January 2016
Happy New Year!    What does 2016 hold in store for you?  What is keeping you motivated for the future?  I know I'm excited about this year.  Why?  Because I have taken on some new challenges, I'm helping my clients with cash flow planning, and have recently achieved a new designation.  CCS,  Certified Cash Flow Specialist.

In fact, I'm very excited about the prospects of how this can help my clients.  It's shown many people how to save hundreds of thousands and focus on the life they want.
  • Have you ever thought you make great money, but don't feel as if you have enough to show for it?
  • You feel as if you're constantly meeting other obligations, but not focusing on what's important to you?
Cash flow planning incorporates a structure that helps to re-claim your money, and allows you to get more life from your income.  

Stay tuned as we work to introduce it in our meetings as we go forward. 

Want to learn more?  Then, please reply and indicate "Cashflow" in the title, and we can set up a call to discuss the possibility.

On a more humourous note, Carl Richards always is so perceptive.  As 2015 was a frustrating year on the markets, I think this picture says it all. Let's work to ensure we are focusing on the long-term and working to buy on the dips, and not at the peaks!

 (Featured in the January 2016 Richmond Hill Snapd)

Tax Planning: All RRSP tax receipts will be printed starting January 7th.  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 28th, 2016.  Please verify you have all receipts, and if unsure, give us a call.
2015 RRIF Withdrawals and Receipts:  All our RRIF clients have been contacted regarding the Minimum withdrawal change in 2015.  If you re-contributed to take advantage of the new minimum amounts, you will receive 2 tax receipts.  1 T4RIF and a 60L, together they will represent that corrected reduced withdrawal amount.  Also, all re-contributions must occur by Feb. 29, 20156.  Your RRIF amount for 2016 will be forwarded to you in the next few days.
RRSP Maximum for 2015:  $24,930
For 2016:  $25, 370 (or 18% of your earned income in the prior year, less any pension adjustment)

Own Foreign Assets, Stocks or Real Estate?:   Be aware of new foreign reporting requirements, and learn more here. Foreign Reporting Requirements

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.

Tax Free Savings Account Contribution Limits for 2016: 
$5,500 is the new limit effective January 4th. The total amount for you is cumulative, so the new total TFSA contributions are $46,500.

We are getting in touch with all clients to ensure you maximize your TFSA as soon as possible.
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 interest only options. Consider any combination of GIC's, stocks, bonds, ETF's and mutual funds to help build up your tax-free savings.

Creditor Protection for Bus Owners :
Here's a great article I found. 


Join us on Tuesday January 26th for
 RHCOC's Business after 5!

Time: 5 pm to 7 pm
Location: Assante Capital Management -
9130 Leslie Street, Suite 302 - Richmond Hill

Portfolio Construction.
Benefiting from "lower for longer in 2016"

What does Alfred Lam mean by this? Oil prices have been low but have not reached historical lows. This behaviour may be extended for a longer period of time. Remember the oil crash of 1985?

In volatile markets and slower growth, Multi-Asset Strategies to hold a diversified portfolio and have asset allocation across global equity, fixed income, currency, commodities and alternative investment markets have proven to  perform adequately in comparison to the absolute market.

Big Picture . Recession, what recession?
By Richard J. Wylie. Continue Reading

In addition to the  Big Picture and Portfolio Construction update, Insights by Evolution focuses on a section of the market and has a Q&A with portfolio managers. Click here
for the most recent edition. 

Can Advice Make A Difference?

I thought this study was interesting. 
As a Financial Advisor, my role is to help you meet your goals. While the markets ebb and flow, and so does the economy.  That we cannot control.  How you manage the curveballs that life will throw at you is where we can have the biggest impact.  Helping to protect you from "big mistakes" and ensuring you stay on track with the small steps can make a big difference over time.    
I thank you for the privilege of working with you, and look forward to continuing to help meet your goals in 2016 and beyond.  
Our biggest compliment is your referral.

It helps us to continue to focus on you, the client, and ensure we spend our time dealing with your needs.  So, as a Thank you to all our clients, I send a special gift to all who refer a client, and at year end, draw a name for a special ticketed event.  This year, the winner will be announced next week.  

Too often we underestimate the power of a touch, a smile, a kind word, a listening ear, an honest compliment, or the smallest act of caring, all of which have the potential to turn a life around.

Is it time to review your insurance? 
We provide advice, sales and service on 
Life , Critical Illness , Disability, Long-term Care, Group Benefits and Travel Insurance.
f 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. 
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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.

Janine Purves,


Senior Financial Advisor

Assante Capital Management Ltd.


Ph (905) 707-5220

Fax (905) 707-1035


9130 Leslie Street

Suite 302,

Richmond Hill,

ON L4B 0B9


Visit our website at www.janinepurves.com