Housing market shift.
*Ongoing stock market rally
*Canadian Private Corporation changes to tax rules (Federal)
*NAFTA, and the impact of the agreement
*Bitcoin and cryptocurrency
Take 5 minutes to assess your current financial health by answering a few questions about your spending, borrowing, saving and investing habits.
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Join us for a Downsizing Seminar, where I share some real life numbers, and a Real Estate expert is sharing some tips about what to do, and where to go.
Markham: Thursday January 18th, 11-1pm
Markham Village Community Centre
Aurora: Tuesday January 23rd, 11-1pm
Aurora Family Leisure Complex
Richmond Hill: Tuesday January 30th, 11-1pm
Richvale Community Centre
Please email me to reserve your spot. Learn all the options, how to get the most for your house, to sell or to stay and prioritize your needs.
Personal Pension Plans: Business owners learn more about this unique solution to retirement savings. I am hosting lunches with accountants and business owners to learn more about this strategy. Interested in attending?
Please call us, and we can put you on the waiting list.
This holiday season, investors can be cheerful about recent outstanding equity market returns and the increasing likelihood of business-friendly tax reforms by the U.S. government. However, it is important to acknowledge the worsening imbalances that lie beneath the glittering peaks of today's elevated asset prices.
Institution For Skill Development & Certification
Financial Tips for 2018
- Tax Receipts will be available over the course of the next 8 weeks. As usual, with clients that have non-registered accounts, we can provide a summary of receipts that you must have to complete your return. Call our office for assistance.
- All RRSP tax receipts will be printed starting January 9th. Then weekly from Feb. 4th on.
- T3's and T5's are usually mailed at the end of February. However, certain products are not required to issue receipts until March 27th, 2018. Please verify you have all receipts, and if unsure, give us a call.
2017 RRIF Withdrawals and Receipts
All our RRIF clients will be be contacted regarding the 2017 withdrawal amounts.
RRSP Maximum for 2017:
For 2017 Tax Year: $26,010 (or 18% of your earned income in the prior year, less any pension adjustment)
For 2018 Tax Year: $26,230
Own Foreign Assets, Stocks or Real Estate?: Be aware of new foreign reporting requirements, and learn more here.
Tax Free Savings Account Contribution Limits for 2018:
$5,500 is the new limit effective January 2nd. The total amount for you is cumulative, so the new total TFSA contributions are
We are getting in touch with all clients to ensure you maximize your TFSA as soon as possible.
Wellness and Protecting your Assets
Feel you are not engaged and working towards a healthier you?
Manulife Family Term with
combines a term life insurance product with the opport
unity to earn rewards and save premiums - all while improving your health.
Family Term with
is for those who want a longer-term insurance policy
and are willing to take an active role in their health.
Please contact me to learn more about
Vitality and its perks.
Quick Tips For Business Owners:
With the recent Private Tax Corporation tax rules change, it feels like many opportunities have been taken away. What's left for business owners and senior level executives to help build wealth? You can create your own pension.
High Notes Gala- February 1st
As a proud sponsor of this event, featuring an incredible collection of artists sharing music and spoken word in support of Mental Health. This year featuring Luba Goy of Canadian Air Farce, Lloyd Robertson, retired Anchorman, Michael Lansberg and more.
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:
"The person who says it cannot be done should not interrupt the person who is doing it."
- Chinese Proverb
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.
Jan 2, 2018 - 1st business day of New Year. TFSA contributions now at $5,500.
Jan. 9- RRIF minimum withdrawal calculations made
Downsizing Seminar Markham
Downsizing Seminar Aurora
Feb. 1- Women & Money Presentation
Feb. 1- High Notes Gala
Feb. 5- On Stage Series with Kevin Fox
Feb 13- Hosting Business After 5 with Richmond Hill Board of Trade. Reply to register
Feb. 19 - Family Day in Ontario. Office and Markets closed.
Mar. 1 - RRSP Deadlines for 2017.
Mar 15 - 1st tax installment
CFP, CPCA, CCS
Senior Financial Advisor
Assante Capital Management Ltd.
Ph (905) 707-5220
Fax (905) 707-1035
9130 Leslie Street
ON L4B 0B9
Visit our website at www.janinepurves.com