March 2019

Tax Time is Here Again!

What do you need to know:
T4RRIF's, T4RSP's, T5's have all been mailed.  Most were mailed the week of Feb. 25th, so please  check your mail. We will be happy to create duplicates if you require.

T3's have until March 31, 2019 to be mailed.

We are also happy to assist with a tax package to your accountant.  Let us know what we can do to make life easier at this time of year.

T5008's are also issued.  These simply indicate a transaction in a non-registered account.  The actual tax impact is up to you to claim.  

All clients, but especially those with Non-registered account, please ensure that you have all receipts before submitting your tax return.  It's easy to make a quick call to my office and verify with Janice or Andrek;  far easier than having to re-file your return a few weeks later.

Receipt information comes from many sources, and therefore, you can receive more than 1 receipt for each account.  

Be Aware:  2018 was a volatile year, and that frequently means more trading activity.  That in turn means some distributions were triggered, and you may have more tax slips, or higher distribution amounts than in the past few years. 

Financial Planning Priorities

With taxes now being front and centre, it's time to re-consider what you can do differently for 2019.  

Set things up to take advantage of additional tax breaks. 
  • RRSP contributions
  • Limited Partnerships, oil and gas partnerships.  These investment provide virtually 100% tax deductible expense.  Then any funds received are taxed at the capital gain rate 1-2 years later.  Keep in mind, they are very high risk.
  • Charitable giving.  Donating shares/product in kind, means all gains are waived and you get the charitable donation tax credit.  It's a win-win for all.
    Charitable and Philanthropic Planning Options with Janine Purves
    Charitable and Philanthropic Planning Options with Janine Purves
  • All these strategies, except RRSP's, must be done by December 31st.  That means planning needs to happen during the year. Interested in ideas of how to have more impact, watch this video about how we have helped other clients.  It's an amazing legacy to leave
  •  Don't Dismiss Digital Assets in your Estate Plan
  • This topic keeps getting more important.  It's been stated that we may have on average $1,000-$3,000 worth of digital assets per Canadian. This article by Sandra Foster shares some great input. With more of our lives revolving around our digital devices and accounts, it is important to include digital assets in your estate plan.  If you'd like to discuss this further, please let us know.
    Thanks for sharing some great insight Sandra.

    Many of you enjoyed learning more about Estate Planning from Keith Masterman, and here's an article he wrote on Digital Assets.  
  • Digital Assets Rarely Addressed in Wills               Let's ensure it's discussed to ensure your legacy is managed for you.

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Thank You!  2018 proved to be a year where Financial Planning made a Difference.  It made a difference for many of our clients, and proved to be the reason that some new clients also chose to use our services.  We celebrated our best year yet, with our clients referring us, experiencing growth, and yet managing to stick with our game plan even when markets were proving challenging. 

As a promise to our clients, you may remember, that I do restrict my client base to a maximum number of families.  We want to ensure that we do not dilute the service levels that we believe make a difference in your lives.  We also try to ensure we only take on new clients that really work with us, and where we can really  make a difference.  (We aren't quite at that number. We do have room for a few more families.)

2018, which was my 20th year at Assante (previously Equion) proved to be my most successful year.  I was awarded the Charman's Council recognition for the 4th year in a row.  However, without you, this is not possible.  What is most important is the fact that we can continue to provide what you need.  Products change, financial needs evolve, but at the end of the day, we must ensure that we can help you manage all the financial decisions so you can live the life you have worked for. 

I want to say a special thank you to my clients, especially those that have been with us for 20 years!  I realize we can always improve, and rest assured we are continuing to look for areas and ideas that we can do better, to enhance your lives and continue to provide the service you have come to depend on.  Any suggestions, we are always happy to listen.  In the meantime, I look forward to working with you for many years to come!   

Thank you for your trust  
Janine, Janice, Andrek 
Market Update: 



It happened again!  The top month for redemptions in 2018 was December!  ( based on Visual Capitalist).  December was also the worst month in the markets, with the largest losses for the year.  Why don't we redeem when the markets are hitting peaks?  Because our brains are programmed to run when there's fear, and that was rampant in December. 
Yet, buying in December, was the best time to make money, as the following 2 months saw the largest growth we've experienced in many quarters. 

Learn a little more about trying to position for growth, but in a defensive environment, 

Valuations were out of whack for most of the year, and that meant most portfolios under-performed unless they were over-weighted in technology stocks.  But when they corrected, it was a rough ride.

2018 was definitely a year that frustrated many investors, due to the lack of growth, and unusual valuations in certain sectors.   
Portfolio Managers share the current status of Fed Rate and Bank of Canada and the impact on your portfolios

Additional Tax Resources
As always, if you require assistance, please call.  We are happy to help.   Need an accountant? I am happy to provide a recommendation.  I work with many, and can find a good fit for your needs.  Just call the office to discuss your priorities. 
Tax Help Needed?
Check out our tax organizers to keep you on track.
ONLINE STATEMENTS & RECEIPTS 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. 


Downsizing Done Right Workshop 

April 2- 12:00pm to 4:30pm  
Register at 
Can't attend? Please Register Here and We will let you know when future workshops are happening.  
This hands on workshop covers all the decisions Including:
  • Detailed information and exercises to help you better understand your options
  • Real Estate Overview, and Ideas
  • Tackling the De-Cluttering Dilemma- Strategies For Success
  • Better Understanding of Services to Help with Downsizing
  • How to Generate The Best Value For Your Property
  • Moving For The Right Reasons
  • Tips To Maximize ROI on Y our Home
Business After 5 2019-
Richmond Hill Board of Trade.April 9. 5 to 7pm.
Special Wine & Cheese Event at the Assante Capital Management Office. Register Here


Classic Albums Live, Elton John Greatest Hits., I'm thrilled to be a sponsor for this night where we can  enjoy the songs we still love! 

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.  
Thanks to you for helping us achieve a level of service and standard at our branch that is allowing us to help each of you to meet your goals, and better prepare your family for the future. 
Please feel free to pass these e-mails on to contacts, friends & family who may find them helpful. 
"Don't cry because its over.  Smile because it happened." 
Dr. Seuss

Janine Purves, CFP®, CPCA, CCS

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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 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.
Services and products may be provided by an Assante Advisor or through affiliated or non-affiliated third parties.

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
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