February 2014

February's Financial Tip:  It's still worth making an RRSP Contribution.  With so many options to consider, Tax Free Savings accounts, RRSP's  and both Federal and Provincial governments speaking about how to help implement additional retirement savings pools, why should you invest in your RRSP?

The RRSP still remains the best & simplest tax deduction for a working adult in your prime income-earning years.  By reducing your income now, you can ensure your own money is going towards your future retirement, and not have to depend on anybody else.  No matter what scheme the government is discussing, the RRSP has been around for years, and will not go away.  Take the tax break, but ensure you re-allocate the savings to something that will help you now.  For example, if you contribute to the RRSP monthly, implement the tax savings now to increase your mortgage payment, or contribute to your TFSA.  By paying yourself first, you will be in a better position in 12 months no matter what happens.

Markets:  What performed best in 2013?  Global markets, primarily US and Europe continued their strong comeback, far outperforming Canada.  Other than a quick market set-back in June, that affected fixed income greatly, and many equity markets, this year saw more steady rise in equities.  Is the volatility behind us?  Most analysts say "NO".  They believe the markets are getting healthier, but we still have prominent government debt. and extremely low interest rates which will have to end at some point.   Therefore, 2014 is expected to be more volatile than 2013, but the challenge for growth will continue as fixed income still provides yields too low to sustain growth in your portfolio.

Interesting to note, the appreciating US dollar helped to contribute to strong Global returns.  January 2014 saw the fastest shift in the US dollar in 1 month than we've seen in over 4 years. 

Wealth Matters:  Reducing Tax when naming beneficiaries on your RRIF's-RRSP's: Feb. 12, 2:00pm These webcasts feature professionals live, answering your questions and discussing key topics.  This month we feature C�dric Paquin, Regional Vice-President of Wealth Planning at United Financial, a division of CI Private Counsel LP. 


Following our wealth planning discussion, we will be joined by David Pearl, Executive Vice-President, Co-Chief Investment Officer & Portfolio Manager, Epoch Investment Partners. David will provide his outlook on the U.S. equity market as well as discuss Epoch's positioning within the U.S. Equity Value mandate.


How to access the webcast 

Access to the webcast is available here The Wealth Matters & in The Wealth Matters section of Assante.com.


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 Time is Upon Us:

RRSP receipts from Assante are now being mailed out weekly.  Please ensure you have all receipts before completing your tax return.


Note: as the RRSP 2013 deadline is March 3, the final receipts will be mailed after that date.


If you have a Cash Account with Assante, or any institution that holds investments or trust units, they have until Feb. 28 & March 31 to mail the receipts.  Please call us to verify which receipts you should have to ensure your tax return can be completed accurately the first time.


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. To get set up, or learn more, go to www.assante.com, and click on Client Statements.  There's even a tax receipt schedule to help you identify when you will receive them.


RRSP Maximum for 2013:  $23,820

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

SAVE THE DATE: Assante Richmond Hill Grand Opening February 11, 2014 5:00-7:30pm

We look forward to seeing some of you at our Grand Opening.  We are proud to show off our new and expanded offices, where we have more room to serve you and the Richmond Hill area for many years to come.  Please ensure you RSVP if you wish to attend.


ASSANTE IN THE NEWS: Have you seen our ads?  Assante would love to hear what you think of the ads being aired during select Canadian hockey games on TSN


We are also in Snapd Richmond Hill, in February.


Janine will be featured on Rogers Daytime York Region on Feb. 18th, 2014 speaking on Tax Tips for RRSP's.


The Joy of Aging 2014:  As The Joy of Aging contributed over $37,000 to Mackenzie Health Foundation towards the purchase of a new MRI, we were invited to the Smash the Wall celebration.  See Janine participating in the Smash the Wall celebration, on Slide 20 here.


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.

Business Achievement Awards:  Come celebrate Business Excellence in Richmond Hill! As a proud member of the Richmond Hill Chamber of Commerce, it has been one of my best resources for Professional businesses to which I can refer my clients.  One of the biggest events of the year is the upcoming awards ceremony.  Please consider joining me at this exciting event on March 5th, starting at 6:00pm.  For more information and to purchase your tickets, go to RHCOC


Know a Young Entrepreneur? :  Small Business Enterprise Centre has the first information night to help promote small business amoung Youth on Feb. 5th.  This is geared for students age 15-29 who need funding to establish a business.  While you may be reading this after the event, please contact the SBEC on their webpage, and all information is available if you scroll to the bottom of the page.  It's a great opportunity for the budding entrepreneur student to get funding.  For more information, please contact Jennifer Nanofski at 905-747-6317


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, that's what I specialize in.  Ensuring you have the retirement income you need and paying the least amount of tax along the way is how I help you to meet your personal financial objectives.  


Happy Valentine's Day:  Check out the "Love Train Revue" featuring George St. Kitts and others singing your favourite MoTown songs.  These fabulous singers on the Toronto scene will be at the Richmond Hill Centre for the Performing Arts on Feb. 14th. I can't wait to enjoy the show and hope to see many of you there! For more details, click here .


Quote for February:  In celebration of Valentine's Day and Black History Month, I give you the following quote:

"No one is born hating another person because of the color of his skin, or his background, or his religion. People must learn to hate, and if they can learn to hate, they can be taught to love, for love comes more naturally to the human heart than its opposite."   
     Nelson Mandela 



Janine Purves, CFP, CPCA



Please feel free to pass these e-mails on to contacts, friends & family who may find them helpful.


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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



February 5:  Small Business Enterprise Centre-Young Entrepreneurs Events
February 11:
Assante Richmond Hill Grand Opening.  RSVP's are required!
February 12:
Wealth Matters Webcast
February 17: 
Family Day in Ontario
February 18: Janine's DayTime Rogers Appearance-Discussing RRSP vs. TFSA.
March 3:
RRSP Deadline for 2013 contributions.
March 5:
Business Achievement Awards for Richmond Hill Chamber of Commerce
March 15: 1st Personal Tax installment date.
March 25: Chamber of Commerce After-Hours Networking Session - Join us at the New Assante offices.
March 26: Women & Money Workshop
April 30, 2014:
Personal Tax Deadline
Janine Purves

Senior Financial Advisor

Assante Capital Management Ltd.


Ph (905) 707-5220

Fax (905) 707-1035


9130 Leslie St., Ste. 302 

Richmond Hill,

ON L4B 0B9


Visit our website at www.janinepurves.com 




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